tl;dr
• So, Ryoshi has left the building• Polygon is stepping up their Know Your Customer (KYC) game for all collaboration projects in India• As much as I like Solana's potential, they have been failing to realize it; they crashed again• Citing a crypto winter, Gemini is going to lay off 10% of its staff•...
• So, Ryoshi has left the building
• Polygon is stepping up their Know Your Customer (KYC) game for all collaboration projects in India
• As much as I like Solana's potential, they have been failing to realize it; they crashed again
• Citing a crypto winter, Gemini is going to lay off 10% of its staff
• Working with Flexa, Chipotle customers can now pay with BTC and DOGE
There have been some big things going on. Here is what is on my mind today.
1. In case you didn't know, I am a fan of Shiba Inu. I believe in the project. Some people are freaking out about the exit of Ryoshi, a founder of the coin. Founder, but not lead developer. A loss to the project, sure, but a big impact, no. I have been reporting the project has been making some quiet moves toward increasing utility. I still think the project has great potential. Even my company has plans for its use. In this case, I would say, don't listen to the naysayers because they are the ones that are probably not holders or users of the coin.
2. Polygon is stepping up their Know Your Customer (KYC) game for all collaboration projects in India. The regulatory bodies in India are rigid in their approach to crypto (watch my previous posts on India and their brain drain problem). Polygon wants to be compliant with the KYC standards in India and has been implementing KYC follow-ups. If you are seeking funding or support of any type from Polygon, you must provide complete KYC documents and details. This may sound taxing, but it should be easy for any legitimate person, business or organization. In case you didn't know, investment in anonymous entities is common practice in the crypto world.
3. As much as I like Solana's potential, they have been failing to realize it. Solana has suffered its fifth outage in as many months. You can have the best technology in the world, but if you cannot rely on it, then it becomes worthless or relegated to non-essential use.
4. Citing a crypto winter, Gemini is going to lay off 10% of its staff. Created by the Winklevoss twins, Gemini, will be laying off over 100 people. The company says there are multiple factors that weigh on the company, including geopolitical instability. Frankly, I wonder if they were a bit bloated and are being outshined by other exchanges. The company also stated they will be narrowing its focus to products critical to its mission. What's the mission?
5. Working with Flexa, Chipotle customers can now pay with BTC and DOGE. That is over 2,975 locations around the United States. I keep speaking about adoption and here is a prime example. Even though this is a centralized implementation, it is still helping to open the door to a wider scope of people.