Hillary Clinton Warns That Crypto Could Destabilize Nations – November 22

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $58,144

Bitcoin price has started the week where it left off on Friday, ranging once again in around the $58,000 mark.

Top-20 altcoins are mostly down over the last 24 hours, as Ethereum falls 3%, Cardano drops 4%, but Solana rises 2%.

Top Stories for November 22, 2021 πŸ”₯

πŸ‘‰ Hillary Clinton Warns That Crypto Could Destabilize Nations

Hillary Clinton has warned that cryptocurrency has the potential to destabilize countries and the hegemony of the US dollar, during a panel discussion at the Bloomberg New Economy Forum.

Clinton outlined that the destabilizing effects of cryptocurrencies would likely begin with small countries and continue onto much larger ones – including a potential threat to the reserve currency status of the US dollar.

πŸ‘‰ Total Value Locked On Ethereum L2s Reaches New All-Time High

A new all-time high has been reached for the total value locked within Ethereum Layer-2 scaling platforms, with a total of $5.64 billion.

Arbitrum One accounts for $2.67 billion of the total, or around 45%, while decentralized derivatives exchange dYdX accounts for $975 million.

The rise in Layer-2 adoption has been attributed to their ability to process cheaper and faster transactions compared to the Ethereum base layer, which currently has an average transaction fee of around $40.

πŸ‘‰ Celsius Lending Platform Boosts BTC Mining Investment To $500M

Crypto lending platform Celsius Network has added another $300 million to its investment into Bitcoin mining, bringing it to a total of $500 million.

The investment will expand Celsius Network’s Bitcoin mining operations in North America, seeking to capitalize on the Chinese crackdown on cryptocurrency activity earlier this year.