Financial Virgin - Issue 25
Happy Friday all. The markets are still pushing and we are now into spring here in South Africa. Statistically September was a bad month for cryptos, lets see if we can show some green this month. Don’t forget to share this amazing news piece with your friends and family.
👀Alt Coin Frenzy
The global crypto market rose 1.7%, buoyed by double-digit gains in more than a dozen tokens and altcoins. $ALGO led the pack, +34.6% today. More on crypto below.
DeFi's record summer. Big firms eye decentralized finance, lifting some apps to new heights.
The next NFT trend. Art Blocks' massive growth and the rise of "generative" NFTs.
Cuba, specifically El Salvador recognizes crypto. The country outlines new rules for using digital assets.
$ALGO spiked almost 100% on the Cuba news as they are the blockchain that is being used to create the wallet that is housing these Bitcoins
🤖Mastercard pulls into Crypto
To enhance its cybersecurity tools and comply with crypto regulations, Mastercard acquired CipherTrace, a blockchain analytics start-up. CipherTrace specializes in scanning blockchains for illicit transactions. Mastercard said the deal will help businesses “identify and understand their risks” and “help manage their digital asset regulatory and compliance obligations.” This deal goes to show that payment companies are keeping an eye on the crypto security system. 👀
📚Amazon School ?!
E-commerce giant Amazon just announced a new employee benefit: free college tuition for over 750,000 U.S. employees. 🤓 Companies are struggling to attract talent and this may very well be the next big thing to attract young college graduates
Ardine Williams, Amazon’s VP of workforce development, said:
“Career progression is the new minimum wage. Most adult learners don’t have the luxury of quitting their jobs and going to school full-time.”
💰Buy Now Pay Later
PayPal is making a big jump into the buy now, pay later (BNPL) marketplace with a massive $2.7 billion acquisition. The company is acquiring Paidy, a Japanese BNPL firm.
🐂Bull Case Amid NFT Frenzy
Development activity has surged on the Liteocin network. $LTC is down by over 55% from its ATH of $412.96. However, Litecoin has been able to beat Cardano to Smart Contract and NFT Launch. Litecoin foundation announced the launch of Omnilite, a layer-2 NFT marketplace that would allow traders to mint NFTs using smart contracts.
🏅The U.S. labor market is doing better
Weekly jobless claims hit an 18-month low, with just 310,000 filing for benefits. That figure fell 35,000 week-over-week. Continuing claims fell, too.
DID YOU KNOW
Hands-on with Facebook and Ray-Ban’s first pair of smart glasses
LINKS THAT DONT SUCK
🦠 Business Travelers, Expect More Zooms and Few Trips This Fall
🚀 Rocket Lab Signs Five-Launch Deal with European Internet of Things Satellite Company Kinéis
⚠️ All the Biggest Environmental Risks Facing the World’s Biggest Cities