EddieJayonCrypto
9 Oct 23
As you might have imagined there is a huge macro event going on in Israel as Hamas attacks the country. This is going to have prolific long-term effects. Here is what is on my mind today.1. As we all know, there has been a horrific attack carried out against Israel by Hamas. Clearly, this is going t...
As you might have imagined there is a huge macro event going on in Israel as Hamas attacks the country. This is going to have prolific long-term effects. Here is what is on my mind today.1. As we all know, there has been a horrific attack carried out against Israel by Hamas. Clearly, this is going to cause major ripples in the region. This will not be limited to the political wranglings, but oil prices could also be affected. The region has never been stable, but this is looking like all-out war. The best we can do is continue to do our own research and pay attention to news from the region that can cause market fluctuations. 2. In a release, the Commodity Futures Trading Commission (CFTC) has ordered 3 major banks in the United States to pay over $50M for reporting failures and other violations. The agency says Goldman Sachs failed to diligently supervise a wide range of dealer activities, including reporting of transactions. This will cost them $30M. JPMorgan also has swaps reporting issues and they will have to fork over $15M. Bank of America, as if they don't have enough issues will have to pay $8M for their lack of appropriate swaps reporting. Being a bank is not an easy thing and can be quite costly if you slip even a little.. 3. OKX is demonstrating they are in the UK for the long haul. With the new promotion and marketing regulations taking effect, OKX has made extensive amendments to comply. The well0known centralized exchange has incorporated clear and concise risk warnings on their promotions. The exchange has also been keen to streamline the number of tokens it supports in the UK. That number is around 40 or so. The Financial Conduct Authority has adopted a stringent enforcement policy and crypto companies had better fall in line. 4. There is at least one crypto miner that is preparing for the Bitcoin halving event next year. Iris Energy, a major Bitcoin miner in Australia known for using 100% renewable energy in its mining operations, is collaborating with Bitmain, a leader in the mining hardware space to acquire as many as 7K mining machines from Bitmain. It is definitely positioning itself for future success. 5. There are rumors swirling around an ex-executive at OpenSea having participated in market manipulation and might have even been involved in the AnubisDAO rugpull. Apparently, someone is coming with receipts and not just accusations. If the allegations are proven to be correct, I think it would add to the growing negative sentiment surrounding OpenSea. 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.