A roundup of all the big news and interesting pieces from the crypto world this month.
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It's been a hard month for the "hodlers" (someone who holds onto Bitcoin). Whilst starting November strongly at around $6,200, a Bitcoin Cash hard fork saw the Bitcoin price fall to $5,400, then hit a 420 day low at approximately $3750. Are we expecting a price jump or is this the new resting price? The December period will be telling in this time of volatility.
Tron, the company behind the decentralized exchange, announces Tron Arcade; a blockchain gaming fund that will see an investment of $100M over the next three years. Tron CEO; Justin Son (@justinsuntron), believes the fund will play a huge part in attracting developers to embrace blockchain technology.
Marguerite deCourcelle's (@coin_artist) Blockade Games has been valued at $13 million. This follows an impressive seed equity round for the company's flagship title; Neon District (the trailer for which can be seen here). The visual artist turned blockchain developer; deCourcelle, has hinted there may be hidden puzzles rewarding players with crypto inside the game, much like her famous art piece "The Legend of Satoshi Nakamoto".
Businesses in Ohio can now pay their taxes through third party processor BitPay, who will charge a 1% fee to each transaction. With this, Ohio becomes first U.S. state to allow businesses to pay taxes with Bitcoin. A whopping 23 different taxes can be paid via the cryptocurrency, such as tobacco sales, employee withholding, and public utilities. It will be interesting to see if any other U.S. states follow suit.
Luxury jewellery retailer; Birks Group, is now accepting Bitcoin as a way of payment in 6 of their 24 Canadian stores. In what is another win for BitPay, Birks Group CEO; Jean-Christophe Bedos commented, "As an internationally growing brand, we believe that BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology".