Daily news update: November 23rd, 2021

100, daily

Crypto market update

Bitcoin is cointinuing with its decrease today and is currently trading around $55,900 according to CoinGecko data. The largest cryptocurrency by market value attempted to break through on Monday, crossing the $59,000 mark, but the rally was not successful and BTC fell back. Ethereum is trading also at lower levels of $4,100 from its Nov. 10 all-time high of $4,878. But despite all the recent crypto price corrections, crypto investment products are reporting inflows, meaning that the larger investors are buying the current dip.

Bitcoin (BTC) is now trading at 55,905 USD (all data from Coingecko.com)

Ethereum (ETH) is now for 4,108 USD

PlatonCoin (PLTC) is now for 0,395 USD

Total marketcap is currently at 2.647 trillion USD

Daily news update

Edward Snowden and Bitcoin: Whistleblower Edward Snowden admitted that Bitcoin helped him to uncover massive and undue spying of the public by the National Security Agency and CIA in 2013. Snowden was responding to concerns by some bitcoiners who feel he isn’t well acquainted with the cryptocurrency conception and the upsets that he is always fronting Bitcoin. He goes ahead to reveal that people with a secret financial interest in CBDCs sometimes do smear campaigns against Bitcoin.

Martha Steward and NFT: Martha Stewart has had a storied career as a magazine editor-in-chief, TV personality and home goods expert, putting her brand name on everything from pots and pans to outerwear and a sold-out Halloween NFT collection last month. Now, Stewart, whom a press release touts was crowned “Queen of Thanksgiving” by Time Magazine, is back to launch 100 NFT images and an animated NFT called “The First Thanksgiving ‘remembering 1994.”

Citi and crypto: Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people.

American football and Bitcoin: A week after the announcement that the famed Staples Center in Los Angeles will be renamed the Crypto.com Arena, the city plays host to another landmark crypto event, as Odell Beckham Jr., player for the NFL team the L.A. Rams, has announced he will receive his US$4.25 million salary for the 2021-22 season in Bitcoin.

Tolkien and tokens: The Tolkien Estate had reached a settlement with Florida-based developer Matthew Jensen over his JRR Token, which was launched in August this year. According to BSCScan, the BEP-20 token is only held by 510 addresses, with a market supply of 19 trillion. According to the settlement, Jensen promised to shut down the token and delete any content which infringes the estate’s trademark rights to the J.R.R. Tolkien name and intellectual property relating to “The Lord of the Rings” and “The Hobbit.” He also agreed to pay the estate’s legal costs, which weren’t disclosed.

South Korea and NFTs: South Korea’s Financial Services Commission (FSC) says some NFTs (non-fungible tokens) will be taxed from next year, overturning the finance minister’s stance on the topic announced just last month. The scope of taxable NFTs is yet to be determined by the tax authorities.

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