The number of nodes with active channels on Bitcoin's Lightning Network (LN) continues to grow with the increasing adaptation of both retail and institutional investors. According to data provided by Bitcoin Visuals, the number of nodes with active channels on the network increased by 23.13% and 3,534 new nodes were added between the dates of September 3 - December 3.
Investors Get Ready for Monday Opening As Evergrande Goes into Default
"Evergrande's problem was mainly caused by its own mismanagement and break-neck expansion," the People's Bank of China said. "The short-term risks of individual real estate companies will not affect the normal financing function of the medium- and long-term market," continued its statement. Evergrande said on Friday after the market closed: "In light of the group's current liquidity situation, there is no guarantee that it will have sufficient funds to continue to meet its financial obligations," Evergrande said in a statement following the markets close on Friday.
Shiba Inu Might Be Included in the Trillion-Dollar Metaverse
Shiba Inu is a turning point that signals greatly reducing the number of circulation tokens and raising prices. Shiba Inu may soon become involved in the gaming industry.
Ripple and the SEC: The Parties Have Three Days Left to Supplement Their Arguments
The briefs should be filed before December 8, 2021. The new documents that will be submitted should support the parties' arguments regarding Ripple's recent move, and these supplemental briefings should be filed as Deliberative Process Privilege.
Over $2.5 Billion Worth of Liquidations: Plummeting Crypto Market, Down to $2.3 Trillion
Bitcoin and other cryptocurrencies suffered a steep drop while witnessing a weekend sell-off due to low stock market volume and negative macro developments. According to data from Coinglass, in the past 24 hours, more than $2.5 billion worth of liquidations occurred.
U.S. Senator Pat Toomey Says Congress Should Step In To Regulate Cryptocurrencies
Pennsylvania Senator Pat Toomey, one of the leading members of the Senate Banking Committee, suggested that Congress step in with legislation if the Securities and Exchange Commission (SEC) fails to provide adequate guidance on cryptocurrencies.
El Salvador Buys Another 150 BTC Worth $7.3 Million
The pro-Bitcoin president of El Salvador has reported that the country has purchased 150 more Bitcoins with an average price of just over $ 48,500 with the recent price drop.
Ritholtz Wealth Management and WisdomTree Launch New Cryptocurrency Index
New York-based investment advisor Ritholtz Wealth Management and exchange-traded fund and asset manager WisdomTree are launching a cryptocurrency index fund. According to a company statement, the new index, called the RWM WisdomTree Crypto Index, consists of 36% Bitcoin, 20% Ethereum, and four percent of the other 11 cryptocurrencies in a separately managed account.
Ether Could Soon Be the World's First Deflationary Cryptocurrency
According to a report by a group of Australian-based academics, Ethereum's native cryptocurrency, Ether (ETH), might be a better store of value than Bitcoin due to its new deflationary blocks. A collaboration between brainiacs from the University of Technology Sydney, Macquarie University, the University of Western Australia, and the University of Sydney suggests that Ethereum’s advantage is all down to the recent EIP-1559 upgrade.
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