TWITTER TO SOON ALLOW USERS TO TIP VIA BITCOIN ON THEIR APP

September 7, 2021

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TL:DR

Happy Tuesday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines last week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you’re not clear about who we are and what our mission is, here is a simple summary:

“We’re a community of crypto enthusiasts who share our knowledge and insight on the crypto market and trends to help each other make better investment decisions.”

If you like what we do then please don’t forget to forward this newsletter to your friends.

Here is the top crypto-news from last week.

MARKETS

▲ Bitcoin

$51,672.72

+76.40%

▲ Ethereum

$3,934.80

+439.46%

▲ Cardano

$2.83

+1519.11%

▲ Solana

$160.92

+8742.45%

▲ Binance

$496.25

+1209.20%

*Cryptocurrency data as of Monday at 2:00 pm PST. YTD% Average

Weekly Review

Last week’s market perfomance

We’re back at $50,000! Finally! Bitcoin crossed $50,000 and is all set to test $55,000 in the coming weeks. Ethereum also touched $4,000. Meanwhile, two alt-coins were on fire this week as Cardano hit $3 and Solana hit $143 both their highest! EVER! Solana is now the world’s seventh biggest cryptocurrency at a market cap of $40.6 billion. Remember NFTs? Yes, they’re back too but more on that in our NFT section.

Technology

Twitter to soon allow users to tip via Bitcoin

You heard it right! According to a news report, Twitter is all set to launch a feature that is currently under trails. The feature will be a part of twitter’s “Tip Jar” that will allow users to tip different users via Bitcoin. Until now, Twitter users are only able to tip with the help of regular money and the feature is only available for certain people. The new feature is about to change the game and give content creators a much-needed edge to produce further content.

TRIVIA

New digital currencies have led to several applications of tokenized assets. What is the field of understanding the value of tokens by studying supply-demand, competitor prices, inflation, etc. called?

A. Token Economics B. Token Dynamics C. Cryptology D. Ledger Research

Answer Below.

Politics

“Crypto is a disaster waiting to happen!” says former US President Donald Trump

According to the 45th President of the United States, cryptocurrencies are a disaster to happen very soon. He also went on to state that “the entire existence of cryptocurrencies may potentially hurt the entire value of US Dollar and the trade associated with it.” The crypto community on the other hand responded differently by appreciating the price of Bitcoin at $50,000 this week.

Technology

Better to mine crypto here than to grow strawberries in Poland, says the President of Belarus

Yes, you read that right! Crypto is much in the minds of politicians this week. For the country to attract more investment in the mining of cryptocurrencies, the President of Belarus wants investors to realize his country is welcoming as many mining companies as possible. He also urged big companies in the country to start investing in crypto-mining as this is the “big thing” right now.

World Policy

Another country bans Binance and this time it’s Singapore

Looks like more countries are unhappy with the way how Binance operates. After South Korea, the US, and United Kingdom, Singapore also decides to tighten its grip over Binance. The move comes after authorities became vary of Binance, as it is close to breaking their local payment rules and also paving way for potential money laundering. Binance Holdings have yet to offer a response but it seems they are waiting for the right time.

Coin Market Calendar

Date	Project	Website
09/07	MoonieNFT	$MNY
09/07	Moonbeam	$GLMR
09/08	IX Swap	$IXS
09/08	YouClout	$YCT
09/08	Immutable X	$IMX
09/08	Cyclos	$CYS
09/10	DeSpace	$DES
09/13	Revault	$REVA
09/13	Gelato	$GEL
09/21	handle.fi	$FOREX

Connect to our shareable calendar here.

Politics

Salvadorans are furious about the adaptation of Bitcoin

You might have heard about El Salvador making Bitcoin legal in the country however the move seems to be something the citizens are quite unhappy with. Majority saying “we don’t know the currency [Bitcoin] yet.” According to a survey conducted, 67.9 percent of people disagree with the adaptation of Bitcoin. Will it bring the much-needed success the government is hoping, only time will tell; nonetheless the world crypto-community is quite happy and hopeful with this move.

NFT News

Doge NFT hits valuation of $500 Million

In a recent sale of the legendary DOGE meme-led NFT representing its ownership was sold in an auction for $500 million or ETH 11, 942. Thus, becoming amongst the most expensive NFT that have been sold. The NFT was first purchased in June for about $4 million, and just within months, it saw an incredible rise.

Closing

NFT sales tapped their all-time high at $1 billion in just August

NFTs are back! BIG TIME! According to a data, non-fungible token sales are at a record high with over daily trading of about millions of dollars worth each day. Looks like the fans can’t just get enough of their digital collectibles.

TRIVIA ANSWER

A. Token Economics This study of economic incentive models and token distribution within cryptocurrencies has come to be known as token economics, or, tokenomics for short. In order for a token to have any sort of value there needs to be an incentive to use or hold that token. This incentive creates demand for the token, which then dictates the token’s price. Many tokens will hold their incentives within their utility.