EddieJayonCrypto
3 Nov 23
This is all I have to say about it: he was found guilty on all 7 counts. My only questions is if he was found guilty of conspiracy, then there are co-conspirators. Who else is going to jail? Here is what is on my mind today.1. Coinbase's stock rose because they didn’t do as bad as analysts thought. ...
This is all I have to say about it: he was found guilty on all 7 counts. My only questions is if he was found guilty of conspiracy, then there are co-conspirators. Who else is going to jail? Here is what is on my mind today.1. Coinbase's stock rose because they didn’t do as bad as analysts thought. That is good news. However, they have been ordered by Maryland to cease staking services. As well, let us not forget they are still battling the SEC. That is not going to just go away it seems. The questions I have is how are they going to navigate the future. Yes, I think they still have one. The real question is will it be a bright one. 2. Interest seems to be growing in Ethereum ETFs. No one should be surprised about either. Given what is going on with Bitcoin it only makes sense for ProShares to dive into the space with their new Ethereum-focused ETF. The product started trading yesterday under the symbol SETH on the New York stock Exchange. I think we will start seeing more pop up. Then, of course, the inevitable issuance of an Ethereum Spot ETF at some point. 3. After getting good news in the UK and a stock surge following their pledge to achieve a $4B boost in stock value, PayPal gets hit with an SEC subpoena. For now, the SEC is only seeking documentation. I have a feeling this is going to continue only because PayPal now has a stablecoin. Given how many losses are piling up for the SEC, I think it will be interesting to watch this play out. 4. My son's friend's father had approached me a few years ago with what seems to be a great idea. The idea was to build crypto mining facilities near garbage dumps and power them with methane gas. Nothing ever came of it, but Marathon Digital beat them to it. The company just announced plans to power mining operations with methane gas from landfills. So they will be saving money while, literally, making money. 5. The Swiss National Bank is going full bore with their CBDC dream. They have just partnered with six commercial banks to launch wholesale CBDC. According to the press release, they are collaborating with SIX Digital Exchange to kind of fast-track the venture. 6. I never have much to say about The Open Network (TON), but I must give them their due. They are now the world's fastest blockchain with a reported 104,715 transactions per second (TPS) achievement. This was done over a live-streamed public test (bold) on October 31st. This is a bigger deal than most would think. This means crypto is quickly approaching stable cash register transactional speeds. The advantage is clearly on crypto's side since the COMPLETE transaction would happen in the timeframe while the end-to-end credit card lifecycle spans months. 7. I keep telling people to pay attention to Ripple. They are not working with the country of Georgia to develop their CBDC. On top of that they just got approval from the Dubai Financial Service Authority. These are each major steps for the company. Keep a sharp eye on them and XRP. 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.