@cryptocracy 30 October 2021 more from that month

ETH Hits ATH While Shiba Inu Knocks Dogecoin Down a Notch

Ethereum has **burned $2 billion of ETH** since August 5. Even better news, ether hit an **all-time high** of $4,459.20 on Friday. Oh yeah, and Shiba Inu has become ETH’s **biggest burner**. Take that Elon! In your eye DOGE! https://decrypt.co/84221/over-2b-in-ethereum-has-now-been-burned-by-eip-1559 https://www.aljazeera.com/economy/2021/10/29/ethereum-cryptocurrency-soars-to-an-all-time-high https://www.yahoo.com/now/ether-reaches-record-high-over-053006434.html Facebook is rebranding and **changing its name to Meta** to lead the way into the metaverse. On the back end of that announcement, Decentraland’s token MANA saw **a leap in value** of 44 percent. If you’re wondering what the metaverse is, **allow me to explain it in two sentences**: First, it isn’t. That is, it’s a future cross-platform fantasy world where some real people will make millions of dollars by allowing other real people to live in a **virtual reality on top of actual reality**. Have fun with that! https://www.theguardian.com/technology/2021/oct/20/facebook-plans-to-change-its-name-as-part-of-company-rebrand-report https://www.forbes.com/sites/robertolsen/2021/10/28/thailand-billionaire-familys-conglomerate-develops-cryptocurrency-for-employees/?sh=12feaa3e5b51 https://nypost.com/2021/10/21/what-is-the-metaverse-meaning-explained/ On the other side of the big body of water is another big money bucket. One Thailand billionaire clan called Central Group is **creating a cryptocurrency** for its 80,000 employees. The company develops shopping malls. https://www.forbes.com/sites/robertolsen/2021/10/28/thailand-billionaire-familys-conglomerate-develops-cryptocurrency-for-employees/ It’s not surprise that bitcoin is flirting with the moon. It’s been hovering around or just over the **$60,000 mark** for days. The reason for this is because investors are **refusing to sell**, anticipating higher highs. Crypto exchange Kraken blames it on **the whales**. Meanwhile, new immersive cooling technology could **make Elon Musk happy**. Earlier this year, the tech magnate **criticized bitcoin** for not being green enough. And Rhodium, a bitcoin mining company, **wants to go public**. They’re raising $100 million. But just when you thought the earth was safe for bitcoin, Mark Cuban partners with Voyager Digital to **pass out free bitcoin**. But you have to act before midnight on Halloween. https://coinmarketcap.com/currencies/bitcoin/?period=7d https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-high-2021-supply-b1947179.html https://www.bloomberg.com/news/articles/2021-10-29/bitcoin-whales-fuel-this-month-s-price-jump-kraken-report-says https://cointelegraph.com/news/immersive-cooling-tech-could-help-bitcoin-mining-go-green-by-2030 https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.html https://www.coindesk.com/business/2021/10/29/bitcoin-miner-rhodium-enterprises-plans-to-raise-up-to-100m-in-ipo/ https://www.yahoo.com/now/100-free-bitcoin-halloween-mark-183514067.html One-third of U.S. small businesses accept cryptocurrencies as payment. Fifty-eight percent of them prefer bitcoin. See what the other four are **here**. https://www.inc.com/tor-constantino/one-third-of-us-small-businesses-accept-cryptocurrencies-as-payment-heres-why-trend-keeps-growing.html El Salvador is **buying up bitcoin** like it’s garlic-infused breadsticks. What does that even mean? It means the company is using its own fiat currency to invest in crypto. Two questions: https://bitcoinmagazine.com/culture/el-salvador-now-owns-1120-bitcoin-as-president-bukele-buys-420-more What’s that say about El Salvador’s currency; and What does that say about its leadership? Did you know Cardano has a stablecoin? Ardana has raised $10 million in **seed money**. And one prognosticator is asking, “Is Cardano **dead**?” https://cointelegraph.com/news/cardano-stablecoin-protocol-ardana-raises-10m-in-latest-funding-round https://thecurrencyanalytics.com/altcoins/cardano-ada-is-dead-after-smart-contract-release-35017.php MasterCard partners with Bakkt to offer **crypto payments** for everyone. On the news, Bakkt’s stock jumped **more than doubled**. https://www.wsj.com/articles/mastercard-partners-with-bakkt-to-bring-cryptocurrency-services-to-the-masses-11635181655 https://fortune.com/2021/10/25/crypto-bakkt-stock-soars-mastercard-partnership/ African-Americans are **cryptocurrency’s biggest investors**. https://www.yahoo.com/now/african-americans-outpace-whites-hispanics-202900463.html Nasdaq recommends **three altcoins** with more potential than Shiba Inu. https://www.nasdaq.com/articles/3-under-the-radar-cryptocurrencies-with-far-more-potential-than-shiba-inu-2021-10-29 Cryptocurrencies and **environmental, social, and governance** (ESG) issues. **A GFR (Good Fu*king Read)!