Daily Crypto NewsEDITION #16, 03 September 2020

Pornhub listed crypto hard!

Hey #Moni Maker 😜

Today, in 1929, the Dow Jones Industrial Index, having reached a peak of $381.17, began its decline. This event was later dubbed the Wall Street Crash of 1929, which had a devastating impact on the economic situation and ended up being the most significant cause of the Great Depression. Nowadays, Dow is traded near its peak of $29,100, and many economists predict yet another collapse of the modern economy. We take a neutral position and can confidently advise to:

DYOR and diversify!

Pornhub, the ninth most visited website in the world, now allows its users to pay for premium subscriptions with Bitcoin (BTC) and Litecoin (LTC).

So what?

"OH MY GOD!" - porn actresses scream. We will shout too and explain why.

The entertainment industry is increasingly turning to bitcoin, more precisely, to its most prominent representatives. After Steam, PornHub entered the cryptocurrency space.

This is quite good for BTC, because entertainment in the 21st century has already become a cult, maybe even a new religion. And the blessing of this industry speaks of the imminent mass adoption. What a time to be alive!

Over the past 24 hours bitcoin’s rate has fallen to $11,150 and lost 5% of its value. Also many altcoins have dropped by more than 10%.

This collapse may be related to the fact that the Seoul police conducted a search of the office of Bithumb exchange with suspicion of fraud.

So what?

No need to carry on! First, we have seen worse collapses, so nothing can scare us :) Second of all, the government as an institution always wants to look behind the cryptocurrencies’ curtains,but often finds nothing illegal. Therefore, let’s get more details! Bithumb, we hope you won’t let us down!

When Satoshi Nakamoto released the Bitcoin Whitepaper, everyone who read it was convinced that Bitcoin will never work.

But there was only one person who stood strong ... it was the legendary Hal Finney!

Let us give you a quote: “Bitcoin seems to be a very promising idea. I like the idea of basingsecurity on the assumption that the CPU power of honest participantsoutweighs that of the attacker. It is a very modern notion that exploitsthe power of the long tail. When Wikipedia started I never thought itwould work, but it has proven to be a great success for some of thesame reasons.”

So what?

What can we add to such great words? Always remember your Heroes!

This story reminds us of a typical blockbuster from Hollywood. A guy is standing against the world and wins in the end. So, that's all, happy end. But there is a little dissimilarity...

We can't count the wins of bitcoin and we can't predict its biggest one. We think it's more than just mass adoption.

Profits from mining Ethereum are skyrocketing and continue to break records amid the DeFi boom.

On the 1st of September, according to The Block, Ethereum miners earned a total of $17 million worth of fees, it’s a new record! It’s 3.7x higher than the previous highs, which have taken place in December 2017 and January 2018 when ETH price was above $1,000.

So what?

No, we never considered ETH as an underdog, but it always seemed it would not be possible to beat BTC in any field. But then DeFi came in and started to turn the game around.

Business Idea! Mining Courses! :D No need to thank us.

— Grayscale Investments' assets exceeded $6 billion

— Binance will list Kusama (KSM).