The R Roundup: Coinbase vs SEC — Issue #6
In last weeks edition we covered how the SEC launched an investigation on Uniswap and how there was an expectation that the SEC would continue the clamp down on crypto.
This week Coinbase expressed their views on potentially being sued by the SEC on a new product they plan to launch called “Coinbase Lend Product”.
Coinbase made the following announcement on twitter:
With the lack of regulation within crypto, it was evident that further clamp downs by the SEC would occur. This is an interesting angle as Coinbase have expressed that they have spent months trying to engage despite the SEC’s alleged lack of cooperation.
El-Salvador Announces Bitcoin Purchases & Holdings As Bitcoin Becomes Legal Tender 🇸🇻
Earlier this year El Salvador made the decision to make Bitcoin legal tender. As this officially came into play, we saw the President of El Salvador Nayib Bukele announce El Salvador’s Bitcoin holdings.
This is HUGE for crypto as we have seen posters around El Salvador of the local McDonald’s accepting Bitcoin payments which extends the level of adoption to heights we are yet to see in the crypto-sphere.
Ukraine Adopts Draft Law On “Virtual Assets” 🇺🇦
Moving on from El Salvador’s adoption of crypto, The Verkhovna Rada of Ukraine (Parliament) adopted a draft law on “Virtual Assets” for regulating operations with crypto.
CZ (CEO of Binance) added that ‘Regulatory clarity for crypto is undoubtedly bullish for the space’.
One of the co-authors of the bill was pictured wearing a Binance hoodie to convey his support for crypto.
PancakeSwap Announces NFT Marketplace
One of the top DeFi aggregators PancakeSwap announced that they are launching an NFT marketplace.
They made the following statement:
They added that all users will need to use the PancakeSwap token $CAKE in order to mint NFTs.
PancakeSwap is one of our top picks and we believe that this development is an expression of the visionary nature which PancakeSwap brings to the crypto space.
The Russian Roundup Top Picks 🥇
At The Russian Roundup we attempt to provide an all round perspective of the crypto markets as well as bringing opinions which align with the fundamentals which we believe aid the adoption and expansion of crypto.
We have put together 12 of our favourite coins in the space which we are invested in. We will provide frequent updates on these 12 assets throughout the weekly newsletters.
We would like to remind everyone these are OPINION based and we heavily advise everyone to do their own research before investing in crypto.
As a reminder this is not a trading signal, it is an opinion and each trader/investor should know and understand the risks attached with trading. At no point should this be regarded as financial advice.
Additional links:
Twitter : https://twitter.com/RussianRoundup
Russian DeFi : https://twitter.com/RussianDefi
NFA DISCLAIMER : https://docs.google.com/document/d/1AoWc3qanyzmzSiZFCGUaG1oiKRHmxvGj02JY3ibnIqg/edit
