Daily Crypto NewsEDITION #300, 07 September 2021

Bitcoin hugs planet Earth

Hey Moni Maker

Today, the 1996 assassination attempt on American rap legend Tupac Amaru Shakur aka 2pac, happened. In 5 days, 2pac will pass away in the hospital. Oh... Life is a harsh and unpredictable thing. You live your life; you rap, you get shot. Of course, we're not gangsta rappers, but we must learn a lesson from such situations. And it's about trying to live life, not just exist. After all, you too could get shot tomorrow. So take some fiat out of the deposit and go to a cafe and buy yourself a doughnut.

And read the Digest! Let's go!

As Decrypt reports, One possible reason behind the latest price action is a growing social media campaign calling for people to purchase small amounts of Bitcoin on September 7 when the cryptocurrency becomes legal tender in El Salvador.

Over the past few days, users on social media platform Twitter, often via the #7SeptemberBuyBTC hashtag, have been sharing plans to coordinate $30 purchases of Bitcoin–a move meant to show support for El Salvador’s Bitcoin law.

Some prominent figures joined the campaign as well, including MicroStrategy’s CEO Michael Saylor, who wants “every cyber hornet” to show solidarity with the people of El Salvador and the country’s president Nayib Bukele.

So what?

#7SeptemberBuyBTC

“It is with conflicted emotions that I announce the end of RULER & COVER Protocol,” said DeFi Ted today as he laid the troubled DeFi insurance project to rest.

“The decision to do this did not come easy and is a final decision the remaining team made after reviewing the path forward after the core developers suddenly left the projects,” Ted continued. He advised that customers withdraw funds from Cover protocols “asap.”

So what?

That's how dreams are shattered. Apparently, the guys took on too much. Well, good luck to them, good luck.

And you watch out, rest more and do not burn out! Or we'll write about you that you left crypto..., but we don't want to!

British Financial Regulator Lays Out 3 Ways to Rein in Cryptocurrencies.

“It’s difficult for regulators around the world to stand by and watch people, sometimes very vulnerable people, putting their financial futures in jeopardy, based on disinformation and fear of missing out.”

The solution—he suggests—is for regulators facing down the crypto industry to focus on three primary issues.

First and foremost—making it harder for cryptocurrencies to be used for financial crime. Secondly, regulators must consider how to support useful innovation. Finally, regulators must take a view as to how free consumers should be to buy unregulated and speculative cryptocurrencies before the regulator steps in.

So what?

"Making it harder for cryptocurrencies to be used for financial crime.” At this point, the project can be closed. How do you want to do it? KYC? Ban cryptocurrencies worldwide? Tag bitcoins?!

FTX CEO Sam Bankman-Fried wrote that the FTX US exchange has now also launched the NFT minting and trading feature within the platform.

Sam posted his NFT with the text "Test" as an example.

So what?

Test So what?

Seriously, look at FTX. They are very active.

Crypto exchange Bitfinex has launched a new exchange called Bitfinex Securities that will allow trading of tokenized equities and bonds.

“We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges,” Bitfinex Securities CTO Paolo Ardoino told The Block.

Initial Coin Offering (ICO) is a fundraising method that was popular in 2016-2017 years. ICOs are carried out by the startup team itself. An user investing money receives a token before listing on exchanges.

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)