tl;dr
• The China lockdowns and protest amount to an ongoing macro event with global impacts• Joseph Lubin, CEO of ConsenSys, is not doing a good job at downplaying MetaMask's privacy changes• Terry Duffy, CEO of CME Group, had a major flub while being interviewed on the Fox entertainment channel• Regulat...
• The China lockdowns and protest amount to an ongoing macro event with global impacts
• Joseph Lubin, CEO of ConsenSys, is not doing a good job at downplaying MetaMask's privacy changes
• Terry Duffy, CEO of CME Group, had a major flub while being interviewed on the Fox entertainment channel
• Regulation through enforcement is big business as SEC sees windfall from penalties and restitution of $6.4B compared to $3.852B in fiscal 2021
• PSA: data from 487M WhatsApp accounts are being sold on the dark web; be mindful of crypto offers
Unlike the stock market crypto never sleeps and that means there is always research that can be done. Here is what is on my mind today.
1. The China lockdowns and protests are a macro event that is affecting several companies, including Apple. Don't think it won't have an effect on the crypto space. It is an economic event that will reach far. Remember, it was part of the global logistics problems that helped to create the perfect economic storm that forced prices to skyrocket.
2. I think Joseph Lubin, CEO of ConsenSys, is not doing a good job at downplaying MetaMask's change in it privacy policy and privacy practices. He is saying if you use Infura (their product) as your default RPC (remote procedure call) provider your IP information will be collected by MetaMask. But, if you use another RPC they will not collect your information. I am annoyed even more since the general public has no idea what an RPC is, let alone how to change. Worse yet, which one(s) they should change it to. He also tried to say it is temporary. You changed your damn policy! How is it temporary? How long will the new practice be in effect? There are simply too many questions for me to be bothered. They have lost my trust.
3. Did the head of CME Group, a traditional exchange, slip up and say he bribed a CFTC official? The truth us he was being interviewed by Tucker Carlson on Fox, an entertainment company, and made the statement. I am pretty sure there are going to be a number of people asking whether it was flub or fact. The topic was FTX and why Gary Gensler and the SEC were absent. Terry Duffy, CEO of CME Group, said he wasn't sure, but said "…my regulator at the CFTC I bribed, I asked them why in the world are you invoking the Commodity Exchange Act, section 5, paragraph B…?".
4. The SEC sees a windfall by way of penalties and restitution imposed on behalf of investors to the tune of $6.4B compared to fiscal 2021's $3.852B. “I continue to be impressed with our Division of Enforcement.", says Gary Gensler. I guess regulation through enforcement is big business.
5. As a PSA, it is said that 487M WhatsApp addresses are going to be sold over the dark web. The data is said to contain information on users from the US, UK, Germany, Russia and other countries. I was wondering why I was seeing so many commercials for the meta-owned app touting its privacy. They just left out the idea that hackers already got the data.