Mask Network price jumped 60% as crypto market bled
Binance announced it would launch the Bluebird Index perpetual contracts with up to 25x leverage. The index will comprise Binance Coin (BNB), Dogecoin (DOGE), and Mask Network (MASK).
While there hasn’t been a noticeable effect in the price of BNB or DOGE, the Mask Network price has pumped by 65% right after the announcement, leading to a high of $4.12. MASK is now trading at $5.17.
Federal Reserve hikes rates as expected, Bitcoin rises
The U.S. Federal Reserve on Wednesday raised interest rates by 75 basis points (0.75 percentage point) to a range of 3.75% to 4%. However, Fed Chair Jerome Powell said that the Fed could ease off of its three-quarters-point hike pace in December or January.
Following the above news, Bitcoin fell to $20,048 before recovering slightly and trading in the $20,100 – $20,300 range in the hours that followed.
79% of American adults say U.S. needs clearer crypto regulations
According to a survey conducted by The Harris Poll, 79% of respondents believe the U.S. should provide clearer crypto regulations.
53% said they see crypto as the “future of finance.” Approximately one-fifth of people surveyed said they own cryptocurrencies like Bitcoin, Ethereum, Dogecoin or USDC as an asset or investment tool, while 6% said they owned NFTs.
Bitcoin hashrate hits all-time high as Bitcoin holds above $20k
Bitcoin’s hashrate has hit a new all-time high of 331EH/s, according to data from Glassnode.
While the increase in hashrate has made the network more secure, it also results in higher costs for mining Bitcoin. A higher hashrate means a higher network difficulty and, thus, a reduction in the BTC generated per kW of energy.
South Korean regulators aim to toughen crypto fraud punishments
In the aftermath of the Terra collapse, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry.
According to local media, the Financial Services Commission (FSC) and the National Assembly are working to pass a bill that would enable financial authorities to monitor and punish unfair trade practices such as the use of undisclosed information and price manipulation.
Find Satoshi Lab, creators of STEPN, launch NFT marketplace, MOOAR
Find Satoshi Lab (FSL), the creators of STEPN, announced the launch of Mooar, a multichain nonfungible token (NFT) marketplace. Mooar is currently available on Solana and Ethereum.
This is the third project to launch within the Find Satoshi Lab ecosystem after STEPN, a lifestyle fitness app, and DOOAR, a decentralized exchange (DEX). Mooar will bring additional utility to the ecosystem’s native GMT token as token holders can use it for voting privileges under Mooar’s launchpad.
Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app
Global digital peer-to-peer payments company MoneyGram announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold cryptocurrency, specifically Bitcoin, Ethereum and Litecoin via its MoneyGram mobile app.
MoneyGram shared that this crypto addition to its app was made possible through its partnership with licensed crypto exchange and API-driven crypto-as-a-service provider, Coinme.
Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, noted that the digital yuan is being positioned as an alternative to cash in China, a country with a robust digital payment infrastructure.
Yi promised that data will be encrypted and stored and, personal sensitive information would be anonymized and not shared with third parties.
India rolls out its digital rupee (CBDC) pilot
In October, the Reserve Bank of India (RBI) revealed that it would launch Digital Rupee, a wholesale CBDC pilot starting November 1.
Earlier today, India’s central bank kickstarted its pilot program for its CBDC. Through this, certain banks were allowed to employ the asset for settling second-market transactions in government securities.
DBS launches programmable money live pilot for Singapore government vouchers
Singaporean multinational banking firm, DBS, has partnered with Open Government Product (OGP) to unveil the pilot of purpose-bound money-based vouchers.
In its Monday press release, the banking leader said issuing those vouchers would be done on a blockchain using tokenized Singapore dollars. As per reports, this will help enhance live transactions with numerous merchants.