 Welcome to Digital Asset News. Take your top stories in cryptocurrency digital assets and bring them on a bite-sized piece as today We've got some interesting stuff about mass adoption. First up IBM is turning patents into NFTs says it's a future trillion plus dollar market and at first glance This looks like a pretty great article, but we really dig into it. It's not that big of a deal I'm gonna explain exactly why on top of that Facebook backed crypto DM updates launch plan Will take a phased approach and the real question is do we really need something from Facebook to get into the cryptocurrency space? We'll take a quick look. I'm gonna tell you it's absolutely not needed and Last two we'll take a look at his former comp troll the currency Brian Brooks to lead Binance's US trading platform and why he was chosen and lastly we'll take a look at a new Bitcoin price concern from JP Morgan at Odds with immense support at 52k and we'll see exactly why JP Morgan doesn't really want Bitcoin to flourish So let's take a look at all those stories and we'll try to get through them as fast as possible first take a look Let's go on the market. So today it is April 21st 545 p.m. Now Paso, Texas time and Pretty great day so far looks like we haven't gone below 2 trillion dollars Which is amazing mark cap 2 trillion and of course for using trade the chain for sentiment analysis to see what's going on And if you take a look at it You've got pirate coin is one of the most bullish coins out there at our I like that one RDD cello DGB and bow ample So let's take a look at what's going on as far as the actual market and the prices and as we can see 7-day change for Bitcoin down almost 14% kind of a bummer But you know what I'll take the 54,000 as opposed to 52 Which we dropped from a very high of 64k and actually we had taken a look at this about what's going on and It's not a big deal and I know we talk about this on the channel But I really need to get this into people's heads, especially if you're new first of all if you're new welcome And this isn't a big deal traditional market. This is awful, but for a little bit of a Depression of what we got now. It's just a Wednesday. So not a big thing Also, we got to remember that these types of dips these types of pullbacks are completely normal And in the last bull run in 2017, we would see things that would go between 29% to 40% so a 21% dip from 64 to 32 not a big deal and we're on the way up Ethereum, I know everybody's happy about this 23 74 congratulations. Ethereum holders I'm one of those who knows what's gonna happen, but it looks like it's doing pretty good Binance up 2% XRP watch out down 27% Hey, you know what who knows what's gonna happen But if this lawsuit gets dismissed like people are talking about maybe it could be a good day I have no insider information, but you know knows maybe it'll be great tether. Nobody cares dogecoin No idea why this is up because I think it's It's still a project. It's still a cryptocurrency. I still think it's trash. Sorry And if you if you comment below, it's gonna go to a dollar I will probably just ignore that Cardano down everything's pretty much down Bitcoin cash up 11% last 24 hours Pretty good 37% for Vechain new partnership was announced of course They're doing great and everything is just a little bit all over the place The big thing I want you to take a look at is the sentiment I know sentiment people say well, you know, what is the big deal about that? It's just the overall feeling of where the market's gonna go And this is all based on trade the chain as they pull that data in From Twitter and they scour the internets and the webs and whatnot and we're still a pretty bullish sentiment I still think we're gonna go up I still think we're gonna hit Bitcoin at 150 K not financial advice And I still think that altcoin season is right around the corner On top of that, let's satisfy your inner trader. Let's click a look on the projected range Nothing really too good right here But if you are a trader and a gambler like some of us take a look at Sora golem Ave unibright who will be token and Aragon Beyond that really can't tell you too much. Also. Take a look at trade the chain There's a link for that 14-day free trial Let's take a look what's going on into the market today. So Not the market the stories the big thing is and this caught my attention Especially when IBM is involved in pretty much anything Because it's a big name and when I saw this article, I was pretty impressed. I'm like, hey, look at that IBM is turning patents into NFTs non-fungible token. So that's a future trillion plus dollar market And it's a pretty good article written by crypto slates Just some basic fluff in here and there, but I really don't care But I really care about it's where the article actually came from and for that we take a look at the IBM website And what I want you to notice here is That IBM has its own blockchain and I'm gonna tell you right now This is great for to get into public consciousness about what's going on But in the overall grand scheme of things, this is a big nothing burger If you're gonna talk about what it could do for you and what's going on. I'm explain a second So first up this was on today April Sorry yesterday April 21st. They announced plans began representing patents as non-fungible tokens or digital assets But working with IBM and they're going to do this to create the infrastructure for representing patents NFTs and storing the records on a blockchain network the tokenization of a lent intellectual property or IP will help position Position pans being more easily sold Traded commercialized or otherwise monetized and bring new liquidity to this asset class for investors and innovators. So first of all there's this thing called an intangible assets and You don't know what that is. It's not a big deal Really what it all comes down to is that things that you really Can't see touch here smell taste Like a patent those are intangible assets and these types of things must be held on Corporations balance sheet. Now