Friday Finance 6/10/2022: It's gonna be hit or miss
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
The next couple of weeks are going to be a bit hectic for me. I want to apologize in advance if I miss anything important. Camping season is upon @mrsbozz and we are definitely hitting the road running. The second trip we take this season will be our biggest of the year seeing us in the upper peninsula of Michigan for just shy of a whole week.
I will of course have my phone and laptop with me, but I've gotta be honest, Hive will likely not be my priority during that time!
In fact, this was actually a scheduled post and by the time you read it I am likely sitting around a campfire enjoying nature. Some adult beverages may or may not be involved :)
Three or four quick things that I wanted to share on the finance side of things this week.
WAX on Binance US
A couple of days ago Binance US announced that they will be listing WAX. As a WAX holder, this is really exciting for me. If you are someone in the US who has been looking for an easy way to get some WAX in your pockets, this might be exciting for you as well.
In the past it has been kind of hard to get your hands on WAX inside the US. Bittrex was an option, but I think most of us can attest to just how horrible Bittrex can be at times. The only thing more exciting that Binance US listing WAX would be Coinbase listing it in my opinion. Which, given this move might not be too far down the road.
Fingers crossed!
Unfortunately, the listing hasn't seemed to do too much for the price, but that is just the market we are in right now. Although that could just mean it is still a great time to buy!
The Equalizer
No, I am not talking about the old TV show from the 80's. I'm also not talking about the Denzel Washington film franchise that spun off from that, or the Queen Latifa TV show that in turn spun off from those movies.
I'm talking about this article I saw the other day and how a study was done which shows that BTC (and in my opinion cryptocurrency in general), could end up being the great equalizer in income levels across geographies and genders.
Nothing really ground breaking or Earth shattering for those of us involved in crypto. We have seen and known this fact for quite some time, but the fact that stories like this are making it into the mass media is interesting and a good thing.
While the Leo Finance Discord might be dominated by mostly males, a quick scroll through the Hive blockchain (using your front end of choice) will show you that there are plenty (if not more) females involved in blockchain.
It's things like this that should make you excited for the future of blockchain and cryptocurrency.
Low hanging fruit
If you aren't familiar with the term "low hanging fruit", it basically points to something being an easy target. It is the biggest or easiest to reach, so it is what you go after.
That seems to be exactly what the US regulators are doing when it comes to BNB. It's a short article (probably shorter than this post), go ahead and check it out if you get the chance. It's basically more of the same rhetoric though. "We don't understand this or we think this is going to lose us money, so we are going to "probe"/investigate it".
I'm honestly not the biggest fan of Binance US, it is only recently that I actually created an account, but this posturing by the government is getting tiresome.
Speaking of the government
Finally, I saw the other day that our favorite Senator from Wyoming (Lummis) and her partner across the aisle Senator Gillibrand from New York have worked together to introduce some legislation.
This "Landmark" piece of legislation would create a "regulatory framework for digital assets". It would also bring cryptocurrency under the oversight of the CFTC (Commodity Futures Trading Commission) versus the SEC or some other government entity.
I'll be honest. I don't know if this is a good thing or not. If one of the big dogs on LEO sees this post maybe they will chime in.
Personally, I am skeptical. We all know that simply writing up a piece of legislation is a far cry from actually getting everyone to agree on it (or at least the majority). I am encouraged by the fact that this seems to be a bi-partisan effort. With partisan politics being such a sticking point these days getting two sides to agree on anything is a dang miracle.
Time will tell if this ends up being the catalyst we need to move forward towards mass adoption (not that we aren't heading that way already...).
That's all I've got for this week. Check back next week for some more financial fun!
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