EddieJayonCrypto
16 Feb 22
As usual, there is a lot going on. Here is what is on my mind today:1. PayPal says all NFT transactions of $10K and higher are ineligible their Seller Protection program. 2. 4068 or 3.6% of all whales are holding about $25 billion of illicit gains in crypto assets mostly made in dark web activities....
As usual, there is a lot going on. Here is what is on my mind today:1. PayPal says all NFT transactions of $10K and higher are ineligible their Seller Protection program. 2. 4068 or 3.6% of all whales are holding about $25 billion of illicit gains in crypto assets mostly made in dark web activities. The greater majority of these whale wallets are associated with Russian IP addresses. As I was pointing out yesterday, this would make it difficult for legal authorities to access those illegal gains. 3. Colorado is preparing to accept Bitcoin and certain altcoins for tax payments by the end of summer. This could wind up being a HUGE boon for the state when you consider the problems currently facing the cannabis industry. Clearly, one of the obvious altcoins, to me, would be Ethereum. The question is what other coins will be considered. I am looking at you SHIB. Get to lobbying SHIBnation! 4. Josh Gottheimer has introduced a bill for regulating stablecoins, the Stablecoin Innovation and Protection Act. The draft bill has received several nods from the cryptocurrency space including Circle, FTX and others, basically says a. Coins must be 100% backed by cash reserves b. Can only be issued by only 2 types of qualified issuers: an insured depository institution (bank) or a non-bank qualified issuer c. Office of the Comptroller of the Currency (OCC) with primary oversight d. Federal Deposit Insurance Corporation (FDIC) will be required to develop a Qualified Stablecoin Insurance Fund e. Does not restrict issuance of other types of cryptocurrencies➡️Twitter - https://twitter.com/EddieJayCrypto🔥 Check out my new NFT: https://opensea.io/collection/nyc-original-graffiti-sebar-7-blue🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.