 Welcome to Jalassette News, take a top stories and cryptocurrency Jalassettes and break them down to bite-sized pieces. Today we've got some bullish news but some sad news. First up, Fidelity CEO calls companies Bitcoin custody business incredibly successful and this is amazing because Fidelity was one of the first ones to really get into cryptocurrency and they are reaping the rewards also. Let's take a trip down memory lane real quick and take a look at the best asset class returns over the last 10 years. How did Gold do? How did commodities do? How did the stock market do? We'll take a look at that real quick. On top of Cordano initiating a hard fork to introduce token locking why this is a bigger deal than most people think. And finally Ledger Wall customers data leak loses life savings and this is just going to be a PSA of what not to do. So we'll go over all that but just remember today is the first day of the 12 days of Christmas. Congratulations we are here and it's time to give away some three swags and good stuff. So the day is the 14th December 14th looks like it is about 12 30 p.m. El Paso Texas time and we're giving away four stone books. Well we've already done one video for the shield folio stone book. If you don't know this is exactly what it is pretty awesome. You're able to put all your passwords and your seed phrase and everything else. It's water and tear resistance and it's pretty cool. I got a couple of them they're awesome and I love them. So I thought why don't I just reach out to a shield folio and see if they can give us some free stuff and they sure did. So we did a video today and it talked about it was all about band and band had joined up with an organization called the open API and what it does is it enables blockchains to leverage API and they've got a pretty good amount of heavy hitters on that team Microsoft IBM Google as well as eBay and band was the first cryptocurrency to actually join that which I thought was pretty amazing so we talked about it today. However there's a couple of things. First of all I made mention that band was it was listed on Coinbase Pro but it wasn't on Coinbase regular and that was incorrect. Apparently it is on Coinbase regular. I actually looked through Coinbase and since I don't use it like at all I just couldn't find it. So it is on Coinbase so that is one thing they actually sent me an email talking about come on over and you know earn some free band but watching these free videos I just didn't do it and I talked about you can get on Voyager. So now you know you can get on Coinbase or Voyager whichever if you want to pay a lot of fees or a little bit of fees it's up to you but in this video I talked about Shieldfolio and we're doing a giveaway so what we're going to do right now is just draw those names. So first one I see I think this is funny first I said only mention Shieldfolio and Patrick May says Cornholio which is pretty funny and then he says down here Shieldfolio so I'm going to give one to Patrick May it was pretty funny and then I'm just going to randomly swing down Stop and Marius C. Nitu. So for today's video if you're looking to grab one of these other two Shieldfolios that we'll be giving away just comment below and just say Shieldfolio don't say anything else just Shieldfolio S-H-I-E-L-D-F-O-L-I-O and we'll draw two more in the next video. All right let's jump into today's market. So it's the 14th of December and what do we got? Roughly the same thing we had yesterday nothing big Bitcoin's at 19.1 Ethereum is at 5.84 down a little bit XRP is down XRP is I thought this would actually fall a lot more after that snapshot of the for spark but hey only down four and a half percent watch out. Heather nobody cares Litecoin down a percent chain link everything's down let's just be honest what's that Binance coin good for them six percent from Monero hey good job Monero Tezos okay beans about it so that's not too bad now let's take a look at what it would be if you just would have invested into Bitcoin would you beat Bitcoin well not so much on Ethereum you'd be down a percentage XRP be down four chain link one you'd be up a half a percent for Cardano that's interesting you'd be up 2.6 for Binance six percent from Monero what else what else not really much so all synthetic seven percent congratulations so yeah it's just one of those things like a lot of times if you just put in a Bitcoin you do pretty well but again there are those other low cappers where you could you know put a little bit of money into it make a fantastic gains but that's just not my style it may that's you all right let's jump into today's top stories so this one was pretty cool when we look at Bitcoin in the beginning you have to understand that in 2010 1112 people thought you were an idiot for messing around with any kind of internet money it was just a fool's errand and now we've got some of the biggest institutions in the world going you know what it's pretty looks like it's pretty valuable so not to take anything away so let's just get into it so Fidelity CEO calls companies Bitcoin custody custody business incredibly successful and there's a little bit of a wrinkle here and I totally agree with what you're saying here so this is Abigail Johnson she's a CEO of 3.3 trillion mutual fund giant Fidelity she claimed that her company's custody business around Bitcoin has been huge actually so she states this right now our custody business around Bitcoin has been incredibly successful we've got a tremendous pipeline and it's been really exciting to watch