#Bitcoin #Cryptostaking #KevinOleary

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Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.cnbc.com/2021/11/11/kevin-oleary-says-his-crypto-holdings-today-are-almost-at-10percent-how-he-decides-which-to-invest.html

Kevin O’Leary says his crypto holdings today are ‘almost at 10%’—here’s how he decides which to invest

During a Reddit Talk session on Thursday, “Shark Tank” investor Kevin O’Leary said that his cryptocurrency exposure is near 10%.

“I’ve grown the portfolio remarkably,” O’Leary, chairman of O’Shares ETFs, said. “At the beginning of the year, I was at 3% weighting. The target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we’re almost at 10% today.”

https://futurism.com/the-byte/us-government-nfts-illegal

THE US GOVERNMENT SAYS THESE NFTS ARE NOW ILLEGAL

Non-fungible tokens, better known as NFTs, have rocked the worlds of both blockchain and art this year, while generating endless new debates about everything from money laundering and fraud to what it really means to “own” a digital asset.

And now the drama’s getting even deeper, with the US government’s Office of Foreign Assets Control declaring this week that numerous NFTs, and even one entire exchange, are now verboten.

https://ambcrypto.com/few-reasons-why-ethereum-decoupling-from-bitcoin-might-have-to-wait/

Few reasons why Ethereum decoupling from Bitcoin might have to wait

Ethereum has comfortably established itself above the $4500-mark, while Bitcoin continues to trade north of $65000. Now, even though the top two assets have more or less similar quarterly ROIs, BTC charted 49% three-monthly ROI v. USD while ETH reaped 55% ROI over the same timeframe.

Here, it can’t be denied that Bitcoin has largely been the driving force behind the crypto-market’s gains.

https://lifehacker.com/why-a-crypto-rewards-credit-card-is-probably-a-bad-idea-1848034042

Why a Crypto Rewards Credit Card Is Probably a Bad Idea

With crypto rewards cards, a small percentage of your purchases can be redeemed for cryptocurrency instead of cash back or points redeemed in a rewards portal. But just because you can combine your credit card rewards with cryptocurrency speculation, doesn’t mean you should, as less risky cash back redemptions might offer you more value in the long run.

https://theface.com/life/what-is-staking-crypto-bitcoin-cryptocurrency-ethereum-altcoins-tokens-digital-finance

What is “staking crypto” and how does it work?

If you’ve been following crypto, you might have heard about staking. Whether in relation to Ethereum’s upgrade (Ethereum 2.0) or across smaller coins that make staking a big part of their set up – eg Cosmos, Cardano, Polkadot and Solana – its fast becoming a more mainstream aspect of #cryptolife™.

Yeah, so what is crypto staking then?

Staking is sort of an evolution of bitcoin mining, the process that makes bitcoin’s blockchain work. Mining is a mechanism known as Proof of Work (PoW) where the quickest computer to complete the task (such as processing a translation or adding data to the blockchain) gets rewarded in crypto. This means every computer on the network is constantly scrambling to try and complete things first, which uses a lot of energy. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

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