@cryptocracy 13 November 2021 more from that month

A Historic Week With Bitcoin and Ether

This was a historic week in cryptocurrencies. Bitcoin and Ethereum both hit **all-time highs**. Investors are ecstatic. Ether hit its all-time high on Monday and continued climbing **past $4,800** on Wednesday before falling again. Bitcoin went over $68k before sliding. BTC is now **below $64,000** and ETH has fallen to **nearly $4,600**. Should we expect another rise this year? https://www.coindesk.com/markets/2021/11/08/bitcoin-tops-67k-for-the-first-time-as-ether-also-sets-record-high/ https://www.forbes.com/sites/cbovaird/2021/11/10/ether-prices-reached-their-latest-high-above-4800-what-drove-these-gains/ https://coinmarketcap.com/currencies/bitcoin/ https://coinmarketcap.com/currencies/ethereum/ I suspect Bitcoin’s rise this week has something to do with its long-anticipated upgrade, **called Taproot**. It’s supposed to activate **this weekend**. CNBC gives you the lowdown on **what it’s all about**. CoinDesk says Taproot will cause **another rise** in value. Meanwhile, everybody and his mother-in-law is talking about the all-time high. Here are some of the best stories: https://www.etftrends.com/crypto-channel/a-look-into-the-next-evolution-of-bitcoin-happening-soon/ https://www.coindesk.com/tech/2021/11/13/taproot-bitcoins-long-anticipated-upgrade-activates-this-weekend/ https://www.cnbc.com/2021/11/12/what-investors-should-know-about-the-bitcoin-taproot-upgrade.html https://www.coindesk.com/markets/2021/11/12/market-wrap-bitcoin-expected-to-rise-on-taproot-upgrade/ **Bitcoin has fallen 10% from its all-time high** https://www.forbes.com/sites/cbovaird/2021/11/12/bitcoin-has-fallen-10-from-its-all-time-high-what-traders-should-know/ **Why Bitcoin dropped 4.5% on Friday** https://www.fool.com/investing/2021/11/12/why-bitcoin-dropped-45-on-friday/ **Should you buy Bitcoin while it’s still below $75,000?** https://www.fool.com/investing/2021/11/12/should-you-buy-bitcoin-while-its-still-below-75000/ **Bitcoin hitting $59k would be extremely healthy** https://cointelegraph.com/news/bitcoin-hitting-59k-would-be-extremely-healthy-says-trader-as-btc-price-retreats Coinbase seized the opportunity to roll out a **browser wallet**. The exchange has also implemented a share button to allow users to **brag about their crypto holdings** on social media. CEO Brian Armstrong opens up about **why Coinbase doesn’t have an altcoin**. https://wallet.coinbase.com/ https://seekingalpha.com/news/3770268-coinbase-says-share-button-will-help-its-users-understand-cryptocurrency https://dailyhodl.com/2021/11/12/will-coinbase-launch-its-own-altcoin-ceo-brian-armstrong-details-crypto-giants-push-to-boost-blockchain-industry/ The Ethereum Foundation has **gifted $95 million in ETH** to Kraken. https://www.banklesstimes.com/2021/11/12/ethereum-foundation-gifts-95-million-in-eth-to-kraken/ How XRP’s price will react **if Ripple loses its lawsuit with the SEC**. And here are 5 lessons the crypto industry can **learn from the wrestling match**. https://coinpedia.org/ripple/what-if-ripple-loses-against-the-sec/ https://financefeeds.com/legal-experts-analyze-sec-v-ripple-as-a-cautionary-tale-for-market-participants/ Cyber Threats, Pollution, and Other Crypto Potpourri What are the most low-risk countries for cyber threats? It appears that there’s less rotten in Denmark than we imagined. And Germany beats the U.S. for the runner up spot. Be sure to check out the **highest risk countries**, and for God’s sake, stay away from Myanmar! https://seon.io/resources/global-cybercrime-report/ Would you believe the most polluting cryptocurrencies are the ones investors like the most? From Bitcoin to Stellar, see **where they fall in the rankings**. https://forexsuggest.com/global-impact-of-crypto-trading/ Apparently, **Two firms** account for the majority of Tether’s circulation. USDT **launches an Avalanche**. Watch for falling coins. https://cointelegraph.com/news/two-firms-account-for-the-majority-of-tether-received-report https://insidebitcoins.com/news/tether-goes-on-expansion-spree-launches-on-avalanche Twitter has set up a **cryptocurrency team**. It looks like Jack Dorsey is serious about this $hit. https://moneyweek.com/investments/alternative-finance/bitcoin-crypto/604105/cryptocurrency-roundup-new-highs-for-bitcoin Reddit has announced that Redditors’ karma points will **convert into ERC-20 tokens**. https://thecryptobasic.com/2021/11/08/reddit-is-planning-to-convert-karma-points-into-erc-20-tokens/ Binance **suspended Dogecoin withdrawals** this week then **asked users to return coins** that have been circulating for years. https://markets.businessinsider.com/news/currencies/binance-dogecoin-crypto-exchange-withdrawals-suspend-glitch-network-update-2021-11 https://cryptopotato.com/binance-reportedly-requested-users-to-return-dogecoin-received-after-latest-update/ Huobi is **moving its spot trading operations** to Gibraltar. https://www.coindesk.com/business/2021/11/08/crypto-exchange-huobi-global-to-move-spot-trading-services-to-gibraltar/ Algorand **upgrades its smart contracts**. https://finance.yahoo.com/news/algorand-algo-deploys-ground-breaking-145808052.html Rumors and Other Crypto McNasties A Twitter user has started a rumor that Solana **lied about its token supply**. The thread was picked up on Reddit, but AMBCrypto tells **a different story**. And Solana Labs’ CEO says they **don’t want to kill** “beautiful” Ethereum. Boy, am I relieved. https://twitter.com/justin_bons/status/1456703478009585670?s=21 https://ambcrypto.com/what-you-should-know-about-the-latest-fud-around-solana/ https://cointelegraph.com/news/solana-labs-co-founder-we-don-t-want-to-kill-beautiful-ethereum AMC Theaters is now accepting **cryptocurrencies for online payment**. https://gizmodo.com/amc-ceo-proudly-declares-that-the-company-now-accepts-v-1848051621 The president’s task force is moving hard **against stablecoins**. Why? It appears that they are deemed **more competitive with fiat money** than true cryptocurrencies due to the inherent volatility within them. If this doesn’t say that regulation is a lot of horse manure, then what does? Meanwhile, **Harvard Business Review has an outstanding read on** ****stablecoins and the future of money****. https://home.treasury.gov/news/press-releases/jy0454 https://theconversation.com/stablecoins-these-cryptocurrencies-threaten-the-financial-system-but-no-one-is-getting-to-grips-with-them-171690 https://hbr.org/2021/08/stablecoins-and-the-future-of-money Is China’s cryptocurrency ban **an opportunity for India**? https://economictimes.indiatimes.com/markets/cryptocurrency/why-chinas-cryptocurrency-ban-is-an-opportunity-for-india/articleshow/87649012.cms **A Pew Research study** shows 86% of U.S. adults have heard of cryptocurrencies, but it’s still young men **doing most of the trading**. https://executivegov.com/2021/11/pew-research-center-majority-of-us-adults-have-heard-about-cryptocurrency/ https://fortune.com/2021/11/12/crypto-bitcoin-shiba-ether-doge-trading/ Is cryptocurrency a **new way to pay or a new way to invest**? https://www.forbes.com/sites/boblegters/2021/11/11/is-cryptocurrency-a-new-way-to-pay-or-a-new-way-to-invest/?sh=76567aff6470 How cryptocurrency is at an **inflection point with regulation**. https://www.youtube.com/watch?v=Qy_I5H3eNG4 https://youtu.be/Qy_I5H3eNG4 **Crypto traps** that can snag you. https://www.afr.com/chanticleer/crypto-s-traps-for-young-players-20211112-p598ei The Bank of England will **explore a digital currency**. Bloody hell?! https://www.baystreet.ca/cryptonews/105/Bank-Of-England-Says-It-Will-Explore-A-Digital-Currency BNPAY: **Rewriting the rules of payments**. https://cointelegraph.com/news/sculpting-the-future-of-business-payments-starts-with-a-digital-currency-alternative-to-visa-and-paypal *As always, none of this constitutes investment advice. It’s for educational and entertainment purposes only, but maybe not both at the same time. If you have an issue with any news reported here (or raw opinions), take them up with the complaint board down the hall.* *First published at Cryptocracy**.* https://cryptocracy.substack.com/p/its-a-historic-week-in-crypto

**Image credits:** Lead image from ForexSuggest.com; cyber threats from SEON