Coin Market LA

ONLY 10% OF BITCOIN’S SUPPLY IS LEFT TO MINE (IT’S CLOSING IN FAST)

To: CMLA Readers

ONLY 10% OF BITCOIN’S SUPPLY IS LEFT TO MINE (IT’S CLOSING IN FAST)
December 21, 2021

Coin market
 
TL:DR
Happy Tuesday, 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 $48,418.78
+64.83%
Ethereum $3,991.87
+443.58%
Cardano $1.25
+613.70%
Solana $177.80
+9522.85%
Binance $526.22
+1282.23%
*Cryptocurrency data as of Tuesday at 10:30 AM PST. YTD% Average
 
 
 
Weekly Review
Last week’s market performance
 
 
Unfortunately, it looks like bears are roaring loudly! The bear market continues, and the price of bitcoin last week dropped to $45,598 for a bit and then gradually maintained between $46k to $50k. The price of altcoins didn’t do much either, apart from Avalanche AVAX and Terra LUNA making them both enter the top ten list of cryptocurrencies in terms of their market cap. Experts believe the market will stay like this for a while, so let’s hold tight!
 
 
 
Technology
Flexa integrates Shiba Inu into its platform
 
 
Last week there was great news for the “Shiba Army,” as the famous Gemini-backed digital payments app known as Flexa integrated Shiba Inu into its platform. Because of this, Shiba owners can now shop to over 40,000 locations across the US and Canada, including some of the most notable stores such as Lowe’s hardware, Office Depot, Nordstrom, and Whole Food Market.
 
 
 
TRIVIA
The logo for this popular blockchain can be described as “An Octahedron in a platonic solid” *
A. Cardano     B. Ethereum  
C.
 Tron   D. Binance
Answer Below.
 
 
 
Technology
Robinhood partners with Chainalysis to launch its digital wallet
 
 
To remain true to its promise, Robinhood became one step closer last week to launch a crypto wallet of its own, which is expected to launch for all users in 2022. It has partnered with Chainalysis, a leading blockchain analytics company that Robinhood believes will help monitor compliance solutions through the adaptation of Know Your Transactions KYT.
 
 
 
Technology
Only 10% of bitcoin’s supply is left to mine
 
 
Last week bitcoin reached another milestone. According to the data by Blockchain.com, bitcoin’s circulation has crossed over 18.899 million out of its total 21 million supply. The milestone is significant as bitcoin achieved it in about 12 years. However, it did not help bitcoin reach a bull market, and the price has remained below $50,000.
 
 
 
Finance
Tesla to accept dogecoin as payment for merchandise, says Musk
 
 
To see how it goes? The Doge-father or Elon Musk has announced Tesla’s plans to sell some merchandise or merch for Dogecoin. He said this just after saying in an interview that dogecoin is ‘better’ than bitcoin as it provides a much more convenient way to transfer payments. However, what kind of merchandise one can expect has not been announced by him.
 
 
Coin Market Calendar
Date Project Website
12/22 MeanFi $MEAN
12/29 Arenum $ARNM
Connect to our shareable calendar here.
 
 
 
Finance
Kraken CEO thinks US dollar will go to $0, and bitcoin under $40,000 is buying opportunity
 
 
Jesse Powell, CEO of Kraken, wants people to bet big on bitcoin and is worried about US dollars. Last week in an interview with Bloomberg, the CEO said the current bear market is the right opportunity for buyers to purchase bitcoin and wants them to speed up the process because the US dollar may soon lose its value due to ‘hyperinflation.’
 
 
 
NFT News
Nike purchases famous NFT marketplace known as RTFKT
 
 
Last week, Nike went on an NFT shopping spree and bought a famous NFT collectible startup known as RTFKT (pronounced: artifact) that merges NFTs with culture and gaming. Nike did not announce what it aims to do with the marketplace, but it is expected to use it as a launchpad to sell its own NFTs.
 
 
 
NFT News
$100 million stolen from Vulcan Forged NFT Marketplace
 
 
Last week, another major cyberattack hit, and this time Vulcan Forged, a famous NFT marketplace, was the target. Over 148 wallets holding PYR tokens were compromised, and over 4.5 million PYR were stolen, or about roughly $100 million. Luckily, other wallets weren’t attacked, but the marketplace has announced it will do everything in its power to ensure the event as such does not happen again.
 
 
 
TRIVIA ANSWER
C. Tron

Tron is a blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Founded in 2017 by a Singapore non-profit organization, the Tron Foundation, Tron aims to host a global entertainment system for the cost-effective sharing of digital content.

 
 
Say Hello
Networking, advertising enquiries or to say ‘hola’ – hey@coinmarket.la
3154 Glendale Blvd. #1022
Los Angeles, CA 90039, United States


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