Daily Crypto NewsEDITION #368, 10 December 2021

Bill Gates' child is ok in crypto

Hey Moni Maker ⚽️

Today is Football Day all over the world. The football community is one of the biggest in the sporting space. There are the players, there are the ordinary fans, and then there are the ultras. Even us crypto cats and bogs are a bit into football - NFT cards and play-to-earn games continue the human love affair with kicking a white ball. 

Well, so, let's kick the news. Digest here! Let's go! 

Today, Palm NFT Studio announced a $27 million Series B funding round led by Microsoft’s M12 venture fund. Entertainment icon Warner Bros. is another major participant in the round, alongside Griffin Gaming Partners, SK Telecom, RRE, Third Kind Venture Capital, Sfermion, and The LAO, an investment-focused decentralized autonomous organization (DAO).

“When we went to raise this money, it was important for us to find strategic partners who were philosophically and ideologically aligned with what we're trying to do here,” Palm NFT Studio CEO Dan Heyman told Decrypt. “I couldn't imagine a better group than we've come up with.”

So what? 

Microsoft has been involved in the Ethereum space for several years, including an alliance with ConsenSys—Palm NFT Studio’s parent company. Looks like we can wait more crypto collaborations from Bill Gate’s child, yeah?

China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in a months-long financial drama that paves the way for a massive restructuring of the world’s most indebted developer.

Fitch Ratings cut the developer to restricted default over its failure to meet two coupon payments after a grace period expired on Monday, according to a statement. The credit assessor said the developer didn’t respond to request for confirmation on the payment, and is assuming it wasn’t made. The downgrade may trigger cross defaults on Evergrande’s $19.2 billion of dollar debt.

Let's remember our September post about this drama company

Members of Parliament in the UK told Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), that cryptocurrencies are not investments and the words “invest and investment” should not be used in the context of these assets, per The Times. 

“The words ‘your investment’ endorse the idea that this is an investment on par with an FTSE 100 company or a unit trust,” Harriet Baldwin, Conservative MP for West Worcestershire reportedly said. 

“Your website actually publishes a list of unregistered crypto asset businesses for anti-money laundering purposes. It’s meant to be helpful but it could also be helpful to someone who just wants to launder money,” the MP and former JP Morgan banker added. 

We propose banning ALL cleaning services. Because they hint at money laundering.

Today, SuperRare user yfimaxi won the Genesis Collection collection—an NFT collection of art, journal entries, and other memorabilia created by Silk Road founder Ross Ulbricht—for 1,446 Ethereum ($6,272,603 at today's prices).

The user who won is a member of PleasrDAO, according to a spokesperson from the DAO. "We had some multisig issues and had one of our members place the bid on our behalf," they told Decrypt. A multisig refers to a multi-signature crypto wallet in which several key holders must approve a transaction before it can be executed.

Does Ross has to be free? #FreeRoss and no?

How will Allbridge make your life better? What's the $ABR token for? Almost 190% APR for staking? 

Read and become a bridge

NGMI — is an acronym for “not gonna make it”. It is usually used to describe a situation when a person does not want to buy Bitcoin or another token, because he is afraid of losses. And that’s why he won’t make money in the future.

And more you can find in our Glossary!

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