 Welcome to Digital Assets News, thank you Top Stories and Cryptocurrency Digital Assets and break them out of bite-sized pieces. Today we're going to do a little bit of a different format. I'm going to tell you about one project that I'm going to massively increase my holdings and also I'm going to talk to you about there is one new project I'll be adding to my overall portfolio and I'm going to explain why exactly I'm doing these actions but first let's take a look at today's market. So it is Tuesday August 18th it's about three o'clock Texas time and it looks like a little bit of a slide a little bit of a slide overall brought the whole different market so Bitcoin's down 2% but not surprising hey we've had a heck of a run right and there's got to be a little bit of pullbacks here and there like I say ebbs and flows right so 2% down but we are still over 12k pretty happy about that Ethereum also again over 400 XRP miraculously is able to hold on to 30 cents tether is tether so that's that chain like one of the biggest losers of today looks like they are down 11% but I got to tell you massive run for all the link marines I mean they went from you know seven eight nine dollars all the way rocketing up to 19 now a little bit of pullback hitting around $17 but you can't be upset with that Bitcoin cash pay down 4% actually everything just down overall and it doesn't matter the actual you know great stories that you hear about or the new partnerships that are being developed just overall that's just how it is for cryptocurrency digital assets except for AVE somehow 3.9% up what are you gonna do all right let's jump into today's top story so the first one to talk about is is vchain and indirectly cardano and one of these I'm going to massively increase my positions and we'll talk about why so vchain's new partnership which really wasn't a really big deal when I read it could bring blockchain tech to dozens of untapped industries and indirectly cardano did this exact same move and that's why it's so important but yeah let's just go into it so the vchain foundation has partnered with accounting and consulting firm grant thornton cypress so if you're not familiar with them let's just pull them up so this real quick is from their website here's a history of grant thornton it was created in 1920 so it's been around a good century so it's got a little longevity onto it but what exactly is it well today grant thornton llp is the u bus member firm of grant thornton international let me tell you when they when they say international they are not kidding if you take a look at where they actually are throughout the whole globe they are in over 135 countries so they are essentially a powerhouse but what do they do well as I say it's right here they are one of the world's leading organizations of independent audit tax and advisory firms these firms help dynamic organizations unlock their potential for growth by providing meaningful forward-looking advice so really if you look at it what they are is they are like price waterhouse coopers audit tax and advisory firms and they do a lot of consulting so when they talk about all these different countries and all their different clients take a look at the about excuse me if you don't look at the actual industries they have partnerships and they have clients in all these different sectors banking energy food and beverage health care hospitality insurance manufacturing educational private equity real estate and construction retail and consumer product services technology telecommunications and transportation distribution so when we take a look at what this company brings to table it is massive and when you take a look at what the chain did is they not parted up with them but they said hey we want to be a part of your family underneath your umbrella and of course they're going to pay massively for this but it's not about the information that they can get from these from this group it's all about what kind of connections they can build from all the different clients that they have again take a look at the industries and if they are global which they I mean definitely are and they are connecting people to people to people to corporations to entities to LLCs to whatever else to I mean all these different businesses it is a huge boom so I have always talked about business and it is not what you know it is not your product it is not how good you are at something it is not any of those things really what it comes down to in a lot of cases it's who you know there are different king makers out there and they are finite so when you find something like this you grab on I really didn't didn't really appreciate that until I was learning about Cardano when they went with PricewaterhouseCoopers and I said who really cares about that and this was from oh this is from March when they had hooked up with them and this was actually in a late January YouTube livestream Hoskins had said that PricewaterhouseCoopers will drive a Cardano commercialization strategy and I thought well that's good you know they hooked up with somebody and they can get that going but when I take a real look at what's going on behind the scenes these blockchains these cryptocurrency assets that are going with these types of companies are going to supercharge them into getting into even more of the public eye or just behind the scenes and working with different businesses because it's all about who you know and these people I think are king makers anyhow moving on according to an answer from the company the partnership hopes to extend blockchain solutions to a variety of industries just like what I said these will largely be determined by the Cypriot Cypriot company's network of customers but may include the food industry pharmaceuticals logistics automotive supply and chain management renewable just what I was just saying it only