 Welcome to digital asset news. Take a top stories in crypto and a big amount of bite-sized pieces. So today there's more stories of mass adoption coming and also a demand as fidelity Commits to crypto and increases the digital asset staff by a 70% And what's interesting is not about what is going on with with the increase But why they're actually increasing it and who it's because of and the demand from so we'll take a look at that on top of a little FBI of warning for all digital and cryptocurrency owners and Usually when I see these types of things, I'm a little bit perplexed as to why they're doing these because I'm always a little bit Hesitant to agree with them But this one actually does have merit and it's pretty important to talk about and finally we'll take a look at a AMA stream which was hosted by Charles Hoskins in over there at Cardano on IOHK And he says something very interesting about Cardano and El Salvador So we'll take a look at those three stories, but first let's take a look at what's going on into the market and today a little bit of a red day So pullback on a Monday not so surprising It's about 3% looking at market cap of 1.37 trillion and it's just a very boring time And we talked about this yesterday about what's going on as far as like The happenings in crypto and all the good news and all the banks that are getting involved and the former New York stock exchange President is actually coming on board for a new exchange they're gonna bring all this these great things as far as like the parts of a yield and DeFi into the mainstream and Here we are just chopping sideways and again as I talk about these things I think there's a lot of adoption going on, but the powers that be and However, you want to look at that either people are taking profits or it's overvalued or it's its manipulation Whatever you want to call it. We're just gonna go sideways for a while. July is gonna be a very boring month I think it's not not not too much gonna happen till August and that's just how I see things as things start to really pick up and Pick up steam. So this are what we have as far as the prices So Bitcoin 331 Ethereum is gonna probably drop below 2,000, which is kind of interesting because they've got a EIP 1559 coming up in the first week of August. So that's kind of surprising and actually dropped that much I would have thought it would have gone the opposite way and then for 24 hour changes Everything's down between like, you know 0.4 percent all they have to like 7 10 12 percent Just depending on the altcoin that you're invested into so again As you're into these crypto markets on this channel, it's it's just investment opinion not investment advice But when you see these things It's all about the long hold and these the types of stories I try to bring forward things like what we're gonna talk about first Fidelity goes big on crypto. I find this fascinating Because fidelity digital assets, I mean they have trillions of assets that are management and fidelity has been around for a quite a long time and For a traditional player to get into crypto They've been in the game for quite some time But for them to say these things about why they're increasing and scaling was the most telling so What's going on here? So growing demand from institutional investors has pushed fidelity to increase its fidelity assets team by 70 So, you know, hey, if you got a lot of demand and the business is growing What do you do you grow your business and that way you can scale up as everything starts to come in Fidelity digital assets will add around a hundred workers to offices in Salt Lake City Boston Dublin. I had no idea they were in Dublin, but great The president Tom Jessup said that the pre this was interesting. He said that the previous year Was a major breakthrough in terms of how much interest bitcoin is attracted And that to me is a telling sign because last year I mean if you're looking at like just price it only went up to around 29,000 Which wasn't that great, which is what it is right now The breakout time really came in uh april and may when we hit 64 000 for bitcoin and the whole market cap for the entire Cryptocurrency industry was around 2.4 trillion now we're at 1.4 trillion. Where did that trillion go? Well, people took profits people got out people whatever they they did with it and and again We can say whatever it is But for him to say that it was a major breakthrough from last year. What do they think it is going on right now? I mean, maybe even though we're down. We're pretty much the same type of level I think they're thinking for a massive in influx of people so Uh to continue he states bitcoin has really been the entry for a lot of institutions true It's now really opening up a window of what else is going on in the space very true Jesse ball said that that there's an increased interest in ethereum Let me say that again There is an in there's an increased interest in ethereum and that the company wants to be ahead of the trend The daily digital assets only offers custody and trained execution services for bitcoin That's pretty much all they do But it looks like they would like to expand this offer to major assets or more assets As well as trade more than just on the weekdays any states We want to be at a place where it's full time or most the week as far as trading crypto. So here's the thing