It's Monday today, and here we are with our very timely Conversation Street appointment: the week's news commented by Mike Zillo!
https://en.cryptonomist.ch/2022/07/15/opensea-lays-off-20-of-employees/
Opensea firing 20% of the personnel. Nothing to be worried about. IF cryptos decrease in price and NFTs (in this case) temporarily decrease in volumes, like traditional companies, some people are left behind. This is a normal synonym of a correct entrepreneurial approach: less work → less workers.
https://en.cryptonomist.ch/2022/07/14/inflation-continues-to-rise/
Inflations keeps rising, but here we are talking just about the theoretical inflation. Real inflation is what we see at the gas station, at the markets, on raw materials with rises up to 100%.
https://cryptonews.com/news/ledger-ftx-partnership-what-it-means-for-you.htm
You can start managing directly cryptos from Ledger through FTX exchange. I am not fully persuaded upon this news, since I think that crypto-storages and crypto-exchanges should be kept aside. But let’s see. I am not going to use .
https://cointelegraph.com/news/andorra-green-lights-bitcoin-and-blockchain-with-digital-assets-act
Andorra green lights Bitcoin and Blockchain with Digital Assets Act, following the path of Liechtenstein that did it in January 2020. We are seeing more Crypto-friendly area in Europe, meaning that they can become hubs for crypto-activities.
https://cointelegraph.com/news/bitcoin-is-now-in-its-longest-ever-extreme-fear-period
70 days of "extreme fear", but in Bull Market you make money, in Bear Market you make fortunes. I have bought when market was even lower than now. I am accumulating and preparing for the market rise.
https://en.cryptonomist.ch/2022/07/14/impact-of-nfts-patents/
Here is a future forecast: we are seeing that in the next futures NFTs will become representation of patents and NFTs will be suable for copyrights infringements. Something similar has already happened with SIAE, the italian music/video copyright agency, that a couple of years ago started minting NFTs on the Algorand blockchain for copyright purposes.
