welcome back everybody to altcoin daily there's a lot to talk about today in the world of
cryptocurrency in today's video i'm going to keep you completely informed so smash the like button
and let's start here number of bitcoin entities with less than one bitcoin have been growing this
on-chain metric shows a healthy upwards trend of smaller holders getting their share of the pie the
goal is to get bitcoin into the wallets of as many people as possible as quickly as possible i love
this and i don't think people truly understand what this means it's one thing to look at this
line going up that's great but it's another thing to try and comprehend how bitcoin ethereum crypto
nfts have been growing around the world by orders of magnitude and this story on cnbc highlights
that perfectly over 100 000 cuban citizens rely on bitcoin and crypto for their day-to-day
lives because they are banned from using payment services like visa like paypal in this video
which cryptocurrencies do you think businesses accept which cryptocurrency do you think people
are choosing to pay with what type of people in cuba are opting in to use nfts take a look at this
enlightening video into the culture of crypto in cuba especially pay attention to the end and then
we'll get into some other big stories of the day it may look frozen in time but cuba is embracing
the future it's cryptocurrency market growing exponentially an estimated 100 000 cubans now
use them thanks largely to the roll out of mobile internet three years ago cafe and nelson rodriguez
now accepts payments in bitcoin and ethereum i i like crypto because i believe in this philosophy
so as a first timer i'm hoping to pay for my meal ethereum send can i scan your keyword
most cubans can't use internationally accepted credit or debit cards because of u.s sanctions
paypal revolut and zell are likewise banned no problemo says this plucky entrepreneur
see you later we don't need you anymore that's the same behavior that the same way of thinking with
all these services okay you don't deliver services to me okay no problem i will use cryptocurrency to
expand my business but with the embargo tighter than ever international banks dealing with the
island have been hit by steep fines so even when the cuban state has the money to buy food
vehicles and medicines just making payments is a headache like most cuban artists ernesto cisneros
but last year he discovered non-fungible tokens or nfts he now makes them storing his music videos
and photos on a blockchain and sells them online the appeal of these new currencies and assets
their decentralization and anonymity tailor-made for busting sanctions you can't block to the
cubans they use of the cryptocurrencies that's uh that's a fact but it's still unclear how u.s
sanctions could apply to cuba's cryptocurrency market if you're if you're trying to do a crypto
transaction which gets around sanctions then it's the same process as getting around anti-money
laundering legislation so trying to do one without doing the other is seems to me to be
a kind of a critical issue in terms of working out how to do it in other news chipotle's buy the dip
promo includes 200 000 in crypto for customers coinbase accounts let's find out some details and
then let's actually play the game the fast casual chain kicked off a week-long promo today in which
it's giving away 200 000 in cryptocurrency and almost 2 million in guacamole and queso blanco dip
the online game by the dip runs through july 31st aka national avocado day over the course
of the week chipotle will give out crypto prizes of varying amounts to 560 players while some 700
000 others will receive vouchers for free food the cryptocurrency prizes which range
in cash value from 1250 to 35 000 will be awarded in bitcoin ethereum solana avalanche and dogecoin
will be deposited into verified winners coinbase accounts which they are required to claim them
let's play and i might edit this down a little just for brevity so click play now there'll be
three steps one hit start to make the line move two by the dip click buy the dip for a chance to
win prizes three did you win a prize you have 15 seconds to claim it or swap it for a chance it's
something new three tries start gonna buy the dip when should i buy how do i know should i be buying
should i press it should i press it i think i'm gonna have to press it i'm gonna press it
oh no i didn't do it okay let's try again start okay how do i know when to buy the dip
how do i know when i like i want the 35 000 i'm gonna maybe after it gets over
that line i'll buy the dip or right at the line i didn't press it okay i'm gonna buy
what all right one more one more one more chance i guess because i'm not sure like if in the comments
let me know what i'm doing wrong okay okay it's coming up it's coming up i don't know when maybe
i'll just let it go i think now i'm going to press it i'm going to press it once it gets
like low again okay it's getting kind of low i'm going to press it i'm going to press it in
maybe you'll have a better shot in other news the genie is out of the bottle my friends projections
for the future are looking good metaverse real estate sales to grow by 5 million by 2026. now
today the metaverse is janky it's a catch-all buzz term but over time more and more building is going
to occur more and more money is going to come in there are two big reasons why the metaverse
is going to grow to 5.36 billion by 2026 two big reasons number one first the metaverse
will gradually move towards a more mixed reality experience giving more value to these platforms in
which visitors can inhabit taking annotations and decoding tags for different application specific
purposes and two the second reason has to do with the popularity of cryptocurrencies which will make
this kind of property more approachable and easy to purchase in order to sell or rent allowing its
owners to obtain a passive income so janky today better tomorrow this is a growing trend get on it
in other news hey who likes layer ones who likes new layer ones curious what you think about this
new layer one blockchain aptos raises 150 million from ftx and jump crypto so this is a competitor
to ethereum to solana to cardano aptos labs a blockchain startup led by former meta employees
