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Coinlive Weekly (November one – November seven): The “umpteenth” altcoin season of 2021

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As Bitcoin continued its sideways trend, the initially week of November opened the door to altcoins. A string of best altcoins established new ATHs final week, like ETH, SOL, AVAX, DOT, and so forth. Additionally, the gaming and metaverse trend has not proven any indications of cooling as a quantity of tasks / ecosystems demonstrate up and have announced a big blockchain game advancement fund.

Let’s overview every thing with Coinlive to make absolutely sure you never miss any vital information! ?

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Value motion of big cryptocurrencies in contrast to seven days in the past, statistics taken at 09:45 on seven/eleven/2021. Source: Coin360

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📰 News factors

The focal stage 🔥

– Bitcoin late October “great success”: the regular monthly candle reached a record large, an further $ two billion was paid in by investment institutions, the “whales” continued to rise.

– New ATH Coins: Ethereum (ETH), Polkadot (DOT), The Sandbox (SAND), Solana (SOL), Avalanche (AVAX), Bonfida (FIDA)

– Axie Infinity (AXS) implementing the Katana DEX platform, launching its very own token for the Ronin sidechain – the SLP price tag has skyrocketed

– Tokens observe the film Squid game 99.99% Price Collapse – Binance Announces Investigation

– The US House of Representatives approves the bill tax cryptocurrencies

Great Cap

– Ethereum more and more “deflationary” – ETH is anticipated to hit the $ eight,000 mark

– Ethereum it will lead a tricky fork by delaying the “difficulty bomb” in early December

– XRP Coming to Ethereum in December

– Cardano (ADA) welcome to two million milestone ADA wallets – Get prepared to scale with the Hydra degree two improve

– Bitcoin Cash (BCH) “ride the roller coaster” due to fake information accepted by Kroger for payment

– Loss of proof demonstrates that Tesla in the method of accepting payment Shiba Inu (SHIB) – SHIB price tag has dropped drastically underneath stress from whales

– CEO EOS The Foundation declares that EOS is a “catastrophic failure”

– Binance Become a fan token for FC Porto, sponsor a jersey for five many years

The best one hundred cryptocurrencies with the strongest enhance in the final week. Source: CryptoBubbles

DeFi ?

– Avalanche (AVAX) announced a new incentive bundle for tasks really worth $ 220 million

– DEX Katana of Axie Infinity is shut to $ one billion in trading volume following just two days of launch

– Revealing personal vital, DeFi platform bZx fifty five million bucks stolen

– DeFi attacks in 2021 it induced a reduction of up to $ one.four billion

NFT and video games

– After Facebook, it can be the tech giant’s flip Microsoft officially “makeover” with Metaverse

– FTX And Solana build a $ one hundred million fund to invest in blockchain video games

– Huobi marketplace launch NFT check

– Sushi Swap (SUSHI) shock launch of the NFT and Metaverse platforms

– TRON set up a $ one hundred million fund to produce NFT tasks

– Enjin create a $ one hundred million fund to produce the metaverse ecosystem

– Ethereum Name Service quickly to release their governance token

– Director Quentin Tarantino is auctioning unreleased NFT Pulp Fiction footage

Investments from substantial institutions

– Digital currency group increase capital of $ 700 million from SoftBank, Google

– The sandbox Requested $ 93 million from SoftBank, SAND’s price tag continues to drive ATH up

– The oldest financial institution in Thailand Become a “huge” shareholder in the nation’s foremost cryptocurrency exchange

– Australia’s biggest financial institution begin providing cryptocurrency providers

Legal and Hospitality ⚖️

– United States government publishes report on stablecoins, suggests swift regulatory legislation

– South Korea will not involve NFTs in the cryptographic regulatory framework

– eCNY of China currently applied by 140 million individuals

– El Salvador makes use of Bitcoin (BTC) revenue to develop twenty colleges

– Burger King rewards shoppers with BTC, ETH and DOGE

Events up coming week (November eight-14)

Synthetic Currency 68


Join the chat group Coinlive Chats Let’s examine sizzling subjects of the DeFi marketplace with Coinlive admin staff !!!


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