Crypto Headlines Nov 5, 2021

  1. What’s Behind the Rise of SOL, the $72 Billion Crypto Breakthrough 

SOL, a cryptocurrency that runs on the Solana blockchain, is being talked about as a potential long-term competitor with Ethereum. That’s because it’s more than just a coin: Solana and Ethereum have both developed support among coder communities, who have built functions like smart contracts and NFTs on the platforms. SOL shooting up the charts to be the fourth-largest crypto out there, with a market cap of $72 billion as of Thursday morning in New York. Solana’s tech allows many, many more transactions per second so the miners who validate transactions on Solana charge much less than those for Ethereum.

After McDonald’s, another fast food biggie, Burger King, has jumped into the digital currency world. In a recent announcement, the company said that people who join their Royal Perks loyalty programme and spend at least $5 using its app can win Bitcoin, Dogecoin or Ethereum. Bringing NFT into the beverages space, a liquor company sold its own NFTs and it was a big hit. Glenfiddich Whisky sold 15 bottles of rare whisky priced at Rs 13.5 lakh each, with NFTs. Burger king  The fast food chain has partnered with online brokerage firm Robinhood to give away these digital currencies to a handful of winners. The eatery announced that they will give away 20 bitcoins, 200 ethereum and 2 million dogecoins.

Tungsten cubes are one of the most popular memes in the world of cryptocurrency right now, a realm where value is defined as much by attention as anything tangible. A tungsten tube  14.545 inches across, weighs one ton (around 907kg or 2,000lbs), and just sold to a group of anonymous crypto investors for roughly $250,000 because it’s the biggest tungsten cube ever to be manufactured by Midwest Tungsten Service of Willowbrook, Illinois. The cube will not be available to view until 12 weeks after the first sale.

Sysorex the preeminent, U.S.-based, publicly traded Ethereum mining and technologies company, today announced that it has completed the acquisition of the remaining 50% of the upstate New York data center that houses the majority of its approximately 500 Gigahash of compute capacity, which is online, continuously mining Ethereum and securing the Ethereum Blockchain. Sysorex operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. . Following the Company’s merger with TTM Digital Assets & Technologies, Inc. (“TTM”), the Company shifted its primary business focus to the mining of Ether (ETH) and opportunities related to the Ethereum Blockchain.

GateChain is a next-generation blockchain developed by in 2019 to grow and expand the ecosystem. Leading crypto exchange, recently announced that its public chain, GateChain enables cross-chain interoperability for its NFT marketplace, NFT Magic Box. Launched in late June 2021,’s NFT Magic Box marketplace was developed to expand the digital art ecosystem in a unique way while putting emphasis on providing artists with a cost-effective, accessible platform. hopes to develop an ecosystem that brings together artists and collectors from across the different blockchains which NFTs are being built on.

Streamr is a decentralized network for real-time data transport. Real-time data services are needed when you receive a notification on your phone, or when someone sends a tweet. The Streamr Network, which is not a blockchain, had in total 130,000 nodes joining throughout its testnet phase that ran over the course of the past two months. The Ethereum Blockchain has 3,000 nodes and the Bitcoin Blockchain around 12,000 nodes on a daily average. In order to run a node on the Streamr Network, node runners did not require top-notch hardware.  

Crypto-philanthropy is an emerging field that’s just been made easier by Australian philosopher Peter Singer’s charity, The Life You Can Save, which now takes donations in bitcoin and in 40 different types of cryptocurrency. Cryptocurrency donations are currently exempt from capital gains tax. This enables donors to maximise their contributions to their chosen charity or not-for-profit. All donations are facilitated by US startup The Giving Block, which was co-founded in 2018 by Alex Wilson and Pat Duffy as a platform to help NFPs accept cryptocurrency donations and allow donors to identify which charities accepted crypto donations.

Spike Mutant Protein presents an excellent opportunity to save the world. Inspired by COVID-19, Spike Mutant Protein is a deflationary asset based on the Ethereum blockchain. Upon the launch of Spike Mutant Protein, available will have access to a limited number of the asset to create scarcity so that the token will be valuable. According to the roadmap, Spike Mutant Protein will be released for interested investors to purchase in 5 volumes. The team behind Spike Mutant Protein has asserted that from volume 1 to 5, the unique NFTs will be airdropped for early investors to catch-in on the bandwagon.

LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA. LBank is an ever-growing crypto trading platform which offers safe trading for the users worldwide. The team aspires to build the professional integration services for crypto-assets being a convenient trading platform. It has become popular with over 6.4 million users around the world. Polygon is investing heavily into ZK and ZK Rollup technology, for example, the team has already spent $250 million on acquiring Hermez, which is a decentralized, open-source ZK Rollup optimised for secure, low-cost and usable token transfers on the wings of Ethereum. 

  1.  Cuban Artists to Launch Ambitious NFT Collection 

Cuban artists will launch a wide collection of digital portraits through non-fungible tokens (NFT) in December with the purpose of creating the “Crypto Cuban Social Club. The collection of portraits portrays the positive and the negative of the current reality in Cuba. Taking advantage of the NFT boom, Cuban artists have launched this collection to describe today’s Cuba. The island, ruled by the Castro family for six decades, is a cluster of cities in ruins. Cuba is a country stopped in time with bad public services, outdated cars, and hunger. The artists said the goal is to create a “unique community that will connect our music and culture with the rest of the world.”