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Crypto News: Cardano, ETH EIP, India Ban, Metaverse & More!!

Name: Crypto News: Cardano, ETH EIP, India Ban, Metaverse & More!!
Uploaded: 2021-11-29T00:00:00.000Z
Duration: 20 min 8 s
Description: Things are moving fast in crypto as we head into the end of the year including an ADA delisting, India crypto ban and of course the Metaverse!

Nov 29, 2021

Hey Guys,

I know last week was a pretty rough one in the crypto markets, but I'll just remind you that we were at these prices a few weeks back. Not only that, but I think we're about to see a sweet recovery (something which has already started today).

It was a really busy news week last week, and here are some of the topics I will be covering today:

- Etoro Delisting ADA: As I mentioned in my telegram post recently, this is something that I never would have anticipated, especially not under these circumstances. I find it a bit strange if not sketchy that they cite regulatory reasons without actually explaining what these reasons are. Is there something more or is it just stupidity?

- Metaverse Madness: It's crazy how news just keeps coming. Pokemon Go and Grayscale are just the tip of the iceberg of all the metaverse news that came out last week. It's going to be very interesting to see which metaverse cryptos survive the next bear market.

- An EIP that helps: Gas fees are back in the spotlight, but a potential solution is on the horizon. Vitalik has a plan that could reduce gas fees by 5x. I won't spoil the details here, so all I will say is that it obviously comes with a tradeoff, and it looks like there's a bit of resistance already.

- El Salvador Buys the Dip: The president announces the buy while at the same time announcing another ambitious infrastructure project: Bitcoin city. Zero taxes of any kind (besides a small tax when you buy stuff), and the whole city will be powered by a volcano!

- India Back in the Spotlight: While El Salvador buys the dip, India looks at cracking down on crypto - again. A full out ban on all "private" digital currencies, something they arguably need to do if they want to introduce their digital rupee.

- J Pow Staying put: Jerome seems to be more keen to taper than his competitors, and this raising of interest rates could do some serious damage to all asset markets. But, now that he is there for another 4 years, does he have plans for crypto?

All of this is covered in my weekly news today. Hope you guys enjoy!

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Crypto News: Cardano, ETH EIP, India Ban, Metaverse & More!!

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