Daily Crypto NewsEDITION #340, 02 November 2021

Let's turn Tether into a branch of BOA!

🏦 Hey Moni Maker

Today, in 1903, the first issue of the English newspaper, The Daily Mirror, came out. In those days, the word "Daily" meant that you would get the latest news, one of the first, yeah, because it's daily! But there's more and more information: fakes, innuendos, FUD, and other crap were quietly leaking onto the pages of newspapers because there was no internet for fact-checking back then.

Digest honours tradition and its ancestors. Newspapers, thank you for treading the path for our Digest to the hearts of our subscribers. Let's go!

The U.S. government published a long-awaited report on stablecoins on Monday, outlining proposed measures that could pose challenges to the business model, or even the very existence of some companies that issue the digital tokens, which are designed to hold the same value as fiat currencies like the dollar.

The report, published by a consortium of federal agencies including the Treasury Department, calls for Congress to pass laws that would require stablecoin issuers to become "insured depository institutions"—or, in other words, banks.

This designation would be a major shift for certain stablecoin issuers, especially Tether, which have long operated in the regulatory shadows. It would place restrictions on the types of collateral they could use to back their stablecoins and force them to pay for compliance, insurance, audits, and other measures that go with being a bank.

So what?

The new season of "Tether vs. Everyone" is declared...open! We don't want to comment on that. We'll wait and see, and then we'll tell you. In the meantime, it's a little tense, to be honest.

Well, the SQUID GAME token, which pumped to $2856 for a week, dropped to zero. The users couldn't get the dough out of Pancake, which is why the token went up.

Here you can watch the guy yell and look at the scam live.

Since the launch of the London update, we've burned $3 billion Ethereum!

You can watch the fire of the crypto inquisition right here.

AnubisDAO was marketed as a fork of OlympusDAO

It was supposed to be another canine-themed cryptocurrency, this time represented by the Egyptian deity Anubis.

When it launched, the AnubisDAO team launched a Discord server and a now-inactive Twitter account. Even though the project didn’t have a website, investors still poured $60 million into the initial token sale in return for ANKH tokens.

However, twenty hours into the sale, the liquidity in the pool was sent to a different address.

One Twitter user linked the address that received the stolen funds to a Twitter account named Beerus.

In what may be the biggest crypto sweepstakes of its kind, fast-food giant Burger King will give away one Dogecoin—or one Bitcoin or Ethereum for a lucky few—to those who spend $5 at its stores or in its app through November 21.

Burger King is giving away a total of 20 Bitcoin, and the sweepstakes rules peg the odds of winning one at 1 in 100,000. In the case of Ethereum, there are 200 tokens up for grabs with a 1 in 10,000 chance of nabbing one. (Those who don't win a Bitcoin or Ethereum are guaranteed a Dogecoin—2 million are available).

Smart Contract is a program that monitors and ensures the fulfillment of some obligations.

And more you can find in our Glossary!

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