Site icon CoinDCX-Blog

Daily Crypto News Dec 5, 2021: Top 3 crypto updates for today

Crypto News

While the world panicked during the crypto crash, intelligent investors have been buying the dip. El Salvador, the pioneering nation towards the new-age digital economy confirmed that it bought another 150 bitcoins during the crash. Right after Nike claimed its position on the bandwagon to Metaverse, Adidas has also announced its partnership with Coinbase and other NFT projects such as Punk comic and Bored Ape Yacht. 

The South Korean company, a leader in the blockchain gaming space, Hashed raised another $200 million investments for its projects around the Web 3 ecosystem. This has led to a total investment of $320 million raised by the organization within a year. A more detailed analysis of all the articles has been done below. Let’s quickly go through the daily crypto roundup before diving deep into the latest crypto news and top losers and gainers for the day. 

Quick Crypto News Roundup! 

Daily Crypto News Dec 5, 2021

El Salvador buys the Dip and invests another $7.3 million in BTC

El Salvador’s President, Bukele, updated that the country reacted positively to the recent price crash purchasing another lot of 150 Bitcoins worth $7.3 million in total. It is no exaggeration to say that El Salvador is the most bullish nation on Bitcoin and has been pioneering a revolutionizing movement towards a new world. The President of El Salvador is always on the lookout to make use of every opportunity in the market related to cryptocurrencies and utilize the BTC profits to build hospitals, schools and undertake other ventures. 

Recently Bukele even announced that El Salvador is ready for Bitcoin city. The country has been accumulating more Bitcoins and amidst the price crash bought the dip, adding another 150 Bitcoins to the portfolio. 

Read about El Salvador buying the dip in detail below. 

Source: Cryptopotato

After Nike, Adidas steps into the Metaverse world partnering with NFT projects

After Nike, it’s the famous German multinational corporation Adidas, jumping onto the Metaverse bandwagon. Adidas has partnered up with the non-fungible token (NFT) brands such as Punk Comic and Bored Ape Yatch club for this new venture. 

Adidas also revealed that it has partnered with Coinbase and believes that Metaverse is one of the most exciting projects and developments in the new era of the digital world. It believes that this move of entering into the Metaverse will open up millions of possibilities for the company. This was revealed by the company over its Twitter handle which attracted a lot of attention from the users with 4000 retweets and more than 8000 likes. 

Read more on Adidas entering Metaverse in detail. 


Hashed raises $200 million for Web3 Investments 

The South Korean Venture firm, Hashed raises another $200 million for Web 3 Investments. This now adds to a total of $320 million raised by the company in the past 12 months. This investment of $200 million will be dedicated to the growth of the Web 3 ecosystem. Although the company did not reveal the names of the investors but did tell that the money came from the largest Korean IT companies, globally renowned investment firms as well as multi-discipline Korean conglomerates. 

Hashed is an active player in the Web 3 gaming sector and has been contributing to this space since 2016. It has hit big on projects such as Axie Infinity and The Sandbox.  The firm was also one of the early investors in the Terra blockchain whose native token LUNA created a new ATH in the past few weeks. 

Interested to find out the top 5 cryptocurrencies to touch ATH in 2021, read in detail.

Read more about Hashed and what amazing developments it has in store for all of us as we gear towards the Web 3 environment. 

Source: Coindesk 

Crypto Market Trend December 5, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 5, 2021)  Change in % 
Terra (LUNA) ₹5938.28 25.48%
Enjin Coin (ENJ) ₹254.32 20.53%
Decentraland (MANA) ₹326.66 20.63%

*Prices are latest by 11 AM December 5, 2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 5,  2021)  Change in % 
Alpaca finance (ALPACA) ₹50.67 3.04%
Kusama (KSM) ₹24464.60 3.24%
Stellar Lumens (XLM) ₹23.23 2.44%

*Prices are latest by 11 AM December 5, 2021.*

Exit mobile version