tl;dr
As a bonus, here is what I have today:• Intel is about to get into the Bitcoin mining chip business• Blockchain games doubled in the past year to almost 400• Singapore bas Crypto ATMs until new advertising guidelines are set by their monetary authority• Argo Blockchain, a crypto miner, has started a...
As a bonus, here is what I have today:
• Intel is about to get into the Bitcoin mining chip business
• Blockchain games doubled in the past year to almost 400
• Singapore bas Crypto ATMs until new advertising guidelines are set by their monetary authority
• Argo Blockchain, a crypto miner, has started a new business specializing in non-mining opportunities
• Tether (USDT) is losing market share and was flipped by USDC running on Ethereum
• Google is piloting a program to let users store crypto in digital wallets
• Stripe in Argentina will accept BTC but convert to USDT (Tether)
• FUD - Fear, uncertainty and doubt
1. Bitcoin mining company Griid has made a deal with Intel to provide it with hardware. This is larger news than what people may think since Intel is about to release information about their more energy efficient approach to Bitcoin mining ASAICs. This could be a signal that Intel could gain market share among US Bitcoin miners. Keep in mind, I reported earlier the recommendation by EU regulators to ban Proof of work coins such as Bitcoin. Depending on what Intel does, this could be an opportunity for them to get into the EU with more efficient offerings.
2. Over the past year blockchain games have almost doubled to close to 400. This growth is counted by having at least one active wallet in the game. Some games, like Axie infinity have fallen recently, but this could be because people are beginning to explore other games. This could be a good thing as more games continue to enter the market.
3. In a sweeping move, crypto ATMs have been banned until Singapore's monetary authority creates new advertising guidelines for cryptos. It is currently their view that cryptos are not ready for general public consumption.
4. Argo Blockchain has start a new business, Argo Labs, to diversify its business and provide infrastructure support to decentralize finance (defi) and metaverse projects. Although Argo Blockchain is a publicly trading business, Argo Labs, their new innovation arm, will operate privately and funded with 10% of the crypto assets from Argo Blockchain. This strategic move signals a major bet on the future of cryptocurrencies, defi and metaverse projects.
5. First reported by Zero Hedge, in a major move, Google is running a pilot program allowing users to save crypto in digital wallets. Given other news that that was overshadowed by the Microsoft's purchase, Google is entering the metaverse with Andressen Horowitz’s firm (a16z). All of this leads me to believe Web 3 is here to stay!
6. Earlier I noted that Stripe will be operating in Argentina soon. I recently learned although they will accept Bitcoin they are going to convert it to Tether (USDT). As you know, USDT is a stablecoin tied to the US Dollar. This has a lot of people annoyed. We will have to see what the future will bring.
7. Don't put too much weight into the negativity you may be hearing about Bitcoin and other coin. This is also referred to as FUD or fear, uncertainty and doubt. As you keep watching my videos you will be able to learn more, gather information and formulate your own views. Negativity for the sake of negativity is FUD and not worth your time.
🔴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.