2021-11-08

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

Daily Digest – November 8th

• Crypto market rally, new market cap ATH set as BTC, XRP perform.

• Ethereum (ETH) hits new ATH amidst plunging gas fees and spiking hash rate.

• Infrastructure Bill includes concerning crypto tax provisions.

• The FBI warns that crypto scams using ATMs and QR Codes are rising.

Reddit Eyeing a New Decentralized Structure

The race for the first entirely usable decentralized social media platform is on. Words like crypto, NFT, and blockchain are becoming embedded into the culture of tech companies as they plan to transition to a new era. An Ethereum developer named Rahul, tweeted that he is joining the Reddit crypto team, which in itself implies Reddit’s widening scope for decentralized social media...

NYC Mayor-Elect Wants Crypto Taught to City Students

The Mayor-elect of New York City, Eric Adams, announced that he wants to make the Big Apple a crypto-friendly city, and that he wants to be paid in cryptocurrency – bold statements for the newly-elected politician. However, his latest crypto vision is to have blockchain taught to city school students.During a CNN interview on Sunday, Adams outlined his plans...

NFT Platform OpenSea Fails to Prevent Security Issues

OpenSea is not actively mitigating platform risks by seeking out significant bugs in its code.

November is Crypto Literacy Awareness Month: New Report Shows 98% Fail a Basic Crypto Quiz – Test Your Knowledge

November is Crypto Literacy Month, a newly launched initiative to drive greater consumer education about cryptocurrencies in general. As part of its inaugural launch, organizers also shared new survey results that found 98 percent of respondents failed to pass a 17 question quiz regarding basic crypto concepts. The program has backing from a group of major crypto players, including Coinme and CoinDesk...

The way you buy and sell cars is changing forever. Carnomaly is building solutions for what car buying and selling should be like. From a blockchain vehicle database to peer to peer de-financed auto loans.

Bluzelle’s Newly Introduced File Storage Solution Targets NFT Marketplaces

The newly added feature is targeted at NFT marketplaces, which will now be able to take advantage of the decentralized storage network.

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