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Nike & Microsoft Rush Into Metaverse, Thai Banking Giant Goes Crypto + More News

Get your every day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying below the radar of right now’s crypto information.

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Metaverse information

  • Nike Inc. desires to trademark its model for numerous digital items within the US, together with footwear and clothes, submitting 4 requests with the US Patent and Trademark Workplace to guard its marks in classes together with “downloadable digital items” and associated companies for retail shops and leisure, Bloomberg reported. The large has additionally posted a job itemizing for a Digital Materials Designer place, who must “create and visualize probably the most subtle and revolutionary digital materials ideas on the planet.”
  • Microsoft is testing a brand new model of its Groups chat and conferencing program that options digital avatars, Bloomberg reported, including that the brand new product shall be accessible within the first half of 2022. Prospects will have the ability to share Workplace recordsdata and options, like PowerPoint decks, within the digital world, per the report.

Exchanges information 

  • The Siam Business Financial institution Public Firm Restricted said that the board of administrators of SCB Securities Co. permitted the acquisition of a 51% stake in Bitkub On-line Co., a Thailand-focused crypto trade, for THB 17.85bn (USD 537m). “For the interval of Jan – Sep 2021, Bitkub reported a complete buying and selling quantity of the digital belongings of roughly THB 1.03trn to the SEC, representing a market share of roughly 92%. For a similar interval, Bitkub had complete income of THB 3,279m and internet revenue of THB 1,533m,” the financial institution stated, including that it expects to shut the deal by the primary quarter of 2022.
  • Coinbase is the best-positioned crypto-related firm to profit from the trade’s hovering development with the potential of reaching USD 49.2bn in income exiting 2025, Hayden Capital said in a memo. Beneath a extra conservative crypto market capitalization estimate of USD 3.4trn, the agency would greater than double revenues to USD 21.3bn by 2025.
  • KuCoin announced the launch of KuCoin Fiat Account, granting world customers the entry to deposit USD to KuCoin utilizing a credit score or debit credit score and buy main cryptoassets. The account will add help for different fiat currencies sooner or later, they stated.
  • BitMEX announced they’ve now offset emissions brought on by all bitcoin (BTC) transactions to and from their platform. This was performed by buying 7,110 tonnes of CO2 credit, value USD 100,000, which ought to cowl their emissions from their servers for subsequent yr as effectively. they added.

Investments information

  • Derivatives market CME Group announced it’ll increase its crypto derivatives choices with the introduction of Micro Ether futures on December 6, pending regulatory evaluate. The instrument would be the dimension of one-tenth of ethereurm (ETH) and shall be cash-settled.
  • The US Securities and Alternate Fee (SEC) has delayed its resolution on approving Valkyrie’s proposed bitcoin exchange-traded fund for January seventh, 2022. They cited the necessity for “enough time to contemplate the proposed rule change and the problems raised within the remark letters which were submitted” as the rationale for the delay.
  • Non-fungible token (NFT) metaverse platform The Sandbox announced it has raised USD 93m in its Sequence B fundraising spherical led by SoftBank Imaginative and prescient Fund 2. The funding will fund their enlargement past gaming into different ecosystems, they added.

Adoption information

  • Prospects Financial institution, the USD 19.1bn subsidiary of Prospects Bancorp, said it launched a partial listing of inaugural institutional crypto shoppers, similar to Genesis International Buying and selling, Blockfills, GSR, and SFOX.
  • Aaron Rodgers, quarterback of American soccer workforce Inexperienced Bay Packers, said that he’s teaming up with Money App to transform a portion of his wage into bitcoin. He additionally stated he’s giving out a complete of USD 1m in tokens to make bitcoin extra accessible to his followers.

Mining information

  • Bitcoin mining firm Genesis Digital Belongings has announced a brand new self-hosted industrial-scale Bitcoin mining knowledge middle in West Texas, with a capability of 300 megawatts and vitality being sourced from ERCOT. As of October 2021, Genesis Digital Belongings’ knowledge middle capability is at over 170 megawatts, translating into a complete hashrate exceeding 3.8 exahashes (EH/s).
  • Compass Mining, a US-based on-line market for Bitcoin mining {hardware} and internet hosting, introduced an settlement with Pink Jar Digital Infrastructure, a internet hosting infrastructure firm based and managed by vitality and infrastructure veterans, for a brand new Canada-based internet hosting facility powered by 95% clear vitality. The Ontario facility shall be collectively managed by Compass and RJDI and can characteristic as much as 140 MW of further capability for Compass’ userbase, a rise over the Firm’s present 30 MW of complete capability, the corporate said.
     

CBDCs information

  • The pockets for the Nigerian central financial institution digital foreign money (CBDC), the e-Naira, has disappeared round 48 hours after its launch and after being downloaded by greater than 100,000 customers, The Nation reported. Nevertheless, a spokesman of the nation’s central financial institution stated that the app was faraway from the platform to facilitate its improve, per the report.

Altcoins information

  • The Ethereum Title Service (ENS) announced that it’s going to launch a governance token and settle for delegate purposes. The governance token shall be used to vote on choices, both by delegating governance tokens to oneself for voting rights, or by delegating tokens to extra energetic challenge members, and the token declare course of shall be opened on Monday, November eighth.

Profession information

  • West Realm Shires Companies Inc., the operator of the FTX US crypto trade, announced that former US Commodity Futures Buying and selling Fee commissioner Mark Wetjen has joined the corporate to steer its public affairs efforts as Head of Coverage and Regulatory Technique.

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