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Issue #027 Crypto Y’all Investor Report

Oct 13, 2022

Investor Report

Issue #027

October 12, 2022

Crypto Y'all Investor Report

Eye-Popping Crypto News!

BNY Mellon Can Now Custody Crypto

America’s oldest bank, the Bank of New York Mellon Corporation, was approved by the New York State Department of Financial Services and the bank said it was the first of eight financial heavyweights to start crypto asset custody services.

Google Selects Coinbase to Allow Customers to Pay for Cloud Services With Crypto

The deal, announced at Google’s Cloud Next conference, might succeed in luring cutting-edge companies to Google in a fierce, fast-growing market, where Google’s top competitors do not currently permit clients to pay with digital currencies.

Microsoft and Meta Bringing Office 365 to the Metaverse

Meta Platforms has now partnered with Microsoft to bring various Microsoft Office 365 products into Meta's virtual reality platform.

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Country Simple Crypto: What’s Happening in the Market…Analysis, Tips, and Insights.

Investing is tough right now in this bear market and crypto is not the only investment being affected. Everything is breaking from real estate to stocks. As of now, the play is just to survive the discomfort until the markets recover. The most important things to remember are to not tune out and not burn through your cash fast.
Tomorrow the US will release date on inflation and crypto prices will move accordingly depending on how that goes.
TIP OF THE WEEK: You can’t "buy the dips" if all your money is tied up in investments already. Make sure to always have available funds in your coffers to deploy whenever the market gives you bargain discounts on good cryptos.

Coin Research Report - Elrond (EGLD)

Elrond (EGLD) is a cryptocurrency and blockchain platform designed to handle high volumes of transactions. The platform aims to prioritize scalability and low transaction fees.

The platform is designed to compete against major blockchains, such as Ethereum, growing an ecosystem of decentralized applications and cryptocurrencies. Users and developers pay to use the Elrond Network with the eGLD coin, which serves as gas for the entire ecosystem.

Elrond is powered by its native cryptocurrency, EGLD coin, which is used to interact with applications, send transactions, and incentivize actors supporting the network.

Elrond employs two unique features: Adaptive State Sharding and Secure Proof-of-Stake

Sharding is the process of splitting the Elrond infrastructure to support more transactions and programs and SPoS is the consensus mechanism devised to sync separate network components to a common ledger.