Last week was packed for crypto lovers! Yesterday was Bitcoin Pizza day, and the SEC dropped some bars earlier in the week. We have a lot to tell you about so let’s get started! Here’s what went down last week:
The SEC Drop ⚖️
Last week, the Securities and Exchange Commission (SEC) dropped a set of rules for crypto and digital asset transactions. Watch out for our explainer article on what this means. But long story short, there’s a debate on what regulation like this means for the ecosystem. But does this mean that CBN will give crypto a thumbs up in Nigeria? Find out next week, on Power Rangers.
The $300 Million Pizza 🍕
Yesterday was the 12th anniversary of Bitcoin Pizza day! 🍾🎈 What’s that? You know we like stories so let’s do a recap. On May 22nd, 2010, a programmer started craving some pizza like everyone else, so he exchanged 10,000 Bitcoins for 2 pizzas (which weren’t worth much). The kicker is that today, that BTC is worth $300 million 🤯. If that’s not the most iconic transaction in history, we don’t know what is.
Inflation 1 – 0 Nigeria 😔
You know how you’ve noticed that everything is suddenly more expensive? Well, it’s not just you. A report by the National Bureau of Statistics (NBS) showed that the inflation rate jumped to 16.82% in April 2022 (The highest it has been in 8 months).
What to do with this info? Some people protect the worth of their funds by storing it in the form of stablecoins like Tether (USDT), USDC, or BUSD. If you’ve been looking for a way to do this, you’re in luck because all 3 coins are available on Quidax. You can watch this short and sweet video here to see how it works.
Fork or Burn ⑂/🔥
Things still aren’t going great for Luna x UST for reasons we explained in this simple article. Last week there was a buzz around next steps for Terraform labs, the company behind both tokens. There were two options up for debate: Whether Terra should create a new version of the current blockchain (forking) or just destroy Luna tokens instead (burning). And it looks like more people are #Teamburn.
Crypto Fit? We’re Here For It🏋🏼♀️
In a survey by FitRated, fitness website, 80% of the participants said they want to be paid in crypto to burn some calories in the Metaverse.
The survey found that paying people crypto to workout might be a good way to get them to exercise more.Bitcoin, Ethereum and Dogecoin were the most desired rewards. What would you do for crypto?