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Crypto Updates Nov 21, 2021: Top Crypto News for today

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While China is still bearish on the entire crypto market, Foundry USA becomes the second-largest Bitcoin mining pool. Currently holding 15.42%  of the total network it stands second to AntPool. Read what it means for the crypto sector below. 

The bot overlooking the activities of the top 1000 Ethereum whales reveals that a few altcoins apart from Ethereum are enjoying a great percentage of their net worth. Among these coins, Shiba Inu continues to dominate amounting to $2.36 billion. Read about the top 7 coins Ethereum whales are bullish on and the percentage they share on their portfolio below. 

The long-awaited project lead by Twitter’s CEO, Jack Dorsey, tbDEX has finally started to materialize. After discussing his DeFi plans a few days back, the white paper concerning the project was also released. He aims to build a completely trustless system to bridge the current gaps between Fiat and Bitcoin. Read more about this project below. 

Before we head to the hottest happenings around the crypto sector let’s explore the top gainers and losers for the day on CoinDCX. 

Crypto Market Trend  November 21, 2021 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by November 21, 2021)  Change in % 
Polymath (POLY) ₹64.81 19.17%
Harmony (ONE) ₹23.63 12.13%
Avalanche (AVAX) ₹10834.89 11.84%

*Prices are latest by 10:30 AM, 21st November 2021.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by November 21,  2021)  Change in % 
Fantom (FTM) ₹169.22 7.44%
Basic Attention Token (BAT) ₹87.38 6.86%
UMA (UMA) ₹1339.00 5.24%

*Prices are latest by 10:30 AM, 21st November 2021.*

Crypto Updates Nov 21, 2021

Amidst the China Ban, Foundry USA becomes the second-largest Bitcoin mining pool

New York based crypto-mining services, Foundry USA became the world’s second-largest Bitcoin mining pool. It currently shares 15.42% of the network. It stands second to the pool leader AntPool with a very minimal difference in the hash rate of just 4000 PH/s which contributes to around 17.76% of the network share. 

China’s recent ban on crypto mining and trading activities is one of the reasons for the raised participation of American companies. The ban forced a lot of local Bitcoin miners to migrate to crypto-friendly jurisdictions such as Russia, the United States, etc. Read more on how this will affect the cryptocurrency space and what can be expected out of Foundry USA in the future, here

Source: Cointelegraph

Ethereum whales are accumulating Shiba Inu, Axie Infinity, and other 7 additional altcoin

The bot that keeps a close eye on Whales, WhaleStats has revealed some of the most popular altcoin purchases among the top 1000 Ethereum (ETH) holders. According to this bot, some of the most popular altcoins among the Ethereum whales are Tether (USDT), Gala (GALA), Yearn. finance (YFI), Chainlink (LINK), Axie Infinity (AXS), and Shiba Inu (SHIB). 

Looking at the entire pack after subtracting Ethereum (ETH), the most dominating of the altcoins is Shiba Inu. Data reveals that the top 1000 ETH wallets together have over $2.36 Billion worth of SHIB  tokens. 

Read more on this here


Jack Dorsey’s Bitcoin DEX project TBD launches its white paper 

CEO of Twitter and founder of Square, Jack Dorsey is a very famous Bitcoin influencer and his new Decentralized Bitcoin exchange project has finally started to take shape. The DeFi plans for this Bitcoin exchange were announced by the leader a few months back and yesterday he even shared the white paper marking the beginning of the project. 

The white paper addresses the current issues and how tbDEX aims to bridge the gap between fiat and Bitcoin. tbDEX aims to offer a direct platform for users to convert their Fiat into Bitcoin without going through multiple platforms. Although there are a few platforms that offer such services it involves a lot of complexities. Square’s tbDEX is the first attempt to build a completely trustless platform.

Read more on this new DEX project by Jack Dorsey here


DCX News 

CoinDCX announces Listing carnival from November 22 to  November 26. Coins such as FTT, IOTX, USDC, Chiliz, and many more are about to make their way to the CoinDCX app. These 15 coins have gone through rigorous measures of the 7 M framework and have finally made their way to CoinDCX. Prizes up to INR 15 Lakhs are up for grab. Click here to know more and participate. 

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