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Health, Wealth, and Happiness

September 22, 2023

“My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.”



- Steve Jobs

Howdy investors!

Welcome to the end of the week. TGIF and all that.

Appropriately, we end this week talking about "ends." Or, at least, what might seem like an end.

Today we'll discuss how technology "winters" come to an end, leading to a fresh spring. You'll learn about the many "AI winters," and how they compare to our current "crypto winter. "

The takeaway? No matter how cold the winter, there's always a thaw.

Also, everyone in Washington has their version of how crypto regulation should play out. Controversial GOP presidential hopeful Vivek Ramaswamy is joining the fray, promising a "comprehensive crypto policy" by Thanksgiving.

Highlighting the need for crypto regulation (depending on how you look at it), stablecoin issuer Tether appears to be lending USDT again after it indicated it would cease this practice. Because Tether remains opaque about its lending practices, these loans could add risk to the crypto markets.

Keep reading to learn more.

Winter Leads to Spring

by John Hargrave

I am astonished by AI.

I currently use ChatGPT for everything: business ideas, dinner recipes, grammar tips, do-it-yourself projects, philosophical questions, medical research, math problems, coding help, and self-improvement.

It can seem like ChatGPT sprung up overnight. In fact, it attracted an estimated 100 million users justtwo months after launch – which may be the fastest growth of an Internet application in history.

Since then, however, it appears that growth has tapered off, which the Washington Post declared is “shaking faith in the AI revolution.” Governments are rushing to regulate the technology. An estimated 75% of companies are looking to ban AI.

For those who feel that we’re in the middle of another crypto winter, with bitcoin stuck at the $25,000 mark, and nothing moving forward except the FTX court case, it’s helpful to look at the history of AI.

Did you know that there have been AI winters?

Click here to read the full story >>

Must Read

Today's most important stories for crypto investors.

Dead NFTs: The Evolving Landscape of the NFT Market(dappGambl)

Investor takeaway:The Non-Fungible Token (NFT) market is known to be volatile, experiencing an early boom with $2.8 billion in trading volume in August 2021, only to decline to $80 million weekly traded value by July 2023.

According to a new investigation, it's been determined that most NFT collections are currently worthless due to inflated valuations and a lack of genuine buyer interest.

However, investors who didn't buy into the initial hype can remain optimistic, as the concept of an NFT may well have applications in several industries, making it a potential investment option down the line.

Presidential Hopeful Ramaswamy Pledges 'Comprehensive Crypto Policy' by Thanksgiving(Blockworks)

Investor takeaway: Republican presidential candidate Vivek Ramaswamy is formulating a pro-crypto regulatory policy in Washington, DC. He plans to present a comprehensive crypto policy by late November and seeks feedback from the crypto community to address regulatory gaps.

Of course, this follows many open-ended promises to eliminate several federal agencies, including the IRS and the Department of Education. Investors should take this claim with a massive grain of salt... but he is keeping the conversation going.

Tether Is Lending Its Stablecoins Again(The Wall Street Journal)

Tether Holdings has resumed its stablecoin lending, revealing $5.5 billion in loans as of June 30, despite earlier intentions to cease such practices. The company's opaque lending practices could pose potential risks to the crypto market due to uncertainties over loan repayments and the adequacy of collateral.

The lack of published audited financial statements leaves the company’s overall financial health unclear, and as such investors might be better served with stablecoins that publish fully-audited attestations of their reserves.

Best Stablecoin Interest Rates

The best rates for staking and lending stablecoins this week.

Click here to see our current rates, updated weekly.

Note: Nexo rates are dependent on your Nexo Loyalty Tier, which is based on the number of Nexo tokens held in your account. Your rates may vary.

Crypto Staking vs. Yield Farming: Generating Wealth on the Blockchain

Which gives you get the best returns?

Best Cryptocurrency ETFs for 2023

One fund to rule them all.

Technology Takes Time

Especially when it starts with “crypto.”

Best Bitcoin Mining Pools for 2023

Dig up your bitcoin treasure chest with these mining pools.

The Best Crypto Debit Cards for 2023

How to put your crypto on a card, then spend it like cash.

Blockchain Basics

Explain Like I'm 5

What is Blockchain?

The Quick Guide for Crypto Investors

Click to learn.

Bundle up. But dress in layers.

(Thanks to Coinmonks)

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