EddieJayonCrypto
18 Oct 23
We are living in a world where you need to verify everything you read. If you follow me, you know I demand you find corroborating evidence about anything you read. Here is what is on my mind today.1. In stunning news Roblox had to release a statement refuting fake news that the platform now accepts ...
We are living in a world where you need to verify everything you read. If you follow me, you know I demand you find corroborating evidence about anything you read. Here is what is on my mind today.1. In stunning news Roblox had to release a statement refuting fake news that the platform now accepts XRP for payments. Nothing could be further from the truth. Still, I saw a very popular Youtuber make the announcement in his latest video. Goes to show you MUST do your own research, and in doing so you must find corroborating evidence that what you are seeing is the truth. This marks the second time in less than a week that we have been hit with what could have been market-shattering news only to learn it was fake. Time to examine your news sources! 2. It sounds like Reddit is ditching blockchain-based community points. Whether this holds to be true or not, users are dumping MOON and BRICK. The once popular points systems will be completely phased out by the end of November, as reported by TechCrunch. The platforms says they will introduce a new Contributor Program. This has actually been a long time coming. So it should not have been a surprise since the exit was announced earlier this year. 3. European Securities and Markets Authority has started telling crypto firms to prepare for the new rules stemming from Markets in Cryptoassets (MiCA) regulations. It has not been all that long since the EU has adopted the new regulations, but it had taken some time for them to be created. So, there was a lot of runway afforded to the industry. Much like in the UK, I am expecting a major crackdown once they are enacted. I think we could see a lot of companies get filtered out. Frankly, I am not going to feel all that bad about it given the amount of time it took for the regulations to get here. It will be interesting to see which of the major brands exit or step up their game. 4. Fantom Foundation gets exploited due to a flaw in Chrome. In a statement, the foundation has confirmed they lost a total of $470K of FTM and $187K of ETH thus far. They are still investigating. This is a story to follow. 5. Another major financial institution adjusts their Bitcoin Spot ETF proposal. Fidelity joins what seems to be a growing list of firms that have filed for Bitcoin Spot ETF that have made adjustments to satisfy what are clearly SEC concerns. As I state when we found out that Cathie Wood's ARK Invest made adjustments, there seems to be a clear path to approvals coming because these stem from clearly productive interactions with the agency. It is only a matter of time before the floodgates open. Sponsors:🌎 https://RebelReach.com - Robust hosting and marketing services!🌎 https://RebelVino.com - All things food and beverage!🌎 https://RebelVisions.com - Helping companies achieve more through operational excellence and disciplined project execution!🔥 Smash the likes and SUBSCRIBE for more great videos! https://youtube.com/c/EddieJayonCrypto?sub_confirmation=1🚨 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.