Daily Crypto NewsEDITION #847, 16 October 2023

Decentalization needs KYC nowadays

Today, in 1923, The Walt Disney Company was founded. Well, it's all about cartoons with Mickey Mouse and Donald Duck. Although, why bother remembering who Disney is when we're in the world of crypto? We have our own cartoons in the hentai genre here.

All weekend, the Crypto Twitter was discussing the possible introduction of KYC on Uniswap: some are burying the platform, saying that users of a decentralized exchange will perceive such a move negatively. Others are resigning themselves, saying that if we want mass adoption, we'll have to dance to the regulators' tune.

Ah, the glorious future!! Entered a decentralized project with your passport, paid with CBDC, and asked your buddies to pump up your social rating through nofriend tech 😍

Project news:

- You can fill out the form from 1inch and become an ambassador. Details here, in the 1inch Discord, they confirmed that the form is not a scam, although there are no official announcements on social media yet :)

Interesting:

- We expect unemployment figures on Thursday. As we wrote, the numbers are acceptable for now. For the Fed to turn on the printer, the number has to be worse. Yes, the economy and morality have nothing in common.

- Coins to keep an eye on:

$BTC - The SEC and Grayscale's battle over BTC-ETF should come to an end, and Bitcoin may rise or fall depending on the decisions regarding this BTC-ETF.

Arbitrum - On Friday, they announced the projects that will receive grants. We wrote about them here. MUX, GMX and Camelot are the best choices to watch. They received the largest grants. Maybe it's worth considering them for the long term HODL. Not financial advice!