Day: November 18, 2021

World’s Largest Collector Car Auction House RM Sotheby’s to Accept Cryptocurrencies – Bitcoin News

On Wednesday, the world’s largest collector car auction house by total sales, RM Sotheby’s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm’s upcoming Guikas Collection sale on November 19 will be RM Sotheby’s first auction to accept digital currency payments for collectible automobiles. RM Sotheby’s Announces Crypto Payment Support via Bitpay While cryptocurrencies have increased significantly in value, a great number of businesses have turned toward accepting digital assets for goods and services payments. The company RM Sotheby’s is a classic car auction firm that’s located…

Eldrige leads Digital Currency Group’s maiden $600 million debt funding round

On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge. The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, “enhances DCG’s strategic, operational, and financial capabilities” by lowering its cost of capital and boosting the development of its investment portfolio and fully owned enterprises. Another US$600m for @LunoGlobal parentco @DCGco to help…

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Bitcoin Reaches Four-Week Low; Next Support at $53K

Bitcoin’s price retreat came amid a broad sell-off in cryptocurrency markets, with most members of the CoinDesk 20 digital assets trading in the red. Ether, the native cryptocurrency of the Ethereum blockchain and the second-largest overall, was down 4.2% over the past 24 hours, slipping below the key psychological level of $4,000 earlier Thursday. Source

$500M blockchain gaming proposal Game7 to come online with backing from industry veterans

As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures. Meanwhile, Forte Labs and Magnus proposed its creation. 1/ BIP-5 has passed! @Game7_Official will be established by a diverse group of gaming and technology industry veterans, and will help…

Bitcoin falls to a 1-month low after a 6% dive drops BTC price to $56.6K

Bitcoin (BTC) fell through key support levels on Nov. 18 in a fresh test of bulls’ resolve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Strong market-wide selling” hits Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abandoning the $58,400 support after multiple retests in previous days and at the time of writing, Bitcoin is trading at $57,800. Despite high volatility and challenging the $60,000 mark, within the past hour the price fell as low as $57,200 — its lowest since Oct. 15. “Strong market-wide selling is going on,” trader and…

Covesting Module Month In Review: November 2021

The month of November has been a volatile one, leading to new highs in both Bitcoin and top cryptocurrencies, as well as the stock market, but then almost immediately a shakeout. Now, the market is confused as to where things might turn next. Regardless of the direction, Covesting copy traders enjoyed another successful month in November. With the proper tools to take full advantage of the recent volatility, while most of the market suffered losses, Covesting strategy managers instead were able to pull in a few thousand percent in gains.…

Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger

Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC.  In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in the U.S. through a merger with 10X Capital Venture Acquisition Corp II. Though the terms of the deal are reportedly not yet finalized, the merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from the venture capital firm.…

Avalanche soars to new highs after Deloitte adoption — But risks emerge for AVAX price

Avalanche (AVAX) rose to a new price high on Nov. 18 and posted weekly gains after its developer, Ava Labs, entered a partnership with “Big Four” accountant firm Deloitte. The AVAX price reached a little over $110 after rising circa 16% week-to-date (WTD), with its circulated market cap hitting $23.76 billion, almost 0.93% of the total crypto market cap. In contrast, AVAX’s top rival tokens, including Bitcoin (BTC) and Ether (ETH), fell by over 13% and 12.50% WTD, respectively.  Top 15 crypto tokens and their performance in the past seven…