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Crypto Weekly Roundup: El Salvador BTC Holdings, Altair Upgrade, First ODL In Middle-East, Disney NFTs, And More

Crypto Weekly Roundup: El Salvador BTC Holdings, Altair Upgrade, First ODL In Middle-East, Disney NFTs, And More

Following the resurgence of Bitcoin a couple of weeks ago, investments have climbed up, as more and more organizations and entities are buying and holding BTCs as a part of their investment strategy. So let’s dive deeper into the top headlines on Bitcoin and other cryptocurrencies from last week. 

Bitcoin

El Salvador President Nayib Bukele announced on Twitter that the country had added 420 more BTC during the dip, pushing up the total BTC under management to 1120. 

Crypto investment firm, MicroStrategy, continues increasing its bitcoin holdings as part of its corporate strategy by purchasing 8,957 BTCs in Q3 of 2021. 

A recent survey shows that despite being energy-intensive, the global BTC mining industry is powered by a higher mix of sustainable energy than any major country or industry.

Ethereum

The Ethereum Network gets one step closer to its Ethereum 2.0 upgrade with the launch of the Altair Upgrade to the Beacon Chain on October 27. 

DeFi

DeFi protocol Cream Finance hacked for millions of dollars worth of Cream Liquidity pool tokens and ERC-20 tokens. 

NEAR Protocol announced that it was launching an $800 million funding initiative to finance the growth and development of the NEAR ecosystem.

Altcoins

After successful Alonzo deployment, Cardano gears up for the Babbage era by planning performance improvements, language upgrades, and further decentralization.

Inspired by the hugely popular Korean series of the same name, the new blockchain-based Squid Game has rocketed since its launch only a few days ago.  

Business

The leading crypto company, Crypto.com, has roped in award-winning actor and producer Matt Damon as its latest celebrity crypto backer.

Blockchain service provider Ripple and blockchain-based financial company Pyypl have announced the first-of-its-kind On-Demand Liquidity (ODL) service in the Middle East.

Mastercard is preparing to expand its crypto services that will enable any of its merchants or banks to integrate crypto into their products.

Regulation

US Senator Ted Cruz has revealed that he, and other Republican party members from Texas, would like to see the state become the center of the cryptocurrency universe.

A Federal official has stated that banks should be allowed to hold cryptocurrencies such as Bitcoin both for themselves and their clients. 

NFT

The new Disney NFT collection, in collaboration with VeVe Marketplace, has been announced to be launching on Disney+ Day on November 12. 

Adobe has announced that it is partnering with top NFT marketplaces OpenSea, KnownOrigin, Rarible, and SuperRare, to launch an NFT-making feature on Adobe Photoshop.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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