Bitcoin at Two-Week Highs 📈

ENS users called Brantly Millegan's tweet "unacceptable." ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.71T (-9.97%) 24 Hour Volume $73.70B (+18.61%) Notable Movers[(LEO) $4.95]( (+22.27%) Notable Movers (DeFi)[(AVAX) $70.21]( (+6.00%) Bitcoin Dominance 41.85 %[(+0.41)]( Bitcoin Price[(BTC) $42,613.99 (+2.46%)]( Ethereum Price[(ETH) $3,062.02 (+1.64%)]( Cardano Price[(ADA) $1,18 (+5.22%)]( Editor's Note NFTs: Love to Hate ‘Em? Why is it that NFTs are attracting all of the haters? Has it become cooler to hate NFTs than to own an NFT? In the past two weeks, there has been a flurry of NFT "bad news" — video game publisher Team17 abandoned its NFT plans after pushback from its community, the WWF also cancelled its NFT launch due to environmental concerns, the @NFT Instagram was banned forever for violating Facebook policies to disclose ads, the list truly goes on. It’s become the norm almost for any non-inherently crypto company to get a large amount of backlash if they dare to dip their toes into the NFT realm. Why is it such a thing to hate on NFTs? We can break down this anti-NFT hate into a few categories. - Environmental concerns. People love to care about the planet. I care about the planet! NFTs arguably use up a lot of energy, which is bad for the planet. Therefore, NFTs are bad for the environment and we don’t like them. - Scams. This implies that many NFT-haters are really altruistic at heart — they are so worried about other people falling for fake NFT scams that they would rather NFTs disappear altogether! Who knew that so many people cared about other peoples’ risky investments? - Clout. Sometimes, it’s cool to dislike what other people like. Since NFTs became the hot new thing, the hipster-minded population at first were on board — what a cool new form of art! Of technology! But then, NFTs became too popular, and it was no longer something special to be a part of — NFTs became mainstream. Therefore, it’s cooler to be against NFTs than to be for them, so we don’t like them. We admit that we are being facetious here, but jokes aside, it’s fascinating to see how many people (both online and in real life) spend so much of their time discussing how much they do not like NFTs and don’t want them to exist. NFTs may go on to be one of those polarizing things that define your personality — just like people who love or hate cilantro, or marmite, or pineapple on pizza. (I happen to love pineapple on pizza). Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] hits two-week highs]( Bitcoin is trading at its highest level in more than two weeks, but may face challenges as bulls tackle stubborn resistance at $43,000. The world's biggest cryptocurrency performed strongly on Friday — surging from $37,500 to $40,000 in under three hours. BTC's price later peaked at $41,500 and remained in a tight range throughout the weekend. The cryptocurrency's fate may rest on how Wall Street tech stocks perform when markets in the U.S. open later today. in crisis over leader's tweet]( Ethereum Name Service has been plunged into controversy after a 2016 tweet by the project's director of operations resurfaced. Back in 2016, Brantly Millegan — known as brantly.eth on Twitter — had posted: "Homosexual acts are evil. Transgenderism doesn't exist. Abortion is murder. Contraception is a perversion. So is masturbation and porn." His remarks have been described as "unacceptable," and the non-profit responsible for the project has now terminated his employment. rupee will be 'amazing' for crypto]( The founder of India's biggest crypto exchange has said that the digital rupee is going to be "amazing" — and will play a crucial role in raising awareness about cryptocurrencies. [Speaking to the CoinMarketRecap podcast,]( Nischal Shetty predicted that the central bank digital currency "will actually grow the public crypto markets." He added: "We can't be sitting on the sidelines while others build their CBDC. Kudos to the government for wanting to do this." @NFT Insta account was banned]( A high-profile account dedicated to non-fungible tokens has been banned by Instagram. The permanent suspension of @NFT follows allegations the page had repeatedly posted sponsored content — without clearly disclosing it was advertising. Boasting 1.7 million followers, and counting Mark Cuban among its investors, @NFT was undoubtedly responsible for introducing countless Instagrammers to the world of digital art. Accusations of shady practices were made in a detailed Twitter thread. critics 'uninformed,' musician says]( A Grammy-winning artist has passionately defended NFTs after a week of negative headlines for the industry. RAC argued that "a lot of people seem to miss that the entire point of NFTs is to make content FREE while making ownership scarce." He also described the business models used by the likes of Amazon, Apple and Spotify as "exploitative," adding: "I have 3.5 million unique listeners per month on Spotify, yet I made more income from five collectors." latest to perform NFT U-turn]( The WWF has abruptly pulled the plug on its sale of "non-fungible animals" after a backlash. It was hoped that the collection of 10 endangered species would help raise funds for the charity's conservation work — but critics said the sale was at odds with its eco-friendly credentials. One naysayer said the WWF's move was "astonishingly stupid." In a statement, the charity announced that the "trial" was coming to a close, adding: "We all have lots to learn about this new market." rising stars in crypto revealed]( Our friends at Decrypt have curated a list of 13 people who are set to help write crypto's future — fresh faces who might go on to become as famous as the industry's early legends. Thanks for reading! Have a great day — more news tomorrow! What Are Play-to-Earn Games? How Players Are Making a Living With NFTs NFT-powered play-to-earn games are revolutionizing the gaming world, with many gamers now earning a living playing titles like Axie Infinity. [Learn More]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States