🚀 Cryptonomics — your weekly blockchain & crypto readings

📰 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

If you like my content, please subscribe to my Substack Newsletter to receive weekly market wrap-ups and more exclusive content 🚀

rizvihaider.substack.com/welcome

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store