EddieJayonCrypto
7 Nov 24
• Alibaba lays off dozens from its metaverse department, indicating a strategic shift or slowdown in its metaverse ambitions amid industry-wide recalibrations in virtual reality investments.• Ethereum staking surges as exchange reserves hit record lows, signaling bullish sentiment with more ETH lock...
• Alibaba lays off dozens from its metaverse department, indicating a strategic shift or slowdown in its metaverse ambitions amid industry-wide recalibrations in virtual reality investments.• Ethereum staking surges as exchange reserves hit record lows, signaling bullish sentiment with more ETH locked up and reduced selling pressure on exchanges.• Crypto wallets projected as digital identities in Web 3.0, representing the future of secure, decentralized personal data management, as individuals gain greater control over digital identities.• Upcoming Fed rate cut’s impact on Bitcoin questioned, as analysts debate whether potential economic easing will significantly influence Bitcoin’s price dynamics in current market conditions.• SEC requests court approval to dismiss Kraken’s main legal defenses, escalating its legal battle with the exchange and potentially affecting Kraken’s ability to argue its case.• Netherlands proposes new digital asset tax bill, introducing a regulatory framework for crypto assets that could impact tax obligations and transparency for Dutch crypto investors.• Tether injects $1.8 billion into exchanges, fueling Bitcoin’s rally to $76,000 as increased liquidity and demand contribute to the cryptocurrency’s bullish momentum.• Bitwise CIO predicts Wall Street and institutional adoption of crypto will continue regardless of election outcomes, suggesting sustained interest from traditional finance in digital assets irrespective of political shifts.~Get the Grow My Bag Crypto Tracker! - https://growmybag.tv/Crypto-TrackerGet the book!Crypto Foundations for Building Multi-Generational Wealthhttps://www.amazon.com/Crypto-Foundations-Building-Multi-Generational-Wealth/dp/1733097422Join this channel to get access to perks:https://www.youtube.com/channel/UC3tSBR3SIcHPE-Rpy1Ek3Rw/joinJoin Grow My Bag social media:https://growmybag.tv/sign-up🚨 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 Grow My Bag. Grow My Bag 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.