- This week, the current rise in the prices of cryptocurrencies, the capitalization of BTC has moved back in front of those of Tesla shares ( By the way, it took 17.99 BTC in 2018 to buy a Tesla Model S compared to 2.51 BTC in 2023). And this November 12, daily Bitcoin mining rewards exceeded $44 million for the first time in 2023. Bitcoin price is trading around $36,000.
- The United States government still holds at least 99,546 Bitcoins, valued at nearly $3.6 billion, from the Silk Road confiscation.
- TETHER ($USDT) plans to invest around $500 million over the next six months to become one of the world's largest Bitcoin(min)ers, according to Bloomberg. Tether will build Bitcoin mining farms in Uruguay, Paraguay and El Salvador and plans to reach 120 MW by the end of 2023 and 450 MW by the end of 2025, representing 1% of the total Bitcoin network hashrate.
- SEI announces the native integration of $USDC into its network as well as a strategic investment from CIRCLE in its blockchain, the amount of which has not been disclosed.
- CoinShares obtains the exclusive right to purchase 100% of Valkyrie Funds, the rights associated with the Valkyrie Bitcoin Fund and all unlaunched ETFs held by Valkyrie Investments.
- Commerzbank obtains a license for cryptocurrency custody in Germany. The German bank is the first full-service bank in the country to receive this style of license from local regulators.
- BlackRock files S-1 filing for its Spot Ethereum ETF.
- The rise in NFT sales volume is expected to continue, according to many industry executives. NFT sales volume jumped by $56 million over the past week.