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Today’s Cryptocurrency Headline

Polkadot announced Saturday the first parachains have gone live and all the winning-auction parachains currently producing blocks on the network. The winning parachains from Polkadot’s first round of auctions were, in order, Acala, Moonbeam, Astar, Parallel Finance, and Clover. The next round of auctions will begin on or around December 23rd, 2021 (block 8263710). The second round will feature 6 auctions in total and the 6 winning prarachians will be onboarded on or around March 11th, 2022 (block 9388800). Several future upgrades have been proposed for Polkadot in order to expand the network’s capabilities in the future. Proposed upgrades include parathreads, which will allow parachian to join the network on pay-per-block basis instead of leasing a slot via auction.

BingX’s Bitcoin Chart

Source: TradingView& BingX

A new study from London-based Nickel Digital Asset Management reveals that 20 listed companies with a market cap of over $1.0 trillion have around $9.6 billion invested in Bitcoin. The cryptocurrency market is quiet over the weekend and BTC is trading around $47,000. However, Bitcoin’s 20-day exponential moving average (20-day EMA) will close below its 200-day exponential moving average (200-day EMA) in a few days which indicates the price could potentially drop to a lower level. 

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