 Welcome to Digital Asset News, the top stories in cryptocurrency digital assets and breaking down into bite-sized pieces today, fascinating stuff. First up, Cardano's blockchain technology set to usher in the fourth industrial revolution in Georgia. And this actually comes about as something that Charles Hoskinson had said in one of his live streams and how it's all connected also. The example of the craziness that is cryptocurrency digital assets, DeFi's raw deal, Sushi Swap Creator transfers multi-seg control to FTX CEO and we're going to take a look at what's going on with the price action as far as Sushi, hint hint, it's up. Also, almost a billion XRP is sent to claim the Spark tokens as four exchanges announced support for the upcoming airdrop and I'm going to tell you which ones those are and how important this actually is. And Q of the day is going to go over what the heck is going on with Bitcoin Cash and this hard fork coming up in November and is it reversible? I had to reach out and grab this guy to answer the question because I need to know what the heck's going on. All right, before we get out, let's take a look at what's going on with the market is 11 a.m. taxes time and it is September 7th Labor Day. Congratulations to everybody. We made it. Let's take a look at what we got. So first up, Bitcoin is actually above 10,000. So I'm pretty happy about that. It has been dipping below that 10 K to like the 9, 9, 9, 8 range. So I'm just happy it is where it's at. Hopefully it'll stay there. Ethereum almost at 350. So kind of teetering around that. And again, I thought this was going to go much lower, but it's actually buoyed to that price point. So I'm happy that it's staying there. Tell us, Tether, nobody cares. XRP, watch out, 0.3 cents. Chainlink, number five spot again, and it's up 0.3% up to $12. Now, this had actually gone below $10 and was in the 9, 8 range. So I'm happy to see it up there again. I mean, in all honesty, everything's pretty much done a little slight correction, but then they're back to going in the right way. But who knows what's going to happen over the next week, two weeks, two months. But I don't see it actually going or actually increasing. I see a decrease and a little bit more correction coming up. Bitcoin cash in the sixth spot. And again, Bitcoin cash has been bouncing around. And I'm actually in the fifth spot yesterday, and it's been going between five and seven. And it all comes down to this fork that's going to happen potentially. Now it's going to happen in November. So I think what people are doing is going, hey, why don't I just load up on Bitcoin cash? Because if there's a fork, I'm going to get some free tokens. And I can see that rationale. But I don't know if that is the most fantastic idea. And I'll talk about that in queue of the day. Next up, Polkadot, looks to be about 448. So again, not too bad. Down 3.4% for the week. What are you going to do? Binance coin, Bitcoin SV. Bitcoin SV of 6.3%. Sure. Litecoin 0.2, 1.9 for cribs.com. What else is really, there's nothing really fantastic as far as news goes. Cosmos down almost 5%. Cdai-Yern, 6.8%. Down 30% for the week, down at 22,000. I thought it was going to actually break below 20, but it actually maintained. So that's not too bad. Ethereum Classic, down 3.4%. Hey, what are you going to do? Have your third 51% attack. Compound, 5% up. That's pretty nice. Synthetics down three. Where is Sushi? That's my question. Sushi, anything up, great here. Number 66, up 6% at 291. So this was up around $7 or $8, and it dropped down to $1.35 somewhere around there. And now we're up at almost 3 bucks. So of course, Sushi for the DeFi, we're going to go down to a bit. This is the craziness of all crazy. If you're into DeFi and to Sushi, SushiSwap, I think I'm going to say is, hey, be careful. That's it. All right, let's jump into today's top story. So first up, Kodano's blockchain technology sets at Western, the fourth industrial revolution in Georgia. And when I first saw the title of this, I'm like, all right, well, that piques my interest. How is Cardano going to do that? And it all kind of comes down to, there was a live stream with Charles Hoskinson and the things that he said, and I was like, is he really doing that? And I'll give that a second. But here's the whole story. The former prime minister of Georgia, Mamuka, Bakdazi, I'm pretty sure I nailed that. Blockchain is set for the fourth industrial revolution. And he states, the first industrial revolution was powered by the steam engine. And the fourth will be powered by blockchain. That's a game changer. Bakdazi revealed that Georgia is working with Cardano's Charles Hoskinson through IOHK to implement a special blockchain based education program in the country. He further states, currently we are implementing a very important project in the education sector together with IOHK and Charles Hoskinson, who was a very good friend of Russia, together with the Ministry of Justice and Minister for Education. We're implementing the credentials verification project. The team is using a Cardano backed blockchain for this. And I've always said, in business, it is not what you know, it is who you know. And I gotta give kudos to Charles Hoskinson and the rest of the group for reaching out or just being a part of that discussion. Not just businesses and corporations, but entire countries and who knows, maybe even large cities and nations, I don't know. But this all came back to a live stream that he did. And when he said