ConstitutionDAO has announced it is shutting down, the crypto trading hamster has died, and Bitcoin is continuing to stagnate as some altcoins show strength.
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BTC stagnates as ETH races higher 😐
Bitcoin is stagnating as a number of smaller cryptocurrencies start to show strength. While BTC is down 0.43% over the past 24 hours, ETH has raced up by 2.65%. Other notable performers include Crypto.com Coin, which has risen by 18% over the same timeframe. According to Michaël van de Poppe's crypto consultancy Eight Global, BTC is getting primed for a bullish breakout. But there are some looming threats for Bitcoin — not least because the dollar is showing strength. Here's the latest.
ConstitutionDAO is shutting down ❌
ConstitutionDAO has announced it is shutting down. The decentralized autonomous organization had launched an audacious bid to buy a rare copy of the U.S. Constitution — one of 13 left in existence from the 1700s. In recent days, those behind the organization had vowed to explore alternative options to keep the community alive. But in a new update, they said "building and maintaining an ongoing project is not something that we as a core team are able to support." Read more.
Crypto trading hamster dies 😢
Mr Goxx — the hamster who made headlines after outperforming the stock market by trading crypto — has died. He had become a nightly fixture on Twitch. The hamster would first select a digital asset to trade by running in his "decision wheel," and then run through a buy or sell tunnel. Mr Goxx had earned €98 over the course of his career and was up 19.72%. "Mr Goxx has brought joy to people all across the globe and reminded us not to take life too seriously," his owners said. Tributes have been paid.
NFT is Word of the Year for 2021 📕
Collins Dictionary has unveiled its word of the year for 2021: NFTs. The gatekeepers to the English language have reported an explosion in mentions of non-fungible tokens over the past year. Alex Beecroft, the MD of Collins Learning, said it is rare for an abbreviation to have such a "remarkable ascendancy," adding: "NFTs seem to be everywhere, from the arts sections to the financial pages and in galleries and auction houses and across social media platforms." What also made the list?
Dollar Tree annoys Bitcoiners 💸
Dollar Tree is raising most of its prices to $1.25 — prompting a swift reaction from crypto enthusiasts. The store had sold products for a flat fee of $1 for 35 years, but this left it unable to sell a number of customer favorites. Some Bitcoiners say the move is proof that inflation is spiraling out of control. BTC maximalist Mike Alfred tweeted: "You know hyperinflation is going into overdrive when everything at Dollar Tree costs $1.25. Buy #Bitcoin." Read more reaction here.
eToro delisting ADA and TRON in U.S. 🚨
eToro has announced that it plans to delist Cardano by the end of the year for its U.S. customers. The exchange says its users will no longer be able to purchase ADA from December 26, and staking rewards will be discontinued from December 31. Customers will still be able to hold ADA, but selling on the trading platform is going to be restricted in the first quarter of 2022. An "evolving regulatory environment" has been blamed for the restrictions — and TRON is also affected. Here's our article.