makes sense if you go to these types of companies it's a perfect combination it's like you can do our audits you can do a commercialization strategy and also you have all these different people in place we'd like to talk to them maybe you can connect us that's all it is moving down discussing the company's interest in blockchain development Grant Thornton Cyprus director of distributed ledger technology Alexis Nicolau noted that legislation governing blockchain technology and Cyprus is eminent and they actually have their own person who is head of DLT so if that's not a forward-thinking thing I don't know what is and then lastly it states recently the VeChain Foundation announced a blockchain based food safety solution based on its blockchain as a service platform and this is actually from an article we covered a couple weeks ago this is on actually August 5th where VeChain had actually partnered up with the third largest pasta producer worldwide which at first I was like who cares it's just pasta good for them what I initially thought that this article was talking about was that they were partnering with to to track the supply of the pasta that this this company actually produced just to make sure that it was fresh and that it was you know maintain safety standards whatever else but that wasn't it that they were following the guidelines set forth by the Italian government to make sure that they were doing the protocols and safety checks for the coronavirus and they were making sure that all their different employees were hitting these standards and they were using VeChain in that way so I thought to myself okay well this is great because it's not just like every company is a pasta producer but every single corporation has employees and all these employees have to hit some type of protocols and if they have to hit all these protocols because of this coronavirus and not just this virus I don't know what's going to happen in the next I don't know two years four years five years what else is coming to the pipe so if you can use VeChain in that regard why wouldn't you do it especially if it's transparent makes it easy makes it simple so I was thinking about doing both these VeChain and Cardano but I'm going to massively increase the amount that I invest into VeChain especially with this move they did right now I mean I don't care what they did before I don't care the partnerships they have right there but just going in with these people right here Grant Dorton and they have all those connections and all the different things are going to happen again I think it's a kingmaker and I will massively increase and I will probably consider about buying VeChain daily all right let's move on next up Theta Network welcomes and welcomes web comedy fail army to its next premium content partner so again an article I just kind of glanced over didn't think it was a big deal till I got into it so Theta Network is excited to welcome web comedy fail army as its premium content partner to Theta.TV global streaming platform exclamation point fail army counts within 60 million fans across YouTube and social media now will be available 24-7 on Theta.TV I think this would be a bigger story if fail army just said we're going to exclusively be on Theta network or Theta.TV just like how Joe Rogan said I'm going to exclusively be on Spotify but that's not what's going on but they're just adding to it I think it's a pretty good addition so not too bad fail army receives more than one billion video views per month across digital platforms I gotta tell you I think this would be a little bit of a hit to YouTube because if YouTube is like well you know I got a fail army over here and they're gonna you know split their views because not everyone wants to watch two videos the same thing in the same day or same week so if Theta.TV is doing that that's loss of views Joe Rogan same type of thing and all the other different influencers that are getting off of the YouTube platform giving someplace else what kind of dent is that going to do in the business of YouTube some to think about and it states here with many of us still stuck at home this summer users can stay safe and enjoy great new content from fail army on Theta.TV and earn some T fuel at the same time because if you don't know as you get as you watch things you actually are rewarded and T fuel what a great thing I think we should probably start migrating to that that platform fail army joins Theta.TV as it continues to enrich its content offering beyond esports into genres including classic movies from MGM live poker or the world poker tour breathtaking live events like NASA and the first SpaceX manned launch in May 27th and live stream virtual conferences such as consensus by coin desk crypto Asia summit and virtual blockchain week with more to come down the road and I gotta tell you that's not a pretty bad prospect so let's see what esports is actually doing and why it's so big so if you don't know esports is a little bit of a tiny little company that has been around and is going to hit massive growth so this is a little chart broken down between esports enthusiasts and the occasional viewers so the light blueish green blue greenish is the occasional viewers and then plus the esports enthusiasts and that's what makes it all up so if you're looking at 2016 121 million 160 million total 2017 143 million 192 and so on so forth to 2021 they are projecting 250 million esports enthusiasts and the occasional viewer such as myself which will be 307 million people so that's a pretty big growth and it is the fastest growing sport in the world let me say that again it is the fastest growing sport in the world and when you have things like pandemics hitting everywhere and people can't get out and play sports what are they gonna do well esports is probably going to grow even faster just my thoughts but