Munch Newsletter

Hello Munchers! 🍩

We've all experienced information overload! When you don't obtain clarity, anxiousness creeps in. Don't be worried; we've got you covered. Sit back, relax and munch on our crisp weekly crypto updates.

Here's what we've got lined up for you today:

• Hot News
• Market insights
• Personality of the Day
• Crypto Tweets
• Learning Corner

🔥 Hot news

Legal Crypto Miners in Iran are forced to suspend operations amid energy deficit

• Tavanir, the Iranian Energy Company, has recently directed legal crypto miners to pause their operations, as reported by the business daily Financial Tribune. However, the Renewable Energy plants can make agreements to supply power as per the recent directives.
• As per Tavanir’s spokesman Mostafa Rajabi Mashhadi, Cutting down the power supply to licensed crypto farms is a part of a list of actions towards strict supervision of consumption in face of electricity shortage in the country during cold winters.
• Legal Iranian miners were forced to shut down operations in the past also. In May, a temporary ban was announced on crypto mining amid growing demand for electricity and insufficient supply caused by the Summer which lasted till late September. Read more​

Remember Blockbuster? Its back as a DAO now!

• BlockbusterDAO, a newly formed DAO on Christmas is all set on a mission to govern the Blockbuster brand and create an ecosystem for a decentralized film (DeFilm) streaming service
• The BlockbusterDAO is pumped up with plans for DeFilm financing and production down the road.
• The DAO aims to raise $5 Million by selling BlockbusterDAO NFTs for 0.13 ETH (about $530 USD), so to purchase Blockbuster from Dish Network, an American television provider that bought the movie rental company in 2011. Read More​

Stan Lee’s Chakra The Invincible NFTs sold out within a minute

• The Loot Box NFT collection, signature by BeyondLife.Club consists of 6865 NFTs of Stan Lee’s Chakra The Invincible was sold out within 51 Minutes of launch on Dec. 27 2021
• The Jumbo Jukebox, the next collection of Stan Lee’s Chakra The Invincible NFT set another benchmark and got sold out within 49 seconds of launch on Dec. 28 2021
• The NFT collections are created in association with Orange Comet and Graphic India and powered by GuardianLink. Read More​

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📊 Market insights

Portfolio Tracking Company DeBank has raised $25 million

• DeBank, a Decentralized Finance portfolio company, has secured $25 million in a fundraising round headed by Sequoia China.
• Circle, Coinbase Ventures, Crypto.com, and a few others were among the other investors.
• According to DeBank, the recent funding brings the company’s valuation to $200 million. Read more​

Singapore’s strict cryptocurrency regulations

• Companies in Singapore are unable to get crypto licenses due to strict regulations.
• More than a hundred companies that had applied for a license to provide cryptocurrency services in Singapore were either denied or withdrew their applications.
• Only 3 companies are recognized as licensed entities so far. Read more​

Users may be able to borrow funds against CryptoPunks on Kraken’s NFT marketplace

• Non-fungible tokens (NFTs) have had a spectacular year in 2021, with the concept expanding from the crypto niche to the public.
• Kraken, a cryptocurrency exchange, is said to be building its own NFT marketplace.
• Jesse Powell, the CEO of the exchange, stated that digital art owners may be able to borrow against their collections. Read more​

👨🏻‍💼 Personality of the day

​Naimish Sanghvi​

• Naimish Sanghvi is a Crypto expert and the founder of Coin Crunch India, India’s own news source for all the happenings around crypto.
• In an interesting interview with Moving, Naimish shared his crypto journey and his expertise in investments in digital assets.
• ​Coin Crunch was founded in January 2018, with 50K average page views a month, have about 500 email subscribers, and close to 4500 people on their Telegram Channel and Group combined, along with 7500 odd followers on Twitter. Read More​

📱 Crypto Tweets

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📖 Learning Corner

What is Bored Ape Yacht Club?

• Developed by Yuga Labs, Headquartered in Alexandria, Virginia, Bored Ape Yacht Club is a unique NFT project built on Ethereum. BAYC is a set of 10,000 NFTs from Bored Apes. Bored Apes is a cartoon depicting a bored-looking ape with randomly generated qualities and accessories, and there are no two images that are alike. Each Bored Ape is one-of-a-kind and programmatically generated from different traits.
• These NFTs are quickly becoming the preferred Twitter NFT profile pictures for celebrities, athletes, and others. Each NFT of the Bored Apes Yacht Club contains seven traits: Background color, Clothes, Earring, Eyes, Fur, Hat, and Mouth.
• The NFTs also serve as your membership card, granting you access to exclusive member benefits. You are becoming a member of an exclusive club whose advantages and services will grow over time. Your Bored Ape may act as your digital ID and open opportunities for you in the digital world.

We hope you enjoyed your Munch! ☕🍪

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Signing off! Stay safe and we’ll see you soon👋

Disclaimer: Our content is purely educational and informative, please do not take it as investment advice. Always do your own research before investing!