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
According to the finance textbooks, gold should have roared higher since 2020 as both a safe haven trade and an inflation hedge. But Monday’s fall below $US1650 an ounce equals a flat return over the pandemic era of economic crisis, war, record money debasement and soaring inflation. Is Bitcoin the new gold?
Opinion: Earlier this year, my 11-year-old son Charlie said he wanted to invest in crypto. This is the story of why this woman helped her son invest in crypto at age 11.
On Tuesday, 48,000 Bitcoin moved off Coinbase. The outflow was the biggest among crypto exchanges since crypto’s big crash in June of this year and the second-largest of all time. Exchange outflows suggest investors are withdrawing their crypto from exchanges and shifting from selling mode to accumulating mode.
If recent crypto trading has proven anything, it’s the veracity of the adage: “A day in crypto is a month in normal trading.” That is the view of Ben Zhou, co-founder and CEO of cryptocurrency exchange Bybit – which of course means the past year of crypto trading has been an especially long time in the alternate universe of the conventional share market.
Coinbase CEO Brian Armstrong, who we spoke to on the Equity Mates Investing podcast recently, has said he will sell 2% of his stake in Coinbase. He currently owns 16% of the business and says he is selling the shares to help “fund scientific research and companies.”
Small retail payments in Sub-Saharan Africa are powering exceptional crypto adoption and usage, with the region conducting the world’s highest proportion (80%) of crypto retail payments of less than $1,000, according to a report by blockchain data firm Chainalysis.
The chief technology officer of the world’s largest retailer (Walmart) thinks crypto lies abreast three areas of technological disruption: product discovery, payment and delivery. Walmart CTO Suresh Kumar said that Walmart is keenly aware of the technological trends in the retail sector, and the potential ways in which Web3 may impact how customers shop in the future.
Crypto.com, the world’s fastest growing cryptocurrency platform, announced it will invest €150 million in France to support the establishment of its market operations, including a regional headquarters in Paris.
Veteran investor and billionaire Paul Tudor Jones said he still has a “very minor allocation” in Bitcoin amid the price volatility, citing economic patterns since the 1970s as part of his reasons for hodling.
In Focus: An NFT sale… of a real house?
Real estate platform Roofstock has completed the sale of a three-bedroom property as a non-fungible token (NFT) for $175,000. The rental property located in Columbia was sold by transferring the Home onChain identity to an Ethereum address owned by the house buyer Adam Slipakoff.
[Read the article here]
Some 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.