ETH and SAND prices are at new all-time highs, BTC, MKR, SOL and MATIC are all on the rise, and the cryptocurrency market is over $2,8 trillion. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍SAND and ETH hit new all-time highs and BTC recovers $64.000. The value of SAND and ETH are at new all-time highs. In the case of SAND, the value of The Sandbox’s native token, is being boosted by the news that Facebook will focus on the Metaverse from its new name and brand Meta. Since the social media corporation reported on its new ambitions, projects and tokens related to the Metaverse and NFTs are growing in value and adoption.
On the other hand, the value of ETH exceeded the $4.634 per unit thanks to the success of its latest Altair update, which brings the merger between Ethereum and Ethereum 2.0 closer. The rise in the value of ETH coincides with the rise in the price of Bitcoin (BTC), which again recovered the level of $64.000 per BTC. At the time of this writing, BTC is trading at a value of $64.180Other cryptocurrencies and tokens, such as MKR, SOL and MATIC, have grown by more than 10% in the last few hours.
The total cryptocurrency capitalization is also at new all-time highs, surpassing 2,8 trillions of dollars currently.
Bitcoin and Blockchain Adoption
📍Derivatives exchange CME to launch Ethereum micro futures. CME, the Chicago Mercantile Exchange, one of the largest financial and commodity derivatives markets, announced that it will launch Ethereum micro futures on December 6. In a release Officially, CME notes that there is a high demand for ether futures, the second largest cryptocurrency in the world by market capitalization, whose value has grown exponentially in recent months.
Interest in Ethereum has increased the liquidity of Ethereum futures contracts on the exchange, so it decided to launch micro futures for this cryptocurrency in order to allow its investors more precise operations with ETH, as well as allowing the entry of a wider range of investors to these markets. CME has launched futures for Bitcoin and Ethereum and micro futures contracts for BTC in June.
📍Australian bank Commonwealth Bank (CBA) will offer access to cryptocurrencies. According to publication According to the Financial Review (AFR), CBA will begin offering cryptocurrency services to its more than 6 million clients and users. The bank has plans to attract a larger number of customers, especially young people, by offering custody and crypto asset management services through its banking app, the AFR reported.
NFT and DeFi Markets
📍SoftBank leads The Sandbox's $93 million funding round. Softbank, the Japanese telecommunications and Internet company, led the funding round held by the blockchain metaverse The Sandbox, which raised $93 million from its investors. Interest in projects related to Metaverses, digital games and NFT began to grow with the name change announced by Facebook, which is now called Meta with plans to lead the metaverse and the entire world.
The Sandbox is one of the largest and most comprehensive metaverses in existence on the blockchain and is developed by the company Pixowl, which was acquired by Animoca Brands in 2018 for over $4.800 billion. The recent round of funding has boosted the value of SAND, The Sandbox's native token, to new all-time highs. $3,33 Yesterday.
Miners
📍Ethereum's hash rate has grown by over 290% in the last year. El hash rate of Ethereum, the blockchain of smart contracts, DApps and NFT par excellence, exceeds 747 terahashes per second (TH/s) currently, showing a growth of 290% in the last 12 months According to data According to The Block, Ethermine is the largest Ethereum mining pool, concentrating around 199 TH/s of Ethereum's hash power; followed by F2Pool, SparkPool, with 183 TH/s and 122 TH/s, respectively.
The hash rate of Ethereum is accompanying the rise in value of the ETH cryptocurrency on the markets, which reached new historical highs in the early hours of this Wednesday.
Development and Technology
📍Animoca Brands invests in Upland, a blockchain and NFT-based digital property trading game. Gaming software company Animoca Brands has participated in the recent investment round of the parent company behind blockchain and NFT game Upland, which allows users to trade digital properties tied to the real world. In the round, Upland raised $18 million from its investors, raising its valuation to $300 million.
According to the game's developer, the funds raised in this round will be used to further develop the game's infrastructure, as well as optimize the interface and boost the construction of a new digital gaming economy. The digital properties traded within this blockchain game as NFT tokens are linked to real-world properties in cities such as New York and San Francisco (United States).
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