It's Unstoppable #95
Market Meditations | February 10, 2021
? All the tools to start making money in DeFi.
Dear Meditators
In today’s newsletter we provide you with all the tools to start making money in DeFi.
Because DeFi is here and it is Unstoppable.
From fundamentals to technicals, we’ve got you covered. We even use Chainlink as a case study.
Read, enjoy and share with your network. Let’s all grow richer together.
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Elon Musk Bites Back at Freewallet After Dogecoin Tweet ?
Elon Musk has issued short shrift to Freewallet on Twitter after the cryptocurrency wallet provider attempted to use the Tesla CEO’s tweet celebrating dogecoin to promote its services. Saying Freewallet’s app “sucks,” Musk stated Wednesday his belief that crypto users should avoid wallets that do not give them access to their private keys. Don’t know what a private key is? Check out our ? Beginner’s Guide to Owning Cryptocurrency. Musk followed this up by tweeting an image of Chuck Norris saying the martial artist and actor “can withdraw bitcoins from Mt. Gox”, a take on the popular “Chuck Norris Facts” meme. Read more.Cryptocurrency Market Hits $1.4T and Surpasses Google Stock ?
Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market cap hit $1.413 trillion, overtaking the market cap levels of Google class-A and class-C shares. At the time of writing, the market capitalizations of GOOGL and GOOG amount to $1.39 trillion and $1.404 trillion, respectively. Read more.10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto ?
Europol said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing $100 million in cryptocurrency in a “SIM-swapping” attack that allowed suspects to gain access to their victims’ phones. SIM swapping involves taking over victims’ phone numbers and then using cellphone authentication methods to access their apps or bank and cryptocurrency accounts by changing passwords. Read more.Jack Dorsey Donates $1 Million to Crypto Think Tank Coin Center ?
Twitter CEO Jack Dorsey made a $1 million cash donation to non-profit cryptocurrency think tank Coin Center. Based in Washington, D.C., Coin Center is a non-profit research and advocacy group that aims to address public policy issues facing cryptocurrencies like bitcoin. Its supporters include the Silicon Valley venture capital firm Andreessen Horowitz and cryptocurrency exchange Coinbase. The donation made in cash, will bolster Coin Center’s research and lobbying efforts in Washington, D.C. Read more.
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DeFi 101
If you’ve been active in the crypto markets recently, it’s likely that an article, YouTube video, or Tweet with the phrase “DeFi” in gigantic bold font has at one point or another popped up across your screen.
✅ Although the phrase itself sounds like a futuristic spaceship of sorts (or is that just us?), in this article of Market Meditations, we’ll break down the basics of DeFi and help you interpret what it means for your trading and investing journey.
We will use Chainlink fundamental and technical analysis for our DeFi case study.
DeFi Dad: How to Earn Passive Income with DeFi
DeFi Dad (@DeFi_Dad) is a DeFi super-user who provides education on bankless money apps on the Ethereum blockchain and currently acts as the Chief DeFi Officer for Zapper.fi
Things I learned:
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Disclaimer: The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision.
