Coin Market Los Angeles

November 22, 2021

TL:DR

Happy Monday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

MARKETS

▲ Bitcoin

$56,751.31

+93.20%

▲ Ethereum

$4,100.90

+463.64%

▲ Cardano

$1.78

+918.26%

▲ Solana

$217.92

+11788.17%

▲ Binance

$563.08

+1387.04%

*Cryptocurrency data as of Monday at 3:10 PM PST. YTD% Average

Weekly Review

Last week’s market performance

We’re back to the ’50s?! Bitcoin dropped below the $60,000+ gains it achieved over the past 2-weeks and declined to $55,705 but quickly recovered a bit. Ethereum, Solana, Polkadot, Chainlink, among a few others, also saw an abrupt decline but promptly started to stabilize. According to some investors, this is an “expected” market correction.

Finance

Leading financial institute in Spain to offer Bitcoin ETF

Last week, Santander, one of Spain’s most leading financial institutes, announced it is all set to offer a Bitcoin ETF to the residents. Locals seem to be extremely excited about it since it’s a product they’ve been waiting for. The ETF offered will be a Spot ETF making it easier for young investors and institutions to invest, rather than a Futures ETF.

TRIVIA

This country made history by becoming the first to approve a bill to make Bitcoin a legal tender. It currently uses US Dollars as their currency.

A. El Salvador B. Canada
C. Uruguay D. Unites States

Answer Below.

World Policy

Zanzibar might be the next Island nation to make Bitcoin a legal tender

After El Salvador, Zanzibar might become the next country to accept Bitcoin as a legal tender. The country’s Minister of State wants Zanzibar to be less dependent on a foreign currency for the country’s buying & selling and wants to take the road the one El Salvador took. However, for now, the government is open to debating and seeking expert opinions.

Advertising

Binance featured a “Crypto is evil” worldwide advertisement to promote cryptocurrency regulations

Despite being under investigation in 11 different countries, Binance seems to be the biggest fan of regulations. We would’ve never thought! The ad that says “Crypto is evil” was published in some of the most notable newspapers last week, which called for global crypto-regulations and called cryptocurrencies the “money” of people.

Advertising

LA-based Staples Center is now “Crypto.com Arena” for $700 Million

Crypto.com is quite serious about its marketing campaign and made it seem quite obvious last week. After featuring Matt Damon as their brand ambassador, crypto.com went on a further shopping spree and bought the naming rights of one of the most famous sports & entertainment arenas, “Staple center,” for the next twenty years. It’s now called the crypto.com arena, and the exchange thinks it will help to bring the right audience to their platform.

Exclusive Crypto Communities

These communities will allow you to learn and gain insight into crypto and where it is headed. Do not take this as financial advice but rather as education to help further your knowledge. These are invite only and those that are apart of Coin Market Community will receive special access using the links below. Looking forward to seeing you all in there!

Feel free to forward these to a friend!

Location	Group	Invite Link
Discord	6kWorkWeek	6kWorkWeek
Discord	Kapital	Kapital
Discord	Kryptonium	Kryptonium
Telegram	NFT Insiders	NFT Insiders
Telegram	Crypto Insiders	Crypto Insiders

Technology

Hic et Nunc, a Tezos based NFT marketplace, vanished into thin air

Last week, Hic et Nunc, or HEN, the world’s top 14th NFT marketplace in terms of its’ all-time high sales, simply vanished into thin air. The Twitter of Hic et Nunc was updated to disconnected, while the account is tweeting a cryptic message that no one to date knows what it means. The silver lining: everything is retrievable, all thanks to blockchain technology!

Metaverse News

Kucoin Labs invests $100 million in Metaverse

Last week, one of the most famous crypto-exchanges of Asia, Kucoin’s investing arm Kucoin Labs, announced it will invest $100 Million to bring its “own” version of a Metaverse. While not much about their ambition was told, some believe it may get their exchange’s services in a Metaverse environment. Earlier, Solana and FTX both have also established a similar amount for their own version of Metaverse.

Featured Project

Blockbank – All In One Crypto Banking

BlockBank is a one-stop solution that combines the power of decentralized and centralized technology in a simple and secure Mobile & Web application that is available to be downloaded on Google Play and App Store.

This week, BlockBank invites all the investors to distribute a final amount of tokens; all remaining tokens will be released per the unlock schedule. The tokens will be deposited on the BlockBank’s CeFi infrastructure. All tokens will continue to earn 20% until 26th March 2022 – that’s when it will be available for withdrawal, given if the users wish to do so or not.

TRIVIA ANSWER

A. El Salvador

As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender.