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đż Dave Portnoyâs NEW Safemoon LAWSUIT + Ethereumâs premium privacy protocol BANNED from US
Reading time 4m39s
GM mams and sers đââď¸
I know how yaâll feel..
Donât worry, that ends today!
Todayâs Agenda:
Dave Portnoy âď¸
Did BTC bottom? đ
Tornado Cash đŽââď¸
Hodlnaut Pause đ
Lambo NFTs đ¨
Iâm sure you know who Dave Portnoy of Barstool Sports is.
Despite CZ tweeting out the Tokengraph last week, the guyâs even more famous than we are.
Earlier this year he had some hilarious controversy with Safemoon.
Truly epic stuff.
Hereâs the rundown:
1/ he wanted to buy a âshitcoinâ2/ he bought $40k in Safemoon3/ he basically forgot about it4/ he checked it months later to find it was down to $4,000
Thatâs a 10x!
After a bunch of shit talking and a confrontation with a Safemoon representative at a Bitcoin conference, Safemoon went after Dave for misrepresenting the memecoin.
Others accused Dave of taking payments from Safemoon to promote it.
He vehemently denied the claims:
âI never got dick from Safemoon. I never talked to Safemoon, I bought $40k on my own, I picked them on my own, and I lost the money on my own.â
But now heâs being sued (alongside Safemoon) for his alleged role in promoting the token.
A great point that Dave makes is that Safemoon literally sent him formal complaint letters for trashing them, so itâs going to be kind of hard to argue in court that he was paid to promote them.
Not to mention the ridiculous video he dropped explaining why he bought the coin.
In the comical 9 second clip, Dave says about why he made the purchase:
âWhy? I donât know f*cking why - it could be a ponzi scheme. I like the word âMoonâ because thatâs where I want to go!â
And while weâre on the topic of memecoins, billionaire Mark Cuban says Doge has more utility than Cardano (ADA) because it has more applications.
Shots fired đĽ
Safemoon is a memecoin known for having significant growth in the 2021 bull run. Can you guess how much it has lost since the day Dave Portnoy bought it?
Tap your answer below to see if youâre right!
Did crypto find the bottom yet?
This question was recently asked in one of the crypto subreddits.
Correction:
This question was recently asked about 100 thousand trillion times in crypto subreddits.
Crypto Class 2021 still hasnât learned.
A throughpoint for many of these posts is that they feel as if everything that could go wrong has already happened.
Weâre going to disillusion you of that notion, for your own sake.
Hereâs a list:
1. MTGOX repayment2. $3B open longs on Bitfinex3. Bridge safety in question4. Crypto âbanksâ closing5. Million dollar Rugpulls6. SEC hawkish AF7. Tetherâs real audit8. Exchange investigations9. Inflation + FED aggression10. The âRâ word (recession)
These are ten things that we know could negatively impact the markets today, tomorrow, this week, or in the coming months, not to mention the unknowns we canât see coming.
So please, stop asking if we found the bottom and just stick to the plan :D
Tornado Cash is a non-custodial privacy solution built on Ethereum.
Some call it a âmixerâ or a âblenderâ.
You can send ERC-20 tokens into Tornado Cash and then withdraw them to a new address without having them tracked.
Naturally, some use this for money laundering and other illegal purposes.
I know, I know. Shocker.
But believe it or not, some people also use it for legitimate purposes.
Privacy is a legitimate concern.
The way itâs basically going to work is that anyone who receives tokens that have been through the Tornado blender (this can be seen on the blockchain) will be subject to prosecution in the US and will likely have their accounts frozen.
In fact, Circle (issuer of USDC) have already started to freeze USDC in Tornado-associated accounts, and GitHub has started banning Tornado contributors.
Now look đ
Weâre not in favor of money laundering.
We donât support thieves and criminals.
But privacy is a human right, and the people who use Tornado Cash to break the law are going to continue breaking the law no matter what the US government sanctions.
Slashing privacy tools is a bad call.
Good people use them too.
I mean, if itâs good enough for Vitalik..
Web3 Pipeline đ˘
Hodlnaut pauses withdrawals and swaps - another crypto âbankâ bites the dust as Singapore-based Hodlnaut (a combination of âhodlâ and âastronautâ - as per their website) informed customers yesterday they would no longer have access to their funds. The company also made its subreddit private and closed down its social media accounts. Some are speculating that they might have been overexposed to UST or LUNA. They really lived up to their name: hodl, NOT!
New Lambo NFTs - with two successful drops under their belt, Automobili Lamborghini is back with another. This time it features a supercar and a virtual experience which theyâre calling âan epic road trip through spaceâ which starts at the Moon and travels to various locations on Earth. Theyâre doing a multi-level mint, dropping 4 new NFTs each month for the rest of the year, and only those who collect one from each edition will get a âspecial NFTâ at the end. Some say it could be a supercar, others say itâs just a cash grab. Time will tell!
Raribleâs New Custom Marketplaces - Rarible is a premium NFT marketplace in their own right, but now theyâre launching a product that will allow communities to easily create their own marketplace for their NFTs. For example, say you love CryptoDickbutts and you want to make sure youâre only buying the real thing - you would feel the best buying from their own custom marketplace because the CryptoDickbutt team/DAO will get more of the secondary sales percentage AND youâll know itâs not a fake (not that this is a major issue with most other marketplaces). Itâs also just a very slick marketing asset for an NFT community to own its own marketplace.
Reserve Bank of Australia Explores CBDCs - Central Bank Digital Currencies are a hot topic lately - weâll do a dedicated letter on them soon. But itâs important to know that the US, Canada, many European countries, and now Australia are all considering them, so they could have a major impact on many of our lives.
NFT drops of the day đ
đ Polarys | 0.18 (ETH)Aug 10 - your ticket to a launchpad and marketplace that provides automated NFT minting to launch fully custom made NFTs without any crypto or coding experience.
đ¨ Bandits | 0.05 (ETH)Aug 10 - your ticket to BA (Bandits Alpha), an exclusive Alpha Group allegedly composed of several leading NFT and Crypto research analysts specializing in both technical and fundamental research.
đ˝ Aliens | FREE (ETH) Aug 10 - you get what you pay for.
đ NOTE: drops not promoted/endorsedâ DYORÂ and practice safe minting!
Thatâs all for today, frens!
But remember that the mainstream media and institutions arenât your friends.
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