EddieJayonCrypto
22 Apr 22
• Kadena launched a $100M grant program to promote development on its sharded proof-of-work blockchain• Binance US has left the Blockchain Association and is going to go it alone in an effort to lobby the US government• I wonder what the conversation was between the CEO of Goldman Sachs and the CEO ...
• Kadena launched a $100M grant program to promote development on its sharded proof-of-work blockchain• Binance US has left the Blockchain Association and is going to go it alone in an effort to lobby the US government• I wonder what the conversation was between the CEO of Goldman Sachs and the CEO of FTX• 46 crypto executives have come together to ask the finance leaders of the EU to rethink rules upcoming changes• Cricket lovers rejoice! Rario has raised $120M in series A funding• Continuing its rapid global expansion, Coinbase is buying Turkish exchange BtcTurk for $3.2B• Australia greenlights the country's first Bitcoin ETF by ASX ClearI am seeing certain moves that will have effects now and will also pay off in the future in the form of adoption. Here is what is on my mind today.1. Kadena launched a $100M grant program to promote development on its sharded proof-of-work blockchain. Specifically, through KadenaEco they are looking to offer incubation, acceleration, venture capital and grants for developers working on gaming, metaverse, DeFi, NFs and other projects. If you can't lure them with tech, lure them with cash! 2. Binance may be the biggest, but I am seeing a certain pattern as they make moves around the globe. Binance US has left the Blockchain Association and is going to go it alone in an effort to lobby the US government. They wanted more power within the group. They didn't get it and decided to move on. Just keep in mind that Binance US was created to better adhere to US regulations. Binance has a track record of being asked to leave certain countries until they get it right. 3. I wonder what the conversation was between the CEO of Goldman Sachs and the CEO of FTX. Big moves coming? 4. The EU is working hard to clamp down on crypto so much that they may lose control altogether. To try and talk some sense into them, 46 crypto executives have come together to ask the finance leaders of the EU to rethink rules upcoming changes that would require them to collect and share transaction information involving digital assets. There is KYC and there is overreach. If governments keep squeezing, they will lose the opportunity to participate and be faced with an economic giant that becomes the undercurrent that actually affects their respective nations. 5. This one is crazy cool for cricket lovers! Rario has raised $120M in series A funding led by the venture capital arm of Indian sports firm Dream Sports. 6. Coinbase is making more global moves with their purchase of Turkish crypto exchange BtcTurk for $3.2B. 7. While the US sleeps on the opportunity ETFs can bring, Australia greenlights the country's first Bitcoin ETF. The fund is expected to go live April 27th. There were hoops they had to jump through, including covering initial margin requirements of 42%, but ASX Clear handled it and is moving forward.