Weekly Recap
November 23rd, 2020 - November 30th, 2020
Welcome to our 4th weekly recap for November.
Overview
Crypto News
After rallying 80% in two months, Bitcoin (BTC) is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the site’s home page on Nov. 23.
Japanese financial giant SBI Group has announced a cryptocurrency lending service in its Sept. 24 press release.
It will be offered through the company’s cryptocurrency-oriented arm SBI VC Trade.
Binance has announced that it will support XRP’s Flare Networks snapshot and airdrop of Spark tokens and is the latest major exchange to support the event.
IOTA in collaboration with Pantos is looking to promote blockchain and DLT interoperability under the aegis of a new research laboratory dedicated to the two emerging technologies.
John Ratcliffe, the US Director of National Intelligence, has reportedly penned a letter to the Securities and Exchange Commission (SEC) expressing concern about China’s control over Bitcoin and crypto.
Crypto rating agency Weiss Ratings is reporting that the anticipation of a post-Covid world is serving as fuel for Bitcoin’s ascent while other safe-haven assets like gold are losing their luster.
The firm, which invests across asset classes on behalf of companies, pension funds, and sovereign wealth funds, wrote in a filing on November 27 that it might “seek investment exposure to bitcoin indirectly” via Grayscale’s Bitcoin Trust product (GBTC) through its Macro Opportunities Fund.
Thousands of new nodes have joined the ethereum network in the last few days to reach 11,162, one of its highest number in years.
There were some 8,000 nodes on November 15th, with it beginning to jump on the 22nd from 9,500 to more than 11,000.