the problem is is that it's held there, but how do you give that value? How do you kind of make these things? Be able to come alive as far as like for your for your accountants for your division and then how you would actually Say this has value. Well, this is how they're gonna do something like that By they're going to create these patents and put them into an NFT and put them on They're a treasury or their spreadsheets. So I think it's an interesting point of what they're doing, but here's the big thing by representing Intellectual property in this way be licensed Sold and commercialized. That's the big thing corporations want to know. What's the bottom line? How much can I get for this? How much can I make? Organizations can also more easily view the intellectual property of an assets and their balance sheet. So that's great. Good for them These NFTs will be stored. This is the big thing and shared on the IPW platform Hosted on IBM cloud and powered by the IBM blockchain and then it goes into talks about how this could be great for these Corporations entities and whatnot, but this is the big thing the IBM blockchain. So what does that mean? I mean we think about the IBM blockchain Hyperledger fabric, what does that mean for me and you who are just a retail investor? Well, not a darn thing and we take a look at there was an article written This was on July 2nd 2019 But they all took a look back and said what is this new IBM blockchain? Well, the problem with the IBM blockchain is that it is centralized It is private and there's pretty much run in the IBM Ecosphere, which if you want to talk about blockchain it is what that is But it is not the fundamental analysis of what it actually can become which is decentralized and will never be that So when we take a look at well, where's the token? How do I invest in this? How do I get into this? You can't because it's it's just saved there on the IBM platform And that is why even though they have they launched blockchain pilots with Walmart and Etna and all these different places. I think VeChain did too It doesn't really matter. I mean for the retail investor now This is great for corporations who really are like, you know what? We want something private We want something in here We want something that we can really control and not have anybody access to but that's not the whole points of cryptocurrency and blockchain So again, this is a great idea and it'll probably be like they call a trillion dollar industry But for us this this isn't really gonna be we're not gonna be a part of that So it's not like it's on ERC 20 token or Ethereum. It just is what it is. So again, great article. Don't really see Anything for us per se. Let me know just think of the comments section. Let's move on to our next piece which Speaking of huge corporations who don't need more money Facebook back cryptid DM updates launch plan will take a phased approach and I know as we go through this You probably think to yourself who cares about Facebook and their crypto Project because really if you're gonna talk about the most centralized one I mean, we'll take a look IBM is probably number one and maybe this probably number two So the Facebook back crypto DM firmly called Libra is taking a phased approach to launch Co-creator and chief economist of DM Christian Catalini The aim is to launch a pilot with a single stable coin pegged to the US dollar this year This pilot will be small in scale and we're largely focused on transactions between individual consumers. Well, how convenient DM is now in talks with Swiss financial regulators to obtain a payment license a Big step of our dialogue with regulators has been a phased approach to launch We're going to be phasing in different functionalities and use cases and blah blah blah. Okay. Here's the big thing Listen to this all members will have to undergo extensive KYC know your customer probably AML to Once we get the green light from the regulators We will start experimenting with a small number of users with a small number of players and here's the thing if you were around Back in the day 2018 2019 Facebook came out and they said we're gonna do our own blockchain all crypto currencies last set It's gonna be called Libra and it's gonna be awesome and all these different corporations were lined up to get in line and go You know what Facebook? We are right behind you We would love to be a part of this as you usher in this new world order To make payments available to the global community and the US government said take a seat Grab some bench because you're not gonna go anywhere. We're not gonna allow you to do this global Infrastructure for payment system. That's our job and that's pretty much what happened They pretty much slapped them down and so you're not gonna do it and before you know it all these entities all these corporations that you know What we're gonna just sidestep and you know exit stage left and that's exactly what happened So they're rebranding it they're gonna do this whole thing with Facebook and go, you know what we want to do payments Between all of our users and you take a look at let me show you something. Let me show you something If you take a look at where Facebook is located And the kind of penetration it has globally Well, first of all this I couldn't really find it for Facebook itself But it's pretty global except for China and some other places. They're not gonna allow that thing, right? But remember Facebook just isn't a Facebook. It is Facebook. It is Instagram It is WhatsApp and whatever else they bought and I can't keep track of so they're pretty darn huge So if they're gonna do this DM project, this could be on all the different platforms But here's the question and the question is this Do we really need a global payment system in a centralized manner? By an entity that we can't even trust with our private information Because they have no idea how to keep things safe So you're telling me the same people that leaked all my information online For all the Facebook things and all the different things