this, I was like, I don't know if he's full of it, but we'll take a look. So this was on September 3rd when everything had crashed mostly in part thanks to DeFi, I will say that. And Charles gives two great pieces of information here. The first is a minute long, he talks about COVID-19 and what's gonna happen in DeFi and the fear and reality. And it was pretty interesting. And actually I tweeted this, or I actually sent this out on my YouTube as far as the community to watch this video because it was very well said. So there's two parts of this, there's that. And he talks about the different people that him and his organization talks to. So let's take a listen. It's a rough day today, and that markets are terrible, down 20% for most people. And every now and then I talk about price I rarely do. But in general, let's talk about the macro. You know, crypto is a unique phenomena. It's a unique thing. And these are crazy times. I remember just a few months back when coronavirus first came out and we saw basically everything just bought them out. Everybody went crazy, they went to cash, all asset classes just went to hell in a handbasket. And I did a video and I said, guys, our best days are ahead of us as an ecosystem and as an industry. And what happened? Everything got better over time. People started getting more optimistic. You know, the reality is that we are seeing an old industry die right now, the legacy financial system. So that stage of vice. And it's true. I mean, he was right. He was right because back in those days in March, this guy was falling, everything was going to collapse. It was the end of cryptocurrencies. It was just awful, right? That was what a lot of people said. Of course, we know better because we have strong hands. We're like, you know what? This is a great buying opportunity. However, I talked about it in yesterday's video where I didn't do what I was supposed to do. I didn't buy as much as I should have back then. So with this dip that's going on right now, I am increasing my dollar cost average strategy as far as like what I buy. Cause I know it's only going to go up. And in this situation right here, Charles is completely correct. He's like, you know what? It's going to go up and this is going to be just a, just a blip on the radar. And sure enough, here we are. So I know some people are not a fan of the Cardano project. Some people love it. Some people love Charles. Some people hate Charles. That's just how it is in business. That's just how it is in life, right? I personally like him. I like Charles. I like how he, you know, how he gets things done. And I like the whole project and I've invested heavily into it. Only time will tell. I could, you know, it could go to zero. No one knows. But this next part is what threw me for a loop. And I'm like, I wonder if this is really, you know, an embellishment. I mean, I'm sure he talks to these people, but I'm wondering if it's an embellishment of more of what's going on. And it is echoed in the story we're just talking about right now. So let's take a listen. With some people this morning and we talked about revolutionizing the healthcare industry and getting things better in terms of supply chains. I had another meeting with a, soon to be former Wyoming state representative about how we're going to get governments to adopt blockchain technology. I talk every day to governors heads of state, congressmen, senators, mayors of cities, sometimes very large cities with millions of people. And they all say the same thing. We need help. We need solutions. We're damn tired of the way that the old system is running. And you know what? If we don't solve it, a lot of people are going to get hurt or continue to be hurt. Here's why Cardano will succeed. We'll succeed because of the connections they are building right now, the people that they are talking to, the railroad track that they are laying and everything that's going on in the background, all the different hard work that's going on. I'll put my money on Cardano. Again, it's not what you know. It's who you know. And if you're talking to those types of big people, the ones that can move mountains, the governments that can move mountains. It's a pretty good bet. I would bet on that. Speaking of which, I should probably buy some more Cardano today. Anyhow, back to the story. So moving down, Georgia as a blockchain powered regional hub for business, tourism and finance. First of all, where is Georgia? Well, Georgia is a small Eurasian country that borders Russia, the North, Turkey, Azerbaijan and Armenia to the South. And it's often referred to as the crossroads where Western Europe meets Asia. So a little tiny place, not too big. So why is this so important? Well, when I first read it, I'm like, it wasn't really exciting to me. I'm like, it's just a small country. But I remember there's a book that I had picked up not too long ago. It's called The Nomad Capitalist. And what they talk about is, it's not about looking towards these countries that are traditionally something for expats to go to. The Puerto Rico's, the Bahamas, the Cayman Islands. It goes, those types of places are not going to appreciate you as much. Look to the countries or states or regions that are actually building up and are looking to progress themselves by adopting emerging technologies. That's the sound it says in the Nomad Capitalist. And I thought to myself, I'm like, you know what? This could be one of those places. So if you're looking for the next big country