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LensLinks - Issue 6

LensLinks - Issue 6

A blockchain news roundup, brought to you by Regiment LLC

Len Pacek
October 11, 2022

Today in LensLinks:

Musk Targeting Twitter "X" app - What is it? Hint: Think WeChat
Star Atlas Closes $2M Public Token Sale
Portugal to Move to First Crypto Tax?
Is "Meta's vision for VR a Worse Version of the Past"?
Could Bitcoin Hit $250K? - Mark Yusko Thinks so...
And much, much more...

QUOTABLE...

“Most Chinese live on WeChat because of its usefulness and helpfulness to everyday life. It would be a great success to achieve something similar or close for Twitter.”

- Elon Musk

NOTABLE...

Elon Musk wants to build X-App for 8 billion people

Tesla CEO said his long-term vision for Twitter is to create a new app named X. Additionally, he'd look to make X a 'super app'

https://www.crypto-news-flash.com/elon-musk-wants-to-build-x-app-for-8-billion-people-will-ripple-xrp-or-ethereum-eth-be-the-currency/

The world’s richest man says his Twitter purchase is an accelerant to developing the X app.
Analysts predict Musk will face severe challenges in achieving his vision for X.

Metaverse & Gaming

Solana-Based Metaverse Gaming Platform Star Atlas Closes $2M in Public Token Sale

Blockchain-based metaverse gaming platform Star Atlas has closed $2 million in a public token sale, adding to the $41 million in sales it has already raised in NFTs. These NFTs and native Atlas tokens will be issued in Star Atlas’ play-to-earn gaming platform.

https://www.coindesk.com/video/solana-based-metaverse-gaming-platform-star-atlas-closes-2m-in-public-token-sale/

Blockchain, Tokens & DeFi

Billionaire Chamath Palihapitiya Predicts One Crypto Sector Will Financialize Every Single Asset - The Daily Hodl

Billionaire venture capitalist Chamath Palihapitiya says one sector of the crypto industry will be responsible for monetizing all assets and putting them on the blockchain.

https://dailyhodl.com/2022/10/09/billionaire-chamath-palihapitiya-predicts-one-crypto-sector-will-financialize-every-single-asset/amp/

In a new All-In podcast, the Social Capital CEO predicts that people will eventually find a way to tokenize all of their assets and possessions in an effort to capture value.

Crypto Trading

Portugal Moves Closer to Taxing Individuals on Short-term Crypto Gains

If the budget passes as is, Portugal will no longer be one of the last countries in Europe to give crypto gains the tax-free treatment.

https://blockworks.co/portugal-moves-closer-to-taxing-individuals-on-short-term-crypto-gains/

Portugal’s days of tax-free crypto gains may soon be over
In its budget proposal for next year, the country is tackling a rising deficit and slowing GDP growth

Metaverse & Gaming - A Little More...

Meta's vision for the future of VR is a worse version of the past

Meta keeps saying VR is the future, but everything it shows us is an inferior rehash of the things we already have.

https://techcrunch.com/2022/10/11/metas-vision-for-the-future-of-vr-is-a-worse-version-of-the-past/

The 6 Best Courses to Learn Metaverse Skills

Interested in building a career in metaverse? Here are some of the best courses you can take to develop valuable metaverse skills.

https://www.makeuseof.com/best-courses-to-learn-metaverse/

Blockchain, Tokens & Defi - A Little More...

Hedge Fund Veteran Mark Yusko Doubles Down on $250,000 Bitcoin Prediction Despite Steep Correction – Here’s Why - The Daily Hodl

The managing partner of cryptocurrency hedge fund Morgan Creek Digital is not backing down on his big Bitcoin (BTC) prediction.

https://dailyhodl.com/2022/10/10/hedge-fund-veteran-mark-yusko-doubles-down-on-250000-bitcoin-prediction-despite-steep-correction-heres-why/amp/

Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations – Bitcoin News

On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase.

https://news.bitcoin.com/sleuth-discovers-satoshis-long-lost-bitcoin-version-0-1-codebase-raw-code-contains-bitcoin-inventors-never-before-seen-personal-notations/

Why Celsius Doxxed Hundreds of Thousands of Users

It was a court order, which the crypto lender seemed to have pushed back on.

https://www.coindesk.com/layer2/2022/10/10/why-celsius-doxxed-hundreds-of-thousands-of-users/?outputType=amp

Crypto Trading - A Little More...

Bitcoin holds steady around $19,000 amid growing signs of institutional adoption

Bitcoin on Tuesday continued to float in the $19,000 level as investors await CPI data and institutional interest grows.

https://www.cnbc.com/2022/10/11/bitcoin-holds-steady-at-19000-amid-growing-signs-of-institutional-adoption.html

Bitcoin mining difficulty hits record high, and Huobi founder sells entire stake: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Arjun Sethi of Tribe Capital discusses investing in early-stage crypto projects and the outlook for more crypto businesses going public.

https://www.cnbc.com/video/2022/10/10/bitcoin-mining-difficulty-record-huobi-founder-sells-stake-crypto-world.html

ESG (Environment, Social & Governance)

Galaxy Digital report shows 68% of carbon footprint is bitcoin mining

Galaxy Digital has released its first-ever sustainability report, revealing that 68% of the firm’s carbon footprint comes from its bitcoin mining operations.

https://ca.finance.yahoo.com/news/galaxy-digital-carbon-footprint-bitcoin-mining-112656050.html

The investment firm’s report reiterates its longer term goal of using over 80% mix of sustainable energy in its bitcoin mining that it first committed to in its Q1 earnings announcement in February.

It also raises the bar for sustainability and transparency among other crypto firms as the industry reels from losses.

Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.