News- 11/10/2021

CAUSEVEST INTERNSHIP- NAWAF IBRAHIM- WEEK 4/MON

TODAY’S PRICES (AT 10:52 UK TIME)

  1. 1 XCV = £0.01333
  2. 1 BTC = £41,578.63
  3. 1 ETH = £2,634.19

TODAY’S NEWS

  1. NFT Rentals: Why VCs Are Backing a Puzzling New Project: Animoca Brands is leading a $1.5 million bet on reNFT, a year-old DAO that lets you rent out NFTs on the Ethereum mainnet.
  1. Bitcoin Makes a Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts: The positive sentiment in BTC has been partially driven by ETF speculation.
  1. One currency to rule them all: Facebook’s Diem has global ambitions
  1. Why The $1 Trillion Coin Is Another Reason To Stay Long Bitcoin
  1. McDonald’s China Celebrates 31st Anniversary With First-Ever NFT Release.
  1. South Korea will not tax NFT gains even as it moves to tax crypto income: South Korea is undecided on how it should tax gains made from NFTs

https://cryptoslate.com/south-korea-will-not-tax-nft-gains-even-as-it-moves-to-tax-crypto-income/

  1. Paid Millions to Hide Trillions: Meet Crime Enablers In Traditional Finance: The Pandora Papers investigation by the International Consortium of Investigative Journalists (ICIJ), a non-profit newsroom and network of journalists based in Washington, D.C., has revealed there are still some go-to havens for those looking to hide illicit wealth.
  1. 88 Bank of Ireland branches close for last time today
  1. ICharity told to pay £25,000 to wrongfully dismissed employee who had been attacked by man wielding two knives
  1. Call for charities to join research on virtual fundraising: Mass participation specialists Massive in partnership with JustGiving are calling for charities to be part of their new research to help the sector better understand the state of the virtual fundraising market.