to really just explode on the global stage, maybe Georgia is one of those places. And what are the projects that they're using? Cardano, anyhow. Bakhtazi's speech during the 2020 World Economic Forum is a virtual summit held in Davos highlighted the limitless potential presented by the blockchain technology, especially in the public sector. The overall vision is to establish Georgia as a regional hub for business, trade, tourism, and finance through innovation and partnership with key stakeholders. Country has a population of four million. It's heavily dependent on tourism, which attracts up to nine million per year. Apart from plans to develop a national digital currency, the country will also explore blockchain solutions to attract visitors, especially after the coronavirus period. The countries who will be more supportive of digital currencies and cryptos will have a very significant competitive advantage in the 21st century. Georgia cannot afford to miss this opportunity. And it's just, if you look back at history, the different countries that have embraced technology, especially for these industrial revolutions have been the ones that are not just the conquerors, but have been the economic leaders throughout the global community. And if we take a look at cryptocurrency assets, and there's one more actually, artificial intelligence, those types of countries that embrace those new technologies will be the forefront moving forward. So I will put my money on that. And also the different projects that are being talked to, such as Cardano. Let me just think of the comments section. Let's move on. Next up, this is how I know cryptocurrency, aqueous sphere is just crazy. There's a raw deal. SushiSwap creator transfers multi-state control to FTXCO. And this was actually a very good part of what actually happened, but the rest is kind of crazy. So what's going on here? So the reason many in the crypto community are angry towards the anonymous developer called Chef Nomi is because he withdrew 13 million from the SushiSwap pool and cashed out for a theorem. So if you're not familiar with this whole story, it's all about decentralized finance. You can go to SushiSwap and you can put up your different cryptocurrencies and as far as like a loan or taking it out for, sorry, for staking or taking it out for a loan. And they will give you sushi. And sushi is the governance token, which wasn't worth too much. And all of a sudden it went to a dollar, then $3 and $8 and $9. And then all of a sudden the person that created it goes, you know what, all this sushi, I'm just gonna sell all mine and I'm gonna cash out and people were not happy about that. And this was from Crypto Graffiti. He says, who would have thought sushi goes bad after a week? And I wanna remind you, this happened in a span of like seven days, seven, eight days, that's pretty fast. And it just blew up. A lot of people made a good amount of money, but there was some people left holding the bag, but who knows? Because right now it actually dropped onto a dollar. If you didn't sell it a dollar and just kind of just held onto it, well now it's like, what did we say? Like run three bucks, so whatever. But anyhow, this is a pretty funny one after a week. There was a guy from Coin Bureau had a pretty funny statement. He says, yeah, I'm hot dog and now sushi, everything is getting some of that D5 food poisoning. Pretty good one, I like that. So moving on, the SushiSwap general manager called ZeroXMakie or OxMakie, I don't know, explained it and needed to discuss the situation with Chef Nomi, but the creator went to bed. Yeah, I can't make that up. Anyhow, however, on Sunday afternoon, OxMakie said he didn't know who Nomi really was or the third developer involved with SushiSwap. When Chef Nomi returned from his slumber, the Anon creator said he was transferring control to SBF, which is Sam Binkman Fried from the crypto exchange FTX. I gotta talk to that guy, I wanna see what's going on. Yeah, he says, we sent a timeline admin control to SBF, replace me, replaces me by SBF for a developer multi-state contract, currently, which controls more than a million dollars worth of sushi. He says, I hope SushiSwap does well without me. Again, I didn't intend to do any harm. I'm sorry if my decision is not to follow what you expected, but I wanna stress again, I did not intend to scam anyone. So that's a pretty nice statement, right? However, Andrew Cronhey from the popular Euron Finance DeFi project criticized him by saying this, what do you mean without me? Are you leaving the project? If so, are you giving the developer funds back? All you did so far was hand over a token that was built off a Uniswap protocol. Weren't the funds meant to further develop? Aren't you that developer? Well, if he is that developer, so he pretty much just bait himself. I mean, that's really what happened. It took all that money. He's like, hey, sorry, I'm out of here. Anyhow, that's pretty much for the whole story. It's an ongoing development. But I gotta tell you, me personally, I mean, some people like risk. Not a very risk type of person. I like to put money into things that are kind of like a sure bet than that. And cryptocurrency and digital assets, let's be honest. I mean, they are volatile. I will pick the safest, most volatile asset. I guess you could say that. The most volatile asset is cryptocurrency and digital assets. And I'll put my money into the safest ones. Kind of like betting on the tallest midget. It's the same thing. All