Daily Crypto NewsEDITION #235, 11 June 2021

Your store stinks of a dog

Hey #Moni Maker 🛴

Today, in 1826, the first Moscow eye hospital was opened. It is a pity that many financial regulators still do not use the services of such institutions. Someone calmly manipulates the market and makes $$$ on this, while someone earns hemorrhoids in an attempt to protect the honest business.

No names. Why do we need them? Digest is here! Let’s go!

Enter Ragga Muffin on Flatbush Avenue in Brooklyn, New York, which recently started accepting dogecoin. The clothing and footwear store that has been open since 1992 has decided to accept the trendy crypto “because young people are all about dogecoin,” says the store owner, who asked to be identified only by his first name, Dan.

"Many of our young customers are excited about cryptocurrencies in general and specifically about dogecoin so I wanted to be the first store in Flatbush to accept Doge, to attract more customers."

Dan himself owns dogecoin, and ethereum. His investment philosophy isn’t compatible with the prevailing hodl gospel. He is a hands-on trader, chasing the dips and tips to turn quick profits. As a testament to that, his aspirations for dogecoin weren’t for $1, but rather for $0.35.

Dan was reluctant to disclose sales figures generated from his recent business endeavor, but seemed very pleased with his decision to accept crypto in his store.

Hours after becoming the first nation to authorise bitcoin as a legal tender, El Salvador’s President Nayib Bukele instructed a state-owned geothermal electric company to plan to use geothermal energy from the country’s volcanoes for mining for the cryptocurrency.

“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos,” Bukele posted on Twitter.

The Bitcoin law was approved by a “supermajority” gaining 62 out of 84 possible votes within the Central American country’s congress.

In another tweet, Bukele said the country’s engineers have dug a new well to provide around 95 MW of 100 per cent clean – zero emissions – geothermal energy from the volcano.

So what?

Do you see the symbolism here too? Once people thought that volcanoes would destroy civilization. Now it has become possible.

But no one thought that they would also build a new one. What time to be alive!

Victory Capital plans to launch a private fund for accredited investors that will track the NCI. Additionally, Victory Capital will be offering private funds that track the Nasdaq Bitcoin Reference Price Index as well as the Nasdaq Ethereum Price Index. Hashdex will provide its trading and asset management expertise to each of these products.

“We continually strive to provide our clients with the forward-thinking choices they want and believe cryptocurrency is a viable asset class that can be part of a well-diversified portfolio,” said Mannik Dhillon, CFA, CAIA, President, VictoryShares and Solutions. “By investing in a portfolio designed to track the NCI, investors can seek returns that align with the cryptocurrency market in a diversified manner, gaining exposure to multiple digital assets as this market continues to evolve and mature. We are actively considering other vehicles and wrappers to bring these capabilities to a broader set of investors.”

So what?

We are tired of commenting on such news and saying that the mass adoption is coming soon. So everything is clear. Come on.

Ledger, the leading secure gateway for digital assets, today announced a $380 million Series C round, led by 10T Holdings, with strong support from existing investors including Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, and Wicklow Capital and other newcomers including Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies. The Series C fundraising means that Ledger has an implied valuation of more than $1.5 billion, marking its rapid and accelerating growth.

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