Daily Crypto News- World’s largest car auction house accepts payments in cryptocurrencies

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News 1: World’s largest car auction house accepts payments in cryptocurrencies

The world’s largest car auction house by total sales, RM Sotheby’s, announced on November 17 that the company will now accept payments in cryptocurrencies via Bitpay.

RM Sotheby’s is a classic car and investment quality auction house located in Blenheim, Ontario, Canada. It was previously known as RM Auctions. Since 2015, the car auction company is partially owned by the leading fine art and luxury goods auction house Sotheby’s.

News 2: Bullz – The Tiktok of Crypto Is Growing in Adoption

BULLZ, the new app for sharing and earning with videos on favourite crypto picks, has already amassed crypto and lifestyle influencers with a combined reach of 26.8+ million. Within 4 weeks of release, top creators, including melissasantos, jollygreeninvestor, thestockbunny, joeybirlem, gavin_mayo, and many more, have already discovered BULLZ and its new monetization opportunity for themselves.

News 3: NFT music marketplace Royal raises $55M in Series A round

On-chain music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz.

Royal allows fans to buy music rights via non fungible tokens (NFTs). Its co-founders, entrepreneur JD Ross and DJ Justin Blau who goes by the stage name 3LAU, announced on Nov. 23 they had closed a $55 million Series A funding, following a $16 million seed round in August.

News 4: Texan Bitcoin mining power demands could jump 5 times by 2023

As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023.

The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates that demand could increase as much as fivefold by 2023 and has planned an additional 3,000 to 5,000 MW according to reports.

News 5: Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years

A bitcoin whale wallet has been reactivated after almost a decade of dormancy. Wallets being reactivated after long periods of dormancy are no longer new to the market at this point. These whale wallets; usually carry tens of millions to hundreds of millions worth of BTC by the time the wallet owners reactivate them. Bitcoins; like these were acquired at meager prices; but the market uptrend in the past couple of years has turned what were initially thousands of dollars into millions.