Welcome to your bi-weekly crypto-verse update with Breach.

While Facebook's crypto career is still brewing, it has unveiled its first smart glasses, a wearable tech that allows users to listen to music, receive calls and take photos/videos to share on Facebook through a companion app.


Ray-Ban Stories - the product’s name - is part of Facebook’s long-term plan to launch augmented reality (AR) glasses.


In today's edition:

  • Is the Crypto-verse male-dominated?
  • MasterCard's venture into crypto
  • Fake news moves Litecoin price by 35%
The Movers
Bitcoin (BTC) - $44,856.17 (-6.67%)
Ethereum (ETH) - $3,134.50 (-8.34%)
Cardano (ADA) - $2.13 (-10.32%) 
Solana (SOL) - $140.04 (-13.40%)
Binance Coin (BNB) - $381.78 (-7.16%)
Ripple (XRP) - $0.96 (-10.78%)
*Data as of 11:00 am WAT on 20th, Sept 2021. Via Coinmarketcap
Is the Crypto-verse male-dominated?

A CNBC Report reveals that cryptocurrency might have a problem: not enough women. The survey conducted in America found that men are twice as likely to invest in crypto than women.


Of 5,530 Americans surveyed, 11% said they have crypto assets, of that proportion, 16% of male respondents invested in crypto, while 7% women did. Gender disparities are common in finance, and while crypto seems to always have the answer, the problem still persists.


Why women are less likely to participate in finance in general: The pandemic revealed that despite some progress, women still earn significantly less than men while taking on more household financial burden. Hence, women are more likely to be conservative with their finances.


Maybe it's the design?: The majority of tech and digital design jobs are dominated by-and, by extension, designed for men. Crypto-related jobs, for instance, are growing exponentially, yet a study found that only about 14% of blockchain startup employees are women.


Can the disparity be fixed? Yes: According to Gemini’s 2021 State of UK Crypto report, the gap is closing. Women make up 41% of the UK's current and previous crypto owners.


Experts argue that crypto and blockchain are unnecessarily complex, which weakens confidence, so platforms like Breach 👋🏾, working to make the industry less complex, will help shrink that gap.

MasterCard is digging Crypto

Mastercard has announced plans to revamp its crypto card program to allow customers to use Stablecoins to make payments. The goal is to enable traditional banks and crypto companies to offer cards to users transacting with digital assets.


What’s the tea?

In February, Mastercard unveiled plans to support payment in crypto at over 30 million supported merchants worldwide. Earlier, digital payments could only be accessed through third-party operators- which meant that merchants still had to convert their earnings to fiat coin. This new direction eliminates this tediousness. MasterCard customers can now pay using cryptocurrencies which MasterCard’s partners Paxos and Circle then convert to a stablecoin.


The old meets the new.

More than just simplifying payments, Mastercard intends to actively participate in the crypto ecosystem. In September, they acquired blockchain analytics firm CipherTrace for crypto compliance and security support. They've also been investing in the crypto space through Start Path, their fintech startup accelerator and partnership program.


The impact?

Potential positives for Crypto. As we have seen in the past (Value of Bitcoin dropped after Elon Musk’s tweets, for example), major events trigger swift changes in digital asset values. Also, expanding the spending power increases demand and could potentially be a major boost.

Fake news moves Litecoin price by 35% 

Litecoin rose by 35% for about an hour on the 13th of September, following a fake press release on Globalnewswire and carried by major news platforms. The value fell back to its regular range of $170 (+/-5%) once a Walmart Spokesperson confirmed that the news was not authentic.


Why the heavy moves? Financial asset values very often move according to market developments, and crypto is no different. Earlier this year, Dogecoin sank by almost 30% during Elon Musk's appearance on Saturday Night Live. The market's main reactors are investors who predict that values will change and want to cash out on it, and people who react to headlines. The latter often end up making hasty decisions that hurt them financially.


How to avoid anxious investment decisions: Research, research, research! Verify on the company website and/or social media. In the case of Litecoin, checking Walmart's main website could have saved hasty investors the trouble and funds. Don't be too quick to buy (or sell) your assets based on headlines.

The Breach Read List

  • The American Rock band 'Kings of Leon' have revealed that they are teaming up with SpaceX to become the first band in history to send a non-fungible token (NFT) into space aboard the Inspiration4 mission next week. The mission will be carrying one of the band’s songs and a gallery of digital art into orbit (Cryptodaily)
  • Doja Cat's first NFT just got on OneOf, a ‘green’ NFT platform designed specifically for music artists and fans (CryptoSlate)
  • Following El Salvador's example, a new bill in Panama aims to recognize Bitcoin as an alternative payment method and enable freedom to use crypto (Coin Telegraph)

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