@cryptocracy 11 December 2021 more from that month

Bitcoin, Ethereum, Binance at the top of the news

The Bitcoin hash rate is nearing an all-time high of 172 million terahashes. That’s good considering that bitcoin fell below $50,000 this week. The biggest fool in finance wants to tell you why. Despite the fall, Bloomberg Intelligence is calling for bitcoin to hit $100,000. One analyst, however, says bitcoin could fall another 20 percent in the next few weeks. Billy Bambrough is optimistic. He says the U.S could adopt bitcoin in 2022. What’s he know that I don’t? https://beincrypto.com/bitcoin-hash-rate-nears-all-time-high-as-mining-resettles/ https://www.coindesk.com/markets/2021/12/09/bitcoin-drops-below-50k-support-between-43k-45k/ https://www.fool.com/investing/2021/12/09/cathie-wood-bitcoin-price-target-updated-to-550000/ https://cointelegraph.com/news/bitcoin-could-hit-100k-gold-2k-in-2022-thanks-to-deflationary-forces-bloomberg-analyst https://www.marketwatch.com/story/why-bitcoin-may-face-another-20-plunge-in-coming-weeks-as-risk-is-heightened-says-prominent-technical-analyst-were-watching-37-000-11639081370 https://www.forbes.com/sites/billybambrough/2021/12/09/us-could-embrace-crypto-in-2022-huge-bitcoin-and-ethereum-price-prediction-revealed/?sh=11c9b392672a Despite such bullish sentiments on the granddaddy of crypto, professional traders are more favorable toward Ethereum. Yet, Ethereum gas fees are through the roof, which benefits smaller blockchains like Solana and Avalanche. Also, one Ethereum transaction produces enough energy to power a house all day. Still, one prominent Ethereum developer would rather talk about NFTs and the metaverse. See Dick jump through hoops? https://cointelegraph.com/news/data-shows-pro-traders-are-currently-more-bullish-on-ethereum-than-bitcoin https://markets.businessinsider.com/news/currencies/ethereum-transaction-gas-fees-high-solana-avalanche-cardano-crypto-blockchain-2021-12 https://cointelegraph.com/news/ethereum-transaction-energy-use-equals-to-2-5-miles-in-a-tesla-model-3-report https://news.yahoo.com/ethereum-developer-sounds-off-on-nf-ts-metaverse-and-dystopian-facebook-153021379.html Binance is in talks with Indonesia’s wealthiest family regarding a new crypto trading exchange. In Australia, Binance is the first crypto exchange to begin ESG reporting. https://www.bloomberg.com/news/articles/2021-12-10/binance-weighs-crypto-venture-with-indonesia-s-richest-family https://coingape.com/breaking-binance-australia-becomes-first-ever-crypto-exchange-to-start-esg-reportage/ Meta’s new wallet Novi has launched allowing users to send crypto through WhatsApp. https://markets.businessinsider.com/news/currencies/meta-novi-crypto-wallet-pilot-program-whatsapp-facebook-cryptocurrency-2021-12 BitMart was hacked and the ne’er-do-wells behind it got away with $200 million worth of Shiba Inu (and other tokens). There’s no use crying over spilled SHIB. Meanwhile, Google search data reveals that searches for “delete BitMart” rose 317 percent in one day. Data reported by Case Monkey. https://u.today/200-million-worth-shiba-inu-and-other-tokens-stolen-from-bitmart-exchange https://www.casemonkey.co.uk/ Polygon is investing up to 250 MATIC into zero-knowledge technology. On another front, the rising blockchain star is buying Mir, an Ethereum scaling startup, for $400 million. https://cointelegraph.com/news/polygon-to-invest-up-to-250m-matic-into-zero-knowledge-tech https://www.coindesk.com/business/2021/12/09/polygon-acquires-ethereum-scaling-startup-mir-for-400m-in-matic/ Budweiser launched almost 2,000 NFT beer cans, but the marketplace got bogged down by traffic. I guess it was *suds hour* in St. Louis, Missouri. Of course, when it comes to NFTs, it matters how you invest. Want to know how to be a successful NFT trader? **Read the full report** **here****.** https://ambcrypto.com/here-are-the-traits-of-a-successful-nft-trader/ https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis%20NFT%20Market%20Report.pdf In India, a new bill could ban crypto as a form of payment. The bill stipulates that those who run afoul of the law would give authorities the power to arrest them without a warrant and hold them without bail. https://www.digit.in/news/crypto/crypto-bill-could-propose-arrest-without-warrant-for-violation-of-new-laws-report-62167.html Reserve Bank of Australia governor says support for central bank digital currencies and smartphone tokens could be on the way for retailers. BUT, he predicts they’ll be centralized. https://www.channelnews.com.au/rba-supports-central-bank-digital-currency/ UK politicians do not consider cryptocurrency an investment. https://cointelegraph.com/news/uk-politicians-say-cryptocurrency-is-not-an-investment Did cryptocurrency fuel a revolution for white supremacists? https://www.splcenter.org/hatewatch/2021/12/09/how-cryptocurrency-revolutionized-white-supremacist-movement Self-proclaimed bitcoin inventor Craig Wright ordered to pay $100 million to W&K Info Defense Research as court clears him of fraud charges. https://blockchain.news/news/self-acclaimed-bitcoin-inventor-craig-wright-vindicated-in-kleiman-lawsuit The CIA is getting in on the crypto game. https://markets.businessinsider.com/news/currencies/cia-cryptocurrency-projects-in-works-confirming-rumors-director-says-2021-12 Tron has built the first ever ecological complex in Cryptovoxels. Now, I have a metaverse complex. Hong Kong real estate tycoon builds a virtual land empire in The Sandbox’s metaverse. https://www.forbes.com/sites/zinnialee/2021/12/08/hong-kong-property-tycoon-adrian-cheng-builds-virtual-land-in-the-sandboxs-metaverse/?sh=327302b645d8 Speaking of metaverses, Uphold is hosting a live webinar about the metaverse. And here’s a list of metaverse tokens to keep an eye on. https://event.webinarjam.com/register/112/n6879h8o https://markets.businessinsider.com/news/currencies/best-performing-cryptocurrencies-metaverse-tokens-of-the-year-2021-12 Kickstarter is trying to stay relevant by migrating toward blockchain technology and users are kicking bald tires mad over it. https://futurism.com/kickstarter-creators-furious-blockchain Congress’s Financial Service Committee held a hearing on stablecoins and left Tether out. And *Foreign Policy* says the legislative body should regulate cryptocurrencies now. https://tokenist.com/tether-didnt-even-show-up-to-cryptos-biggest-regulatory-hearing-yet/ https://foreignpolicy.com/2021/12/07/cryptocurrency-regulation-congress-hearing-stablecoin-digital-currency/ CNBC says investors of all ages should have crypto in their portfolios. I couldn’t agree more. The latest report says one-third of professional investors have recently invested in crypto. Looks like we’re a ways off. https://www.cnbc.com/2021/12/09/you-should-have-crypto-in-your-portfolio-no-matter-your-age.html https://www.p2pfinancenews.co.uk/2021/12/09/third-of-professional-investors-have-recently-invested-in-crypto/ *For informational and educational purposes only. Not financial advice. First published in* *Cryptocracy**.* https://cryptocracy.substack.com/p/bitcoin-hash-rate-vs-ethereum-gas **Image credit:** Chainalysis