Crypto is Easy: Insights for Profitable Investors

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The Brief for August 31, 2020

cryptoiseasy.substack.com

The Brief for August 31, 2020

Aug 31, 2020
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Wow! What a month. The crypto market gained another $30 billion after a $70 billion bump in July. What will September bring?

Read below for two interesting articles.

  • Cryptowriter: Circle Center Consortium Launches USD Coin Version 2.0

    • Bottom line: you will soon not need ETH gas to send USDC, the #2 stablecoin.

    • My take: brilliant move. It’s annoying to have to keep ETH in your wallet simply to move your stablecoins, and the extra step makes it hard for no-coiners and banks.

    • Why we care: if you want lots of people using crypto, you need it to be easy and/or familiar. Gasless USDC gives people a tap-and-go experience they can port to any wallet without ever touching Ethereum.

  • Congress Asks White House For Briefing On Largest Crypto Seizure Ever From Terrorists

    • Bottom line: Some members of Congress want to learn more about how anti-U.S. groups got $2 million in bitcoin and how the Department of Justice busted them.

    • My take: Much ado about nothing. The real work happens behind the scenes, and we will never know about it until a bill goes to the committee for review and amendment.

    • Why we care: because people think these things matter when they don’t. Once we have actual legislation, then we can worry about these things.


Watch my most recent YouTube video, “I'm Not Dumping on DeFi!!!”

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Relax and enjoy the ride!

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