EddieJayonCrypto
8 Feb 22
Here is some more of what is on my mind today: 1. $4.5 Billon Bitfinex hack - Last week I told you that money from the hacker(s) had been moved to over 20 wallets. Well, there is a NY married couple that has been arrested attempting to launder that money. It is going to be quite interested to watch ...
Here is some more of what is on my mind today: 1. $4.5 Billon Bitfinex hack - Last week I told you that money from the hacker(s) had been moved to over 20 wallets. Well, there is a NY married couple that has been arrested attempting to launder that money. It is going to be quite interested to watch this play out. There has to be some kind of connection to the original hacker(s) unless the transfer to them was anonymous. 2. KPMG added Bitcoin and Ethereum to its treasury. Interesting play by one of the "Big Four" consulting firms. Mainstream is defined as the average person. This is an example of mainstream not realizing just how mainstream cryptocurrencies are locally, let alone around the world. 3. Polygon receives a $50 million after a fundraising effort led by Sequoia. Other companies taking part include, Softbank and Alameda Research. Those are some seriously heavy hitters. That more than puts a stamp on Polygon and that is why MATIC shot up over 16% today. A lot of people feel that Ethereum 2.0 is already here and its name is Polygon. Its network is fast, uncongested and far more cost effective than the current iteration of Ethereum. 4. A bipartisan bill is proposing tax relief for small, personal transactions. This would cover personal transactions of $200 or less. Interestingly enough the bill is co-sponsored by Democratic Congresswoman Suzan DelBene of Washington and Republican Congressman David Schweikert of Arizona. Arizona is really trying to make noise as a crypto-friendly state for sure! 5. As a follow-up to my earlier video about The Bitcoin Family, I am adding a tad more information. Portugal has a 0% Crypto Tax. As a person of color, I do not think Portugal is an option for me. They still hold on to their colonial past, as per a report by the United Nations Human Rights Office of the High Commissioner. 6. On the heels of the Solana Wormhole hack, Meter was also hacked. Meter is a cross-chain infrastructure provider specializing in the Defi (Decentralized Finance) space. The hackers were able to steal 1,391 ETH and 2.74 BTC, totaling about $4.4M. The Meter and Moonriver networks were affected. 7. There could be some good news for Polkadot in Moonbeam Network. Moonbeam is a parachain on Polkadot and connects multiple chains on Polkadot. That said, Polkadot is not doing as well as other networks at the moment. Personally, I am wary of the tech given the recent hacks of Solana Wormhole and Meter. 8. Ripple is making huge moves as it jumps to the #6 spot on the crypto list by market cap. This move means it has bunny hopped both Solana and Cardano. This could be because the release of 2 memos deemed crucial to the SEC case against them must be release by February 17th. If those memos fan show something favorable to Ripple, I expect that coin to jump in big ways🔥 Check out my new NFT collection: 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.