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DDCT #107 - 2/3/2022 (Death knell for Mark Zuckerberg's crypto dreams after regulators block Meta's Diem)
#Bitcoin #MarkZuckerberg #NayibBukele
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/el-salvadors-pro-bitcoin-fm-fires-back-at-imfs-insult/
El Salvador’s pro-Bitcoin FM fires back at IMF’s ‘insult’
The International Monetary Fund warned El Salvador to drop Bitcoin as legal tender. Not just once, or twice, but at least 4-5 times in the past. In fact, even the Executive directors urged El Salvador to detach Bitcoin’s status as legal tender in the country. What’s more, in a recent release, the IMF insisted that El Salvador dissolve its $150-million trust fund incorporated at the time of its policy decision.
Agree to disagree
El Salvador’s Finance Minister Alejandro Zelaya responded to recent demands from the International Monetary Fund. And, as expected, he remains undeterred from his ‘pro-BTC’ stance.
https://decrypt.co/91899/hacker-steals-320-million-solana-ethereum-bridge-wormhole
Hacker Steals $320 Million From Solana, Ethereum Bridge Wormhole
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million originally suspected.
"ETH will be added over the next hours to ensure wETH is backed 1:1," it posted on Twitter, adding: "We are working to get the network back up quickly."
https://bitcoinist.com/bitcoin-mining-revenue-6-month-low-downtrend/
Bitcoin Mining Revenue Plummets To 6-month Low Amid Downtrend
On-chain data shows Bitcoin miner revenues have now declined to six-month lows as the price of the crypto has continued to struggle recently.
Bitcoin Miner Revenues Fall To 6-Month Lows
As per the latest weekly report from Arcane Research, the BTC miner revenues have now dropped to lows not seen since six months ago.
https://www.vulture.com/2022/02/hitpiece-nft-musicians-criticize.html
Musicians Rage at NFT Site Auctioning Songs Without Permission
Don’t worry, your favorite indie band didn’t get into selling NFTs overnight. A new NFT platform called HitPiece has caught heat from a number of musicians — largely indie bands — for selling NFTs of their music without permission. Per a description on its website that has since been taken down, “HitPiece lets fans collect NFTs of your favorite songs.” What that seemed to mean in practice was music was available on HitPiece, like a streaming service, to be turned into NFTs without consent from musicians. (To backtrack: An NFT, or nonfungible token, is a unique electronic thing that exists on the blockchain, which is what also powers cryptocurrency.) As NFTs have gained traction in the music and art communities over the past several months, many have criticized them for negatively impacting the environment via the blockchain and just not making sense.
https://www.euronews.com/next/2022/02/02/death-knell-for-mark-zuckerberg-s-crypto-dreams-after-regulators-block-meta-s-diem?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral
Death knell for Mark Zuckerberg's crypto dreams after regulators block Meta's Diem
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital.
Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not have a comment.
A Facebook spokesperson, however, pointed to tweets by Stephane Kasriel, head of Meta's cryptocurrency wallet Novi, that said the decision to sell was not made by Meta, but by the Diem Association.
"We hope that the Association’s sale of their assets to @silvergatebank will allow the project’s vision to live on. Because we still believe in the shared financial inclusion mission," Kasriel wrote.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #MarkZuckerberg #NayibBukele
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/el-salvadors-pro-bitcoin-fm-fires-back-at-imfs-insult/
El Salvador’s pro-Bitcoin FM fires back at IMF’s ‘insult’
The International Monetary Fund warned El Salvador to drop Bitcoin as legal tender. Not just once, or twice, but at least 4-5 times in the past. In fact, even the Executive directors urged El Salvador to detach Bitcoin’s status as legal tender in the country. What’s more, in a recent release, the IMF insisted that El Salvador dissolve its $150-million trust fund incorporated at the time of its policy decision.
Agree to disagree
El Salvador’s Finance Minister Alejandro Zelaya responded to recent demands from the International Monetary Fund. And, as expected, he remains undeterred from his ‘pro-BTC’ stance.
https://decrypt.co/91899/hacker-steals-320-million-solana-ethereum-bridge-wormhole
Hacker Steals $320 Million From Solana, Ethereum Bridge Wormhole
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million originally suspected.
"ETH will be added over the next hours to ensure wETH is backed 1:1," it posted on Twitter, adding: "We are working to get the network back up quickly."
https://bitcoinist.com/bitcoin-mining-revenue-6-month-low-downtrend/
Bitcoin Mining Revenue Plummets To 6-month Low Amid Downtrend
On-chain data shows Bitcoin miner revenues have now declined to six-month lows as the price of the crypto has continued to struggle recently.
Bitcoin Miner Revenues Fall To 6-Month Lows
As per the latest weekly report from Arcane Research, the BTC miner revenues have now dropped to lows not seen since six months ago.
https://www.vulture.com/2022/02/hitpiece-nft-musicians-criticize.html
Musicians Rage at NFT Site Auctioning Songs Without Permission
Don’t worry, your favorite indie band didn’t get into selling NFTs overnight. A new NFT platform called HitPiece has caught heat from a number of musicians — largely indie bands — for selling NFTs of their music without permission. Per a description on its website that has since been taken down, “HitPiece lets fans collect NFTs of your favorite songs.” What that seemed to mean in practice was music was available on HitPiece, like a streaming service, to be turned into NFTs without consent from musicians. (To backtrack: An NFT, or nonfungible token, is a unique electronic thing that exists on the blockchain, which is what also powers cryptocurrency.) As NFTs have gained traction in the music and art communities over the past several months, many have criticized them for negatively impacting the environment via the blockchain and just not making sense.
https://www.euronews.com/next/2022/02/02/death-knell-for-mark-zuckerberg-s-crypto-dreams-after-regulators-block-meta-s-diem?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral
Death knell for Mark Zuckerberg's crypto dreams after regulators block Meta's Diem
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital.
Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not have a comment.
A Facebook spokesperson, however, pointed to tweets by Stephane Kasriel, head of Meta's cryptocurrency wallet Novi, that said the decision to sell was not made by Meta, but by the Diem Association.
"We hope that the Association’s sale of their assets to @silvergatebank will allow the project’s vision to live on. Because we still believe in the shared financial inclusion mission," Kasriel wrote.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations