• On November 18 Argo Blockchain announced on Twitter that CEO Peter Wall and the Argo team have been invited to NYC to ring the opening bell of the NASDAQ security exchange on Wednesday, November 24, 2021.
• A group of crypto investors raised $47 million to buy a rare first edition copy of the U.S. Constitution from the auction house Sotheby’s but lost their bid on Thursday, November 18. The money collected will be redeemable by the original investors, minus a transaction fee.
• The IRS Criminal Investigations unit revealed on November 19, 2021, that approximately $3.5 billion was seized from cryptcurrency-related fraud during the 2021 fiscal year. This figure surpasses last year’s figure of $137 million. A forensic report from Chainalysis, self-proclaimed experts in Blockchain analysis, estimates that only 1% of crypto transactions are illegal.
• El Salvador’s President Nayib Bukele recently announced on Saturday, November 20 at “Bitcoin Week” that their government is planning to build a city that is completely run by Bitcoin. Bukele said, “‘Bitcoin City’ will be located… near a volcano. The government plans on locating a power plant by the volcano to provide energy for both the city and bitcoin mining.” No word on when construction will begin, but a ten-year plan to work out the funding options was mentioned.
• This week Crypto.com, which billed itself as “the world’s fastest-growing cryptocurrency platform,” said it had secured the naming rights for 20 years to Staples Center in Los Angeles. The venue will be renamed Crypto.com Arena on Dec. 25. The deal cost about $700 million, said two people with knowledge of the details, one of the largest sums ever paid for a sporting venue’s naming rights. —The New York Times
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