April’s come, April’s gone! ⚡After how the market moved last month, we’re definitely hoping to see better performances in May ?
Just like every month, April saved some of the juiciest gists for the last week ?️. Check out who – or what – made the biggest moves in the market below:
Elon Did It! ?
People, Twitter officially has a new landlord ?. The favorite social media platform for us Crypto Bros was officially acquired by Elon Musk last week, and the billionaire paid $44 billion for it.
Elon has said that he won’t change how Twitter works – although he has some new ideas about how the app should function ?. So, our crypto convos can still hold on Twitter while we wait to see what The Dogefather has in store for it!
Apes Gone Wild ?
Everyone loves some Bored Ape non-fungible tokens (NFTs) – even hackers ?. Last week, some really crafty hackers broke into the official Bored Ape Yacht Club Instagram Page and stole up to 100 NFTs in a phishing scam ?.
Considering that one bored Ape goes for about $400,000, these hackers probably made away with a lot of cash. Guys, please remember to always keep your coins and NFTs safe. Here’s a post you can read to help you out ✅.
The El Salvador Effect ?
When El Salvador made Bitcoin legal tender last year, everyone was checking out who could be next. Well, it looks like we have an answer, and it’s even closer than you think ?.
Last week, the Central African Republic (CAR) became the second country in the world to adopt Bitcoin legal tender ?. The country’s government confirmed that people and businesses can now use Bitcoin for payments, along with their official currency – the CFA Franc.
So, we’re asking again. – Who’s next? ?
Retire On Crypto ????
Still doubting that you’re owning a piece of the future when you hold crypto? Well, guess again. A few weeks ago, we reported that a lot of American millennials are now using crypto to save for their retirement ?.
Last week alone, Fidelity Investments launched a crypto retirement product for its employees. MicroStrategy is also doing the same thing and allowing employees to use crypto-based retirement plans. What’s your company waiting for? ?
Dreams Cost Money Too ?
So we all know that Meta (formerly Facebook) is trying to get everyone to live in the metaverse. But, their dream of a virtual reality world is off to a bit of a rocky start ?.
Last week, Meta reported that its Reality Labs – the division responsible for metaverse-related stuff – posted a loss of $2.9 billion in Q1 2022 ?. They’re betting on better results in the future, so let’s wait and see what they’ve got in store.
