 Welcome to Digital Asset News, take a top story in Crypto Current Digital Assets, and bring them down to bite-sized pieces today. We've got three stories. First up, we're actually going to do a follow-up from the video from yesterday because the law firm that is bringing this class-action lawsuit against Google, Twitter, YouTube, and Facebook actually reached out to me yesterday after watching the video. Also, Ripple sued YouTube a couple of months ago, and the response that was given from the YouTube lawyers is pretty much this, hey, I know they're scams, but we're not liable for those scams. Also, the Ethereum 2.0 testnet is on the way, and it looks like it's actually going to launch in two weeks, so everything is actually on schedule, so I'm going to give a tip in my hat for the Ethereum team. Congratulations, looks like we're going the right direction. And finally, we'll go over Scam the day at the very end, but we'll take a look at that after all the stories, so let's jump right in. So first up, it is July 22nd. It is roughly two o'clock Texas time, and it looks like the market really isn't doing too much. Bitcoin holding strong at almost $9,400, so I'm pretty happy about that. No big dips. Fantastic. Ethereum is pretty much the same, $2.45. Heather's Tether XRP broke into $0.20. Watch out. Bitcoin Cash, sure. Cardano down a little bit, looks like Chainlink's up a little bit more, and they were doing a massive run, but hey, you can't go up forever, right? Crypto.com breaking, or still in the top 10, Binance, Coin, everything else is good. Nothing too majorly massive, but I'm just happy everything is holding steady. And I got to tell you, I think there's something coming up on the horizon, just to know exactly what it is, but I see big things. All right, let's break into the big story of the day. So big story of the day, at least for this channel, was that we had talked yesterday. There is a lawsuit brought forth, there's a class action lawsuit, and they are essentially suing Google, Facebook, Twitter, YouTube, because of the advertising ban that they put on cryptocurrency digital assets in 2018. If you're unaware, you will only see advertisements on these platforms if they are a regulated exchange. You won't see anything for ICOs. You won't see anything for hardware wallets. You won't see anything that has to do with anything outside of exchanges, because that is the only thing that is actually allowed. And what this law firm is saying is look, because you made that decision, you did not allow cryptocurrencies and digital assets to actually advertise on your platform, and you took this opportunity away, and it wiped out a lot of businesses. And I can tell you after I posted this story, I received a couple, actually numerous stories about people who had gotten into the cryptocurrency market. Not just to be investors, but to do other types of things. Somebody told me about a hardware wallet. Somebody told me about being a consultant, and there's also different things for different products. And they say, you know what? Within a couple of weeks, our business model just wiped off the face of the earth, because you can only do so much with word of mouth. Really, 70, 80% of what you're going to do for advertising is all on these platforms. And I can tell you, I do the same thing for my businesses, and if I was delisted or not able to actually advertise on these platforms, my business would go away. So it is one of those things where you have to really be on top of these things, or else it all just kind of slips away. So this is what is going on. So we talked about that at length, and what was interesting was yesterday, late last night, I got an email and it said, hey, thanks so much, you kicked off your show with our lawsuit, which I was like, what, who, what? And apparently this was from Dr. Brian Bishko, VP Technology and Public Affairs for JPV Liberty Party Limited, which is a law firm that is bringing forth this lawsuit. And he said, you know, basically it was like, we like to talk to you, see what you had a problem with. We're going to open up our class action lawsuit for YouTubers, bloggers, news sites, and different people that have actually held cryptocurrency from 2018 moving on. And they said he's working very hard, and you know, there we go. So I was kind of, I wrote him back. I said, you know, I will love to talk to him, see what he has to say. But the big thing was I took a look at their actual website and I'll link it in the description of the video. And you, I mean, I don't know if you would do this, but there's a little button here that says join the class action. And there's going to be a video to watch. There's an anonymous, you sign up anonymously. There's nothing that they want from you. They don't want any type of money. If they win, then you know, class action lawsuits or class action lawsuits. But I got to tell you, in the video yesterday, I had to say that I think this is going to be a very big thing moving forward because this is just one lawsuit right now. We're going to talk about the Ripple versus YouTube lawsuit and there's other things coming out of the pipe. I don't see this as being the only one, especially moving forward, especially what's going to happen in this space. I mean, I see only great things for cryptocurrency assets and if you have these types of formats who don't want to play ball, it's going to get really dicey. It's going to get really dicey real fast and we'll see how it all goes. But yeah, let's break into the next article. So next up, I got to tell