December 7, 2021

Welcome to the Netcoins weekly crypto news update!

This week El Salvador takes advantage of the Bitcoin dip. Artist Damien Hirst converts Drake album art into an NFT collection. 

CRO token was one of the top-performing digital assets in November. Blockchain.com announces the launch of its own NFT platform.

And finally, CD Project Red launches a Cyberpunk 2077 blockchain watch. 

All of that and more on this edition of the weekly crypto news update. 

El Salvador Acquires 100 More Bitcoin During Recent Dip

El Salvador takes advantage of the 7.7% dip in Bitcoin on Friday by purchasing 100 more of the coins when the cryptocurrency dropped to as low as $68.68K Candain per token.

As of October 27th, El Salvador has purchased a total of 1,100 Bitcoin. This followed the country making Bitcoin a legal tender alongside the dollar starting September 7th.

According to data, dollar bonds from El Salvador are among the worst-performing in emerging markets this month, making cryptocurrency an ideal solution. 

Cyberpunk 2077 Releases $500 Blockchain Watch

Despite launching a hotly anticipated game that ended up disappointing many, CD Project Red is launching a blockchain watch. 

Many are baffled by the company behind Cyberpunk 2077’s decision to pour money into merchandise when the game is riddled with bugs and glitches that have yet to be addressed. 

The watch is made with Blonie Watches, is called the T-2077, will have a titanium case, and will cost around $650 Canadian. 

The watch will have blockchain-related features, with a digital certificate of authenticity tied to the blockchain through Arianee, an NFT platform for the luxury and fashion industries. This allows you to transfer your digital receipt in the event that you sell it. 

That wraps up the news for the week. If you have been thinking about joining the digital asset space, sign up for a free account with Netcoins today, Canada’s most trusted cryptocurrency exchange.

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