The great thing about chatting with like-minded crypto comrades is that your knowledge of all things crypto accelerates as everyone chips in to share what they know. Not to mention that it is an immensely enjoyable process because you get glimpses of how people in other countries are navigating their crypto journey to take into account their sociocultural environment. Here are 10 random things I learnt recently.
1) Hodlnaut has offices in Singapore and Hong Kong. However, its funds are held in Singapore only, so there is no fear of our assets going kapuut! should China come down hard on Hong Kong. The Hong Kong is aimed at introducing features easily for international users.
2) Arizona and Texas are the most crypto-friendly states in America. In fact, Arizona is campaigning for BTC to be used as legal tender. Not that the constitution allows for it, though.
3) People in the States and United Kingdom have to pay capital gains taxes on their crypto assets. Ouch. UK capital gains tax is 10% or 20%, depending on your income.
4) Cardano can be staked in an Exodus wallet, on an exchange like Kraken or even hot wallets like Yoroi.
5) Brave Browser aims to put its THEMIS protocol on Solana, as announced by how it intends to forge a partnership with Solana. Given that FTX also backs Solana, this could give worried investors some form of assurance that SOL is still a token to watch out for, despite its many recent network failures.
6) Other than Litecoin, Nano offers quick and few less transactions. Nano is more used to power UST and other Terra projects, and most transactions handled nowadays are powered by Nendly, Kappture, and Nanovault.
7) Kevin O'Leary, the judge behind SharkTank, predicts that NFTs are going to accompany rare, expensive collectibles now. So, buying a Patek Phillippe or Richard Mille watch for over $100k is not enough as the buyer has to buy an NFT of the watch to prove that the item is authentic. This could ramp up these collectibles as exclusive status symbols.
8) Splinterland is linked to Hive blog. You need to pay 10USD as a start-up fee in order to get Splinterlands and Hive accounts. Thank you, Publish0x, for allowing us to blog for free!
9) BlockFi doesn’t rely on lending. They have a different business model, and essentially cut out the middle man to earn in arbitrage.
10)Celsius has already announced Celsius X that aims to bridge CeFi to DeFi with Polygon network. This could be the start of the CeFiDeFi revolution trend in 2022, as forecasted by Messari.
I guess these ten things will make me come across as awfully ignorant ;). But these are really tips and insights that I didn’t know earlier, so I’m glad to be learning something new every day. I hope you enjoyed reading this random compilation of crypto-related developments.