involved with the big tech giant's failed dm project has raised 150 mil to build quote
the safest most scalable l1 blockchain ever the broader cryptocurrency community has raised some
questions about the project's touted capabilities and the sum raised the critiques if we were to
boil them down for brevity's sake another hyped alt l1 eventually leading to dumping on retail
it's just all so tiring so obviously the cryptocurrency community is saying we have
viable l1s we have ethereum of course we have binance smart chain we have solana avalanche
cardano polka dot algorand oh this might be an old list tara's on it unless they're talking
about tara too but we have near we have cosmos so is something like this this is just going to be
a money grab time will tell but we are keeping you updated on everything involving crypto and
tomorrow my friends tomorrow is an important day the federal reserve will be making a big
announcement prepare for a two-day fed meeting which is expected to see a 75 basis point rate
hike this is starting on tuesday what you need to know is this on tuesday there is a two-day long
federal reserve meeting what are they expected to say well they're expected
to wrap up the meeting with the u.s central bank raising interest rates by another 75
basis points that officials have already upped benchmark short-term borrowing rates by 1.5
this year we know this including a 75 basis point increase in june the largest such increase in
nearly three decades they do this because the federal reserve considers doing this
its main weapon to curb growing inflation which will see interest rates the rate banks charge each
other for overnight loans increase to a targeted range of 2.25 to 2.5 meaning that pandemic era
support for the us economy is effectively coming to an end when the federal reserve rates goes up
this impacts the entire economy obviously making a lot of things more expensive the idea is that less
accessible borrowing will dampen consumer demand thus bringing inflation down interestingly though
u.s inflation has actually accelerated since the fed began raising rates in march
with surging prices for gas food rent capitulating the figure to a fresh four decade high of 9.1
inflation probably a lot more so big federal reserve meeting on tuesday going into wednesday
the expectation is we will see another 75 basis point rate hike the fed trying to curb inflation
as we know the federal reserve getting more responsible with their monetary policy sends
investable assets like bitcoin down in the short term the question is is this priced and or not the
low for bitcoin might already be in something like this might cause the load to come quickly either
way the low will be happening in the next six months in my opinion if it hasn't happened already
so this is something everybody in the world is keeping an eye on including people in crypto tell
me what you think will happen in other news hugo labs threatened with possible class action lawsuit
the suit likely will allege that hugo labs board ape yacht club nfts and apecoin are securities
that failed to deliver on promised returns so time will tell if you're in the board api club
community will you be participating in this class action lawsuit are you happy with the
way hugo labs has handled apecoin and their own metaverse just want to keep you informed on this
moving on to some other news cardano has reached a new height of network uptime new
milestone 160 days without an outage if you hold cardano this is information that you should know
well other networks such as solana i like solana but let's be honest they've been battling
with issues related to network stability cardano the largest proof-of-stake blockchain has been
actively running for 1760 days without an outage this serves as proof that cardano
is one of the most stable networks in the crypto industry according to cardano blockchain explorer
the cardano network has been up and running for relatively five years despite periods of
notably high load especially in 2021 when the blockchain project implemented its own
smart contract functionality a number of developers have been migrating to the cardano
network with their projects since smart contract functionality was rolled out on the network what
has clearly been attracting them is the fact that the network offers fast transaction processing and
relatively low fees it's also worth noting that the number of github commits for the project
reached 350 in june 2022 indicating that the network continues to undergo active development
it's also worth mentioning that the highly anticipated vessel upgrade has boosted the
popularity of cardano bringing more users to test out its features and also more features
should be expected once the significant hard fork releases on the main net coming up the crucial
upgrade promises an increase in the number of new solutions which will bring about the deployment of
more applications applications on the cardano blockchain hey bear market don't tell these
builders they continue to build and surely this is a reason to be excited about the cardano network
in other news and speaking of class action lawsuits this is much bigger than the yugolabs one
celsius and dokuan get hit with yet another class action suit by u.s law firm as the fallout caused
by blockchain company terraform labs and the cryptocurrency landing from celsius continues
to claim victims across the crypto ecosystem the involved entities have been taking the heat from
all sides including a class action suit by a united states firm it's braga eagle and squire
pc a nationally recognized stockholder rights law firm has announced a class
action lawsuit in a press release july 24th against terra against dokwan against three
euro capital celsius and other related personas and businesses at the u.s district court for
north district northern district of california so if this is something that would apply to you
seek these people out maybe you can get in on the class action lawsuit of course with class
action lawsuits it will hurt the wrong doers it will make the u.s law firm some money will
you get back your full money owed probably not but this is one way justice might be served of course
on a daily basis we keep you informed that's why you subscribe see you tomorrow my friends