Weekly: What’s Hot on the Crypto Market [ChangeNOW’s Blog]

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Happy Friday, y’all! During the week that is now coming to an end, there has been quite a bit going on in the crypto world. In What’s Hot? ChangeNOW offers weekly reviews of the most interesting and trending happenings on the crypto market.

Now, what was the community talking about this week?

Monero transaction fees are down 97%

After the successful launch of Monero’s hard fork “Berillium Bullet” on October 18, the average transaction fees for the users have fallen from 60 cents to just 2 cents. This massive change was made possible by implementing “bulletproofs”, which enables the details of a transaction to be hidden from the public blockchain. Not only this hard fork allows lowering the transaction fees, but also enhances privacy, makes transactions faster and requires far less disc storage space. For more information on the fork, check out our release article.

HTC launches first ever blockchain smartphone

The Taiwanese company has officially announced the launch of Exodus 1. With preorders open on HTC website, the phones will ship in the beginning of December. An interesting thing about the novelty is that the payments are only accepted in cryptocurrency. Exodus 1 will have a 6-inch display, a Snapdragon 845 processor with 6 GB of RAM and 128 GB of storage. HTC announced Exodus as the world’s first ever blockchain phone that enables decentralised app support and doubles as a hardware wallet.

Elon Musk gets blocked on Twitter because of Bitcoin

Mr. Musk is known for his controversial Tweets, starting with a declaration that he could make Tesla private for $420 and a scandal with a Thai cave rescue diver. This time Twitter took a step of locking Elon’s account after a tweet asking a follower if they would like to buy Bitcoin. Musk later said that it was a joke, but Twitter apparently did not see anything funny in it.

Bitcoin price fails to break out

For some time this week Bitcoin price was showing signs of potential breakout and had its momentum at the $6,400 mark. However, a fall from $6,430 to $6,370 put an end to the fun. In the next few days, it is most likely, as experts predict, to see BTC price stable.

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