EddieJayonCrypto
21 Jun 23
1. There is a new centralized exchange in town, and its name is EDX Markets. Backed by Fidelity, Citadel, and Charles Schwab, this new ventures received investment from them and a lot of other investment heavyweights like Paradigm and Sequoia Capital. For now, the exchange is only working with Bitco...
1. There is a new centralized exchange in town, and its name is EDX Markets. Backed by Fidelity, Citadel, and Charles Schwab, this new ventures received investment from them and a lot of other investment heavyweights like Paradigm and Sequoia Capital. For now, the exchange is only working with Bitcoin, Ethereum, Litecoin, and Bitcoin cash. Notice they are not on the SEC's list of alleged securities. Believe me, I am sure more will come, but there is a reason they are starting with these cryptos. Pay attention. 2. I was going to cover Deutsche Bank's entry into the German cryptocurrency space yesterday with their digital assets license application, but there were more important articles. This is still big news, especially when you start to keep a tally on how many more traditional institutions are making headline level moves like this one 3. It should not be news to anyone that the IMF is working on a global CBDC platform. I have been reporting just how much the IMF is opposed to crypto. By creating a global CBDC platform, they are merely staying in character. I am paying close attention to what the countries are doing versus what the world's traditional financial institutions are doing. Remember they were all against crypto. That is a huge 180 for a lot of these companies that once scoffed at the idea of crypto. 4. Although nothing is official, I am expecting some big moves from Alibaba with Joseph Tsai taking the helm. One of China's largest companies, Alibaba could be on the verge of getting into crypto. That is because Mr. Tsai is very crypto savvy and such a move could have a more than profound effect both in and out of China. There are going to be a lot of politics at play because of it, but I can easily see it happening. 5. The SEC could be forced to bring clarity to the table regarding crypto regulation. This is because the Third Circuit court says it is retaining jurisdiction in the Coinbase v. SEC case seeking the clarity. Although there is no decision now, the declaration clearly says there is no chance this case is going to easily go away for the SEC. the SEC may have to actually get up and do their job and stop stonewalling.