Digital Assets Report 45

• Mastercard launches crypto-linked payments cards in Asia
• Bitcoin and Ethereum reach new all-time highs
• Crypto Markets reach $3 Trillion Market Cap
• Crypto Tax passed by House of Representatives and awaits Biden's approval
• Huobi Group moves operations to Gibraltar after China exit

Business

Mastercard launches crypto-linked payments cards in Asia that allow holders to convert their crypto to fiat instantly

The cards seek to remove barriers between merchants who do not accept digital assets and customers who want to pay in crypto.

markets.businessinsider.comIsabelle Lee

UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs

U.A.E.-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases

Cryptoadmin

Digital Currency Group Raises US$700 Million From Softbank, Google’s Capital G - Fintech Schweiz Digital Finance News - FintechNewsCH

Digital Currency Group (DCG) announced that it has closed a secondary investment round by selling more than US$700 million of its shares

Fintech Schweiz Digital Finance News - FintechNewsCHFintechnews Switzerland

El Salvador to build 20 ‘Bitcoin Schools’ with surplus from Bitcoin Trust

New schools funded by Bitcoin profits will help to expand crypto education in the Central American nation.

CointelegraphMartin Young

DeFi protocol bZx compromised: $55 million stolen in private key leak

DeFi lending protocol bZx has been compromised for the fourth time, this time losing a total haul of $55 million.

The BlockOsato Avan-Nomayo

Animoca’s Blockchain Game Unit Raises $93 Million From SoftBank Amid Race To Build Metaverse

The Sandbox, a Hong Kong-based blockchain gaming platform owned by Animoca Brands, has raised more than $90 million in a funding round led by SoftBank Group.

ForbesZinnia Lee

Republic Is Bringing Music Investing to the Masses with Artists Lil Pump + KSHMR through Security NFTs with Opulous

/PRNewswire/ -- Republic, a leading investment platform, announced today that they will begin hosting opportunities to invest in music royalties through their...

PR NewswireRepublic

Robinhood security breach compromised data of 7 million users

Robinhood has revealed that it experienced a security breach incident on November 3rd, which exposed the data of as many as 7 million users.

Yahoo NewsMariella Moon

Markets

Crypto Charts 45

BitcoinBitcoin Short Term ChartThe move above 63′706 indicated that a larger corrective triangle is underway.We can count 5 waves up since the wave 4 low and a move back through 65′200 should see an acceleration to the down side. I am sticking with an expected correction lower with daily momentu…

The AssetsRayan Khan

Crypto markets tag $3T combined market cap for first time

The combined capitalization of digital assets pushed above $3 trillion for the first time on Nov. 8, according to CoinGecko.

CointelegraphSamuel Haig

‘Clear skies’ for Bitcoin price discovery if giant $70K BTC sell-wall is scaled

Bitcoin pauses its latest price surge near $68,000 with BTC sellers waiting.

CointelegraphWilliam Suberg

Analysts say ‘impulse move’ could send Ethereum price into the $6K to $14K range

Analysts say ETH’s breakout to a new all-time high is just the beginning and one 2017-era fractal pattern targets a $14,000 Ethereum price in the near future.

CointelegraphJordan Finneseth

Regulation

House passes $1T infrastructure bill with crypto tax for Biden’s approval

The infrastructure bill intends to treat the crypto community’s software developers, transaction validators and node operators as the brokers of the traditional institutions.

CointelegraphArijit Sarkar

Huobi Group is moving to Gibraltar following China crackdown

The Gibraltar Financial Services Authority has granted Huobi Global a distributed ledger technology license.

CointelegraphArnold Kirimi

Australia’s CBA offers crypto trading, breaks ranks with industry

Commonwealth Bank of Australia <a href=“https://www.reuters.com/companies/CBA.AX” target=“_blank”>(CBA.AX)</a> will become the country’s first main-street bank to offer a platform for retail customers to trade cryptocurrencies, breaking industry ranks as it looks to match offerings from rival fintec…

ReutersPaulina Duran

10% of China’s population have opened digital yuan wallets, per PBoC

The number of users of China’s central bank digital currency has increased by more than six times over the past four months.

The BlockWolfie Zhao

Miami Mayor Francis Suarez says he’ll take next paycheck in bitcoin

n September, Suarez expressed hope that MiamiCoin, a new crypto project that launched in August, could support the city while eliminating the need for residents to pay taxes.

New York PostWill Feuer

Opinions

Bank of America COO Says He’s Come Around to Idea of Bitcoin Being Store of Value: Report

The chief operating officer of Bank of America is now reportedly open to the idea that Bitcoin (BTC) could be a store of value asset. Market Insider reports

The Daily HodlDaily Hodl Staff

Billionaire Stan Druckenmiller Warns Crypto, Meme Stocks, Bonds Are in a Bubble: ‘This Bubble Is in Everything’ – Bitcoin News

Billionaire investor Stan Druckenmiller has warned that everything is in a bubble, mentioning cryptocurrency, meme stocks, equities, and bonds in particular. “This bubble is in everything, every asset on the planet,” Druckenmiller stressed.

Bitcoin NewsMarkets and Prices

Podcasts / Readings

Kraken Intelligence’s October 2021 Market Recap & Outlook Report

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