Daily Crypto NewsEDITION #332, 21 October 2021

Jack Jack inda Block!

🌎 Hey Moni Maker

Today, in 1970, 777 couples were getting married at the same time in a Korean church. And they think that's cool? We have a lot of those pairs on the exchanges. And not just anyone day, but every day we see new pairs aka couples, every day we list and delist new "grooms" and "brides" in the form of tokens. Some get to make profits and live happily ever after; some get scattered in the first few days, some just get scammed...

Digest is still single, but at heart, he's married to the news and Gems. Shall we watch? Let's go!

Jack Dorsey, part-time Twitter CEO and full-time Bitcoin maximalist, cryptically tweeted yesterday: "705742."

Was it the salary of his meditation guru? The number of hairs in his ever-expanding beard? Perhaps it was a butt-tweet.

But when Dorsey responded early this morning to his own tweet by commenting "off by 117," it became clearer-ish that the Twitter honcho was probably referring to Bitcoin block numbers. More specifically, Dorsey was predicting which block would include the new all-time high. The actual block, according to Dorsey and half of Crypto Twitter, would be 705,859.

So what?

It's not quite clear what's going on yet. The bitcoin broke through ATH, Ether went over $4k. Sounds like the start of the alt-season. We don't know, we're watching.

Hey yo, $65k! What's next?

$4000! Buy tickets now

The UK’s Financial Conduct Authority (FCA) has launched a TikTok and YouTube campaign to warn young people about the risks of investing in cryptocurrencies, per iNews.

As part of the FCA’s initiative, the regulator surveyed young investors (between 18 and 40) who have invested in high-risk assets. More than three-quarters of respondents (76%) reportedly said their investment decisions were based on being competitive with friends or family.

“[60%] of those invested in high-risk assets said they want stable returns. We don’t want to limit choice, we are just asking investors to pause and consider. Are you prepared to lose all your money? If the answer is yes, then fine,” Pritchard also said.

So what?

So old tricks...why you couldn't launch the challenge to make young ppl beat Bitcoin ATMs?

According to statistics from Bitcoin block explorer Blockchain.com, the hashrate—the number of calculations being made per second—for October is at its highest level since June, when it was coming down from a spring sugar high.

Long Story Short: mining is getting harder, but still very profitable.

But save the link for when it ceases to be so:

McDonalds' Career

on the idea that oil companies might open mining farms on their oil rigs, using flare gas to generate power.

Comment it yourself plz.

ToTheMOOOON

Hindenburg Research, a financial research firm focused on short-selling and exposing fraud, has announced a reward of up to $1,000,000 for "exclusive details" on the "supposed reserves" backing Tether (USDT), the world's largest stablecoin.

USDT Sansara....

Rug pulled (Дергать ковер). This is when cryptocurrency developers drop the project, take all the liquidity (bringing the coin price to zero) and walk off into the sunset. This usually happens in the DeFi ecosystem on decentralized exchanges.

And more you can find in our Glossary!

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