EddieJayonCrypto
12 Apr 22
• US Federal Reserve Banks will be upgrading SWIFT to the new ISO 20022 standard• Robinhood adds Shiba Inu, Solana, MATIC and Compound to the list of coins• Coinbase announced animated movie trilogy inspired by Bored Ape Yacht Club, but loses arbitration bid on what could be a class action lawsuit• ...
• US Federal Reserve Banks will be upgrading SWIFT to the new ISO 20022 standard• Robinhood adds Shiba Inu, Solana, MATIC and Compound to the list of coins• Coinbase announced animated movie trilogy inspired by Bored Ape Yacht Club, but loses arbitration bid on what could be a class action lawsuit• Uniswap Labs starts a venture arm aimed at bringing millions of people to Web3Some interesting action in the crypto space today. Here is what's on my mind.1. The Federal Reserve Banks will be adopting the ISO 20022 standard by late 2023 as a replacement for the SWIFT network (how money is moved by banks now). That is going to trip up a lot of cryptos, but it will not trip Ripple or Stellar Lumens who both happen to be members of the ISO 20022 Standards Body. Algorand, Iota and XDC are also listed as compliant with Hedera, Quant and Cardano being rumored to be such. If I was with any of the last 3, I would not say a word about being listed, nor would I even try to be listed until things are upward bound. The news would give the coins a boost but waiting for a better market climate would increase the sustainability of the boost. 2. I had mentioned that I expected Robinhood to add Shiba Inu to the coins they support when they announced their wallet. Well, they announced a few. They also added Solana, Compound and Polygon's MATIC. 3. Coinbase announced a new animated film series by Bored Ape NFTs, The Degen Trilogy. The trilogy promises to be interactive and feature the Bored Ape Yacht Club and ApeCoin communities. Off the bat, it sounds like the entertainment arm of Coinbase is going to push the envelope and explore new ideas to dynamic entertainment. In other news, Coinbase lost its bid to force an arbitration in what could wind up being a class action lawsuit for crypto theft. Apparently, the arbitration requirement in their user agreement was too one-sided. This is going to get very interesting. That said, I think the only thing that will happen is they will have to pay some money and, if possible, make some changes to practice and policies. 4. Uniswap Labs is about to make some serious noise with their new venture arm. The new venture is hyper-focused on increasing the number of Web3 users and to do that they are looking to help a large number of projects go from vision to reality. Although there has been dollar amount announced I am expecting there will be a significant amount of money put to work.