EddieJayonCrypto
27 Oct 22
• Equifax thinks they should be involved in developing KYC for Web3• Polygon is on a roll being added to BitPay and being accepted at Panini America• Meta did miss and tank; here comes Twitter's new Musk world• Binance is looking to go head-to-head with Chainlink• US lawmakers sound alarm as former ...
• Equifax thinks they should be involved in developing KYC for Web3• Polygon is on a roll being added to BitPay and being accepted at Panini America• Meta did miss and tank; here comes Twitter's new Musk world• Binance is looking to go head-to-head with Chainlink• US lawmakers sound alarm as former government officials enter the Cryptoverse• CryptoCom and Gate.io join Binance, FTX and Huobi to build first city run centralized exchange for Busan, South KoreaThere is already so much going on that is driving the Cryptoverse up. Here is what is on my mind today.1. I think this is pretty funny that a company that was hit with one of the largest data breaches in history, Equifax, wants to help build a data privacy solution for Web3 projects. The y have entered into an agreement with Oasis Labs, a cloud privacy company, to develop and identity management solution for Web3 projects. I would want to see how rock solid this project is as it moves forward. 2. There has been a lot of positive news around Polygon. Most recently, you saw Reddit launch their platform on Polygon. Now, BitPay has added Polygon support. Added to that Panini America, a popular sports card and memorabilia company, will also be accepting Polygon payments. This is all great news, but there is definitely more to come. 3. Like I said, I was expecting Meta to miss and tank. True to form, Meta missed and has tanked over 20%. Revenue from their Metaverse division dropped $162M. They have lost their way and they do not have a clear vision of what their future is. Now we turn out heads toward Twitter and its new owner (or at least about to be their new owner). By this I mean I am watching DOGE! 4. Binance has rolled their own oracle service for the BNB chain, called Binance Oracle. This is a bold move that goes head-to-head against the reigning champion oracle, Chainlink. I think they have a long way to go to unseat Chainlink, but I think this is the first step in that direction. Remember, you are talking about the world's largest exchange. They have the money to grow beyond a solution for their own BNB chain. Just remember, many have tried and have fallen to hacks while Chainlink has thrived. 5. I am left scratching my head about the uproar of certain lawmakers' rancor over former government officials landing gigs with crypto firms. The idea is these firms have no idea what governments are going to do and need as much insight and direction as possible, but lawmakers like Elizabeth Warren are saying they are seeking favor with respective agencies. That may be true, but I think they are more looking to not get burned by regulations they didn't know existed or would apply to them. 6. CryptoCom and Gate.io have been tapped by Busan, South Korea to help create what could be the world's first city-run crypto exchange. This adds to the pool of exchanges involves to 5, including Binance, Huobi and FTX. I am thinking each of the exchanges will get together and create a space where they all share client data and make it easy for people to easily maneuver and trade their digital assets across them. I am interested to see how this plays out and what the end solution becomes.