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12.10.[News of the day] • SHIB becomes the 11th largest coin, sitting just behind DOGE on CoinGecko • and other articles

4 min read

Welcome to today’s overview of crypto news:

MARKETS

The primary digital asset is slowly but surely adding more pieces of value since it broke through $ 50,000. It jumped to $ 55,000 and hit $ 56,000 and $ 57,000 over the next two days, setting new five-month highs.

After dropping to $ 54,500 in the past 24 hours, she set out on another ride, approaching $ 58,000 just inches, but stopped there. The bears intercepted the movement and moved it several hundred dollars south again. To date, BTC has taken back some of the land under its feet and costs around $ 57,500.

Alternative coins have continued to suffer in the past 24 hours. ETH failed to stay above $ 3,600 and a 3.5% drop brought it below $ 3,500.

BTC analysis – growth continues, but its strength gradually weakens

Cryptocurrencies

SHIB becomes the 11th largest coin, sitting just behind DOGE on Coingecko

According to data provided by CoinGecko, “DOGE killer” Shiba Inu (SHIB) moved up to 11th place in the cryptocurrency market ranking.

Dogecoin is located just in front of SHIB and holds 10th place. SHIB currently has a market capitalization of $ 15,586,261,716. The market capitalization of Dogecoin is $ 29,791,496,909.

However, the CoinMarketCap data show a slightly different picture. According to CMC, SHIB is currently in 14th place with a market capitalization of $ 12,297,213,384, while Dogecoin is in 10th place with a market capitalization of $ 29,700,232,903.

At the time of writing, SHIB is trading at $ 0.00003119, up 14.49% in the last 24 hours.

YouTube is restoring Anthony Pomplian’s “malicious and dangerous” crypto channel

Anthony Pompliano had temporarily deleted his cryptocurrency YouTube channel after the platform called it “harmful and dangerous.” Although later restored, the crypto-community has already launched a burst of criticism for censorship.

Morgan Creek co-founder and partner Anthony Pompliano has temporarily deleted his YouTube channel, according to a Twitter post released on October 11th. ‘Pomp’, as it is often called, said it had received an e-mail stating that the content it was posting was “harmful and dangerous” and that the platform referred to an interview with a PlanB market analyst. It also stated that it “encourages harmful activities”.

YouTube later reinstated his channel, but first informed Pompliano that he had been placed on strike, and then another email that the channel would be deleted. At the same time, he recorded a podcast version of the interview so that others could find out if the content was really dangerous.

Banks, crypto exchanges, companies

McDonald’s China launches the first NFT to mark the 31st anniversary of its presence in the mainland market

McDonald’s China, in collaboration with Chinese blockchain company Conflux, launched its first NFT to mark the 31st anniversary of its presence in the Chinese mainland market and the official opening of a new headquarters in Shanghai. NFT “Big Mac Cube” is a three-dimensional digital token inspired by the McDonald’s brand and the shape of the building of its new headquarters.

About 188 NFT “Big Mac Cube” will be distributed to employees and customers as a gift and the NFT is linked to the Conflux wallet, McDonald’s China said. According to its official website, McDonald’s China stated that the NFT is intended only for the issuance and redemption of the NFT, and called for a “ban on hype, over-the-counter transactions and fraud.”

Venezuela International Airport accepts BTC payments

Venezuela’s main international airport is reportedly about to start accepting cryptocurrencies like BTC as payment for air tickets and other services.

Simon Bolivar International Airport is working to enable cryptocurrency payments to meet local industry standards, the regional news agency El Siglo reported on October 10. The airport, also known as Maiquetia, is located in the center of Caracas, the capital of Venezuela.

According to Maiquetia Airport Director Freddy Borges, the airport plans to accept many cryptocurrencies, including BTC, Dash and Venezuela’s digital oil-bound currency, Petro. He said the airport administration would introduce new payment options in coordination with the Venezuelan National Office for Cryptoactivity and Related Activities.

CBDC, Regulation

The British gambling supervisor focused on the NFT Sorare football platform

The British Gambling Commission has launched an investigation into the French Sorare platform, which offers football NFT.

The Gambling Authority has stated that any activity of British citizens on the Sorare platform does not fall within the scope of the UK gambling regulations because Sorare is not registered with the Commission. The notice therefore recommended that Sorare users take this into account when deciding whether or not to use the platform.

The notice also states that the commission is currently conducting a “company inquiry” to determine whether Sorare needs an operating license or whether its services do not constitute gambling.

The Chinese Postal Savings Bank has gained a role in the development of digital payments in yuan

China Postal Savings Bank has become one of the named research and development institutions for the Chinese electronic yuan (e-CNY), which will allow it to gain the advantage of the first player in the competition for a position in the Chinese electronic payments market, said its owner, the state-owned company China Post Group. .

The bank is one of six major state-owned banks dedicated to e-CNY development, alongside China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications and Bank of China. According to its website, Poštovní spořitelna focuses on rural, urban and rural residents and small and medium-sized enterprises.

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