Bitcoin (BTC) is stabilizing after a near 10% decline over the past week. The cryptocurrency is holding initial support above $56,000, although resistance around $65,000 could limit further upside over the short term. On the daily chart, the RSI is approaching oversold conditions similar to late September, which preceded a price recovery.

TIME Magazine will hold ether (ETH) on its balance sheet for the first time as part of a deal with crypto investment firm Galaxy Digital to educate readers about the metaverse, according to a press release shared with CoinDesk.

Sources : https://nftplazas.com/collateral-marketplace-nftfi-raises-5m-in-series-a-funding/amp/

NFTfi, a marketplace for NFT collaterized loans is dedicated to helping founders bootstrap token networks.

NFTfi plans use the funding to further develop an NFT-based financial infrastructure and bring new NFT-focused financial products to the market.

There are two options on the NFTfi platform: lend and borrow. Users can put their NFT assets up as collateral for a loan, or offer loans to other users on their NFTs. Lenders can get impressive returns, and of course, keep the NFTs if the borrower does not pay back the loan.

Start-up Worldcoin advertises that people who authenticate their accounts with an iris scan would receive free cryptocurrency. Worldcoin claims to have sent scanning devices to people in 12 different countries. To preserve users’ privacy, after they join up by having their iris scanned, the image is encrypted and turned into a unique code, while the original data is discarded. The Worldcoin cryptocurrency is then distributed to users for free. Worldcoin has over 100,000 users worldwide and is adding 700 new ones every week. By 2023, the startup hopes to have 1 billion users.

Under the ticker “BITO,” the ProShares futures-based bitcoin ETF had its trading debut on the New York Stock Exchange. The bitcoin futures ETF tracks contracts that speculate on the digital asset’s future price rather than the cryptocurrency’s current or “spot” price. As a result, the ETF’s and bitcoin’s prices will diverge.

Twitter is developing a ‘Collectible’ tab for users to display their non-fungible token (NFT) collections.

The tab will connect to users’ cryptocurrency wallets on services like Coinbase and MetaMask, displaying a gallery of all owned NFTs on their Twitter profile.

McDonald’s has created its first-ever non-fungible token in honor of the McRib’s 40th anniversary.

The biggest advantage of a McRib NFT is that fans can have it all year round, even when it is not on the menu. People who will get the token will be selected by 12th of November on Twitter.

Source : https://www.nbcnews.com/pop-culture/pop-culture-news/mcrib-back-mcdonalds-also-nft-rcna4277