Weekly Crypto Market News Round Up (OCT 25-31)

weekly crypto news round up oct 25 to nov 1

The crypto space is now getting better compared to its performance in the past months. This performance of the crypto world attracts the attention of many investors inside and outside the crypto world. With this, we can say that this month is truly the moonvember. 

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Of course, let us not forget the contribution of Bitcoin, altcoins and other projects in the crypto world. Without them, it will not be possible for the crypto space to have its bullish position nowadays.

In this CryptoNewsLand article we will discuss most of the highlights that happened in the crypto world in the past seven days. So, without further ado, here is the hottest news in the crypto world that you might have missed this week.

Cosmos to Give Away $1M at HackAtom VI

Blockchain ecosystem Cosmos announced that $1 million worth of ATOM are up for grabs at the sixth edition of HackAtom. Registrations are now open. 

The Cosmos hackathon will happen from November 11 until December 8. According to the official website, this will be held virtually, although the opening ceremony will be in Lisbon.

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Bitcoin in Exchanges at 3-Year Low as Whitepaper on 13th Year

The total amount of bitcoins that are circulating among cryptocurrency exchanges is at a 3-year low. According to blockchain analytics platform Arcane Research, the number of bitcoins at the time of posting are less than 2.5 million.

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Heavy Metal Magazine Joins Ethernity Chain, Boosts NFT Adoption

Heavy Metal, an American science fiction, and fantasy comic magazine is now on fire as they hit the crypto world with their NFT collections. In detail, Heavy Metal fans can now check and buy their favorite Heavy Metal NFT collections using the technology of the Ethernity Chain (ERN).

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Dogecoin Vs Shiba Inu: Two Meme Coins Fight for Dominance

The crypto space has gone bollocks, as some would suggest, as two of the most popular meme coins Dogecoin and Shiba Inu battle for dominance.

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Disney Joins NFT Craze Through Partnership With VeVe

In celebration of its first Disney+ Day, Disney has joined the non-fungible token (NFT) craze. Specifically, Disney has partnered with VeVe marketplace to launch its own limited edition digital collectible NFTs.

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Adobe Partners With OpenSea to Launch NFT Verification on Photoshop

Multimedia software developer Adobe revealed that it will be launching a feature that allows artists to add verifiable metadata to their creations. Called Content Credentials, the feature will be useful for authenticating digital artworks since they will function like non-fungible tokens (NFTs).

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Ethereum Altair Upgrade Goes Live: What You Need to Know

The Ethereum Altair upgrade went live on October 27. Here are the details that you need to know.

Altair has been implemented on the Ethereum Beacon Chain, not on the front-end Ethereum blockchain as we know it. For those who are not aware yet, Ethereum has two parallel blockchains that will merge possibly in 2022, making the long-awaited Ethereum 2.0. This happened late in 2020.

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Ripple Launches First On-Demand Liquidity in Middle East

Ripple has partnered with Pyypl (pronounced “people”), a blockchain-based fintech solutions provider that focuses on the Middle East region. The partnership will bring the first on-demand liquidity (ODL) in the region.

According to an announcement, the ODL services will begin in the United Arab Emirates (UAE), with future plans including North Africa as well.

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Mastercard and Bakkt Offer Crypto Loyalty Solutions

Mastercard and Bakkt proudly announce their partnership. Together, they offer a step forward for merchants, fintech, and banks in the US. These entities can now accept and offer a wide range of cryptocurrency services and solutions. 

With this leap, Mastercard users can begin to buy, hold, and sell cryptocurrencies. In addition, the brand can also deliver unique crypto-oriented loyalty opportunities as well as streamline the issuance of branded credit and debit cards.

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