EddieJayonCrypto

 21 Nov 22

tl;dr

• BitcoinCom has launched the CEX Education Program• President Biden calls for stricter global crypto regulation• Bill Ackman turns heads by doing a 180 on crypto and even touts Helium and DIMO as interesting projects• Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, says...

• BitcoinCom has launched the CEX Education Program
• President Biden calls for stricter global crypto regulation
• Bill Ackman turns heads by doing a 180 on crypto and even touts Helium and DIMO as interesting projects
• Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, says crypto is "Just a tool of speculation and greater fools"
• Nexo gets slapped with a lawsuit in London High Court for allegedly hampering $126M in withdrawals
• Man Group, with over $138B in AUM, set to launch a crypto fund by the end of the 2022

Now is the time when you should be looking for news that can move things. Up or down doesn't matter as much as when. Here is what is on my mind right now.

1. I have not checked it out yet, but it is on the list. Bitcoin.com has launched the CEX Education Program. This is what the industry needs. There have been a lot devastating failures in the market The program is meant to educate people about DeFi and, hopefully, promote it at the same time. If you want adoption, you need to educate. This could be a good step in that direction.

2. President Biden participated in the G20 summit and issued a statement calling for tighter crypto regulation. By tighter, he means stricter. I think this could be a slight overreach by governments if they do not move pragmatically. I think the global industry needs consistency and transparency. Without a high level of international cooperation, we are going to be a long way off.

3. I had to do some more research to see if Bill Ackman's Twitter account was hacked. He was so much against crypto that his statement not only turning a 180, but also shilling two coins made everyone stop and scratch their heads. He knew what he was tweeting was going to give people pause and he even addressed it as he spoke Helium and DIMO. While the market reacts to its failures, big money is finding their way into the market.

4. Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, is quoted as saying, crypto "Just a tool of speculation and greater fools." He also said is was not useful for payments. Sometimes I wonder about people that are so deep into the existing financial construct that they cannot even consider other ideas.

5. It looks like Nexo was hit with investors suing them for allegedly blocking them form withdrawing nearly $126M in cryptocurrency. Apparently the incidents leading to the lawsuit happened way back in March 2020 and October 2020. The lawsuit was filed in London High Court back in October of this year. This has led Nexo to respond stating the filing is opportunistic.

6. With over $138B in assets under management, Man Group is about to launch a crypto fund by the end of 2022. This is a bigger deal than people may realize. First you had the heavy hitters getting into crypto and now you have strong middle tier players getting in. Pay attention to the money.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 23 Dec 24
 23 Dec 24
 23 Dec 24