Dating App Bumble Explores Metaverse Integration – November 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $63,166

Bitcoin price has fallen back to the $63,000 range, continuing its decline after a rejection at around $69,000.

Top-20 altcoins also continue to fall, as Ethereum drops 4%, Solana tumbles 6% and Algorand stands out with a 13% rise.

Top Stories for November 12, 2021 πŸ”₯

πŸ‘‰ Dating App Bumble Explores Metaverse Integration

Popular dating app Bumble is reportedly exploring how to integrate Web 3.0 and the Metaverse into a relaunch of its friend-finding platform.

A job posting by the company is seeking someone to head its Web 3.0 integrations, which follows a statement by founder and CEO Whitney Wolfe about Bumble aiming to become a leader in the Web 3.0 world.

πŸ‘‰ Just Two Firms Found To Dominate Flow Of Tether’s USDT Stablecoin

A study by Protos has found that the vast majority of Tether’s USDT stablecoin is used by just two companies, Alameda Research and Cumberland Global.

Almost 55% of all Tether has been issued directly from the Tether Treasury to the two companies, for a combined $60.3 billion. More than $36.7 billion has gone to Alameda research alone, with $23.7 billion making it to Cumberland.

πŸ‘‰ Bakkt Stock Drops Following Q3 Loss Of Almost $30M

Crypto firm Bakkt has seen a 7% fall in its pre-market stock price, following an operating loss of $29.9 million in the third quarter.

Net revenue for the company has grown compared to the second quarter, however, sseing a rise from $8.5 million to $9.1 million. Bakkt has also witnessed an increase in loyalty redemptions by customers and the onboarding of a large financial institution.