Cryptocurrency market capitalization neared the $3 trillion mark on Nov. 9 as the two biggest cryptocurrencies—Bitcoin and Ethereum—were trading just off their all-time highs, according to data from CoinMarketCap. Bitcoin surged past the $68,000 mark for the first time on Monday, briefly touching a record high of around $68,500, according to Coinbase, with the world’s…
Crypto Market Nears $3 Trillion Milestone on Bitcoin and Ethereum Record Surge
November 9, 2021
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Whale Transfers $997M of DOGE as Price Breaks out Towards $0.30
Meme-based cryptocurrency Dogecoin (DOGE) surged 13 percent in the last 24 hours and its price began to approach the $0.30 mark. What Happened: As of Monday morning at publication, DOGE was trading at $0.2804 and its market cap exceeded $37 billion. The coin recorded a 231.63 percent uptick in daily trading volume which stood at…
Crypto Rally Sends Ethereum to New High, Bitcoin Near Record Price, Ahead of Inflation Data
Cryptocurrencies started the week off on a solid footing, with Ethereum vaulting on Nov. 8 to a new record high and Bitcoin trading close to its all-time high, ahead of a closely-watched inflation data release later in the week. Ethereum was trading at $4,730.38 on Coinbase at 7:31 a.m. New York time, after a sharp…
Infrastructure Bill to Be Signed by President Biden Includes Tax Provision Concerning to Cryptocurrency Community
On Friday, the House of Representatives passed a $1.2 trillion infrastructure bill in a 228–206 vote, sending the legislation to President Joe Biden for his signature. The bipartisan infrastructure bill contains a cryptocurrency tax reporting requirement. The Infrastructure Investment and Jobs Act would put $550 billion of new funding into transportation projects, the utility grid,…
Shiba Inu Kabosu Dog Behind the Doge Meme and Dogecoin Turns 16
Kabosu, the Shiba Inu dog in Japan that inspired the Doge meme, turned 16 this week. The Shiba Inu (SHIB) dog named Kabosu became famous in 2010 when her owner Atsuko Sato began blogging about the rescue dog. She also posted many photographs of the rescue dog, which got huge popularity on Instagram. In the…
Miami Mayor to Accept Next Paycheck 100 Percent in Bitcoin
Miami Mayor Francis Suarez said Thursday on Fox Business’ Cavuto: Coast to Coast that he will be accepting his next paycheck entirely in bitcoin in a move to showcase Miami as one of the most “innovative cities on the planet.” Suarez, 44, made the announcement as a followup to a tweet reply by Anthony Pompliano,…
Coinbase Allows Users to Borrow up to $1 Million, Using Bitcoin as Collateral
Cryptocurrency exchange Coinbase is now allowing customers to borrow up to 40 percent of their bitcoin value using bitcoin as collateral, the company announced Tuesday. Coinbase users can borrow as much as 40 percent of the value of the Bitcoin in their account, up to $1,000,000, and can use either their bank account or PayPal to access the cash with…
Commonwealth Bank Pushes Australia Into the Lead in Cryptocurrency: Expert
The Commonwealth Bank of Australia’s (CBA) decision to offer cryptocurrency services to customers has pushed Australia into becoming a leader in the industry, an expert said. CBA announced on Nov. 3 that it would partner with crypto exchange and custodian service Gemini and blockchain analysis company Chainalysis to become the first Australian bank to offer…
Quentin Tarantino Auctioning Several Uncut Scenes From ‘Pulp Fiction’ as NFTs
November 3, 2021
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Award-winning director Quentin Tarantino will be auctioning several uncut scenes from “Pulp Fiction” as secret non-fungible tokens, or “NFTs,” he announced on Tuesday. The NFTs include original handwritten scripts from the film and exclusive audio commentary from Tarantino himself, and feature “never-before-told secrets,” according to a statement from the Secret Network. “I’m excited to be presenting these…
Squid Game Cryptocurrency Collapses in Apparent ‘Rug Pull’ Scam
The popular cryptocurrency known as “SquidGame Cash” or “SQUID” has collapsed amid an apparent “rug pull” scam. The digital token, which appeared in the wake of the success of Netflix’s South Korean survival drama series “Squid Game,” marketed itself as a “play-to-earn cryptocurrency” on the Binance Smart Chain (BSC). The token is not officially affiliated with Netflix….
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