Dave's Daily Crypto Take

DDCT #81 - 11/15/2021 (Why You Absolutely Must Invest In The Metaverse)


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#Bitcoin #facebook #metaverse


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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://ambcrypto.com/bitcoin-how-a-possible-market-reset-could-pan-out/


Bitcoin: How a possible market reset could pan out



After hitting an all-time high of $69k on 10 November, Bitcoin has been seeing a lot of consolidation, moving within the $61.5k to $65.7k range.


However, price consolidations after an ATH aren’t something the market naturally worries about. Even so, in the case of BTC, there seems to be considerable pessimism.


Nonetheless, the Bitcoin network finally activated the much-anticipated Taproot update. It was one of its most significant updates since 2017. So, hopes of a higher ATH have been really reignited. Ergo, with the upgrade now live, it’s the perfect situation to gauge the market structure and analyze where the top coin’s price could go from here.


https://www.cryptopolitan.com/litecoin-is-accepted-anywhere-visa-is/


Litecoin is accepted anywhere with VISA payment services


Litecoin tweets that LTC is accepted anywhere VISA is.

Users are confused whether its means that the Litecoin VISA card will be available worldwide or not.

LTC is trying to get back to its previous ATH with wider adoptions.

Litecoin, the open-source altcoin continues its significant partnership with VISA. The altcoin will now be accepted anywhere VISA is. It means that users can now use Litecoin to pay for any services or products that accept VISA card payments. This includes retailers, online shopping, restaurants, digital services, and so much more.


The official VISA debit card issued by Litecoin will convert the cryptocurrency into US dollars in real-time. There will be no additional transaction fees or deposit fees for using this VISA debit card, only a flat monthly fee of $5. 


https://www.theguardian.com/commentisfree/2021/nov/14/exclusive-clubs-called-daos-are-popping-up-online-whats-it-all-about


Exclusive clubs called ‘DAOs’ are popping up online. What’s it all about?


Ihave seen the light, and I was not convinced. This month, I was invited to a party hosted by Friends With Benefits, an exclusive club of artists and investors who have access to a private chatroom on Discord and parties in cities like Miami and New York. The image has a subversive sheen: techno DJs and venture capitalists in ripped designer jeans throwing secret raves. The club’s “manifesto” describes a “bright future” for the “ultimate cultural membership” where “prosperity is abundant” and “data and payments are fluid”, just like gender.


Friends With Benefits was founded in 2020 by Trever McFedries who, after bringing the VR popstar Lil Miquela into the world, had higher ambitions than animating a robot to make out with Bella Hadid in an underwear commercial. “Capital as a weapon is intriguing to me,” said McFedries in a YouTube speech. Having seen Occupy “fail miserably” while GameStop “toppled a hedge fund in four days”, he set his sights on creating a DAO.


https://ambcrypto.com/taproot-bitcoins-latest-upgrade-is-now-live/


Taproot, Bitcoin’s latest upgrade, is now LIVE!


Taproot is a soft fork to the Bitcoin network, one that will improve scripting capabilities and privacy. It also enables something called Merkelized Abstract Syntax Tree (MAST). According to Taproot.watch,


“[MAST] can help make smart contracts more efficient and private by only revealing the relevant parts of the contract when spending.”


https://www.forbes.com/sites/kenrapoza/2021/11/14/why-you-absolutely-must-invest-in-the-metaverse/?sh=100f85913a9b


Why You Absolutely Must Invest In The Metaverse


Since Mark Zuckerberg announced on October 28 that Facebook would now be known as the Meta Platform, or simply Meta, its share price has risen by more than 9%, which is more than double what the Nasdaq NDAQ +1.1% has done. 


If you don’t know what the Metaverse is – think of it as a virtual world. There are many types of virtual worlds. Facebook wants to be the biggest one. Say what you will about Facebook’s foray into the metaverse (they’ll probably censor people in these new parallel universes), Zuckerberg’s move into this space shows that within the Big Tech juggernauts, this guy is ahead of the curve.


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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Dave's Daily Crypto TakeBy Dave D