EddieJayonCrypto
24 May 23
Are you paying attention to some of these big catalysts that are about to start hitting the markets?1. Ledger says they are putting their Recovery service launch on hold. Gee! I wonder why? They were the biggest hardware wallet on the market and, over the years, garnered a level of trust not enjoy b...
Are you paying attention to some of these big catalysts that are about to start hitting the markets?1. Ledger says they are putting their Recovery service launch on hold. Gee! I wonder why? They were the biggest hardware wallet on the market and, over the years, garnered a level of trust not enjoy by many other crypto-related projects and companies. Seemingly, overnight, they destroyed that trust. I am glad they are putting their plans on ice, but, for me, that trust may not ever come back. 2. Once again, Reuters reporting seems to be aimed at going after Binance. This time they are reporting that Binance is comingling customer funds. On one hand, I do not believe that is what is going on. I think Binance has so many hoops they have to jump through around the world that it would be difficult. What does bother me is that Binance has yet to go after Reuters legally. I am wondering if the lawsuit is coming. 3. Hong Kong seems to be making some huge moves. This time they have tapped Visa and HSBC to handle CBDC trials. The pilot will test 6 use cases. When I tell you they are moving fast, I mean they are moving really fast. They expect to be able to share the findings during their FInTech Week starting October 30th. 4. Coinbase is punching back at the SEC. As you recall the SEC, basically, ignored Coinbase's request for clarity. Coinbase is saying the SEC cannot avoid answering the petition. That is exactly what the SEC wants to do though. They cannot afford to answer it because it would have profound effects on how they currently regulate crypto. Ambiguity and confusion are major tools in the SEC toolbox. 5. I am expecting DOGE to take a bit of a nosedive given Elon has come out saying people should avoid betting their life's savings on crypto and DOGE. He did say that Dogecoin is his favorite crypto because it has the best humor. Interesting. 6. Jamie Dimon says investors should prepare for turmoil in the real estate market and surprise interest rate hikes. He says this is going to be a knock-on effect from the regional banking crisis and it could get worse. The Fed had targeted 5%, but it is possible they could instead look toward 6 or even 7%. As more and more companies prepare for a recession we could actually be looking at a self-fulfilling prophecy happening right before our eyes. 7. Ripple makes a big move in buying shares of Bitstamp. The $500M purchase comes with a seat on the Board. Ripple is looking at expanding and buying into a platform that has over 4M users across 100 countries gives that to them in a heartbeat. Keep watch. They are not done yet. 8. The Winklevoss Twins are making headlines with their moves to create a "Global Headquarters". So far, it looks like the UK could be the big winner in their push make major investments in the UK. They are actively scouting for locations for Gemini. Cameron Winklevoss says he can see the day where they have higher headcount outside the US than within. The great escape is confirmed.