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Read The Weekly Summary - Cryptocurrency Edition [Issue 50.0]

The Weekly Summary - Cryptocurrency Edition [Issue 50.0]

By tvlachak | The Weekly Summary | 6 Sep 2021


Issue 50.0 / September 6, 2021

Cryptocurrency

The following are my recent insights and discoveries on cryptocurrency, blockchain, NFTs, and the metaverse.

Bitcoin Roundup

Here are some of the reasons why we HODL Bitcoin and stack the SATs.

The Bitcoin Lightning Network makes BTC transactions scalable and cheaper.

MicroStrategy continues to go macro on Bitcoin as they accumulate more digital gold. The company now owns more than $5 billion worth of BTC cash reserves. Below is one of the strongest statements I've heard by Michael Saylor on Bitcoin, the inevitable. In my humble opinion, Saylor, the CEO of MicroStrategy, is the best thought leader on BTC.

Mortgage lender will allow house payments to be made with Bitcoin.

Twitter is copying Noise.cash with a soon to be added tip jar feature for Bitcoin. However, Twitter won't supply the BTC, the tipper will. Fellow P0xer and Noiser @Bragato18 did point out that BAT tipping has been available on Twitter account for a while now, but that tipping system had to go through Brave Rewards. Most folks on Twitter are not on Brave Rewards and not using the Brave browser to tip Basic Attention Token. Once Twitter adds BTC tipping, your Bitcoin address will be added through the Twitter profile natively, no third party service required. And most who access Twitter through the app, Chrome, or Safari will be able to tip BTC. Renoise this

ETH is Metaverse Money

Raoul Pal is a former hedge fund manager and currently the CEO of Real Vision, an educational company focusing on financial and business content. Pal is a perma-bull on Ethereum and believes ETH is becoming the metaverse's money. Watch below as he breaks down why ETH will be going over $20,000 by year's end. When you click on the YouTube play button it goes exactly to Pal's explanation. Renoise this

National Blockchain Selected

El Salvador continues to innovate in the crypto space on the national level by agreeing to use Algorand for its government's blockchain.

Metaverse Musings 

What is the metaverse?

Immersys has emerged as a new kid on the blockchain gaming scene and it may take the metaverse to the next level. This NFT game is currently in closed beta, but you can buy a Player Card NFT to get access. I'm seeing that NFT cards are selling between $10-$16,885. A couple of greedy fools are trying to sell their cards for several hundred millions dollars.

NFT News

Non-Fungible Tokens have been eating the world lately. NFTs have been a popular topic of discussion on all the social media platforms like Twitter, Reddit, Telegram, Discord, and Discord. But what's next on the horizon for digital assets? Co-founder & CEO of SuperRare, thinks the current NFT boom is fueling a digital art revolution.

It doesn't matter how old you are to take part in the blockchain economy. A kid in the UK is nearing half a million dollars in sales with his NFT project called Weird Whales. My favorite quotes from young Ahmed are “I plan to keep all my ether and not convert it to fiat money,” and “...in the future, maybe everyone doesn’t [need] a bank account and just has an ether address and a wallet.” I'm amazed that a 12 year old is thinking like this! Renoise this

I'm still trying to wrap my head around Loot. Loot is described as "a meta-MMORPG (Massively multiplayer online role-playing game). It’s a game of games, a game about games, building-together-as-game, play for the sake of play to see what play can lead to." Loot is like an open-source gaming experiment in the metaverse.

Recently, Visa purchased a CryptoPunk #NFT for $150,000. But get this, Visa created an NFT whitepaper for customers and fans to better understand digital assets.

Coinbase Earn Opportunities

$9 worth of crypto with quiz answers:

Happy Aping!

I hope all of us have a strong 💪 week in the crypto and stock markets. This includes all you bulls 🐂, bears 🐻, apes 🦍, whales 🐋, and geckos 🦎! May your charts 📈 go up and to the right!

Continue Learning With Me

You've read the Cryptocurrency Edition from The Weekly Summary 50.0. where I blog about learninginvestingpersonal financeentrepreneurship, and free stock giveaways. I also like doing push-ups.

Disclaimer

Ideas and information presented in my articles are for educational purposes only and not intended to be investment advice. Investments in the stock market and cryptocurrency could be speculative and volatile and result in money loss. Always conduct your own research. You may want to obtain independent legal, financial, taxation, and/or other professional advice with respect to any information from this content. I may mention products or services and some of those products are affiliate links that reward me.

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tvlachak
tvlachak Verified Member

I'm a student of personal finance, investing, cryptocurrency, NFTs, & blockchain. I'm currently learning and thinking in public on The Weekly Summary. I'm also a foodie that loves fitness.


The Weekly Summary
The Weekly Summary

The Weekly Summary is a growth lifestyle newsletter that focuses on finances, learning, web3 and more. This weekly newsletter curates resources with my insights and analysis in a round-up that will inform and educate readers.

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