Hi Everyone 👋,
Our community has grown to 2320 total subscribers this week,
I have also launched Premium newsletter subscription as well where you will be able to sign up to get the complete research on my weekly crypto projects. Some of you are not able to join Patreon so please use this link to sign up to get access to premium research on crypto projects:-
There is still time to subscribe to this course for free (limited time), please sign up using the link below if you haven’t already , 1312 students have benefitted so far but i only got 76 reviews :(, please share your review if you can :).
Now, let’s jump right into this week’s performance in the markets, Bitcoin hasn’t shown much price momentum however retail and institutional investors are bullish on Ethereum making it climb to ATH value of $4340.
It has been 13 Since Satoshi Nakamoto Released Bitcoin’s Whitepaper
It’s thirteen years since the pseudonymous Satoshi Nakamoto released the Bitcoin Whitepaper. In just 13 years, the Bitcoin network and the cryptocurrency have grown to unprecedented levels.
October 31, 2008, marks the birth of Bitcoin as we know it today after Satoshi published a paper titled: Bitcoin: “A Peer-to-Peer Electronic Cash System.”
The Bitcoin whitepaper explains the problem with centralized electronic payment systems like banks and financial institutions while also proposing how a tamper-proof, decentralized peer-to-peer protocol solves the issue.
Put simply, Satoshi’s solution in the paper was to completely eliminate the centralized third-party system, which will allow people to become their own bank and transact with each other without relying on a “third-party” to process the transaction.
The proposed protocol is built on a cryptographically secure system that lays the foundation of what is known as the back-bone of cryptocurrencies today – blockchain technology.
The decentralized system also solves the issue of trust and the Byzantine Fault through its Proof-of-Work algorithm, which allows new updates to be implemented if at least 51% of the network agrees to it.
November is here Woohoo and i am excited as Parachains are launching on 11th November
I have received an email from Kraken about upcoming slot Parachain auctions on Polkadot, however they are a little late in sharing this news as i have already posted in detail about Parachains, what they are, and how you can be ahead of the curve and invest into solid projects built on top of Polkadot.
This the link on Patreon for the Parachains built on Polkadot with huge potential:-
Ethereum just hit an all-time high of above $4,400 after a recent upgrade.
Altair, an important upgrade to the Ethereum network, went live on Wednesday.
the network underwent its third upgrade in seven months, bringing Ethereum 2.0—a faster, more secure network—once step closer to fruition.
Altair is the first upgrade to the Ethereum Beacon Chain since its launch in December 2020. The Beacon Chain is important because it introduces PoS to the Ethereum ecosystem.
Right now, Ethereum has both a PoS and a PoW chain running in parallel with each other. Both chains have validators, but only the PoW chain processes users’ transactions. But in 2022, the Ethereum blockchain will merge fully with the Beacon Chain, shifting it from a PoW model to a PoS model entirely.
Mastercard says any bank or merchant on its vast network can soon offer crypto services
Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products.
That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin.
To do so, the payments network is partnering with Bakkt, the crypto firm recently spun off by Intercontinental Exchange, which will be the behind-the-scenes provider of custodial services for those who sign up.
Binance Halts Crypto Withdrawals Citing “Large Backlog”
Binance has temporarily stopped customers from withdrawing their crypto assets.
The leading cryptocurrency exchange announced the update in a tweet Monday, explaining that it had disabled all withdrawals “due to a large backlog.”
The exchange has experienced similar issues in the past. During periods of peak interest in cryptocurrency, Binance and other centralized exchanges have suffered from overload, often leaving users locked out or unable to withdraw their funds.
When the market experienced a major crash on May 19, 2021, Binance, Coinbase and other exchanges temporarily went down, leaving many users unable to access their assets as prices tumbled. Binance was accused of causing traders millions of dollars in losses at the time; the Swiss litigation finance group Liti Capital has since raised $5 million to sue the exchange on behalf of the traders affected.
Grayscale-parent Digital Currency Group tops $10 billion valuation with SoftBank, Alphabet investments
Digital Currency Group is selling shares in a deal that values the crypto conglomerate at $10 billion.
SoftBank led the round, with participation from Alphabet’s CapitalG and Ribbit Capital as those firms look for exposure to the digital asset class outside of bitcoin.
Digital Currency Group is the parent company of several big names in the crypto space. Until now, its valuation was somewhat of a mystery as it had only raised $25 million in primary capital since launching.
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.