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Day: November 22, 2021

Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights

KEY POINTS Fintech firm MoonPay said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values the company at $3.4 billion. MoonPay lets users buy cryptocurrencies using conventional payment methods like credit cards. Cryptocurrency start-ups have raised record funding this year. It’s no surprise, then, that some …

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Singapore’s OCBC Bank Weighs Launching Crypto Services Amid Surge in Customer Interests

Overseas-Chinese Banking Corporation (OCBC) is considering launching a cryptocurrency exchange. The bank’s CEO, Helen Wong, told Bloomberg media outlets last Friday, November 19, about the development and said: “We are looking at it and seriously there are some work being done in the bank,” adding that the bank wants to address consumer needs “in a safe manner,” to …

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Bitcoin Black Friday: Bitpay Reveals List of Merchants Offering Discounts and Special Promotions

While cryptocurrencies have seen their values rise significantly during the last three months many digital asset holders will be spending their tokens for holiday gifts and Black Friday deals. Bitcoin Black Friday will be on November 26 this year and the crypto payments firm Bitpay has announced a slew of merchants that will offer deals …

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Metaverse Gaming, NFTs Could Account for 10% of Luxury Market by 2030: Morgan Stanley

The bank expects the NFT market to grow to around $300 billion by 2030. Although luxury brands don’t derive a lot of revenue from digital mediums right now, this could change soon, according to a research note from Morgan Stanley published last week. Metaverse gaming and NFTs could represent a 50 billion euro revenue opportunity …

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Animoca Brands raises $5M for NFT marketplace, Quidd

The big funding came via private sale, pre-sale, and the token’s IDO, which sold out in under an hour. Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO). The token sale took place on Polkadot project …

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HOW PROFIT AND LOSS SUPPLY METRICS CAN PREDICT BITCOIN PRICE RALLIES

As the most recent bitcoin price rally demonstrates, assessing on-chain data like bitcoin supply profit/loss metrics can be helpful for traders. On November 10, 2021, bitcoin hit its all-time high price of $69,000, per the Bitstamp exchange rate. It is truly an incredible event that BTC was able to climb so high, increasing the asset’s total …

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