Crypto Weekly Roundup: El Salvador BTC Holdings, Altair Upgrade, First ODL In Middle-East, Disney NFTs, And More

Investments have increased since the resurgence in Bitcoin a few weeks ago. More and more entities and organizations are now buying and holding BTCs to supplement their investment strategy. Lets take a deeper dive into the most important headlines about Bitcoin and other cryptocurrency from last week.

Bitcoin

Nayib Bukele, President of El Salvador, announced via Twitter that the country had gained 420 BTC during the dip. This brought the total BTC under management up to 1120.

MicroStrategy, a crypto investment company, continues to increase its bitcoin holdings as part its corporate strategy. It purchased 8,957 BTCs Q3 2021.

Recent research shows that the global BTC mining sector is more energy-intensive than any other major industry. However, it is powered by a greater mix of renewable energy than any other country.

Ethereum

With the launch of the Altair Upgrade for the Beacon Chain, October 27, the Ethereum Network is one step closer towards its Ethereum 2.0 upgrade.

DeFi

Millions of dollars in Cream Liquidity pool tokens, ERC-20 tokens and DeFi protocol Cream Finance were stolen by the hackers at DeFi protocol Cream Finance.

NEAR Protocol announced the launch of a $800 million funding initiative in order to finance NEARs growth and development.

Altcoins

Cardano, after the successful Alonzo deployments, prepares for the Babbage era with performance improvements, language upgrades and further decentralization.

The new, blockchain-based Squid Game was inspired by the popular Korean series. It has seen incredible growth since its launch just a few days ago.

Business

Crypto.com has hired Matt Damon, an actor and producer, as its latest celebrity crypto backer.

Ripple, a blockchain-based service provider, and Pyypl, a blockchain-based financial company have announced the launch of the first-of its-kind On Demand Liquidity (ODL), service in the Middle East.

Mastercard will expand its crypto services, which will allow any merchant or bank to incorporate crypto into their products.

Regulation

Ted Cruz, a US senator, has stated that he and other Republican Party members from Texas would like to see Texas become the centre of cryptocurrency.

Federal officials have stated that banks should be allowed cryptocurrency such as Bitcoin to keep for their clients and themselves.

NFT

In collaboration with VeVe Marketplace the new Disney NFT collection will be launched on Disney+ Day, November 12.

Adobe announced today that it has partnered with the top NFT marketplaces OpenSea and KnownOrigin to launch a NFT-making feature in Adobe Photoshop.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://cryptodaily.co.uk/2021/10/Crypto-Weekly-Roundup-El-Salvador-BTC-Holdings-Altair-Upgrade-First-ODL-In-Middle-East-Disney-NFTs-And-More