Daily Crypto NewsEDITION #277, 05 August 2021

OK, Google! Allow crypto, but not allow crypto

Hey Moni Maker

Today in 1963, in Moscow, representatives of the USSR, the USA, and Great Britain signed a treaty banning nuclear weapon tests in the atmosphere, space, and underwater. Humankind is an interesting sub-species of animals. First, it tries to kill itself; then it tries to save itself. One feels that humankind is just bored of living this life without problems and threats of mass destruction.

It is good that our battles take place only on charts and chats. Although there is a lot of blood there too... Let's go!

Cryptocurrency advertising on Google is once again allowed after an updated financial products and services policy went into effect yesterday.

The document stipulates that "advertisers offering exchanges and wallets" targeting US consumers can advertise their services and products as long as they meet certain requirements.

So what?

Except that Google puts out the hard requirements...well...it's such a thaw, where it's still freezing at night. But! Anyway! It's a good step.

German sports car manufacturer Porsche is launching a pilot project for non-fungible tokens (NFTs). Between Aug. 2 and 6, collectors and fans will be able to participate in an auction to buy an exclusive design sketch by Porsche Director of Exterior Design Peter Varga as an NFT, the auto company said. Quoted in a press release, Varga commented:

“Drawing a design sketch which is then traded online as a digital object was a completely new experience for me.”

The designer revealed that the sketch combines the Taycan Cross Turismo with the 911. “It links the design language of our iconic sports car with that of the youngest member of the model range. I look forward to seeing the response generated by this unique item among the auction participants,” Peter Varga added.

So what?

Ha! Waiting for the Tesla guys to launch their NFTs. Hm… but do they know anything except Dogs faces?...

Cryptocurrency exchange FTX continues to make a wave in the Esports industry. The exchange reveals a seven-year sponsorship deal with the “League of Legends” Championship Series (LCS).

The seven-year sponsorship deal between Riot Games and FTX was announced in a tweet by LCS and a post on the “League of Legends” website.

Clearly, LCS was proud to announce that FTX is now their official crypto exchange as the statement is posted on the League of Legends website. On the other hand, FTX previously entered a ten-year $210 million deal with Team SoloMid (TSM), which was announced in June.

According to Dot Esports, the FTX sponsorship will see many LCS broadcasts beginning this weekend. To clarify, FTX plans to sponsor broadcast segments related to the in-game gold currency, like the current amount of gold that each player and team has accumulated by far in each match. More so, the exchange will sponsor the league’s Most Improved Player Award.

So what?

FTX of FTX Series. What will Sam buy next? The stadium is bought; the gaming is bought, the tracking app is bought... FTXhub?

Binance, the world’s largest crypto exchange, has partnered with crypto-fiat hybrid payment solutions provider Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet.

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Launched as beta in February, Binance Pay’s functions allow users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.

Supported by Alchemy Pay’s fiat-crypto integration, Binance Pay is available for both peer-to-peer payments and merchant-based transactions. Users and merchants can choose their preferred options for paying and getting paid with 40+ supported cryptocurrencies.

“Alchemy Pay was founded in 2018 by a team of fiat payment gateway veterans with a shared vision to build a practical bridge between fiat and crypto,” said Alchemy Pay CEO, John Tan. “When we started, the total value of the cryptocurrency market was less than a tenth of a percent of what it is today. Electronic payments outside of the $80 trillion fiat economy were virtually unknown to the world.”

Resistance is the price level, when approaching which the price should turn around and go down

And more you can find in our Glossary!

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