Daily Crypto NewsEDITION #252, 01 July 2021

Eye for crypto, crypto for an eye

Hey #Moni Maker 🧘

Today, in 2009, Russia banned gambling at the federal level. Crypto is a perfect substitute for casinos, poker and so on.

Why? Crypto has big profits, big losses, adventurous spirit, and it is also addictive. But at the same time, the house always wins, when the one who knows more than others wins in crypto.

And, for example, read Digests from MoniTalks :) Let's go!

Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth. But first, it wants to scan everybody’s eyeballs.

Altman, the former head of the Silicon Valley business incubator Y Combinator, is one of three founders of the company Worldcoin. Among the many parts of its plan, Worldcoin has designed an orb-shaped device that would scan a person’s iris to construct a unique personal identifier.

The company is backed by Andreessen Horowitz, the venture capital arm of Coinbase Global Inc., LinkedIn founder Reid Hoffman and Day One Ventures. It recently raised about $25 million from investors.

Altman, 36, said in an interview that he conceived the idea in late 2019. The intention was to use cryptocurrency to spread money around equitably, inspired by the trendy economic theory known as universal basic income. Altman was the first investor in Worldcoin but said he has no role in day-to-day operations and mainly serves as an adviser to the company when needed.

“I’ve been very interested in things like universal basic income and what’s going to happen to global wealth redistribution and how we can do that better,” Altman said. “Is there a way we can use technology to do that at global scale?”

So what?

News like this is like a drunken friend doing somersaults. They are frightening and delightful at the same time.

It's funny that the guy's name is Altman. Kind of like altcoin.... All right, never mind, let's move on.

650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers. As part of the deal between enterprise payments giant NCR and digital-asset management firm NYDIG, community banks, including North Carolina-based First Citizens Bank, and credit unions, including Bay Federal Credit Union in California, will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider.

Instead of having to deal with the burdensome regulatory requirements related to actually holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on Nydig’s custody services.

The effort is the latest by Atlanta-based NCR to capitalize on demand it’s seeing from banks and credit unions tired of seeing cryptopurchases made from their accounts to outside exchanges. By providing these clients a way to buy bitcoin—and eventually spend it—within their existing accounts, the traditional financial institutions are part of a rising tide of those companies in direct competition with cryptocurrency exchanges.

“We're firm believers in the benefits of crypto and the strategic application,” says NCR president of digital banking Douglas Brown. “And that's true for our banking relationships, as evidenced by Nydig, and across retailers as well as restaurants and the like.”

So what?

Ugh. A big market war is coming. Some will go to jail, some will be killed, some will commit suicide in prison.

Oh, wait a minute...

Wyoming Senator Cynthia Lummis urged pension funds to use bitcoin and other digital assets to protect savings from inflation.

“So, I worry about having all of our retirement monies denominated in U.S. dollars. So as part of diversification, having a very diverse asset allocation, so you don’t have all your eggs in one basket, I think one of the strongest stores of value for the long run is bitcoin.” - said Cynthia Lummis.

So what?

How right you are, Mrs. Lammis! It's better not to keep all the eggs in one basket. Because the basket is centralized... :)

So what?

It would be much more fun if these NFTs gave some power to the user. For example, it would be possible to ban a user from the opposition party, or vice versa, to get out of a shadow ban.

Dorsey, think about it!

According to CryptoRank, trading volumes on decentralized exchanges (DEX) are up 11,567% in just one year.

For Q2 2021, volumes were $360 billion, a 60% increase over Q1.

The leaders in trading to this day are Uniswap, PancakeSwap and SushiSwap.

Roadmap — is a simple graphical overview of the project goals, which are placed on the timeline.

And more you can find in our Glossary!

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