Your weekly brew made up of top stories, key events and some great insights; slow roated & served hot!
In this week’s brew:
Taking to the Sky, Privately!
Prarambh, the Sanskrit word for beginning is the name of demonstration mission of Hyderabad based space startup, Skyroot which is building a series of launch vehicles names after Indian physicst Vikram Sarabhai, considered the pioneer of India’s space program. The first rocket Vikram - S carried three payload with one from a customer outside India.
Through a reform carried out in June 2020, government of India created the program called IN-SPACEe which allowed private players to user ISRO infrastructure to boost space startups.
Read the full story here on TechCrunch
It just isn’t getting better for Cryprtocurrencies
Grayscale Bitcoing Trust holds a total of 643,572 BTC which is worth $10.6B. This is about 3% of the total available bitcoin and makes Grayscale one of the largest holder of the bitcoin.
Now the news has come out that Grayscale owner, Digital Currency Group has reported a debt of about $2B. They also had a large sum locked in FTX and are the owners of troubled crypto lender Genesis.
Here is a report from Yahoo Finance and an Onchain Analysis written on Bitcoin.com
Black Friday bells better: A record high sales
It is not a super jump, but the early estimates of $9.12B shows an upward move in the online sales with about 2.5% increase from the previous year setting a new record. There seems to be some good news in the store for upcoming Cyber Monday as well, as the estimates suggest it could be the biggest shopping day for US at $11.2B.
Here is a report and some additional stats published on Investors
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