This Week in Crypto: US Bill, ETH Upgrade, SEC & More!!

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August 09, 2021

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Essential Videos

Last Week’s Crypto Review https://youtu.be/F5N2nRRfdOA
How To Reduce Ethereum Gas Fees https://youtu.be/6CdD9ucSvTc
Biggest Crypto Partnerships Of 2021 https://youtu.be/Mox8ECrbS_Q
Solana Explained https://youtu.be/PA1kA5yT1Ac
Assets Backing The Largest Stablecoins https://youtu.be/TxcTDNHSS-U
Ripple vs. SEC Lawsuit Update https://youtu.be/ByrCArBCJk4
Internet Computer Cryptocurrency ICP Analysis https://youtu.be/YGrFj3pav_A

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- TIMESTAMPS -
0:00 Intro
2:17 Infrastructure Bill
6:53 Ethereum’s Historic Hard Fork
9:10 Google Open To Crypto Ads
10:57 PayPal Crypto Expansion
13:08 Brian Brooks Bails On Binance
15:53 Former Monero Developer Arrested
17:54 SEC vs. Cryptocurrency
20:06 Weekly Crypto Market Forecast
24:23 Conclusion

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️ Useful Links ️

► Latest Infrastructure Bill Update: https://cointelegraph.com/news/unchanged-crypto-tax-bill-will-be-put-to-...
► Ethereum London Hard Fork Goes Live: https://cointelegraph.com/news/ethereum-london-hard-fork-goes-live
► How Much ETH Has Been Burned: https://ethburned.info/
► Crypto Ads Back On Google: https://cointelegraph.com/news/google-running-crypto-ads-again-as-new-po...
► NCR Bitcoin ATM Plans: https://cointelegraph.com/news/ncr-corporation-plans-to-purchase-bitcoin...
► Brian Brooks Binance Coinbase Conflict: https://decrypt.co/75971/brian-brooks-binance-angered-circle-coinbase
► Former Monero Developer Arrested: https://cointelegraph.com/news/monero-s-former-maintainer-arrested-in-u-...
► Gary Gensler’s Crypto Comments: https://decrypt.co/77574/gary-gensler-crypto-market-securities-aspen-ins...

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Infrastructure Bill Threatens Crypto Industry

Even if the senate does pass the infrastructure bill in its current form, the house of representatives has already begun its recess which likewise lasts until mid-September, meaning it won’t get final approval right away

Ethereum’s Historic Hard Fork

EIP 1559, introduced ETH burning to the Ethereum blockchain. From hereon out, anywhere between 25-75% of all Ethereum gas fees will be burned with the remainder going to miners

Google Open To Crypto Ads

FTX and Crypto.com have collectively dished out close to a billion dollars to get their brand recognized by potential retail investors, and I suspect they will be the most likely to advertise on Google

PayPal Crypto Expansion, NCR Crypto Acquisition

PayPal seems to be setting up shop next door in Ireland, and I suspect this has as much do with taxes as it does cryptocurrency adoption

The National Cash Register or NCR has announced that it will be purchasing LibertyX, a payments company that created some of the first Bitcoin ATMs offered in the United States

Brian Brooks Bails On Binance

There has been a lot of speculation around why Brian stepped down ranging from the regulatory crackdown of Binance’s global operations to Brian’s own comments about the long-term profitability of cryptocurrency exchanges

Former Monero Developer Arrested

The charges Ricardo is facing are related to his former employment where he allegedly put his own personal bank information on company invoices so that he would receive money from clientele

According to a statement by Ricardo on Twitter, he has been fighting this case since 2011, and there have apparently been some issues about setting a court date to resolve the matter since that time

SEC vs. Cryptocurrency

During Gary Gensler’s speech last week, he noted that ‘many of these tokens are offered and sold as securities’, and he agreed with former SEC Chairman Jay Clayton who said that ‘every ICO I have seen is a security’

Weekly Crypto Market Forecast

BTC has managed to pump past 45k, which is a significant zone of resistance as per the 200 day moving average

Assuming we are still above the 200-day MA when this video hits the tube, there is a very high likelihood that we’re headed for new all-time highs in the coming weeks

ETH also pumped significantly over the last week as expected. This week’s winners are the Voyager Token, Ravencoin, Qtum, the Internet Computer, and BitTorrent.

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #Crypto #news #bill #infrastructure #ethereum #ETH

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.