EddieJayonCrypto
25 Jul 22
• IntelligentCom says 87% of parents surveyed have digital assets in their college savings portfolio• EU and US discuss EU's Markets In Crypto Assets (MiCA) and other crypto regulation• Audius was attacked last week and lost about $6M; they say they patched the exploit• Barclays invests in Copper's ...
• IntelligentCom says 87% of parents surveyed have digital assets in their college savings portfolio• EU and US discuss EU's Markets In Crypto Assets (MiCA) and other crypto regulation• Audius was attacked last week and lost about $6M; they say they patched the exploit• Barclays invests in Copper's Series C round of funding in its second crypto investment• Voyager rejects SBF's offer calling it a publicity stunt, undervalues the assets, and adds no value to Voyager customersAs this week starts off, my research will be attentive to anything going on with metaverses and centralized exchanges. Here is what is on my mind today.1. Cryptocurrencies are here to stay as parents incorporate digital assets into college savings. According to numbers provided by IntelligentCom in a survey of 1250 parents, 87% of parents saving for their children's college education have invested in digital assets. 2. A few weeks ago I told you about the EU's Markets In Crypto Assets (MiCA). Well, the US and the EU are discussing that and other things crypto in a joint forum. All things point to crypto being here for the foreseeable future (to say the least) and it is time to have serious conversation versus heavy-handed, inconsistent and spotty regulations. There is a long way to go when it comes to global crypto regulation. They had better get their act in line before it is too late. 3. Decentralized music platform Audius was attacked last week and lost about $6M. The team says they have identified the exploit used and have applied a patch. I think there is a good opportunity for Web3 white hats. I know there are a lot of companies in the space, but I think it has not reached its saturation point just yet. 4. Crypto custodial firm Copper seems to have had a successful Series C round of funding. The round includes the likes of Barclays (their second investment in a crypto-related company). This is a significant move as Copper provides services to over 400 clients and growing. Using proprietary technology, Copper connects 45 exchanges and provides settlements and other services to family offices and brokerages. You can easily see why a traditional firm would be interested. 5. You kind of knew it was coming. Voyager has rejected the offer from FTX saying the gesture was basically a publicity stunt that undervalues the assets in question and adds no value to Voyager customers. Of course, Sam Bankman-Fried shot back with why he thinks it is a good offer. His stance is that people would have to wait a very long time before receiving anything and his offer at least provides some liquidity now.,