Quote of the week: “Everyone’s hearing about Ethereum in ways that have never happened before because of NFTs. People get excited by NFTs,”- David Hoffman, ‘Bankless’ podcast host. Source: https://finance.yahoo.com/news/ethereum-spikes-as-some-crypto-investors-hunt-metaverse-money-150229934.html
Ethereum Update: This past week, Ethereum has been on a bull run, reaching an all-time high. After dropping to $1,780 in July, ETH has gained almost 147% to date. ETH reached a new record high of $4,523, which came days after Altair upgraded to the Ethereum network.
New York City Looking to Top Miami as a Crypto & Blockchain Hub: The incoming New York City Mayor, Eric Adams is planning to transform New York City into a cryptocurrency and blockchain hub. On November 4, Mayor Adams said he will take his first three paychecks in Bitcoin when he takes office. Source:
Altcoin Update: Shiba Inu: The value of Shiba Inu decreased on November 4, after a billionaire whale moved $2.3 billion worth of SHIB into four wallets in four transactions. Some investors are worried that this investor is getting ready to sell their coins, which would result in a substantial price plunge.
Cryptocurrency Mass Adoption: Real Estate: Contracoin is a new coin created for the purpose of eliminating barriers to entry in the real estate market through the use of blockchain technology. Contracoin will allow users to search from a list of real estate properties from ample global markets with integration through existing real estate portals. Investors and users can then create complete portfolios using Contracoin tokens. Source: https://cointelegraph.com/news/blockchain-platform-eliminates-barriers-to-international-real-estate-investments-with-new-cryptocurrency-token
TradeStation is Going Public Via SPAC: Online trading brokerage company TradeStation is going public in combination with Quantum FinTech Acquisition Corporation (QFTA) via a SPAC. The SPAC is expected to close in the first half of 2020 and TradeStation will be listed on the New York Stock Exchange under the ticker “TRDE.” Source: https://www.coindesk.com/business/2021/11/04/online-broker-tradestation-going-public-via-143b-spac-merger/
And, that’s a wrap!