Daily Crypto NewsEDITION #299, 06 September 2021

Loot good loot good loot?

Hey Moni Maker

Today, in 1989, due to a computer error, 41,000 Parisians received letters notifying them that they had committed murders and robberies. Although the letters originally only reported traffic violations. Inattention can cost a comma or a silly mistoke in the text. Or it can cost a career and a deposit.

Let's develop attention and keep it in the here and now. In our business, that's helpful. And in reading the Digest too! Let's go!

As Defiant reports, Pixelated jpegs going for millions of dollars were already blowing people’s minds. The latest NFT project goes one step further –– traders are dropping what for some is a year’s salary or a property down payment, in exchange for white text on a black background.

The project was launched with a tweet from Dom Hoffmann, the creator of Vine, who shared the contract to mint a Loot “bag” on Aug. 27. With no fees aside from gas to pay, fanatics minted the 8,000 bags within three hours.

Now Loot is the hottest project in the NFT space. It’s already at the fifth slot on OpenSea in terms of trading volume with over $100M in the past 24 hours. The floor price, meaning the lowest someone is willing to sell a Loot bag at for, is 12.2 ETH, worth over $45K as of mid-evening New York time.

And one LOOT bag sold for 250 ETH, almost $1M on Sept. 2.

So what?

Well... now is the time when a couple of thousand dollars for a picture seems to be a normal phenomenon. You can admire it, put it on your ava...

Have you bought a piece of text yet?

As Decrypt reports, South Africa's Financial Sector Conduct Authority (FSCA) on Friday issued a public warning that Binance Group, the owner of the world's largest cryptocurrency exchange, is "not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act."

To which Binance quickly responded: We don't recognize your authority anyway.

So what?

There's that regulator shit again! Why is that? Because CZ still hasn't installed the new BSC extension in the Moni app! Don't be like CZ; install it and use it!

P.S. In the photo, CZ is justifying why he hasn't downloaded Moni yet.

We guess not! After all, we made +$92. Whoo! Next week we'll buy something else.

We have 1inch, ETH and Sushi. Something else we should get...what? Dive into the chat and suggest!

SEC is Reported to Have Started Inquiries on Other DeFi Dapp Makers Beyond Uniswap.

Officials are making a broad-based inquiry into a number of platforms in DeFi, other than just the one into Uniswap Labs, according to a source with knowledge of the matter who declined to be named as the information is private. The SEC has become increasingly focused on DeFi, the person said.

The Wall Street Journal today reported that Uniswap Labs, the company developing DeFi’s most popular decentralized exchange, is under investigation by the U.S. Securities and Exchange Commission (SEC).

So what?

Everyone has such a source, yep?

As Decrypt reports, earlier this week, CryptoPunks sales volume briefly fell, and the Punk boom looked like it could be over.

Not so fast.

Yesterday, a single CryptoPunk Zombie (Punk 6275) sold for $3.9 million. The buyer was Pranksy, a prominent NFT collector, who bought the Punk just 8 hours after it was listed for sale. Pranksy was also the buyer of a fake Banksy NFT earlier this week.

Ну что, ходлишь панков?!

IPO (Initial Public Offering) is a process of company trasition from private to public. It's the first time when shares of private company is offered to public investors and traders. After that stocks of the company can be traded on Secondary Markets.

And more you can find in our Glossary!

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