and what she says here was interesting and she's right she goes I didn't expect us to actually do really well with Bitcoin especially for custody because the whole ethos behind it was be your own bank you know Bitcoin people in the very beginning it was all you know like I said like libertarians and anarchists and it was all about be your own bank and and institutions down institutions and blah blah so when she heard about this in the beginning she's like why would they have us cuss it makes no sense and here we are so that's a little bit of a food for thought anyhow this is why we need the institutions and it's just right here a lack of world-class third-party custodians has been a major pain point for Bitcoin since hedge funds and other institutional participants are in dire need of protecting their holdings you have to understand institutions aren't like us they can't just you know you know pick up the phone or go on the internet and just buy a couple billion dollars worth of Bitcoin and put it on their ledger it just doesn't work like that they've got their boss on top of their boss top of their boss and they've also got regulations and they can't hold these things so what do we do well we need a custodial service and that's where fidelity came in that's where a lot of these places go that's why grayscale is so huge because institutions like hey we need someone to cuss a bit they're like yeah we'll do that for you but it's gonna be like a 20 premium no problem here you go Pete and then off they go so it's just one of those things where it's like it has to be done like that right now anyhow fidelity fully rolled out its own solution in late 2019 and the in the October interview with the financial times she took a and this is why I like this lady's style shield so Johnson here took a not so veiled swipe at coinbase custody claiming that most people never heard of it now whether that's a swipe or just reality it is what it is people don't really know too much about coinbase custody service and that's why they go into you know a big huge place like Pidella with 3.3 trillion assets in their management I can totally see why institutions will trust them over the new startup and that only makes sense so again I think it's interesting that it took first of all it took this long to get where we are for institutions but I'm just glad we're here which leads me to my next point we take a look at the 10-year history this is a great tweet that was sent out by Charlie Blale I don't know who he is but did a lot of work so thanks Charlie and it just goes over the different asset classes over the last 10 years now we know Bitcoin has done tremendously well compared to everything else but I mean how well has done well if you take a look this is insane gains 2011 if you would have gotten in super early which I mean tip of the hat if you did you're up 1473 for that year 186 for that year 5507 but in 2014 you were down 58% and you know why you were down because it was right after the halving and the same thing happened in 2017 you were a massive but you took a huge hit myself included after that halving and now you're up two years so if you just follow the pattern you're going to be up in big time next year in the year after maybe or it's going to be quite a bit of a dump because look halving dump halving dump actually 2016 was the halving all-time high dump so halving all-time high dump so 20 halving 21 all-time high 2022 dump see where I'm going that's what you need to pay attention about but I just thought it was interesting just take a look about like how to actually get done actually NASDAQ did pretty darn good right the NASDAQ 100 you're 512% for for a decade hey not too bad I mean it's not you know these crazy gains that you give a big one but hey not too shabby really and then real estate investment trusts where they you know people just put money into different real estate projects and they kind of pull up their money they get it they're actually a pretty good 124% over over 10 years that's awesome treasuries too bad I don't think you're gonna do that again bonds I don't think that's gonna happen but here's a good one gold and there's a lot of gold bugs out there I own gold I think gold's a good hedge but gold's not here to make your money gold is I'm gonna say that again gold is not here to make your money gold is the thousand year old currency that is there to save you when there is a huge collapse and when it goes down to like a dystopian future after nuclear holocaust and mutants were in the world that's I think where gold saves you and it's a nice pretty shiny metal but uh you have to understand when when these gold bugs are just ramming on your throat you gotta have gold you gotta have gold you gotta have gold the reason why they're doing that it's because they got a lot of gold and that's really what it comes down to now I am no different I am biased as well I got a lot of bitcoin I mean I have a lot of bitcoin I have I have enough we'll just say I've been I've been accumulating since 2017 we'll just say that which I don't have hundreds okay but I am biased and I talk about bitcoin however I also have stocks I also have gold and I also have silver so I just don't have a lot of them but one thing that really ticks me off is these gold bugs who say you can only have gold and you really shouldn't get anything else and and bitcoin is just ridiculous I'm like how you're not dumb you're not dumb you aren't dumb and they aren't dumb what they're trying to do is manipulate you to get into into what