McDonald's Has Your Bitcoin in a Swiss Bank
This week we cover why McDonald's has your Bitcoin, where to find the safest DeFi returns, and more!
Welcome to the WealthUnion Insider newsletter. Crypto news, financial market moves, & company spotlights.
What we're covering this week...
Where McDonald's is stashing your Bitcoin
How to find the safest DeFi returns
What Web3 infrastructure is (and why it's hot right now)
Fresh analysis on the crypto market in "Uptober"
The launch of WealthUnion Comics and a mysterious joke
Does Ronald McDonald Have Your Bitcoin?
He could if you are eating at a McDonald's in Switzerland. Recently, McDonald's started accepting Tether and Bitcoin as payment methods in Lugano, Switzerland. As a result, the area has become a hotspot for crypto adoption in Europe.
A video in a viral tweet from Bitcoin Magazine shows somebody ordering food on a McDonald’s digital kiosk and paying for it with Bitcoin. Check it out below!
The decentralized finance (DeFi) ecosystem has been growing since its inception in 2017. Today there are billions of dollars in Total Value Locked (TVL) within DeFi platforms.
DeFi's popularity has been mainly due to the myriad of high-interest earning options available on many DeFi platforms. But with high-interest rates also comes risk.
🤔 THIS WEEK'S CHAIN CHALLENGE
As of September 2022, roughly how many cryptocurrencies are there?
You'll find the answer later on in the newsletter!
Think of Web3 infrastructure protocols mainly as business-to-business services that power decentralized applications.
They provide the "technical stuff" that runs in the background, similar to cloud computing platforms like Amazon Web Services, but decentralized.
So what does Web3 infrastructure look like? Click here to read more.
"Timing, perseverance, and 10 years of trying will eventually make you look like an overnight success."
- Biz Stone
📈 THE TRADING CORNER
Last week Bitcoin broke the trendline holding it down since the all-time high. Then last Friday, Non-Farm Payroll (NFP) came in higher than expected at 263k vs. 250k, causing a sell-off in pre-market opening hours.We're looking to see if there is a reaction at the retest area. Will it be a bullish continuation or a break below the trendline? A bullish reaction could signal the low and end of the bear market, while a break below could mean a false breakout and continued crypto winter.
DXY (Dollar strength index) has been a good indicator of market reversals, and we are expecting a turnaround at current levels showing confluence as BTC approaches a potential reversal point. If we break below the 20-year resistance level at 109.81, we expect large buying pressure in crypto and traditional markets.
Major world economies are beginning to take action to control inflation for their native fiat currency, as the FED has, and this parabolic run in the US dollar will likely come to a halt.
How did you like the Insider content this week?
Chain Challenge Answer: 12,000As of September 2022, more than 12,000 digital currencies exist. You can’t buy them all on an exchange, but they are out there, somewhere.
🤪 JOKE OF THE WEEK
Knock Knock! Who's there? Satoshi Nakamoto.
Satoshi Nakamoto who?
You Will Never Know!
😂 COMIC OF THE WEEK
That’s a wrap for this week. If you want more, follow us on Twitter (@Wealth_Union)
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