🆘 Politicians will look up and shout save us!9 August | by
Hey Moni Maker
Today the whole world celebrates Booklovers' Day. Of course, nowadays, you can get information any way you want - YouTube, podcasts (from Moni Talks, for example), digests, Telegram feeds, etc. But what can replace reading an interesting book on a Saturday evening on the balcony in rainy weather?
Yes, there are irreplaceable things in life. Like the Digest, for example. Let's go!
US regulators in the Senate have decided to push cryptocurrency.
What are these politicians up to?
For example, Infrastructure Bill. The bill defines a “broker” as an entity which “is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” With this definition, the bill categorizes proof-of-stake validators and DeFi developers as brokers obligated to file 1099 forms with the Internal Revenue Service (IRS) along with other requirements.
That is, politicians will decide which technologies are OK and which ones are not. Mr. Musk spoke out against such regulation, supporting Armstrong.
This is very brief. Keeping in touch!
Check the post below!
The battles are on!
Right now, supporters of crypto & blockchain are LOSING this fight that will define crypto’s future.— Ted Cruz (@tedcruz) August 7, 2021
That’s why I’m proud to cosponsor the @RonWyden, @SenLummis, @SenToomey crypto amendment.
It’s a major improvement over what is in the underlying bill & a must pass amendment.
"We feel strongly that policies that impact people's basic civil liberties and people's rights in the digital age should never be tacked on to legislation like an infrastructure bill," said Evan Greer, director of Fight for the Future.
"If we had our way, we would remove this entirely from the infrastructure bill so we could have a real debate over what types of policies are needed to ensure that vulnerable and low-income folks are protected from things like crypto scams and to make sure billionaires and big companies pay their taxes," she said.
The debate is over. On Monday, the project will be put to a vote. Ouch...
He knows everything about bitcoin
Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent.— glassnode (@glassnode) August 9, 2021
This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.
Live Chart: https://t.co/WUsUZNUbkZ pic.twitter.com/JBtXg6Iuet
Thank you, Tony! This tweet was brought by Tony B. Follow him on Twitter.
Can't afford Crypto punk?
A party on this platform is an opportunity to ape a punk or any other NTF together and participate in the auction.
As a result, we have interesting mechanics and a fun site, poke around if you find the time.
A - Arbitrum. A - August. Drumroll. News. Layer 2
The Arbitrum team is pleased to announce that user access will take place later this month. Yes, in August. (Yes, 2021 🙃).All deployed projects will be available at the same time, and the Arbitrum One portal will open to move assets.
The exact date of the month is not yet known, but to give time for preparation, we will be notified, so we are waiting.
A few words of caution from the Team:
Opening up the general L2 is uncharted territory, so be careful. Arbitrum is trying to make it safe for users, but they are very worried.
The team will monitor as much as possible what is happening in order to avoid incidents. There will also be restrictions on volumes, but this is temporary, and gradually the limits will increase.
Well, that's all, Let's go! LFG!
The L2 Ethereum era has arrived. Arbitrum will enable the Ethereum community to interact with virtually all of your favorite decentralized applications (and many new ones!) with less cost and responsiveness. Get ready!
That's all for now. We are waiting for the next updates.
Axie Infinity exceeded 1mln downloads
The number of users installed the Play-to-Earn game on devices has exceeded the number of 1 million.
But, the guys from Axie corrected that some players downloaded the game client, but did not buy the Axie, so there are still less than 1 million Axie holders.
* ~ 400,000 Twitter followers;
* more than 2/3 play Axie on Android;
* 300,000 playing on Windows, while only ~ 30,000 play on Mac and iOS.
Rich guys with Apple devices don't need to earn while playing, they are willing to pay to win, hah?
1/2 billion on 24 blockchain games
24 Blockchain Gaming companies raised $ 476 million in the first half of 2021 (~ 10% of the total amount of funds raised in crypto projects).
3 companies raised 75% of $ 476 million, let's take a closer look at them:
1) San Francisco-based Forte raised $ 185 million, valued at $ 1 billion.
2) Animoca Brands), the developers of Sandbox, raised $ 88,888,888. Funny choice of the sum, right?
3) Los Angeles-based startup Mythical Games attracted 75 mlns, and the total amount of funds raised was 120 mlns.
Let's think about it, if 10% of all funds are attracted to the crypto gaming segment and we recently had the first wave of pumps and adoption of similar games, soon, in the 4th quarter of 2021, we will have a second one? - let's discuss it in chat
Jack Dorsey offered his idea for crypto regulation
The founder of Square and Twitter joined the discussion about the bill on crypto taxation.
Jack noted that imposing reporting on developers, miners and node holders is ineffective and would only spur the development of this "critically important technology for the United States" outside of the United States.
He also added that if you can't have a discussion, you could at least simplify the definition of a broker to one “where digital assets are exchanged for fiat currency”. Right now, almost everyone - miners, developers, holders of nodes - falls under the term "broker." Although senators may not think that's enough - in fact, it accomplishes 90 percent of the goal.
For the remaining 10%, Dorsey suggested passing the law through a public hearing in the Senate.
Did you know that?
The volume of decentralized exchanges totaled $ 56.47 billion.
According to The Block data panel, 65% of the monthly volume came from Uniswap v2 and v3 - $ 10.6 billion and $ 26.57 billion. Let's go to those who are smaller. The volume on SushiSwap and Curve was $ 6.07 billion and $ 5.13 billion.
The monthly figure for July represents another decline compared to June, when it was $ 80.85 billion. The DEX ecosystem peaked in May at $ 162.02 billion. By the way, Uniswap V3 was launched the same month.
According to the Data Dashboard, the percentage of spot trading on the DEX versus centralized exchanges was 8.98% in a month, slightly more than in June.
APY – annual interest rate. That is, how much percent you get in a year.
And more you can find in our Glossary!
Meme of the Day
And you...buy Bitcoin! (it's a good time!)