EddieJayonCrypto
16 Aug 23
A few things have caught my long term attention. There was also a well-timed event that dampened what should have been a major day. Here is what is on my mind today.1. Way back on June 15th I told you that the SEC and FINRA approved Prometheum as a broker-dealer of crypto. It sparked major controver...
A few things have caught my long term attention. There was also a well-timed event that dampened what should have been a major day. Here is what is on my mind today.1. Way back on June 15th I told you that the SEC and FINRA approved Prometheum as a broker-dealer of crypto. It sparked major controversy in the crypto community due to former NYSE and SEC staff members and co-founder's support of SEC's crypto enforcement stance. Well, Gary Gensler, got grilled by lawmakers on how it was approved ahead of other players in the space that have been seeking the same approval for years. 2. Back in May of last year I predicted that MoneyGram was only delaying the inevitable closure of their business model. Then it was rumored in December of last year that Ripple may be behind their online launch in Brazil. So, I find it truly interesting that at the end of the day it winds up being Stellar that invests in MoneyGram. 3. Some of you may be wondering why Shiba Inu did not have a major jump yesterday. Easily it was supposed to be the biggest day in SHIB history with the announcement of the Shibarium launch date.. Well that would be because of Voyager's perfectly timed dumping of 1.4 trillion SHIB. That created major downward pressure on the coin. Still, I think the #SHIBArmy has a lot more in the tank, especially when you find out there are hundreds of projects already building on Shibarium. 4. There are rumors swirling that CoinDesk is on the chopping block. Those rumors may be true as the DCG holding shed 45% of their editorial staff. I have been saying the selling off of assets by Digital Currency Group could be coming given their problems with Genesis. Clearly there are liquidity problems and a more than pronounce lead to amass money as they head to court. 5. Top notch blockchain security firm, Peckshield, reported RocketSwap, as decentralized exchange built on Coinbase's Base Layer 2 protocol, was hit with an attack that saw 471 ETH stolen. That's about $870K RocketSwap said the attack occurred due to a series of deficiencies, including offline signatures. Well, that says a lot about the future of the project. I am not sure there is an easy way for them to regain customer trust.