you, YouTube, amazingly, they gave a response in court and they said, pretty much, hey, we're not responsible. So it's we're not liable for crypto scammers action says YouTube on XRP giveaway scams. And this is not just XRP giveaway. This is all scams. They're saying like, hey, we're not responsible. We're just a platform. So no big deal. I'm going to tell you why in a little bit why I think that's not going to hold water. So YouTube's representative attorneys, plural, have responded to Ripple's lawsuit by saying that YouTube is not liable to the actions of third party content creators on the platform. And before I move on, we have to keep an open mind here. The legal system is there as checks and balances. So if there is something to be said here or something that can be hashed out, this is what it all is. Now, I have my biases. I think maybe you might have your biases about YouTube or all the scams or what not. But maybe if we take a step back and look at it, that's why the court system is here in play to actually hear both sides of the argument. So we will see what happens. Anyhow, Ripple's lawsuit argued that YouTube benefits from ad traffic from such scammers and by failing to take action against them, the platform is complicit. However, according to YouTube's response, the platform has dismissed Ripple's claims by quoting section 230 of the Communications Decency Act, protection for private blocking and screening of offensive material lack. So if you're not familiar, a couple of months ago, Ripple got pretty ticked off because they kept seeing their CEO, Brad Garlinghouse, and a lot of these different scams and it was being pushed through. And it wasn't so much as like the thing wasn't that it was just some random video that somebody put out. It was actually being advertised. And we've seen advertised all, I mean, different scams all over the place. I mean, just like one like this. And I have actually done a separate video. I was gonna release it last night, but I got late. I got so many things going on. But I'll release this again. But these ads that keep popping up, I'm gonna show you how to, like, this is on crazy. I was watching Crazy for Cryptos and this ad pops up. I had to record it. I'm gonna show you how to downvote and report it without downvoting your favorite YouTuber by actually going to this scammer's account, going into the video and actually reporting the video. I'm gonna show you how to do that today later on. There's one thing to be said just to have a random YouTube person trying to perpetrate a scam. The other thing on the flip side of that is somebody who actually is able to get into Google AdWords, sign up for an account, go through the whole vetting process, go through the video and have somebody review it, whether that be an actual live person, usually it's not, or some kind of artificial intelligence or AI type of learning platform that Google and YouTube use to, or Google AdWords uses to actually push this video out and then to profit from it. So I mean, you have to remember, it's not just like these scammers are profiting from it. It is actually YouTube as well. So if they're gonna say, hey, we're not responsible for it, I don't know if that's gonna hold water. But again, that is up to the legal system. I am not a lawyer, but it just doesn't seem right to me. Anyhow, moving on, YouTube's attorneys further argue that it would be unrealistic for YouTube to verify all the content coming in for publishing since it doesn't change the fact that it is from third party providers. And I gotta agree. I mean, there's no way that they can look at every single video that comes through. However, you have to remember, people can upload all day long, but when you go through the whole process of actually advertising, that is a much less percentage of videos that is actually being looked at. So if you had, you know, millions of videos per day being uploaded, you have a fraction of that that are people are actually trying to monetize and actually, you know, get in as far as advertising. So I think they could do a better job, but what do I know? I don't work for Google. Anyhow, moving down, and this was the interesting part. It says here, YouTube's spam deceptive practices and scams policies guidelines for its users directly states, YouTube doesn't allow spam scams or other deceptive practices that take advantage of the YouTube community. Let me read that again. YouTube does not allow spam scams or other deceptive practices that take advantage of the YouTube community. So remember, as far as like legal terms, you have to take a look at it. You know, there's always like these layers of onions. Believe me, someone who actually had to go through litigation process because I was sued before. And I can tell you that there are different many layers that these lawyers will use to actually look through everything. Now, again, even if you win a lawsuit, you will still lose a lawsuit because you have to put up so much money. So Ripple is spending a ton of money. Google and YouTube are spending a ton of money, but that's just how the whole process works. But I gotta tell you, if YouTube here says that, hey, we don't allow the spams or scams, meaning that, okay, this is what we say we're going to do. We don't allow that. Or if it sneaks through, we make money from it. Well, hey, that's just one of those things that we can't control that, because whatever. So if you take a look at that policy plus this new policy from YouTube's lawyers, which is like, hey, we're not responsible for it. So if it happens, it happens. It