EddieJayonCrypto
8 Feb 23
• Andreessen-Horowitz co-founder, Marc Andreessen, shares the firm's crypto investment approach• Lido is about to launch v2 with their upgrade and it looks like the next level in DeFi• Indonesia is set to launch what could be the world's first state-backed crypto exchange• The Sandbox and Saudi Arab...
• Andreessen-Horowitz co-founder, Marc Andreessen, shares the firm's crypto investment approach• Lido is about to launch v2 with their upgrade and it looks like the next level in DeFi• Indonesia is set to launch what could be the world's first state-backed crypto exchange• The Sandbox and Saudi Arabia ink a memorandum of understanding (MoU) in a big ceremony• Shibarium is about to launch in 6 days and is promising big growth for SHIB• Kevin O'Leary pokes his head up and again states the obvious• As crypto firms are leaving the UK, their research into a CBDC mentions RippleI tend to look at the past. Then to the present. Finally I look at the future. Then I compile all of that to formulate my opinion. Now, we have all of that. Here is what is on my mind today.1. Andreessen-Horowitz co-founder, Marc Andreessen, says the firm is looking to work with sharp crypto founders that have the vision and the drive to make it happen. During his interview on The Lunar Society podcast, he said their approach to crypto investment is the same as with other investments and carry the same 15-20-year timeframe. He also went on to defend the NFT space. He likened the argument of them just being art to the buying and selling of tangible art like the Mona Lisa. His insight during the podcast are very interesting. 2. Lido surges 15% on the announcement of the v2 upgrade that will usher in more flexibility in validator models. If you operates nodes in the network, you will be able to quickly prototype different topologies. They believe the upgrade will also improve Ethereum's resistance to attacks by 51%. The new Staking Router smart contract also has the potential to reduce gas fees. This is yet another reason why Lido is on my watch list. 3. Back in December I told you how Binance was buying Indonesian exchange Tokocrypto. Previous to that, I told you how Mastercard was entering into a partnership with Fasset. No we are learning the rumors have been true. Indonesia is about to be one of the first countries to have a state-backed crypto exchange. This could be a gamechanger in the space. 4. For a while now I have been telling you about the moves Saudi Arabia has been making in the crypto space. From researching the effect of a possible CBDC to now cutting a Metaverse deal with The Sandbox. Because there were little details about the memorandum of understanding, I am happy to see how this all unfolds. 5. Are you paying attention to what is coming. In 6 days the layer-2 blockchain, Shibarium, will launch. With it will come the ability to handle transactions off-chain but with the security of the underlying Ethereum blockchain. The coin is already up almost 77% Year-to-date and I think there is a lore more to come from the project. 6. Kevin O'Leary, of Shark Tank and WonderFi fame, pokes his head up again after his FTX fiasco. If all he is going to do is talk about how Binance should be worried about regulators, I think he could have stayed quiet. He went on to say there are still a lot of worthless coins and projects. Thanks for that breaking news, Kevin! 7. The UK is interested in creating a CBDC. Inasmuch, they have published a consultation paper that mentions Ripple noting private sector innovation. This is in stark contrast to the lawsuit against the company brought by the SEC. Continuing on that trend, the often backward-facing SEC is now saying 2023 will see a heightened scrutiny of brokers shilling crypto.