2021-11-04

Welcome back cryptonauts,It's Tadas here with today's fresh news from the DailyCoin newsdesk.Let's get into it:

Daily Digest – November 4th

• Solana Becomes Fourth Largest Crypto with New All-Time High and VC Investment

• The Price of Shiba Drops as Whales Awaken, and Scrutiny into Concentration of SHIB Increases

• XRP to Feature in Decentralized Finance with wXRP, DeFi Hits New High

• New York Mayor to Make the City Crypto-Friendly, Crypto Is Helping Americans Quit Their Jobs

Infamous Squid Coin Token is Pumping Again, Despite Abrupt Developer Abandonment and Multi-millions in Losses

In case you missed it, on Monday of this week the latest hype coin – Squid Game token – had skyrocketed to more than $2,856 per unit after its debut less than week prior at a paltry $0.01 per token. That means in less than seven days, each token saw a “paper” gain of more than $219,000%...

JPMorgan Report Predicts $100 Billion Savings in Cross-Border Transfer Fees for Businesses that Use CBDCs

A new joint-study from JP Morgan and management consultancy firm OliverWyman, finds that global companies that use central bank digital currencies (CBDCs) in the future could realize significant time and money savings compared to traditional financial options. Specifically, the report estimates a collective annual savings for those organizations of more than $100 billion in cross-border transaction fees and nearly instant transaction settlement timelines rather than days...

Cuban Artists to Launch Ambitious NFT Collection

The project will be launched in December and refers to the year Christopher Columbus arrived in America.

Why is Shiba Inu Down Double Digits in 24 Hours?

According to CoinMarketCap, popular pup meme coin, Shiba Inu, has seen a significant price drop of nearly 15% over the past 24 hours. Originally shilled as a “Dogecoin killer” when it launched in August 2020, the $SHIB token price soared more than 40% in 48 hours when Coinbase announced that it would list the dog-themed coin in September 2021...

OKEx is an innovative cryptocurrency exchange with advanced financial services. They rely on blockchain technology to provide everything you need for wise trading and investment. Let's meet their President, Lennix Lai.

Where Technology Meets Fine Art: NFT Auction to define the Future of Art Market

The superhow.ART auction kicks off tomorrow, November 5th, 2021, with an authentic work of art and its corresponding NFT going under the hammer.

That's it for today, but don't forget we've always got more on our website.Got any questions or comments? You can contact us at [email protected]Thanks for reading,Tadas