EddieJayonCrypto
2 Mar 22
• Citadel going crypto• Anonymous bounty• ConsenSys founder scandal• Chairman Powell dropping some big hints on the future of Crypto in the US• iAngels, Gal Dadot and more invest in a new DEXThe crypto space is doing alright. I am hoping the stairstep keeps going up. Here is what else that's on my m...
• Citadel going crypto• Anonymous bounty• ConsenSys founder scandal• Chairman Powell dropping some big hints on the future of Crypto in the US• iAngels, Gal Dadot and more invest in a new DEXThe crypto space is doing alright. I am hoping the stairstep keeps going up. Here is what else that's on my mind today:1. Citadel is a very well-known and successful hedge fund. Even though their founder and CEO, Ken Griffin is still skeptical, he says they have big plans for the digital asset space. This may be because they received rather sizeable investments from Sequoia and Paradigm. Both companies are very much involved in the crypto space. 2. The hacking group Anonymous has offered a bounty of over $50K in Bitcoin for each surrendered Russian tank. They are telling Russian soldiers to put white flags on their tanks and use the password "million" to show they surrender and claim the rewards. 3. In a major move, ConsenSys shareholders are invoking article 697 of the Swiss Code of Obligations. This action calls for an audit of the company's finances due to accusations of financial irregularities by the founder Joseph Lubin. There has been much talk about a $39M deal with JP Morgan that would benefit the founder and harm smaller shareholders. If you do not know ConsenSys, think MetaMask. They are the company behind it. I am sure there will be a lot more to follow once the audit kicks off. The question I have is what happens if they do find irregularities? 4. In a major nod to cryptocurrencies, Fed Chairman Powell has gone on record stating there's room for multiple reserve currencies. While speaking before Congress today he also said the best option for the government would be to consider regulating cryptocurrencies. I have been saying this for a while and now we have the news drop. Some governments are accepting the existence of cryptocurrencies kicking and screaming. Some are in complete denial. While others are embracing digital assets. I think this is a good sign for the United States. 5. Remember when I said there is a lot more coming for Cardano? Well, here is some indirect news that can also help to boost the project. Gal Gadot has joined a group of investors, including Pluto Capital, Shima Capital, Coti and producer Jaron Varsano, led by female-led venture capital firm iAngels. In this first round, they raised $2.6M to create AdaSwap. The AdaSwap DEX will allow users to swap Cardano native tokens and stablecoins without relying on central exchanges.