EddieJayonCrypto
4 Jun 22
• Coinbase rug pulls new hires• Compromised Discord servers of BAYC and Otherside lead to 145ETH in NFTs being stolen• India is dead serious about killing crypto in their country• A bipartisan bill has been introduced that would compel US lawmakers to disclose their cryptoBig companies are crying ab...
• Coinbase rug pulls new hires• Compromised Discord servers of BAYC and Otherside lead to 145ETH in NFTs being stolen• India is dead serious about killing crypto in their country• A bipartisan bill has been introduced that would compel US lawmakers to disclose their cryptoBig companies are crying about crypto winter. I think the truth is they are using it as an excuse to fix bad decisions. Here is what is on my mind today.1. Let's start with the shit show that happened at Coinbase and other companies this week. I think it is disgusting that a company would rescind offers after people have accepted. I am pretty sure most of those people already gave notice to their previous employers. This is a real deal rug pull and I think it will leave a very bad taste in people's mouths. This is what happens when you plan poorly and get ahead of your skis, as they say. In Latin America, Brazilian exchange 2TM is also laying people off, about 90. I first told you about this crypto unicorn back in March when Coinbase was rumored to be looking to purchase them. Then, for some reason, the deal fell through. 2. Once again, we are hearing about compromised Discord servers. This time it was Bored Ape Yacht Club and Otherside that were hit. Unfortunately, there were 32 NFTs stolen, reportedly. This seems to happen a lot to Discord servers. I am wondering when companies will learn their lesson. 3. T. Rabi Sankar is the new Deputy Governor of the Nation's central bank. He just got there and he is already talking big game. He says CBDCs might 'kill' the rationale for the existence of private cryptocurrencies. He also underscored the Reserve Bank of India's stance that private currencies should not be permitted. I think this is definitive proof that India's position is to destroy the industry in their country. Polygon is trying to comply with their regulations, but I think they will simply keep moving the bar. 4. A bipartisan bill has been introduced that would compel US lawmakers to disclose their crypto assets over $1K. I think this is a good idea, but falls short. I think there are many ways for US lawmakers to be beneficiaries without directly holding assets. Don't get me wrong, I think this is a start, especially since it is a bipartisan bill created in a time where Republicans and Democrats are not working together.