| JPMorgan Completes First-Ever DeFi Transaction on a Public Blockchain If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2022-11-08.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ Bitcoin Fails to Hold $21,000 BTC Takes a Nosedive From Higher Levels Again BTC | BITCOIN $19730.00 -4.71%  What seemed to be a promising week for Bitcoin ended with a nosedive below $20,000 as bears offered strong resistance at higher levels yet again. Almost five months have passed since BTC closed above $25,000, and traders and analysts are concerned that the $20,000 support may not hold this time. Global macroeconomic and financial tensions persist; EU officials expressed concerns over the $369 billion U.S. Inflation Reduction Act on Nov. 7, citing international trade rules and discriminatory policies. The U.S. midterms could also have an impact on the market. Derivatives data also points towards negative sentiment among traders; the quarterly futures annualized premium stayed below 2.5% for the entirety of last week, failing to improve even when BTC rose by 7% from Nov. 3 to Nov. 5. This futures premium should (ideally) trade between +4% to +8% in healthy markets; the state of the metric shows that traders are neutral to bearish. Here's How You Can Win Big This Week    DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP Updates From Solana Breakpoint 2022  Solana Breakpoint, the ecosystem's annual conference, took place over four days (Nov. 4 to Nov. 7) in Lisbon, Portugal. Over 13,000 people attended, and Solana made a series of announcements as it prepares to go mainstream. Vibhu Norby, CEO of Solana Spaces, unveiled the first Solana Store, and subsequently announced the launch of GeoNFTs, an implementation of NFTs that involves geotagging. He further stated that anyone with a GeoNFT would be able to redeem it ''1-for-1'' with the exclusive rights to open a Solana Store in the region. Solana also unveiled its upcoming smartphones which are likely to be available to the public in 2023. These phones will be able to securely store the private keys of crypto wallets, in addition to being a full-fledged smart device. Solana also announced the Solana dApp Store, a platform that would do away with charges, revenues, and fees, and will try to build a good user experience in Web3. Submissions for the dApp store are set to open Jan. 2023. However, the following announcement took the cake at Solana Breakpoint: Google Cloud has partnered with Solana, and it's building a Solana validator to participate in the network. The integration will allow users to launch a dedicated Solana node in the cloud. Furthermore, Google Cloud will index Solana data and transfer it to BigQuery, making it easier for developers to access historical data. JPMorgan Completes First-Ever Cross-Border Transaction Using DeFi on a Public Blockchain  Last week, multinational banking firm JPMorgan executed its first-ever cross-border transaction using DeFi on a public blockchain. The Monetary Authority of Singapore (MAS) facilitated the transaction through Project Guardian, a pilot program that seeks to examine how TradFi institutions can use DeFi protocols to conduct transactions, among other things. The trade was executed on the Polygon network using a modified version of the Aave protocol's smart contract code. DBS Bank, Singapore's largest bank, and SBI Digital Asset Holdings from Japan are also part of the pilot. According to Aave, this represents ''a massive step towards bridging traditional financial assets into DeFi.'' STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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Bitcoin Fails to Hold $21,000, Again
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