VanEck Bitcoin futures ETF launches on CBOE
According to CBOE, VanEck’s Bitcoin Strategy ETF will start trading on CBOE under the ticker symbol XBTF on Tuesday (Nov. 16). VanEck’s new ETF is joining the growing number of BTC futures-based ETFs launched in the U.S., including the ProShares Bitcoin Strategy ETF (Oct. 19) and Valkyrie’s Bitcoin Strategy ETF (Oct. 22).
Bitcoin’s biggest upgrade in four years just happened
Bitcoin’s long-awaited Taproot upgrade, which is said to be the cryptocurrency’s biggest upgrade in four years, went live when the blockchain reached block 709,623 at 5:15 UTC on Sunday. The upgrade brings greater transaction privacy and efficiency.
Taproot introduces Schnorr signatures that can make more complex transactions on Bitcoin, such as those from multi-signature wallets, look like simple transactions. In practice, this will mean greater privacy for users, as they won’t have as much exposure on the blockchain.
Top 3 Loser DeFi Tokens
$LINK: – 10.89%
$FTM: – 10.19%
$GRT: – 9.98%
The DeFi market is currently going through a price correction. LINK witnessed the biggest correction with a drop of 10.89%, followed by FTM and GRT.
Crypto venture firm Paradigm announces $2.5B fund
The venture firm launched by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang now has $2.5 billion for placing bets on the next generation of leading crypto projects. This is the largest for a crypto fund at this time.
BTC seal a new ATH weekly candle
After tracking sideways most of the week, BTC/USD rose to the occasion in classic style to seal a new all-time high weekly candle, which took it to $65,500. Analysts suggested that this could be a bullish signal for BTC.
Animoca Brands unveils plans for K-pop NFT metaverse
Announced on Nov. 15, the partnership will see Animoca and Cube work together to create multimedia NFTs celebrating popular actors and K-pop musicians on Cube’s roster. The NFTs will feature images such as artist portraits and album art, and also include digital sound sources such as full-length albums.
SHIBA INU passes new record of 970,000 holders
The number of SHIBA INU holders comes even closer to the long-awaited number of one million holders in total. Specifically, 970,000 investors are keeping their funds in the memes-based token.
Crypto Exchange Gemini adds SHIBA INU support
Cryptocurrency exchange Gemini announced its support for the meme cryptocurrency SHIBA INU (SHIB). The exchange detailed: “SHIB, AUDIO, MASK, WCFG, QNT, RAD, ASH, RARE, FET, and NMR are now supported for deposits and custody on Gemini.”
Chiliz (CHZ) gains 170% after launching live in-game NFTs
Since hitting a low of $0.243 on Sept. 29 the price of CHZ spiked 171% to a daily high at $0.657 on Oct. 31 and recent developments are now pushing the price back towards the swing high.
Four reasons for the growing strength of CHZ include the launch of live in-game NFTs, recent exchange listings for CHZ as well as its newly released fan tokens and the protocol’s rapidly expanding ecosystem of partners.
At least 16% of Americans have owned crypto
A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket.