🔥 Ethereum sees first consecutive week of deflationary issuance
More than $65 million worth of ETH is currently being burnt daily by the Ethereum network.
With gas prices sustaining at high levels, Ethereum has seen seven consecutive days of deflationary issuance for the network, meaning that more ETH has been removed from supply than created through mining.In order for Ethereum to consistently produce deflationary blocks, gas prices must consistently remain roughly above 150 gwei.
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More than $65 million worth of ETH is currently being burnt daily by the Ethereum network.
With gas prices sustaining at high levels, Ethereum has seen seven consecutive days of deflationary issuance for the network, meaning that more ETH has been removed from supply than created through mining.In order for Ethereum to consistently produce deflationary blocks, gas prices must consistently remain roughly above 150 gwei.
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📈 Polkadot Flips XRP After New All-Time High, Parachain Auctions Near
The native token of the Polkadot blockchain, DOT, tapped a new all-time high price as the highly anticipated parachain auctions for the network approach.
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The native token of the Polkadot blockchain, DOT, tapped a new all-time high price as the highly anticipated parachain auctions for the network approach.
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🦑 Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero
SQUID, the cryptocurrency inspired by Netflix’s hit TV series ‘Squid Game’, turned out to be part of an alleged $3.38 million scam scheme as its value fell to zero at the start of the month.
Last week, the token made the headlines because it significantly skyrocketed by over 75,000% to hit $2,850.
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SQUID, the cryptocurrency inspired by Netflix’s hit TV series ‘Squid Game’, turned out to be part of an alleged $3.38 million scam scheme as its value fell to zero at the start of the month.
Last week, the token made the headlines because it significantly skyrocketed by over 75,000% to hit $2,850.
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🏦 Commonwealth Bank to enable crypto trading for 6.5M Aussies, 'other banks will follow'
The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit.
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The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit.
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🔄 Bitcoin Taproot Is Around The Corner
The highly anticipated Bitcoin protocol update, Taproot, is going to activate when it reaches block #709,632, believed to happen around November 16. It will bring many improvements by replacing ECDSA signatures with Schnorr signatures, enhancing privacy, scalability, security, and lowering fees.
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The highly anticipated Bitcoin protocol update, Taproot, is going to activate when it reaches block #709,632, believed to happen around November 16. It will bring many improvements by replacing ECDSA signatures with Schnorr signatures, enhancing privacy, scalability, security, and lowering fees.
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Gavin Wood, one of the co-founders of Ethereum with Vitalik Buterin, later left Ethereum in 2016 and began his own chain.
Which one is it?
Which one is it?
Anonymous Quiz
37%
Cardano
39%
Polkadot
17%
Solana
7%
Harmony
🏃 Survey finds lower paid workers are quitting jobs thanks to crypto profits
Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets.
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Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets.
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⚠️ After Squid Game rug-off, report reveals Google Ads phishing, other scam warnings
This new method of scam is noteworthy as it doesn’t rely on email links to wallet owners or fake tokens. Instead, it targets users attempting to download and install the most used crypto wallets.
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This new method of scam is noteworthy as it doesn’t rely on email links to wallet owners or fake tokens. Instead, it targets users attempting to download and install the most used crypto wallets.
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⚠️ House passes $1T infrastructure bill with crypto tax for Biden's approval
The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.
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The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.
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🇧🇷 Brazilian federal deputy proposes crypto payment option for workers
Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies.
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Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies.
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ℹ️ How Solana came up in Crypto
Amongst all of the madness, one coin in particular has turned heads and caught eyes in recent months. That coin is called Solana – also known as SOL. Let’s take a quick dive into some of the details around Solana.
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Amongst all of the madness, one coin in particular has turned heads and caught eyes in recent months. That coin is called Solana – also known as SOL. Let’s take a quick dive into some of the details around Solana.
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📰 This Week In Crypto (44)
1. Game over! The SQUID Scam Collapses
2. House passes $1T Infrastructure Bill with Crypto Tax for Biden's approval
3. Amazon Hiring a Crypto Specialist
4. CryptoExplorer Pro Launched Free Video Courses
5. ETH, SOL, and DOT Reach All-Time Highs
CW43 (last week)
1. Game over! The SQUID Scam Collapses
2. House passes $1T Infrastructure Bill with Crypto Tax for Biden's approval
3. Amazon Hiring a Crypto Specialist
4. CryptoExplorer Pro Launched Free Video Courses
5. ETH, SOL, and DOT Reach All-Time Highs
CW43 (last week)
📈Record whale accumulation precipitated latest all-time high Bitcoin breakout
Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%.
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Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%.
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🌐 Brave To Integrate Solana Blockchain Into Its Privacy-Centric Browser
The team behind Brave Browser has announced that the privacy-focused browser would be integrating with the Solana blockchain. The partnership will allow Solana to bring Solana-based decentralized applications (dApps) to the Brave browser.
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The team behind Brave Browser has announced that the privacy-focused browser would be integrating with the Solana blockchain. The partnership will allow Solana to bring Solana-based decentralized applications (dApps) to the Brave browser.
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🍎 Apple CEO Tim Cook Reveals Cryptocurrency Investments
While Apple is yet to make a move into the crypto space, its CEO has.
Speaking at the Deal Book Online Summit Tuesday, Apple CEO Tim Cook revealed that he uses and holds cryptocurrencies.
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While Apple is yet to make a move into the crypto space, its CEO has.
Speaking at the Deal Book Online Summit Tuesday, Apple CEO Tim Cook revealed that he uses and holds cryptocurrencies.
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🏹 Robinhood COO praises Shiba Inu as crypto wallet waitlist grows to 1.6M
Pressure is mounting for Robinhood to list one of the most popular meme coins on the market and the waitlist for the platform's crypto wallet has grown to 1.6 million users.
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Pressure is mounting for Robinhood to list one of the most popular meme coins on the market and the waitlist for the platform's crypto wallet has grown to 1.6 million users.
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🇳🇬 Nigerian banks tracking customer accounts for crypto trading
In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading.
The action is in response to an order from the Central Bank of Nigeria (CBN) demanding that all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading.
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In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading.
The action is in response to an order from the Central Bank of Nigeria (CBN) demanding that all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading.
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ℹ️ What Are Polkadot’s Parachain Auctions?
-The Polkadot ecosystem will host projects on individual networks called parachains.
-The first Polkadot parachain auction is set to begin today (Nov. 11).
-Acala, Moonriver, and Phala are three standout projects hoping to launch on Polkadot.
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-The Polkadot ecosystem will host projects on individual networks called parachains.
-The first Polkadot parachain auction is set to begin today (Nov. 11).
-Acala, Moonriver, and Phala are three standout projects hoping to launch on Polkadot.
🔗 Read more
