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Crypto News Roundup for Nov. 2, 2021

Crypto News Roundup for Nov. 2, 2021

On today’s Election Day Special, CoinDesk’s Chief Content Officer Michael J. Casey explores the state of inflation in the U.S. in the context of Jack Dorsey’s recent comments.

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Decentralized Identity Startup Spruce Raises $7.5M

Ethereal Ventures and Electric Capital led the round, with Alameda Research, Coinbase Ventures and Protocol Labs also joining in.

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Ether Hits Fresh Record High, Sandbox’s SAND Leads Rally in Metaverse Coins

Ether refreshed record highs on Tuesday amid continued bullish flows in the options market, while tokens associated with virtual reality games extended rally on Facebook’s recent championing of metaverse.

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FTX backs African fintech unicorn Chipper Cash in $150M fundraise

The latest funding round now puts Chipper Cash at a $2 billion valuation.

The post FTX backs African fintech unicorn Chipper Cash in $150M fundraise appeared first on The Block.

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Ethereum hash rate sets all-time high as price surges

Ethereum’s hash rate, or the blockchain network’s computing power, keeps rising and now has hit a new all-time high.

The post Ethereum hash rate sets all-time high as price surges appeared first on The Block.

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BitMEX Buys $100,000 of Carbon Credits in Bid to Become Carbon Neutral

The investment will offset all of BitMEX’s bitcoin transaction and server emissions, the exchange said.

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This Diwali Season Indians FOMO Over Shiba Inu

“The motivation to buy SHIB is to earn good profit in a short time,” one investor told Coindesk.

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Metaverse Startup The Sandbox Closes $93M Series B Led by SoftBank

The Animoca Brands’ metaverse startup counts 500,000 registered wallets.

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Coinbase Acquires AI Customer Support Startup Agara

The deal is reportedly worth somewhere between $40 million and $50 million.

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NFT gaming firm The Sandbox raises $93 million in round led by SoftBank

Hong Kong-based gaming platform The Sandbox has raised $93 million in a round led by SoftBank’s Vision Fund 2, according to a Reuters report. The Sandbox, released on iOS, Android and Windows, allows users to create their own universe inside the game using different elements. In 2018, Hong Kong-based NFT digital property firm Animoca Brands […]

The post NFT gaming firm The Sandbox raises $93 million in round led by SoftBank appeared first on The Block.

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