Crypto Headline Roundup Nov 1, 2021

  1. The Next Shiba Inu? Facebook Meta Sends The Price Of This Minor Bitcoin Rival Soaring 300% To $6 Billion

The shiba inu price has surged almost 1,000% this last month alone, far outpacing bitcoin’s mere 50% rally. Shiba inu, the meme-based bitcoin rival that’s rocketed up the crypto price charts in recent weeks, has left those that missed out searching for the next viral cryptocurrency. Now, following Facebook’s corporate rebrand to Meta and founder Mark Zuckerberg’s focus on creating a virtual so-called metaverse, the price of Decentraland’s mana cryptocurrency has added 300% this week—giving it a total market capitalization of around $6 billion.

 The Wharton School of the University of Pennsylvania, which is the business school of the University of Pennsylvania (America’s first university), is accepting crypto as payment for a new course on blockchain technology and cryptoassets. Interestingly, one of the payment methods for the tuition fee, which is $3,800, is crypto, which here means Bitcoin, Ethereum, or stablecoin USD Coin (USDC). Wharton is world’s first collegiate business school. Past Wharton students include Tesla CEO Elon Musk, Alphabet CEO Sundar Pichai, Berkshire Hathaway CEO Warren Buffett, and Johnson & Johnson CEO Alex Gorsky.

Taking place at 12:00 a.m. Eastern Time on October 31st), “NFTS ARE DEAD” will serve as Decentraland’s official Halloween party. “It’s so good to be back into the metaverse to celebrate Halloween,” shared Ookay. “The Decentraland community has been so good and receptive to me and. I can’t wait to party with everyone again soon!” Guests are invited to wear their best costume for photo opportunities, a costume contest and other fun surprises. For newcomers to Decentraland, the event will showcase the boundless creative possibilities that are now possible inside the metaverse.

The reason why Solana has quickly climbed up the ranks of blockchains in the DeFi space is its efficient decentralisation mechanism involving proof of stake and proof of history. Currently, it sits in the third position after Ethereum and Binance Smart Chain (BSC). Given the exceptional potential of the Solana blockchain and its state-of-the-art architecture, I would expect SOL to reach $340 by the simple analysis of the Fibonacci retracement on the SOL/USD chart.

NFTs, or non-fungible tokens, are a kind of digital contract that verifies ownership of something. The inventor of Bitcoin created this technology, but once there was sufficient proof of concept, other applications evolved out of it. Ethereum was the first. They used the same technology to create digital contracts. So think of it this way: Bitcoin = Blockchain money.Ethereum = Blockchain contracts. These contracts are called “NFTs.”   NFTs are available for as little as $1 and the value is ultimately determined by the market.

2TM is the parent company of Mercado Bitcoin. It holds the title of being the largest crypto exchange in Latin America.  2TM Group acquires a $1 million stake of $PRINTS tokens in the Fingerprints DAO. In particular, the latter is the leading NFT collections and curation group. The Founder of Fingerprints DAO — Luiz Ramalho says: ” We are thrilled to welcome 2TM Group to the ranks of our members. By joining the DAO, 2TM gains exposure to the bustling global NFT scene and gains a chance to explore a novel organization model, which I am sure, will be adopted by more and more communities moving forward into the future “.

Ethereum is currently exchanging hands at $4,331.15, up 12.4% in the last seven days, according to CoinGecko.  According to Etherchain, Ethereum has burned 10.04 ETH worth $43,484 every minute over the last 24 hours.  The Ethereum supply-tracking site is also following the rate at which ETH is burned in real-time while putting the spotlight on platforms where the largest transactions have originated. 

In first three quarters of 2021, venture capitalists emptied a record $21.4 billion into digital currency and blockchain-related organizations, in 1,196 arrangements, as per Pitchbook, a market information supplier. A16Z is backing a network called Helium. This “decentralized wireless infrastructure” company hopes to someday compete with established brands like Verizon or AT&T. Axie Infinity, a Pokemon-inspired game with collectible characters that breed monster offspring and battle online, relies on a model called “play to earn,”. This game is decentralized, meaning players access it on the Ethereum blockchain and not through an app acquired via Google or Apple, arguably curbing the dominant role those companies play and the fees they extract. 

According to a recent post via LinkedIn, Amazon Web Services (AWS) is looking for a tech-savvy specialist to conduct digital asset underwriting, transaction processing and custody in the cloud. The decision to tailor its infrastructure to the likes of cryptocurrency transaction processing and custody will be seen as a smart move. Tech giant IBM is also making similar moves towards the cryptocurrency space. Amazon’s move into cryptocurrency has been anticipated amongst experts for some time. It has always been expected that the firm will include some kind of payment token. By accepting cryptocurrency, Amazon could save millions each year in credit card processing fees and reduce exposure to credit card charge backs.

  1. Patreon may let you reward creators with crypto 

Patreon has fared well despite early pandemic jitters and raised $90 million just a year ago, but there’s little doubt the service is trying to court as many creators as possible. TechCrunch reports Patreon executives Jack Conte and Julian Gutman said at The Information’s latest summit that the company was “evaluating” the use of crypto, including a previously hinted-at possibility of allowing “creator coins” that fans can buy to show support. Patreon was “interested” in studying the potential benefits of NFTs and related technologies for creators looking to sustain a business , said Julian Gutman.