EddieJayonCrypto
10 Mar 22
• Don't sleep on Cardano; they are making major TVL moves• Iran is having energy issue because of crypto mining• Adobe taps Polygon to extend its Behance NFT platform• Terra LUNA has more than touch the $100 mark and there is more to come• South Korea has elected a pro-crypto President• UAE is about...
• Don't sleep on Cardano; they are making major TVL moves• Iran is having energy issue because of crypto mining• Adobe taps Polygon to extend its Behance NFT platform• Terra LUNA has more than touch the $100 mark and there is more to come• South Korea has elected a pro-crypto President• UAE is about to usher in some crypto regulations• European Commission has added some clarity on sanctions against Russia and they include cryptosSorry I didn't get to drop a video yesterday. I was traveling. I am back it today and there is much to share today! Here is what's on my mind now.1. There are 2 kinds of people when it comes to Cardano. The ones that believe in the project and the ones that don't. Well, Cardano's TVL growth is something to behold. With the recent introduction of SundaeSwap and other existing DEX's, Cardano' total value locked has jumped from $130M to almost $200M today. This is almost $70M since the launch of its first DEX in January. This is proving that Cardano has strength and utility. If things keep at this pace, it should hit $1B in short order. 2. Iran is even grappling with cryptocurrency mining woes. They are giving a nod to mining again, but with a hitch. New licenses will only be issues to farms using renewable energy. The license will also not extend to other means of supply. They know the only way to allow mining is through renewable sources, but they have yet to name any such source. They are also dealing with a growing number of illegal farms that are causing energy shortages. 3. In a major move Adobe has tapped Polygon to scale its NFT functionality for its Behance platform. The integration will allow users to mint NFT directly on the OpenSea platform without having to pay the higher fees on Ethereum. That is a pretty good deal for creators when think about low network fees and a lower carbon footprint. 4. I have been telling you for some time that Terra LUNA is something to look at. Well, like I said it would, LUNA bounced above $100, hitting as high as $104. I think it still has a great deal of upward movement in the tank and is something I am looking to get into. 5. With the election of its new President, Yoon Suk-Yeol, South Korea could become a serious crypto hub. He has long been a proponent of cryptocurrencies. I am looking for South Korea to adopt regulations positive to crypto growth in the country and that would add to the momentum in crypto adoption around the world. He is also a very controversial person that has made some very against the grain pledges, including to abolish the Ministry of Gender Equality and Family. I think it says a lot when you get elected and searches for immigrate to Canada surges.6. A UAE regulator has said the UAE is very close to introducing new regulations for cryptocurrencies. Expected is for virtual asset service providers (VASPs) to follow anti-money laundering (AML) and Anti-terror financing (ATF) laws. The framework is being created with VASPs following the recommendations of the Financial Action Task Force (FATF). 7. The European Commission has added some clarity around its sanctions against Russia and Belarus stating they do extend to cryptocurrencies. This is a strong step since cryptos were thought of as a possible escape route for Russians looking to evade sanctions. This also come right after Binance made it decision to no longer accept transactions from cards issued by Mastercard and Visa, including transactions initiated outside of Russian borders.