Coin Logic Daily News Flash - Top Crypto News For Dec 23,2021

Hello everyone and welcome back to another Coin Logic Daily News Flash where we bring you our top stories from some of the top crypto news sources in the space. All of the articles below can be found in our News Center on Coin Logic.

Not only do we use 4 of the top news sources in the space, but we also source our news and updates directly from the Hive blockchain community! We really just give a quick summary of what these articles are talking about in our own words. We highly recommend if any of these subjects interest you, to click on the article link to explore it for yourself!

Our primary news sources are:
AMB Crypto Bitcoin.com Bitcoin Magazine Decrypto.co Hive Blockchain:

Leofinance.io
HiveHustlers.io
Coinlogic.finance community

Top Story from AMB Crypto

A ‘burn’ after-party: Bigger Entertainment to burn 176 million SHIB post Christmas

https://ambcrypto.com/a-burn-after-party-bigger-entertainment-to-burn176-million-shib-post-christmas/

Our Summary:

Here is one for the Shiba Inu fans out there!

Record label, Bigger Entertainment's owner, Steven Cooper is throwing an after Christmas burn party where he will be burning 176 million SHIB tokens.

They are selling tickets to this party for $5 a ticket.

As per Cooper’s crypto label,

“Our playlists burn 20-100% based on project. Some stores burn more than others. The official list burns the most, with the instrumentals coming in 2nd. 1 listener – 8 hours = 3,000 #shib daily average.”

This company has an interesting approach in that for every play on their playlist, the revenue generated goes to purchase and burn SHIB tokens.

It's an interesting concept that you can learn more about at https://www.biggerentertainment.com/playlists

If this catches your attention, check out the full article on AMB Crypto.

Top Story From Bitcoin.com

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

https://news.bitcoin.com/jack-dorsey-elon-musk-raise-concerns-web3-skepticism-ownership-grows/

Our Summary: Here we go again... Here is Elon and Jack making fools of themselves for speaking without doing their research.

This time instead of crapping on Bitcoin mining and the energy argument, they are coming out against Web3. Really funny considering Jack is building a so called web3 platform with Blue Sky that we all know will not be true web3.

As most of us have seen on Twitter, Jack made an idiot of himself by trying to trash Web3 saying it was centralized by VCs and the like, and then Elon came out of the woodwork to put in his 2 cents and basically it came out that they are focusing the criticism of A16z, which is Andreessen Horowitz.

It is obvious that both Jack and Elon are completely oblivious of true Web3 platforms like Hive and really just want to have pissing battles with other billionaires.

That is the summary, but the article goes into greater detail about the whole thing so make sure to go check it out.

Top Story From Bitcoin Magazine

PUBLICLY-TRADED BITCOIN MINERS HAVE BEEN OUTPERFORMING THE BITCOIN PRICE

https://bitcoinmagazine.com/markets/bitcoin-miners-outperforming-bitcoin-price

Our Summary:

Four publicly-traded bitcoin mining companies have outperformed the price of bitcoin since 2020 for a few key reasons.

This article from Bitcoin Magazine is focusing on the 4 big publicly traded mining companies, RIOT, MARA, BITF, and HUT.

Since the start of 2020, these four companies have outpaced the performance of bitcoin, and there's a few key reasons why. Namely, publicly-traded equities are often valued using a multiple of their current earnings/cash flows.

Towards the last quarter of 2020, miner hash price started to explode, and thus the revenue and subsequently public miner market capitalizations followed. Hash price is quantified by dividing hash rate by miner revenue (dollar per terahash in particular).

So to break it down, price action doesn't always match what is actually happening on chain. When Chinese miners basically halted, the hash rates were spread out across the other miners and these companies, being 4 of the largest mining companies, banked off of that extra hash rate, creating more cash flow and income for their companies.

If you want to know more details on why these companies outperformed Bitcoin's price, check out the article!

Top Story From Decrypt.co

Uniswap Comes to Polygon, Sending MATIC to Record High

https://decrypt.co/89118/uniswap-polygon-matic-token-record-high

Our Summary:

Well now we know the reason for the MATIC pumps over the last few days... Uniswap has officially launched on Polygon! It's really about time. They have honestly in our opinion, dropped the ball and have been really slow about extending beyond Ethereum. The masses are starting to pick up on what Polygon is putting down and there is allot of traffic and development moving in that direction.

It was becoming extremely difficult to sell people on using Uniswap due to the crazy gas fees on the Ethereum base chain. Well Polygon has enabled with their second layer scaling abilities to cut the gas fees to next to nothing. It's no wonder why many people are flocking to alternative chains like Polygon and Binance Smart Chain. We are really surprised that it took Uniswap so long to catch up to the party.

The article is really just explaining allot of what a decentralized exchange is and some of the downfalls that Uniswap was seeing by being solely on Ethereum.

Top Story From the Hive Blockchain

Passive Income With Crypto Now Breaking Records

Our Summary:

In this Hive article by @bitcoinflood, we kind of go through the progression of passive income in crypto going from just mining, to staking, and now with DEFI and other forms of earning passively. The author takes us through their circle of earning on the Hive blockchain and by focusing on creating great content, then putting the rewards to work in places like LEO/CUB, HBD's 12% savings wallet and the latest addition to the Hive family, BeeSwap and their BXT token. DEFI is certainly alive on Hive!

We love to showcase good Hive articles, so be on the lookout for us to vote and comment on your post if we like it and want to share with our audience!

Nothing we say is financial advise. This is for educational and recreational purposes only! Stay safe in these volitile markets and don't get rekt!

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