Amazon Launches Its Own Alexa-Powered TV and El Salvador Officially Adopts Bitcoin in This Week’s Business and Crypto Roundup

While a federal judge has issued a ruling in the Apple versus Epic Games lawsuit.

Tech 
2,981 Hypes 2 Comments

Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.

HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.

Business

1. Amazon officially announces its own Alexa-powered TV 

The Amazon Fire TV Omni Series will be the brand’s more premium collection, while the Amazon Fire TV 4 Series will offer more accessible models. Amazon also announced a series of other new devices within its Fire TV range.

2. A federal judge has issued a ruling in the Apple versus Epic Games lawsuit

The ruling orders Apple to make changes to its app store while also instructing Epic Games to pay Apple about $3.7 million USD. In addition, the court did not find that Apple’s conduct constituted an illegal monopoly in the mobile gaming market.

3. The global chip shortage could last until 2023

According to BloombergToshiba has expressed concern that the chip shortages could last another two years. “The supply of chips will remain very tight until at least September next year,” said Toshiba’s Takeshi Kamebuchi.

4. Ray-Ban and Facebook launch a pair of smart glasses

Ray-Ban and Facebook have teamed up to create their first pair of smart glasses titled Ray-Ban Stories. The style utilizes Ray-Ban renowned Wayfarer styles.

5. Live spectators are returning to this year’s Thanksgiving Day Parade

Macy’s has just announced the return of spectators to its iconic Thanksgiving Day Parade. The interested can tune in for Macy’s 95th Thanksgiving Day Parade on November 25 at 9:00 a.m. ET until noon.

Crypto

1. Karl Lagerfeld launched its debut limited-edition NFT collection

The NFT collection pays homage to the iconic designer on his birthday and features an animated character of the unmistakable silhouette of the late Karl Lagerfeld. The digital figurines are exclusive and are inspired by the designer’s famous quote, “I am like a caricature of myself, and I like that.”

2. El Salvador will officially use Bitcoin as its national currency

In anticipation of the momentous move, the country has just bought 400 Bitcoins worth approximately $21 Million USD at the time of purchase. Prices in the country will soon be expressed in BTC and most merchants and stores in the country will begin to accept crypto.

3. Marvel Comics drops more ‘Spider-Man’ and ‘Captain America’ NFTs

The collection marks the end of VeVe’s month-long “Marvel month” celebration, which commemorates the publisher’s anniversary. It also features a Marvel 1st Captain America NFT that sees the character during his debut appearance in 1941.

4. An NFT of a “Test” graphic sold for $270,000 USD

FTX sold its own NFT, a handwritten graphic that spelled “Test” at $270,000 USD. . The minimal piece is “extra rare” as mentioned by the platform’s tweet as it is a one and only piece.

5. A bundle of  101 Bored Ape NFTs sold for $24.4 Million USD

A set of 101 non-fungible token depicting cartoon apes from Bored Ape Yacht Club sold for $24.4 million USD at Sotheby’s on Thursday. The images are part of Bored Ape’s wide-spanning collection of NFTs, which is comprised of 10,000 computer-generated, animated apes, crafted by US-based company Yuga Labs.

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