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A comment on Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase. Parent comment

Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by chx on Saturday March 25, 2023 @02:26PM (#35305518)
> the rest of the world is pretty much on board with crypto and making pretty big advancements.

https://www.reuters.com/technology/visa-mastercard-pause-cry... "Visa, Mastercard pause crypto push in wake of industry meltdown"

https://www.washingtonpost.com/technology/2022/01/28/faceboo... "The social media giant’s shuttering of the Diem project "

https://www.coindesk.com/web3/2023/03/13/meta-will-end-suppo... "Web3 Meta Will End Support for NFTs on Instagram, Facebook"

https://www.cnbc.com/2022/10/13/el-salvadors-bitcoin-holding... "El Salvador has lost around $60 million on its bitcoin bet one year into a nationwide crypto experiment. The use of bitcoin in El Salvador appears to be low amid the market volatility."

Want more?

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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by chx on Saturday March 25, 2023 @02:36PM (#35305614)
Alright, let's see, what's the easiest to engage with in this , games.

https://www.marketsandmarkets.com/Market-Reports/blockchain-...

> The global Blockchain Gaming Market size in terms of revenue was estimated to be worth USD 4.6 billion in 2022

https://www.statista.com/outlook/dmo/digital-media/video-gam...

> Revenue in the Video Games segment is projected to reach US$372.00bn in 2023.

So that's about one percent of the market.

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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by illiarian on Saturday March 25, 2023 @02:41PM (#35305663)
What you've cherry picked are wishful thinking articles about how everything will just be amazing and great in crypto land. Some day. You just wait.
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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by fbdab103 on Saturday March 25, 2023 @02:59PM (#35305883)
The GP's citation of Visa and Mastercard are cherry-picking? What companies would be more relevant?
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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by overthrow on Saturday March 25, 2023 @03:24PM (#35306166)
The source for those claims is "people, who asked not to be named". Could be literally anyone.

Meanwhile in the same article:

> That does not change [Visa]'s crypto strategy and focus, however, the spokesperson added.

and:

> A spokesperson for Mastercard said: "Our efforts continue to focus on the underlying blockchain technology and how that can be applied to help address current pain points and build more efficient systems."

Isn't it crazy how different those quotes are from the headline? I'd love to know who read those official company statements and then decided to write the headline with the claim from an anonymous nobody instead.

Also: https://twitter.com/cuysheffield/status/1630600556187099137

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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by lowkey on Saturday March 25, 2023 @07:41PM (#35308784)
The OP’s original comment referred to the rest of the world, which I read as those outside the US. My understanding is that Visa and Mastercard are American companies with footprints outside the US yes, but they are still US companies.
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