states here, the new development, which we just talked about might communicate the wrong idea to scammers and impersonators who move to exploit the lack of liability on YouTube's part. And I said here, well, yeah, scammers then can scam all day long and they have no repercussions. That's a pretty sweet deal, right? I mean, if you try to rob a bank and they're like, hey, stop robbing this bank and maybe go down to the street to the other bank, okay, I'll do that. And you go down and that's like the same thing. So it's like, well, if there's no repercussions for it, I'll just keep doing it until someone says I can't and I'll just do it again and until something happens and then it's gonna happen, well, who cares? So that's the whole thing about that. And we'll go into a scam the day later, but let's move on to our next article. Next up, and I think this is huge, much-anticipated Theorem 2.0, final test that will launch in two weeks, I have always said, I've always been disappointed in Ethereum's ability to meet different criteria and their goals, but it looks like they're actually doing a good job. So tip of the hat. Anyhow, Ethereum 2.0 developer and researcher Danny Ryan said on Discord that the testnet will go live on August 4th if everything goes according to plan. The testnet will then need several months of extensive testing before launching Ethereum 2.0 mainnet, which will most likely occur after three months, sometime around November 4th. The news comes shortly after Ethereum developers led by Ryan conducted an extensive, incentivized hacking exercise called the TAC Nets to test the limits of the current running testnet and the launch will mark the final public testnet, the much-awaited Ethereum migration from proof of work to proof of stake. It's also a major milestone in solving Ethereum's current scaling limitations and implementing sharding, essentially upgrading its blockchain for more superior DeFi experience. I gotta tell you, DeFi is just exploding everywhere and there are different coins out there, compound being one of them. There's another report that talks about DeFi and these are like coins like way down in the top 100. They're actually doing very well. But you have to remember one thing about DeFi. DeFi, Ethereum, things are being built massively on Ethereum. That's why I am a big proponent of Ethereum. And the other thing about DeFi, and you have to remember, and this was an article, I'm just gonna jump real quick. This was from the CoinStats blog. And it talks about the DeFi runs ahead of Bitcoin, stocks, gold, and others. And it talks about how great DeFi is and different coins and everything is great, but you have to remember one thing and that is that this. There is a little project I like to talk about all the time and it's called Chainlink. And Chainlink, a decentralized Oracle network, didn't enjoy much attention that began this year, but the project came in its own as it kept on signing lucrative deals with other DeFi projects. The task is straightforward. Feed public blockchains with off-chain data from markets, events, and payments through a decentralized network. So once you understand that with this whole DeFi craze going about, there is one thing that every DeFi needs. It's an Oracle to pull this external data because blockchain can't pull external data via API, but Chainlink can. And that's why I think Chainlink is going to be so huge. It's just like the gold rush in the early 1900s. The people that made the most amount of money was the people that actually supplied or gave the supplies to all the different prospectors, the people that were actually there to look for gold. Those people didn't make the money. All the people that set up shop and go, hey, here's a pan, here's a pickaxe, here's a shovel, here's a blah, blah, blah. Those are the ones that made all the money because there was too many people out there that were trying to hit their gold. I think I see Chainlink as the same thing. You need Chainlink for everything as far as DeFi to pull this different data in. So just go with Chainlink. Anyhow, that's what I'm not saying for what you to do. That's what I am doing, of course. Anyhow, let's jump back to that first article. Anyhow, moving on, moving on. As the second most popular crypto and largest DAPS development platform, the move will likely skyrocket Ethereum's price in the coming weeks amidst the ongoing altcoin season. I gotta tell you, I can only see big things for Ethereum. It just only makes sense to me. Ethereum has so far launched three test nets for phase zero of the ETH 2.0 roadmap. The first test net launched in late April with two clients, Prism and Lighthouse. Second test net, Shellizzi. Launched in early May, played the foundation for Ethereum 2.0's beacon chain. The third test net, Altona, went live on June 30th with four different clients, each with two nodes, and they've all been successful. The success of Altona, which is running with specifications of the Ethereum's 2.0's main net will pave way for the upcoming fourth and final launch of the test nets before the launch of phase zero. So if all that is new to you and you're kind of like, what the heck is going on? I'm gonna link in the description. And we did a video on this probably about three weeks ago and it was just went over the Ethereum 2.0, what it was gonna happen, the whole roadmap and the timeline, everything else. But I'll link that at the end, but I'm also gonna put this in the description. This is from Consensus. And it talks about everything as far as the roadmap, the timeline, the