EddieJayonCrypto
25 Jan 23
• Apple VR is about to hit Decentraland• Nieux Society turns to NFTs for their new access pass to be used during Mardi Gras• The EU is doubling down on wanting tougher rules against banks holding crypto, Saudi Arabia moves forward with CBDC research• Blatant power play by Gensler proposing new rule ...
• Apple VR is about to hit Decentraland• Nieux Society turns to NFTs for their new access pass to be used during Mardi Gras• The EU is doubling down on wanting tougher rules against banks holding crypto, Saudi Arabia moves forward with CBDC research• Blatant power play by Gensler proposing new rule "Regulation Best Execution" to take over crypto• Circle says SEC killed its plans to go public via a SPAC by not signing off on the deal• Bitcoin ATMs are all the rage with Bitcoin Depot adding 440 more retail locations and BitStop buying Genesis Coin who powers over 35% of global Bitcoin ATM transactions• Visa is working on a number of CBDC projects…not surprising Apple is going to launch their VR in Decentraland and bringing their huge ecosystem into Web3 later this year. Here is what is on my mind today.1. In a major move Apple is about to launch their VR in Decentraland. I am expecting MANA to take off when that happens later this year. The addition of the Apple ecosystem to Decentraland could be a serious gamechanger. 2. Mardi Gras is about to enter Web3 by using NFTs are gate passes. This could wind up being a really good marketing and gate management tool for Nieux Society. We have seen NFTs used like this in restaurants in NYC and other places. I keep telling people NFTs offer a wider range of use cases than just passing artwork around. 3. The EU is staying its course of trying to ostracize crypto from traditional banking by seeking stronger and even more stringent rules against banks holding crypto. France has put its own crypto licensing regulations on hold awaiting one from the EU. In the long run, I think this Is going to hurt the EU economy. In light of what is going on with BRICS, I think the EU should pick other battles. 4. Gary Gensler has been is still on a major power trip. First you hear how the SEC wrecked the SPAC deal to take Circle public. Then you learn that Gensler puts forward a new rule names "Regulation Best Execution". The rule proposal would give far more power to the SEC over crypto and we all know the SEC is not a fan of the Cryptoverse. I think giving him and the SEC more power over crypto would be to the detriment to the industry and hamper growth and innovation. 5. Bitcoin ATMs are becoming all the rage. Bitstop buys Genesis Coin, the operator behind 35% of the industry's transactions, and Bitcoin Depot announces the additional of over 440 retail locations across the united states. The machines offer people a way for them to flip fiat into crypto. 6. Visa's CEO, Alfred Kelly, says they are working on a number of CBDC projects. I struggle with CBDCs. If you are a government, it makes sense to enter the digital age with your currency. I guess that is why Sadi Arabia is looking into the benefits and pitfalls for a CBDC in the kingdom. From a crypto perspective, CBDCs are an effort that will eventually end as a failure given what already exists.