Daily Crypto NewsEDITION #464, 17 May 2022

Ethereum = 420; why not 69?

Hey Moni Maker 🚬

Today, in 2009, the first test version of the computer game Minecraft was born. At first, some part of the public accepted this game as children's entertainment, but then...memes from Minecraft swept even those who never played it. Interesting as hell! Build, tear down, build again - and the same kind of builder dudes surrounds you...ha-ha! Wait...doesn't this remind you of anything?

Let's go!

Analyst upon analyst chases analyst. Bloomberg has released an analyst note in which analyst John Roque of analyst firm 22V Research has done analyst analysis on Ethereum. 

According to the technical analysis, John sees the price of Ethereum at $420. Like, since last November, Ethereum has fallen 60% and will fall another 80%, that's what our analysts say. And also, ETH daily and weekly shows overselling will have no rally. 

Is the new unpeg trend for stablecoins officially open? So.

DEI is an algostable on the Fantom network, currently trading at $0.666. Warned means you know what.

El Salvador's President Naib Bukele wants to be the Batman of this crypto Gotham. That's why representatives from as many as 44 countries are coming to meet him to discuss bitcoin and its apparent acceptance.

"Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country." - tweeted Bukele.

Who will be: Nigeria, Egypt, Nepal, Pakistan, Bangladesh, Kenya, Uganda, Rwanda, Paraguay, Angola, Guinea and Madagascar. It's not clear whether the party is set up purely to discuss the bitcoin or whether it's just a supplement to coughing up other, more pressing issues.

Curly, Sam has bullied the grandfather, aka bitcoin. He stated that BTC has no future as a payment system because of its inefficiency and high environmental costs, the Financial Times reports.

Proof-of-Work is already shakedown, is not environmentally friendly and generally consumes electricity on an industrial scale. What about Proof-of-Stake, which is both cheaper and not so energy-consuming.

Bankman-Fried also added, just in case, that he doesn't believe bitcoin can have a future as "an asset, a commodity and a means of savings".  

Fear of Missing Out (FOMO) — is a feeling when you see a gigantic green candle in the chart of the coin you don’t hold and want to get into this rocket or when you don’t buy next 100x gem after TGE. Overall, it’s the feeling that you missed some great opportunities, events or trades. If you don’t want to feel that and FUCK FOMO — Moni Talks is a remedy for you.

And more you can find in our Glossary!  

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