Daily Crypto NewsEDITION #170, 11 March 2021

Buterin wants scale! (Who doesn't?)

Hey #Moni Maker 👍

Today, in 1988, the Bank of England replaced paper pounds with metal ones. As you can see, this did not save the pound in the long run - its purchasing power has shrunk considerably since then. Fortunately we have hard money, which will not depreciate over time. How, by the way, are things going in the crypto space?

Let’s go!

Vitalik Buterin said that Ethereum's bandwidth will soon get scaled 100x as Optimism developers launch their Layer 2 solution in the coming weeks.

So what?

Ethereum wants to jump from motorcycle to train, like in that mission from GTA: San Andreas.

Reduce commissions, increase processing speeds and all that. Will BSC stand up to this battle with ETH for hype?

Grayscale has published ETF-related jobs. This may indicate that the company may soon introduce an ETF based on bitcoin and other cryptocurrencies.

So what?

The ETF will bring a bunch of traders into crypto. Will it affect the price of bitcoin and other coins? Are you sure you should answer?

Investment bank JPMorgan has filed documents with the U.S. Securities and Exchange Commission (SEC) indicating plans to launch a new product, a basket of cryptocurrency-related company stocks.

The basket will select companies that buy cryptocurrencies or operate in the digital asset industry. For example, it includes MicroStrategy, which owns more than 90,000 BTC, payment firms Square and PayPal, mining company Riot Blockchain, Nvidia, AMD, TSMC, and the CME exchange.

JPMorgan notes that the tool is not linked to any particular cryptocurrency, including BTC, and the companies' performance may not correlate with the cryptocurrency market, but the mere existence of such a product shows institutional interest in the cryptocurrency market.

So what?

And you can also use this product to buy stonks of these companies (not financial advice!)

Kind of exchange: they come in crypto, and we come in fiat (disgusting, of course, but one time is not the shame)

At the moment in first place is a portfolio called "Taste of Victory" (“Вкус Победы”) (+284%), which has BNB, CAKE, MATIC and BNT. "Index" Secular Beat RUNE is so far outside the top 700 with +42%.

The guys at Community Thorchain keep a very entertaining medium where they post product updates, project news, and so on every week. In the last post, for example, they write that by the end of March an open beta test of the multichain on test blockchains may be launched.

And you...buy Bitcoin! 😉