Daily Crypto NewsEDITION #257, 07 July 2021

But our king is a scammer!

Hey #Moni Maker 🥍

Today, in 1987, the trial of the three heads of the Chernobyl nuclear power plant began. They were accused of blowing up the reactor. Probably everyone has already watched the TV series "Chernobyl", which tells in detail about the Chernobyl tragedy. But, according to some critics, it is not always accurate.

Blockchain is transparent. People will be able to record history as it really is with it. Well, or at least approximately.

Hopefully, descendants will record the first issues of Moni Talks and show them to children in NFT museums. Okay, enough dreaming, let's go!

Brazilian Federal Police have dismantled a cryptocurrency scheme that allegedly skimmed at least 1.5 billion Brazilian reais (about $300 million) from over 7,000 victims.

After a nearly three-year investigation, authorities were able to gather enough evidence to arrest Cláudio Oliveira, better known as "The Bitcoin King." Oliveira served as president of the Bitcoin Banco Group, a popular finance firm that made its name during a cryptocurrency boom by promising extraordinary profits for those who trusted it with their funds.

At the end of 2019, Bitcoin Banco Group reported the disappearance of 7,000 Bitcoins and applied for a judicial recovery order—a special arrangement agreed to by Brazilian authorities in which the company reorganizes its finances and administration so that it can pay creditors and avoid bankruptcy.

Police have pressed money laundering, fraud, and other charges against the Group Bitcoin Banco and Oliveira.

Intelligence exchanges between the Federal Police and foreign agencies have confirmed that Oliveira has previously been under investigation in the United States and Europe for similar crimes.

So what?

Facts. If you ask Google about Claudio Oliveira, it gives up a motivational speaker with his head upside down.

Truly, Claudio's world is 180 degrees upside down....

London-based hedge fund Marshall Wace, which manages USD 55bn in assets, is planning to start investing in areas such as digital currencies, stablecoins, blockchain, and payments, while crypto trading might come next, the Financial Times reported, citing undisclosed people familiar with these plans.

The fund is launching a portfolio that will scoop up stakes in privately owned digital finance companies that are at a late stage in their development, the report said, adding that Marshall Wace is still talking to potential investors in the new portfolio and the size of the launch is still unclear. The fund declined to comment.

This year, Marshall Wace has already invested in Circle, the issuer of the second most popular stablecoin, USD Coin (USDC). In May, Circle said it raised USD 440m from investors, including Marshall Wace.

So what?

How can we comment on such news?! It's already become commonplace.

The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data showed.

An NFT is a crypto asset, representing an intangible digital item such as an image, video, or in-game item. Owners of NFTs are recorded on blockchain, allowing an NFT to be traded as a stand-in for the digital asset it represents.

Sales volumes have remained high after NFTs exploded in popularity early this year. Monthly sales volumes on OpenSea, a major NFT marketplace, reached a record high in June.

So what?

Well, the NFT market decided to shave off all the hamster stuff to open the counters to new blood?

By the way, we have a NEW NFT DIGEST coming out very soon, maybe even today. Yes, yes, it will be all about NFT. Ugh...

We'll conduct an AMA tomorrow at 17:00 UTC with guys from Gutter Cat Gang.

Right in this chat. And yes!

The best question will get $100. The two good ones will get $50. Let's go!

ASK A QUESTION.

Ethereum developer Tim Baco has initiated a proposal to activate the London hardfork on the cryptocurrency's main network on block 12965000, expected on August 4.

An earlier hardfork was scheduled for July 21.

So what?

If you want to discuss ETH and its update... well, or anything else, welcome to our chat. It's a new one :) We are waiting for you to chat about gems!

Block Confirmation — is adding a transaction to a block is a confirmation of its success. When there are more blocks after the block with your transaction — the transaction can be considered as fully confirmed and irrevocable

And more you can find in our Glossary!

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