πŸš€ What's the most expensive transaction that you've ever made?πŸ’Έ

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    πŸš€ What's the most expensive transaction that you've ever made?πŸ’Έ

    Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

    Hope your Thursday goes well, Geckos!

     

    Finance leaders from the G7 have convened in Washington to discuss central bank digital currencies (CBDCs) and approved 13 public policy guidelines for the implementation.

     

    The G7 mandated that any newly formed CBDCs must not jeopardise the central bank's ability to preserve financial stability.

     

    They also recognised that they shared responsibility to reduce "harmful spillovers to the international monetary and financial system."

     

    In today's news, an Ethereum user spends $430K for a failed transaction, Coinbase's NFT platform waitlist hits 1M sign ups, and Polkadot parachain auctions are on the horizon.

     

    Read on!

    Alternative chains step up to the plate!

    Our Q3 2021 Quarterly Cryptocurrency Report is now out!
     

    Solana (SOL) and Avalanche (AVAX) have managed to attract large amounts of liquidity in Q3 2021. The two protocols managed to end the quarter with a 6% and 2% TVL dominance respectively.
     

    Binance Smart Chain (BNB) maintained its TVL dominance of 11%, though it has yet to recover its peak of 20% from May 2021. Meanwhile, Terra (LUNA) saw its protocol dominance rise to 5%, even though it only has a few major projects like Mirror (MIR) and Anchor (ANC).

     

    Ethereum (ETH), meanwhile, is maintaining its TVL dominance, even as TVL across all platforms has grown significantly.

     
    Learn more about the state of the crypto market through our Q3 2021 Report 

    24h Hot Searches Worldwide πŸ‘€

    Half A Milly Up In Smoke

     

    An Ethereum (ETH) user has paid $430,000 in fees for a failed transaction and $105,000 to cancel a second one after the first failed.

     

    The person was reportedly attempting to participate in the Strips (STRP) token sale on the MISO launchpad, SushiSwap's (SUSHI) token sale platform.

     

    The participant attempted to deploy Flashbots to get an advantage during the rapid sale, but it appears that something went awry.

     

    TheBlockCrypto

    Going Nuts Over NFTs

     

    More than 1 million people have signed up for Coinbase's NFT platform since the waitlist went live on Oct 12.

     

    The insane traffic volume had temporarily crashed the site, according to Sanchan Saxena, Vice President of Product at Coinbase.

     

    Coinbase today has roughly 68 million verified members and 8.8 million monthly active users, therefore the NFT platform could eventually pose a real threat to NFT giants like OpenSea.

     

    Cointelegraph

    Polkadot Parachain Auctions Sets Date

     

    The much-anticipated Polkadot (DOT) parachain auction, in which projects will be assigned parachain slots to build on the network, will kick off next month.

     

    The parachain auction is a critical step in realising Ethereum co-founder Gavin Wood's vision of a connected blockchain framework.

     

    According to the Polkadot Council, the first auction is slated to take place on Nov 11, with each auction assigning a parachain slot for a total of 96 weeks.

     

    CoinDesk


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    Transactions Per Second (TPS)

     

    It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.

      

    Learn about other Crypto terms here

    NFT of the Day πŸ–ΌοΈ

    097 - It's Because You're Pretty

    Artist: Amber Vittoria

    Gallery: OpenSea

     

    The "It's Because You're Pretty" series reaches for opposing ends of beauty's spectrum. It pulls on the attention beauty attracts as a path for the artist to create beautiful forms for form's sake, a practice traditionally not reserved for female artists. It reminds us that women are often expected to speak to societal struggles within our art, even if subtly.


    Poem that inspired the collection:
    "It's Because You're Pretty"
    When the value
    Of what you say
    Only seems to matter
    If they find you beautiful;
    What a cliche.

      

    Check out other NFTs on CoinGecko

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    Submit your favorite NFTs here for a chance to be featured as our NFT of the Day!

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