When Will the Bear Market End? | June 14 2022 - Transcripts
When will panic selling end? Will losing a billion dollars discourage people from supporting Bitcoin? When will the Ethereum Bomb go off? Will it become easier to buy NFTs? How is Open Sea protect its users? All this on today's episode of Crypto Daily.
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Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets — and this may be the beginning of the end
After crypto market wipes $1 billion off his books, Michael Saylor tweets a picture of himself with laser eyes, reiterating his Bitcoin belief
Ethereum Core Devs Delay Crucial 'Difficulty Bomb' for Two Months
Mastercard announces new crypto partners for its NFT payments service
OpenSea announces new security features to protect users from NFT scams--- Send in a voice message: https://anchor.fm/cryptodailyshow/message
my name is Destiny Cast and be sure to follow our show wherever you listen to podcasts and please leave a review on apple podcasts.
Paypal has been accepting crypto payments for a while now unfortunately the problem with using them has been the fact that you can't send crypto to external
wallets once it's
in the Paypal system, it's stuck. But that's all
about to change. According to report from TechCrunch, the general manager of Blockchain,
crypto and digital currencies at Paypal Fernandez, Le pont said this
feature was the most demanded from our users
since we began offering the purchase of crypto on our platform. If you want to transfer
crypto from a Paypal
to another Paypal account, it's going to remain free. But if you want to
transfer out of Paypal, you will have to pay the network fees Fernandez also
said we see ourselves as a conduit between the fiat or traditional finance environment and the web through
We are enabling connectivity to other
and applications. Now this move shows that we're in this for the long term. I think it's important
to stay course
to invest in the space. Now, hopefully it will only encourage more people to adopt crypto. Yesterday I told you about the unveiling of the first potential federal crypto bill here in the U. S. The bipartisan bill
received a mixture of emotions much like any proposed bill, but overall it had support
from the crypto community. The bill proposes that the crypto industry be split and regulated by two entities. The Securities and
Exchange Commission would regulate any digital
assets classified as securities.
Anything considered a commodity would be overseen by the commodities futures trading commission. Now the bill does contain language that will
serve as a guiding evaluator for classifying the digital
People against the bill are worried about such a large industry being supervised by the CftC, which is arguably the smallest
and least funded commission.
The bill also specifies that any transaction less than $200 in crypto will not
be subject to a capital gains tax, which would make using Crypto as an actual currency even more
enticing for people. There's also more consumer protection which would allow users to keep their assets in the event that a company goes under. Well, I wanted to take a moment to issue a
scam alert. Fortnite token has
come out. However,
the Ceo of epic games, tim Sweeney has come out saying that it is not affiliated with a battle Royale game. Now, there was an exchange between Sweeney and the Fortnite token creator where Sweeney had to explain how trademarks and copyrights
work please, if you are planning to invest in this token,
don't not only is it trying to leverage I. P. That they don't even own, but clearly whoever is running the business behind, it doesn't understand
anything about business.
Also, Epic Games said that their lawyers are on it and I imagine that
the project is gonna be shut down pretty quick. Now it's time to turn our focus over to the world of N. F. T. S. And I figured that I would continue the Epic
been announced that the first N. F. T game
on the Epic store will be called Grit. This game is a Battle Royale game, although its
announcement was not well received from the gaming community at the moment, the only gameplay footage shown was a character spinning around a room. We didn't see any actual fighting or mechanics of the
game, which has left a lot of people angry and skeptical about the projects. I for one am very
excited for this. I enjoy Western games like Red Dead now there's no launch date
yet, but I'll be playing day one to see how it is. One of my all
time favorite movies is Jurassic park. The dinosaurs looked amazing.
In fact, I was just at monster palooza here in L. A. And got to chat with matt
Winston, who is one of the people operating almost every single dinosaur in the movie. His father is also stan Winston
amazing effects artist this week, Jurassic
park Dominion is coming out with the original cast members joining the film To celebrate Thursday June nine. AMC is doing a Jurassic park double feature showing the original film from 1993 followed by Dominion. Anyone who purchases a ticket to this special event will receive a free
Jurassic Park N. F. T
in partnership with Viv when you purchase your ticket, you'll be sent a
code and have until july
16th to redeem it for the NFT. To be honest, I'm willing to buy a ticket just to get that. N f
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I'm Dustin Krause and thank you for joining me today.