Another exciting week for crypto investors & enthusiasts.
Sorry for getting this out a day late but I was busy this week launching The Crypto Cougars (more on that in a sec).
So, what happened this week?
The crypto market rallied after weeks of red, and crossed back over the $40K BTC line.
Big hack with one of the blockchain bridges but the funds were replaced.
Concerning updates about the US-CBDC (central bank digital currency) + lots of money moving into the NFT sector (this is good news).
1 - Wormhole hacked for $300M but funds replaced
2 - US Central Bank warming up the audience for their new currency
3 - Gamestop partners with Immutable X to launch NFT creator marketplace
4 - Tom Brady’s Autograph NFT platform raises $190M
Are you a women looking to get into crypto investing but don’t know where to start? My biz bestie Cara Bell and I launched the Crypto Cougars this week. Come check it out and see if our vibe aligns with you.
1 - Wormhole is a platform to bridge funds between Solana and Ethereum blockchains. It was hacked this week, and $300M was stolen. The parent company replaced the funds which is awesome for everyone who lost money.
However, a reminder that hackers continue to wreak havoc on the crypto ecosystem.
2 - The US Central Bank (the Federal Reserve) has been leaking “news” about their plans for a CBDC. This is not good news for anyone who is not a member of the central bank (which includes you if you are reading this blog post).
Having the central bank issue money directly to the people is VERY different than our current digital dollars that funnel through banks.
Right now, if you don’t like your bank, you can switch to a new bank.
If there is a CBDC, it is issued by the ONE central bank - you can’t switch.
And if they have a problem with you, your funds can be shut off.
CBDC is not Bitcoin. It is not a digital version of our dollars. It is the single tool to make the central bank the most powerful entity in the world (honestly they are already very powerful, this just accelerates their control over everyone.
If you think that central banks are friends to the people, check out The Creature from Jekyll Island to learn the dark history of central banks all over the world, and how they operate.
3 - Gamestop is getting into the NFT space via a partnership with Immutable X. I included this here because the more money that floods into NFTs & the Metaverse, the more bullish I am on the investment opportunities.
$100M is going to launch many projects to look into…
4 - Tom Brady’s Autograph platform raises $190M from investors, another indicator that major funds are moving into the NFT space.
If NFTs are the new direction for pop culture and entertainment, that makes ETH the currency of culture.
The more money that these celebrity projects attract, the more mainstream adoption accelerates.
People who think crypto is for boring techie investment types are waking up when their fave celebrities talk about their NFT projects.
Market is still in a place of fear, but a welcome break from weeks of Extreme Fear. Are we headed back to the green?
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