Daily Crypto NewsEDITION #328, 15 October 2021

My BTC goes to ETF. lol

😂 Hey Moni Maker

Today the whole world celebrates Rural Women's Day. Yes, city dweller, you probably don't know the harshness of rural life: early risings, all day busy farming, digging... Modern farmers throw stablecoins in the scam farming cars and wait for a miracle, sitting in the comfort of their homes behind fancy Apple laptops. But what would they munch on without farmworkers? Stablecoins will not feed you.

That's why every profession in our society should be (almost) respected. Digest respects everyone, and you? Let's go!

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report.

The publication said in a report on Thursday night that the U.S. regulator "isn't likely to block the products from starting to trade next week," citing people familiar with the matter.

The report came several hours after the SEC said in a tweet through its investor education account that "Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits."

Bitcoin futures ETFs are different from Bitcoin ETFs in that they are based on futures contracts and are filed under mutual fund rules.

So what?

Hm, it feels like it will last forever: China will ban Bitcoin, Tether will sue everyone, Mt.Gox will give the dough, and the SEC will accept ETFs.

LEL.

Vladimir Putin told it's too early for crypto, but...

Cryptocurrency “has the right to exist and can be used as a means of payment,” Putin said in an interview with CNBC that was posted on the Kremlin’s website Thursday. Still, he cautioned it was too soon to talk about using digital currencies for trading oil and other commodities that form the bulk of Russia’s exports.

A Financial Stability Board (FSB) survey has found that stablecoins, or cryptocurrencies pegged to real-world assets, are currently not being used at a significant scale for mainstream payments. The finding was mentioned Wednesday in an FSB progress report for enhancing cross-border payments. The FSB published its first targets for improving cross-border payments in October of last year. Wednesday’s progress report acknowledged the market capitalization of existing stablecoins has continued to grow in the last two years, and that stablecoins could contribute to facilitating better cross-border payments.

So...what will we do with these stablecoins? Donna......

Hard fork is a process of big changes in networks' protocol that make previously valid blocks invalid. After hard fork to continue using protocol users and nodes have to upgrade to the latest version of the software.

And more you can find in our Glossary!

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