January 19: Crypto Summary
Opera's new crypto browser. OpenSea acquires Dharma.
gm to everyone in the NFT world
we all gonna make it
Markets
Here are today’s market moves:
Here's what you need to know:
Coinbase partners with Mastercard
Coinbase hopes to make it easier for people to buy collectibles by partnering with Mastercard. Coinbase’s senior director of product, Prakash Hariramani, says this partnership will help classify NFTs as “digital goods”, allowing more people to reap the benefits of collecting. They plans to “unlock” a new way to pay using Mastercard cards according a blog entry by the company this morning.
Steps like these get everything to the next level of mass adoption by allowing more people to join in.
Things to say to avoid red portfolio embarrassment
(Part 2)
Portfolios bleeding red right now? Here's a list of less embarrassing reasons instead of saying you lost it on crypto:
I used to have an affair with my receptionist and she now has my bastard child that I need to support.
I have very specific pornography tastes that require expensive donations to have carried out (you will NEVER receive follow up questions on this one!)
I purchased and then lost 11 wallets full of cash one after another.
Intel announces that it’s entering the Bitcoin mining market
Microchip giant Intel has announced its plans to enter the crypto and bitcoin mining hardware market with a new revolutionary chip. The company’s “Bonanza Mine” processor is set to be unveiled at the International Solid-State Circuits Conference (ISSCC) on Feb. 20.
Opera unveils its crypto browser project
The Web3 community needs a dedicated browser to shape its future, and Opera is giving it one.
“The Opera Crypto Browser Project is about more than just surfing traditional websites through a one-size-fits-all solution. It’s specifically designed to work with a variety of decentralized apps, or dApps, as well as provide deeper functionality than a traditional browser that has a basic web wallet add-on.”
The upgrade we needed from Opera..but… can we get rewards too?
Link to official blog here.
NFT marketplace OpenSea buys Dharma Labs
Dharma is a crypto wallet startup. Its app will be sunset, but its technological capabilities could help with fiat on-ramps and improve the uptime of OpenSea’s core offering.
Terms of the deal were not disclosed, but a source close to the firm confirmed was in the range of $110 million to $130 million. The startup's CTO Nadav Hollander, a former software engineer at Coinbase and Google, has been appointed chief technology officer.
Also, a meme we found hilarious on yesterday’s acquisition:
Did you hear?
The word “rug” is used in the wrong example 99% of the time in the NFT space. It’s a rug if the founders/developers promised you something and didn’t deliver, and 99% of projects just promise an NFT and deliver. It’s not a rug because price went down.
Crypto lingo of the day
Cold Wallet:
A secure method of storing your cryptocurrency completely offline. Many cold wallets (also called hardware wallets) are physical devices that look similar to a USB drive. Some examples are Trezor and Ledger Nano.
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