‘NFT’ WORD SELECTED AS COLLINS ENGLISH DICTIONARY’S ‘WORD OF THE YEAR 2021’

December 6, 2021

TL:DR

Happy Monday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

MARKETS

▲ Bitcoin

$49,358.94

+67.75%

▲ Ethereum

$4,208.73

+474.09%

▲ Cardano

$1.35

+667.07%

▲ Solana

$189.38

+10114.70%

▲ Binance

$572.13

+1403.17%

*Cryptocurrency data as of Monday at 11:00 AM PST. YTD% Average

Weekly Review

Last week’s market performance

Green light or red light? Well, unfortunately, RED light.

Last week, the crypto market crashed due to plenty of reasons. Bitcoin, which just a month earlier saw its highest of almost $69,000, suddenly went down to $42,874 briefly and later went close to $50,000. Other alt-coins didn’t perform to their utmost either; however, as the weekend came to an end, it appears the market is slowly recovering! Fingers crossed!

World Policy

China’s Hainan province is the next to target crypto-mining operations

As we have covered extensively about China’s crackdown against cryptocurrencies and mining operations, as it further appears, China wants to ensure that unless or until every mining operation is banned from its soil, the authorities will not rest. Last week we saw the same as the country’s smallest and southernmost province, Hainan, is also arresting miners and increasing electricity rates to discourage mining.

TRIVIA

After Bitcoin, Ether and Tether, which are the biggest crypto coins?

Pick two.

A. Cardano B. Dogecoin
C. Solana D. Binance Coin

Answer Below.

World Policy

India takes a U-turn, says it will only regulate cryptocurrencies

Thankfully, Indian politicians and legal experts took a much-needed U-turn after realizing the internet simply cannot exist without cryptocurrencies. Earlier, the country said it would completely ban them and launch its own Central Bank Digital Currency (CBDC). However, last week government reports said it would not ban cryptocurrencies but are instead looking into ways to regulate them.

Technology

Jack Dorsey, Twitter’s pro-Bitcoin CEO, resigns

Perhaps also the reason for the bullish trend of cryptocurrencies, perhaps not. However, the bitcoin community lost a mighty voice that has actively advocated for adapting cryptocurrencies, primarily bitcoin. The good news is, he is still the CEO of Square Inc that owns CashApp, and has other bitcoin projects in the line.

Finance

Kraken now supports Shiba Inu

The ‘shiba-army’ won again last week as Kraken has now finally listed it on their platform and has allowed the trading to continue after the official account tweeting: we’re thrilled to announce that Kraken has finally listed now supports Shiba Inu (SHIB). However, the fight is not over yet since Shiba Army awaits to be listed on Robinhood, one of the US’s most popular crypto-trading app.

Coin Market Calendar

Date	Project	Website
12/09	XY Finance	$XY
12/09	Crypto Vs Zombie	$CVZ
12/09	Galaxy Fight Club	$GCOIN
12/12	AAG Ventures	$AAG
12/12	Themis	$TMS
12/12	DeHR	$DHR
12/13	Geopoly	$GEO
12/13	The Spartans	$TSP
12/14	Colony	$CLNY
12/14	Nitro League	$NITRO
12/14	Totem	$CITIZEN
12/16	Safle	$SAFLE
12/16	UNQ Club	$UNQ

Connect to our shareable calendar here.

Technology

‘NFT’ word selected as Collins English Dictionary’s ‘word of the year 2021’

As the saga of NFTs rolled out in 2021, many have started to catch up with the craze and do not wish to be left out. As 2021 is coming to an end, Collins English Dictionary, one of the world’s well-known online dictionaries, named “NFT” as its word of the year. The word of the year is an annual trend that Collins gives at the end of each year. Also recognizes “crypto” and “metaverse” amongst the most popular ones in 2021.

Metaverse News

Virtual land adjacent to Snoop Dogg’s Sandbox real estate sells for $450k

The race to purchase virtual real estate is on, and the early investors want to put in as much as possible. Last week, virtual land on a famous metaverse project, The Sandbox, which happened to be adjacent to Snoop Dogg’s virtual land, sold for over a whopping $450,000 ETH or 71,000 SAND. At the moment, the metaverse is very young. Still, early investors know this is a once-in-a-lifetime opportunity, and they want to cash in.

Metaverse News

Adidas enters the world of Metaverse by partnering with Bored Ape Yacht Club

Just after its competitor, Nike, announced to enter the world of Metaverse, Adidas did the same last week. The famous sportswear company will partner with the multi-million NFT project known as Bored Ape Yacht Club (BAYC) and Punk Comic’s comic series. No further details are revealed. However, Adidas says other ‘exciting’ developments are on their way.