EddieJayonCrypto
25 May 23
Moves around the globe could usher in some serious impacts. Here is what is on my mind today.1. Something is going on in China and crypto could be the beneficiary. Apparently, China Central TV had a surprise broadcast that spoke about crypto adoption in Hong Kong. As I mentioned yesterday, this woul...
Moves around the globe could usher in some serious impacts. Here is what is on my mind today.1. Something is going on in China and crypto could be the beneficiary. Apparently, China Central TV had a surprise broadcast that spoke about crypto adoption in Hong Kong. As I mentioned yesterday, this would be a major shift in China's stance on crypto. It was such a big deal that even CZ, CEO of Binance, retweeted it. Amazingly enough, the video segment was removed. Chinese-speaking communities are still buzzing over since nothing like that would get broadcast without permission even if it was eventually removed. 2. European Central Bank Executive Board member, Fabio Panetta, says it is possible that central bank money would no longer be used if a CBDC is not developed. He also went on to say that a digital euro could be in play in as little as three to four years. In his interview with Les Echos, he stated the ECB would not have access to personal data and that meant fear of big brother oversight is unwarranted. Crypto is forcing governments to rethink their strategy for the control of money. 3. Bitpanda has partnered with Coinbase to offer European banks a solution for offering crypto to customers. In the deal, Coinbase will leverage Bitpanda's business-to-business infrastructure to connect to banks and fintechs directly. In another move, Coinbase has launched Wallet-as-a-Service (WaaS). The service is meant to allow businesses to reach customers more directly while also providing enhanced security features by using Multi-Party Computation (MPC). In short, Coinbase is making great effort at building out the infrastructure for crypto adoption. 4. On the heels of Ledger's current missteps, another wallet company has faltered. Apparently, crypto security firm, Unciphered, has demonstrated the hack of a Trezor T wallet with a 3-year old exploit. The firm is saying it is possible to extract the seed phrase from the T wallets. Of course, you must have some specialized equipment and access to the wallet. What this means is if there is a will, there is a way. 5. In another big wallet move, Brave has integrated Shiba Inu payments. The wallet leverages BitPay's protocol for integration. The wallet has enabled payments at over 250 retailers. Again, this is another move by the crypto industry at large to make it easy for people and businesses to adopt crypto.