The 10 most important news in 2021
Author: Colin Wu
1 Bitcoin's record high and U.S. CPI record high in nearly 40 years
The price of Bitcoin hit a record high of $69,000 on November 10th. In the United States, the non-seasonally adjusted CPI in November rose by 6.8 percent over the last 12 months, the highest since June 1982. Against the background that China may cut interest rates and the United States may raise interest rates, the global currency situation in 2022 is extremely complicated.
2 China clears mining and Huobi clears tens of millions of users
China completed withdrawal of Bitcoin mining and transactions, and then China's largest exchange, Huobi, announced the withdrawal of all Chinese users. This is still the most important news event this year. This means the complete transfer of mining industry, and the migration of Chinese crypto companies to the world, which has also stimulated the support of the United States for the industry.
3 El Salvador declares Bitcoin as legal tender
Although it is only a small country in South America, El Salvador surprisingly announced that Bitcoin has become legal tender, and continued to buy on dips when the world is not optimistic. New game methods such as Bitcoin City, Bitcoin bonds, and geothermal mining are emerging in endlessly . Where is El Salvador’s great experiment going? This is one of the most important news events this year and in the future.
4 Coinbase successfully listed, Bitcoin futures ETF passed
In April, Coinbase, the largest crypto exchange in the United States, was successfully listed on the traditional capital market. Although the market value often fluctuates violently along with the fluctuation of Bitcoin, it is also the most important landmark event that the crypto industry has entered the traditional financial and public vision. A similar landmark event was the passage of the Bitcoin futures ETF.
5 Musk, Tesla and MEME
The world's richest man, Musk, has entered the crypto industry like an elephant breaking into the kitchen. Tesla first bought a huge amount of Bitcoin and announced that it supports Bitcoin payments. Later, he suddenly stopped supporting for environmental reasons, and Musk also changed from Bitcoin to supporting Dogecoin only. Musk's support for Dogecoin also triggered the subsequent MEME frenzy.
6 Ethereum EIP-1559 successfully upgraded
After the successful upgrade of Ethereum EIP-1559, the price of Ethereum has also reached a record high. Ethereum's annual growth rate of price reached 5x, while Bitcoin's growth rate of price was only 1.2x. But on the other hand, 1559 did not alleviate the problem of expensive Gas, people have more expectation on Ethereum 2.0 in next year.
7 New public chain
New public chains such as Solana, Terra, Avalanche, and Polygon have exploded this year, increasing by 10620%, 13040%, 2454% and 11626% respectively. In addition to the huge wealth effect, each has its own characteristics and advantages, which challenge the ecology of Ethereum.
8 Punk and Ape
CryptoPunks and BAYC led the NFT trend and made Avatar NFT an effective business model. The more important significance of NFT is that it is the first time that the crypto industry has completely broken the circle and merged with traditional society and popular culture.
9 The rise of Axie and gamefi
From DeFi, NFT, to Gamefi, the rise of Axie triggered the popularity of Gamefi. It has a huge community base. At the end of 2021, Gamefi's financing has become the largest part of whole industry. But at the same time some games on BSC crashed. There are many interesting variables where Gamefi will go in 2022.
10 Polynetwork hacking incident
Polynetwork became the largest money theft case in crypto history. Fortunately, the hacker compromised and returned all the money. But whether against the DeFi protocol or centralized exchanges, there are endless cases, and it is only a small number that can be recovered, which have become hackers' ATMs. Many security incidents seem to have no good solutions to hackers for the time being.