Coin Bureau Insider

2021-08-09 19:29:11 What a crazy past few days it has been!

I don't know about you guys, but I have been glued to the latest developments coming out of the US senate. Things are moving so fast there that it is quite hard to keep up with.

All this is of course overshadowing a lot of other really important news that has taken place over the past week. But, fear not, that's what CB weekly news is for!

Today we have for you:

- Lates on the Infrastructure Bill: Could it Threaten crypto?
- Ethereum’s Historic Hard Fork: What this means for the network & ETH Price
- Google Open To Crypto Ads: Could this mean more adoption?
- PayPal Crypto Expansion, NCR Crypto Acquisition
- Brian Brooks Bails On Binance: Why so soon?
- Former Monero Developer Arrested: Is there more than meets the eye?
- SEC vs. Cryptocurrency: They are taking names!
- Weekly Crypto Market Forecast: ETH, Ravencoin, QTUM, ICP & more

There's quite a lot to cover. So, so back, relax, grab a snack and enjoy! Open / Comment

2021-08-08 22:19:45 Just a small PSA guys

If you received my email newsletter today you will have seen me mention my Reddit AMA.

That's right, this coming Thursday 12th of August at 4pm UK time (11AM EST), I will be running an AMA on the r/cryptocurrency subreddit - one of the fastest growing and most passionate.

https://www.reddit.com/r/CryptoCurrency/

The mods have agreed to pin the post in the subreddit for at least two hours before it's due to begin. I will be looking forward to answering all and any questions that come my way!

Oh, and in case you didn't know, I regularly run these bi-weekly AMAs in my Instagram. So, of you don't follow me there, that could be an additional reason as to why you should:

https://www.instagram.com/coin.bureau/

Of course, answering questions of those in the crypto community on reddit will be quite exciting for me. As I mentioned in my video on my daily routine, browsing r/cryptocurrency is one of my daily rituals - one that I have had for the past 4 years.

So, set your clocks guys. I am looking forward to it! Open / Comment

2021-08-08 18:17:34

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2021-08-08 18:17:30 Happy Sunday to you all!

So, it seems that Washington is so eager to regulate cryptocurrencies. So dead set on crimping innovation in the goal of further control.

But what's really shocking to me is the fact that these regulators are not showing the same amount of zeal when it comes to the folks over on Wall Street.

For years, these TradeFi money men have been using retail investors as fodder as they have continued to trough of government handouts.

And, in our current financial climate, one of the most egregious business practices is that of Payment for Order Flow (PFOF). This system of kickbacks that are paid to brokers is the reason why you think that you are getting commission "free" trading.

And, when it comes to brokers that employ this practice, one of the most prolific is of course Robinhood. The modern-day trading app that steals from the poor to pay to the rich.

So, I thought it was incredibly fitting to do a video that explores the topic in further detail. I tell you exactly what PFOF is, how it works, why Market Makers pay so much for these order flows and where it could be going.

I finish off be showing why business practices like PFOF are the reason that people use Defi. Why despite the growing pressure to regulate Defi protocols & DEXs, it will still always come out on top.

Enjoy this take!

P.S. I cracked out Gordon Gekko for this disclaimer Open / Comment

2021-08-07 18:04:03

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2021-08-07 18:03:58 Hey Guys,

While no doubt all eyes are what is happening in the Senate, the US is not alone in their goal to further regulate cryptocurrencies.

Although it is a depressing topic, potential global regulatory action needs to be discussed.

As I have pointed out previously, global regulators are trying to tighten the screws on crypto & Defi. While they are often operating independently, they do sometimes coordinate their actions.

In order to do this, they will need to make use of a framework. A framework that has been developed by an opaque intergovernmental agency tasked with "securing the financial system".

One such agency is the Financial Action Task Force or FATF.

Yep, while everyone has been focused on the SEC, Liz Warren and Janet Yellen, the FATF has been crafting some pretty dastardly proposals for the crypto sector.

In my latest video, I take a look at some of these of these potential proposals. I explain what they mean and how it could potentially impact on the crypto space. I also give my opinion on where we could see global crypto going in the medium to long term.

You can't miss this vid folks Open / Comment

2021-08-07 15:51:29 https://store.coinbureau.com/product/btc-believe-white-t-shirt/ Open / Comment

2021-08-07 15:51:21 Hey Guys,

Today is an important day for crypto. The TLDR of it is that we have that senate vote on an amendment in the Infrastructure bill. There are two competing amendments. One is the Wyden-Lummis-Toomey amendment which is good and excludes defi from tax reporting. The other is bad (Portman-Warner) and only exempts Proof-of-Work miners.

It seems that the latter amendment came at the hands of intense lobbying from Janet Yellen (Treasury). She wants to use the vague wording to be able to eventually crack down on Defi protocols at a later date.

The amendment also has support from the White house which is even more concerning.

Of course, there has been intense lobbying going on by the crypto industry as well as some pro innovation senators. Moreover, it seems as if thousands of people have been calling their senators letting them know how they feel.

It is difficult to know at this stage which way the wind blows. Apparently the senate meets at 11am EDT according to this schedule here:

https://www.senate.gov/floor/

I believe there will also be a livestream available.

Irrespective of what happens, I still strongly believe in crypto and Defi. The mere fact that they had to sneak this dirty amendment into the bill is further proof of just how much it threatens their control.

I think we all have to just believe in the future...

And with that, I wanted to let you guys know that my new shirt design is now live in the store. It's my Bitcoin "Believe" line and its quite fitting

I will be wearing it in a video later today so it could get sold out fast. So, I thought I would share with you guys before.

As you no doubt know, these merch sales are how I keep the channel ad-free so your support is always appreciated Open / Comment

2021-08-05 22:30:48 Today was no doubt a monumental day for Ethereum.

The upgrade went through without a hitch, and we are now back up to $2,800. But, as I said in my tweet earlier, the short-term impact is less significant.

https://twitter.com/coinbureau/status/1423253129039073293

It is a great sign of what is to come when the ETH 2.0 updates start getting rolled out. Of course, from a tokenomic aspect, another benefit of this was the fact that we would see ETH getting burned.

Already, we have had over 2,200 ETH that has been burned and removed from circulation.

https://watchtheburn.com/

At the time I checked this right now, the burn rate is not exceeding the issue rate so there is still slight inflation. It will be interesting to see how this looks in a month or two.

One thing that has not really come down substantially is the gas fees. Of course, this was expected.

https://etherscan.io/gastracker

In fact, by looking at some of the comments on my tweet, it seems that many people were expecting an impact on gas fees.

As I have stated in previous videos, what EIP 1559 does is change the fee auction mechanism. There is a BASE fee that is dynamic and determined by market conditions. If network use is in high demand the base fee will also be high.

What EIP 1559 will impact is that it will make managing gas fees a lot more predictable. It also makes it difficult for miners to extract value from transactions (called MEV).

You can watch my video from earlier in the year where I talk about it:





So, sorry to disappoint you if you were expecting a massive decline in fees.

However, the PoS merge for ETH 2.0 is the next big milestone in Ethereum's journey and that will have a much more noticeable impact on fees as well as scalability.

That's the next big update I have on my radar!

For now though, let's relish the London Upgrade

This guy is off to bed - Cheerio Open / Comment

2021-08-05 19:03:52

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