How Money Earn money online ?
What is crypto currency?
Diwali, greener markets, and a bunch of great news kinda got us to glide through the week like a waterslide. Plus, we hosted another Block-by-Block event — this time in Hyderabad. And man was it great (even if I say so)!
(In pic: Shri Jayesh Ranjan, Principal Secretary of the Industries & Commerce and Information Technology, Telangana; Ashish Singhal, Co-founder of CoinSwitch, Team CoinSwitch, and the amazing Web3 community from Hyderabad!)
Before we jump into market updates, check out our latest coverage of the crypto world on Switch — our brand-new publication that makes sense of modern money for you!
Here’s what everyone else is reading:
What is a crypto airdrop, and how does it work?
What is deflation, and why is it bad?
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Here’s what we’ve got for you today:
Market pulse
The Whole Crypto Truth
News that makes noise
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The market is serving fusion 😐
After two bullish sessions this week, the crypto market had a mixed session yesterday. Most of the top cryptos by market cap were in the red. The total market cap went down by $19.5 billion, ending the day at $940.1 billion on 27 October 2022.
The mixed session is attributed to the US economic indicators and corporate earnings that tested crypto traders' appetite. However, US corporate earnings had a more significant impact. The tech-heavy Nasdaq 100 fell by 1.63% on Thursday.
Coin of the day: Dogecoin
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Dogecoin continued its upward momentum, buoyed by Tesla CEO Elon Musk nearing completion of the $44B acquisition of social media platform Twitter. The meme coin witnessed a gain of 5.82% in yesterday's session. Let that sink in!
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Yesterday Bloomberg columnist Matt Levine dropped an essay titled 'The Only Crypto Story You Need' on the Businessweek. And all he talks about in the essay is crypto!
So this guy who comes with all those street creds in finance does a deep analysis of the whats and whys of crypto in just 40,000 words. Even better, this is only the second time Bloomberg is publishing a cover-to-cover issue on a single topic in 93 years (the first was What is Code by Paul Ford).
Yeah, we can see it too—the picture closely resembles Forrest Gump sitting on a park bench no? But the man is a genius. He is
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If you own a stock, the company marks your ownership on a database. If you own a house, your name must appear on the documents which again is a database. For years we have been dependent on databases to run our everyday lives
Let’s say you are into traditional finance. One day you wake up and realize that there is a whole new financial system. Smart folks building mind-boggling things and some idiots making terrible mistakes. There are ways to make money from mind-boggling things and there are ways to exploit terrible mistakes
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Crypto is too big to ignore. We are in a time where most of the global authorities including India are considering crypto regulations. So, crypto isn’t going anywhere
the crypto market has reportedly witnessed over $750 million in the liquidation of short positions—that is, bets against price rises—as Bitcoin reclaims the $20K level
It is not intended as a substitute for investment advice. Should you decide to act upon this information, you shall do it at your own risk. While the information in this newsletter has been verified, it depends on third party sources too
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