timeframe, what the proof of stake is, how many Ethereum you need, hint hint, it's 32, and then how that all works and what you have to do with your Ethereum that you have now to switch it over. And actually, I'll just tell you, you don't have to do anything. It's pretty simple. But if you want to stake it, it's a little bit more complex. So I'll link that in the description. But again, I gotta tell you, I was always critical about Ethereum, also Cardano as well, because they could never hit their timelines. It always made me nuts. But I gotta tell you, when you're doing something this complex and this drastic, I think it is, you have to take your time and you have to make sure that things work. And I always say, it's like when I'm up in an airplane, I don't want Boeing to cut corners and kind of like go, well, I'll just throw some at the wall, hope it works. And maybe it works, maybe it doesn't, maybe an engine fails, who knows? And I drop out of the sky. I think it's the same thing here. You're like, hey, we got to be a little bit more meticulous. Want to make sure, because we're going to do something enormous that's going to change the world. All right, I'll give you a pass. It's going to take a little bit longer. And that's fine. Moving down, we'll finish up. The successful launch of phase zero, the beacon chain could benefit Ethereum's position in the DeFi space. First, the booming activity of DeFi, most of which occurs in Ethereum's blockchain, is pushing its scalability almost to a breaking point. And this is why they have to upgrade everything. And this is why I've also invested into Tezos and Cardano, because Ethereum could do great, but then again, maybe it couldn't. So we need some kind of smart contract, some type of thing that DeFi can be built upon. And I like the other two projects as well. EOS, I mean, sure, baby, I guess, somebody actually in the comments section said, why did you invest in EOS? Because it was very promising. And these days, not so much. So, but that's why I'm big on Ethereum, Cardano, Tezos, and Chainlink. And I gotta tell you, I think it's all gonna work out, which leads to the last point, major competitors like Cardano and Tezos are making headway with key milestones that are ready to give Ethereum a run for its money. And this is why competition is fantastic, because it pushes everybody to do greater things than they could by themselves. Now, some people will say, we don't even pay attention to our competition. I gotta tell you, they're full of it, because everybody is looking around going, what's going on? Not that they're really, really looking like a deep dive, but even me, like, I don't really look at my competition, but I do have some of my peripheral vision. And I will say, well, I should really, you know, pick up the pace here and do these things. So competition is good. I think that's what is going to push Ethereum to even greater heights. So that's why I invest in these types of things. And also, I mean, as far as like DeFi, DeFi is great, but I'm buying all these things up and then I'm doing a one, two punch. What I do is I buy these cryptocurrency digital assets on Voyager. And what we're looking at here, sorry, is my exchange and wallet fees and information spreadsheet. If you want to take a look at this, this is everything I'm using right now or have used, how I recommend it or if I don't recommend it, and then all the different data points that you actually need, like, you know, how much it actually costs and the fees and the staking and the funding, how it all works out. If you want to take a look at that, it's in the description of every one of my videos. It looks exactly like this. And when you click on that, it'll go over things from Coinbase, which I do not recommend only for an off-ramp or unless you're super new. Gemini, Gemini Pro, Binance, Kraken and then eToro, who we don't recommend them at all. But my favorite one, two punch right now is Voyager to buy because just like Robinhood, the trading app, or the, yeah, trading app, there's no fees, so I like that part a lot and it's super easy to use. I think my mom could use it, which is amazing because she's not really good with technology, but everything else is just fantastic. So Voyager is great and what I do is I buy it with Voyager and I transfer it over to Celsius because what I like about Celsius is that, first of all, I like the CEO, Alex Moshinsky. That guy is dynamic. I got to do more things about it, just to feature that guy. And what you'll notice here is that you can, just by storing your cryptocurrency on Celsius, and I don't store all of it, let's just be honest. I'm not gonna store all my cryptocurrency in one wallet, it's just ridiculous. Especially like a hot wallet. I store the majority of them in my ledger. But when I wanna make interest, I will transfer it over and like for Bitcoin, and remember, you don't have to have a minimum for Celsius, it's just whatever you have in there and they pay it out weekly. Yeah, it's weekly, which is pretty great, right? So you got Bitcoin at 4%, and then Voyager does the same thing, but not as much. So, I mean, I have things in my Voyager wall, I just kind of sometimes it slips my mind, and I'll still get interest paid on that, but not as much as Celsius. So I'm always trying to transfer it to Celsius to make the most. So Ethereum 3.8, Ethereum Classic 6%, USDT 8.69, and you can just see all these different, Tether 8.69, 6.18 for Dash. I mean, it's just, it's amazing. So, but what Celsius does is it's not like farming, yield farming, all that stuff, which