Rebrand Hasn’t Helped Libra ❌

...BTC-e Suspect Jailed 🚨 Mon. Dec 7, 2020 "Christmas is the season when people run out of money before they run out of friends." 💸 - Larry Wilde Market Activity Total Market Cap $570.4 BN (+0.33%) 24 Hour Volume $106.6 BN (+1.42%) Notable Movers MCO [(MCO)]( Bitcoin Dominance 62.5% (-0.16%) Bitcoin Price $19,217 (+0.25%) Cointelegraph says [Bitcoin]( can hit $100,000 if it manages to replicate post-March gains. NewsBTC reports that the world’s biggest cryptocurrency is likely to remain rangebound until it breaks $19,400. Bitcoinist quotes an analyst who believes Bitcoin has the potential to hit a new record high by the middle of this week. The Weekend News 🚨 PLENTY more news over at our shiny, new aggregation service... [Headlines!]( [Regulators Still Don’t Like Diem]( 😤 Despite [Libra]( recently rebranding as Diem, some officials have made it clear they’re still unimpressed with Facebook’s controversial stablecoin project. Germany’s finance minister has described it as a "wolf in sheep’s clothing." Olaf Scholz warned there are plenty more regulatory risks that need to be addressed before the digital asset will be allowed to launch in Europe. [Read more]( [Bittrex Offers Tokenized Stocks]( 🥳 Bittrex has become the latest crypto exchange to offer tokenized stocks. It means users will be able to buy shares using [Bitcoin]( 24 hours a day. Gaining exposure to Wall Street could also become more budget friendly, as fractions of equities can be purchased. More than a dozen stocks are supported at launch, including Tesla, Amazon, Facebook and Netflix. [Find out more on CoinMarketCap Alexandria]( [Alexander Vinnik Jailed in France]( 🇫🇷 A man accused of being the mastermind of the [BTC]( exchange has been jailed for five years in France. Alexander Vinnik was convicted of money laundering in Paris, but was acquitted of 13 other charges. The U.S. has previously accused the 41-year-old of "stealing identities, facilitating drug trafficking, and helping to launder criminal proceeds from syndicates around the world." [Read more on CMC]( [NFT of Top Footballer Fetches]( ⚽️ A blockchain-based collectible of one of the world’s best-known soccer players has fetched a whopping $66,850 at auction. The digital trading card of Paris Saint-Germain forward Kylian Mbappé was subject to a bidding war on Sorare. Now, anyone who wants to buy the NFT will need to stump up a minimum of $150,000. [Find out more about the NFTs craze on CMC Alexandria]( Poll of the Day 📣 Circle CEO Jeremy Allaire has told CNBC that he believes the Biden administration will embrace crypto as part of efforts to bring America’s infrastructure into the 21st century. On a scale of 1-5 (5 being absolutely,) do you agree with him? [Rate 1-5]( What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… On a scale of 1-5 (5 being absolutely,) do you believe that the U.S. is not going to ban [Bitcoin]( Thanks for all your responses — 37% of you believe that Washington wouldn’t take such a drastic step, while 13% of you are determined not to take U.S. officials at their word. Here’s what you had to say in a little more detail… This reader was especially blunt: "I don’t trust anyone." 👀 Others warn a crypto clampdown isn’t a wise move: "Banning BTC will be bad for the U.S. economy." 🇺🇸 Here’s an interesting perspective: "PayPal, Facebook, and institutional investors are getting into crypto. With so much big name money tied into the crypto market, there would be too much backlash if the U.S. banned Bitcoin. Their time to stop BTC has come and gone." ⌚️ Some of you have a lot of confidence about the health of the sector: "Nothing and no one can stop Bitcoin’s dominance in the cryptocurrency market." 😎 But another warns: "Government leaders are notorious for saying one thing while doing another." 😬 And the last word goes to this reader: "Bitcoin is heavily becoming more entrenched in the economy and if the government was going to impose a ban then it would have done so long ago." 😰 Crypto Deep Dive 🏊 And last but not least, it’s time for a deep dive into one of the projects making waves in CoinMarketCap’s top 200 cryptocurrencies. This week, [MVL]( is in the spotlight. This digital asset has a market cap of $44,604,851, making it 167th in our rankings. MVL’s value has risen by more than 175% in the past seven days, so let’s find out more about what this project’s about. The gist of it 📖 MVL aims to create a trust-driven ecosystem for vehicles - It hopes to tackle common issues relating to finding reliable used cars and mechanics Why people love it 😍 - MVL brings together multiple aspects of the automotive industry in one place - In time, it could deliver efficiencies when it comes to renting, selling, insuring and fixing cars Why people doubt it 🤔 - This project would need exceptionally high levels of adoption in order to be effective - It could be argued that blockchain technology isn’t needed to bring this concept to life Take a quiz! Earn $HNT and $OXT Tokens Learn about one of the most popular DeFi projects [Orchid]( and [Helium]( Watch the series, complete quizzes & learn how Orchid helps you earn more with your digital assets. [Learn More]( Thank you for reading! Have a great day — more news tomorrow! 💙 😍 our newsletter? 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