The R Roundup: Coinbase & Google Join Arms To Accept Crypto For Cloud Services — Issue #58
Recently we have seen several collaborations between some of the largest tech companies in the world and some of the largest web three companies in the world. We saw the news of Coinbase & Google Cloud teaming up at the brink of a perfect example.
It was revealed in the earlier half of 2022 that Google was building a team to provide services suited to blockchain developers & on Tuesday, it was announced that Google and Coinbase would work together to allow crypto payments for cloud services.
The proposed plan is for customers to pay with crypto in early 2023, allowing a few users to pay with crypto with the intention of expanding the user base over time.
📚 : You can find out more information in this blog post announcing the partnership by Coinbase
Morgan Stanley Doubts Decentralisation 🏦
There are some gaping differences between the state of enterprise and infrastructure involved in blockchain now compared to a year ago; however, there is no doubt that the increase in adoption comes with some trade-offs.
The Morgan Stanley report claims that several networks are not abiding by the “laws of decentralisation”, with regulatory pressure increasing, resulting in a strenuous attempt to maintain decentralisation.
Morgan Stanley evidenced that many underlying chains were maintaining decentralisation, but regulators ran the risk of that no longer continuing as precedent.
As one of the largest investment banks in the world, Morgan Stanley undoubtedly adds in the report that “centralisation is a natural evolution of the financialisation of the cryptocurrency markets.”
Yuga Labs Faces Unregistered Offerings Prob️e👨⚖️
The SEC has recently been inseparable from crypto headlines due to its intense activity regarding web 3 and blockchain companies and cases. Last week we saw the SEC charge mega-celebrity Kim Kardashian $1,26m following a failure to disclose being paid to share investment advice.
Additionally, this week, BAYC creator Yuga Labs is on the receiving end of an SEC probe following unregistered offerings. In simple terms, the SEC is investigating whether sales of their NFTs violate federal law.
With a lack of cases that we can refer to that include non-fungible assets, the SEC is attempting to examine whether NFTs from Yuga Labs are similar to stocks. The SEC is also exploring the distribution of ApeCoin through the infamous airdrop.
Crypto.com Goes Wild In Paris🇫🇷
Crypto exchanges are one of the fastest avenues to wide-scale adoption in crypto from a product and infrastructure level. With the depth of competition, each exchange is expected to innovate to excel above one another.
Europe has been making an added effort to ramp up its blockchain efforts. Large exchange Crypto.com confirmed an investment of €150m in France, announcing Paris as the new European regional headquarters.
The funds will focus on hiring talent from France as Crypto.com plans to establish its commitments to compliance, local business & products!
We Had Virtual Bacon Join Us On The R Roundup🥓
One of the crypto space’s most underrated crypto content creators joined us on The R Roundup to discuss the misconceptions around crypto + TikTok!
Check it out, as it’s a vital read for anyone interested in flooding their timeline with value!
As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.
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