Crypto Headlines Nov 30, 2021

  1.  Bitcoin Latinum Brings the Metaverse to Miami 

Bitcoin Latinum, the insured, asset-backed cryptocurrency poised to revolutionize digital transactions is announcing its title sponsorship of the DCentral Miami Conference, taking place on November 30 to December 1, 2021 at the Miami Airport Convention Centre (MACC). The DCentral Conference is the largest in-person combined NFT and DeFi conference in history, and will open Art Basel, one of the biggest art events in the United States. DCentral Miami will host over 300 international speakers, celebrities, professional athletes, artists, and the world’s biggest crypto investors for talks across five stages such as the DeFi Summit stage by Bitcoin Latinum, NFTCON stage by Gala Games, and the 360 degree projection Metaverse Dome by Epik Prime and The Sandbox.

El Salvador’s plans to build the world’s first “Bitcoin City” and Adidas’s entry were the bright spots for digital assets in a week that saw major cryptocurrencies clobbered by fears over the new coronavirus variant Omicron. Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a notable dip buyer, while investors decided not to share Adidas’ excitement over a foray into the buzzy metaverse. Adidas’s move made waves after the German sportswear retailer said it was partnering with Coinbase Global Inc (COIN.O)in a tweet, although Adidas (ADSGn.DE) shares did not join that celebration.

Ether (ETH), the native cryptocurrency for the Ethereum Network, can be transferred exceptionally quickly and cheaply cross-chain using Umbria’s Narni Bridge – Users of Umbria’s cross-chain liquidity bridge can also earn a passive income from their $ETH through Narni’s ‘pool and earn. his feature enables participants to lend their assets to the bridge, that is become liquidity providers (LPs), to earn interest. LPs receive fees when other users bridge ETH between networks.

First up, Singapore based crypto exchange CoinStore has entered the Indian market despite the ongoing regulatory wrangle that points towards a ban on all private cryptocurrencies. Meanwhile, global markets were sent reeling by the discovery of the Omicron variant, and crypto was no exception. Investor confidence across various asset classes, including crypto was hit hard by the threat of more lockdowns and travel restrictions as a result of the identification of the new Omicron variant. For instance, one of the few coins to show steady growth over the past few days is Luna, the native token of the Terra blockchain, a protocol which uses fiat pegged stablecoins to power price stable payment systems. 

The owner of Italian built Benetti 52m superyacht VIANNE, a motor yacht fully equipped with a helipad and sky deck jacuzzi, has confirmed that for the sale of superyacht VIANNE, following a payment of 10 percent fiat (EUR/USD) deposit, the balance payment for the sale, in addition to fiat, can be paid in any major cryptocurrency including: BTC, ETH, DOGE, SOL, FTM, BNB and any top tier NFT including: Cryptopunks, BAYC Apes. On sale for EUR 8,900,000, VIANNE is a renowned steel hulled superyacht with aluminum superstructure built to ABS classification with exterior design by Stefano Natucci.

Studies predict that gaming, particularly the play-to-earn model (P2E), will grow by over 20% by 2022, with blockchain and crypto being the most suited technology and in-game money to support the business. While AXE and SAND are grabbing investor interest, here is a list of top and emerging blockchain gaming projects to keep an eye on! For example, JEDSTAR (JED) is a DeFi token in JEDSTAR DECO (Decentralized Ecosystem), the company will soon introduce its GameFi token $KRED.

The company has over 100 games in development that will use $KRED as an in-game currency and has partnered with other gaming developers and studios to provide their cryptocurrency as a service. 

Binance Chain is growing rapidly with over $15M transactions daily. Leading the way, Radio Caca, EverGrow Coin, and Cryptomines Ethernal are getting the most attention. The newly launched projects have more than 100M+ combined daily trading volume. Since its inception in May 2021, Radio Caca (RACA) has established itself as a leader in GameFi and Metaverse. Radio Caca non fungible token (NFT) releases are highly sought-after. Launched just 7 weeks ago, EverGrow Coin has already broken many previous crypto records. EverGrow Coin managed to achieve a $1B Marketcap, distributed more than $27 Million in BUSD rewards, and has more than 100,000 holders.

A Decentralized Autonomous Organization (DAO) Krause House raised the equivalent of $4 million in the cryptocurrency Ethereum (ETH) in six days through crowdfunding in the form of an NFT sale in its drive to buy an NBA team. Named after the late general manager of the Chicago Bulls, Jerry Krause, the Krause House DAO was formed by cryptocurrency fans earlier this May. Krause House launched its sale through the ‘Mirror’ platform and raised 200 Ethereum .in 15 minutes after announcing the plan to buy an NBA team.

Binance CEO Changpeng Zhao (often referred to as CZ), runs the world’s largest crypto exchange. He is also a controversial figure mostly due to Binance’s arms-length approach to regulation. For years CZ claimed that Binance had no headquarters, as a nod to Bitcoin’s decentralized nature. However, as the industry has grown and brought regulatory attention along with it, CZ is now changing his tune and actively embracing licensing and regulators. He is a billionaire, valued at $1.9 billion, ranked number 5 on Forbes’ Crypto Rich List, and one of the most followed and influential members of the industry.

  1. Why Cardano network activity is increasing and how it will affect ADA price 

Cardano price action has been uneventful in the past few weeks as the token continues to slide, creating lower lows. However, the protocol’s network activity has increased as a flurry of Dapps joins the blockchain. The cryptocurrency community has long pitted Cardano against Ethereum as competitors. Romain Pellerin, the chief technology officer at Input Output stated that Cardano would be “on par with Ethereum” once smart contracts were launched, with a reduced carbon footprint. Cardano price has proceeded with sliding further following the Alonzo hard fork, while the top two cryptocurrencies by market capitalization registered new  all-time highs in the past two months.