Daily Crypto Update 03/16/2022
Here is what we are covering today:
🔥A $ 1 million bet on LUNA’s price
🔥FTX and Binance licensed in the Middle East
🔥MetaMask has over 30 million active users monthly
🔥Instagram will launch NFTs: Mark Zuckerberg
🐣Join the conversation & let’s talk crypto!
🔥A $ 1 million bet on LUNA’s price
Crypto Twitter has always been a place for all kinds of comments, but this time it was historic. People familiar and nonfamiliar with the Terra community were betting on the future of the token.
The story began with crypto trader Sensei Algod, who is so bearish on LUNA that he decided to bet $ 1 million that the price of the token will go down.
“Who wants to take a $1,000,000 bet that LUNA will be lower price [sic] in 1 year than now?” he tweeted yesterday.
"Cool, I’m in" replied the CEO and founder of Terraform Labs, the company behind the project.
The duo agreed to announce Cobie, one of the hosts of the crypto podcast UpOnly, as an escrow agent. Each of the bettors will transfer $ 1 million in USDT to Ethereum address, which Etherscan labeled as "Cobie: LUNA Bet Escrow".
Meme of the day:
What are your thoughts on the market? Let’s discuss on Twitter!
🔥FTX and Binance licensed in the Middle East
With the growth of the crypto industry, the top crypto exchanges Binance and FTX are also growing.
They both received a license from regulators in the Middle East, where FTX will operate under the name FTX Europe & MENA. The exchange was authorized to exchange virtual assets and a clearinghouse from financial regulators in Dubai.
Binance also boasted the new registration, which was made in the Kingdom of Bahrain (in West Asia). The crypto company, led by CZ, is making the move after being prosecuted by regulators worldwide. In recent years, the Netherlands, Japan, the Cayman Islands, and Italy have reported that Binance is not registered to operate in their territory. Malaysia, the United Kingdom, and Singapore are also on the heels of the business.
🔥MetaMask has over 30 million active users monthly
Although DeFi and NFT have been down in recent weeks, this MetaMask noted an increase in their users.
The popular Ethereum wallet, which helps with storing and transferring all ERC tokens, has over 30 million active customers per month. Just four months ago, the company behind the business, ConsenSys, announced 21 million active customers/monthly. Since then, the 42% increase is due to the high interest in NFT and DeFi projects.
According to ConsenSys CEO Joe Lubin, the trend towards "progressive decentralization" continues. For its part, MetaMask is working on a user-friendly interface and will announce news in this direction very soon.
In addition, MetaMask will work on a DAO.
🔥Instagram will launch NFTs: Mark Zuckerberg
After Mark renamed Facebook to Meta, one of the subsidiaries will now change the game in the NFT world.
It is about Instagram, which will release NFTta in photos and videos, but at the moment there is no specific data on when the feature will be available.
According to rumors, users will be able to use NFT and share their art collections.