Decentralized exchanges near $100 billion in monthly volume for November
According to The Block’s Data Dashboard, the total volume for November is approximately $99.5 billion as of November 28. Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly volume for November, reporting $47.37 billion and $24.07 billion, respectively.
UK digital services tax targets crypto exchanges
A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom.
Crypto exchanges in the UK will now have to pay a 2% digital services tax. Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments and therefore exchanges are not eligible for financial exemptions.
SAND rallies 83% in 1 week to become Top 50 Cryptocurrency
Popular Metaverse token SAND catapulted into the top fifty cryptocurrencies by market capitalization at number 32, after growing 83% in the last 7 days.
Travala.com partners with Dtravel to integrate TRVL
Travala.com, the world’s leading cryptocurrency-friendly online travel agency, and Dtravel, a decentralized home-sharing platform, announced a strategic partnership to integrate Dtravel’s TRVL token on the travel website’s platform.
The first halving for QTUM will be on Dec.1
QTUM halving, the process of halving the rewards of mining token after each block is mined, will be implemented on Dec.1.
By reducing rewards for miners and putting a hard limit on coin supply, the halving process has a deflationary effect and supports a rise in the coin price over the long-term.
Boba Network (BOBA) becomes the 2nd largest Ethereum Layer 2
According to data compiled by Ambcrypto, Boba Network, an Ethereum Layer 2 scaling & augmenting solution built by the Enya team, has surpassed dYdX to place itself in the #2 spot with $1.3 billion in TVL.
Germany’s new ruling coalition calls for ‘joint European supervision’ of crypto in ruling agreement
A trio of political parties in Germany struck an agreement this week that will see them assemble a national governing coalition. Part of that agreement includes a call for European countries to work together to monitor activities in the crypto sector.
The three parties pledged to provide a framework for fintech and an examination of a legal approach to issuing digital stocks in order to develop Fintech technology in the country.
El Salvador is building a $1 billion Bitcoin City
Nayib Bukele, the President of El Salvador, announced that the country will be building a Bitcoin City during the Latin American Bitcoin and Blockchain Conference. The city will be located in the country’s eastern La Union province, and partly financed by a $1 billion Bitcoin bond issued by Blockstream.
Adidas goes full Metaverse with Coinbase partnership
Adidas announced earlier this week that it has partnered with Coinbase, one of the largest cryptocurrency exchanges in the world. Coinbase partnership is part of Adidas’s strategy to gain a foothold in the Metaverse.
SHIBA INU plans to build Metaverse
SHIBA INU (SHIB), the 12th largest cryptocurrency by market cap and the most popular meme currency at the moment, announced that they will develop Play-to-Earn NFT games that would help the meme currency consequently transition into its Metaverse in 2022.