EddieJayonCrypto
10 Apr 22
• Luna Foundation Guard and the Avalanche Foundation are further cementing their collaborative efforts with a $100M treasure swap• Now the FDIC is chiming in on crypto with a letter to the banks it supervises• Yet another country is embracing crypto. Honduras adopts Bitcoin as legal tender• Singapor...
• Luna Foundation Guard and the Avalanche Foundation are further cementing their collaborative efforts with a $100M treasure swap• Now the FDIC is chiming in on crypto with a letter to the banks it supervises• Yet another country is embracing crypto. Honduras adopts Bitcoin as legal tender• Singapore's DBS is still getting active in the space through a $730M tech fund• Robinhood launched their anticipated crypto wallet• There are almost 1K projects building on the Cardano blockchain• Bank of America says the Fed is pushing the country toward a recession, but that crypto could be the winning space• Mastercard is in the game with 15 new trademark applications related to fintech, crypto and metaverse-related technologies• WarnerMedia CEO, Jason Kilar, says Blockchain could be the next wave coming to HollywoodI took a couple of days off, but you know I am always researching. Here's what's on my mind.1. Luna and Avalanche are further cementing their collaborative efforts with a $100M treasure swap. Terraform Labs (TFL), the development team, is building and will support UST-native protocols within the Avalanche ecosystem. As reported by Crypto Daily, another advantage of this collaboration is that LUNAtics and Terra developers are now able to build cross-chain and make use of the Avalanche ecosystem. I am immediately draw to the idea of a well-accepted stablecoin leveraging a very strong ecosystem from a Layer 1. 2. Now the FDIC is chiming in on crypto with a letter to the banks it supervises stating their concern over risks of crypto-related activities. The letter goes on to request that any institution considering engaging in crypto notify the agency of their intent. 3. Yet another country is embracing crypto. Honduras adopts Bitcoin as legal tender. 4. Just because they aren't getting directly into crypto with services, DBS is still getting active in the space through a $730M tech fund. It is going to be interesting to see how things continue to play out in Singapore. 5. Robinhood launched their anticipated crypto wallet. Frankly, I think it falls short if what I have been reading is true. Even though you can do a lot with the wallet it is still custodial. Ultimately, Robinhood still holds the keys. I will take a hard pass on that, thank you. 6. There are almost 1K project building on the Cardano blockchain. This is a big deal considering I have been harping on ADA for a while now. With that many projects underway, one would think there is much to be heard from this rising Layer 1. 7. In an interesting release, Bank of America says the Fed is pushing the country toward a recession, but that crypto could be the winning space. Clearly, this is BoA trying to get in front of what could happen and laying blame at the doorstep of the government that has had to make some drastic moves during a crippling pandemic we are still suffering from. And they wonder why people are running from traditional institutions. 8. Meta is not the only one registering trademarks for crypto-related services. Mastercard entered 15 new trademark applications related to fintech, crypto and metaverse-related technologies. Of course, this has been brought to us by top trademark lawyer Mike Kondoudis who also broke the Meta news. The information he presented demonstrates Mastercard’s requests include trademarks for downloadable multimedia files containing artwork, text, audio and video authenticated by NFTs and e-commerce software that would allow electronic business transactions to occur over the metaverse. They may get the trademarks, but I suspect they may be difficult to defend. 9. WarnerMedia CEO, Jason Kilar, says Blockchain could be the next wave coming to Hollywood. Ya think?! Hollywood and the music industry were late to the game before and they seem to be now.