POKKET: Crypto Market Update (Nov 29)

cryptocurrency news

24-Hour Crypto Prices:

BTC – $57,532.81 +6.3% πŸ“ˆ

ETH – $4,340.05 +7.5% πŸ“ˆ

BNB – $611.73 +5.6% πŸ“ˆ

SOL – $202.26 +8.0% πŸ“ˆ

DOT – $36.45 +9.7% πŸ“ˆ

AVAX – $114.04 +7.9% πŸ“ˆ

The new German Government has approved a coalition agreement to provide an equal playing field for traditional finance and new financial innovations. β€œWe are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models,” according to the 177-page agreement.

On Black Friday, El Salvador’s President announced they bought another 100 Bitcoin on discount. Black Friday was a chance to buy the dip as Bitcoin dipped below $54,000.Β 

Crypto mining pools in China are experiencing issues with domain name system (DNS) β€œpollution”. Binance Pool F2pool, Poolin and ViaBTC are reporting connectivity problems and have advised users to use a VPN to circumvent local telecom carriers.Β Β Β Β 

Hacked Google cloud accounts are being used to mine cryptocurrency. Google’s Cybersecurity Action Team wrote that β€œ86% of [Google Cloud Platforms] were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space.” 

Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin funds. The Monetary Authority of Singapore has approved two funds: a Bitcoin Physical Fund and a Secured Yield Fund. Fintonia founder Adrian Chng said, β€œThe fund acquires physical Bitcoin, meaning we will buy the actual Bitcoin rather than a derivative instrument on Bitcoin.” On the other hand, the Secured Yield Fund will provide investors with access to private loans secured by Bitcoin.

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