Crypto Stories

Cryptocurrency News Highlights Of 2021: What Next For The Digital Currency

By Parasshuram Shalgar
Published December 31, 2021 Updated February 2, 2022

Blockchain and cryptocurrencies projects continue to grow, and the enthusiasm generated by non-fungible tokens (NFTs) is not yet known to the general public. Still, a year has passed, and a DeFi application for decentralized finance is being developed.

Companies have taken advantage of the current boom to attract investors, raise large sums of money and develop their businesses. Artists sell digital works in the form of NFTs at record prices. Some countries even made Bitcoin the official currency.

Tesla is investing $ 1.5 billion in Bitcoin.

This is one of the most helpful decisions in raising the price of Bitcoin.

A few days ago, Billionaire Tesla president Elon Musk changed his Twitter biography to a simple “#bitcoin.” His tweets about cryptocurrencies, Bitcoin, nonfungible tokens, and Dogecoin will continue to influence the prices of these assets until 2021.

In addition, the Tesla Group has specified that it will accept Bitcoin payments “shortly” to purchase electric vehicles. It certainly applies on March 24. Pollution caused by cryptocurrency mining.

On March 11, 2021, American artist Beeple (real name Mike Winkelmann), who specializes in digital art, ranked third in the world at the auction of his work “Everyday: The First 5000 Days” and is famous. I became a live artist. In NFT format, the total is $ 69.3 million.

Illustration of heat around NFT, an asset registered in the blockchain that guarantees the reliability and traceability of the company.

El Salvador turns Bitcoin into the official currency

In 2021, the country introduced legal Bitcoin in the world. El Salvador officially adopted cryptocurrencies along with the US dollar on September 7 for conducting domestic transactions, purchasing goods and services, and paying taxes.

According to the head of Bitcoin enthusiast Neb Bokhel, one way is to “connect” the country to the rest of the world and stimulate El Salvador’s economy. But also, especially for US ex-pats, it is easier to send money to low-cost families via Bitcoin electronic wallets.

Coinbase, one of the world’s largest crypto exchanges, launches in New York.

On April 14, the US platform Coinbase, one of Binance’s two largest cryptocurrency sectors, entered the New York Stock Exchange. It is the first company to focus on cryptocurrencies publicly traded on Wall Street, but it is also the largest initial public offering by a US company since Facebook in 2012. Coinbase is worth $ 65.3 billion. Bitcoin ETFs have been launched in the United States and have been very successful.

On October 19, According to Les Echos, it recorded over $ 440 million in transactions within an hour. It ended the day with over $ 1 billion in transactions, making it one of the most impressive performances in the world. History of US Exchange Traded Funds Ethereum has taken a step forward before becoming Ethereum 2.0

On August 2 largest cryptocurrency in the market after digital assets will be the target of a major update in London.

It changes how transaction fees work and decreases the money supply creation on the blockchain.

The next big step is to modify the blockchain scale to allow an even greater number of transactions on the network, which saturates more in addition.

Ethereum 2.0 needs to move from the proof of work, which is also used in the bitcoin blockchain, to the much more environmentally friendly proof of stake because it consumes much less energy. Specializing in blockchain collectible football cards, Sorare collects record numbers in the history of the French technology.

Some of the founders and collaborators of Sorare at the headquarters in Paris. In September, So Rare announced that it had raised a record US dollar 680 million in French technology history. The operation estimates startups founded in 2018. Specializing in soccer cards that can be collected in the form of non-fungible tokens (NFTs) on the blockchain, Sorare gains 150,000 active users a month and has already partnered with 180 soccer teams.

The French company aims to sign contracts with many professional leagues to expand its offerings and attract new users.

Cryptocurrency mining malware is stealthy and degrades network and endpoint performance.

Some browser extensions allow you to monitor and block cryptocurrencies. Iceland is recognized as a Bitcoin mining hub due to its low cost of thermal energy. However, personal computers or computers connected to the corporate network can mine crypto assets. Cryptography is used to create a unit of cryptocurrency. Many popular cryptocurrencies solve math problems that lead to currency units.