Cryptonomics – your weekly crypto & blockchain readings 📰

23rd August – 29th August

Hi guys, 

This is Rizvi, entrepreneur and crypto enthusiast based in Zurich, Switzerland. Every week, I’ll share with you some of my weekly readings and thoughts around crypto and blockchain topics, from market insights to trading activities. Feedback is more than welcome!

If you like this newsletter, make sure to subscribe to my Substack Newsletter at the bottom! 

📰 Let‘s dive into the news of the week

Over 10 percent of Americans are investing into crypto. Something over 10% of people living in the U.S. have invested in cryptocurrencies a recent survey from CNBC revealed. Crypto investors are more likely to be men, and younger people thought crypto was less risky than older ones. 📰 Decrypt

Visa buys an NFT for $150’000. Visa Inc. bought a CryptoPunk NFT (shown in the blog image) for $150,000 in a show of support for a burgeoning area of investment in the realm of cryptocurrencies and blockchain technology. 📰 Bloomberg

Substack starts accepting Bitcoin payments. The popular email publishing platform Substack (that I am also using) now lets writers accept Bitcoin via the Lightning network. Willy Woo and Dan Held are the first two authors on Substack who can start accepting Bitcoin. 📰 Decrypt

El Salvador is preparing the launch of hundreds of Bitcoin ATMs. The country is installing 200 ATMs as the new law recognizing Bitcoin as legal tender kicks in starting September 📰 Bloomberg

You can now use your .com Domain to send and receive Ethereum. Users will be able to send and receive Ether at .com and other domain names with the latest DNS and Ethereum Name Service integration. This was a long-awaited feature. 📰 Decrypt

Bored Ape Yacht Club Sells $96 Million of NFTs in Hour for Mutant Apes Launch. The NFT project sold 10,000 Mutant Apes for 3 ETH each yesterday. Now they trade for double that. 📰 Decrypt

$400 Million in ETH Now Burned by Ethereum EIP-1559 Upgrade. An upgrade that burns ETH instead of using it to pay miners has taken $400 million ETH out of circulation. EIP 1559 will long-term make Ethereum a deflationary token similar to Bitcoin. 📰 Decrypto

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