Daily Crypto NewsEDITION #68, 04 November 2020

Elections and Tokens

Hey #Moni Maker 🥳

Today, in 1970, during a test flight, the supersonic passenger aircraft "Concord" reached twice the speed of sound. At that time, it was an astounding record, and 50 years later, we are already waiting for commercial space travel and guessing what kind of crypto will be profitable to mine on Mars. Progress does not stand still; don't say we didn't warn you.

In the next 24 hours, we'll know who will be the next President of the United States - will Joe Biden take over the White House or will Trump stay for the second term. .

The "presidential" tokens TRUMPWIN/USD and TRUMPLOSE/USD traded on FTX will cost $1 if the forecast is correct and $0 if not. Register here.

So what?

As usual, we give this field to CNN and CNBC; it's their job.

We hope that the 2020 U.S. elections will become a catalyst, after which the universe of evil that came to planet Earth will collapse and everything will be normal again.

PayPal CEO Daniel Shulman said that in the first half of 2021, PayPal would allow customers to use cryptocurrencies to pay for goods at 28 million points of sale using the company's platform, and this will not increase commissions for buyers or sellers. In addition, it is planned to add Central Bank Digital Currencies (CBDC).

He said the size of the waiting list for access to crypto, which is now available to 10% of PayPal customers, was two or three times as great as what the company anticipated.

American users will be connected to the service in the next few weeks. Against the background of increased interest, PayPal decided to raise the weekly crypto purchasing limit through the app from $10,000 to $15,000.

So what?

Well, herd instinct, where are you?

Now companies will see PayPal swimming in (digital) money and rush to add crypto to their platforms as well.

Technology, of course, is a great thing, but everything depends on profit, especially in the era of capitalism.

Traders leave Huobi Global and close their positions. This is evidenced by the drop in Open Interest (O.I.) at Bitcoin, exceeding -17% over the past 24 hours.

There were rumors about the arrest of one of the platform managers by local authorities, but the exchange denied these claims.

Users nevertheless preferred to be reassured and wait for the situation to finally resolve.

So what?

A big crypto game... Arrests, money, and two smoking Bitcoins.

Is that how someone eliminates competitors? Come out, you sneaky coward! We launch our investigations soon!