NOW YOU MAY PAY FOR YOUR TACO BELL WITH DOGECOIN

October 1, 2021

TL:DR

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

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 the past week.

MARKETS

▲ Bitcoin

$48,189.11

+64.05%

▲ Ethereum

$3,292.91

+353.00%

▲ Cardano

$2.25

+1187.08%

▲ Solana

$159.51

+8650.60%

▲ Binance

$417.30

+1006.48%

*Cryptocurrency data as of Friday at 3:30 PM PST. YTD% Average

Weekly Review

Last week’s market perfomance

This week, Bitcoin has tested itself at around $40,000 – $43,000 – the main culprit behind is the latest series of Chinese crackdowns on crypto, which intensified this past week. The current crypto-market subtly made a comeback with the price of Bitcoin now topping out at $48,000+ for the week.

World Policy

China tightens its crackdown on cryptocurrencies

First things first, this week, the Chinese authorities made it clear: they don’t want cryptocurrencies to operate from their country. To put an end to this, the Chinese authorities also banned Coinbase, a renowned crypto-wallet. According to the statement by police, they will go as far as they can to root out “illegal” activities. Many critics say this day was coming, and here it is now.

TRIVIA

Which famous hip hop/ rap icon claimed that they were behind the NFT influencer Twitter account ‘CozomoMedici’?

A. Lil Wayne B. Nicki Minaj
C. Snoop Dogg D. Cardi B

Answer Below.

Technology

San Jose becomes first ever city to fund low income internet’s access through the help of Helium crypto mining

Who would’ve thought one day a blockchain-led technology would be providing internet to low-income families? Well, that day is here as Helium’s blockchain-based incentive model is helping families in San Jose, California, gain access to the internet. So far, 1300 families have gotten the internet because of the technology, and many more to come. The project is on trial as there is enormous room for improvements to adopt the tech in a broader scale.

Politics

U.S. should to the “exact opposite” of China on crypto, says Andreessen Horotwitz’s Katie Haun

Andreessen Horwitz, a famous venture capitalist, wants U.S. authorities to not follow the Chinese road-map on crypto rather do the opposite. He believes this is a big opportunity for crypto to grow and be adapted on a large scale in the U.S. In his statement to CNBC, he stated: so far, the approach of the U.S. has been okay, and he worries by banning crypto, China will leverage their Stablecoins, which in return strengthen the Chinese Yuan.

Food

Now you may pay for your Taco Bell with Dogecoin

Yes, you heard it right. Now you can pay for your Taco Bell meal with the help of Dogecoin as the company moves towards’ starting to accept crypto payments. Taco Bell recently launched a partnership with the crypto-process BitPay.Inc and Verifone Inc are amongst the largest providers of payment machines, and thus if things go according to the plan, the company may accept more cryptocurrencies.

Coin Market Calendar

Date	Project	Website
10/02	Waggle Network	$WAG
10/04	Heroes & Empires	$HE
10/05	Aleph Zero	$AZERO
10/05	Bloktopia	$BLOK
10/08	DecentraWeb	$DWEB
10/13	Derived	$DVD
10/13	Gods Unchained	$GODS
10/14	DeFi Land	$DFL
10/26	Chimeras	$CHIM

Connect to our shareable calendar here.

Finance

Morgan Stanley goes big on Bitcoin

This week has been filled with news of all sorts, while some were raising concerns while others were helping to move cryptocurrencies in the right direction. One of the world’s renowned investment banks, Morgan Stanley, reported having acquired around 30,000 shares of investment in Grayscale Bitcoin Trust. This move has been made by Morgan Stanley’s Europe offices that look at “emerging” and “established” companies.

NFT News

Dapper Labs launches NFT collectible with the NFL

The National Football League has partnered with the famous Dapper Labs to create scarce and exclusive digital video highlight-led NFTs for their fans worldwide. The digital videos will feature the best moments of the season and run on the Dapper Lab’s cutting-edge blockchain technology.

Featured Project

KI foundation – Bridging the gap between CeFi and DeFi

This week’s featured project is Ki Foundation aims to bridge the gap between CeFi and DeFi by deploying a new currency based entirely on sustainable business models. The Ki Foundation recently started what is known as “Klub staking,” built to support an entire ecosystem rather than one asset. The Klub staking is based on the following:

Top-notch technical infrastructure with the help of Cosmos SDK. Low commissions at first and will add 1% commission each month until a maximum of 5%. Soft slash compensation so that users can feel safe.

TRIVIA ANSWER

C. Snoop Dogg

Snoop doxxed himself, revealing he has been running a cryptocurrency-based Twitter account. @CozomoMedici, a Twitter account now boasting more than 46K followers, was a Twitter account designed to share “tales & insights from the wild world of NFTs” but as of a couple day ago, was revealed to be yet another alter ego of California rap legend, Snoop Dogg. Tweeting “I am @CozomoMedici,” on Monday, Snoop revealed the true identity behind the cryptocurrency influencer account and changed the account’s avatar to the cannabis-smoking “Hazy Nyan Cat” NyanDogg NFT, which was purchased for 4.24 ETH, the USD equivalent of $13,000.