I don't really believe in, because it doesn't really create anything. With Celsius, what they do is you put the cryptocurrency up, they loan it out to institutions, and then that actually makes money, and that is how it all works. And Alex Mishinsky, the CEO, is the same gentleman who created VoiceOver Internet Protocol for the internet before the internet was actually the internet. So I believe in that guy, he makes a lot of sense. So you wanna take a look at that, go ahead, there's a sign up, there's an affiliate link, you get $25 if you sign up for Voyager or Celsius, actually everything, but you don't have to use my links if you don't want to, just go to the website and sign up that way, but just miss out on the bonus. But that's up to you, whatever you wanna do. And that is it for today's video. Now, if you got a couple of minutes, stick with me, we're just gonna go over a scam of the day and try to clean up our community. But if you got things to do, just drop off, and that's all. So let's jump into scam of the day, shall we? So scam of the day, oh, I love this thing. I love it because I'm so sick of people getting screwed out of their money. And I created this back in January because of people telling me they were getting taken and I just couldn't stand it. So what we have here is you can find the scam of the day in the description of every one of my videos. Link looks just like this. And what we'll do is we'll just scroll down, scroll down, scroll down, all these ones have been taken care of. So there's a date found, date removed. We've done a pretty good job. There's still some ones left over, so let's see if they're actually still there. Hopefully they're not, but who knows, let's see. So we're gonna click on the last one and of course it's still here, unbelievable. So I know YouTube says that they are not responsible for these scams, but if we're telling you that it's a scam and people are gonna screw their money, what else do you need? Because you can totally see it when you first get here. It says if you send 50,000 vet, you'll receive 100,000 vet back. Nobody does that, nobody does that. So why is this still up? It drives me bonkers. Anyhow, I will calm down. Let me go down a little bit. And here's how, first of all, don't take my word for it. I could just be a liar and just want you to attack the VeChain Foundation. So what we're gonna do is we're gonna take a look at the comments section. Okay, what's going on here? First of all, love is in Spanish, all right? I don't understand what this video is. It's very interesting for Kevin. I don't know, what would I give him? But so if you don't speak Spanish, it's fine, but just the English part here, hackers. Okay, so there's something going on with this. We don't really know what. All you gotta do is really just look up here. This is called an asymmetrical giveaway. I wanna just tell you that treat everything like a scam until proven otherwise, and your life will be a lot easier. So with this one, no one's giving you free VeChain. No one's giving you free Bitcoin. No one's giving you free XRP. No one's giving you free money. It just doesn't work like that. You're not that special. Maybe you are, I don't know, but no one's gonna give you free money. So the thing is, is that when we see this, we're like, okay, we have two options here. We can just assume that this is a scam, hint hint it is, or if you don't wanna listen to me, which is fine, do your own research, go to the official website of VeChain and go, hey, I saw this website, or this YouTube video, it looks like you guys are giving away money. Are you giving away free VeChain? And just email them. Give it about 24 hours, they'll get back to you, and they will say no. Same thing with XRP, just go to the Ripple website. Hey, you guys giving away free XRP? No. Hey, Binance, you giving away Binance? No. Hey, I just saw that Elon Musk is gonna give away free Bitcoin, so I'm emailing Tesla. No, we're not doing that. It's the same thing. So if you don't believe me, just reach out to the official website and they'll tell you it's a scam. So what do we do? So what we do pretty simply, is we're gonna download, which I've already done like three times, we're gonna click on these three dots, and we're gonna click on report, and we're gonna say, what is this? Well, it's spam misleading, and it is a scam or a fraud. We're gonna click on next, and we're gonna say, hey, this is a scam and report, and that's it. So real quick, I wanna go over one thing, and I'm gonna talk about this later today too, but just so you know, you might have seen a scam video before this video started. You might have seen a scam video in the middle, and you might see a scam advertisement video at the end, but I will just say this, I did a poll where I asked, who decides which ads are placed on each YouTube? And out of the 400 plus votes, 78% of you said YouTube only, which is true. I have no power to choose what ads are placed on my channel. I wish I could, cause I would choose a lot better ads, but some people said, well, it's the YouTube channel who created the video, or it's a combination of YouTube and the creators. So I'm looking at this and like, wow, it's like 21%. That's like one out of five people believe that this channel, or me, could be responsible for putting scam ads. So just so you know, I have no authority or power to put ads on my channel. It's just all up to YouTube, who really takes on responsibility, but that's just how it is. All right, so again, thanks for watching. I appreciate it. See you on the next one.