Daily Crypto NewsEDITION #253, 02 July 2021

Say NO to ETH

Hey #Moni Maker 🕵️

Today, in 2002, Steve Fossett completed the world's first circumnavigation of the globe in a hot air balloon. Yeah, those times you had to jump out of your pants to communicate with foreigners. Now you don't even have to jump out of your chair - the Internet made it possible to communicate with anyone, anytime.

And cryptocurrencies are making the world international. That's a good thing! And Digest, yes!

Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFT).

On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens.

But despite Twitter releasing 140 NFTs on Ethereum — the foundation for the second most-valued cryptocurrency after Bitcoin (BTC) — Dorsey apparently remains loyal exclusively to Bitcoin.

Following the NFT news, Twitter user Packanimal suggested that it was “only a matter of time before” Dorsey invested in Ether, to which the CEO simply replied “No.”

So what?

Didn't anyone do any analysis? Did the price of ETH go down after that? It's not an addition to the ranks of manipulators, is it?

The volume of locked funds in the Ethereum 2.0 deposit contract crossed the 6 million ETH ($12.6 billion) mark.

Bitcoin closes the Q2 2021 with a record drop of -40.8%.

If we look at the cryptocurrency's growth dynamics since the beginning of 2021, BTC shows a growth of 18%.

Clients of Soros Fund Management, the company of popular U.S. trader George Soros, were allowed to trade cryptocurrency. This was reported by The Street.

Trading began a few weeks ago. In addition to bitcoin, a number of other digital assets are available to traders.

So what?

Mr. George Soros is known in the world as a hardcore swindler. It’s not a good sign.

Although... cryptocurrency is on the rise. Accordingly, the higher you are, the tougher the challenges. We’ll overcome it!

A new law in Germany that could theoretically prompt up to $415 billion to flow into crypto takes effect Thursday.

Should every Spezialfond choose to allocate the full 20% in crypto, that would equate to €350 billion ($415 billion), based on the total assets under management of such funds in Germany.

The figure was arrived at by Sven Hildebrandt, CEO of Distributed Ledger Consulting, and was cited in a report by financial newspaper Boersen Zeitung in April.

Spezialfonds are the dominant institutional investment vehicle in Germany. A sizable allocation of this market toward crypto could have profound implications across Europe, because the country has the eurozone's largest economy.

So what?

Rammstein should do a song about bitcoin. What else can we write here?

Whale — is a participant of the market with large amount of assets. Usually it is early bitcoin users, ethereum investors, exchanges and other wealthy guys.

And more you can find in our Glossary!

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