News Bytes #077

Here is a compilation of some of the most informative news and information from the world of cryptocurrency. Analysts discover that it’s not just the young who are interested in crypto these days—older adults are also more interested. And Brazil is experiencing economic woes which are believed to be contributing to a growth in cryptocurrency tokens.

Top News-Bytes:

Analysts at British Bitcoin Banking App Find Older Adults More Interested in Crypto

Old aged man enjoying at the sea
Old aged man enjoying at the sea

It’s conventional wisdom that millennials are interested in Bitcoin, but British Bitcoin banking app Mode has compiled data suggesting that Bitcoin investments have doubled each month since February among older generations like Boomers and Gen-Xers. Read more.

Brazil Undergoing ‘Token Boom’ Amidst Struggling Economy

The flag of Brazil
The flag of Brazil

As the Brazilian real recently hit record lows against the U.S. dollar, Binance’s Brazilian representative reports that the number of Brazilians engaged in stablecoin trading has quadrupled since January. The two most popular stablecoins being transacted by Brazilians were Tether (USDT) and Binance’s own BUSD. Read more.

If you like this article, check out one of our previous in-house articles, “Digital Fiat vs. Cryptocurrency” by Census Open Finance.

Time for a Serious Conversation: Bitcoin as a Gift

Bitcoin as a Gift
Bitcoin as a Gift

It’s not easy to pick out a gift for someone you know, let alone someone you don’t. Bitcoin can be a versatile gift, since it can have all the flexibility of a gift card without being bound to any particular retailer. It can also be a thoughtful gift in and of itself for someone you know is curious about crypto, is interested in investing or if they use cryptocurrency on a regular basis. This article from Investopedia gives you a general lay of the land in terms of giving Bitcoin as a gift. The Census Note is a great option for combining a simple user interface with a secure, cold hardware wallet. Read more.

DeFi Yield Farming: Why It’s All the Rage But Risky

This is Episode 180 of the Unchained podcast. Host Laura Shin talks with Dan Elitzer, investor at IDEO CoLab Ventures, and Will Price, Data Scientist at Flipside Crypto, about the growing popularity of Defi Yield Farming and discusses the risks.

In-House Articles:

A Gift of Bitcoin

Can You Trust Crypto Credit Cards?

What is Yield Farming?

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News Bytes #076

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