Crypto Market Highlights November 26, 2021

BlockFi ends free withdrawals, ‘NFT’ is the word of the year and many other highlights of the crypto market that have been compiled over the past 24 hours.

Crypto Market Highlights: Investment News

Cryptocurrency mining energy management company Lancium announced that it has raised $ 150 million in a financing round led by clean energy provider Hanwha Solutions. Lancium says its “clean campus” data centers will host bitcoin mining, high-throughput computing, and other energy-intensive applications and provide energy management services.

Cryptocurrency Lending Network CEL (CEL) has expanded its Series B funding round from $ 400 million to $ 750 million. The news was first reported by Blockworks, and the article was subsequently retweeted from the lender’s official Twitter account.

End-to-End Decentralized Finance Security Protocol (DeFi) Panther Protocol raised over $ 22 million in its public sale. The press release stated that the deal closed in just 90 minutes, bringing total revenue to $ 32 million. “This surge shows the need for privacy in the digital economy,” said CEO and co-founder Oliver Gale.

Crypto Market Highlights: Stock Market News

As of December 1, cryptocurrency lender BlockFi will switch to a tariff-based withdrawal fee structure that will end free withdrawals as it cites “standing transaction costs on the network”. Ethereum. The move applies to Ether (ETH), Chainlink (LINK), PAX Gold (PAXG), Uniswap (UNI) and Basic Attention Token (BAT), while customers for Bitcoin (BTC), Litecoin (LTC) and Stablecoins are moving on to one receive free monthly payouts.

Kraken has announced free bank withdrawals for its US customers. Currently, this feature is available to medium and professional customers outside of the states of Texas, New York, and Washington.

Crypto Market Highlights: NFT News

The term Non-fungible Token (NFT) was named Word of the Year by the Collins Dictionary, according to Bloomberg. The Collins Dictionary chose the term to recognize the technology that integrates the worlds of money, technology and art and defines it as “a single digital certificate registered on a blockchain and used to denote ownership an asset such as a work of. to document art or collectibles. ”

According to the US Securities and Exchange Commission, the asset management company Arca has launched a $ 30 million fund specifically for NFTs. The company began accepting investments in the Arca NFT Fund on November 15 and has raised $ 11.4 million from 68 inventors to date to meet its overall goal of $ 30 million.

Crypto Market Highlights: Gaming News

Digital asset custodian Hex Trust and mobile game publisher Animoca Brands have formed a joint venture to offer online gamers institutional wallets for digital assets and financial services. As custodian, Hex Trust will leverage its financial institution infrastructure to provide financial services to players within the Animoca Brands ecosystem, including banking services for NFTs and other crypto assets, the press release said.

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