EddieJayonCrypto
9 Dec 22
• SEC published new guidelines seeking to have companies report on the effect of crypto bankruptcies• Starbucks has launched the beta version of their Odyssey NFT platform on Polygon• Mister Flip-Flop says, "we keep conflating blockchain with the con."• Coinbase is urging customers to switch from Te...
• SEC published new guidelines seeking to have companies report on the effect of crypto bankruptcies• Starbucks has launched the beta version of their Odyssey NFT platform on Polygon• Mister Flip-Flop says, "we keep conflating blockchain with the con."• Coinbase is urging customers to switch from Tether (USDT) to USD Coin (USDC)• Kevin O'Leary says he lost $15M of his money on FTX, they also paid him $15M; isn't that a wash?• Core Ethereum developers have set the release of the Shanghai upgrade to March 2023So much news that speaks to the present and future of crypto. Here is what is on my mind today.1. The SEC published new guidelines on digital asset reporting. The agency wants companies to report on how bankruptcies, such as FTX, have affected them. This is an interesting move considering the SEC was asleep at the wheel during the FTX debacle. Not to mention the clear connection between the Chairman, Gary Gensler and people from FTX and Alameda Research. 2. Back on September 13th, I told you Starbucks was going to launch their new Odyssey NFT platform on Polygon. They have just launched their beta platform that rewards customer loyalty with NFT collecting and other game-like elements. This is very good news for both Starbucks and Polygon. 3. Mister Flip-Flop, Jim Cramer, has done it again, calling cryptos a big con. He says, "we keep conflating blockchain with the con." During his conversation with his colleague, Rebecca Quick, he was sure to not criticize Kevin O'Leary, who is also now a colleague. Instead he said Kevin "was simply embroiled in a “suboptimal situation." I think it is high time for Mister Flip-Flop to take a seat and for CNBC to stop giving him so much air time or at least make him stick to yapping about stocks. 4. In really big news Coinbase is urging customers to switch from Tether (USDT) to USD Coin (USDC). They have gone so far as to offer customer a fee-free way to do so. Before you go clutching your pearls I want you to first think about the relationships involved. Review my videos as a part of doing your own research. BlackRock does big business with Coinbase and Circle. 5. So, I am wondering how things are working out for Kevin O'Leary. He said he lost $15M during the FTX debacle. It just so happens that it happens to be the same amount he was paid by FTX to be a spokesperson. He had a $1M equity stake that he lost as a part of the bankruptcy filing and another $M that disappeared with taxes and agent fees. Hmmm. I am curious to what Kevin's real math is. 6. Ethereum core developers have set March 2023 for the release of the Shanghai upgrade. This upgrade will specifically enable withdrawals of staked ETH. I am waiting to see if there will be any other functionality implemented with this.