In this article do not uses Dot, comma & Question mark Etc... :)
The residents here okay all I'm seeing is green I don't want to jinx it so let's just tread carefully if we look at some of the biggest gainers of the day. We have mixing up 09.85 -17.7% Bitcoin gold on 13th Friday. I know they had some news about their wallet and they had a successful Fork populous data token gas ontology Bytecoin - 0x team ethos and Zlliqa all making nice returns bitcoin is sitting at a comfortable six thousand two hundred and fifty-six dollars although, I'm sure we'd like it to be a little bit higher Bitcoin dominance has fallen by 0.4% which means some of these alts are probably seeing a little bit of love so hopefully we took the weekend dip early and we'll only be going up from here but you know flip a coin.
who knows anyway moving on guys so I wanted usually I get right into the news today I wanted to talk about an article that I found quite interesting about potential manipulation in the space I know it's a topic we talk about all the time so but this article is entitled dear cryptocurrency investors they're trying to trick you so in a nutshell I'm not going to go through this whole article but it's basically about a guy named George Hearst alright and at the time.
He owned three of the highest producing mining operations in American history no I'm not talking about Bitcoin mining. I'm talking about actual physical mining like in you know in the ground and stuff like that alright so the thing is though is he didn't exactly acquire these in a standard way so basically one of his best tactics was to buy local newspapers to circulate what we would now refer to as fake news.
right so his goal was to basically acquire claims on the cheap by scaring individuals into thinking that the government was going to swoop in and seize their land fear started to settle in on the town and people would rather sell their claims at a deep discount to Hearst and let him take all the risk with the government saying that you know they might be able to lose everything the problem was is that the government was never really a threat and it was Hearst who started all the rumors to gimlets why am i bringing this up well does this start to look familiar guys I highlighted a few paragraphs down here you have Jamie Dimon right the CEO of JPMorgan.
Coinpedia
he's been bashing crypto currencies in the media while his London trading desk has been buying them up at the same exact time seems a little odd don't you think why would he be talking bad about cryptocurrencies to the media and at the same time be buying cryptocurrencies for himself hmm sounds like the George Hearst strategy doesn't it shortly after the first decline of crypto currencies in 2018 Poland Central Bank came clean about hiring a marketing.
firm to create bad publicity for Bitcoin and crypto currencies why would they do that oh wait because they don't want to buy crypto that super high prices sounds like the George Hearst strategy are you guys seeing a little bit of a repetition here same thing with the mainstream media okay you know talking negative about it while they're busy buying it all up in the background so just be careful and don't take everything that you see for face value there's a lot of reasons why people are doing and saying and acting the way that they are and yeah so that being said I just thought that would be a very interesting way to start this off and the other thing I want to mention too is for anyone that's like oh bitcoins in a bubble this isn't a bubble huh yeah well guess what I was talking to somebody yesterday who was telling me.
everything's in a bubble housing is in a bubble and to prove it there is now officially three times more debt in the world than there is actual money if that's not a problem I don't know what is guys however.. I'll tell you one thing if you had a dollar last year this time you still have a dollar however if you took this guy's advice and you bought a Bitcoin last year you still have a Bitcoin but you also have two and a half times the value that you would have had in dollars that's something to think about so this short-term mentality that we have sometimes you have to look at the bigger picture okay so guys let's talk about some news we have crypto exchange by Nance is backing the world's first.
decentralized bank in Malta so founders Bank will now be providing what in well what they call a progressive FinTech solution to the world of innovation and blockchain so this project is a collaboration between the world's largest cryptocurrency exchange by turnover by Nance I'm sure you're all aware of that but right now and a new fund so the Junior Minister for digital innovation in finance had this to say he said this is another block to our ever-growing blockchain island ecosystem next week we will announce other complementary projects that will continue to close the circuit for the system to function the culmination of which will be exhibited during the government-backed delta summit to be held between the 3rd and 5th of October in malta you have prime minister Joseph Muscat also retweeting the founders of the founders bank announcement and he's been a very supportive Prime Minister of this whole thing in general and also in comments easy had to say this he said we're not only excited to be one of the
first investors in this inclusive community for this pioneering initiative but also look forward to exploring the full range of its banking services we continue to be delighted by the vibrant blockchain opportunities in Malta and look forward to launching more partnerships in the region as well so Malta is definitely doing big things on track to be like that decentralized cryptocurrency kind of Haven right so that's really awesome news also you have litecoin Bitcoin cash they have been added to Robin Hood investing app more opportunities more ways for people to get involved I also wanted to just kind of give a quick shout out to brave they've officially passed 3 million monthly active users and have now made the top 10 list in Play stores in 21 different countries so congratulations brave browser if you guys haven't tried it yet it's a really awesome experience no ads and you know there are things that can be worked on in the browser however I will say that the team is superfast you send them an email they usually get back to you that day so yeah really awesome congratulations for bat let's talk about our favorite coin that likes to just keep on keep on chugging which is Walton chain so Walton chain subsidiary silica Tek officially signed a strategic cooperation agreement with ghom finance a subsidiary of Goma Holdings group now you can see right there there they are so basically what are these two groups well Gold Finance has the perfect use of financial services in retail seen relying on its 31 year industry experience Science and Technology and support of numerous satisfied users by of 2017 gum finance realized 100% coverage in China with 1,600 offline ghom electrical appliance retail stores across the country and provided comprehensive final services to over 10 million users and silic tech Walton chains technical subsidiary is committed to research and development of human smart sensor chips based on the image sensor technology of a new generation
its modules chips and application solutions are expected to be widely used in LED lighting smart security consumer
electronics the new generation of communications IOT iov public utility management location-based services and many more so that's just more good news coming out of Walton chain now if we have a look over at bank or bank or the self-styled decentralized exchange platform has pledged to tackle cyber crime threats to cryptocurrency so after that situation that we had last week I actually had an opportunity to reach out to the bank or guys and they are coming on the channel but unfortunately we couldn't set up a time for like another week and a half so I mean that's gonna be cool but I wish that they would have been able to come on a little bit sooner but anyway summarizing the platform's future plans co-founder guy Bernard C also announced that bankers internal tools that help track its hack funds would be made available to a wider audience so this move will be a form of a precursor to major crime-fighting initiative.
which you know they hope will result in a contribution of resources and compatibilities to fight crime together so that's basically their initiative from that situation we also have d chain MVP Rocky Mountains being released so you could come over here you could check it out on their Twitter or their YouTube so they do have a video up dr. Wei Wong he's speaking each another has two modules minor part just are going to provide their part no fun let's start metal box alright it's not exactly the most interesting video to watch ever guys but they do have the MVP available if you guys haven't seen my video with chief scientists wait long over here you can go check that out on my channel as well so another thing I wanted to talk about is so see he says I don't like big icosthis was a really eye-opening kind of idea about all these icos that are trying to raise these huge huge huge amounts of money and he actually even relates it to his own company as well finance so he gives the two examples he says say your project is worth 200 million today and you sell 50% at 100 million in your IC o---- a day later your coin is trading on Finance calm hype and market overreaction aside unless you have increased your projects worth in a day the price won't go up further on the exchange when price doesn't go up it goes down a certain number of people short-term traders will dump it for coins that are rising quicker the dump causes prices to go down when prices go down more people the less certain ones will dump as well causing a downward spiral he also talks about people are going to lose money they're gonna call you a scam they're gonna they're gonna basically talk bad about you and then you're going to be spending all your time trying to fight negative PR instead of actually putting your head down and focusing on the tech and on top of that you immediately have this heavy burden that you realize you're going to have to make your project move from 200 million to 400 million valuation which is not an easy task especially in bear markets now he compares it to this other strategy he says say your project is owned is worth 200 million today or whatever you'd like to think but you set your ICO valuation to 30 million and sell 50 percent for 15 million by the way these are the actual numbers for buy Nance at their ICO he says I think they're very decent numbers..
by any measure for just our promise to deliver but basically his idea is that he wants you to value your ICO low and allow your project to provide that quality and provide that value over time which should increase it but when you start with these really really really really big numbers you basically throw everything in all at once and it generally does more damage to your ICO than it does help it and in fact when you really live out a lot of these projects or just a lot of businesses in general like in the real world that aren't icos getting value a you know a value of a hundred million dollars is a lot in the real world but you know thinking about these ICO is just doing it just because they can that's pretty insane so that was definitely something to think about guys before I move on into just the regular everyday standard news.
Moneylife
you know you know I always like to drop like one or two things have kind of like educational knowledge in the video so I do have this article it's a it's by William crip 97 and it's the blockchain the block lattice and the tangle for dummies so a lot of people don't necessarily 100% grasp the difference between blockchains DAGs and then within those models
different concepts like tangle and block lattice so I think this was just a really great article you guys can come through here it's pretty short so I think there's it's part one of three I think it's a series looks like he's running on the blockchain and the Bitcoin network so definitely check that out if you guys are interested now moving on to the news of the day the crypto related news so we have tether so they've recently brought on Leonardo real who's the former AML Quality Control Manager at the Bank of Montreal as chief compliance officer the hire was reportedly made in order to create the gold standard for regulatory compliance so if you look a little bit about him he's a seasoned professional in the traditional financial industry his background includes not only his position at the Bank of Montreal but also bridge force financial one of Canada's leading managing general agents etc etc he's experienced in stocks futures trading so I guess they're just trying to do this for a good look bring on somebody with credibility to kind of fight that whole tether flood that just still keeps going on no matter what you know what I'm saying so in other news so we were talking about that big money coming in right so you have billionaire Steve Cohen he's invested in a hedge fund focusing on crypto currencies and blockchain based companies according to a person familiar with the matter the investment the investment was made through his Cohen private ventures so the hedge fund which is called autonomous partners was started last year by Arianna Simpson who is an early advocate for crypto currencies it has also secured investments from Union Square Ventures coin based incorporated chief executive officer Brian Armstrong and Kraft Ventures co-founder David sacks so I don't know in other news so it says crypto currencies will take center stage once again at Capitol Hill next week the US House of Representatives Financial Services Committee announced Thursday that it would be hosting a hearing titled the future of money digital currency on Wednesday July 18th the committee has yet to announce a full list of participating witnesses the event will be live streamed on its website and I actually do have the website pulled up here this is the event right here I'll drop a link in that if you guys want so that would be listed 100% live and yeah so before we go guys I also want to say yesterday I put a poll out of which cryptocurrency you want me to cover next out of three
Hundred and fifty five votes 47% of you guys voted for mainframe so you guys can expect a mainframe review from me later
on today and also if you guys aren't following me on Twitter it's at the crypto zombie I do polls like this all the time get involved is a community thing you know so yeah there you guys go and well actually if we have a look yes so mainframe actually is doing pretty well today guys so I don't know if they heard about that poll but um anyway that's probably just complete coincidence but moving on I wanted to just before we go point out so there's this 1979 computer store manager predicts the future news by David Hoffman now it's a copyrighted news so I'm not I'm gonna allow you guys to go view this but I just wanted you guys to just kind of listen to this for like five seconds it reminds me of where we are right now the things that we're talking about and how other people kind of look at you like huh right imagine the vision that these guys had back in the day for where computers would eventually take us in the future and now I mean we literally have computers you know phones in our hands but you know just like for five seconds listen to this dude or any so totally objective device certainly that you can see from those two examples that we're talking about housewives to deal with computers and housewives that don't cab drivers that do and don't so on and so on it goes as to this question of information society those that will deal with the computer will be far and away ahead of those that do not computers are designed to eliminate tedium in our lives if if a computer does not do that the probability is that you you really didn't need a computer to begin with you probably needed more arms and legs it's is going to be very interesting the future this question of how many jobs are going to be created and how many jobs are going to be totally obsolete by the computer a computer really has never obsoleted a job that didn't need
to be obsoleted so guys, I'm not gonna spoil the whole articles go read it for yourself but it was just so interesting to see somebody talking about the computer in such obscure way that you know now it's like well duh of course it makes things easy you know what I mean but you know there's always that that backlash when new things come out and there's always those pioneers in the space.
so that being said guys thank you so much for coming back to my channel it's Friday guys yeah it's the weekend let's go out let's enjoy ourselves it's a beautiful day here in New York I hope it's a beautiful day where you're at if not it's a beautiful day just because it's Friday anyway so that being said I love you guys you're awesome shout out to everyone that's been follow Voting and commenting you guys are the best thank You.
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