I know when people talk about uh, ethereum Some people love ethereum Some people hate ethereum Some people think that's just too slow and that the fees are are too much It doesn't really matter uh in in all honesty If they can actually pull it off with a therium 2.0 as that starts to come to pass and sharding and the eip 59 Everything else that comes into it It doesn't really matter if you're looking at just price points because it's on the tips of everybody's tongue They know about it Do you think that a lot of these these big institutions really have really delved deep into all these different projects? Yeah, maybe but uh the retail investor and the people that are out there just kind of just like fomoing in They have no idea all they know is they go well bitcoin sounds pretty good and ethereum is number two i'm gonna You know and bitcoin is 33 000 i'll probably just pick up an ethereum for two grand because maybe it'll go to 30 They have no idea They have no idea and they have no idea about the problems and the different fees and everything else And the problems with the sharding and and if it can be done i personally own uh Bitcoin ethereum are two of my largest holdings so to me If they make it or they don't make it It's not a big deal to me because i've got other different products that i'm into So i still think that they can go really well and this article proves it because these um These hedge funds these big players these institutions are now starting to ask about ethereum And if it can go even mark cuban gets into ethereum with its second layer solution of polygon So that is an interesting prospect. Let me know what you think about that in the comment section, but As we move on i want to make mention of this is that is that uh, it doesn't matter how much you make It is how much you keep and this warning i think we really should pay attention to so i'm going to sum up this entire article Or just one thing Uh the fbi has heard shatter that there's going to be a big, uh I guess we would say like an influx and and hacking and uh groups trying to steal your cryptocurrency And what they say is going to be a big issue is sim swapping and sim swapping if you don't know Uh every kind of cell phone well most cell phone carriers They have this this uh this sim card inside and what people do what these hackers will do is that they will call the company They'll call etn t call verizon or call whoever Has these different sim cards and say i'm the owner I need you to replace it and they steal your information somehow they get it And they're able to get a new sim card put it into a blank phone and then just put in all your information As far as like uh your email accounts, uh, they can get your your uh exchange information They can actually get into your exchanges and then if you have even if you have like like two factor authentication set up where like You're like oh well It's it has to go through my email first to verify so i can get into my exchange so i can actually move my crypto Well, they've already got your your your sim card. They have all your information. They are just going to go into your email just Have the exchanges put that into your email Then they're going to get those codes and they're going to steal all your crypto The same thing could happen with this is the worst one two factor authentication by just a text message So like if you try to log into kraken or coinbase or buy whatever it is They're going to send you like a this this six digit code on your text message Well now that this hacker has your has this new uh sim card in a blank phone with all your information and you're and this is what Sucks your phone is now No one void. So you're just even if you watch things you're like, whoa, there goes all my crypto and that can happen so To sum it up. This is what you want to be avoiding at all cost. How do you do that? It's very simple There's this thing. It's called a google authenticator. I know there's you know, some people say no No, there's a much better thing for here and a much better thing for this But what's great about google authenticator is that when you download it and here's a and also when you download it I'm going to put this direct link in the description below because google play sucks They can have 10 different Authenticators on there that are actually Put in there by agents of chaos of these different scam artists So if you download the wrong one, they'll still take your stuff sucks, doesn't it? So, uh, i'm going to give you the official one. This is from play.google.com forward slash google authenticator This is the one that's been downloaded 32,000 times and how this works is that It's it's an app that downloads in your phone and even if they sim swap it They can't give that specific app back onto your new phone that they stole from you or that new one is So, uh, if the if your phone gets lost something like that, then that's it There's backup code that you're going to use and there's a video that I will also link How to use the google authenticator but just use that because it doesn't send you a text message. It just sends you a random six Six num numerical code that you can put in and then get access to your crypto So, uh, all those different things that are happening. Uh, you've been warned So make sure you get a google authenticator at the very minimum And if you even