February 11: Crypto Summary
Big video tech companies adopt NFT. Binance buying stake in Forbes. Drake bets using crypto.
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say it back, brewers.
Markets
Here are today’s market moves:
Here's what you need to know:
OnlyFans and YouTube adopt NFTs
Last month, Twitter introduced a feature that lets NFT owners verify their profile picture.
Both OnlyFans and YouTube have announced that they will follow in Twitter’s footsteps by supporting verified NFT profiles.
If there's one thing I know, the porn industry supercharges any industry they touch. Porn played a big part in the early days of the internet.
Pornhub soon to follow hopefully.
Binance is taking a $200 million stake in Forbes
Led by the world’s richest crypto billionaire, Binance is pouring in $200 million into Forbes, calling it a ‘strategic investment’
Forbes plans to use the funds to merge with a publicly-traded special purpose acquisition company, or SPAC.
The move will make Binance among the top two largest shareholders of Forbes and will receive two seats on Forbes' board of directors. The cryptocurrency exchange approached Forbes after identifying three potential media platforms for investment.
Coincidentally, Forbes is about to become very crypto friendly and we're going to be reading a lot of pro-Binance stories in the future.
Don't you think that Binance would become a monopolist in the crypto world (it's like it has it's own pocket media now)? 🤔
Drake is betting on the Super Bowl with cryptocurrency
Pop star, rap icon and certified lover boy, Drake, has placed his bet on the Los Angeles Rams to win the Super Bowl using bitcoin.
He posted this publicly to his 102,000,000 followers on Instagram.
He bet $600,000 Canadian dollars worth of bitcoin for the Rams to win including overtime. He bet $500,000 Canadian dollars worth of Bitcoin that Odell Beckham Jr. will have over 62.5 receiving yards. In total he bet over $1,500,000 Canadian dollars worth of Bitcoin for the Super Bowl.
I heard Drake likes gambling. So why not gamble with his speculative and volatile assets so he can gamble while he gambles?
Check this out
We found a website with a list of worthwhile posts about cryptocurrency that have been added since 2008.
Also frens, found a video that explains Bitcoin like you’re a five year old. Send it to a newbie crypto investor.
Did you hear?
A billion-year-old black diamond, which is thought to be the largest cut in the world, was bought using cryptocurrency in an auction for $4.3 million.
Cryptopunk 5577 - the 37th rarest Punk - has sold for 2,501 ETH ($7.7M). This is now the third highest on-chain Punk sale.
Everyrealm, a female-led metaverse company raises $60 million.
Crypto lingo of the day
Shilling:
It's not an ex-Austrian currency. It's a person hyping coins or shitcoins for their own benefit. Avoid at all cost.
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