Daily Crypto NewsEDITION #331, 20 October 2021

Zuckerberg outplayed like a sucker

👹 Hey Moni Maker

Today the whole world celebrates Chef's Day. Cooking... it's almost like cryptocurrencies. You can get scammed by substandard food, and your stomach can get rekt from stale milk. Thousands of amateurs teach others how to cook, but only a few know how to do it 100%.

To cook delicious food, you need to read cookbooks. And to know about crypto, you need to read Digests. Let's go!

U.S. Senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren and Tina Smith ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project.

The lawmakers said Facebook cannot be trusted to protect user data or manage a payments network, in an open letter Tuesday just hours after Facebook announced it was launching a pilot program for its Novi wallet subsidiary in the U.S. and Guatemala.

Under the pilot project, Facebook will let users purchase Paxos dollars (USDP) and custody the funds with Coinbase.

”We urge you to immediately discontinue your Novi pilot and to commit that you will not bring Diem to market,” the lawmakers wrote on Tuesday.

So what?

War...war never changes. Libra, Novi, leaked data. Pretty quickly, Zuckerberg went from "Internet reformer" to just another one of those same ones who's pissed off.

Well, life is a Facebook feed. You flip through it, you flip through it, and it's nothing but crap.

Every Tuesday we publish the NFT World Digest. And you read it, huh?

Press: Decentraland is having a party! 141 cryptopunks are on the wallet?! What NFT drops this week brought? Digest is dancing!

Thanks to the Biden administration, we don't even have to make up a cool headline

A report released by the Biden administration earlier this week warned that digital assets pose a risk to the United States’ sanctions program.

“Technological innovations such as digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American sanctions,” the report from the U.S. Treasury Department said.

So what?

The administration has concluded: they need to learn more about the crypto environment. We don't know what they mean…

"This month's shout out goes to China, for selflessly helping #bitcoin remove the last area of major centralisation in its network at her own loss, and the loss of her children and her children's children." - tweeted Bitcoin analytic Willy Woo.

Only 150 days passed since the Chinese ban. The network has recovered. We forgot about the FUD voices.

"Today the network is more decentralised than ever and price has risen +50% . Antifragile."

So what?

Kick us harder, bro. We're only getting stronger.

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market. Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals.

As part of the trial, the participants traded government bonds and security tokens, settling them using a CBDC supplied by the central bank. The project tested use cases of a CBDC in a range of everyday activities, such as issuing new bonds, using them in repurchase agreements, as well as paying coupons and redeeming deals. “We have together successfully been able to measure the inherent benefits of this technology, concluding that the central bank digital currencies can settle central bank money safely and securely,” Euroclear executive Isabelle Delorme said.

BTC will touch its ATH soon! Maybe BTC will break it?!

Anyway, you will be able to watch it via our Moni crypto tracker. Yup, you can also track your BSC wallets there, yoo!

And join our Discord, ok?

REKT (Рект). It means you're screwed. Refers to those who have suffered severe financial losses due to improper trading or investment. It can also refer to the asset itself, which is rapidly losing value.

And more you can find in our Glossary!

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