EddieJayonCrypto
14 Oct 22
• Bitcoin firm NYDIG tells about 110 people to pound the pavement, cutting a third of its staff• Liverpool FC to launch avatar merchandise in Meta's avatar store• Senator John Hickenlooper tells the SEC and Gary Gensler they have an obligation to protect investors, promote responsible innovation and...
• Bitcoin firm NYDIG tells about 110 people to pound the pavement, cutting a third of its staff• Liverpool FC to launch avatar merchandise in Meta's avatar store• Senator John Hickenlooper tells the SEC and Gary Gensler they have an obligation to protect investors, promote responsible innovation and provide a clear framework• Is Elon being invested by the Feds? His attorney, Alex Spiro allegedly says Twitter executives are• Masercard's Raj Dhamodharan announced their 5 key areas of focus: cards, services, payments, crypto on Mastercard networks and the fifth is all about the Metaverse/NFTsThe investment life can be very interesting with things like companies getting a lot of money just to turn around and lay off staff. Here is what is on my mind today.1. After receiving $720M for one of their funds NYDIG just announced they are laying off one third of their staff. That's about 110 people that will be pounding the pavement as the holidays approach. I guess the deal they announced a few months ago isn't paying off just yet. Is this massive layoff the result of poor planning by management? 2. Meta is trying really hard to get their name seen in better light with this new deal with Premier League's Liverpool FC. The deal will launch merchandise for avatars in the amazingly named Meta Avatars Store. All I can say is wow. Just all kinds of wow! Add this to the news that Meta's Quest VR headset is said to harvest personal data right off your face. Most people don't read the fine print, but they should, especially when you drop $1,500 for a VR headset that is about steal your very essence that you will give them permission to whenever you use it! Thank you Kavya Pearlman for bringing this to my attention. 3. Things are getting hot for SEC Chairman, Gary Gensler. He received a letter from Senator John Hickenlooper stating the SEC has an obligation to protect investors, promote responsible innovation and provide a clear framework. The Senator is not alone in his thing. Man believe there needs to be a concerted effort by all necessary government agencies to create that regulatory framework. 4. They say where there is smoke there is fire. Well, there has been a lot of smoke swirling around Elon Musk and rumors he is being investigated by federal authorities for his conduct regarding Twitter. There was enough smoke that his lawyer, Alex Spiro, has alleged that is really Twitter executives that are under investigation. All I can say is I find it funny that not too long ago if Elon said anything about DOGE, it would pump. His Boring Company announced you will be able to make purchases with DOGE and it barely registered. Just sayin' what shiny today may not be shiny tomorrow. He is going to have to work if he wants DOGE to pump. 5. I have mentioned that Mastercard is taking a deep dive into the Cryptoverse. Well, Raj Dhamodharan, Mastercard’s Executive Vice President of Digital Asset and Blockchain Products & Digital Partnerships has noted five key areas of focus. Crypto cards, crypto services, payments, crypto running on Mastercard networks and the fifth is all about the Metaverse and NFTs.