Daily Crypto NewsEDITION #585, 07 September 2022

BNB also wants to be like ENS

Hey Moni Maker 🎢

Today, in 2021, bitcoin became legal tender in El Salvador. At the time, this venture seemed insane to some and genius to others. Well, the bull run was going on, and bitcoin was growing - genius! But many people understood that the bull run wasn't eternal, so they called President Salvador Nayib Bukele a madman. Now in times of global blocking, freezing funds, and account disconnections, such steps seem to be not a gamble but the only right thing to do.  

Not financial advice for presidents! Maybe... :) Let's go!

Yesterday we wrote that ENS domains are flipping top NFT collections by volume. One citizen with a BNB sign on his T-shirt liked this idea and decided...why not do the same, only on the BNB Chain?

It was about CZ, the Binance head. And we all know BNB Chain (ex. BSC Chain) is trying to take the most successful projects from Ethereum by adapting

SPACE ID project is on the radar. It's like ENS - you can register your BNB domain through it. But there is a catch: 

- The very first users were let on Sept. 7-11. At...5:00 AM UTC

- The first 300 lucky dogs received 300 domains. Then the platform closed registration until the next day

- Public registration they wanted to conduct on September 13th at 5 UTC AM. 

But! Something went wrong because the phased creation of domains was postponed until next week. 

Project's Twitter? Click here. DYOR.

Arthur Hayes has rolled up the new essay. He is philosophizing about the wars: moderns and passed, private capitals during these wars, ofc, and the ways to save money from the government. 

Check the essay here! 

Btw, if you are a lazy ass, we prepared TL;DR for you: 

– Hayes is covering modern and past wars. Especially about the ways to save money. Fiat and gold do not work, but bitcoin does. 

– Governments will not physically take away money for people; they will do it via obligations and other stuff like the 

– Financial literacy is ignored at school. It's all to make plebs stupid about economics and money 

– Then, more governments try to lock the capital inside the country -  more this capital becomes weaker 

- Worth reading for the sake of a punchline about the "black market" and the "free market"

- Under conditions of scarcity, the authorities can begin to force citizens to limit the goods and food they need. Then a free market will appear

- Bitcoin may become the currency of free market

- Governments may forbid the conversion of fiat into bitcoin to retain capital

- Miners may move to conflict-neutral countries like Switzerland during WWII.

Testnets do not give any profits? NFTs bring only rekts? Your shitcoins do not pump? So…maybe you could try yourself as a crypto ambassador? 

Check this post to find out the top 10 ambassador programs

NFT PoS by ConsenSys! OpenSea vs. NFT on PoW. Interesting collections! Digest is an aesthete! 

Check out the Digest right on the website

Burned tokens – Projects can burn tokens to take them out of circulation. By reducing their circulation, the price goes up. Deflation, the whole thing.

And more you can find in our Glossary!

– FTX crypto exchange halting ETH deposits and withdrawals due to PoS transition

– Netflix plans to ban cryptocurrency advertising

– A fake crypto pyramid scheme raised $100,000 in a few hours

– Binance will move some stablecoins to BUSD

– META Opens 10 Virtual Campuses to Bring Online Learning to UniversitiesShare

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