Crypto News Cast 📮 11-12-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2262 B
📊24h Mcap %: 47.22%
⚠️Bitcoin Dom: 40.90%
📌Active Coins: 6465
📍24h Vol %: 13.60%
💲24h Vol: $90 B
Crypto News Updates :
- Microsoft Organizes A $27M Funding Round Bet On Palm NFT Studio
- About 30% (A Third) Of Institutional Investors Are Currently Using DeFi
- Florida Governor Ron DeSantis Reveals That The State Government Welcomes Bitcoin
- Ross Ulbricht’s Debut NFT Auction Sell Off For $6.2 Million
- Polygon Set To Invest About 250M MATIC Into Zero-knowledge Tech
- Number Of Cardano-Based Smart Contracts Strikes Milestone Target Of 888
- Pepsi Announces Plans To Launch A Collection Of NFT Next Week
- Bitcoin Active Addresses Makes Recovery Above 1 Million After Crash
- White Castle Enters The Crypto Space Through Scoops Ethereum Name
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– Microsoft Organizes A $27M Funding Round Bet On Palm NFT Studio
Microsoft’s venture arm is organizing a $27 million bet on NFT studio Palm, with a primary target in the issue of scaling the company’s operations with a series of new hires, according to a representative of the studio told CoinDesk. Also, Palm works with companies and brands in order to assist them in building NFT projects, using Ethereum on the backend, just like the type of blockchain service that Microsoft and its M12 Venture Fund sees potential. Read Full on coindesk.
– About 30% (A Third) Of Institutional Investors Are Currently Using DeFi
New global research from market-leading digital institutional investment platform VALK reveals strong adoption by institutional investors of Decentralized Finance (DeFi). The study reveals that among 100 professional investors working for institutional investors in eight major economies, particularly for institutions holding over $1 trillion in assets under management in total, only 30% of those investing in digital assets are currently using DeFi. Read Full on Finbold.
– Florida Governor Ron DeSantis Reveals That The State Government Welcomes Bitcoin
Reports revealed that Florida Governor Ron DeSantis has proposed programs in order to make his state friendlier to Bitcoin innovation and technology. Also, The governor’s program also gives Miami Mayor Francis Suarez state-level support through adding to the previous aid received at the county level. So, According to Bloomberg report, DeSantis states the view as the state government is that it’s a welcomed move. Read Full on Bitcoin Magazine.
– Ross Ulbricht’s Debut NFT Auction Sell Off For $6.2 Million
Immediately after the launch of his “Genesis Collection” nonfungible token (NFT) auction, Ross Ulbricht, the alleged founder of dark web marketplace Silk Road sells off his first NFT for $6.2 million or 1,446 Ether (ETH) at auction. The auction started off at Art Basel Miami through the SuperRare platform. FreeRossDAO is the decentralized autonomous organization trying to free Ulbricht from imprisonment, thereby placing the winning bid. Read Full on cointelegraph.
– Polygon Set To Invest About 250M MATIC Into Zero-knowledge Tech
Ethereum scaling solution Polygon in a recent announcement, reveals plans to bring out a maximum of 250 million MATIC tokens ($627.5 million) to strike a deal with zero-knowledge cryptography startup Mir. The Zero-knowledge algorithm activates external validators to confirm encrypted transactions or documents without needing to expose the sensitive information hidden underneath. Also, It makes use of complex decentralized finance applications.Read Full oncointelegraph.
– Number Of Cardano-Based Smart Contracts Strikes Milestone Target Of 888
The recent upgrade on the Cardano network, whereby smart contract functionalities were initiated, has recorded a notable and remarkable growth in a sector that is increasing the platform’s competitiveness with the bigger rival Ethereum. As of December 8th, the number of smart contracts based on Plutus, a Cardano-based smart contracts platform, recorded it hitting a milestone of 888, according to data by Cardano Foundation. Read Full on Finbold.
– Pepsi Announces Plans To Launch A Collection Of NFT Next Week
Soft drink manufacturer Pepsi, under its parent company PepsiCo in a recent Twitter announcement revealed that it will be releasing a collection of 1,893 non-fungible tokens (NFTs) on December 14. The NFT collection will only be available for individuals on their waiting list, opening on December 10th. This will comprise of the first 1,893 people and they’ll be eligible to mint a Pepsi NFT on December 14th. Read Full on theblockcrypto.
– Bitcoin Active Addresses Makes Recovery Above 1 Million After Crash
The number of bitcoin active addresses after declining from the September market crash picked up again in October. Also in December, another crash sees the market sending addresses number dropping below the 1M mark throughout November. It even maintained this position even during bull rallies. Despite the red trends in the market, the first week of December is showing good signs with massive recovery above the 1M mark. Read Full on NewsBTC.
– White Castle Enters The Crypto Space Through Scoops Ethereum Name
Top and Popular American fast-food chain White Castle has Announced through Twitter that it had just registered with the Ethereum Name Service (ENS), which has many times been compared to the crypto version of the Internet’s Domain Name System (DNS). This means that instead of a string of numbers and letters, people can now hypothetically send cryptocurrencies to the address “whitecastleofficial.eth.” Read Full on.
