Big Risks to Watch and More

This Week in Crypto: RISKS, Regulation, ALGO, AVAX & More!!

By Guy

🖼NFT Market Top?🖼

Data from Dappradar suggests that the NFT market could be cooling down. This is because Opensea, the largest NFT marketplace in cryptocurrency, saw a 50% decline in NFT trading volume last week.

🤑Big Crypto Ecosystem Bucks🤑

Avalanche’s announcement that they would be allocated 180 million dollars to DeFi development has inspired other Ethereum competitors to do the same. Terra, Harmony, and Algorand allocated 150 million, 300 million, and 300 million to DeFi development respectively.

👨‍💻BTC In El Salvador: Aftermath👨‍💻

A US poll conducted just two days after El Salvador’s legal tender law suggests that more than a quarter of Americans would also like to see BTC become legal tender in the United States. There is also a rumor that Ukraine is looking to make Bitcoin legal tender as well.

💳Mastercard’s Crypto Vision💳

Mastercard is planning on using Ciphertrace to keep a better track of both crypto and non-crypto transactions made with its cards. This suggests that Mastercard could soon be following Visa’s lead in dabbling with native stablecoin payments and CBDCs.

🕵️‍♂️Revil Ransomware Returns🕵️‍♂️

Revil disappeared shortly after the last round of ransomware attacks, and the fact Revil is rising from the dead shortly after El Salvador makes Bitcoin legal tender is interesting to say the least.

⚔Regulators Prepare For War With Crypto⚔

The rapid growth of stablecoins has been very concerning for fiat fat cats, especially since all that money is coming from the coffers of big banks. As far as I can tell, it looks like the only stablecoin that is at risk of getting completely rekt is Tether. As for Circle and Paxos, it looks like the US Department of the Treasury wants to take the reigns.

😱Signs The Market Could Collapse😱

A stock market crash across the board which is being predicted by everyone from banks to CNBC’s Jim Cramer. Foreign and domestic issues related to pandemic restrictions has created a lot of uncertainty in the market. Politicians could propose to increase income taxes and double capital gains and dividend taxes for high-net-worth individuals as part of their latest spending spree bill. To top it all off, we have a third threat to the crypto market in the rear-view mirror, and that’s record levels of inflation. This could result in the FED tapering, raising interest rates, crashing the market.

~~~~~

📜 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.

Related videos

Crypto News SBF, FTX Hacker, Binance, DCG, Social Media Risk
Crypto News: SBF, FTX Hacker, Binance, DCG, Social Media Risk & More!!
Crypto News SBF, FTX Hacker, Binance, DCG, Social Media Risk

Crypto News: SBF, FTX Hacker, Binance, DCG, Social Media Risk & More!!

November 28, 2022 2 min read
Exchange proof of reserves
Exchange Proof of Reserves: What It Means & Who is Doing It?!
Exchange proof of reserves

Exchange Proof of Reserves: What It Means & Who is Doing It?!

November 27, 2022 2 min read
BlackRock is LOSING The Beginning Of The END
BlackRock is LOSING!! The Beginning Of The END!?
BlackRock is LOSING The Beginning Of The END

BlackRock is LOSING!! The Beginning Of The END!?

November 24, 2022 2 min read
Sorare Football NFTs & Fantasy Sports Review & Beginner's Guide
Sorare Football NFTs & Fantasy Sports: Review & Beginner’s Guide
Sorare Football NFTs & Fantasy Sports Review & Beginner's Guide

Sorare Football NFTs & Fantasy Sports: Review & Beginner’s Guide

November 23, 2022 2 min read
FTX Bankruptcy Filing I Can't Believe What I'm Reading
FTX Bankruptcy Filing: I Can’t Believe What I’m Reading!!
FTX Bankruptcy Filing I Can't Believe What I'm Reading

FTX Bankruptcy Filing: I Can’t Believe What I’m Reading!!

November 22, 2022 2 min read
Crypto News FTX Updates, GBTC Contagion, ADA, SOL
Crypto News: FTX Updates, GBTC Contagion, ADA, SOL & More!!
Crypto News FTX Updates, GBTC Contagion, ADA, SOL

Crypto News: FTX Updates, GBTC Contagion, ADA, SOL & More!!

November 21, 2022 2 min read
Is your crypto safe
Is Your Crypto SAFE!? Here’s How To Self Custody It NOW!!
Is your crypto safe

Is Your Crypto SAFE!? Here’s How To Self Custody It NOW!!

November 20, 2022 2 min read