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Cardano (ADA) is on track with its “digital transformation” of Ethiopia
Hoskinson and the team "Dropped by" Ethiopia's Ministry of Education for a follow-up on the student credential system first mentioned in August.
"Dropped by the MOE today to discuss the digital transformation of Ethiopia's educational credentials. Five million students on schedule."
Source
↪️https://t.me/Cryptocurrency_Inside
Over $3b Worth of ETHereum burned Since Ethereum Hard Fork Upgrade
According to Etherchain, Ethereum has burned 10.04 ETH worth $43,484 every minute over the last 24 hours. The blockchain has already burned 698,903.60 ETH, equivalent to $3.02 billion at time of writing.
Source
↪️https://t.me/Cryptocurrency_Inside
Alt Season
The definition of alt coin season is 'If 75% of the Top 50 coins performed better than Bitcoin over the last season (90 days)'
So far this isn't the case at the moment. I don't personally think we're in Alt Coin season, BTC only just hit a ATH and retraced, it hasn't had a blow off yet.
Some alts are pumping (and meme coins) but many are still far below their May prices. I think we'll need to wait till Jan or so for the real alt coin season
Here's a nice website to add to your bookmarks next to your Rainbow chart
Source
↪️https://t.me/Cryptocurrency_Inside
Historical BTC price behavior in November 📈
Source:Tradingview.com
↪️https://t.me/Cryptocurrency_Inside
BTC update:
BTC daily close was above $62k which was good and currently it is retesting the dotted trendline. We can expect a bounce coming in but BTC really needs to break and stay above the resistance level. Until and unless it goes above the resistance, things will remain skeptical.
A drop will possibly bring the price back to $60k support level.
We are holding our trades with low leverage and SL.
Stay tuned for more updates.
↪️https://t.me/Cryptocurrency_Inside
Around 41% of shiba inu's total supply is burned
Shiba inu investors have been riding high on the meme token's eye-popping rally in recent days.
But what many may not realize is about 41% of the token's total supply is burned - meaning those coins are not in circulation anymore, data by Etherscan showed. Though the address can look like a single person or entity owns that amount, it is in fact a "black hole," where shiba inu coins are burned out of circulation.
Source
↪️https://t.me/Cryptocurrency_Inside
Movie Giant AMC Considering Accepting Shiba Inu
AMC Theatres, the number one movie theater chain in the world, is considering adding the Shiba Inu cryptocurrency as a means of payment for tickets and concession stand purchases.
CEO Adam Aron has set up a poll on his Twitter account, asking if the company should accept "the Dogecoin killer."
Source
↪️https://t.me/Cryptocurrency_Inside
BREAKING: Australia’s regulator gives green light to Bitcoin ETFs
Australia’s corporate regulator has given the green light to a range of cryptocurrency-related ETFs, which could see Bitcoin and Ethereum-backed investment funds trading on the ASX in the coming months.
Source
↪️https://t.me/Cryptocurrency_Inside
GameStops NFT Marketplace will feature gas-free, instant transactions.
Posts by Loopring on LinkedIn reveal that GameStop's soon-to-be-announced NFT marketplace will feature instant, gas-free transactions.
Byron answered some questions from ManBearOrca on October 26th. When asked about delaying the launch until ETH2.0 is live, Byron goes on to state that Loopring's technology is already capable of handling 4,000 transactions per second currently, "Similar capacity to Mastercard daily transactions globally."
Source
↪️https://t.me/Cryptocurrency_Inside
JUST IN: Facebook's new name is Meta
This is the new logo.
"Facebook" will invest $10 billion into the metaverse.
Meta’s focus will be to bring the metaverse to life and help people connect, find communities, and grow businesses.
- Meta
Source
↪️https://t.me/Cryptocurrency_Inside
Michael Chad Saylor claims to personally hold 17,732 BTC with $9,882 average price.
Michael Saylor, CEO of Nasdaq-listed business intelligence company MicroStrategy, claims to personally hold 17,732 bitcoin, currently worth more than $235 million.
Saylor said MicroStrategy has been aware of his bitcoin holdings since before the company decided to buy bitcoin for itself.
Source
↪️https://t.me/Cryptocurrency_Inside
As we expected. BTC bounced back strong breaking the 1st resistance level. Almost a 5% bounce from the support level. Let’s if it can break the 2nd resistance level and the moving averages.
Stay tuned for more exciting updates.
↪️https://t.me/Cryptocurrency_Inside
El Salvador President Buys the Dip, Adds 420 Bitcoin to Treasury
Nayib Bukele, the president and self-described "Emperor of El Salvador," has taken advantage of today's drop in Bitcoin prices to increase his country's BTC reserves.The amount of BTC he bought was the icing on the cake: 420 BTC.
Source
↪️https://t.me/Cryptocurrency_Inside
BTC Update:
BTC is strongly holding the 1st support level and we may possibly see a bounce coming in. Keeping a note that BTC has the resistance 1 & 2 to face to make a bullish jump towards the new high.
If BTC fails to go higher and gets rejected from the current levels then we have the 2nd support level at $55k to hold the price.
Stay tuned for more updates.
↪️https://t.me/Cryptocurrency_Inside
Ethereum Supply on Pace to Shrink After ETH 2.0 Upgrade
There are currently over 118 million ETH in circulation. And even though there's no supply cap on the cryptocurrency, don't expect that number to get too much bigger.
According to simulations from Ethereum tracker Ultrasound Money, after the transition to proof of stake, the supply of ETH is set to decline 2% annually.
Source
↪️https://t.me/Cryptocurrency_Inside
BTC Update:
There’s nothing to panic. BTC is still at the support. Looks like a retest and we expect a bounce from this level. In case if BTC breaks down below this support level then we can expect BTC to drop $60k to $61k level.
BTC must hold this level and bounce back to $64k. We must also keep an eye on the support levels for any bearish move.
Make sure you have your targets and SL fixed. If your open trades are on profit then book some profit. There’s no 100% assured trades in crypto.
Stay tuned and trade safe.
↪️https://t.me/Cryptocurrency_Inside
Twitter CEO Jack Dorsey Warns Hyperinflation Will Soon Happen in US and the World
Twitter and Square CEO Jack Dorsey has warned that hyperinflation will soon happen in the U.S. and elsewhere in the world. “Hyperinflation is going to change everything. It’s happening,” he predicted. Many people disagreed with him, however.
Source
↪️https://t.me/Cryptocurrency_Inside
Ethereum 2.0: The transformation that could see ether overtake bitcoin
All transactions on the platform ultimately use ether, and the success of the platform is why ether has been the second-largest cryptocurrency after bitcoin for the past few years.
Bitcoin is currently worth about double ether, but talk comes and goes about a "Flippening" where ether overtakes it.
Source
↪️https://t.me/Cryptocurrency_Inside
China banned BTC transactions and mining only 150 days ago. Today the network is more decentralised than ever and price has risen +50% .
This is Stunning
↪️https://t.me/Cryptocurrency_Inside
Public employees will receive salary in bitcoin, says Miami Mayor
Miami will move forward with a proposal to allow city workers to be paid in bitcoin, the city’s mayor told Bloomberg yesterday.
Mayor Francis Suarez previously proposed bitcoin to be used as a means of payment for city employees and residents, expanding his effort to make the city of Florida a major hub for digital assets.
Source
↪️https://t.me/Cryptocurrency_Inside
