Daily Crypto NewsEDITION #271, 28 July 2021

Who's Teacher of the Year?

Hey Moni Maker

Today was the 1951 premiere of Walt Disney's Alice in Wonderland cartoon. Remember Schrödinger's Cat? It perfectly describes the state of the market right now - we're going up but going down. And you don't know what the hell is going on. You might as well climb the fence and watch, quiet and still.

And the info field goes one way and then the other. And now Digest will prove it to you. Let's go!

Sun is "transferring from business to school," he said on his WeChat and Weibo accounts, a statement some took to imply he's thinking of winding down his business activities.

He will become a deputy leader in a research project on blockchain-based social governance, according to a Tuesday joint press release with the China Academy of Information and Communications Technology.

The 30-year-old said he hopes to be the next Jianzhang Liang, referring to a Chinese internet entrepreneur and CEO of travel platform Trip.com who retired from his executive position in 2016 aged 47.

In a subsequent tweet, Sun said he is not planning to retire.

So what?

F*ck this capitalist crypto, bro. That's right - even Trotsky and Lenin wrote about the power of blockchain in their memoirs, and maybe you'll build a Socialism Blockchain there.

:)

According to regional reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for canines called the “Dogeppr.” The new product is a dog biscuit that canine owners can purchase for their pets and the company is accepting dogecoin crypto payments for Dogeppr purchases.

At a number of select locations, the Burger King franchise in Brazil has announced that the firm is accepting dogecoin (DOGE) payments for a new dog biscuit the company recently introduced. “Now you can buy Dogepper with dogecoin, take advantage of it,” the Burger King Brazil advertisement reads. “What is the best way to pay for a product aimed at dogs? Obviously, Dogecoins,” the restaurant chain’s advertisement adds.

In order to purchase a Dogepper, a customer needs to check the availability and then choose the selected amount of dog biscuits they want to purchase. A Dogepper costs three dogecoins according to the website and there are value meals that include the dog treat. After filling out the registration form, the customer transfers the DOGE to Burger King (BK) Brazil’s wallet.

So what?

Ha! We wait for McDonald's to give up Dogecoin because it oppresses cats. And then it will start using Doge again because Musk changes the fast-food clown's mind about Dogecoin's intentions.

Crazy, you say? Hahaha... Soon it will turn into reality...

Mastercard announced Tuesday “a new Start Pathglobal startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies.”

Seven startups have already joined the program. They will work with Mastercard “to expand and accelerate innovation around digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets,” the announcement details.

The startups include GK8, Mintable, Stacs, and Supraoracles. GK8 (Israel) is a self-managed end-to-end institutional crypto custody platform. Mintable (Singapore) is a non-fungible token (NFT) marketplace, Stacs (Singapore) provides a blockchain infrastructure for the financial industry, and Supraoracles (Switzerland) is a blockchain oracle.

The other companies that have joined the program are Taurus, Uphold, and Domain Money. Taurus (Switzerland) provides enterprise-grade infrastructure to manage any digital assets, including crypto assets, digital currencies and tokenized assets covering issuance, custody, asset servicing and trading. Uphold (USA) is a crypto investment and payment service provider for consumers and businesses, and Domain Money (USA) looks to build an investment platform to bridge the gap between digital assets and traditional finance for retail investors.

So what?

The concern remains the same. I don't want the gentlemen in suits to start pushing banking coins through this beautiful story of "supporting start-ups.

Or else I'm reminded of the scene from Green Street Hooligans movie where the main character had a bank card shoved in his mouth with the question "Visa or MasterCard?" In today's reality, that would be "Bank Coin or Nothing?

Binance founder Changpeng Zhao said he was willing to step down whenever he finds a successor who can do a “better job”, as one of the world’s biggest cryptocurrency exchanges, under pressure from regulators around the world, sought to reinvent itself.

Governments and financial watchdogs are paying closer attention to the cryptocurrency industry, often putting in place rules that pose a challenge for exchanges like Binance that have thrived in a mostly unregulated environment.

Zhao made the remarks after Binance came under concerted scrutiny from regulators worried that its cryptocurrency exchanges could be used for money laundering or that investors fall victim to scams and runaway bets.

So what?

Where will CZ go? Will he become the leader of the Binance nation?* :D Okay okay, we know he will not leave his position. But anyway.

In general, this news is not the most unambiguous. Twitter streets and TG rooms are wondering what will happen to the exchange next. Many believe that it is time to leave Binance.

What do you think?

- only CIS citizens will get this joke, sorry.

Listing — is the process when a particular coin first appears on an exchange. When coins are listed on popular exchanges, such as coinbase, they often go to the moon.

And more you can find in our Glossary!

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