Daily Crypto NewsEDITION #361, 01 December 2021

Inflation as a coronavirus - with us forever?

Hey Moni Maker 🦞

Today, in 1891, James Naismith invented basketball. It doesn't matter at all whether you came up with blockchain, a film or a game. If you are passionate about an idea, it will have followers. But the number of followers determines the time in which you live. And the idea either becomes a cult or fades into oblivion. 

Digest hopes that it will remain in eternity - in your browser history, in your head, and your heart. Let's go!

Bitcoin dropped to $56,245 during a hearing before the U.S. Senate panel—a nearly 5% dip from when it stood at $59,161 earlier today—after the Fed chairman said inflation should not be considered "transitory."

"We tend to use the word transitory to mean that it won't leave a permanent mark in the form of higher inflation," he said. "I think it's probably a good time to retire that word and try to explain more clearly what we mean," he commented before adding that the "risk of higher inflation has increased."

The Dow Jones dropped by 617.69, or 1.8%, at 34,518.25, following the comments, while the S&P 500 fell by 76.25 points—1.6%—to 4,579.02.

So what? 

So how do you save your dough from this inflation?! 

The theater chain and Sony Pictures are giving away 86,000 NFTs to Stubs Premiere, A-List and Investor Connect members who buy or reserve tickets for Spider-Man: No Way Home showings on December 16th. Redeem a code through a special website and you'll get one of 100 designs available through the more eco-friendly Wax blockchain.

Hey, spider! You wanted to be in the Avengers? You ended up in the FOMO Avenger Club! Ha!

Press: NFT is for the rich? Axie took a ride on the d!cks. Who's the hypest these days? Digest is an aesthete!  

Read the digest!

Binance has fixed all the problems with sending/receiving in DOGE networks. Now you can run to sell the house and invest all the dough into your favourite meme-coin! (WE'RE JOKING!) 

"Here at Binance, and the Dogecoin Core maintainers, we worked together to diagnose, solve, and prevent similar issues from occurring. On Saturday (November 27), we tested everything by opening up withdrawals again, but we did it silently to ensure there were no further issues, and now we’re pleased to announce that from today withdrawals are fully open again." - yooo! 

Also, CZ + DOGE + MUSK are giving away some Teslas. Join here! 

The owners of Italian-built Vianne said in a statement Monday that prospective buyers will be able to buy the vessel with bitcoin (BTC), ether (ETH), dogecoin (DOGE) as well as SOL, FTM, BNB or “top tier” non-fungible tokens (NFT) from the CryptoPunk or Bored Ape Yacht Club collections.

That said, a 10% fiat deposit is required.

So what? 

What can we say? First of all, it's not a mass adoption. After all, adoption is adoption, and this is a luxury. Secondly, when you decide to buy this boat, remember where you found this gem. 

TVL (Total value locked) – this metric represents the number of assets that are currently being staked in a specific protocol.

And more you can find in our Glossary!

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