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Crypto Weekly Roundup: ETH Hits ATH, SEC Rejects VanEck ETF, MiamiCoin Dividends, And More

Crypto Weekly Roundup: ETH Hits ATH, SEC Rejects VanEck ETF, MiamiCoin Dividends, And More

Ethereum hitting its all-time high this week could indicate a crypto bull rally, especially after BTC hit its ATH so recently. Let’s find out more about everything else that went down in the crypto and blockchain market this week. 

Ethereum

ETH hits an all-time high of $4762 on November 8. In the meantime, digital asset management company Bakkt Holdings said that they would include the coin in its client offerings.

Business

Multinational esports organization Team Liquid ventures into the world of cryptocurrency with a four-year partnership with crypto exchange Coinbase.

Socios has taken its first steps into the world of American Football and Soccer with a groundbreaking partnership with Kraft Sports + Entertainment’s New England Patriots and the New England Revolution. 

During a Reddit Talk session, billionaire entrepreneur Kevin O’Leary revealed that his portfolio now contains nearly 10% in crypto exposure.  

Blockchain gaming startup Forte has announced that it has raised $725 million in its latest Series B funding round, in one of the largest deals to have taken place in the digital asset space in 2021. 

Altcoins

Cardano And World Mobile Group’s African partnership is finally poised to pay dividends. 

Blockchain company Unizen and the DeFi incubator ZenX have announced they are building the DOGE-1, a satellite that will be launched aboard a SpaceX Falcon 9 rocket. 

Reddit co-founder Alexis Ohanian has announced that he will be contributing $100 million to building a social media platform on Solana. 

Technology

The team behind Brave Browser has announced that the privacy-focused browser would be integrating with the Solana blockchain to bring Solana-based decentralized applications (dApps) to the Brave browser. 

Regulation

The Securities and Exchange Commission (SEC) has announced that it has rejected VanEck’s Bitcoin ETF that was applied for back in March.

The Indonesian Ulema Council (MUI), the nation’s top Islamic scholars body, has officially declared cryptocurrency ‘haram’ or forbidden at the Ljtime Ulama Forum on Thursday.

Miami mayor Francis Suarez has announced that Miami will be the first US city to give its citizens BTCs as dividends due to the enormous success of MiamiCoin.

NFT

The Universal Music Group is creating a supergroup band called Kingship with four characters from the Bored Ape Yacht Club lineup. 

Multiple Vietnamese companies are eyeing the fast-growing blockchain gaming market and making their move by developing the next big blockchain game

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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