they want you to do so you can just roll up there you know their payrolls don't fall for that you need to take a look right here gold is down one two three four forty percent of time four out of ten times they're down so that's a bummer but if you had a hold over ten years we have 20 percent ooh 20 percent I call that a Thursday who cares and that's really it I mean I just thought it was a very interesting I'm gonna save this on my Twitter account and I'll pin it up there you can have it for a long time and I'll actually link this in the description so you can sell your family on a Christmas Christmas day Christmas holiday and that's it for that let's move on next up Cordano initiates hard forked introduced token locking and I gotta tell you I almost fell asleep when I read this article it's so boring but it's it's it'll get interesting and I'll break it down so for the Cordano token locking this actually will now take place on the 16th of December and I'm like great who cares but I'm forcing myself to get into Cardano I'm actually need to know more about it I mean I know it's going to be a great project I think Charles Hoskins a very smart guy he's got a lot of people around there are very smart it's looking to do great things but the problem with Cardano for me I think for a lot of people is that they're so meticulous and actually that's a good thing you want that to happen you don't want to be it like some crazy d5 project we're like invest in a sushi and it all just goes away you're like damn it I just lost everything so with Cardano they are doing the right thing and doing it proper that's why we actually started our own Cardano staking pool and I I don't have the technique the technicalities but I have a a lot of people around me that do and thank thankful we're all pooling our resources and doing this and right now we're at looking at 7.5 million for delegation so thanks everybody really appreciate it if you don't know which hit 63 million it's saturated and your rewards actually go down which is something that will look something like this when you have like a pool as like 164 I mean the max is 63 million so they're just losing rewards left and right if you want to join the pool it's very easy instructions there's a link in the description looks just like this when you click on that it'll take you to our official page just click on wallets it'll scroll you down and then just a little bit down farther there's a 13 minute video which talks about you know what we do and everything else so go and check take a look at that this is why it's important to really do your research so take a look at this so this update is significant as it will prepare the platform for smart contracts and the creation of assets besides Adam that can be run on Cardano it will also provide an important piece of Voltaire governance functionality supporting a voting mechanism so right there this hard fork which I was falling asleep in this article I get down to the Juicy beats I'm like that's important that's huge that's amazing that they can actually pull this off you know in tandem it's like they've been they've been running so fast I mean they had the main net launch now they're getting into Gogan now they got everything with their their launch this hard fork there's going to be multi assets I mean these guys are doing it all and they're doing it under the radar I mean how many people have you heard talk about this I don't hear anything about this I have to actually dig and dig and dig so maybe Cardano is really that sleeping giant but only time will tell anyhow to finish up once token locking is running on the main net Cardano ledger subsequent hard forks will introduce multi asset and other smart contract capabilities on top of what Charles has talked about which is he is dead set on getting into DeFi he thinks DeFi is the future of Cardano and I for one am excited so let me understand the comment section let's move on to our last piece and last up this is a PSA because nothing ticks me off more than scammers so ledger wallet customer data leak leads to a loss of life savings and I have to tell you I'm pretty disappointed in ledger what they're doing what they're not doing and I'll get that in a second so if let's just do a little history okay on July 29th hackers compromised about 1 million email addresses so that's why you're going to get a bunch of emails saying hey you need to update your ledger and blah blah and follow this link and give us your passphrases it's all a scam it's always a scam just treat everything that you ever see in here as a scam you'll be a much happier person so if you get a text message or an email or you see something on Twitter or the internet the first thing you're gonna do is you're gonna go to ledger dot com this is the official website and you're gonna go there and you're gonna click on support and you need to click on contact us and you're gonna send them an email just by clicking on these drop-down boxes you're gonna say hey I got this is this legit and they're gonna tell you no if you don't waste your time just don't ever do anything that any kind of emails unless you contact ledger directly the same thing goes with Coinbase the same thing goes with Gemini the same thing goes with any other business that you can possibly think of if you do that and go to the direct source you'll be a much happier person if you can't verify it you don't do it period and that's it that's really all that really comes down to but I can't blame you if you've fallen victim to a scam everybody's been