want to do even more security, don't put your google authenticator on your main phone Put it on a backup phone that doesn't have access to internet and just it's a dummy phone Because that is the safest way to do things. Anyhow, let me just think in the comment section Let's move on to our next piece We talk about cardano and al salvador and this is actually I saw this on another channel and they talked about it yesterday And I thought it was interesting just to bring up This was an ama from like june 21st and no one talked about it Which is kind of crazy So this is like a minute or so where card where, uh, charles huskinson is talking about how al salvador The president al salvador and his team are going to meet and talk about digitizing the country and using cardano So just take a listen and I'll let you decide Charles any thoughts on al salvador any communication with the country regarding eta? Yes, we have been in talks with some officials and parties in al salvador And I may do a state visit and sent out all the documentation and requests for that And so we'll meet the president, uh, but it's basically going to be in their hands We've talked to a few people that are in that orbit and they have definitely expressed interest in Digitizing the country and going beyond just legalizing bitcoin So we'll we'll get a better sense from the next two to four weeks where that sits and where that's So I find it interesting because like, uh, this was done this ama was done on june 21st And uh, now he's talking about two to four weeks. So maybe we'll hear something later on But I just think it's just interesting that the president Of the country reaches out and says and well, he has probably his people reach out This is something that we're interested in digitizing the other country It looks like you guys are working with parts of africa We like that and then maybe we'll want to get cardano in there to do a lot of things But again, there's a there's a lot of things. This is a very very long play But I just find it interesting that this is the direction that countries Plural are going and then just to make mention of one thing that is that Smart contracts for cardano are rolling out. Here's the alonzo rollout plan. They do not have them yet They're all in the test net and in his latest ama. He talks about how they found some bugs But which is normal when you have things in the test net and they're fixing them as they go along So alonzo blue is run in june july was in their type of test net and white August and in september will be the actual main net when the smart contracts go live and we are almost there I mean, let's let's just be honest. So I find it's Positive news for cardano that they're not like just delaying things like crazy And also more good news the grayscale trust. I mean they've got Where is it? The large scale Cardano is the third largest one they have 4.3 percent, which was added about a week ago or so And then also if you try to get into the this large scale Cap fund it's currently unavailable and Grayscale does that so it doesn't mean that they they are you know sold out or something They just stop limiting people to come in and that's just what it is right now And then I will just say this before before I go on Well, this is the last thing I guess it is Ethereum and cardano it seemed like every time I talk about ethereum. I must talk about Something positive and then if I talk about cardano I must talk about ethereum because everybody on the show is like you're just a show for cardano and how dare you so Here you go First of all, I talked about ethereum and I you know said that you know how fidelity is really getting into it And how great it's going to be and I don't know what's going to happen. I'm not a part of that team But to also defy pulse 55 billion is locked up. So I just want everybody to know I talked about cardano and I'll talk about ethereum. It's going to be okay And that's it. So Lastly, I will say this out of out of the sarcasm I think they're both going to do well Look, I don't think that ethereum is going to be the end all be all take all And and that is it. I think there's room for multiple smart contracts type of players multiple layer one solutions Like uh, you know Hazos like an avalanche like a cardano like an ethereum and they can do a lot of different things Now, yes ethereum has the leading vastly leading majority for People that actually building on it daps defy But you know just because you're the first one doesn't mean you're going to be the first one We're going to have a major advantage For all time. That's all I'll say. So I think there's a room for plenty and that's it. So look My final thoughts are this There's going to be a lot more fud coming out There's going to be a lot more different problems and and price action and volatility So just be aware that july is going to suck And that's how it is and then we probably should pick up on august september And it's the same thing I talk about pretty much every single video So let me know what you think in the comment section. That is it. So look you made all the way and thanks for sticking with me I appreciate it if you liked the video found got a little entertainment a little information Give it a thumbs up a like and consider subscribing and that's it for today. So thanks so much. I appreciate it See you on the next one