Bitmain sh!t on China11 October | by
🏃♂️ Hey Moni Maker
Today is Coming Out Day in the United States. Yeah, it's hard to admit and expose your once-hidden secrets to the public as if they were f@cking NFTs. But we are crypto dogs, and we are lucky because we have a whole community of assholes like us—the ones who buy highs, panic, sell and catch the FOMO virus.
Digest accepts you for who you are. Let's go!
Bitmain is not Batman, get out of China!
Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, confirmed it will halt shipping Antminer to mainland China.
“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” according to a statement from Bitmain’s official WeChat account. The move doesn’t affect Bitmain’s overseas customers and the company said that it has increased the supply of Antbox to speed up the construction of overseas mines.
There is a cool quote from one Russian writer Karamzin. We remade it for crypto.
“If I fall asleep, wake up 100 years later and somebody asks me, what is going on in crypto, my immediate answer will be: Tether and China FUD”
The SEC approved an ETF consisting of companies holding large amounts of Bitcoin on their balance sheet.
The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF.
Public will create its own generation of crypto fans
Stock-trading app Public announced on Thursday that it will add crypto buying and selling in the coming weeks, joining the likes of Square, Robinhood, and a growing number of other financial apps that are doing the same. Like Robinhood, it offers no-commission trading and a mobile-first design, but also includes a prominent social media element that encourages users to share what stocks they buy and sell.
In announcing its crypto plans, Public says it will initially offer 10 digital currencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, Stellar, Cardano, Zcash, and Dogecoin. For now, Public users will only be able to buy, sell, or hold crypto.
DeFi. Protect your ass and crypto?
We will tell you how to do that in this Medium post. Everything is simple! You read it, like it and share it. We give you more cool content, ok?
Ether-maximalists - attack!
Buterin went on the attack on bitcoin community - because of the lack of criticism of President El Salvador.
Short: he made the point that the tactic of handing out bitcoins to everyone without a proper attempt at education is reckless, and felt that millions of people could be rekt.
Here's the full quote: “Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space. Additionally, this tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I'll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him”
The president of El Salvador is a dog lover
He unveiled a pet clinic project that is starting to be built with the country's bitcoin revenues
All-Time High (ATH) – is the highest all-time price that any coin or token has ever reached. For example, Bitcoin's ATH is $60,012. This price was recorded on March 13, 2021. The previous ATH was $32,947 - January 2, 2021.
And more you can find in our Glossary!
Meme of the Day
And you...buy Bitcoin! (it's a good time!)