Daily Crypto NewsEDITION #329, 18 October 2021

"They're dinosaurs!" - that's what Katie Wood said

🦖 Hey Moni Maker

Today, in 1896, the first comic books appeared in the New York Journal. Yes, comics gave us many fabulous characters: Batman, Spider-Man, the Joker, the Avengers, etc. Ha! Cryptocurrency gave us much more interesting characters: Bogdanoff, Satoshi Nakamoto, the man who always buys low and sell high.

Long story short, we have more exciting stuff than Marvel and DC. And now Digest will prove it. Let's go!

Ark Invest's Cathie Wood compared meme stocks to an extinct species Thursday during a conference.

The superstar investor called the stocks - which include companies such as GameStop and AMC - "dinosaurs" during her talk at the CFA Societies Australia 2021 Australian Investment Conference, Bloomberg first reported.

"I guess the only one people might consider a meme stock that we own, or have ever owned, is Robinhood," she said. Wood did not immediately respond to Insider's request for further comment on the matter.

Meme stocks received their name in January after an army of retail traders mobilized on Reddit investing threads drove massive rallies in shares of highly shorted companies like GameStop and AMC. The stocks have been criticized by those on Wall Street who say their prices are detached from the companies' actual values.

So what?

Odd that Wood hasn't shilled a meme as Elon shilled DOGE. Or we probably will see something?

Well, the gentlemen have reported on the profits they made on bitcoin.

Square - 2x. Proof. $220 million investment is now worth over $470 million.

MicroStrategy - 2x. Proof. $3.16 billion is now worth $6.7 billion.

How do you like such profits?

Video game developer and publisher Epic has said it will accept games built with blockchain technology.

The news comes after online gaming store Steam yesterday announced it would ban applications “built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs."

Epic, which competes with Valve, Steam’s developer, then told The Verge that it would be “open to games that support cryptocurrency or blockchain-based assets."

Bridges can be different, and you know how they sometimes help. And what if in the future you won’t even realize that you’re using a bridge?

Li.finance has taken a step into the future and it is blazing a new trail among crosschain aggregators. Let’s get to know each other better, okay?

After denying, delaying or ignoring dozens of applications over the last four years, the U.S. Securities and Exchange Commission has given its approval for the first Bitcoin ETF.

ProShares filed an amended prospectus on Friday, indicating that it has received the go ahead for its Bitcoin Strategy ETF to move forward on Monday. The company's ETF is tied to Bitcoin futures contracts, rather than directly to the current price of Bitcoin, but its approval still represents a landmark moment for the crypto industry.

p.s. Yup, the title is shit. But this topic is so annoying, we couldn't write something better.

The Commodity Futures Trading Commission hit Tether with a $41 million fine. It claims Tether made “untrue” statements about its fiat-backed reserves.

Tether’s sister company, crypto exchange Bitfinex, was also fined.

Roadmap is a simple graphical overview of the project goals, which are placed on the timeline.

And more you can find in our Glossary!

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