Story - Crypto Poaching Top Talent https://www.coindesk.com/facebook-messenger-chief-joins-coinbases-board-of-directors/ As time goes on it seems more of more of the top talent from the old financial system want to come and work with the cool kids. Coinbase has announced that David Marcus, vice president of messaging products at Facebook and former president of PayPal, has joined the board of directors. Then today I saw a link to this posted on Reddit: https://www.dash.org/forum/threads/welcome-bradley-zastrow-director-of-global-business-development.20569/ Now a fellow called Bradley Zastrow has been appointed as the Director of Global Business Development for Dash Core. This fellow spent the last 17 years working for American Express. This kind of thing not only boosts the development of the cryptocurrency space but it increasingly legitimises it. That means this whole narrative about cryptocurrencies being some temporary fad, or something that’s only used for money laundering and criminal activity, that narrative just can’t hold up if reputable experts in the payments industry keep jumping ship to work with cryptocurrencies. Story - South Korea Releases Emergency Regulation https://news.bitcoin.com/south-korea-emergency-cryptocurrency-regulation/ This follows directly on from yesterday’s story about the South Korean authorities moving quickly to crack down on the number of people buying and trading cryptocurrencies. They were particularly concerned with the number of students who were signing up to cryptocurrency changes on their phones and then buying Bitcoin and so on. The bottom line is that South Korean Bitcoin exchanges will now be regulated. In addition to that, there will be a ban on banks, minors and foreigners trading cryptocurrencies. In Korea you need something they call a ‘virtual bank account’ in order to trade crypto. This is what they have attacked in order to put a stop to the hysteria. They said [red] “We will not allow virtual currency transactions unless the requirements for protection of investors, transparency of transactions and other measures are met through prompt legislation in the near future.” This ban on foreigners is interesting because we saw recently on a number of occasion that some coins were trading at much higher prices on Korean exchanges vs elsewhere. So when they say: [orange] “Foreigners who are not residing in Korea or minors including high school students will not be able to open an account for virtual currency transactions in Korea,” That effectively puts a stop of arbitrage traders who would profit from the price difference between the Korean exchanges and non-Korean exchanges. All these measures to me sounds like an attempt to cool down the hysteria rather than outrig ... https://www.youtube.com/watch?v=ibxpBe_PCCk

Half of all Bank of England QE was done in 2020. That's crazy. In this episode I dig into the 'mind' of the Bank of England, examine their intentions and reconcile it against the outcome. Full episode and comments are available on HIVE: https://peakd.com/@marketingmonk Become a supporter: https://www.thecryptoverse.show/ Sources https://www.bankofengland.co.uk/ https://www.bankofengland.co.uk/monetary-policy/quantitative-easing/