Daily Crypto NewsEDITION #333, 22 October 2021

Buy underwear, vodka, and bitcoin at Walmart

🛒 Hey Moni Maker

Today, in 1907, there was a Banking Panic. It was in the U.S. when the New York Stock Exchange Index plummeted to barely more than 50% of the previous year's peak. It happened because of the mass flight of depositors. So you understand what happens when you don't know how to HODL? HODL is an art.

Of course, not everything needs HODL. But to understand which coins need HODL and which don't, you have to read the Digests. Let's go!

Walmart, the world’s largest company by revenue, is letting customers buy bitcoin at dozens of its U.S. stores.

Shoppers can purchase the cryptocurrency at Coinstar machines inside the retailer’s cavernous big box stores. A CoinDesk editor verified that the service works, buying a small amount of BTC at a Pennsylvania Walmart on Oct. 12.

“Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to purchase bitcoin,” Walmart communications director Molly Blakeman told CoinDesk via email. “There are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot.”

So what?

Once we wanted to buy a mask with bitcoin logo on one crypto-conf. The machine accepted payment in BTC, USDT, and BNB. It turned out that the machine broke, and the employees blushing with embarrassment, decided to give away the mask for free. We hope it will be a different story here.... :)

Hey hey yooo! Our farming Digest is ready for you, and you?

Press: Ethereum is a godfather! Solana chills? Avalanche ToTheMoon. Where can you throw your stablecoins? Digest did it!

– Eric Balchunas is in our Twitter studio! Senior ETF Analyst at Bloomerg. What do you think will happen to $BITO, Eric?

– If $BITO keeps up this pace of inflows it wont have any futures left to buy by the end of the month due to pos limits (via rough back of envelope calc)

– What will happen next?

– What happens then? Not totally sure. Genz didn’t want anything but futures in the prospectus so can’t use other funds. Increase pos limits? Swaps or some kind of clever alternative? Maybe competition and reality kick in and flows slow dramatically? Will dive deeper tmrw.

– Thank you, Eric! Looking forward to more news.

Moni Talks TV about the ETFs. Erik Balchunas was on the air

A high-profile blockchain lobby group is urging United States lawmakers to adopt a “technology-neutral” approach when it comes to stablecoin regulation, arguing that dollar-pegged cryptocurrencies do not pose a system risk to the financial system.

According to the group, stablecoin laws should be technology-neutral, regulate in a manner that is proportionate to risk, ensure that the U.S. maintains a competitive advantage in blockchain, recognize stablecoins as digital payment systems as opposed to investments, ensure compliance with existing Anti-Money Laundering guidelines and be underpinned by a flexible, principles-based regime.

Mt. Gox creditors are expected to recover more than $9 billion worth of Bitcoin, according to a rehabilitation plan document filed with the Tokyo District Court for the now-defunct crypto exchange.

The term creditors here refers to the various victims who lost money when the crypto exchange was hacked in 2014.

“The Rehabilitation Trustee would like to express sincere gratitude to all involved parties for their understanding and support,” the Trustee said in the rehabilitation plan document.

Now write in the chat the date and time when this case will finally be closed. The winner gets nothing, let's go!

Second to go, now ETH is in touch with ATH. $4,37k!

Fix Profit or Let's Keep Going?

Satoshi is the unit of measurement of Bitcoin. 1 satoshi = 0.00000001 BTC. It’s the most frequently used and popular Bitcoin denomination for transactions.

And more you can find in our Glossary!

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