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Issue #029 Crypto Y’all Investor Report

Oct 31, 2022

Investor Report

Issue #029

October 27, 2022

Crypto Y'all Investor Report

Eye-Popping Crypto News!

UK Now Recognizes Crypto as Regulated Financial Instruments

The UK’s citizens have been dealing with a lot of issues lately on top of their economy declining.
Rishi Sunak has now taken over the position of Prime Minister and is pro-crypto, as he envisions making the UK a crypto innovation hub.

Warren Buffett Backed Nubank Picks Polygon for Web3 Token

Polygon (MATIC) rose by nearly 6.5% four days after Nubank confirmed their selection. The official announcement is that, "Nubank plans to airdrop the digital token to its customers in the first half of 2023..."

Crypto Projects Taking Music Into Web3.0

We all know by now that there are hundreds of NFT projects happening these days but there are only a handful that create value in the music industry. Here are three of interest.

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Coin Research Report - XRP (XRP)

First off, is it Ripple or XRP and are they the same thing? These are questions often asked and the company is insistent that the two entities are separate. XRP is a cryptocurrency while Ripple is a for-profit company that helps promote and develops XRP, the software behind it (the XRP Ledger) and numerous other transaction-focused projects. We'll focus more on XRP here.

XRP is described as being faster, cheaper, and more energy-efficient, mainly due to its consensus protocol. . It uses the XRP Ledger to "power innovative technology across the payments space."

To verify transactions, the XRP cryptocurrency employs a consensus system involving several bank-owned servers. Validators verify that proposed transactions are valid by comparing them to the most recent version of the XRP Ledger. A transaction must be accepted by the majority of validators to be verified.

Good investment?