Read The Weekly Summary - Cryptocurrency Edition [Issue 51.0]

The Weekly Summary - Cryptocurrency Edition [Issue 51.0]

By tvlachak | The Weekly Summary | 18 Sep 2021


Issue 51.0 / September 18, 2021

What you're about to read are my latest learnings about cryptocurrency and blockchain.

Cryptocurrency

Crypto adoption is being led by Asian and Central American countries according to a recent metrics report. Here's some great commentary that these regions are doing in cryptocurrency evangelism. And speaking of Central America, El Salvador continues to make brilliant moves on the Bitcoin adoption front by looking into giving tax breaks on BTC investment and profit "to attract foreign capital". Here's a nice visual summary of the great Bitcoin story that's been unravelling in El Salvador this month. One thing is for sure, El Salvador needs to address its Internet infrastructure problem to accelerate adoption.

Could there possibly be a correlation of Bitcoin to the S&P 500? Charles Edwards, founder of Capriole Investments, thinks so as he provides a chart showing the corrections for both.

It's always exciting to see Bitcoin price forecasts coming from analysts in the traditional finance space. The crypto research unit from Standard Chartered, a British multinational banking and financial services company that controls almost $1 trillion, shared the following with customers recently; “As a medium of exchange, bitcoin may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world" and "cyclically, we expect a peak around $100,000 in late 2021 or early 2022.” The CEO of 10T Holdings is more bullish on BTC with targets of $400,000 to $500,000 on the biggest and oldest cryptocurrency.

Are you a cyber hornet? Watch Michael Saylor talking about Bitcoin evangelism on a global level.

What does investing, stoic philosophers, and crypto have in common? I read an excellent thought piece by author Darius Foroux on investing that was more than 2,000 words. It took me over 10 minutes to read, but I got so much value out of it, so I wrote a short summary.

China’s second biggest real estate developer Evergrande may be negatively impacting the Tether stablecoin. Cryptocat first broke this story for me that the current real estate meltdown occurring with the Chinese-based real estate company. And that this can result in bankruptcy could hit USDT very hard. If it does, it may rock other cryptocurrencies. This piece explains the bigger picture on this Lehman Brothers-like bomb that could drop on the Chinese economy and beyond.

Noise.cash, the micro-blogging platform where you can earn Bitcoin Cash by engaging with others, has been experiencing an ongoing hacker attack that has affected site stability along with sluggish page loads for users. Read the details from the official Noise.cash account.

Cathie Wood the CEO of ARK Invest made a bullish forecast on future technologies, here's what she said in a recent interview; "We’re going to see blockchain technology and artificial intelligence converge and cause explosive reactions."

Wrapped BANANO (wBAN) is now on Polygon and can be traded on SushiSwap. And wow, almost 1 million BAN will be given away as rewards until October 9.

Study this graphic to learn the ladder of risk and reward with investing. Starting from the bottom step of a savings account in a bank all the way to the top rung of cryptocurrency.

Many top level universities are adding cryptocurrency and blockchain to their curriculum according to a recent Coinbase report. Students want to add crypto courses to their studies.

CryptoHack is a a gamified platform providing a free curriculum that introduces learners to basic modern cryptography. Course study includes:

And check out all the cool CryptoHack learning challenges. ReNoise this.

Coinbase Earn Opportunities

$12 worth of crypto with quiz answers:

Continue Learning With Me

You've read the Cryptocurrency Edition from The Weekly Summary 51.0. 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.

How do you rate this article?


55

0

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.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.