the real question is what's theta anyhow let's take a look at that so this is from theta token dot org this little little video it's about a minute long this is what they does all about technology today is amazing but somehow streaming quality and load times are still terrible everyone has a computer with extra bandwidth to spare especially when a machine's not being used and now you can make money by putting that bandwidth to use thanks to theta token here's how it works when you're watching your favorite streamer or when you're asleep theta client will tap into your extra bandwidth to relay video streams to local viewers they'll enjoy improved stream quality and loading times while you earn fader tokens the more you deliver the more you earn with your tokens you can send donations to your favorite streamers unlock premium content and buy and gift virtual items fader is a new blockchain and built by sliver tv a leading esports live streaming startup based in silicon valley that has raised more than 17 million dollars in venture financing has over 2 million users and is growing quickly fader completed a 20 million dollar private token sale in early 2018 and launched its live test net in june 2018 three weeks after launch over 300 000 users from 149 different countries have shared video on the fader test net over 40 bandwit offloaded improved quality and reach okay and then the rest that is bragging so i mean to me it only makes sense right if you're not using something you might as well get paid for it and that's what i always talk about as far as like what i call the share economy the share economy is pretty big now i think it's gonna be massively huge as time goes on and you can even see it airbnb even though airbnb has taken a big hit lately because of the coronavirus i'm pretty sure it'll roar back and be exactly what it was and it's probably an IPO this year or maybe even next year who knows but i mean you have airbnb you know you have your home your apartment where else you can you can rent it all out and it's actually what we do with our home in houston and it works out fantastic then also you have that toro not etoro but toro it's where you can rent out your car you got uber i mean if you want to you know drive around you know you're not really using your car so uber and then even like with elon musk and tesla some of their new cars that they're talking about when they actually become autonomous are going to be these autonomous taxis so that's why the price is actually going to go up later on because you're going to be able to put your car out when you're not driving it and it sends its autonomous and go pick up people and drop them off and you can get our money for that that's amazing that's crazy but that is the share economy and that's that's the the thing they're talking about here with theta if you're not using your bandwidth why not sell it off and get a t-fuel for whatever else and you can use it for all the things they talked about in the video so i think it's going to be huge but it's not just that but it's also like the people behind it which the big one is uh steve chen co-founder of youtube and he's a part of this project so uh if he's even saying this like hey this is going to be you know pretty much enormous uh time to take notice and i was just taking a look at uh you know the theta it's called theta dot tv and you can go there and just see a bunch of different uh people streaming i mean if you like games and all the things they talked about mgm and uh the spacewalk and space x and stuff like that and you can assign it pretty easily um facebook twitch or email whatever else i probably will because because i like to watch some of this stuff but uh it's pretty interesting i think it's at least a competitor to to twitch and we'll see it all goes but uh this is one no this is the other one i'm not investing this now but i will be i'm going to invest a little bit into theta and you have to understand like like my investments i kind of see them as like firecrackers on a chain uh the first firecracker to go off of the ones that i think could really hit uh first of all and that will be something like bitcoin because everybody talks about it and whatever else the other ones down the line are things like you know cardano and v chain potentially and maybe even eos who knows i don't know and you know theta uh could be one of those ones that are like a late bloomer later on but i can see the functionality of it i can see you know the different partnerships they have i can see the people behind it so it makes sense to me probably so all right let's move on to last section last section in case you don't know kraken has listed polka dots but there is a read denomination at a rate of 101 so they're just going to move the decimal point uh two places so this is all about read denomination and fantastic so i had to take a look at polka dot itself and i had talked about it before there were some things that i had i had said that were inaccurate so i want to make sure i was accurate today so i took a look at blockchain or bitcoin dot com they wrote a nice little article this is all the back in january 22nd because i wanted to see the history of it and where it was so i could see where it's going i'm a big believer in history because i can take a look back and see what happened and probably take a look at what's going to happen now and in the future so it talks about here remember polka dot it's and this was a member back in january 2020 remember polka dot is the multi-chain network that raised 145 million in 2017 and hasn't been seen since so right here i can tell you right now a lot of people probably call this a scam already uh but look it's back and it's being listed today only you know three years three years later its team led by ethereum founder gavin wood which is pretty impressive right another ethereum