While we don’t have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.
Prices of Top Cryptocurrencies
Tweets & Charts of the week
Articles & Videos
This year’s blistering rally in cryptocurrencies such as bitcoin and ether is showing signs of wilting amid growing concerns that US regulators are preparing a major crackdown on the digital asset market. Bitcoin – the largest cryptocurrency – soared by than 40 per cent in January, and seemed to have settled at close to $US23,000 ($33,333).
Brian Bruce did not know much about cryptocurrency in the fall of 2021 when he invested nearly $200,000 in it through somebody who befriended him on LinkedIn,promising returns as high as 20 percent. The 46-year-old logistics manager outside Memphis learned what an expensive mistake he had made just a few weeks later, when he was frozen out of hiscrypto investment account.
Opinion: If it seems to you that the much-hyped world of cryptocurrencies and non-fungible tokens has slipped out of the zeitgeist, you wouldn’t be far from wrong. For a while, it felt almost daily we’d be told that “Web3” was going to change how we lived, but currently, the crypto hucksters seem to have fallen silent. Here is why AI is the next big thing in town.
The 57th Super Bowl took place over the weekend, giving us celebrity cameos galore and the very best ads marketing teams have to offer. But there was one noticeable difference this year: there wasn’t even a whisper about crypto in a single advertisement. The closest we got was an NFT giveaway, while the rest focused on more traditional advertising.
heIf you’re serious about investing in crypto, you need to have a digital wallet. It helps keep your assets safe and allows you to have peace of mind in the case of a black swan event (like FTX’s collapse). This article looks at some of the things you should consider when choosing your crypto wallet.
A quick meme break
Back to it
Soros Fund Management, the investment vehicle of hedge fund billionaire George Soros, appears to have added exposure to some crypto companies before the end of last year, although the nature of the trades is not clear. Soros Fund Management purchased 39.6 million worth convertible debentures of crypto miner Marathon Digital Holdings.
The week in crypto: Take a look at IG’s wrap up of the week in crypto markets and what is impacting the prices of assets this week.
Binance sees huge potential for using AI within the crypto industry as it shared its views on the current flavor of the month, ChatGPT. Binance CEO Changpeng Zhao (CZ) has confirmed previously that it leverages AI within its risk management and customer services departments.
According to a recent poll, conventional asset classes have not been successful in getting more women into the investment space. However, crypto seems to have been successful in bringing women on board. The findings of the poll indicate that there has been a notable increase in the number of women who possess cryptocurrency. According to the data, the percentage of people who owned their home rose from 29% in the third quarter of 2022 to 34% in the most recent quarter.
And another
In Focus: Artificial intelligence and crypto
Economists appear to be looking for a single piece of technology to improve their grasp of cryptocurrencies. Could it be artificial intelligence? This article looks at how AI could help the evolution of crypto.
[Read the article]
The Crypto Curious podcast this week welcomes Ben Simpson from Collective Shift, a leading Crypto Education Platform. They discuss the recent token mapping exercises by the Australian federal government and the launch of Bitcoin-based NFTs, which received mixed reactions from market players.
[Listen to the episode here]
Some more of our favourite content
This is an excerpt from our Crypto Newsletter email. Once a week, for those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.