EddieJayonCrypto
6 Jul 22
• Bitstamp introduces an inactivity fee to start August 1st and is hit with almost immediate user backlash• Elon-held The Boring Company says they will now accept DOGE as payment• Sam Bankman-Fried now thinks the crypto crisis has passed• Did you know Alameda Research owes Voyager almost $377M, seco...
• Bitstamp introduces an inactivity fee to start August 1st and is hit with almost immediate user backlash• Elon-held The Boring Company says they will now accept DOGE as payment• Sam Bankman-Fried now thinks the crypto crisis has passed• Did you know Alameda Research owes Voyager almost $377M, second only to 3AC• Ethereum merge is real close with only one more testnet left• NFTs have more utility than just cute little imagesThere is still a lot going on!1. So, let me get this straight. Centralized exchanges are not doing so hot and Bitstamp decides to create new fees for inactive accounts. Are you kidding me? Well, I am not the only one that thought it was a dumb idea. They caught major backlash from their users. Shocking! 2. The Boring Company will be accepting DOGE as payment. For those of you that don't know, it is, indeed, a company owned by Elon. Although that news came out today, I did not see any major movement of DOGE today. Maybe a delayed reaction? At any rate, even if there was a little pop, I don't think it would be sustained. 3. A couple of weeks ago I reported that Sam Bankman-Fried said the end of the crypto winter is near. Well, today he is saying the crypto crisis has passed. I don't see it just yet, but you have to keep in mind that he is privy to certain information that is not necessarily open to the general public just yet. 4. Want to know who the second largest debtor is to Voyager? According to the actual bankruptcy filing it is Alameda Research, founded by SBF. They owe Voyager almost $377M. Now, with that revelation, I really don't think there is much of a chance of a default by Alameda. I just found it to be interesting and kind of tells me why FTX was willing to extend a $500M credit line to Voyager. 5. The Ethereum merge is inches closer with the Sepolia trial run. The testnet executed the merge on its own and made the switch to proof-of-stake. This means there is only one more testnet left to go, Goerli. This is a major step toward the actual merge. I think the merge will be a higher level of activity on to Ethereum. 6. NFTs have a lot more utility than cute little images. Yeah, the images come with certain rights, but there are a lot more use cases for NFTs. Why do you think OpenSea, ebay and others are swallowing up NFT marketplaces? It is because they can see a bright future. NFTs are already being used to track fractional real estate ownership in Brazil. Take the single idea and extrapolate across the real estate industry. Pay attention to the groundwork that is being built.