The Past Week In Crypto News (Oct. 27th to Nov. 3rd): ETH All Time High and More

Ethereum, the world’s second-largest cryptocurrency both by price and market cap, has reached a new all-time high. On Novemer 3rd, 2021 Ethereum reached the price of $4643. The expected crypto-market bull run has proven to be true, as Ethereum has now followed the lead of multiple coins—including Bitcoin—in terms of reaching new ATH prices. This new ATH for ETH is being attributed at least partially to Facebook’s plans for creating the metaverse, as well as successful upgrades implemented by the Ethereum network.

Oscar-winning director Quentin Tarantino has announced that he is releasing 7 never-seen-before clips—as well as scripts and commentary—as NFTs. The clips and scripts are from his critically-acclaimed movie “Pulp Fiction”. This was announced by Tarantino NFTs. The NFTs will be released on Secret Network’s blockchain. Secret Network is a blockchain network that allows the art owner to either release the art publicly or choose to release it privately to a single person. This is done to enhance user choice and prioritize privacy. The release date for this project is yet to be announced, but it is a sign of the adaption that is happening for NFTs and crypto in general. The initial auction is set to launch on OpenSea.

The Mayor of the city of Miami Francis Suarez will receive his upcoming pay 100% in BTC. He announced this move on Twitter. The newly re-elected mayor has vowed to make Miami a crypto-friendly place and has continued to use social media to reach out to different entrepreneurs to pursue this goal.

Another celebrity that will get paid in Bitcoin is NFL quarterback Aaron Rodgers. He announced the news that he will be paid a portion of his salary with Bitcoin, and that in partnership with Square he will participate in a $1 million giveaway. These are some of the most high-profile figures to announce such news, and the diversity in professions in which different figures are choosing to be paid in crypto shows that in the future Bitcoin and other cryptos can reach a very wide pool of people. 

The world’s biggest sneaker company Nike is preparing to enter the metaverse. The metaverse has become one of the most talked-about concepts and a major buzzword in headlines. It is essentially meant to represent the next phase of the internet, in which people will interact through a combination of the virtual and physical world. Nike seems to be interested in selling digital sneakers in that digital world, as different reports show that the brand has filed for multiple trademarks regarding their branding on virtual clothing items. 

Commonwealth Bank, the largest bank in Australia with over 25% of Australia’s population as clients, has announced that it will offer Bitcoin services for its clients. The bank will allow clients to buy, hold and sell Bitcoin. The bank announced that it has partnered with the cryptocurrency exchange Gemini to offer these services. Commonwealth Bank has 6.5 million clients, which means that a huge population in Australia will have easy access and trust in Bitcoin. This marks a new adaption chapter for Bitcoin, not only in the continent but in general, as banks continue to adopt BTC and crypto more widely.