$ 200 million Avalanche, NFT receives Grammy & $ 100 million, Wall Street is hunting for cryptocurrency, … is the standout news about the crypto market on November 2nd, 2021.

Crypto Market Highlights November 2, 2021: Investment News

• The Avalanche Foundation says it launched Blizzard, a $ 200 million fund dedicated to accelerating development, growth, and innovation in the Avalanche Public Blockchain (AVAX) ecosystem of builders and users. This fund includes contributions from the Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings, etc.
• According to CoinShares data, digital asset investment products saw total inflows of $ 288 million last week, compared to $ 1.47 billion a week earlier, valued by the launch of a Bitcoin (BTC) futures ETF in the US became. Bitcoin saw the majority of the total inflows of $ 269 million last week, while Ethereum (ETH) broke a three-week dry spell with total inflows of $ 17 million and increased its market share.
• Cryptoasset manager NYDIG says it has taken over BTC payment app maker Bottlepay. The acquisition will allow NYDIG to integrate Bottlepay’s Lightning Network infrastructure with its existing Bitcoin platform, they added.
• Decentralized Finance (DeFi) Ardana announced that it raised $ 10 million in a public sale. The company wants to be a DeFi gateway on its native blockchain Cardano (ADA).
• Ex Populus, developer of an Ethereum-based game publishing model, said it had completed a $ 3 million seed round led by Animoca Brands with participation from CMS, Enjin, Infinity Ventures, Outlier Ventures and other investors.

Crypto Market Highlights November 2nd, 2021: NFTs News

▶ Non-fungible Token Investment (NFT) Sfermion announced that it raised $ 100 million in its Fund II investment round. Sfermion invests in the full spectrum of irreplaceable capital and focuses on asset types – early stage venture capital, tokens and direct NFTs.

▶ The Recording Academy, the Grammy Awards and the NFT platform OneOf have announced that the music awards will receive their own NFTs. Collection details, including digital collections and experiences in celebration of Grammy nominees and winners, will be announced in January and a portion of the proceeds will be released, and the NFT will feed into its scholarship fund, they added.

▶ The Huobi Group announced the launch of a trial version for Huobi NFT, an NFT marketplace where users can purchase NFT artwork, collectibles, and other digital items. Huobi has expanded its initiatives and services to all aspects of the NFT space, including investment and project incubation.

Crypto Market Highlights November 2, 2021: Career News

According to a Bloomberg report, some of Wall Street’s largest banks and financial firms have added around 1,000 crypto-related positions since 2018. Major employers include JPMorgan Chase & Co., Wells Fargo & Co., and Goldman Sachs Group Inc., it added.

According to a recent job posting, Amazon Web Services (AWS) is looking for an expert to advance digital asset underwriting, transaction processing and cloud custody. The new employee will work with global financial institutions and innovative fintechs while also “working the way they do with digital assets (e.g. enforcement, settlement and custody.”

Crypto Market Highlights November 2, 2021: Stock market news

Binance says that today all crypto withdrawals on the platform are temporarily disabled “due to a large backlog”.

BitMEX has announced that it will expand its BitMEX Link brokerage service to Switzerland. It said it will develop new businesses and functions under the BitMEX brand, including spot, brokerage, custody, information products and an academy “to deepen the knowledge” of digital assets and cryptocurrency trading.

Crypto Market Highlights November 2, 2021: News on new products and services

Burger King has announced to work with the investment platform Robinhood to offer loyal Royal Perks members the chance to win a “side of the crypto”, including Dogecoin (DOGE), ETH or BTC. Royal Perks members who use My Code (code required at checkout) to spend $ 5 or more on the Burger King app, website, or at a Burger King restaurant at participating locations will be rewarded, however BTC and ETH are given out to a couple of lucky members.

Crypto Market Highlights November 2, 2021: Regulatory News

According to Business Insider, the new draft rules will prohibit South African pension funds from investing in BTC or other cryptocurrencies. Treasury Secretary Enoch Godongwana has introduced a number of regulatory changes that regulate exactly how pension funds can invest members’ money.

Crypto Market Highlights November 2, 2021: Mining News

Bitcoin miner Rhodium Enterprises intends to become a publicly traded company that is raising up to $ 100 million, according to filings with the US Securities and Exchange Commission (SEC). Rhodium says its 80 MW electrical capacity is enough to power more than 22,600 miners in its “original Texas location,” for a total hash rate of about 1.8 exahash per second (EH / s).

Fortress Technologies has announced the purchase of 4,500 Bitmain Antminer S19j Pro Bitcoin Miners (100 TH / s). This adds 450 PH / s to the company’s total contractual hash rate, more than three times the previous contractual hash rate of 195 PH / s, they said.

Atlas Technology Group announced that it has selected Core Scientific Holding Co. to host a large number of the latest generation of bitcoin mining machines. They said the installation of the new miners is expected to be completed in 15 months, adding that Atlas miners will need more than 100MW of electricity at full capacity.

Crypto Market Highlights November 2, 2021: Game News

Gamee, developer of mobile games, has announced the launch of its Arc8 mobile esports platform based on the Polygon (MATIC) blockchain. This start will be followed by the platform’s first NFT pre-sale, G-bot – a collection of 1,000 in-game characters that can be played in tournaments exclusively within the Arc8 app, it said.

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