Weekly Update 09.29.23: BitBoy On Fire, SEC, Polygon, Coinbase

WEB3 UNPACKED

Video Podcast: https://youtu.be/0dIX9NQGhLE

Good afternoon everyone, it’s Friday September twenty-ninth, twenty. twenty three, and this is your weekly Crypto review. Here are some highlights to bring you up to speed…

• During an appearance before the U.S. House Financial Services Committee on Wednesday, SEC Chair Gary Gensler says Bitcoin isn't a security. We truly wish, Mr. Gensler would come to the proper conclusions regarding Crypto currencies, and soon!
• Coinbase went directly to DC to launch their new and very clever campaign called “#StandWithCrypto” this week. They created branded nitro coffee and packaging that touts US crypto stats and analytics, but the best part is, they left them for our unelected SEC chair, Gary Gensler to see and enjoy during Congressional hearings this week. To learn more please visit, America loves crypto dot org.
• Terra Luna Founder Do Kwon Asks Court to Deny Extradition Request. The defense team for the Terraform Labs founder has asked a court to dismiss the request since Kwon is already in Montenegrin custody.
• Polygon announced Friday that Google Cloud is officially a validator for the proof-of-stake sidechain. Polygon is transitioning to a validium-based system supported by zero-knowledge proofs. The same infrastructure used to power YouTube and Gmail is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.
• And finally… Ben Armstrong, AKA BitBoy has informed the world he is taking a one week break from Crypto to deal with personal and business issues. After the last weeks Ben antics, we think it would be a good idea if he took a little extra time to sort out your issues, please!

Thank you for tuning in, for more insights into the world of Web3, and how to navigate the rapidly changing crypto and blockchain landscape, visit MVMT dot Media and look for Web3 Unpacked podcasts on Apple, Spotify or wherever you get your podcasts.

The information provided in this broadcast represents the sole opinions of MVMT and should not be construed as financial advice. Any actions taken based on this information are at the sole discretion and risk of the individual, and MVMT disclaims any responsibility for the consequences thereof. It is strongly advised that individuals seek qualified professional financial advice before making any financial decisions.