Market Analysis Report (08 Nov 2021)

The mayors of Jackson, TN, and Tampa, FL, have committed to converting their next paychecks into bitcoin shortly after Miami Mayor, Francis Suarez, and NYC Mayor-Elect, Eric Adams, announced they would be receiving their paychecks in BTC.

The U.S. Congress has passed the $1.2 trillion bill aimed at improving  America’s infrastructure. The bill’s plans will be funded through a variety of measures, including taxing cryptocurrency brokers.

Social media giant Reddit may soon convert users’ karma points into ERC20 tokens on the Ethereum network, in a move that would onboard 500 million users into the cryptocurrency space through its platform.

Join us at DeFi Live, a newly announced conference seeking to provide a platform for the leaders at the forefront of the decentralised finance (DeFi) industry – hosted virtually on November 10th and in-person in London on November 11th.

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Top stories in the Crypto Roundup today:

• Mayors Throughout U.S. Are Embracing Bitcoin
• Congress Passes Infrastructure Bill With Crypto Tax Provision
• Reddit To Convert Karma Points of 500M Users to ERC20 Tokens
• CryptoCompare Becomes DeFi Live Media Partner
• Sponsored: Crypto.com – The World’s Fastest Growing Crypto App

Source: https://www.cryptocompare.com/email-updates/daily/2021/nov/08/