right, let me know what you think in the comments section, let's move on. Next up, I'll make this quick. Almost a billion XRP sent to claim Spark tokens as four exchanges announced support for upcoming airdrop. First of all, what the heck is Spark? Spark is a token of the Flare network. And the Flare network is a Turing complete smart contract platform that integrates the Ethereum virtual machine. It's native asset, Spark is a governance token that can be used as collateral with that application. So what they're really much saying is that they're gonna take XRP and give it the smart contract functionality. Fantastic, right? So I'm not gonna delve too deep into it, but what's going on is these four exchanges or wallets are saying, hey, we're going, if you have your XRP in here, we are going to be able to participate in this airdrop. And that's Uphold, Gatehub, AnchorUSD and Bitrue. I've heard of Bitrue. I've heard of Uphold, the other two, I have no idea. So I don't know. But I do actually use Uphold. So maybe I'll just transfer to XRP. But if you don't know, we actually did a step-by-step tutorial. If you have a Nano Ledger, how to use Nano Ledger to set yourself up for the airdrop for Spark tokens, if you hold XRP in your Nano Ledger. And I'll try to link this to the very end, but this is the video. You can check that out. It even has timestamps. So super easy, easy peasy. All right, so that's it. So let's move on to Q of the day. And the big question that I've been having is why is Bitcoin Cash jockeying for position? At some point it's five, sometimes it's seven or eight. What is going on, especially with this hard fork? Cause I gotta tell you right now, I gotta tell you, I gotta tell you, I'm sick of forks. I just, I know that's the beauty of cryptocurrency and everything can be done by that. And that's the, you know, the fairest type of thing, but I'm tired of Bitcoin forks. I think it's stupid. So let's get this guy in here who can actually answer some questions. So everybody, welcome back to the office. So the big thing today was, when we talked in the very beginning, we saw that Bitcoin Cash was jockeying for position. Sometimes it was number five, sometimes it was number seven. And the big question is, you know, why is that actually happening? And I think one of the resolutions was because there is a potential fork going on. I don't know all the different instances of what is happening. So I had to reach out and ask some questions. And thankfully this guy came on the show and I think he was the right one to answer. So Roger, welcome to the show. What is going on with this fork? Tell me what's happening. Yeah, so there's two different ideologies at this point. So there's the ABC camp that was the original name of the group that forked away from the BTC version of Bitcoin into Bitcoin Cash. I guess they've been frustrated that they're not getting as much money from businesses or people or wherever to pay for them to do the things that they want on Bitcoin Cash. So they decided that on November 15th, they want 8% of the block award to go directly to them and their group. And the vast majority of the rest of the Bitcoin Cash community says, no, no, no, that's not how Bitcoin has ever worked and that's not how Bitcoin Cash has ever worked. We're not gonna do that. And so half of the original group that made Bitcoin Cash's initial full-load implementation split away from Bitcoin ABC and formed another group called Bitcoin Cash Node. And currently on the network, more than 50% of the network is signaling for Bitcoin Cash Node for the November 15th upgrade. 0% of the network are signaling for Bitcoin ABC, which is the one that'll have the 8% fee to run the block award go directly to those developers. And the other 40-something percent just plain isn't signaling at all. So what will happen on November 15th, my guess is that Bitcoin Cash will continue to be Bitcoin Cash without any portion of the block award going to pay for a set of developers that decided that they're gonna pay themselves out of the block award. Maybe those developers that really want that will decide to split away, but that'll be some other coin called ABC coin or something else. And the vast, vast majority of the Bitcoin Cash community will continue working on Bitcoin Cash. So, but if anything, I think this shows an example that that's the beauty of cryptocurrencies. Everybody can have the version of a cryptocurrency that they want, whether it's Bitcoin Cash, ABC coin, Bitcoin, Litecoin, Dash, Monero, Take Your Pick. There's a cryptocurrency out there for you. Yeah, you know what? So, okay. So I think in my mind, I had it switched around. I thought it was, with your group was 8%, but it's only the opposite way. Gotcha. The thing is like when I see this and like what everybody sees, they're like, another fork. And it's like every time we hear about a fork, we're like, dang it, another fork's coming out. So it sounds to me like this, it might actually happen, but it might actually die on the chain. Yeah, you never know what's gonna happen. But I share your frustration like, another fork, oh, more arguing. Oh, I share your frustration there. It'd be easier if it didn't exist, but the best positive outcome out here is maybe every Bitcoin Cash holder gets a free out drop of more, free ABC coins here on November 15th. Yeah, and that's one of those things. Like when I look at this, I think to myself, okay, cause I remember when it was all about air drops and splits and forks and it