Daily Crypto NewsEDITION #364, 06 December 2021

TIME to enter the crypto world

Hey Moni Maker 🎢

Today, in 1921, a bust of Nefertiti was discovered during excavations in Egypt's Amarna. Centuries and years from now, our descendants will dig through the blockchain and wonder at the NFT collections we once treasured. The most significant 'digs' will be placed in a particular metaverse museum available to anyone. 

The future is so far away, but it's so close. Paradox! OK, let's get back to the here and now. Digest here. Let's go!

Mr Keith Grossman, aka the president of TIME, spoke to Decrypt journalists the other day. He said that the magazine, with nearly 100 years of history, had not planned to leap Web3 but that the mainstream had taken its toll. 

“There's the great philosopher, Mike Tyson, who has that quote—that everyone has a plan until you get punched in the mouth,” Grossman said. In this case, the surging NFT market and evolving use cases for blockchain tech were a staggering blow that shifted the course of TIME’s path. “I looked at that moment, and it all just clicked on me,” he added.

Keith also praised the NFT-community, which helped the magazine make its Discord server for nothing and helped with all sorts of TIME crypto-adoption issues. 

Snoop Dogg is recreating his California mansion in The Sandbox, a decentralized metaverse game on Ethereum that minted its first wave of virtual lots in the “Snoopverse” yesterday. A plot next to Snoop’s virtual property sold today for close to 71,000 SAND, the native token of The Sandbox, which is about $450,000. 

Virtual land in The Sandbox is being sold as NFTs, which are unique tokens that grant ownership rights over digital items—in this case, plots of digital real estate. The Sandbox LAND NFTs can be bought and sold just like any other NFT on platforms like OpenSea.

BitMart got busted for $150 million. *sad trombone* 

Exchange CEO Sheldon, but not Cooper, said some of the funds were saved. 

On December 1, Maxine Waters, who chairs the House Financial Services Committee, announced the witness list to a hearing on cryptocurrencies, which will be heavy on executives from leading U.S. crypto firms.

Scheduled for December 8, the hearing is entitled "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States."

The witnesses are CEOs from leading crypto firms: Circle's Jeremy Allaire, FTX's Sam Bankman-Fried, Bitfury's Brian Brooks, Paxos' Chad Cascarilla, Stellar's Denelle Dixon and Coinbase's Alesia Haas.

Music stars Diplo, DJ Khaled, Martin Garrix and Future have bought NFTs from the Bored Ape Yacht Club collection via MoonPay’s ‘concierge service’. 

In the last week, all four musicians have changed their profile pictures on either Twitter or Instagram to flaunt their purchases. 

We told you about MoonPay here, in the NFT Digest. 

El Salvador has bought another 150 BTC, as Mr President has already managed to report on Twitter. In the meantime, save the links, they will come in handy: 

McDonald's Employee Reviews

Hey guys, while the market is crumbling and crushing our hopes, it's worth thinking about the future. And in the end, we have a bull run and a $100k bitcoin. Maybe. 

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Continuing to build a dream portfolio! 

ETH, SUSHI, 1inch, DYDX, AVAX, ILV, BTC, NEAR, ENS and SAND. Taking it straight to the long term, guys, so give us an idea. 

If someone comes up with a cool one, we'll mention it in a post in a week ;) Lets go! 

Hard Cap is a maximum fundraising goal that crypto startups can receive from investors on ICO/IDO/IEO and etc. Fun fact – there was no hard cap on Ethereum ICO.

And more you can find in our Glossary!

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