EddieJayonCrypto
19 Jan 22
Here is what I see on the day:• Climate change goals in the EU may be impacted by crypto• OpenSea expands its team and product development capabilities with purchase of Dharma Labs, also ushering in a new CTO• Cardano is poised for growth as SundaeSwap is set to launch tomorrow!• Sony share hammered...
Here is what I see on the day:• Climate change goals in the EU may be impacted by crypto• OpenSea expands its team and product development capabilities with purchase of Dharma Labs, also ushering in a new CTO• Cardano is poised for growth as SundaeSwap is set to launch tomorrow!• Sony share hammered in the wake of Microsoft's biggest purchase announcement• Polygon's Mainnet launch of EIP-1559 is here!1. EU - Reported at Cointelegraph, the EU securities regulator is concerned about the risks of crypto's impact on their goals for climate change. The vice-chair of the European Securities and Markets Authority, Erik Thedéen, has concerns are around the growing use of renewable energy sources for crypto mining. Specifically, he believe proof of stake coins like are more energy efficient versus proof of work coins like Bitcoin and feels there should be a ban on proof of work coins.2. Bitcoin a. It would seem that over 40% of Bitcoin trading volume correlates with US stock market hours. That should be a clear indication of how many traders are in the crypto space now.3. OpenSea - In a surprise move, OpenSea has acquired 5 year old defi protocol and crypto wallet Dharma Labs for an undisclosed amount of money. The move is meant to scale product development as they continue their push deeper into Web3.4. Sony share have been hammered after Microsoft's announcement of their purchase of Activision Blizzard, having fallen over 8% and being as low as 12%. This begs the question, what is Sony's next move?5. Polygon - Now that they have implemented EIP-1559 the crypto world is wondering when the benefits of coin burning and improved fee visibility will boost the coin's value.🔴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.