Weekend Updates — 21.05.2022
We’re helping you catch the best stories in cryptocurrency over the past week so you can stay well informed.
Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries
TL;DR: President Bukele tweeted the news, listing all the parties that would be present. The meeting will discuss bitcoin, its use in the economy and the benefits. El Salvador bought 500 BTC during the recent price dip.
📰 Full article:
https://beincrypto.com/bitcoin-conference-in-el-salvador-attracts-44-countries/
Millennials and Gen Z Invested When It Was Fun. Now They’re Riding Out a Crash
TL;DR: As the past week has shown, putting your faith in more volatile assets doesn’t always pan out. Newbie investors are often on the lookout for an investing opportunity that has the potential to change their fortune overnight because of success stories
📰 Full article:
https://time.com/6152208/crypto-investing-millennials-gen-z/
All Those Celebrities Pushing Crypto Are Not So Vocal Now
TL;DR: Crypto boosters such as Matt Damon, Reese Witherspoon, and Gwyneth Paltrow have been criticized for exciting virtual currency without highlighting the risks. Of course, this criticism comes after the recent downward market volatility.
📰 Full article:
Crypto’s Future is Self-Custody, Dealing Blow to Exchanges, Ledger VP Says
TL;DR: Ledger, predominantly known for its crypto hardware wallets, plans to add a cryptocurrency wallet extension on Safari. Meanwhile Coinbase CEO Brian Armstrong, said he’s expecting users to consider taking their assets into their own hands more seriously.
📰 Full article:
https://blockworks.co/cryptos-future-is-self-custody-dealing-blow-to-exchanges-ledger-vp-says/
The Great Crypto Grift May Be Unwinding
TL;DR: Even though times are hard in the crypto world, we can see the silver lining as the great purging of the crypto space. Many of the swindles and alleged swindles are coming to light.
📰 Full article:
https://www.newyorker.com/news/our-columnists/the-great-crypto-grift-may-be-unwinding
