Joey Hofmeister, Author at TheShift Research

Breaking down the new bipartisan crypto bill proposed by senators Lummis and Gillibrand

Senators Lummis and Gillibrand have introduced a bipartisan crypto regulation bill to congress, called the ‘Lummis-Gillibrand Responsible Financial Innovation Act.’ This New 67-page bill covers everything from clarifying definitions to consumer protection, to implementing clear tax guidelines. The outstanding kicker in this bill according to a summary released on Tuesday is that it actually puts the Commodity […]

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What’s happening in the economy and how it will affect crypto

Stagflation is likely here, the CPI is staying above 8%, and real inflation is much higher. In a delayed effort to try and bring inflation down, the fed is tightening the economy into what very well could be a recession. What is stagflation and what constitutes an economic recession? Stagflation is an economic climate in

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BTC update and analysis leading into June

The fear greed index is near all time lows, and Bitcoin is just hanging on near its 2021 bottom. There are multiple signs suggesting the market could be in for a bull run, however, due to the current state of the economy we may see any significant moves higher, delayed. The Bullish Case Since its

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Gary Gensler’s warning to Crypto investors

Following the Terra and UST debacle and crypto meltdown, SEC chairman Gary Gensler sent a strong warning to crypto investors, emphasizing the lack of investor protections and calling it a “highly speculative asset,” rightfully so. In an appearance at a FINRA conference, Gensler pointed out that crypto investors aren’t getting enough full disclosure on the assets they

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The winning partnership between Formula 1 and the crypto space

This past weekend Formula 1 came to America’s crypto hub of Miami, for the first-ever Miami Grand Prix, and along with it all of the event’s crypto sponsorships. With a major emphasis on globalization in the crypto space, it’s fitting that a global, technology driven sport such as F1, would have major sponsorships from crypto companies. If you

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Hacker Gets the script flipped and loses $7,000

An intended hacker takes the L when trying to Hack NEAR protocol, the attacker lost roughly $7,000 worth of ETH in the failed attempt. On May 1st an attack was attempted on the NEAR protocol rainbow bridge, which was developed to bridge the Ethereum network to the NEAR network. As stories around Defi protocol and

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How will crypto be regulated?

The core reason why crypto regulation is taking so long and why there is probably still some time before we see any clear regulation or guidelines regarding it, is due to 4 key factors. It’s still new and not well understood. It’s a singular technology but has an extensive array of use cases. Up to

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3 reasons some governments don’t like crypto

Over the past year some governments, and politicians have expressed that they are not exactly in love with crypto. Back in fall of 2021 Hillary Clinton opened up about her opinion of crypto saying “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them

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Fidelity announces it will be offering bitcoin in its 401k plans

Fidelity Investments has just announced that it will be offering bitcoin as an option for investors to own in their 401k, this announcement marks it as the first retirement savings provider to offer crypto. Fidelity is the largest retirement plan provider, with over $11 trillion in assets under its administration. This new offering will allow the employees

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99 Originals: Logan Paul Launches the most innovative NFT project

Logan Paul, one of the most widely known YouTubers today, just recently announced his NFT project and DAO (Decentralized Autonomous Organization) 99 Originals. Logan tells the story best, but back in August of 2021 he was hit with a creative passion and traveled the world for 99 days capturing moments on camera every day quietly building

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