EddieJayonCrypto
27 Apr 22
• Argentinians are moving toward crypto, and the government is trying to make it easier to pay taxes• Sub-Saharan economy is growing, and new demands are creating opportunities being answered by crypto• Ray Dalio has a major warning for US dollar and fiat-based economies• Even with the launch of a n...
• Argentinians are moving toward crypto, and the government is trying to make it easier to pay taxes• Sub-Saharan economy is growing, and new demands are creating opportunities being answered by crypto• Ray Dalio has a major warning for US dollar and fiat-based economies• Even with the launch of a new wallet and adding the much-awaited Shiba Inu coin to their portfolio, Robinhood's downturn causes a 9% layoff• NFTs need to be safer and have better guardrails to grow trust• More US regulator confusion as Consumer Financial Protection Bureau throws its hat in the ring• BNY Mellon is doubling down on it move to embrace cryptocurrencies and blockchain technologies• Fort Worth, Texas becomes the first US city to mine BitcoinMore research and more things are showing a positive future for cryptocurrencies in the future. Here is what is on my mind today.1. Argentinians are moving toward crypto, and the government is trying to make it easier to pay taxes. Buenos Aires is looking to allow people to pay taxes using crypto. 2. The Sub-Saharan economy is growing, and new demands are creating opportunities. One such opportunity is in the transportation space. Responding to this is Bob Eco, a crypto-funded renewable energy and electric vehicle company. People and goods need to get places and they are there to help make that happen. The added benefit is they are also creating jobs because vehicles need to be driven and logistics is a burgeoning space. 3. Ray Dalio agrees with my perspective that fiat economies are in decline. Of course, he takes further by saying the US Dollar and fiat currencies around the world are locked in a spiraling and never-ending state of decline. Remember what I said about flailing efforts by the established financial services regulators? Well, I am not alone. 4. Even with the launch of a new wallet and adding the much-awaited Shiba Inu coin to their portfolio, it was not enough to stop the downturn Robinhood is going through. Well, it has taken its toll as they are laying off 9% of their staff as their stock process dives to a new low. 5. The other day I reported on how there was an NFT heist, and it wasn't the first. There has also been a conviction of BigVerse for allowing NFTs of stolen artwork to be minted. If you want the NFT space to grow, people have to have confidence. To gain their confidence, theft needs to be addressed and things like the minting of NFTs of stolen artwork should not be allowed. It is still a very young space. That said, companies in it have to mature faster. 6. As if the regulatory bodies trying to stake claim to the crypto space wasn't crowded enough, the Consumer Financial Protection Bureau is invoking a mostly dormant legal provision to increase its power over crypto and fintech. Thank you. This is what we need, more confusion. 7. BNY Mellon has signed a memorandum of understanding (MOU) with Blockchain Association Singapore (BAS) to increase it move to increase blockchain technology implementation, including decentralized finance (DeFi). This is after announcing custodial services for digital assets to be launched later this year. 8. Fort Worth, Texas becomes the first city in the United States to mine Bitcoin. Mayor Mattie Parker is cautiously optimistic as the city moves into the crypto industry and will re-evaluate things in the coming 6 months.