EddieJayonCrypto
26 Jan 23
• Coinbase hit with $3.6M fine for non-compliance in Netherlands• Robinhood has Twitter, Instagram and Facebook accounts compromised by scammers• Goldman Sachs says Bitcoin is the best performer YTD; gold was 4th• Elizabeth Warren is gunning for crypto and backs SEC tactics• Nike announces $5K Web3 ...
• Coinbase hit with $3.6M fine for non-compliance in Netherlands• Robinhood has Twitter, Instagram and Facebook accounts compromised by scammers• Goldman Sachs says Bitcoin is the best performer YTD; gold was 4th• Elizabeth Warren is gunning for crypto and backs SEC tactics• Nike announces $5K Web3 contest for virtual sneaker designs• UAE researching virtual assets as it aims to reduce US Dollar dependence• Axie Infinity sees 48% uptick, but can it comeback from a backbreaking 2022?• BAYC sees big profits and Porsche NFTs sees a floor price comeback as NFTs are back in the spotlightGoldman Sachs says Bitcoin is the highest performing asset year-to-date. Here is what is on my mind today.1. The Netherlands has slapped Coinbase with a $3.6M fine for being non-compliant. I hate to say it, but this is not a bad thing. It says there is could be business to go through the compliance process. I want the company to be proactive when it enters markets. I hope this shot across the bow is a wake-up call for them to get on the ball when it comes to international compliance. 2. Robinhood confirmed their Twitter, Instagram and Facebook accounts were hacked and used to promote a scam. Although the breach was caught within minutes, it still points out a security flaw in one of their most powerful marketing tools. 3. If you are an investor, unless you have been living under a rock, you know of Goldman Sachs. Well, they just named Bitcoin as the world's best performing asset and they even published a chart showing the total return and risk adjusted return. I giggle when I see that gold ranked fourth in that report. Perhaps, Peter Schiff and Jim "Flip Flop" Cramer should take note. 4. What is on Elizabeth Warren's mind? Once again she is directing her ire toward crypto. At an event for the American Economic Liberties Project, she stated the SEC should basically sharpen its teeth as it bites into crypto. She thinks going after Kim Kardashian and other celebrities is more important than going after the people behind the banks that came oh so close to failing due to their decisions. I don't think anything went to jail stemming from that mess. 5. Nike creates a competition where the winner will receive $5K and a chance to collaborate with their designers for a one-of-one virtual sneaker. This is great marketing and I am sure they will get a lot of entrants. Working to help mature the Metaverse, I can see how virtual clothing will take off, albeit eventually. 6. The UAE expects digital assets to be a big part of the financial future, especially when it comes to international trade and is exploring crypto as it plans to reduce its dependency on the US Dollar. I find that to be interesting as the UAE had also announced it was registering to join BRICS along with Saudi Arabia. 7. Axie Infinity has already experienced a 48% gain as players start to return to the platform. This is great news for the Metaverse developer as it tries to continue making interesting games. They took a crazy hit last year, as did the rest of the crypto market, but they felt the brunt as gamers were none to satisfied with game play. I think that is something the project can overcome. Time will tell. 8. Bored Ape Yacht Club sees profits rise and Porsche sees the floor price of their NFTs rise 180%. Keep an eye on NFTs. I have been reporting for days that NFTs are experiencing a comeback. Not to mention we have not even scratched the surface of what can really be done with the technology.