CMC Daily, November 10: Apple CEO reveals he owns the crypto!

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Additionally, Bitcoin hit all-time highs again, Beeple sold another piece of art for a lot of money, and the third quarter was a quarter to forget for Coinbase.

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Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify, and Google Podcasts After a sharp drop of $ 68,500 yesterday, BTC came back strong on Wednesday. Analysts had expected the Consumer Price Index to rise 5.8% year-on-year in October, but the actual figure was 6.2%. This sobering statistic means America is now facing its highest inflation rate since 1990. Find out why this caused Bitcoin to soar. He did it again. Seven months after breaking records by selling a non-fungible token for $ 69.3 million, Beeple’s latest creation has gone under the hammer for $ 29 million. HUMAN ONE is a spectacular 3D sculpture in mahogany and polished aluminum. Dubbed “the first human to be born in the Metaverse,” a person wearing a space helmet explores a series of dystopian landscapes. These images are accessible via the Ethereum blockchain. Here’s why it’s so special. Tim Cook has revealed that he owns cryptocurrencies. While this is bullish news in and of itself, the CEO said Apple will not invest in Bitcoin and does not plan to start accepting cryptocurrencies as a payment method. Speaking to the New York Times DealBook online summit, Cook said, “It’s reasonable to own it as part of a diverse portfolio. I’ve been looking for it for a while and think it’s interesting. would not reveal which coins he has in his wallet. Check out our story. Bad news for Robinhood users who wish to buy SHIBA INU. The trading platform suggested that it was in no rush to list the coin itself, despite the fact that more than 525,000 people have signed a petition urging the company to do so. While Coinbase’s strategy is to list “all assets where it is legal to do so,” Robinhood is different. operations, Christine Brown, said at a Decrypt event: “We believe that the short-term gain we might get is not worth the long-term trade-off for our users.” Read more. England has co Confirmed that it was considering launching a central bank digital currency, but said no digital books will emerge until 2025 at the earliest. This means the UK is far behind China, which is currently putting the finishing touches on the digital yuan. A consultation phase means that the crypto community has the opportunity to make their voice heard. “I encourage everyone to contribute to the discussion,” one official said. Find out more. Coinbase shares fell after-hours on Tuesday after the company posted third-quarter net income of $ 1.24 billion, far from $ 1.61 billion. analysts were waiting. “Milder crypto market conditions, due to low volatility and falling asset prices” have been blamed for the disappointing results. However, stressful conditions for the stock market improved in the fourth quarter, indicating that its performance will be healthier when results are released in three months. The figures.

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