was like, okay, time to make some money, right? All of a sudden we're gonna split and it's gonna come in, it's gonna be fantastic. However, it doesn't always work like that. I remember way back in the day when Monero split and they had a separate chain, I was like, okay, sounds pretty good. Monero's a pretty good project. Died on the chain, did not happen. So I see like this, I see what's going on and I wonder to myself, is this the same type of situation? And it almost sounds like it could potentially be that, but who knows, like you say. Yeah, and just hindsight is always 2020 with the original Bitcoin Cash and BSV split, I thought that that was gonna, the one fork would die on the chain and would just continue as one and boy was I wrong on that assumption. Gotcha. And you never know until it actually happens, I guess. Is there any way, any kind of resolution between these two groups to go, come on, let's just meet in the middle or is it kind of like, okay, do it and then we'll see what happens. Yeah, I think the resolution and what would be the happiest for everybody are the people that want 8% of the block award. They should go ahead and do that, but they shouldn't say that it's Bitcoin Cash. They should hard fork away and have replay protection and choose what their name for their coin is and then they can get 8% of the block award and some people will like that and some people will build on that ecosystem, but Bitcoin.com is gonna continue focusing on Bitcoin Cash because there's so much amazing stuff happening on that, even without 8% of the block award being diverted to some developers. Okay, Roger, so you did the trip wire. So I said, if we got time, I'll ask you the question. So what do you guys, because he says to me, fantastic, so what are you guys doing to move Bitcoin Cash in a mass adoption going, not just this year, but next year, three years, five years? Yeah, there's so many things. One that's immediately usable for everybody right now is a Tether, USDT is available on Bitcoin Cash. You can use it right now in the Bitcoin.com wallet and it's the 20th of a penny per transaction, whereas on Ethereum, you're looking at three, four, five, six bucks per transaction at the moment for your Tether transactions. So you can use Tether right now in the Bitcoin.com wallet, but where it gets really cool is using these things called Cash Fusion, where your Bitcoin Cash can be really, really, really private. You can check it out at cashfusion.com and we're building that right into your Bitcoin.com wallet. And if you combine that with reusable payment codes, you're basically looking at having the same sort of ballpark of privacy as a Monero, but in Bitcoin Cash that's accepted at more than 100,000 websites across the world. So I think that's a really powerful tool. I'm a big fan of Monero, I bought my first Monero at around a dollar each and I've been a Monero fan for a long time, but because Monero's so awesomely private, I prefer to get adoption on exchanges around the world and businesses around the world, whereas Bitcoin Cash doesn't have that problem because the privacy is coming a layer above the base protocol. And then of course, tokens, tokens, tokens on Bitcoin Cash is just amazing. How easy it is for people to make tokens and pay dividends on chain to the token holders. So you can issue a token and pay Tether as dividends to all your token holders for your new ICO project or business or whatever it is. So really exciting there too. Or new, whatever project you got going on, whatever kind of DeFi, Sushi, nonsense you got happening, right, whatever. Watch out for bad sushi. All right, man. Hey, I appreciate it. What was the name of that again for the privacy factor for Bitcoin Cash? Cashfusion.com available for desktop today coming on mobile in the Bitcoin.com wallet should be this year. Okay, I had no idea about that. That's pretty cool. So for all you privacy fans out there, that could be your next step because of what is happening with privacy coins. Roger, thanks so much. I appreciate it. And that's it for today. Let's jump back. And just for a quick correction, it is not cashfusion.com. Like Roger said, it's actually cashfusion.org. So I was taking a look at it and then I got a message like, hey, sorry I messed up. So a little correction there. So cashfusion.org, here's all the information that you can have. You can take a look at it. It's all about privacy. I'm not a big privacy guy for privacy coins, but for some of you out there, this is a big deal. So I just want to make sure everybody knew what the heck was going on. All right. Some questions. Let's see how it all plays out. Hopefully it works out for the best. I have no idea, but we'll see. So that's it for today. Thanks so much for watching all the way to the end. Really appreciate it. If you don't know, there was a join now button underneath. You don't get anything special. It's like a Buck 99, like a tip. And these are all, what I do is just give shout outs, random shout outs. So I just want to say thanks to everybody like Steve Sooby. Also for modern samurai, I am not I, GK DJ Hausa, Ramaflash, and I'm used web design and Barry Belasco. So thanks everybody. Really appreciate it. If you like those types of videos, there's going to be two months going to pop up. I'm going to try to put the one with the Spark tutorial on the right, left one. You usually just does whatever they do. And that is it. So check out those other videos. I appreciate it. And I will see you on the next one.