What a week it has been. Tom Brady, the NFL ace who has been getting his teeth into numerous crypto ventures, has done it again – well, sort of. During a game for the Chicago Bears, he threw 600 touchdown passes and Mike Evans, the teammate who caught the ball handed it to a fan, not fully understanding the significance of the item.
Later, Brady asked for the ball back and the fan agreed to give it up in exchange for a round of golf with Brady. Well, Brady sort of agreed to that as well, but ended up giving the fan 1 Bitcoin (BTC), worth $60,900 at today’s value.
As BTC’s value continues to soar, many people are turning to the digital asset with a mix of understanding, trepidation or downright skepticism. Well, the latest initiative by Mariah Carey seeks to dissipate mistrust and introduce more people to BTC.
In a partnership with Gemini, the singer is looking to raise awareness for the currency, and she may be trying to also get more women involved with crypto, as currently, 90% of all crypto holders are male, based on data by Google Analytics.
Not all has been festive this week, unfortunately. CryptoEats, an ill-meaning “rug-pull” scheme promised to bring its early-day investors and users a hot takeaway meal, but left them with nothing but a bitter aftertaste after it transpired that the whole thing had been a scam.
The platform disappeared immediately after it collected $500,000 from investors and left many actors and influencers who had helped it build up its profile feeling regret and embarrassment. Speaking of slumps this week, Elon Musk, a friend of meme coins, said that “Ethereum, Bitcoin and Dogecoin” were the only crypto that mattered. Despite shunning, Shiba Inu, Dogecoin’s hopeful cousin, his contrarian comments seem to have had little impact on SHIB’s value, which continued to climb.
Based on data by CoinMarketCap, SHIB has successfully outpaced DOGE in terms of total market capitalization in what could be best described as a “fool theory”, as recently shared by CNBC Mad Money host Jim Crammer.
Naturally, the dip in DOGE’s momentum has impacted the results of some trading companies, including Robinhood which posted much more modest results in Q3 2021. Robinhood knew that its reliance on DOGE could not continue indefinitely, and the company is scrambling to look for alternative options.
Meanwhile, Steam blockchain developers have rallied against Valve in an open letter asking of the company to reverse a sweeping ban on any games that contain blockchain technology, and specifically NFT. Meanwhile, crypto companies are not slowing down and they are more determined than ever to make headlines.
FTX, a popular crypto exchange, that is pushing aggressively in the US has bought a Super Bowl ad slot to bring its product and brand message to more potential customers.
This was your week in crypto, and now, don’t hesitate to hop over to any of the leading crypto gaming websites out there and give them a go. Bitcasino, 1xBit and FortuneJack are all worthwhile choices.
