🗞 Daily Crypto News & Video November, 30th💰

in hive-126009 •  2 months ago 

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.

Enjoy!

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🗞 Despite 12% Crash, Bitcoin Looks Set to Make Highest Monthly Close Ever

Despite the sharp pullback last week, bitcoin looks on track to post its highest-ever monthly price close.

The number one cryptocurrency by market value fell by over $3,000 to $16,242 on Nov. 26, clearing out excess leverage from the derivatives market. The dip was short-lived and prices have recovered more than 50% of the pullback in the days since.

History to repeat itself?

Analysts are optimistic about the ongoing bull market’s longevity, with some pointing to $36,000 as the level to watch once the immediate psychological resistance at $20,000 is scaled.

“People have been saying institutions will get into crypto for years, but it seems that this year, they already are,” crypto exchange EQUOS noted in its daily bitcoin analysis email. “There’s plenty more to join, of course, and the amount of funds along with the immutable scarcity of bitcoin will be felt in a very strong way.”

🗞 $275bn+ Hedge Fund Guggenheim Considers $500 million Bitcoin Investment

  • Guggenheim Partners filed a note to the SEC Friday saying it would reserve the right to put 10%—up to $500 million—of its Macro Opportunities Fund in
  • Bitcoin via the Grayscale Bitcoin Trust.
  • It’s the latest traditional investment firm to eye up the currency.
    But the firm did note the risks involved.

Global investment firm Guggenheim Partners is considering investing hundreds of millions of dollars in a Bitcoin trust.

The firm on Friday made a filing to the US Securities and Exchange Commission saying that it would reserve the right for its $5.3 billion Macro Opportunities Fund to put 10% of its net asset value in the cryptocurrency via the Grayscale Bitcoin Trust.

“Cryptocurrency is a new technological innovation with a limited history; it is a highly speculative asset and future regulatory actions or policies may limit, perhaps to a materially adverse extent, the value of the Fund’s indirect investment in cryptocurrency and the ability to exchange a cryptocurrency or utilize it for payments.”

🗞 Pizza Hut Now Accepts Bitcoin, Ethereum in Venezuela

Thanks to a partnership with Cryptobuyer, Pizza Hut’s customers in Venezuela can now pay for their food using Bitcoin, Ethereum, and other cryptocurrencies.

  • Pizza Hut restaurants in Venezuela now support cryptocurrency payments.
  • This is a result of a partnership between Pizza Hut and crypto payments processor Cryptobuyer.
  • The firm's point-of-sale solution supports Bitcoin, Binance Coin, Dash, DAI, Ethereum, Litecoin, Tether, and XPT.

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🗞 The future of gambling? Hamster-powered marble races come to Ethereum

After just over two years of development, on Sunday a new form of gambling will be released to the Ethereum world on mainnet: hamster-powered marble races.

Powered by Mia, a female djungarian or “winter white dwarf” hamster and her trusty hamster wheel, the project, dubbed “Mia & the Marbles,” is an automated marble-racing and gambling platform from a group of independent developers.

While the concept behind the project may seem… whimsical, in an interview with Cointelegraph the development team for ‘M&M’ revealed how carefully the racing platform has been thought out.

“We always loved the idea of blockchain gambling projects. But unfortunately, scams are not uncommon in the low-regulated crypto space,” the team said. “So we were brainstorming ideas with the goal to make the provable fairness component easy to understand for anyone, while also being fun at the same time!”

🗞 Daily Crypto Calendar, November, 30th💰

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  • Swipe (SXP)

Swipe X released by end of November.

  • MultiVAC (MTV)

"[Reminding] Mainnet is coming in this month, testnet and mining activity has been stopped."

  • Loopring (LRC)

"Mobile app is coming soon."

  • Sentivate (SNTVT)

Open Beta

  • QLC Chain (QLC)

"This update lays the groundwork that will support our own DEX which is planned for release sometime mid-November and currently enables..."

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