We tell you what you need to pay attention to in November and important events for the crypto world
November 4-6, 2024: Crypto Assets Conference (CAC) in Germany
The Crypto Assets Conference (CAC), an annual conference dedicated to digital assets, blockchain technology and financial innovation, will be held in early November.
CAC 2024 will take place November 4-6 in Frankfurt am Main, Germany, and will bring together experts, developers and opinion leaders in blockchain, financial technology, tokenization and regulation. This year's event will focus on asset tokenization, digital and decentralized finance and (DeFi), regulation and legal aspects, and institutional investment in digital assets.
The conference will feature keynotes, panel discussions, presentations of new projects and startups, and Q&A sessions. Participants will include more than 1,000 professionals, including representatives of financial companies, blockchain startups, large corporations and government agencies.
November 15, 2024: eCash (XEC) - Heartbeat update
eCash has announced an upcoming fork that aims to improve network scalability and support faster transactions. After the update, blocks on the eCash network will be made every 10 minutes.
The eCash project (XEC) emerged in July 2021 after rebranding Bitcoin Cash ABC (BCHA - a modified copy of Bitcoin Cash). Developers say the goal of eCash is to “implement the idea of bitcoin creator Satoshi Nakamoto” to use cryptocurrency as electronic cash, with improved performance and functionality to compete with centralized payment systems.
November 18, 2024: Internet Computer (ICP) launches Bitfinity solution on the core network
Bitfinity L2, a Layer 2 solution for Internet Computer Protocol (ICP), is scheduled to launch on November 19, 2024. This project will give ICP compatibility with the Ethereum Virtual Machine (EVM) software environment, allowing developers to create DeFi applications that interact with assets on both the Bitcoin and Ethereum networks. Key network assets such as Chain-key Bitcoin (CKBTC) and Chain-key Ethereum (CKETH) will gain additional capabilities through increased liquidity and integration with DeFi protocols.
EVM support in Bitfinity L2 will significantly speed up transactions and reduce their cost compared to Ethereum, making the platform promising for DeFi and other blockchain applications. The project is attracting interest from investors and developers due to the Internet Computer's enhanced capabilities and integration with the bitcoin network.
Unlocking Tokens in Major Cryptoprojects
Several major unlockings of cryptocurrencies with a combined value of more than $1 billion are planned for November 2024.
Celestia (TIA): nearly 1 million TIA tokens are scheduled to be issued on Nov. 2, valued at about $4.76 million. These tokens will be given to early investors and core participants in the project.
Aptos (APT): On Nov. 12, Aptos will unlock approximately 11.31 million tokens, valued at $171 million. These funds will go to core contributors, investors and the Aptos Foundation, representing about 10% of the circulating token supply.
Avalanche (AVAX): On Nov. 24, 9.5 million AVAX tokens worth approximately $110 million are expected to be unlocked and will be distributed to strategic partners, team members and Airdrop winners.
Optimism (OP): OP will unlock about 31.34 million tokens worth $53 million at the end of the month on Nov. 30.
Also in November, major token unlocks are expected for the following projects: Meme, Cardano, Banana Gun, Bitget Token, Starknet (STRK), ApeCoin (APE), Oasis Network (ROSE), SPACE ID (ID), Yield Guild Games (YGG).
