Daily Crypto NewsEDITION #353, 19 November 2021

Winklevoss are the opposition!

Hey Moni Maker 🌐

Today the whole world celebrates Toilet Day. So you can congratulate your trader friend on this day! After all, he, like the toilet, is constantly draining shitcoins... 

Digest has some news, why don't we go to them? Let's go!

After seven years of funding their Gemini cryptocurrency empire out of pocket, Tyler and Cameron Winklevoss are in the process of signing the last documents on their first round of capital, a $400 million investment that values the New York parent company, Gemini Space Station, LLC, at $7.1 billion. If the epic competition between the twins and Facebook CEO Mark Zuckerberg is a tortoise vs. hare scenario, now is starting to look like the moment momentum shifts.

So what? 

The conflict between the brothers and Mark started back at uni. The brothers say Mark stole their social networking idea. The twins believe that social networks should be decentralised, so in short, the brothers started kicking against Zuckerberg. Let's see, who's who?   

Epic Games CEO Tim Sweeney said this week that “no company can own” the metaverse, a projected future vision of the internet.

Sweeney sees a “multi-trillion-dollar” opportunity in the space, which Facebook and many crypto startups are also exploring.

So what?

In short, arms races are for old timers. The real dudes are having a metaverse race. Who's going to win? Facebook? Or should we await the arrival of the Black Swan? Share your opinion, please! 

Christopher Waller, a governor at the Federal Reserve, took issue with recent suggestions for stablecoin regulation in a November 17 speech. 

"I disagree with the notion that stablecoin issuance can or should only be conducted by banks, simply because of the nature of the liability. I understand the attraction of forcing a new product into an old, familiar structure. But that approach and mindset would eliminate a key benefit of a stablecoin arrangement — that it serves as a viable competitor to banking organizations in their role as payment providers."

You asked for it - we did it! We wrote an in-depth article about ICOs, IDOs and IEOs. 

- What are these things?

- What are the differences?   

- How to participate in them?

Read!

Rug Pulled is when cryptocurrency developers abandon the project, take all the liquidity for themselves (bringing the price of the coin to zero) and walk off into the sunset. This usually happens in the DeFi ecosystem on decentralized exchanges.

And more you can find in our Glossary!

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