co-founder launching his own thing polka dot aims to solve blockchain's interoperability problem problem as well as the governance problem and forking problem and a bunch of other commonly cited problems polka dot could easily be lumped in with all the other blockchains professing to magically solve these problems but it shouldn't be written off so quickly so here's what they got polka dot boasts the talents of gavin wood peter zaban the tech i hopefully said that right the technology director of the web3 foundation and robert habermeyer a theo or peter theo fellow who received funding to pursue scientific research into blockchains and cryptography there's a lot of brains behind polka dot as you can just see right there i mean look you've got somebody the co-founder of ethereum well peter zaban technology director of web3 foundation that's impressive but as anyone who's been following the fate of vc funded chains will know it takes more than boffins to build a successful ecosystem if polka dot can't create a thriving community of developers users and businesses it's going to tap into its multi-chain network of networks it will be deal away and that's the thing about business i mean you can have the best product the best people but if people aren't buying it it's worthless moving down polka dots governance model shares some similarities with tasos whereby network upgrades are proposed and voted in by the community use case for polka dot include smart contract chains impressive data cur data curation networks oracle chains oracle chains iot file storage and identity pretty much everything that you'd want to see in a blockchain is compressed into polka dot looking pretty good basically anything that you can currently do on blockchains you'll be able to do within polka dots blockchain network with the added bonus of being able to move assets between chains seamlessly so the bull case for polka dot prospering includes the extent of development work going on behind the scenes 64 products have received 4.4 million from the web three foundation to build on polka dot and there's a polka dot ecosystem fund operating with the support of poly chain capital that's the good news here's the bad news the bear case it may be launching too late to land a blow on ethereum eos has failed in that respect tasos is still warming up and algorand and hidera hashgraph have created nothing but disgruntled bag holders at this stage now remember this is back in january 2020 things have changed a little bit for you know hidera hashgraph and algorand so don't shoot the messenger this is an old article but i gotta tell you so we take a look at what where everything is in the history where it is in the past and what's going to happen now and in the future i gotta tell you uh i'm not too optimistic right now i mean i could be but here's my thoughts uh like i said it takes more than a great product and a good team to be successful i mean there's so many things that go into businesses there is a a nice little statistic about small business administration that within i think it's five years 70 to 80 percent of small businesses will close down it's now it's between 50 and 70 percent it's a high number we'll say and i've been a part of those i've been a part of businesses that have made it and i've been a part of businesses that do not make it i can tell you right now it really comes down to a lot of different factors and some of those factors are luck in some points but the harder you work and the more type of uh partnerships that you get and the more people you know that you can say are king makers or people that can point you in the right direction give you the right information uh and connect the more successful you'd be so polkadot i have no idea if they're doing those types of things they have very smart people but how many other people do we have that are extremely bright extremely intelligent in these other organizations these other projects and they fail or they do nothing or worse they're obscure they just fade away to obscurity so i gotta tell you i see all the different other youtubers out there i mean they of course because of what i'm into but i see how i scroll down and it's just like the next big thing the next big thing this is gonna 10x 100x and everything else and they might they might i gotta tell you but to me it's just another shiny object and uh for right now i'm not gonna invest in that and i mean you can do whatever you want to it could pay off massively it just um i will reserve and wait i'm a very um preserved person anyhow so we'll see what happens but that's what i got all right so that's there for that section let's move on and next up we have question of the day and this comes about uh it's a question about one of my one two punch uh voyager and uh what randy says about it so let's jump in into the office all right buddy welcome back to the office so today uh for the q and a of the day it comes to us from randy philips and uh randy had a pretty good question and it goes back to my number one pick uh for a wallet which is voyager so randy asked the question he says hey dan maybe you can solve this mystery on a voyager i placed a buy order for chain link at 1465 $14.65 i got an alert from coinbase of the price to drop to 1464 i thought great because the price immediately rocketed back up 10 percent my timing was perfect so i opened up a voyager opened up voyager only to discover the price only dropped to 1475 on that exchange so my buy order didn't fire what the heck's going on so i asked the question which was okay randy what was the day this happened and when did you put the actual buy order or limit order in and then he immediately got back to me no actually a couple hours later and he says hey damn mystery solved i placed the order last night which was august 17th today is what is it august 18th and the price