Consensus Day 2 is in the books and while there might not have been bombshell news like Day 1, there has been a lot of important releases. Bitcoin has been hovering around $8,000 while many altcoins have started to see some big green candles.
–Hester Peirce, SEC Commissioner, when asked about a Bitcoin ETF said: “Time was right a year ago.”
Hester Peirce has been very open about her feelings on a Bitcoin ETF. She has time and time again defended the space saying that the SEC should issue guidance, not restrict innovation.
Kevin O’Leary and Anthony Pompliano talk about Bitcoin and institutions, institutional investors, and retail investors are entering the space and why going forward it will be a good asset. This is a great watch for anyone who is new to the space or wants to better understand Bitcoin and the space we are in.
–SEC delays Bitwise ETF Approval
This was expected. The SEC will probably wait until the last possible moment to issue an opinion. We will have to wait until later this year to get the final decision. Until then, don’t expect much from the SEC.
–Coinbase opens XRP trading for NY residents & Coinbase opens up USDC trading to 85 countries
The more access people over the world have to crypto assets, the better. Personally, I think that the USDC is more important because it allows citizens in countries with a volatile local currency to find stability in a trusted stablecoin.
–Samsung to add crypto wallet support to more phones
While it was great to see Samsung add a cryptocurrency wallet to their flagship phone earlier this year, most people can’t afford it. It is great for adoption that Samsung is adding cryptocurrency support for lower-end phones.
–Charles Hoskinson partners with Polymath
This partnership can help both Polymath and Cardano. Polymath has worked with security tokens the past 3 years and Cardano is one of the most used blockchains in the space.
In order to improve security, Uphold will tap Ledger’s expertise and incorporate the company’s institutional custody platform, Ledger Vault, to increase its anti-hack protection.
Bithumb will provide fiat pairs with up to 100x leverage. Great for gamblers if you are into that sort of thing.
