EddieJayonCrypto
20 Jan 22
Here is what I see on the day:• Crypto.com: Following reports on Monday for suspicious behavior earlier this week, Crypto.com reported yesterday they were hacked and nearly $34M was stolen from users. This prompted the company to offer protection for funds up to $25K• Cardano: Don't forget this coul...
Here is what I see on the day:• Crypto.com: Following reports on Monday for suspicious behavior earlier this week, Crypto.com reported yesterday they were hacked and nearly $34M was stolen from users. This prompted the company to offer protection for funds up to $25K• Cardano: Don't forget this could be a big moving day for Cardano as the much anticipated SundaeSwap launches today• Secret Network: I am adding Secret to our list of coins to follow and research; Tarantino's Pulp Fiction NFTs• Meta: Meta eyeing the NFT space, considering ability to see your NFTs from Facebook and Instagram• Ethereum: JP Morgan analysts issue a warning that Ethereum could lose NFT market share to Solana• Russia: The Bank of Russia is calling for a full ban on Crypto1. Following reports on Monday for suspicious behavior earlier this week, Crypto.com reported yesterday they were hacked and nearly $34M was stolen from users. This prompted the company to offer protection for funds up to $25K 2. SundaeSwap day! Cardano could see big upward movement in the coming days and the much anticipated DEX launches today. I am keeping my eye on it. I am not going to be investing any more into it unless I see a specific opportunity because of this upward movement potential. I am expecting more DEXs to be launched on Cardano. 3. I am adding Secret to the list of coins to research and watch. They are of interest as they have a different approach to NFTs. This has attracted Quentin Tarantino to launch his one-of-a-kind Secret NFTs for Pulp Fiction on the network. The Secret network is built on the premise of providing privacy by default for smart contracts. 4. Meta is eyeing the NFT market space, considering ability to see your NFTs from Facebook and Instagram. This could be a serious gamechanger in the market should the move be realized. Meat was unable to create their own coin, but this may be an alternative way for them to enter the world of cryptocurrency technologies. Keep in mind Meta owns Facebook, Instagram, WhatsApp and Oculus. The implication can truly be huge. Much like Google's move into the cryptocurrency space. 5. As per JP Morgan analysts, Ethereum NFT market share has dropped 15% and have issued a warning the Solana network could continue gaining market share. This is due to Ethereum's scalability issue that seems to be pushing developers and investors to Solana. As the NFT market continues to gain interest other networks will also take advantage of Ethereum's situation. I am keeping my eye on Polygon. 6. The Bank of Russia is calling for a full ban on Crypto with the exception of ownership by private citizens. They are also suggesting a reinforcement of an existing ban on using crypto for payments. Punishments for the buying and selling of goods, services and labor is also suggested in the report. I am watching this as I continue to be mindful of macro events that could affect the world of crypto.7. The Mayor of New York, Eric Adams, is about to receive his first paycheck in crypto. That sends a huge signal to where his head is on the topic. I believe he will work with New York State to do more with crypto.🔴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.