Daily Crypto NewsEDITION #110, 24 December 2020

Burn, ETH, Burn!

Hey #Moni Maker ✋

It's one week to go until New Year and we hope you've already stocked up on gifts for your family and friends, and the market has prepared some gifts for all of us 🎁! Well, the mood = ToTheMoon, so let's keep it up by checking out today’s digest!

EIP-1559 is an important Ethereum update designed to move the network away from an auction-based commission model to automatically calculate load-sensitive transaction fees for miners.

EIP-1559 could lead to deflation. As the gas is consumed, most ETH will be burned, which in the long run could even lead to a reduction in the number of coins. This way, the developers will reduce the load on the network and get rid of investor fears of "high inflation."

So what?

Burning coins still usually leads to an increase in price. *not financial advice*.

“The Bitwise 10 Crypto Index Fund does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws. Bitwise’s decision to liquidate its position in XRP was based on consideration of new public information from the SEC’s complaint.” – told the official statement.

So what?

XRP has fallen almost three times in just one week. Hang in there, holders!

Will the Ripple army help in the war against the SEC? Hmm, we could make a blockbuster movie...

Pavel Durov, Telegram CEO, published a post on his channel in which he talked about future plans of monetization of Telegram.

Here are the main points:

Telegram will not be sold to anyone;

All current services will remain free;

No ads will be added to Telegram's social networking services;

Most users will not notice the changes;

More features for business teams and advanced users will be added;

Telegram's monetization should benefit not only us, but the entire community;

There will be an advertising exchange, which, among other things, will allow owners of large channels to get free traffic;

There will be paid stickers with a percentage of sales for artists;

So what?

Looks like it’s the time for Durov to pay for TON debts, but he got out of the situation in style.

At least give us the BTC address, we'll donate you with guys $10-15 each, TG is the best messenger so far.

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