there it just happens we always think they were too smart I'm too smart for them too smart for that do you have any emails I get on a weekly basis that says I thought I was too smart for that it happens a lot and it sucks I hate getting them so I'm just trying to make sure that you don't fall victim to that so on top of the million people with the email address the hack around almost 10 000 customers had other information exposed including names shipping addresses and phone numbers that's why people will get text messages from ledger supposedly ledger and say hey we need to update your information just click right here and we'll do blah blah and it's a scam so this was somebody by the name of mills brad mills gets a lot of twitter followers and he says exactly what I think he says hey ledger you need to keep sending phishing warnings to all of your customers you need to keep sending warnings to all your customers like I had to say it twice because it makes a lot of sense people losing their savings because the hack get in front of it continuing to send out purposeful emails to your customers just about the hack be a good do better and when he talks about just about the hack what he's saying is you'll get emails and they'll be like 304 subjects right like hey we got this new promotion hey buy this X and hey watch out for this phishing attack and hey here's a cute picture of my dog or whatever it is it doesn't matter though the whole thing is like this if you if you can just be the company that says hey we're gonna send out an email every day every two days every three days to remind people continuously that they do not or should not fall victim these phishing attacks here's the watch out for you will greatly reduce the amount of people that get screwed out of their money because of your arrogance and your inability to keep the data safe now I like ledger I have promoted their products I still believe in their products but I do not believe in what they're doing right here they need to be better and do better things and I'll say it that's I'll call us pay to pay this what it is so in sales you have to see something seven to ten times before you buy it you have to be aware of what's going on around you so you have to tell people 10 20 30 times I don't care if you have to send out an email every day and people like forget it unsubscribe I got it doesn't matter at least you saved everybody losing all their money and here's a prime example so this is from a user my ledger wall got emptied after I followed the instructions the phishing email thinking it was a real ledger I can't believe I fell for it I'm done with crypto and that's the kind of thing that I'm worried about 2021 is going to be huge and all these scams are going to come in they're going to screw people out of their money and one person tells 10 10 thousand 100 100 tells 10,000 see where I'm going we can't have that that's why we got to make sure that we that we get people to know what's going on so some people tell me as I I'm going to go off on a ramp sorry some people tell me other youtubers they they shut their ads off because they don't want to expose people to scams well guess what every other youtuber leaves their their ads on so what am I going to coddle you and treat you like a child because you know like all these scams that are coming about no I need to have you come to this channel I need you to have to be exposed to these scams and then actually tell you what's going on because if I don't do it guess what no one else is going to do it how many people talk about scams out there nobody very very very few so if you come onto this one and to my channel and in every single video in the very top I say hey watch out for these scams they're going to be fishing they're going to have these numbers it's going to be on top of you so make sure that you don't fall victim to it at least I'm educating you as opposed to somebody who's like yep I'm not going to do it I'm not going to put it out there and then you then you go to some other youtuber and you're like well I didn't know about it because no one talks about it that's what I'm saying all right get off my soap box so the last piece here a good chunk of my bitcoin has gone through the ledger fishing scam seriously someone I love had access to the seed phrase got the text warning that our wall was hacked and to enter seed to recover and they entered the seed and past phrase in our rip so somebody probably the wife sniffing out there it's like oh no I got this email don't worry I'll help you Roger and then here we go and then this was the quarter of the day man I used to love ledger but after all my info leaked I received text edit messages to my phone saying my bitcoin is being transferred and email saying reset your password prove your identity it was very convincing and I feel if it were not for the negligence of ledger leaking all the info I would have never been put in the situation to be fished for 5k on one of my devices and that's a problem so just so you know something comes up everything's a scam go to the official site could be much happier all right let me check my blood pressure I think I'll be okay well thanks for sticking with me to the end I really appreciate it if you like those types of videos gonna be too much gonna pop up on your left and right not sure let YouTube do its magic and that's it for today I know it's a long long one I apologize but some of these things have to be said and that's just how it is so thanks again really appreciate it see you on the next one bye