SHIBA INU NOW RANKED #9TH CRYPTOCURRENCY IN THE WORLD

November 1, 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

$61,387.85

+108.99%

▲ Ethereum

$4,299.89

+488.84%

▲ Cardano

$1.96

+1017.85%

▲ Solana

$205.95

+11072.41%

▲ Binance

$526.51

+1292.18%

*Cryptocurrency data as of Sunday at 7:00 PM PST. YTD% Average

Weekly Review

Last week’s market performance

Welcome to the meme-coin fight. Yes, we mean it. Last week both Shiba Inu (SHIB) and Dogecoin (DOGE) were neck-to-neck with one another, trying to beat one another on who takes the position from one above another. Apart from this, last week saw Bitcoin maintaining at $62,000 while declining for some time towards $58,000, which some believe was a small correction. Other cryptocurrencies also maintained their newly gained positions.

Automotive

Tesla may soon start to accept Bitcoin as a method of payment

Last week, in its annual submission to the Securities and Exchange Commission (SEC), Tesla submitted that it might very well start reaccepting cryptocurrencies, mainly Bitcoin, as a payment method for the products and services the company offers. The news came after when Tesla halted its plans for accepting Bitcoin citing environmental concerns a few months back. However, that may very well change in the upcoming days.

TRIVIA

Which country outlawed crypto mining due to the surge in illicit coal extraction? Hint: The incident came to light when a coal mine which was revived without permission flooded and trapped 21 miners.

A. Iceland B. Russia C. India D. China

Answer Below.

Finance

Shiba Inu NOW ranked #9TH cryptocurrency

Yes, another meme coin. Last week Shiba Inu broke the internet with its price going up and way up despite some of its investors shifting their gains back to Dogecoin. Shiba Inu’s current price is around $0.00007304, with a market cap of $38.6 billion. Experts say if the much anticipated Robinhood listing comes, there is a great chance Shiba Inu’s price will increase more.

Finance

Mastercard is all set to offer crypto services to any bank or merchant

Last week has rolled out plans to go big on cryptocurrencies. With relations to more than 20,000 financial institutes worldwide and over 2.8 billion Mastercard’s being in use, Mastercard is all set to make a big ripple in the crypto-sphere. Currently, the company has announced its users will be able to collect points in cryptocurrencies (mainly Bitcoin), where otherwise, the airlines or hotel points are given due to loyalty programs. The relationship is expected to grow from there.

World Policy

El Salvador just bought 420 more Bitcoins

Taking full advantage of the market correction, El Salvador’s President tweeted about the new hot Bitcoin purchase when the price of Bitcoins dropped to $58,000. When President tweeted, El Salvador was already in profit, thanks to the sudden increase in Bitcoin price to around $62,000. El Salvador is the first country to make Bitcoin a legal tender, and it seems like the country is in no mood to give up.

Coin Market Calendar

Date	Project	Website
11/03	IotexPad	$TEX
11/04	YIN Finance	$YIN
11/04	Aurora	$AURORA
11/05	HowlCity	$HWL
11/06	Elemon	$ELMON
11/08	Zeitgeist	$ZTG
11/08	Credefi	$CREDI
11/10	Manta Network	$MA
11/10	Numbers Protocol	$NUM
11/10	Guild of Guardians	$GDG
11/15	Trusted Node	$TNODE
11/17	NuNet	$NTX
11/18	Realm Defenders	$TRD

Connect to our shareable calendar here.

Technology

Facebook’s Meta rebranding helps multiverse related coins to rise

With the new rebranding of Facebook, known as “Meta,” which is Metaverse, a new project Mark Zuckerberg aims to achieve as he believes the future is digital led by virtual reality. This is how individuals will socialize with one another shortly. Because of this, Axie Infinity (AXS), Decentraland (MANA), and Metaverse (ETP) are rallying high due to increased user interest in virtual worlds and have been doing quite well ever since Facebook’s plans were released.

NFT News

Disney is all set to enter the NFT world with the help of Veve marketplace

Well, this day was expected to come. After Marvel, Cartoon Network, Back to Future, and DC comics, Disney would enter the NFT race sooner than later. Currently, the plan is to help promote Disney+, which is Disney’s online streaming platform. NFTs will feature characters with their “golden moments” such as Spiderman, Toy Stories, Cars, Finding Nemo, Star Wars, and so on. The sale will commence on 12th November 2021.

Featured Project

BlockBank – the future of banking

This week our featured project includes BlockBank, which aims to be a one-stop solution that combines all the power of decentralized and centralized technologies in a simple, yet secure mobile experience. Last week Blockbank partnered with the hardware wallet manufacturer known as BCVault, a highly rated company for its products to keep crypto safer and secure. This deal will ensure every component of the wallet is quality controlled and will connect with the features of Blockbank. Furthermore, Blockbank is training its bot to help users make better financial decisions than ever before. The AI bot is currently under training and will provide financial guidance on Cefi, Defi, and staking decisions.

TRIVIA ANSWER

D. China China’s escalating push to rein in cryptocurrency mining was triggered in part by concern that the practice has stoked a surge in illicit coal extraction, endangering lives and undermining Xi Jinping’s ambitious environmental goals. Rising coal demand prompted some producers to restart idled mines without official approval, leading to higher safety risks and a jump in deadly accidents this year, the person said.