Crypto Headlines Nov 3, 2021

     News Headlines (NOVEMBER 3rd, 2021)

The main reason Ohanian is an Ethereum enthusiast is that he sees the potential in non-fungible tokens (NFTs). NFTs are a type of digital collectible where the ownership and copyright information is coded into the item itself. More recently, Ohanian wore a CryptoPunk NFT to this year’s Met Gala. He tweeted, “Decided to bring a #Cryptopunk of my wife (that I bought for her) to the #MetGala.” Ohanian is a fan of a digital trading card game called SkyWeaver. Built on the blockchain, SkyWeaver players own the digital goods they buy in the game.

Actress Sunny Leone ventured into the NFT (non-fungible token) space after she made an announcement to enter the marketplace following in the footsteps of megastars Amitabh Bachchan and Rajinikanth.  The actress took the lead among the Indian actors to secure their digital assets when she broke the news of her association with NFT two months back. The actress announced her first collectible on Twitter as she tweeted, “MEET the MISFTIZ ! This is misfitz HONEY! She loves the color pink…boys with tattoos…and then eats them for lunch. What the world has been waiting for!!! #SUNNYLEONENFT collectibles. Check them all out on (sic.)”

Tokens associated with virtual reality games extended rally on Facebook’s recent championing of metaverse as the next evolution of social technology. Ether rose to $4,480 during the European hours, surpassing the previous peak price of $4,458 reached on Oct. 29, according to CoinDesk 20. Ether, the native cryptocurrency of Ethereum’s blockchain, refreshed record highs on Tuesday amid continued bullish flows in the options market. Ethereum-based virtual reality platform The Sandbox’s SAND token tapped record highs above $3, taking the seven-day gain to over 300%. Other gaming tokens like enjoin coin, lluvium’s ILV token also traded higher.

A relatively new cryptocurrency EverGrow was launched in September and has since gained more attention due to its unique Tokenomics. All EGC holders earn an 8 % bonus on each buy or sell transaction (in BUSD) automatically transferred to the holder’s account. The EverGrow Coin is also twice more rewarding than its closest rival. Each owner is rewarded with a more significant share of the benefits making it more lucrative for individuals. EverGrow Coin has exceeded 75,000 Holders and a Marketcap of $1.5 billion within a month since its launch.

The Polkadot network is a sharding, multichain protocol designed to facilitate cross-chain transfers of any data or asset type, and the project is focused on increasing interoperability between separate networks across the blockchain ecosystem. The rising strength of DOT is largely due to the upcoming launch of parachain auctions on the Polkadot protocol. Data from Cointelegraph Markets Pro and TradingView shows that momentum for Polkadot’s native DOT coin has been on the rise over the past couple of months, with its price rising 95% from a low of $26.05 on Sept. 29 to a new all-time high at $51.57 on Nov. 1.

Cybercriminals have always been quick to spot opportunity in new or of-the-moment technologies such as collaboration tools and virtual private networks. Both of these, along with cyberattacks, surged during the COVID-19 pandemic that forced companies around the world to send their employees home to work remotely. When Sotheby’s Metaverse launched last month, giving the auction house a sales platform for high-end nonfungible tokens (NFTs), Cisco Talos Head of Outreach Nick Biasini realized that the shared virtual reality had become a legitimate marketplace — and he says cybercriminals are taking note, too.

Burger King is looking to give away cryptocurrency as prizes to customers with a new Robinhood partnership launching Monday (Nov. 1), according to Coindesk. Most of them will likely receive dogecoin, Coindesk wrote, while one in 10,000 will get ether and one in 100,000 will get a whole bitcoin. For the next three weeks, Burger King Royal Perks loyalty members in the U.S. who spend over $5 on the Burger King app will get a coin from a pool of 20 bitcoin, 200 ether and 2 million dogecoin.

The cryptocurrency has jumped 340% in the past month. In the past 24 hours, Decentraland has risen 9% to $2.93, according to CoinMarketCap. The truth is Decentraland, which is a metaverse token, has Facebook to thank.This is because Facebook changed its name to Meta – aiming to “bring the metaverse to life.” The wild trading run sent the price of Decentraland to a new record of $4.69 on Saturday.Up until recent days, Decentraland had mostly traded under $1 since late May. Despite the unpredictability that lies ahead, many forecasters are currently bullish on MANA.

The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised $93 million from investors led by SoftBank’s Vision Fund 2, the company told Reuters on Monday. It has announced partnership with brands and celebrities, including rapper Snoop Dogg, who will create a digital replica of his mansion in the Sandbox’s metaverse. It also provides creators with ownership as NFTs and offers tools to create assets on the platform.

  1. How Nonprofits Can Create New Fundraising Potential with Fintech 

In recent years, nonprofits have found plenty of reasons to modernize their approach to donations beyond direct mail campaigns and in-person galas. Fintech is a broad term referring to emerging innovations in the way we pay for goods and manage our finances. These innovations represent a significant leap forward from dealing with cash, and have led to use cases in the nonprofit realm such as mobile point-of-sale systems and text-to-donate tools. One reason is that donors have gone digital. Thanks to trends like Giving Tuesday and to dedicated giving apps, the way the public interacts with nonprofits has changed.