EddieJayonCrypto
11 Feb 22
Here is what is on my mind:1. Everything is sideways this morning and early afternoon. Then we had word from the US government that, based on new information, Putin said he wants to invade Ukraine. Given that news oil has spike, the stock market has fallen a bit and the crypto space is now a bit clo...
Here is what is on my mind:1. Everything is sideways this morning and early afternoon. Then we had word from the US government that, based on new information, Putin said he wants to invade Ukraine. Given that news oil has spike, the stock market has fallen a bit and the crypto space is now a bit closer to its floor. That said, the crypto space is still holding with respective ranges. My hope is cryptos will rebound based on their ability to be held as insurance for a gloomy near-term future. At least it's better than gold. 2. Coinbase to further its custodial offerings by adding 8 new coins to its already long list. Coinbase is the largest crypto exchange in the US. Other exchanges are racing to catch up, but they would have to add a lot more coins and get into a lot more states. I think if they can do that, then Coinbases US grip would definitely loosen, especially since those other exchanges are spending a lot of money on marketing. a. Function X (FX) b. OriginTrail (TRAC) c. Ethereum Name Service (ENS) d. ARPA Chain (ARPA) e. GYEN (GYEN) f. Alchemix (ALCX) g. KRYLL (KRL) h. Ribbon Finance (RBN) 3. Uber is said to be looking hard at accepting crypto payments. 4. Another EU central bank has called for an EU-wide ban on Bitcoin. The Governor of Hungary's Central Bank is on record with this notion. There are already several EU nations that have banned cryptos. A couple have also tried to reach out to El Salvador to see if they could reverse that nation's course on adopting Bitcoin as legal tender…to no avail. 5. Meanwhile the US Federal Reserve is trying to keep an open mind toward the benefits of a Central Bank Digital Currency. They have even developed a list of 22 questions to ask the general public.🔥 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.