Daily Crypto NewsEDITION #385, 13 January 2022

SOLANA = VISA ?!

Hey Moni Maker 💌

Today, in 1957, Wham-O began producing a frisbee. The plate flies back and forth - and people catch it and have fun. It may look useless, but it's so much fun! For example, we have plenty of such activities in our crypto - FOMO. 

Digest doesn't ban FOMO; it just destroys it :) Let's go!

Sorry, no funny titles, because this news is great! 

"Solana could become the Visa of the digital asset ecosystem,” Bank of America global crypto and digital asset strategist Alkesh Shah wrote in a research note published Tuesday. He cited the more than 400 decentralized applications on Solana's network, which host everything from peer-to-peer exchanges to NFT marketplaces. 

Ethereum, meanwhile, could become the blockchain for "high-value transactions and identity, storage and supply chain use cases," he wrote.

Agree? 

"Entity-adjusted dormancy flow recently bottomed out, showing a full reset of the metric. These events historically print at the cyclical bottom," Glassnode said in a report published on Monday.

Bitcoin bottomed out in July 2021 and began a new bull run with the metric falling into the green zone. The cryptocurrency hit record highs near $69,000 on Nov. 10.

BTC can go up. Or BTC can go down. Or BTC can go nowhere. And get this Russian meme! ДНО = Bottom. It's the city. 

The founder and CEO of Block, Jack Dorsey, announced plans to create a "Bitcoin Legal Defense Fund," a nonprofit initiative entity tasked with providing a legal defense for Bitcoin developers, which is "currently the subject of multi-front litigation."

"The Bitcoin Legal Defense Fund is a nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects such as the Lightning Network, Bitcoin privacy protocols, and the like," wrote Dorsey.

AVE, Jack!

Satoshi Nakamoto (Сатоши) is the person or group of people who created bitcoin. He (They) is still anonymous.

And more you can find in our Glossary!

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