The Digest

• to be added to Twitter’s tip jar soon.
• Binance – drama comes to a close – DOGE surges by 30%.
• Binance will support Tezos and THETA Network updates + new ALCX listings.
• A further 7,002 shares are purchased by Microstrategy (NASDAQ) bringing the total stake to $7.4 billion.
• DeFi trader wrote the Kardashians’ theme song, Snoop Dogg makes NFT debut.

Ethereum to Be Added to Twitter’s Tip Jar Soon

An insider report suggests that Ethereum could be the next cryptocurrency to feature on Twitter’s tip jar. Social media company Twitter has introduced tipping on its platform. This allows its users send money to help content creators.

Twitter (NYSE 🙂 disclosed its plans for September to allow users to add Bitcoin addresses and Ethereum addresses. This will give them the opportunity to receive tips via cryptocurrencies.

A Twitter user, @CryptoWhale suggested that Ethereum (ETH), could become the next crypto. Ethereum’s functionality is superior to Bitcoin. It would therefore make sense for Bitcoin to be included.

Flipsider:

• The co-founder of twitter and a long-time crypto supporter Jack Dorsey has retired as CEO, leading many to question Twitter’s future activity with crypto.

Why you should care

Twitter is already a key player in the growth of cryptocurrency. It could benefit crypto in general by integrating more crypto options on its platform.

Binance – Dogecoin Drama Comes to a Close – DOGE Surges By 30%

The world’s largest crypto exchange, Binance, has closed the curtain on its Dogecoin saga, announcing the reopening of DOGE withdrawals after 17 days. After a DOGE wallet upgrade, Binance stopped all DOGE withdrawals.

DOGE users were outraged by the suspension of DOGE withdrawals from their platform. Some users reported that Binance had asked them to return Dogecoins they didn’t have.

The tense events saw Dogecoin evangelist Elon Musk, and CEO of Binance, Changpeng “CZ” Zhao, exchange heated words. Musk who encouraged Dogecoin’s community to give up centralized exchanges confirmed that Dogecoin withdrawals have been activated once again.

Following the news, the number 1 meme coin’s value has jumped by more than 30%, setting a new 7-day high in the process. DOGE’s 24 hour trading volume has also increased by 150%. DOGE currently trades at $0.2210.

This is the 24 hour price chart of Dogecoin (DOGE). Source: Tradingview

Flipsider:

• CZ is now closed following contentious events AnnouncementPromotion to win a Tesla custom-built (NASDAQ:), and $50,000 of Dogecoin

Binance Supports Avalanche and Tezos Network Upgrades + ALCX Listing

The world’s leading cryptocurrency exchange, Binance, has announced that it will support the network upgrades and hard forks for Avalanche (AVAX), Tezos ()?, and THETA

Avalanche will undergo a network upgrade in December 2, Tezos in December 3, and THETA the following day, December 5. In the interim, withdrawals and deposits of respective tokens may be temporarily suspended.

Binance stated that it would handle technical issues for any user holding AVAX or XTZ and THETA in Binance accounts. It will also reopen withdrawals to the tokens if they deem these upgraded networks stable.

Alchemix, which is a DeFi protocol that creates synthetic tokens, will be listed on ALCX/BTC/BUSD and ALCX/USDT trading pairs. ALCX withdrawals will be open from December 1.

Flipsider:

• (ADA) has been on the receiving end of negative exchange relations, as Israeli exchange eToro plans to delist the coin by the year’s end

The Total stakes rise to $7 billion as Microstrategy purchases an additional 7,002 bitcoins

Michael Saylor is a pro-Bitcoin entrepreneur and the CEO of Microstrategy. He announced that Microstrategy had added another 7,002 Bitcoins to its portfolio over the fourth quarter. Microstrategy purchased Bitcoin at an average of $59,000. This amounts to $414 Million worth.

According to the US Securities and Exchange Commission Form 8K (SEC), Michael Sayor had bought 7,002 BTC between November 1st and 29th, 2021.

MicroStrategy currently holds approximately $7 billion worth of bitcoins. MicroStrategy spent approximately $3.6 Billion to purchase their whole bitcoin portfolio. The average token price was $29 534.

Flipsider:

• Some investors believe that if BTC’s value takes a hard plunge, then MicroStrategy could struggle to pay off its over $2 billion debt which it has accumulated in purchasing its Bitcoins.

Why you should care

Michael Saylor, along with other venture capitalists, has placed a bet on Bitcoin. Bitcoin is up nearly 100% year-to-date.

DeFi Trader Wrote the Kardashians’ Theme Song, Snoop Dogg Makes NFT Debut

Many people think of DeFi traders as geeks who are always on the lookout for the latest trend. However, Aaron Lammer, a DeFi Trader at Steve Cohen-Backed Firm, breaks the norm as he is a co-writer of the “Keeping Up With the Kardashians” theme song, along with Drake and Kanye West.

Lammer’s impressive resume continues as he is also the editor of the Rick Bayless cookbook, and a co-founder of Longform.org, a website popular for showcasing long pieces of good journalism. In the crypto space, he is famous for his podcast, “CoinTalk.”

Snoop Dogg (hip-hop legend) is one of the most recent to enter the NFT space. He collaborated with Coldie, digital multimedia artist. His first NFT, “Decentralized Dogg,” was minted on NFT marketplace SuperRare, on November 29th.

A stereoscopic 3D collage of 10 images of Snoop Dogg from various times in his life is featured in the collection. Each NFT features a unique NFT-inspired soundtrack composed by Snoop.

Snoop Dogg’s Decentral Eyes Portrait Series will go up for auction from December 3rd. The current price is 169 Ether or $760,000 USD.

Flipsider:

• NFTs are sweeping the globe in 2021. However, many investors believe that digital arts can be overpriced.

Why you should care

As the NFT market matures, we are seeing more viable use cases, suggesting that it’s only a matter of time until widespread, mainstream adoption.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin