 Welcome to Digital Asset News, the good top stories in cryptocurrency and digital assets. Yeah, break it down to bite-sized pieces. Today, I got a little bit of a pullback, and that is what is going on with the market. And I think I have a small idea about what is going on, and we'll get to that in just a second. Also, this is one of the scariest articles I've read in quite some time. Paytm freezes Indian bank accounts suspected of cryptocurrency trading. And this is just one example. There's a couple of examples here that make me really wonder what is going on in India, because not too long ago, the Supreme Court of India declared cryptocurrency legal. So what is going on with the banks? And smart money grayscale, XRP is poised to benefit from the $2 trillion global payments market. And the question I have is, why this and why now? That'll lead us to a question of the day. And we'll go over that at the very end, but let's break into what's going on with the market. First up, I think we all knew this was coming. And here we are. So it is August 11th. It's about three p.m. Texas time. And it looks like Bitcoin had a little bit of a pullback, dropping 4.8%. So if you are in the traditional world and just came over to cryptocurrency, welcome. Some may say this is a very scary day in the traditional world. We just call this a Tuesday. So not a big deal. Ethereum, down almost 5%, XRP. I mean, everything across the board is down, down, down. Now there's some that have taken quite a tumble, 8% for Bitcoin SV, 7.8% for EOS and what else? Pretty big Monero took a big dump. Well, I'm sorry, not a big dump. A little pullback is like to say 7.27 Cosmos 8.3 after being up majorly. And that is just how the market goes 8.9% for Dash. So yeah, that is that is bound to happen. And these the days, not like like I talked about in yesterday's video, last week was fantastic, right? The highs. And I could feel that FOMO coming in for everybody who had all these comments like this is it. This is the beginning of the parabolic bull run. This is the big bull run. This is going to happen. This is this, this, this. Like just wait, just wait. And I hate to be the wet blanket. But that is who I am. I've been around this this game for a little bit of time. And this is my first rodeo. And I think this isn't yours either. But you have to stem the exuberance of all the people that are coming in that have not really experienced this. So this is just another pullback. And it's not a big deal. And this goes and this brings me to my next point, which was just three days ago. I had talked about, Hey, you know, when chain link was pumping massively, and it had it hit the six spot, I said, Hey, I've been talking about this project for months and months now over five months. And I've told you it's going to do well. And it's going to do well. And here we are. But the thing was, I made mention of, as far as cryptocurrency, the first rule of crypto and digital assets is we do not FOMO. The second rule of crypto and digital assets is we do not FOMO. And people are like, you're crazy, old man. You don't know what you're talking about. It's going to go up to the moon. It's going to be fantastic. Chain link is going to go up to $20 and that it I'm like, maybe, I mean, I mean, I could be wrong. I'm wrong all the time. I asked my wife, but I mean, I've seen this, this game, and I see what's going on. So I said, do not FOMO and do not FOMO. Trust me. And some people listened. Some people didn't. And I'm not no sure. Domus, I just thought it would now. I could have been totally wrong. I mean, chain link could have been, you know, gone up to 20, 30, 50 bucks. I mean, it could have, but in my opinion, I'm just like, just stick to your plan. Whatever your plan is, I don't think your plan is to, you know, find out when the exact moment when the parabolic bull run is going to happen and dump in your $510,000 $100,000 into one project and just right at the top and then get out the very top. That is crazy town. That will never happen. I'm just here to break it to you. It's very hard to do that. I don't know if anybody has done that. So don't even try it. So what I always say is just dollar cost average. So like this week, as a matter of fact, coincidentally, today was a day when I buy my chain link and it comes out automatically on the Voyager app. And I also have some other cryptocurrencies that I buy on Gemini. So I'm not saying don't buy these things. I'm just saying don't go all in. Cause I think a lot of people went all in a couple of days ago and they're like, no, I'm going to catch it. And now they're sitting there and they're like, shoot 8% down, 6% down, 10% down or whatever else it is. And I know what you're going through because I want the exact same thing. There's that feeling that in the pit of your stomach. If you did that, it's okay. Learn from that move on. It's going to be fine. Like I talked about, if you're worried about you missed the train, don't worry. There's another train coming right out of the corner and the days a day to buy that dip. All right, let's move on. So first up, there's a couple of different things going on with Bitcoin. There's the supply issue. There's different things with Bitcoin being bought up and then being transferred. But I have always suspected that the reason why Bitcoin is going up is for two reasons. First of all, because of the ridiculous quantitative easing or the money printing that is going on in the United States and globally. So that is one thing. And the second thing is also because of this coronavirus. I think as it has spread across the globe and it's hit America pretty tough, and that is actually tank the economy. I mean, not the stock market. Stock market is going crazy, but the economy takes a big hit and especially small businesses. So I always said, if you're going to have a problem with this pandemic elongating or with something with the economy, like maybe a job support that comes out that is still bad, then Bitcoin and gold will probably shoot up. But as things start to reverse, I said, I believe that Bitcoin will actually decrease and so will go because people, when they get worried, they're looking for a safe haven. They're looking for safety. They're looking for some kind of sanity. So when you have like the economy tanking and this coronavirus like, what do I do? What's going on? The quantitative easing will get Bitcoin and gold. But then when the economy turns around, they're like, hey, I don't need it that bad. I think everything's going to be fine and it's good. And here we are today. We just heard reports that Russia has approved a coronavirus vaccine before completing tests. And what everybody hears is this. Vaccine's been approved or, you know, vaccine is coming out of Russia. That's what they're here. They don't hear the little details that are going on. And I don't really believe this myself. Let me think of the comment section, but I'll believe it when I see it. So that is one of those things. And of course, there was a jobs report that just came out a little bit ago, and it talked about how the non-farm employment rose by 1.7 million jobs in July, with private sector payrolls up 1.4 million and public sector payrolls up 301,000. The increase in public sector payrolls is more illusionary than real stemming from seasonal adjustment issues. So again, nobody cares about this last sentence. All they hear is, hey, better than expect the jobs report. And that's the problem. Because we just kind of look at everybody's looking for the most positive thing. Give me positive. And then when they find it like, great, I'm gone. So the same thing's happening with, I think, Bitcoin and gold. And actually, I was on Alex Maschioli's podcast and YouTube show. And they asked me, they said, you know, what do you think's going to happen with Bitcoin? I said, well, if this pandemic continues and the economy sucks, it's going to do great. But as soon as we get a vaccine, probably going to tank a little bit. And now here we are. So again, I'm not nosher Thomas. That was just a hunch. And maybe it's right. I don't know. So we will see what happens. And Alex, I'm still waiting for that episode to air, but just saying. All right, let's jump into our next article. So PayTM freezes Indian bank accounts suspected of crypto trading. Good Lord, I got to tell you, I saw this and I was like, well, that's kind of scary. And I read it and I'm like, that's frightening. So what's going on? India's largest mobile commerce platform, PayTM, it's a pretty cool name. I got to tell you PayTM has reportedly been freezing the bank accounts of users suspected of crypto trading even through cryptocurrency, including Bitcoin is legal in India. So PayTM payments bank, which describe itself as India's largest digital bank with over, check this out, 58 million account holders. Wow. Has reportedly been blocking customers accounts suspected of trading cryptocurrencies. PayTM is India's largest mobile commerce platform with about 450 million registered users. That's a lot of users. So scrolling down, PayTM would not be the only bank to have a problem with cryptocurrency trading. Last month, Axis Bank, India's third largest private sector bank reportedly called customers, let me get this straight. They called customers personally and they asked them whether they use the accounts for cryptocurrency trading. Can you imagine if your bank, let's say USAA Wells Fargo Chase, they called you up and they go, Hey, Barry, just a little quick question. Are you using your money? That is your money that we have no control of. And oh, by the way, thanks for putting in our bank so we can lend more of that out for fractional reserve bank. We really appreciate that. But anyhow, the question is, Barry, are you buying cryptocurrency? Oh, you are. Well, we're going to shut you down. Can you imagine that happening? I mean, to me, that is a brave new world and it's the scariest thing I've heard of in a long time. And yeah, getting back to the article, the bank also warned that it will block accounts used for this purpose. Some customers said they were also asked to sign a declaration form confirming that they do not deal in any type of virtual currency transactions. Let me read that again. They had to sign a paperwork that said they're not dealing in any kind of virtual currency transactions through their accounts, through their accounts of the bank. Unbelievable. So before the Supreme Court quashed the central bank's circular march, banks were closing accounts suspected of being used for cryptocurrency trading. Just as a refresher, the Supreme Court of India, they struck down a law which made cryptocurrency illegal, essentially. And they said that people are free to choose what they want to do. And the RBI, the Reserve Bank of India, was pretty ticked off because that directly went against what they were saying. But now, all of a sudden, the RBI is saying, hey, crypto trading is not illegal, banks are not restricted. However, banks can act in their own interest, so users are advised to take caution. What a bunch of nonsense right there. So the Reserve Bank is like, hey, it's not illegal, and you think they're not telling their banks, hey, you better get a hold of this, you better get in line, you better grab some bench and sit down because we are not going to allow this to happen. So step up, get in line, kiss the ring, and do what we say. Just an opinion, I could be wrong. Let me know what you think in the comments section and let's move on to our next article. Next up, Grayscale. XRP has poised a benefit from the two trillion global payments market. And right now, I can tell you all of the XRP Army is really excited about this and everybody else is groaning. But just stick with me, this is pretty interesting. So now, they're talking about Grayscale, the already popular big buyer is shifting its gaze to another crypto called XRP. And of course, they were heavy into Bitcoin, they were buying Bitcoin up like crazy. See, I remember an article which talked about that Grayscale was buying all of the Bitcoin that was being mined plus everything else they get their hands on for like last three to six months. It's crazy. Anyhow, in a recent Twitter post, Grayscale seems to be throwing its weight behind the number three top crypto. So let's take a look at that tweet. So this is what they say, hey, why might XRP have the potential to capture significant value from the more than two trillion global payments market, download our building blogs report and XRP to learn more. So it's interesting. So I clicked on that, sent me to this page, and they just pretty much give you like a brief overview on this what's going on. So they're putting some time into it and they're talking about XRP a little bit more so and you can download the report. And I will link this in the description if you want to download it yourself, you have to leave your using your email and information so they can get a hold of you probably. But this is what the report looks like. And I went through it very briefly, but it's got a lot of detailed information about what everything is. So it's good to see that Grayscale is pushing a product that I have invested in. Look, you understand, I'm biased because I mean, I have Bitcoin, Ethereum, XRP, Chainlink, Cardano, Tezos, EOS, VeChain. So when I talk about these things, it's because I'm biased. I try not to be, but it does seep in every so often. And this is one of those examples. So again, I'm very happy for this, but let's see what happens because on the positive, that's great Grayscale is doing that. But as a lot of people know, it doesn't matter how many positive things come out about Ripple, the company, and then XRP, their cryptocurrency, it seems to not make a difference. And right now it is, gosh, what is it trading at? 27, almost 28 cents. So I gotta tell you, XRP has been around that for a long time. I'm beginning to think it's a stablecoin, honestly, because it's like it never moves. And that's just my two cents. But yeah, go ahead and check out that, this report, very detailed, looks like just, you know, different things about XRP and how great it is and how it could potentially take over for Ritten's payments, which I believe it's either that one or Stellar, one of them is going to win. And we'll see. So here's my final thoughts on this. Grayscale is a pretty smart company. They've got, very Silberks, I always say his name wrong. I'm sure I'm saying his name wrong, but he's, I mean, he's a smart guy. He surrounds himself with smart people. And they do, they are what is called smart money. I mean, except for its choices and commercials. And if you know what I'm talking about, see yesterday's video where I reviewed their recent commercial, just awful. But I got to, I got to tell you if, if they're pushing it right now, because the question is, why now? Why are you doing this now? What's going on? I mean, you had Bitcoin right there and that's going to go up massively. So why are you pushing XRP? So I think that they know something. They know something because they run around in circles that you and I will never be privy to. And I'm thinking to myself, what do they know that we don't know? And maybe it's something big or maybe it's just something, just a hunch. Let me know what you think in the comments section and let's move on to question of the day. So question of the day comes to me from OA or actually Andrew. And he had been email me for a couple of days about the Voyager app. So let's just break into that right now and jump into the office. All right, welcome back to the office. So today, the question of the day comes to us from OA or Andrew. And Andrew got a pretty good question. He says, Hey, Rob, here's an update regarding being able to withdraw my tasos. And actually, Andrew had emailed me a couple of days ago and said he's having issues with taking different cryptocurrencies or assets off of the Voyager platform into his nano ledger, because that's what he wants to do to keep everything safe, which I can totally understand. So he's been going back and forth with Voyager. And he said, so they pretty much figured it out. They told me that you can't take all these different assets off only certain ones. And he states