EddieJayonCrypto
30 Sep 22
• SEC takes it on the chin twice in courts and from CFTC• Warner Music Group cuts deal with OpenSea to pave the way for their artists• Swedish central bank, Riskbank, is exploring cross-border payments with Norwegian and Israeli central banks• BlackRock files for a Metaverse ETF• Epic Games making e...
• SEC takes it on the chin twice in courts and from CFTC• Warner Music Group cuts deal with OpenSea to pave the way for their artists• Swedish central bank, Riskbank, is exploring cross-border payments with Norwegian and Israeli central banks• BlackRock files for a Metaverse ETF• Epic Games making epic moves adding Solana's Star Atlas to the roster• MicroStrategy wants to build SaaS enterprise ecommerce platform using Bitcoin Lightning techThe SEC has been slapped in the mouth twice by judges having told them to hand over the Hinman papers. Here is what is on my mind today.1. So, judge number two has told the SEC to hand over the documents showing the statement by former Director Hinman stating Ethereum is a commodity. The statement was echoed by former Chairman Clayton. Current Chairman Gensler and his henchman have been fighting to keep those papers under lock and key. Well, Judge Analisa Torres is standing with Judge Sarah Netburn in ordering the SEC to produce the documents related to the 2018 speech. You also have the CFTC stating on Wednesday that Bitcoin and Ethereum are "digital commodity tokens". The SEC has been on the ropes for a minute, but this situation is the worst I can remember. 2. Warner Music Group has cuts a partnership deal with OpenSea. The focus is to pave the road for their artists to move into the Web3 space. The collaboration will provide all of their artists specialized support from OpenSea for upcoming NFT projects they may have. I am interested to see what happens from here. I also wonder if some artists would be more inclined to follow Snoop Dogg and his son in doing their own deals outside of the label. Then I think about what Prince did with his DVD and would love to see something like that moved to the Metaverse. OMG! 3. Swedish central bank, Riskbank, is exploring cross-border payments in a new project that includes partnerships with the Norwegian and Israeli central banks along with the Bank of International Settlement. The joint project will dubbed Project Icebreaker will explore how CBDCs can be used for cross-border retail and remittance transactions. I wonder how the future would work for SWIFT if their over 11K banks started working directly. 4. BlackRock has been on a tear in the Cryptoverse and new exchange-traded funds (ETFs) is the next step. Through their iShares vehicle they are creating Future Metaverse Tech and Communications ETF. As per their filing yesterday, they will be used to track companies with Metaverse exposure. Remember, where BlackRock moves others will follow. 5. Epic Games and my company, Rebel Visions Corporation are both involved with the Metaverse Standards Forum. Taking another big step in the Metaverse by adding Solana's Star Atlas to the roster, Epic Games is making epic moves. Someone asked if they are going to be a big player in the space. My answer is they already are and I am expecting a lot more. 6. MicroStrategy wants to build a software-as-a-service (SaaS) platform involving Bitcoin Lightning. They want to create an enterprise level ecommerce retail platform. This is a very interesting development.