Daily Crypto NewsEDITION #234, 10 June 2021

Well, brokers go there too...

Hey #Moni Maker 🎸

Today, Art Nouveau Day is celebrated all over the world. The followers of this trend abandoned right angles in favor of smoother ones. Thus, they imitated the natural forms of plants. How the f*ck is this related to the crypto market?

We also want to be modern. See beautiful charts, with smooth transitions from one ATH to another. But, modern is not our path. Surrealism is.

Anyway, there the Digest awaits! Let's read!

The chairman and CEO of Interactive Brokers (Nasdaq: IBKR), Thomas Peterffy, said at the Piper Sandler Global Exchange & Fintech Conference Wednesday that his company will start offering direct cryptocurrency trading. Peterffy was quoted by the media as saying:

Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer.

The platform has about 1.33 million customer accounts and $330.6 billion in customer equity as of the first quarter. Clients from over 200 countries and territories invest globally in stocks, options, futures, currencies, bonds and funds from a single integrated Interactive Brokers account.

The CEO further commented on the launch of cryptocurrency trading: “As for hurdles, the greatest hurdle is how do you keep your customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find out more about this when we open for business at the end of the summer.”

So what?

Soon, society will consider brokerage houses and other similar platforms not useful if there is no cryptocurrency trading on them.

And how can you trade candy wrappers for 0.3% - 1% per a day, when there are such profits in crypto? ... Financial cuckoldism. Sorry, but it’s true.

Ethereum co-founder Vitalik Buterin talked about a potential collaboration between Ethereum and Dogecoin in an interview with AI researcher Lex Fridman last week.

Referring to the Tesla and Spacex CEO repeatedly tweeting about dogecoin, Fridman said, “There’s a power behind someone like Elon Musk pushing the development of a cryptocurrency.” He then asked Buterin, “is there a way to leverage that power and momentum to improve Ethereum?” Buterin said:

If DOGE wants to somehow bridge to Ethereum, and then people can trade DOGE thousands of times a second inside of loopring, then that would be amazing.

“I definitely don’t think Ethereum is opposed to dog coins,” the co-founder emphasized. “I kind of want the fans to feel like Ethereum is, at least a little bit, in spirit itself a dog coin.”

Musk then commented on the interview, tweeting:

So what?

Conspiracy theorists in the building? Gentlemen and Ladies, don't you think that these flirtations of Elon and Vitalik ... say a lot about what? No, no, we're not talking about shippering. And about flipenning.

So what?

Hmm. And the Chinese authorities have not tried to cut out the faces of the CEO of cryptocurrency exchanges from the photos? A hundred years ago, this approach even worked. Why not give it a try?

According to information from Reuters, Kraken, Bitfinex and KuCoin may be the next major cryptocurrency exchanges to try to reach Indian crypto investors.

All three exchanges are ranked in the top ten crypto exchanges in the world based on their traffic, liquidity, and credibility of reported trading volumes.

According to the source, the two exchanges are in the early stages of deciding whether to enter India and weighing their options, which actually boil down to a choice between setting up a subsidiary or buying Indian companies.

This decision was made despite the country's vague regulatory policy on cryptocurrencies.

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