Crypto Headlines for Nov 29, 2021

  1. Bitcoin Latinum launches world’s first Bitcoin Enabled NFT platform in partnership with Unico NFT 

Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency, in partnership with Unico NFT, is launching an NFT marketplace that features thousands of digital artwork that can be bought and sold exclusively with Bitcoin (BTC) and Bitcoin Latinum (LTNM). This is the world’s first platform that enables the option of buying, selling and trading NFTs using cryptocurrencies other than Ethereum type currencies. Monsoon Blockchain, the blockchain development platform behind Bitcoin Latinum, has been trying to disrupt the crypto industry with innovative technological solutions.

A new, fast-spreading Covid-19 variant dubbed omicron has sent bitcoin, cryptocurrency and traditional markets into meltdown this week, with investors being warned to “be on guard.” Price of one tiny cryptocurrency, named omicron, is suddenly soaring, adding around 500% in the days since the World Health Organization named the new Covid-19 variant—recalling the sudden rise and fall of a scam Squid Game-inspired cryptocurrency last month. The bubbly cryptocurrency market—that can mean even larger and more established coins regularly record sudden, double-digit percentage gains and losses—often sees tiny cryptocurrencies rocket in value only to collapse a short time later.

Gemini, a privately held cryptocurrency exchange, announced on November 18 that it had secured $400 million in a financing round led by hedge fund Morgan Creek Digital, valuing the company at $7.1 billion. The cryptocurrency exchange was founded by twins Cameron and Tyler Winklevoss, who are known for their fight with Mark Zuckerberg over Facebook’s idea. Gemini Trust Co., LLC is the formal name of the company. Gemini offers its own currency, the Gemini dollar, which is a “stable coin” pegged to the US dollar, as well as a mobile app and a payment app.

The Black Friday shopping frenzy is in full swing, with today being the last day to take advantage of some of the finest offers available. The crypto Black Friday crashes include Bitcoin, Solana, and Ethereum. The world’s most popular digital coin happens to be “on-sale” for Black Friday deals. Bitcoin’s price began to plummet in the late hours of Thursday and persisted into the early hours of Friday. On Black Friday, it’s not just bitcoin that’s plummeting. Similar discounts are available on a number of other popular cryptocurrencies Ethereum and Solana.

One of the vulnerabilities of Ethereum is the high network fees and low transaction capacity of the blockchain. They prevent many startups from using Ethereum. This is a huge problem for bootstrapped blockchain startups, due to which other blockchains can take a pie of the market share – an opportunity in which blockchains like Solana, Cardano, Fantom and other blockchains are not missing out. CrossFi technologies that will give a new round for the development of the connection of cryptocurrency, blockchain and fiat, new opportunities for customers anywhere in the world.

Forte raised $725 million on the expectation that it will provide the building blocks for triple-A game companies to make NFT games. The Forte deal was announced this month not long after other NFT gaming companies have hit unicorn status (above $1 billion valuation) like Animoca Brands, Mythical Games, Dapper Labs, and Sky Mavis. Forte is supplying the picks and shovels for the NFT games Gold Rush, and that could make it something like the Unity game engine of NFTs. And that’s why big investors such as Sea, owner of Garena, which operates the huge free-to-play game Free Fire, came into the latest round. 

High gas fees on Ethereum have highlighted the urgent need for scaling solutions. While the scaling solutions of today have seen success, they suffer from problems with composability and decentralization. As the cost of using Ethereum increases, the need to scale the network has become more apparent than ever. Zero-Knowledge Rollup technology promises to lower gas fees without compromising on decentralization and security. Transaction fees also depend on the level of network congestion. As there is huge demand for Ethereum block space today, gas fees are also high.

An Australian technology start-up,, has announced that it will accept bitcoin at its second auction/tender of fancy pink diamonds originating from the recently closed Argyle diamond mine. Sotheby’s announced last week that it would accept bids in Ether (ETH) in the wake of receiving cryptocurrency for payment of US$10.3million for the sale of a 100-carat diamond. Christie’s recently sold non fungible tokens (NFT) for funky new digital art for staggering prices shocking the art establishment.

Social enterprise notjust has launched a cryptocurrency themed Christmas jumper, with 50% of profits from every sale being donated to charities in the UK supporting mental health. They feature the text “It’s Cryptmas” across the front, along with terminologies such as HODL, FUD as well as Bitcoin and Ethereum logos. The collection is made using recycled yarns destined for landfill. notjust says that all garments are “produced ethically with zero waste and the lowest carbon footprint in the UK”. The back of the knit features Santa riding a topsy, turvy crypto graph to the moon.

  1. The Sandbox Crypto Keeps Blowing Up. Is It Worth Buying?

The Sandbox’s native token (CRYPTO: SAND) has rallied over 600% since Facebook’s rebrand as Meta and 25% since Adidas appeared to confirm a partnership with it. The Sandbox is an ethereum based blockchain project which lets users play in a virtual world (kind of like Mindcraft), creating and exploring galaxies. Players complete tasks, such as making a certain material using other assets. They can also save their progress and put it on a public gallery (which is arguably where there is great potential for the world of NFTs to come in further).