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Reddit to reportedly Tokenize Karma Points and Onboard 500 Million New Users
November 06, 2021 – American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. “When we all pull this off, we would onboard 500 Million web2 users into web3 and then there is no going back…”. Read the report here. |
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Matter Labs scores $50M from a16z to bring zero-knowledge rollup scaling to Ethereum
November 08, 2021 – ‘…developers can earn the benefits of speedier and cheaper transactions without having to lose the security of the Ethereum ecosystem.’ These developer products reduce the traffic on the central Ethereum blockchain by offloading the hard work of processing transactions to efficient secondary chains that record data of transaction batches to the main Ethereum network. Read the report here. |
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Bitcoin Tops Record-Breaking $6.4 Billion in Institutional Money Inflows: CoinShares*
November 08, 2021 – Inflows to digital asset platforms hit $8.9B last week. There’s already been more institutional money invested in digital assets in 2021 than in all of 2020, according to a new report from CoinShares*. Read the report here. |
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Ethereum Name Service’s new Token already has a Fully Diluted Cap of $3.1B
November 09, 2021 – The Ethereum Name Service (ENS) launched its governance token, ENS, on Monday, which will be used to further the decentralization of the popular domain service for Ethereum wallets. The ENS token will be used to vote on a proposed constitution and govern protocol parameters. Read the report here. |
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Tim Cook says Apple is ‘looking at’ Crypto and that He has Invested in it
November 09, 2021 – “I think it’s reasonable to own it as part of a diversified portfolio,” he said. “I’ve been interested in it for a while.” The company does not have “immediate plans” to enter into the crypto market, but has been exploring its options, the chief executive said during a New York Times conference. Read the report here. |
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Crypto Market Cap Tops $3 Trillion as Bitcoin and Ether reach Record Highs
November 09, 2021 – The global crypto market cap has grown dramatically over the last year. In November 2020, the market cap was around $500 billion. As crypto continues to gain mainstream attention, its market cap has topped from $1 trillion in January 2021 to over $2 trillion in May 2021 to over $3 trillion currently. Read the report here. |