dropped on coinbase to 1464 at 605 p.m but weirdly the price at that time on voyager was 1760 so that's a huge discrepancy between coinbase and voyager but wait so when i looked on voyager this morning the chart indicated the price dropped to 1475 at 8 30 a.m today but the price on coinbase was actually 1581 so he says i just assumed that prices would be more exact across exchanges given what it was at stake and you understand for each exchange and there was a little article that i pulled up from coinbase i'll link it and it states that uh what price will i receive when i buy or sell digital currency and their answer is is from your say like this look the price of digital currencies are determined by supply and demand on our exchange there's a difference between the buy sell and spot prices displayed on the website so you have to understand for coinbase for kraken for gemini it's all pretty much based on supply and demand and the liquidity that they have on that particular exchange now voyager and real quick if you look in the description of every one of my videos there's going to be a link and it's uh it talks about all different wallets and exchanges that i've ever used and i'm currently using right now we go everything from coinbase to coinbase pro celsius voyager uniswap uphold finance etoro don't recommend them and crypto.com and uh yeah so for all of those i just tell you you know what what the fees are what the prices are what the apr is if you can get loans or not everything you really want to know about an alternative to coinbase because when you first get in that's really you know your big introduction to cryptocurrency which is just use coinbase so you can check that right there at the top there are links and you don't have to use those links you want to sign up you can just go right to voyager you can go right to kraken but if you use my links you get between 10 and 25 dollars just for clicking on the link so it's up to you whatever you want to do so in the description of every one of my videos there's going to be a link to that google spreadsheet it'll look like this and you can open it up and check it out and go those links to everything else so anyhow so with voyager i highly recommend them and i recommend celsius so the thing is when i talk about these things i just want to be exact and as open as i possibly can so when he's saying you know hey there's a huge discrepancy i immediately take you know jump in like hey what's going on so i see the issue here and you have to understand like i said exchanges they have their own liquidity they have their own supply and demand but voyager is different because they're kind of like the hotels dot com of the cryptocurrency world you go to hotels dot com you don't go right to like a marriott to double tree or something like that because they do all the work for you they look at all the different prices and i give you you know pretty much the best price for what you're looking for and at the location so voyager is kind of like the same thing they look at a wide range of exchanges and go okay what's the best price they get you the the best price they possibly can and they make money on the spread they don't charge you anything now some people say well you know they you know some of them are overpriced and some are you know whatever it is but i gotta tell you like from what i've been using and what i've been seeing i've only seen it a couple times when like an exchange that i could have gone to is a little bit higher and i'm like all right but i gotta tell you i'll just pay for the convenience because i don't have time to look at every everything that's out there you know i mean if they're going to you know be like 20 above then yeah obviously i'm not going to but if they're like you know two three five five percent or something like that every so often because of the exchange that they use okay so what i did was i reached out to voyager and i asked this question i go okay now which particular exchanges are you you know going for are you aggregating this price i'm just waiting to get back to them because i just i just fired off an email like 30 minutes ago so i'll get back to everybody but uh i thought it was interesting uh that people would well first of all this this issue came up but second of all that you know we're we're not understanding and it's good that we do understand i want to take a look at you know the the different information that's out there about why exchanges have that particular price on their exchange and then as opposed to like something who's like a brook ridge like voyager so again uh looks like uh randy's pretty happy with uh you know the outcome so far i'm sure you would like to catch it at uh 1464 but at 1475 no okay but uh yeah i've always had my orders filled so far so looks like a good thing now any other questions about voyager go ahead and send them over and i'll ship them over to voyager and maybe we can get you know somebody on on the line like we did when we had the CEO come on which was pretty nice if you haven't checked that video out i'll link to the very end but that's it for today so uh let's jump back all right and that's it for today so thanks for sticking with me really appreciate it i just want to give some random shout outs to some members and we've got first up genosis and big papa ken that's a great one big papa ken who else we got paul g we got mr black we got uh johnny bitcoin rama flash and sallies w that's it so if you like those videos there's gonna be two more that's gonna pop up on your left and right don't know what they are because youtube controls that just like the ads you may have seen before don't shoot me i'm just the channel youtube is as responsible if you don't like those ads or they were scams let youtube know they'd love to hear from you and that's it for today thanks a lot see you in the next one