** https://www.coindesk.com/markets/2021/10/28/do-cryptocurrencies-have-a-dirty-little-esg-secret/ Speaking of Shiba Inu, during the recent rally that put the altcoin in the **crypto top 10** by market cap, Coinbase went off line and **blocked users from selling**. Remember the **Robinhood-GameStop fiasco**? Yeah, same thing. https://www.reuters.com/business/finance/dogecoin-watch-out-shiba-inu-token-muscles-into-cryptocurrency-top-10-2021-10-28/ https://bitcoinist.com/coinbase-pulls-a-robinhood-as-users-are-unable-to-trade-shiba-inu-during-rally/ https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html While you weren’t looking, or maybe you were looking, a Cryptopunk sold for **half a million dollars**. Kiss my crackers. https://www.livemint.com/market/cryptocurrency/did-an-nft-just-get-sold-for-half-a-billion-dollars-11635497339308.html Since January, bitcoin ATMs have **doubled**. https://timesofindia.indiatimes.com/business/cryptocurrency/bitcoin/bitcoin-atms-have-doubled-since-january-coin-atm-radar/articleshow/87362042.cms The five cryptocurrencies with the **biggest gains** in October. And, yes, Shiba Inu is leading the way. https://www.fool.com/the-ascent/cryptocurrency/articles/these-5-cryptocurrencies-made-the-biggest-gains-in-october/ Apple co-founder Steve Wozniak says **cryptocurrencies will be used effectively**. Is that news to anyone but Wozniak? https://news.yahoo.com/apple-co-founder-steve-wozniak-on-cryptocurrencies-they-will-be-used-effectively-183221415.html Nascar driver Keith McGee **discovered $181 million** of Shiba Inu mistakenly deposited into his Coinbase account and wants to return it. What the frosty milkshake? Would you return it? https://u.today/181-million-worth-of-shiba-inu-tokens-mistakenly-appears-in-coinbase-account-of-nascar-driver Wharton to **accept crypto payments** for blockchain course tuition program. https://www.theblockcrypto.com/linked/122457/wharton-school-taps-coinbase-to-accept-tuition-for-new-program-in-crypto China ranks EOS as the **best blockchain worldwide**. https://www.crypto-news-flash.com/eos-selected-as-the-best-blockchain-worldwide-in-the-latest-china-rankings/ A new Squid Game token bounced **40,000 percent** in its first few days of trading. Yowza! https://nypost.com/2021/10/29/squid-game-crypto-skyrockets-40000-percent-in-first-week/ How to **recover lost cryptocurrencies**. Yes, it can be done. Sometimes. https://www.makeuseof.com/is-it-possible-recover-lost-cryptocurrencies/ Does Israel need a **digital shekel**? https://en.globes.co.il/en/article-why-do-we-need-the-digital-shekel-1001389108 Could Ethereum **shoot to $50,000**? https://www.forbes.com/sites/billybambrough/2021/10/29/crypto-price-prediction-ethereum-could-outpace-bitcoin-and-surge-to-over-50000/ **10 sustainable cryptocurrencies** ripe for investment. https://www.analyticsinsight.net/top-10-sustainable-cryptocurrencies-to-invest-in-october-2021/ Will cryptocurrencies be **useless in the metaverse**? https://www.ft.com/content/c28799d4-88bf-42b9-8ad5-53ab5647ba60 **Pros and cons** of investing in crypto. https://southernmarylandchronicle.com/2021/10/27/why-you-should-and-shouldnt-invest-in-cryptocurrencies/ How India **taxes crypto investments**. https://economictimes.indiatimes.com/markets/cryptocurrency/making-money-from-cryptocurrency-trading-know-how-your-earnings-are-taxed/articleshow/87260085.cms *This post is not financial advice. I am not a financial advisor. For information and entertainment purposes only. First published at* *Cryptocracy**.* https://cryptocracy.substack.com/p/eth-hits-ath-shiba-inu-nudges-into Image credits: Shia Inu from CoinMarketCap. Mark Zuckerberg from The Guardian.