COIN360 6 minutes reading from Bitcoin

Bitcoin, Stocks Rise as October Job Market Adds 261,000 Jobs

Both BTC and stocks saw a nice recovery today following the October job report.

The U.S. economy added 261,000 jobs in October, higher than the forecasts for 200,000. But the unemployment rate rose to 3.7% compared to expectations of 3.6%

In @COIN360com Daily Digest:

2/ BTC soared by 4.3% to surpass 21,000 for the first time in nine days.

The coin then stepped back to trade above 20,800 atm with a 2.7% rise in 24h, while expectations for a smaller interest rate hike next month are growing among investors based on favorable jobs data.

3/ ETH crossed 1,600 with a 5% rise today while major altcoins posted better gains. @0xPolygon is enjoying the @instagram effect.

@loopringorg, the 1 gainer, is dealing with a DDOS attack:

Top gainers: LRC MATIC LDO Top losers: AR DOGE LEO

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

@0xPolygon @instagram @loopringorg 4/ @artblocks_io Friendship Bracelets are gaining much traction among the NFT community with a 4,000%+ surge in trading volume in the past 24h:

@NFT_Avant_Garde volume was up by 500%+ as the project unveiled its plan for Genesis Pass in the latest AMA.

NFT Heatmap – Coin360

5/ @pNetworkDeFi ethically took 4.3M in pGALA as it discovered a “misconfiguration” in the token’s smart contract.

@GoGalaGames said that its token was “not hacked, breached, or exploited in any way,” but GALA still dropped by over 30%.

Developers of pNetwork bridge drain 4.3 million from PancakeSwap in 'white hat' attack

6/ @santanderuk has placed a limit on all crypto transactions for its customers in the UK.

From Nov. 15, customers will be restricted to a 1,000 British pound limit per transaction, and a total limit of 3,000 pounds a month.

Santander UK limits crypto transactions for its customers

7/ @Twitter is facing a lawsuit after slashing more than 3,000 jobs after @elonmusk takeover.

The trouble, along with rumors that Twitter halted the development of its cryptocurrency wallet, caused DOGE to slump as much as 10%.

Dogecoin Plunges As Twitter Pauses Work On Crypto Wallet

8/ @coinbase reported a net loss of some 545M in Q3.

The exchange saw its transaction revenue drop by 44% quarter-on-quarter to 366 million as a result of the decreased trading volume.

Earnings Report: Coinbase Loses 545 Million in Third Quarter – Stock Plummets

9/ @blocks reported 1.76B in BTC revenue in its @CashApp unit during Q3, down 3% year-over-year and lower than the 1.79B reported in Q2.

Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump

10/ A portion of @Circles reserves, which back the USDC stablecoin, will be placed in a new money market fund managed by @BlackRock by early next year.

Circle to put a portion of USDC reserves into new BlackRock fund

11/ @Squareenix revealed its first NFT game Symbiogenesis. The FinalFantasy creator received mixed reactions with some mainstream publishers calling its first blockchain game "NFT junk."

Square Enix’s First NFT Game Receives Mixed Reactions After Reveal - NFTgators - NFT News and Insights

12/ @ElrondNetwork announced it will transform into MultiversX to focus on metaverse development.

Its new tools include a metaverse portal, digital assets holder, creator utilities and a deployable blockchain module.

Elrond rebrands as MultiversX, shifts focus to the metaverse

13/ @Immutable announced plans to extend its enforceable NFT royalties model across the web3 ecosystem.

This happened as a new token unlock is set to proceed on Nov 5 at 13:00 UTC with 110M IMX being freed from vesting, as per @CoinDesk

Immutable Expands Enforceable Royalties to Ethereum To Protect 1.8b of Creator Royalties

14/ @LensProtocol received investment from @FTX_Official for an undisclosed amount.

FTX Ventures Invests in Web3 Identity Solution Lens Protocol - NFTgators - NFT News and Insights

15/ Other news:

@stablekwon reportedly instructed an employee to manipulate Terra’s market price:

12 independent entities pledge legal support for @Ripple

@Binance exploring benefits of bank acquisition:

Do Kwon Reportedly Instructed An Employee To Manipulate Terra’s Market Price - Ethereum World News
You have our swords: 12 independent entities pledge legal support for Ripple
Crypto Giant Binance Exploring Benefits of Bank Acquisition: Report - The Daily Hodl

16/ NFTs, crypto stolen after web3 gaming CEO @GabrielLeydons Twitter hacked:

New York Fed completes experiment using on-chain digital dollar:

Monkey Drainer on hacking spree, steals 520 ETH worth NFTs:

NFTs, Crypto Stolen After Web3 Gaming CEO Gabriel Leydon’s Twitter Hacked - Decrypt
New York Fed completes experiment using on-chain digital dollar
Monkey Drainer on Hacking Spree, Steals Another 520 ETH Worth NFTs

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