there should be some type of info in the app next to our holding that lets us know that it can't be withdrawn. So on the Voyager app, well, first of all, if you look at a description of every one of my videos, there's going to be a link that's going to look like this. And what this link has is a link to all of my different exchanges and wallets that I have am using or have ever used in the past. And these are the ones that I recommend. And it goes over everything as far as what the fees are, if there's any insurance, the trustworthiness, what I think about them. And I can just tell you right now that there's someone there that I just totally do not recommend because I just didn't like them. So Voyager is one of my top two picks. It's between Voyager to buy everything and Celsius for the interest rates. So the thing with Voyager, and this is currently a problem, is that out of all the different digital assets that you have, you can only take off certain ones. And right now, those certain ones are the basic attention token, Bitcoin Cash, Bitcoin Comp, Die, Dash, Engine, Ethereum Classic, Ethereum, K&C, Chainlink, Chainlink, Litecoin, Maker, OMG, OXT, Tether, USDC, USDT, Voyager, and ZeroX. So those are the ones currently that you can actually take off right now. The other ones, they offer them, you can buy them, like Cardano, VeChannel, and other things, but you cannot take them off the app. So the question that I had was how, well, first of all, why is that? I don't understand. And the second of all, that Andrew came up to me and he asked me in the email was, hey, what's the whole thing with waiting five days? It seems like a ridiculous amount of time as opposed to a place like Coinbase. So these are questions that I had, too. So what I did was I reached out to people at Voyager that I knew, and I go, hey, what's going on with this? I don't understand. I got people who haven't given me questions and I recommend this. So what's going on? And they gave me an answer and they said, it was a simplified answer. And they go, hey, you know who could answer this perfectly would be our CEO, Steven Erlich. And I said, great. Here's what I do. Instead of handing him an email on me, I do a queue of the day. It only takes like five minutes. Get him on a Zoom meeting with me. And I said, sure. So tomorrow I'm going to be asking Steven two questions. First of all, why is it take five days for the digital assets that we purchase with our money to be taken off of the platform? And the second thing is out of all the different cryptocurrencies, digital assets that we have right now that are available to us to buy, why is it like certain ones like Cardano and VeChain? We can't take off yet. So those are my two big questions that I have for him. So we'll see what he says. This guy from what I've read and what I've seen, a pretty outstanding guy. He was the CEO of E-Trade before he became the CEO of Voyager. So he's been around the block. He knows a lot of smart people and he seems to care about the community. So we'll ask him the questions. And the big thing here is that you have to remember something is that all these people that are out there that have these exchanges and these wallets and everything else, we don't work for them. They work for us. So when we have these questions or we have someone that we want to get answered or we need things, when we reach out to them, we should be able to get some kind of response. So if you're on exchange right now or a wallet and you're sending out your requests and they're not getting back to you, go to where you're appreciated. And that's all I'll say. And if you want to take a look at where I've been appreciated or the ones that I actually like and currently use and trust, go ahead and click on that link in the description of the video and you can see all different exchanges that I've used and different wallets. So that's it. So tomorrow we'll ask Steven and hopefully Andrew that gets part of your question answered. All right. Let's jump back. All right. So that's it for today. So thanks for sticking around. I really appreciate it. Remember, we're going to have ups and downs and it's okay. Just the first rule is don't follow Moe. Just follow your plan and you're going to be fine. But I will say this, I would do like to do random shout outs for everybody who has joined digital asset news. If you don't know underneath there's a join button. You don't get anything special. It's just like a tip. It's like a buck 99. And then these people join up and I give out, you know, random shout outs. So who we got? Lance Banzer, Bill Austin, Justin Ross. All right. This was, I like this one. Full Jeff. Full Jeff. Dreamer. I'm going to, I'm going to try this one. Her Vohe Soak. I think I nailed it. All right. Soft. Joseph F. Bill Jerke, Sam Rossman, Chris DVM, Jesse B, and Stevie A. Nice. And that's it for today. So again, thanks for sticking with me. I really appreciate it. If you like these videos, there's going to be two more that's going to pop up on your left and right. I don't know because YouTube has a controller with that. I don't do anything with that. Just like the ads you may or may not have seen in the beginning, middle, and potentially end of this video. If they're a scam advertisement, I have no control over that. That's all YouTube. Go complain to them. But that is it for today. So I really appreciate it. And I will see you on the next one.