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Ethereum Layer-Two TVL reaches All-Time High
November 22, 2021 – The total value locked (TVL) on Ethereum layer-two networks has surged to a new peak as gas fees continue to steadily rise driving further adoption… Arbitrum has the lion’s share of the layer two market with $2.67 billion locked up, or around 45% of the total. Read the report here. |
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El Salvador plans first ‘Bitcoin City’, backed by Bitcoin Bonds
November 22, 2021 – El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Read the report here. |
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Luxury NFT Market Could Hit $56B by 2030: Morgan Stanley
November 22, 2021 – By 2030, luxury brands could expand their total addressable market by more than 10% and industry earnings before interest and taxes (EBIT) by about 25%. Demand for NFT collectibles will lead to strong demand for luxury goods in the medium term, analysts led by Edward Stanley said in the report. Read the report here. |
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Fidelity Approved To Become Canada’s First Institutional Bitcoin Custodian
November 17, 2021 – The move paves the way for more Canadian institutions to invest in bitcoin, including pension funds, portfolio managers, mutual funds, and ETFs. Fidelity will launch its service in the form of a bitcoin trading and custody platform catered to institutional investors. Read the report here. |
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Nearly One-Third of Hedge Fund Managers Plan to Invest in Crypto: Ernst & Young
November 22, 2021 – Thirty-one percent of hedge fund managers, 24% of alternative investors, and 13% of private equity managers said they planned to add crypto to their portfolios in the next one to two years. Read the report here. |
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After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
November 19, 2021 – “This is a group of people that were strangers on Thursday, rallying together with a mission to buy a copy of the Constitution,” said Metaversal CEO Yossi Hasson in an interview with CoinDesk on Friday morning. Hasson was the DAO’s largest contributor at 1,000 ETH ($4.2 million). Read the report here. |