Crypto News Cast 📮 14-11-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2779 B
📊24h Mcap %: 57.40%
⚠️Bitcoin Dom: 43.20%
📌Active Coins: 6461
📍24h Vol %: -10.32%
💲24h Vol: $84 B
Crypto News Updates :
- Stock to Flow Model Designer Predicts Bitcoin-End Year Price To Hit $135K
- Russian Lawmakers Prepares A Working Group With Focus On Bitcoin Mining Industry
- Ethereum Network Activity Sees 48% Increase After Coin’s 50% Increase Rally
- India’s Government Plans To Meet With Crypto Industry Executives On Monday
- Taproot Activation Is Coming Soon, Software Soon To Be Implemented Into Wallets
- MyEtherWallet Launches ETH Blocks, Allows Users Mint Ethereum Blocks As NFTs
- Bitcoin’s Taproot Upgrade Is Now Live
- Bitcoin’s Hashrate Surges 42% Higher From Last 3Months, After Price Increase
- Kevin O’Leary Confirms That Crypto Holdings Makes Up 10% Of His Portfolio
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– Stock to Flow Model Designer Predicts Bitcoin-End Year Price To Hit $135K
“PlanB,” is the brainchild behind the popular stock-to-flow model and also has gone to make predictions of Bitcoin prices after recording accurate predictions in the past. PlanB states that the mid-cycle average should be around $100K per BTC, noting the cycles are taken between each halving event with the last being in May 2020 and the next in May 2024. Also, he mentions the prices can go as high as $135K by the end of the year Read Full on CryptoPotato.
– Russian Lawmakers Prepares A Working Group With Focus On Bitcoin Mining Industry
Russia’s legislature head is making a proposal for a new working group to focus on cryptocurrencies and give special attention to the fast growing local mining industry. So, Vyacheslav Volodin, the chairman of the State Duma, directed his deputy, Aleksei Gordeyev, On November 11, to organize an inter-committee working group on cryptocurrency, which will be supervised by Andrey Lugavoy, who had formerly asked for the issue before today’s plenary session. Read Full on theblockcrypto.
– Ethereum Network Activity Sees 48% Increase After Coin’s 50% Increase Rally
The Ethereum run is not coming to end soon as it has seen a total growth of 50% since the beginning of October, meaning that Ether’s on-chain and market data follows and can give extra signals to traders. As per provided data, Ethereum’s network activity has seen additional traction growth and followed up with growth rates of the coin’s price ie. it is currently remaining at 48%. This network growth shows support for each Ethereum rally. Read Full on U.Today.
– India’s Government Plans To Meet With Crypto Industry Executives On Monday
Indian government officials are ready to meet the local crypto industry Monday, November 15, as per information from a public notice by the Lok Sabha, the lower house of India’s bicameral Parliament, who released the notice earlier this week dubbed “Hearing of views of Associations/ Industry experts on the subject ‘CryptoFinance: Opportunities and Challenges’.” So, The meeting kicks off at 3 pm IST Monday in the Parliament House, New Delhi. Read Full on theblockcrypto.
– Taproot Activation Is Coming Soon, Software Soon To Be Implemented Into Wallets
Taproot and Schnorr will become an absolute boons for bitcoin usability and will also allow individuals to do so much more with their UTXOs, but it is good to note that these benefits aren’t going to be immediate. As many are expecting Taproot to get activated within the weekend and the potential benefits to be realized immediately, they are however going to come to market slowly over time while the software gets implemented into wallets. Read Full on Bitcoin Magazine.
– MyEtherWallet Launches ETH Blocks, Allows Users Mint Ethereum Blocks As NFTs
MyEtherWallet (MEW) announced launching its first nonfungible token (NFT) collection named ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Also, Distinct images linked with ETH Blocks are generated based on the block’s data, where the NFTs are available only to MEW users through the MyEtherWallet website. Already, a number of blocks have made their claims, according to the company. Read Full on cointelegraph.
– Bitcoin’s Taproot Upgrade Is Now Live
Bitcoin network successfully activated the Taproot soft fork. The upgrade aims to improve the scripting capabilities and privacy of the Bitcoin network. To do this, the soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST).Taproot activation shows that Bitcoin can do network upgrades again, which is extremely important for the longevity of the Bitcoin network. Upgrade allows exploring off-chain capabilities, as to not put too much burden on the Bitcoin nodes of the network. Read Full on.
– Bitcoin’s Hashrate Surges 42% Higher From Last 3Months, After Price Increase
As bitcoin tries to settle above the $60K mark for a great majority of the last 28 days, also the network’s hashrate has seen a major spike during that time as well. Since August 13, Bitcoin’s hashrate has surged to 42% increase from 110 exahash per second (EH/s) to today’s 157 EH/s and also after nine consecutive difficulty changes, moving upward, it will become 50% more difficult to mine bitcoin than it was three months ago for the next two weeks. Read Full on Bitcoin News.
– Kevin O’Leary Confirms That Crypto Holdings Makes Up 10% Of His Portfolio
During a live recording with Reddit’s r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O’Leary held discussions on how cryptocurrencies now make up 10% of his investment portfolio, claiming he was never a cryptocurrency skeptic in the first place. However, O’Leary is seen to be previously a cryptocurrency skeptic, by calling Bitcoin (BTC) “garbage” in an interview with CNBC two years prior, it seems he’s having a U-turn now. Read Full on cointelegraph.
