EddieJayonCrypto
6 May 22
• Google developed a Web3 team• Legendary investor, Paul Tudor Jones, says crypto is a better hedge against inflation than gold• US Treasury sanctions crypto mixer, Blender.io• SEC approves a Bitcoin futures ETFCrypto is a 24/7 space and you have to pay attention and do your own research. Here is wh...
• Google developed a Web3 team• Legendary investor, Paul Tudor Jones, says crypto is a better hedge against inflation than gold• US Treasury sanctions crypto mixer, Blender.io• SEC approves a Bitcoin futures ETFCrypto is a 24/7 space and you have to pay attention and do your own research. Here is what is on my mind today.1. If you were looking for a sign that Web3 and crypto is here to stay, I think Google developed a Web3 team may be just what you need. I shot a video a couple of months ago when Alphabet announced it was looking into the space. The new team was built in their cloud computing unit. 2. I reported a couple of days ago that legendary investor, Paul Tudor Jones, believes people should be long crypto. You all know I am in agreement. Something I did not mention was that he also believes that crypto is a better hedge against inflation than gold. I am not going to whip out the charts on you, but you can easily find them on the Internet. This actually says a lot about the future of the space. Now you know why I am so focused on buying now that things are low. Small investments at regular intervals will help to keep the risk low while maximizing possible returns. And now you know what dollar cost averaging is. 3. In a major step toward tamping down incursions by North Korea, the US Treasury has issued the first sanctions against a cryptocurrency mixer, Blender.io. Appropriately named, huh? Now you're wondering what a crypto mixer is. Well, a crypto mixer is a service that enables users to virtually erase the digital money trail left my most transactions on blockchain networks. Mixers use several techniques to obfuscate transactions. Thus, increasing the difficulty to track the history of the digital assets. Digital money laundering. Such services are often used by hackers to cover their trail and make their spoils usable. In this case, this is a direct reaction to North Korea's hacking of Axie Infinity. 4. The SEC has approved the second spot ETF, Valkyrie's Bitcoin futures ETF. The is the first one approved under the 33 Act. Mind you this is the second futures application approved by the SEC. They have yet to approve a spot ETF to be approved, but hopes are still there.