Cryptocurrency & Financial Markets News & Stats 13th Nov 2021

Today, I talk about the following:

1. Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents

2. OMG Network, the 77th largest cryptocurrency by market cap, dips 30% as exchange flows hit record highs after Boba Network's airdrop snapshot

3. In an interesting development, IoTex Foundation extended both financial and strategic support to PlaceWar. Making an announcement in this regard, PlaceWar said that it had received investment and strategic partnerships support from the IoTex

4. Discord CEO Walks Back Crypto Wallet Hint After Community Backlash. Just 3 days after hinting at a crypto integration, the CEO of Discord has walked back comments following outrage from the Discord community.https://decrypt.co/85816/discord-ceo-walks-back-crypto-wallet-hint-community-outrage

5. AMC Theatres debuts online Bitcoin payments after months of teasing. AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next.https://cointelegraph.com/news/amc-theatres-debuts-online-bitcoin-payments-after-months-of-teasing

6. · Two firms account for the majority of Tether received: Report. According to the report, issued USDT is primarily acquired by just two market makers. Between 2014 and October 2021, Alameda Research and Cumberland received a projected $60.3 billion in USDT, accounting for almost 55% of all outbound volume ever. According to Protos, the closest competitor minted a few hundred million USDT.https://cointelegraph.com/news/two-firms-account-for-the-majority-of-tether-received-report

7.The U.S. Securities and Exchange Commission has rejected a proposed effort to list a spot bitcoin exchange-traded fund.https://www.theblockcrypto.com/linked/124192/sec-rejects-vanecks-spot-bitcoin-etf?utm_source=twitter&utm_medium=social

8.FTX US is expanding its presence in Miami, Florida, where the crypto exchange has already established a firm foothold. The firm is building permanent office space for 16 to 18 employees in Miami’s financial district, according to a recent Bloomberg interview with FTX US’s vice president of business development, Avinash Dabir.

https://decrypt.co/85913/crypto-exchange-ftx-us-double-down-miami-presence

9.According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to $300 billion as a publicly traded company, considering its current trading volume and transaction fees. Data from CoinMarketCap shows Binance with a trading volume of more than $46 billion in the last 24 hours, making it the top-ranked exchange ahead of Coinbase at roughly $9.5 billion. The estimated valuation would also likely put it ahead of its U.S. competitor, which went into its initial public offering in April with an estimated valuation of $100 billion.https://cointelegraph.com/news/former-binance-execs-say-exchange-is-worth-300b-report

10.COINBASE ON THE EXCHANGE IS WORTH $346 – WHAT DO YOU THINK BINANCE IS WORTH MASSIVE 5 TIMES BIGGER THAN BINANCE

11. Bakkt has published its first quarterly financial report as a public company with the digital asset platform recording a $28.8 million net loss for the reporting period ended September 30, 2021. https://www.theblockcrypto.com/linked/124161/digital-asset-platform-bakkt-reports-28-8-million-net-loss-in-q3?utm_source=rss&utm_medium=rss

12· Playmaker, the leading sports media and talent management brand, announced the partnership between 2x NBA champion Mario Chalmers and 2CrazyNFT, a premier non-fungible token (NFT) platform designed for consumer accessibility and providing secure and unique ownership of selected collectibles. The NFT collaboration is the first of other upcoming Playmaker Athlete Partnerships. It features one of Mario Chalmer’s most iconic moments of his basketball career, NFT 3,000 in total, and several prizes of real value. https://www.cryptonewsz.com/nba-legend-mario-chalmers-signs-his-1st-huge-nft-deal/

13. Singapore-based Enjinstarter (EJS) has completed its Token Generation Exercise (TGE), raising a total of $500,000 via a collaborative fund raising effort over 4 launchpads namely Genesis Shards, Chainboost, Starter.xyz and Enjinstarter’s own launchpad. This followed a highly-successful, oversubscribed private sale that raised $5 Million from prominent Crypto VCs and highly influential angel investors from the Blockchain and Digital Assets industry.https://news.bitcoin.com/enjinstarter-announces-successful-completion-of-fundraising-and-pipeline-of-projects-for-november/

14. The NFL’s New England Patriots have signed with crypto fan token maker, Socios. The multi-year marketing partnership also includes MLS team the New England Revolution.https://decrypt.co/85949/new-england-patriots-ethereum-fan-token-platform-socios

15. Italy's national football team to launch blockchain fan token with Socios - Ledger Insights - enterprise blockchain

· Today Chiliz announced a partnership with the Italian Football Federation (FIGC) to launch a blockchain fan token for the nation’s team on Socios.com as well as a rewards app. The Italian team is the current UEFA Euro 2020 champion.

A fan token is similar to a cryptocurrency as opposed to non-fungible tokens (NFT) because the fan tokens are not unique.

· Socios has already launched fan tokens for many major soccer clubs such as Paris Saint-Germain (PSG), Manchester City and FC Barcelona. Famously, part of Lionel Messi’s contract with PSG was paid using fan tokens.

· According to Chiliz, Socios.com has generated more than $150 million in revenue this year from token sales.

Apart from benefiting from possible price gains (or drops), fan tokens enable access to voting, rewards, promotions and competitions

16. Cosmos, Solana Ventures Join $725M Series B for Crypto Gaming Platform Forte https://decrypt.co/85966/cosmos-solana-ventures-join-725m-series-b-crypto-gaming-platform-forte

17. Volatility , Social Media, Sentiment and more