Netflix’s New Crypto Documentary 10/10? [ September 27, 2021 ]

have you got the Monday blues well we've got 
news for you i'm your host Connor and this is   coin market cap's daily roundup on the 27th of 
september and these are today's crypto headlines   if there's one face that perfectly illustrates 
the end of a weekend it's the side iron chloe   meme and it's now been turned into an nft that 
sold for big bucks plus a major crypto scandal   that saw investors lose millions is being turned 
into a Netflix documentary and finally Cardano is   getting its very own Stablecoin for the first time 
and we'll be finding out more about how it works   but first back to our top story and proof that 
there's still healthy demand for non-fungible   tokens a viral video that emerged in 2013 has 
been transformed into an nft selling for a cool   25 eth it features two little girls called lily 
and chloe who are given a special surprise when   they're told they're going to disneyland while 
lily bursts into tears of joy little chloe had   a much different reaction looking unimpressed 
as she stirs in confusion at the camera   the video has inspired endless memes over the 
years and now it's got a place in crypto history   chloe's mum katie says the family plans 
to hold on to the eth telling the bbc in   an ever-changing world it may be worth more next 
week they are going to use part of the crypto for   another trip to disneyland though here's hoping 
chloe is a little more enthusiastic this time   side eye and chloe isn't the first internet meme 
to be sold as an nft disaster girl featuring a   smirking four-year-old in front of a burning 
building was sold for 180 eth back in april   charlie bittme was also auctioned off as 
an nft in may with a winning price of 760   and 999 the iconic video has since been taken off 
youtube as a result and let's not forget about   overly attached girlfriend which fetched a cool 
four hundred thousand dollars earlier this year   the fact that side i and chloe had a smaller price 
tag reflects how nft sales have cooled slightly in   recent months but here's the weird part all of 
the nfts we've mentioned are owned by the same   collector they're called 3f music and they're a 
music producer who's based in dubai next let's   talk about a new netflix documentary that's in 
the works the streaming giant has confirmed that   a show about a doomed crypto exchange will be 
released next year trust no one the hunt for the   crypto king will focus on quadriga cx a canadian 
trading platform the company collapsed after   its ceo and founder gerald cotton died on his 
honeymoon in india reportedly from complications   related to crohn's disease cotton was the only 
person with access to the cold storage where   climb funds worth tens of millions of dollars were 
stored it later emerged that many of the company's   cold wallets were empty and there was speculation 
that cotton may have faked his own death some 76   000 investors were affected and they still 
haven't got their crypto back the netflix   show will feature a group of investors turned 
sleuths as they try to untangle what happened   to the millionaire and the funds they're owed 
although it's unlikely to generate much positive   publicity about crypto the documentary has the 
potential to uncover answers for people who lost   their life savings back in 2020 a report released 
by the securities commission in canada concluded   what happened at quadriga was an old-fashioned 
fraud wrapped in modern technology the   investigation also claimed that trading volumes 
on the exchange were artificially inflated and   that cotton mixed consumer funds with his own and 
finally today there was a big announcement over   the weekend cardano will soon have a stablecoin 
for the very first time it's called dodgehed   and it's an algorithmic stablecoin that uses 
smart contracts to eliminate price fluctuations   all of this could open doors for cardano dubbed 
an ethereum killer by some enthusiasts to play a   bigger role in the world of decentralized finance 
we've seen how cardano has risen through the ranks   over recent months so much so that ada its native 
cryptocurrency is now third in the coin market   cap rankings charles hoskinson unveiled the 
stablecoin at a summit in wyoming on sunday   and said it could be a game changer in the crypto 
space that will appeal to an entirely new audience   the jed is mainly going to be used for settling 
transaction fees on the cardano network   making costs more predictable and eliminating 
the danger of volatile and exorbitant gas fees   the koti platform is going to be the jed's 
official issuer and its chief executive said   the stablecoin ecosystem has matured tremendously 
over the past few years blockchain participants   are using stablecoins to engage in everyday 
transactions because they allow monetary   value to be exchanged in a seamless manner 
regardless of the sender and recipient's location   but the new stablecoin's arrival comes as the 
us continues to examine whether these assets   should be subject to tighter regulation amid 
fears that could cause financial instability   and that is your Monday news we hope you've 
enjoyed today's episode so which story interested   you most and what do you think about the headlines 
make sure you leave a comment below if you like   what you've seen today why not give our video 
a thumbs up and hit subscribe for three alerts   every time we release a new episode and if you're 
hungry for more all you've got to do is ask alex   click on the link in the description 
of this video to head to our website   where we've got loads of great guides and 
features about all things crypto i've been your   host Connor and that was your daily news recap 
thanks for watching and we'll be back tomorrow

As found on YouTube