EddieJayonCrypto
4 Mar 22
• Sequoia Capital creates a new fund structure with a $500M-$600M fund dedicated to liquid digital assets• The Shiba Inu team has announced an upcoming coin burning program, ShibaSwap 2.0.• Swiss city of Lugano is working to make Bitcoin Tether and LVGA legal tender• New York State bill aimed at ban...
• Sequoia Capital creates a new fund structure with a $500M-$600M fund dedicated to liquid digital assets• The Shiba Inu team has announced an upcoming coin burning program, ShibaSwap 2.0.• Swiss city of Lugano is working to make Bitcoin Tether and LVGA legal tender• New York State bill aimed at banning Bitcoin mining• Macro events are driving values down; DCA'ing is your friend and now things are very much on sale!Aside from the obvious macro event that is happening right now, there is still a lot going on at the micro level that can foretell upward movement. Here is what's on my mind:1. Sequoia Capital is continuing its push deeper in to the cryptocurrency space with a new fund structure including a $500M-$600M fund dedicated to crypto. After making a major investment in Citadel, this fund would help the firm increase holdings and investments in promising projects like Filecoin. 2. With over 589 trillion coins in supply the introduction of ShibaSwap 2.0 should be a major positive impact on SHIBA. This is in direct response to SHIBA owners that are looking for the team to introduce ways to increase the value with a controlled reduction in coin supply. The team also announced the will be selling 99K pieces of land in Shibverse that can be purchased with LEASH. 35K of the pieces would be held for current LEASH holders and the rest opened to the world. As I keep saying, SHIBA is on the move and I am confident the move is in the right direction! 3. In a major announcement, the Swiss city of Lugano is working with Tether Operations Limited, the company behind the world's largest stablecoin, to increase the cities blockchain capabilities. This includes the city accepting Tether, Bitcoin and its own LVGA Points token as legal tender. Dubbed Plan B(itcoin), it would allow its 62K citizens to pay for public services and taxes using Bitcoin, Tether and LVGA. The endeavor has already signed up over 200 merchants. 4. It is widely known that the US leads the world in Bitcoin hash rate percentage. A lesser-known fact is New York is a major hub for Bitcoin mining due to the state's cheap energy prices. Plans to make NY the Bitcoin capitol of the world may be dampened as a new bill aimed at banning Bitcoin mining in the state for 3 years gains momentum and backing by several environmental groups. The bill has been introduced by Democratic Assembly member Dr. Anna R. Kelles. 5. Macro events will always affect investments. That is why you have to learn to develop your DCA strategy. This can help you handle the never-ending ebbs and flows. With the Russian war I am expecting things to continue being tumultuous.