Hi Carlos
Today is an exciting day...
ETH and Dogecoin both are going places, and what baffle me the most is the price of Dogecoin. Anyhoo, may be internet love a good meme or may be it is just temporary as Dogecoin has issue with inflation.
But what's most interesting is ETH crossing $3460.
If you are one of CoinSutra earlier member, you might have made life changing money with Ethereum alone. After all, we covered Ethereum when it used to be only $6. What a time to be alive :)
Moving ahead, I really want you to join CoinSutra Telegram channel, as a lot of action happens there. In fact, I have also added the chat option and often when we open new admission for CoinSutra VIP, we announce it on CoinSutra Telegram channel.
👉🏻 Join CoinSutra Telegram Channel 🔥✅
Moving ahead, here is the latest news from CoinSutra YouTube channel that you must check out. You will learn a great deal of stuff about yield farming and LP tokens:
And finally, here are the top Crypto news of the day:
💎 Bitcoin miners start signaling for Taproot Activation, people prep for BTC's largest update in 4 years
It's been a long time since the Bitcoin network has seen a major upgrade and the last time it happened was in 2017, back when BTC participants activated Segregated Witness (Segwit). Since then, bitcoiners have been discussing the next major upgrade Taproot. The Taproot proposal was introduced in January 2018 by software developer and Bitcoin Core contributor Gregory Maxwell.
Last October, Taproot was introduced into the Github repository as a pull request initiated by Bitcoin Core programmer Pieter Wuille. Ostensibly, Taproot can help BTC scale and bitcoin transactions can become more private. The protocol that will be deployed if it comes to consensus, is a soft fork that improves the blockchain's scripts for privacy-centric and complex transactions.
💎 Mastercard survey offers tentative encouragement for Crypto Adoption
Mastercard has some encouraging, if tentative, market research data for cryptocurrency adoption across the globe.
In an online survey of 15,569 people in 18 countries, 40% said they plan to use crypto in the next year, the payments giant said Tuesday.
Among millennials, interest is even higher: 67% said they were more open to using the technology than they were a year ago, 77% said they were interested in learning more about it, and 75% said they would use crypto if they understood it better.
💎 Filecoin launches decentralized storage service for NFTs
Decentralized storage protocol Filecoin has announced a new free service called NFT.Storage, touting it as a future-proof method of preserving non-fungible tokens' (NFTs) metadata and content off-chain.
While NFTs can nominally represent artworks, music, or videos, the blockchain tokens don't actually contain the files themselves—or even the name of their author, for that matter. Instead, an NFT is essentially a collection of metadata—links to the files they represent, which need to be hosted by third parties such as auction platforms.
Because of this, there's a very real risk of multi-million dollar NFTs becoming defunct if the files they represent are no longer available on the Internet—for example, if the company hosting the file goes under. NFTs can even lose their status as a digital certificate of authenticity and ownership, if there is nothing provably connecting them to an actual media file.
💎 Ebay exploring crypto payment options and NFT auctions
Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform.
In an interview with CNBC today, eBay CEO Jamie Iannone said the company will "continue to look" at payment options like crypto. In addition, he said eBay will be "exploring opportunities" to enable non-fungible tokens, or NFTs, on the platform "in an easy way," comparing the digital offerings to collectibles.
Alpha drop:
On our telegram channel, I have dropped a few alpha (Gems) that you should not miss. This gems was dropped on CoinSutra VIP channel first, in the coming days I will share how you can become a member of CoinSutra VIP.
For now, have a good day and see you in the next newsletter.
Regards
Harsh Agrawal
CoinSutra.com
CoinSutra on Telegram + Crypto News