Daily Crypto NewsEDITION #290, 24 August 2021

Bitcoin Mining Comes! Straight to Iran!

Hey Moni Maker

Today, in 2006, Pluto is no longer considered a planet in the solar system and has been relegated to dwarf planets. So there you go, participating in the DAO of the Milky Way, and being told to f@ck off and also being called a dwarf. Maybe Pluto didn't bring enough gems to the DAO? Eh, we won't know anymore.

But we do know that Digest will keep you up to date on crypto events and make sure you don't miss anything. Let's go!

As Decrypt reports, Iran will lift its four-month ban on cryptocurrency mining in September, according to a report from the Iranian Students' News Agency that was subsequently picked up by Iranian English news site Financial Tribune.

In May, President Hassan Rouhani put the temporary prohibition in place as the country's electrical grid came under strain due to high temperatures and energy shortages.

Today's declaration, from Iran Power Generation, Distribution and Transmission Company (Tavanir) spokesperson Mostafa Rajabi Mashhadi, indicates the Ministry of Industries, Mining and Trade plans to stick to its original resumption date of September 22, rather than extend the moratorium. The Financial Tribune reports that Mashhadi said Tavanir hopes electricity use will ease in the coming month so that legal cryptocurrency miners can continue operations.

So what?

Ah, how time flies! Just like your shitcoin flies down when you just bought it. We were scolding the Iranian leadership a little while ago, wishing them a speedy recovery and something else. We don't remember anymore.

Anyway, go mine!

A recent resurgence in NFT market activity has seen projects like CryptoPunks, Bored Ape Yacht Club, and crypto game Axie Infinity dominate much of the conversation. But amid all that hype, the Ethereum-based generative art collection Art Blocks has quietly stacked up hundreds of millions of dollars of trading volume—and just marked its largest single NFT sale to date.

Today, Fidenza #313 by artist Tyler Hobbs sold for 1,000 ETH, or just over $3.3 million at the time of purchase. Incredibly, the artwork was last sold for just 0.58 ETH (about $1,400) on June 11 shortly after being minted, marking an enormous return on investment for the last owner.

So what?

Yeah, can you feel the FOMO gently hugging you from behind? But not your back...

Ugh, news like this makes us feel like a sucker. But don't forget the "survivorship bias." It's okay, even if you're not a millionaire yet. A brighter future is out there!

Exclusive: Multiple sources told that Binance is considering obtaining investment and protection from government funds at a valuation of $200 billion. Singapore is one of the most likely options. (c) Wu Blockchain

So what?

There is no need for a meme. Happy CZ in ok.

"Over the last 60 years, Visa has built a collection of historic commerce artifacts - from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection. " (c)

Yes, VISA bought CryptoPunk #7510

So what?

YO.

Yesterday we released the NFT Digest! It's already the fifth in a row, which is amazing!

What is it about?

Is SuperRare a new NFT hero? CyberKongz VX, 0N1 Force and 19 ETH for gas. Digest collects!

Here is the link!

Here we'll show some from the CT article:

"There is no shortage of bullish BTC price indicators this month, with everything from exchange balances to network fundamentals infirmly optimistic mode.

MACD, which produced a rare crossover earlier in August, nonetheless adds the potential for upcoming gains to be an order of magnitude larger than what the market has seen so far.

As Cointelegraph reported, the metric is a reliable indicator used to determine the overall trajectory of an asset, and Bitcoin has so far been no exception.

The last time that a bullish crossover occurred, BTC/USD saw a 5.5X price increase — from $11,500 in October 2020 to all-time highs of $64,500 just six months later.

Should history repeat itself, Bitcoin could end up at over $220,000 by the end of the year or in early 2022."

Thoughts?!

Because tomorrow Argent promises something tasty!

And they boast that they have as much as 130K subscriptions, the next goal is 200K.

Watchlist is a list of coins you follow. For example Bitcoin, Uni and Ethereum. We have a guide on how to create a watchlist in Moni.

And more you can find in our Glossary!

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