EddieJayonCrypto
22 Mar 22
• Ray Dalio's Bridgewater Associates are investing in an external fund dedicated to cryptocurrencies• In a major reversal, the NFL is going to allow crypto deals by teams, with some caveats• Florida is going to work on a plan to allow tax payments with crypto• Japan's crypto exchanges are going to c...
• Ray Dalio's Bridgewater Associates are investing in an external fund dedicated to cryptocurrencies• In a major reversal, the NFL is going to allow crypto deals by teams, with some caveats• Florida is going to work on a plan to allow tax payments with crypto• Japan's crypto exchanges are going to create a streamlined process for onboarding new cryptocurrencies• In a sketchy move, St. Maarten looks like they are going to legalize cryptocurrency, but it isn't any coin you would have thought ofThere are some big moves going on in the crypto world. Here is what's on my mind today.1. Ray Dalio is no fan of crypto, but it sounds like his Bridgewater Associates is about to invest in an external fund dedicated to crypto. CoinDesk was able to confirm this with 2 sources knowledgeable about the matter. There are still no plans for Bridgewater to directly invest in crypto, but they clearly don't want to miss out on a good indirect opportunity. 2. In a major reversal, the NFL will allow teams to cut sponsorship deals with blockchain companies. However, there are limitations. The deals made cannot be any longer than 3 years and cannot be made with any coin or token. As well, teams are not allowed to directly promote cryptocurrency. This leaves the door open for teams to cut deals with companies like Crypto.com, FTX and others. After the MBL cut that deal with FTX and Crypto.com cut that deal to rename the Staples Center to Crypto.com Arena you knew it was only a matter of time before the NFL would come around. Meanwhile, Crypto.com has become an official sponsor of the FIFA World Cup Qatar 2022 3. In a bold move, Florida Governor DeSantis has announced his state is working on a plan to allow taxes to be paid in crypto. I am interested to see how they are going to make that work. As I stated yesterday, sometimes things are released in the news that will not have an immediate effect, but could lead to impacts down the road. I think this is one of those things. 4. Japan is trying to truly bolster cryptocurrency in the country and are taking major steps to bring clarity to industry by simplifying the process for approving new cryptocurrency listings. The Japan Virtual and Crypto Assets Exchange Association (JVCEA) will be releasing a list of 18 "green" crypto currencies in the next few days. Japan exchanges are far behind Coinbase in the US with only 40 coins at the end of 2021 compared to Coinbase's 139. 5. In a sketchy move, it looks like St. Maarten could recognize Bitcoin Cash as legal tender. That's right. You read it properly. They seem to be leaning toward Bitcoin Cash and not Bitcoin and it is baffling just about everyone. With so many more viable choices I am left to scratch my head over their choice. Seems quite suspect to me. I wonder what is going on in Curacao, another autonomously run member of the Netherlands kingdom that nearby to St. Maarten.