• Crypto Brew
  • Posts
  • ☕️Blackrock said this about btc on live tv...👀

☕️Blackrock said this about btc on live tv...👀

ALSO: web3 games are growing up fast

GM Brew Crew, allow us to remind you that despite today’s Monday feel, the weekend is just around the corner. And guess what? We have a fresh and juicy breakdown waiting for you below. Let’s dive in ⬇️

On the menu today:

  • 🎮 WEB3 GAMES TO LVL UP SOON SAYS ANIMOCA FOUNDER

  • 🚨 U.K. ANNOUNCES NEW CRYPTO RULES

  • 👀 BLACKROCK CEO GIVES BULLISH TAKE ON BITCOIN

Today’s Charts:

🎮 WEB3 GAMES TO LVL UP SOON SAYS ANIMOCA FOUNDER

By the conclusion of 2023, Yat Siu, the co-founder of Animoca Brands, anticipates that several of their blockchain gaming investments will be ready for market launch. 

Animoca's co-founder expects top tier ‘AAA-level’ blockchain games to launch by 2023/24, reflecting the industry's shift in focus, capital, and talent.

What is changing from the web3 gaming landscape we’re in now, versus the next ~12 months: The talent that’s assembling the product.

They're built by people who know how to make games whereas maybe three years ago, a lot of games came out built by excited blockchain guys, but who knew very little about what it takes to make a game,” - Yat Siu

Siu continued on by speaking highly of Immutable's work, which contributes to enhancing transaction speed and minimizing costs. ⬇️

🚨 U.K. ANNOUNCES NEW CRYPTO RULES

The UK's Financial Conduct Authority (FCA) has announced new rules on the financial promotion of crypto-assets in the country.

The new rules place compliance burdens on companies marketing crypto and require strict adherence to complex rules regarding communications and marketing of crypto-assets.

Certain types of regulated activities related to crypto, such as arranging deals or managing investments with crypto as the underlying product, are folded into the FCA's regulatory scheme.

Developers and issuers can still do business in the UK, but they need to approach it with more caution, particularly regarding marketing and communication with consumers.

👀 BLACKROCK CEO GIVES BULLISH TAKE ON BITCOIN

Larry Fink, CEO of BlackRock, the largest asset management firm globally, discussed BlackRock's application for a Bitcoin ETF and expressed his pro-crypto views. 

In an interview with Fox Business yesterday, Fink said, “we do believe that if we can create more tokenization of assets and securities - that’s what Bitcoin is - it could revolutionize finance.” 👏

Fink mentioned that cryptocurrency plays a role in digitizing gold and suggested regulators consider the potential democratization of finance through a Bitcoin ETF.

Fink also emphasized that Bitcoin is an international asset, not tied to any specific currency, making it an alternative investment option that can be used as a hedge against inflation or currency devaluation.

Brewski got real turned on listening to the CEO of the world's largest asset management firm with over $9 trillion in assets under management get bullish on Bitcoin… 😆

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.