Facebook's NEW NAME & Here is WHY ETH Has Hit a New ATH [ October 29, 2021 ]

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For more information about crypto and today's stories, just Ask Alex: 🔵 CoinMarketCap Daily Timestamps: 0:00 - ETH Has Hit a New All-Time High — Here's Why This isn't the only promising development for Ether. Transaction rates are up too, as is the number of new active addresses. Ether touched all-time highs early on Friday amid a slew of bullish indicators. The world's second-largest cryptocurrency raced to $4,400 — a $34 improvement on the previous record set last week. It reflects a remarkable rebound for ETH, which started October at just $3,000. The surge, which means Ether is outperforming Bitcoin on a 24-hour timeframe, follows a successful upgrade to the Ethereum network. Altair is a major milestone in the ongoing transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism. Analysts say the upgrade moves that a permanent shift to PoS is achievable — increasing confidence that the transition will go smoothly. Squid Game Play-to-Earn Token Surges 33,600% 2:04 - SQUID was worth $0.01 on Tuesday and raced above $3 on Friday. This means that taking part in the online game could be difficult. A play-to-earn token inspired by the hit Netflix show Squid Game has experienced a dizzying rise since launching earlier this week. SQUID was worth one cent on Tuesday — but in the space of three days, it has surged 33,600% to hit $3.37. The token will allow players to take part in six online games, all with the goal of winning prize money. According to the project's whitepaper, an added bonus lies in how it's "without any deadly consequences." 3:47 - Revealed: Facebook's New Name The classic thumbs-up sign is gone too, and at its headquarters, you'll now find a blue infinity loop. Facebook has a brand-new name. Last night, the company announced that it will now be known as Meta — reflecting plans to focus on virtual reality and the metaverse. The classic thumbs-up sign is gone too, and at its headquarters, you'll now find a blue infinity loop. Mark Zuckerberg stressed that the names of its apps and social networks — including Facebook, Instagram and WhatsApp — won't be changed. 5:16 - Did a CryptoPunk REALLY Sell for $532 Million?! Delving into the blockchain records shows that not everything is as it seems. There was feverish excitement on Crypto Twitter when an alert suggested that a CryptoPunk had sold for a whopping $532 million. But delving into the blockchain records shows that not everything is as it seems. As Larva Labs, the creator of the NFT collection, explained on Twitter: "Someone bought this punk from themself with borrowed money and repaid the loan in the same transaction." In other words, this was a flash loan — rather than a sign of a new buying frenzy targeting CryptoPunks. 6:37 -What Happened in Play2Earn Games and NFTs This Week? CoinMarketCap takes a look at some of the most prominent play-to-earn and NFT events, from SuperRare's record month, to entertainment icons and pro sports leagues venturing into NFTs. 🔔 Subscribe to not miss tomorrow's crypto news alerts! 🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. Founded by Brandon Chez in May 2013, CoinMarketCap or CMC has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of crypto assets and is commonly cited by CNBC, Bloomberg, and other major news outlets. 📲 Download our app! IOS : Android : 🤝 Join CoinMarketCap! Follow CoinMarketCap on social! 📩 Subscribe to our Newsletter!
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