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Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio
In a live recording with Reddit’s r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O’Leary discussed how cryptocurrencies now make up 10% of his investment portfolio: “At the beginning of the year, I was at 3% weighting; the target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we’re almost at 10% today. Some people think the game is over, and Ethereum is it, but I don’t agree. There are many other alternatives, whether it be Solana or anything else. If you’re an investor like I am, you want diversification. That’s the key.” O’Leary was previously a cryptocurrency skeptic, calling Bitcoin (BTC) “garbage” in an interview with CNBC two years prior. In explain...
Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto markets tag $3T combined market cap for first time At the start of this week, the combined cryptocurrency market cap broke $3 trillion for the first time. The market has fluctuated heavily this year, previously topping out at $2.62 trillion during the height of the bull run in May, before crashing down to as low as $1.24 trillion in mid-July. CoinGecko’s data tracks 10,418 digital assets across 518 cryptocurrency exchanges, and the surging momentum in the latter half of 2021 comes on the back of B...
BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade
The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit). The Taproot upgrade aims to improve the scripting capabilities and privacy of the Bitcoin network. To do this, the soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST). According to a Taproot-dedicated website run by prominent Bitcoin developer Hampus Sjöberg: “[MAST] can help make smart contracts more efficient and private by only revealing the relevant parts of the contract when spending.” Speaking to Coint...
Taylor Swift Breaks Spotify Single-Day Streaming Records With ‘Red (Taylor’s Version)’
Taylor Swift‘s re-recorded Red album has made Spotify history in its first day of release. Red (Taylor’s Version), Swift’s 30-track album that arrived on Nov. 12, is already breaking records on the streaming service: On its opening day it became the most-streamed album in a day by a female, with more than 90.8 million global streams, Spotify confirmed with Billboard. With this feat, Swift tops her previously held record with 2020’s Folklore, which in its first day saw 80.6 million streams. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and ...
COP26 climate deal ‘too late’ for vulnerable countries but too much for others
“Not everyone gets to make choices that actually affect an entire planet. We are privileged today to do exactly that,” said United States Special Climate Envoy John Kerry. “It will be too late for the Maldives,” Aminath Shauna, environment minister of the Maldives, said immediately after Kerry spoke, adding: “What is balanced and pragmatic to other parties will not help the Maldives adapt in time.” China’s chief negotiator Xie Zhenhua, left, talks with John Kerry, United States Special Presidential Envoy for Climate, center, as Frans Timmermans of the EU looks on at right during a stocktaking plenary session at the COP26 U.N. Climate Summit in Glasgow, Scotland on Saturday. | Alberto Pezzali/AP Photo The deal prodded high-emitting nations like China to return next year to reass...
The U.S. turns up the heat at climate talks
While the world’s No. 2 greenhouse gas polluter wielded its diplomatic leverage and frequently overshadowed its U.K. government hosts, the U.S. failed to persuade China into making a firm vow to increase its climate change ambition. And the U.S., like other major economies, acquiesced to demands to soften a call to “phase down” use of coal, rather than eliminate use of the fuel most responsible for climate change. Still, the presence of the U.S. helped drive the urgency at the talks, delegates said, particularly after the four years of the Trump administration when the U.S. largely ignored the issue. “There’s a great difference,” Spanish Minister for the Ecological Transition Teresa Ribera said in an interview, referring to the renewed U.S. push. “Of course, it is going to requ...
PHOTOS: The faces of COP26
Seve Paeniu, minister of Finance of the tiny island nation of Tuvalu, shows photos of his grandchildren on his phone as he makes his plea for action at the COP26 United Nations Climate Change Conference in Glasgow, Scotland, on Nov. 13, 2021. Alastair Grant/AP Photo
The last-minute coal demand that almost sunk the Glasgow climate deal
The atmosphere was tense. The Chinese were willing to put the whole conference was on the line. “We will break the whole thing down,” said one Chinese delegate, according to the EU official. Either way, the Glasgow deal would be historic in becoming the first ever U.N. climate agreement to even mention the fuel most responsible warming the planet. But the difference between the eradication of coal and its limitation was fateful for the vulnerable countries watching the great powers leaving and entering the room. Sharma was attempting to keep delegates from small island states and the least developed countries informed, moving in and out of the room, a U.K. official said. But China and India had blindsided the entire conference, and the U.K. presidency, by waiting for the last possible mome...
As Patreon tests the waters, can crypto open doors for content creators?
As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies. Patreon executives recently teased the idea at the 2021 Creator Economy Summit with CEO Jack Conte making an appearance alongside chief product officer Julian Gutman. During the event, the two interacted with the audience at length and when asked about their decision to venture into the digital asset space, Conte replied by saying: “I really love the idea of c...
Crypto trading face-off: Shiba Inu (78 million percent in a year) vs Koinos (535% in a month)
The story of Shiba Inu (SHIB), crypto’s best-performer of the year, still boggles the mind — even after multiple retellings. Just 12 months ago, the price of one SHIB token had ten zeros in front of it: $0.000000000063 on volume of $682.58, according to CoinGecko. By late October of this year, six of those zeros had gone and Shiba Inu had flippened Dogecoin to become the largest dog-themed token in the world, a top-ten cryptocurrency worth around $47 billion. Despite dropping almost 40% from that all-time high, SHIB still sits at a market cap of almost $29 billion — making it almost 350 times more valuable than our contender, Koinos Network (KOIN). Koinos Network has been the best-performer of the week on the Cointelegraph Markets Pro data and intelligence platform, where the proprietary V...
DeFi’s quest to reimagine finance must come from a community-based design
Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix and Abracadabra are exploring new ways of operating without giving up token rewards. For all the innovations happening with decentralized systems in crypto, they are still failing to open new pathways for economic prosperity for the most marginalized. In its current form, DeFi remains open only to people who already have access to the financial system and live in countries with strong financial markets. This is evident by the fact that the growth of DeFi has been particularly driven by crypto degens. As DeFi 2.0 continues to grow, it needs to break free from the historical underpinnings of ...
The stablecoin boom won’t continue without decentralized interoperability
Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial Markets details the various measures to ensure stablecoin regulation is implemented within government guidelines. A global central bank survey by the Bank for International Settlements (BIS) shows 86% of central banks are now actively engaged in some way with central bank digital currencies (CBDCs), a government-backed form of a stablecoin. Of this cohort of central banks, seven have now officially launched CBDCs, while 17 more are in the pilot phase, according to the Atlantic Council CBDC tracker. Like ...
