EddieJayonCrypto
2 Oct 23
Some big moves nobody saw coming except for the companies directly involved and they are going to shock the market. Here is what is on my mind today.1. It looks like Honda is first out the gate to accept digital assets for payments. That's one hell of a headline, isn't it?! Unfortunately it is yet a...
Some big moves nobody saw coming except for the companies directly involved and they are going to shock the market. Here is what is on my mind today.1. It looks like Honda is first out the gate to accept digital assets for payments. That's one hell of a headline, isn't it?! Unfortunately it is yet another misleading statement from a company called FCF Pay. It makes it seem like Honda is accepting all kinds of cryptos as payment when in reality it looks like they are not at all. To me it looks like you send your digital assets to them and they forward fiat to Honda. They have been advertising like this for some time now. I would like to see at least one of the companies they say they have partnered with come out with a statement. I have not seen one yet. I will keep you posted. Another example of why you should DO YOUR OWN RESEARCH!!! 2. Chainlink scores a big deal with Australia and New Zealand Banking Group (ANZ). It is yet another win in a long string of wins for their Cross-Chain Interoperability Protocol (CCIP). SWIFT has about 11K banks they do business with. I think there is the potential for LINK to work with SWIFT's whole network and that means we could be seeing news like this for a time to come. 3. In a major move, Coinbase gets the nod from the Monetary Authority of Singapore and has obtained a Major Payment Institution (MPI) license. This opens the door for COIN to offer digital payment token services to both retail and institutional investors in the country. This is yet another huge wine for the largest crypto exchange in the United States. I keep telling people we are watching the creation of the crypto version of BlackRock come into their own right in front of our eyes. Don't sleep on this company. 4. As you may have heard, the United States has narrowly avoided a government shutdown. If you think that brings some stability to situation, you are dead wrong. The markets are still in for a bumpy ride as all that happened was another kicking of the can. There are bound to be major strife in the House of Representatives as the Senate has proven the body is unable to effectively govern having to come up with their own bipartisan plan. I am fully expecting Speaker McCarthy to lose his gavel in the coming months, if that long. Mind your money! 5. Is KuCoin sliding in the wrong direction? According to their own reports, the popular centralized exchange seems to be experiencing major outflows from the platform. Users’ BTC assets decreased by 4% and Ethereum dropped by 3%. Not to mention Tether dropping a whopping 4%. All of this adds up to about $118M according to DefiLlama. 6. In the long-running dispute with DCG Gemini is pondering a revised proposal. In its latest statement, Gemini says it had reached "an agreement in principle" back in August. When it came down to brass tax, the deal did not meet muster. Since then the creditors have been pressing DCG to accept new terms. The company has yet to respond. SO, no closure yet, but at least the conversations are still happening. We are still waiting for the people to be able to recoup at least some of their money. 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.