Daily Crypto NewsEDITION #375, 21 December 2021

Kintsugi. Mint, suki

Hey Moni Maker 🗝

Today, in 2012, for the first time in the history of YouTube and the Internet, the number of views of a single video clip exceeded 1 billion. The lucky guy was PSY with his "Gangnam Style". In those days, memes lived relatively long - parodies of "Gangnam Style" flew around the f@cking globe, literally every country, and made their way back to South Korea. The memes often die in seconds before they even have time to enjoy their 'moments of fame'. 

But we believe that our Digest is eternal. Yes, the Digest is a meme, but what a meme! Let's read it. Let's go!

Ethereum 2.0 is like Dr Dre's 'Detox' to the crypto community. An album that Dr Dre fans are so sick of waiting for that they've already started making it themselves, mixing old and new tracks by the rapper.  

So! Tim Beiko, who coordinates the Ethereum core developers, announced the Kintsugi testnet today on the Ethereum Foundation blog. Kintsugi is a Japanese word for using gold to repair broken objects without attempting to hide the damage; the word evokes a sense of transparency about something's history.

It ain't much, but it's honest work…Or to be correctly, it’s proof of work! 

The Bank of England wants stronger rules for crypto assets on an international scale as banks and institutional investors deepen their involvement, according to an official at the UK central bank.

Sarah Breeden, who works as Executive Director for Financial Stability Strategy and Risk, told The Times in an interview that the focus on international coordination among central bank is a reflection of the difficulty in obtaining data on institutional crypto holdings.

“This is not something the UK can solve all on its own," Breeden told the Times. 

Translation from an official language to normal: f*ck knows what to do about this crypto - we can't handle it, we all need to do something together, but f*ck knows, probably need to tighten up the rules and regulate.

Gem Hunter class! Hush, we've got a new challenge for you. 

- MicroStrategy has acquired over 122,000 BTC 

- And now, according to CEO Michael Saylor, the company is looking for potential ways to "generate returns" from these assets.

- So far, they haven't come up with anyways, but they want to come up with 

What's the advice? 

Instagram CEO Adam Mosseri has said the social media giant is “actively exploring” the NFT industry. 

“Nothing to announce yet but we are definitely actively exploring NFTs and how we can make them more accessible to a wider audience,” Mosseri said via his own Instagram account last week. 

Great soon we'll be able to wrap a picture of ass and food in the NFT at once! Mass Adoption!!!!!!

Well let's leave Ratakowski in the picture so at least there's something pretty in this bloody crypto bath. 

Pump and Dump is a strategy to pump and dump a coin. Whales artificially inflate the value of a coin to then sell as high as possible to small traders. As a result, the value of the coin goes down, and investors lose money and become hamsters.

And more you can find in our Glossary!

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