Monthly Archives: November 2021

El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare

As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins Purchased to Date El Salvador has taken advantage of the Friday sell-off and purchased 100 more bitcoins as reports of a new coronavirus variant spread. The Salvadoran president, Nayib Bukele, tweeted on […]

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NFT land sells for 550 ETH, eToro to delist ADA and 1M ETH burned since August: Hodler’s Digest, Nov. 21-27

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Axie Infinity virtual land slot sells out for 550 ETH A plot of virtual land in the widely popular monster-battling NFT game Axie Infinity sold for 550 Ether (ETH) this week, with the sum worth more than $2.2 million at the time of […]

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‘We’ve All Decided Centralized Banking Is Rigged’ — South Park Episode Features a Bitcoin-Only Future

South Park’s recent episode called the “Post COVID” special mocks a future where the only currency accepted is bitcoin and other cryptocurrencies. The hour-long animated sitcom picks up years into the future where the main characters are now all grown up, except Kenny McCormick who is dead. Stan Pays for a 1 Night Stay at the ‘Super 12 Motel Plus’ in the Future Using Bitcoin The popular television sitcom South Park featured on Comedy Central is extremely well known in today’s pop culture ever since Trey Parker […]

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The U.S. Dollar Implosion: Questions To Consider For Non-Bitcoiners

One approach to orange pilling no-coiners is to simply draw attention to the various economic uncertainties facing the U.S. Dollar today. November 2021 Summary The purpose of the article is to examine the current state of the U.S. dollar in reference to the average American’s mentality during economic hardship. The article will serve as a potential onboarding ramp for non-bitcoin holders through an exploration of current events and posing of questions to the reader. Pre-Introduction, From Me to You, Before We Begin… If you currently work, or […]

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Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days

30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain Bridge TVL Continues to Climb While the total value locked in decentralized finance (defi) is $258 billion, the TVL is split among a myriad of blockchains. This includes blockchain networks such as […]

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Online content streaming is dead. Long live the music NFTs

Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming service defined a whole generation and enabled musicians to share their creations with the world. Streaming has become the dominant format for music today, through Apple, Amazon, Tencent Music and the clear […]

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The Holy Grail for crypto traders: Consistent average returns over 5%

Over 2,000 data points consistently demonstrate a singular truth: Crypto asset prices tend to increase when this quant algorithm identifies bullish conditions. If you look at crypto assets’ price movements as a series of isolated events, the picture is messy. Sure, some traders can occasionally win big off one-time events or thanks to sensing a meme-inspired trend. In the long run, however, most of these “fortuitous” traders tend to lose. Why? Because they have to pick big-time winners to cover all the times they miss their targets. […]

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Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin

As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine can get up to $326 per day. Scrypt coins are the second most profitable these days with up to $110 per day and Ethash miners can make up to $105 per day. Kadena, Scrypt, Ethash, and Eaglesong Mining […]

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Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July

Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming network difficulty adjustment, which is due to change on Sunday. After nine increases in a row and for the first time since mid-July, the difficulty will drop lower instead of increasing. Bitcoin Hashrate Slides Following Price Drop — Mining Difficulty Decrease […]

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Facebook’s centralized metaverse a threat to the decentralized ecosystem?

Facebook’s metaverse plans have caused discomfort in the crypto community, but there’s every reason to believe in a decentralized future for metaverses. Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make. Suddenly, major news outlets were awash with explainer articles, while […]

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