they've done I'm gonna trust them with my financial incident my financial information. Are you out of your mind? so Again, I don't see a point for this I don't see why I would trust them to do anything with anything with my information and The big question is even if I wanted if I'm in America and I wanted to pay somebody in Nigeria or something like that and I want to do a quick transaction Could they do that could they make it from the US dollar to whatever the fiat is over there in Nigeria? And could they make this actually happen on a low-cost basis and actually do it? Well, maybe but there's gonna be limitations I can tell you like what just like that with like a Venmo that with with a Zell other different types of payment plans or payments Applications, there's only so much you actually send and actually do and here's another thing If they're gonna have KYC for everybody well, guess what in a lot of places in Sub-Saharan Africa You can't be identified because there is no way to do that And that's why there's a huge amount of people who are unservant unbanked. So again, I do not see the whole point of this Let me know in the comment section what you think potentially be a I don't know global payment system We'll see we'll see what you have with that and that's all I have to say on this this one Let's move on to a couple of our last pieces Second to last former comptroller Brian Brooks to lead Binance's US Trading platform. So this is not CZ Binance is not stepping down But Brian Brooks the former comptroller is stepping in for Binance us and there's nothing really great about this article It just you know says this is what it is and the only thing I will say is this With this actually happening and then bringing Brian Brooks in I've said this before and you probably this yourself. It's not about what you know It's who you know and if Brian Brooks can come in there and all the different people that he actually has contacts with How far behind do you think it is for Binance that us to actually be able to bring Binance global Into United States and actually just become that huge exchange. Well, maybe because I'll tell you this Binance just hired former US senator Max Bacchus who served Montana from 78 to 2014 So again, if you're looking for Regulation and to be able to get and to move into different parts of America Why wouldn't you just hire something like this to bring things into the forefront? So I gotta tell you if I was Coinbase, I mean as good as they're doing You got Binance right on your heels And they got a lot of people behind them. Anyhow, let me know what you think about that in the comment section I think this is a beautiful move by Binance, especially to really capture a ton of market share But only time will tell and then Let's finish up. Shall we so? Talking about articles Bitcoin price and everything else. We've seen it quite a slump lately, right? 64,000 just a couple weeks ago and now we're at sitting around fifty four thousand dollars So there's always gonna be somebody who says that to Bitcoin price is gonna be just fine This is Willy Woo. He talks about that There's a line of support, which is the one trillion dollar market cap Which is like the line in the sand and of course he goes to technical analysis and talks about how great it is And there's this line of support here around fifty two thousand, which is the same thing I've heard a lot of ta people talk about who knows Then we move forward JP Morgan is talking about how bearish they are on Bitcoin. This is Nicholas Panna Gertzeglu pretty sure I nailed that name in his latest note argued that his price chip would not see buyer step in like before Futures positions unwinding they would not reverse and thus overall interest in institution Bitcoin bets would now fade and he states Momentum signals will naturally decay from here for several months months given their still elevated levels and Here's the thing They could both be right. Who knows Willy Woo Ta is just an indicator and it could actually be Then you've got you know JP Morgan coming out and saying, you know what we don't think it's gonna it's gonna make it It's gonna go down. It's amazing how JP Morgan always tries to push this price down for Bitcoin I don't know if you see it, but it seems like every time I turn around JP Morgan's like it's not gonna make it It's gonna fail it's gonna go down It's like they're trying to pull the train back to get back into cryptocurrency Don't know if that's the case of what it actually is, but it seems like what it is I just remind everybody again These things that we see these corrections these dips They're all normal and this is not the traditional market space. Remember just like in 2017 I mean, you've got uptrends Look, even when we finished out in 2020 Bitcoin was what around what 30 29,000 dollars Let's see. Let me do some quick math Jennifer. So four months We're doing pretty good. I think even at $52,000 and that's you know, almost double a little bit less 40% Just remember we are in a very very early start of this bull run We're only around mid-April April 20th I think we got a lot of room to grow and on top of that if you take a look at How much as far as like the corrections as far as time frame goes. I Mean last time we had huge dips of 29% which lasted 21 days 33% which lasts for 34 days 40% which lasted 12 days and so on and so forth. So 64,000 to 52. I'm not too sure we won't Correct ourselves and just keep going up. But again Anybody's guess I'm still in the camp of Bitcoin 150k But I still do believe that altcoins will probably crush it This bull run and maybe a lot more than Bitcoin has but time will tell All right, so that is it for today's news and stories. First of all, if you made this far, thanks for sticking with me I appreciate it. If you liked the video found some value give it a thumbs up also consider subscribing all the stories We talked about usually time sensitive and that usually helps out a channel a tremendous amount So thanks so much for watching. I appreciate it. We'll see you on the next one