Daily Crypto NewsEDITION #93, 03 December 2020

Partners in Transactions

Hey #Moni Maker ✋

Today, in 1992, the first SMS was sent. Since then, progress has moved so much forward that this innovation is already surprising to the young ones, and short messages in the form in which we knew them are used only by old people. It's scary (but also intriguing) to imagine what will happen in a couple of decades. But although we are not tired of reminding that long-term views are very important, to be aware of what is happening right here, right now is no less important, so...

Let’s go!

Payment giant Visa has announced connecting 60 million merchants to USDC created by Circle on Ethereum.

"This will be the first corporate card that will allow businesses to be able to spend USDC," says Visa's head of crypto Cuy Sheffield.

So what?

Wow, look at that! Who is here ... Visa enters the crypto ocean at full speed, true immersion!

Dive with your head first, fiat king, only fools sink in the crypto waters, clever ones find peace of mind here 😉

BlockFi plans to launch the Visa credit card early next year. The card will allow you to spend dollars and receive 1.5% bitcoin cashback from each transaction.

It will cost $200 per year to service the card. If you spend more than $3,000 in the first three months, you will get a welcome bonus of $250 from BlockFi. The project offers a card with a credit limit, which will be replenished monthly. No interest will be charged if the funds are repaid on time.

BlockFi plans to earn on the cost of servicing the card, as well as on commissions from BTC-USD transfers. Apart from Visa, BlockFi's partners are Evolve bank and Deserve credit cards startup.

The head of the world's largest financial asset management company ($7.4 trillion under management) has had a change of heart towards bitcoin.

During a conversation with the former manager of the Bank of England Mark Carney, Laurence D. Fink said that although the crypto market is still quite small in volume, Bitcoin has attracted the attention of many. In his opinion, the existence of cryptocurrencies affects the U.S. dollar as a global reserve currency, making it less appealing for international holders.

In the past, BlackRock CEO was skeptical of crypto. He said that bitcoin is an exclusively speculative instrument, and the only reason it is popular is its anonymity, which is actively used for money laundering. Also, in 2018, he said that BlackRock customers are not interested in investing in cryptocurrencies.

So what?

Skepticism, Mr. BlackRock, is really cool, especially as the days are full of fake news. But! Skepticism must be healthy.

We praise Satoshi that you have come to your senses and stopped talking frank nonsense. A hug?;)

Willy Woo, a popular analyst, and investor, tweeted that after the recent BTC rise to historical highs, the possibility of a $200,000 price is conservative, and the possibility of reaching the $300,000 mark is not excluded.

Woo also states that he has "never been in such a bullish mood" about the prospects for Bitcoin in 2021.

"This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.", he added.

So what?

Willy is a great character, of course, but you don't have to buy BTC, mortgaging your house.

But!

Look at the news above, and then look through all our previous digests for the last...three weeks. How many giants are investing in BTC!

Naturally, it will pump Bitcoin, and if we take into attention an upcoming crisis and inflation, and that people will start to panic-buy BTC - Willy Woo's forecasts are not so unbelievable. Good job!

DEX liquidity aggregator 1inch has announced the successful closing of the $12 million funding round.

The round was also headed by the investment fund Pantera Capital; ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, gumi Cryptos, Fabriс Ventures, Struck Capital, Rockaway Blockchain Fund, Spartan Capital Securities, and Blockchain Capital also invested.

So what?

You see. While crypto scammers are prosecuted for fraud, real guys attract money.

1inch is such an ambitious project that if it were a person, it would definitely be the son of your mother's best friend.

— The amount of funds blocked in Decentralized Finance (DeFi) projects increased by 32% in November and currently is $14.74 billion.

And one more thing...Buy Bitcoin! 😉