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Polygon Makes USD 400M Bet On Ethereum Scaling, Pepsi Goes NFT

🔸Global soft drink giant Pepsi announced its first non-fungible token (NFT) series called the Pepsi Mic Drop genesis collection. Pepsi is creating 1,893 (to mark the year Pepsi was ‘born’) unique generative-style NFTs that will go live on the Ethereum blockchain on Friday, December 10, free for users (outside of gas fees).

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Big Brands Are Chasing Crypto and Metaverse Hype

🔸Multi-billion dollar brands are rushing into the Metaverse by purchasing NFTs, buying ENS domains, and adopting crypto-speak.

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NFTs win, DeFi loses, rest remains unchanged

🔸The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance.

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Federal Reserve Chairman: I don’t see cryptocurrencies as a threat to US financial stability

🔸Jerome Powell, chairman of the US Federal Reserve, told a news conference that although the government should consider cryptocurrency developments, he did not see cryptocurrencies as a concern for the financial stability of US markets. “If the Stables are properly regulated, they can become a useful and efficient part of the financial system,” he said of the Federal Reserve.

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FED’s Powell Doesn’t Think Crypto Risks Financial Stability

🔸The crypto market cap has moved up to $2,2 trillion after the Fed announced they would double the tapering of bond purchase and interest rates will stay the same for now. Fed’s chairman Jerome Powell held a news conference after the decision was taken where he approached several issues on the United States economy and current concerns for its financial stability.

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Bill Gates :Most upcoming business meetings are in Metaverse

🔸Bill Gates has opined about future world changes: “I think that in the next three years, the number of working sessions with the presence of avatars will be more than in the real world. The founder of Microsoft believes that in the next two to three years, meetings will be transferred from 2D virtual environment to Metaverse and 3D space, and digital avatars of humans will hold these meetings.


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Could Legacy Brand Radio Shack Redefine Itself Through… DeFi?

🔸RadioShack was a technology hallmark in the late 1990s. Big box stores dominated the emergence of new technological innovations when personal computers, cell phones, printers, and the like all started to hit the market and were host to a fast race to be a leader in innovation.



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Bitcoin is the most searched cryptocurrency in Colombia

🔸Bitcoin will be the most used crypto by Colombians in 2021. The market leader crypto gained priority in the country after showing an ATH of $58,000 for March and eventually exceeding the figure to $61,000 in October. The appeal to BTC not only skyrocketed in Colombia but in its neighboring country Venezuela, which is going through a serious financial crisis.

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What is a Pyramid scheme and how is it different from a Ponzi scheme?

🔸The Ponzi scheme is absolutely a fraud and is legally problematic, but the Pyramid scheme structure, while problematic, can also be legally acceptable. Of course, the unsustainable development of Pyramid schemes increases the chance of becoming illegal.

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1,075 #BTC (50,633,558 USD) transferred from #Binance to #Xapo

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138,072,203 #BUSD (138,072,203 USD) minted at #Binance

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