 Welcome to Digital Asset News to get top stories in cryptocurrencies and digital assets and break them down to bite-sized pieces. Today, we've got three great stories and it's all about mass adoption. So first up, Huobi is now the first major crypto exchange running a Chainlink node. And this is on top of what Binance is doing already. Also Cardano developer IOHK kicks off a Shelley Virtual Summit by unveiling huge plans for the Cardano ecosystem and one that I was totally blown away by. And last up, institutions are coming in, DROVE's New York-based asset manager secures $190 million for Bitcoin fund. And this is just one more example of institutions fomoing in. But before we get to that, let's take a look at what's going on with the market. So today it is July 3rd, 2020. It looks like it's about 1230 Texas time. So Bitcoin is just barely hanging on to the 9,000 position. I think it actually went down a little bit below that, but right now this is what it's showing. So 9,000 with a gain of a fantastic 0.1%. Ethereum holding strong 226, Tether's Tether, XRP's XRP, and Bitcoin Cash and Cardano. Wow, look at that, Cardano in the sweet number 6th place. Up 7.7%. I can only assume why that is and everything is pretty much the same EOS up a little bit. So great for them. Fantastic. Let's just jump right in. So, you know, when I see articles like this, this gets me excited and why is it getting me excited? Because I am biased. I own Chainlink. I also want a bunch of other things that we're going to talk about today. So if you wonder like, hmm, what do I digital asset news is actually talking about this stuff? It's because I own it. And just to make things clear, this is exactly what I own. Bitcoin, Ethereum, XRP, Cardano, EOS, Chainlink, Tezos, and Stellar. So if I talk about these projects a lot, it's because I own them. I try not to be as biased as possible, but it just kind of sneaks in. So that's just me being transparent. But let's get into it. So, major cryptocurrency exchange, Huobi, has announced it is becoming the first major trading platform to start running a Chainlink node and integrate its price data in Chainlink's ecosystem. Huobi will use Chainlink's external adapters to make the Huobi Exchange API available to smart contracts, which will allow developers to access the exchange's price data. The first supported pairs will be Bitcoin to Ethereum, USDT, USDT, ETH, USDT. So fantastic news. Looks like Chainlink is going to be available all the way throughout for multiple pairs. So this is good. Now, if you're not familiar with Chainlink, what it allows it to do is to pull real-world data by using an API and pull everything into a blockchain, such as on Ethereum and other blockchains. Because blockchains, the problem is that they can't pull outside data into the actual blockchain. They need what's called an oracle, and Chainlink does that very well. Now, I notice people out there that are saying, hey, there are many more oracles out there, and we can use all these different ones, and yeah, that's true. There are other oracles out there, but right now, Chainlink is the one that everybody is choosing, and you've got to go with something, so I like that opportunity. Anyway, I'm moving on. While Binance was the first major crypto exchange to provide their data on Chainlink oracles, Huobi will be running its own node on the cryptocurrency's blockchain, the Huobi Wallet. The node will let it sign its own price data, allow users to be able to verify that it's actually authentic, and Will Wang, who will be Wallet's CEO, said the DeFi space offers a unique value proposition of providing financial products that are transparent, open, and programmable. He also states, we are very excited to accelerate our involvement in this emerging trend by providing Chainlink users access to Huobi global exchange data, as well as running our own Chainlink node. I got to say, this is what I've always been talking about in this channel, which is Ethereum is really a $10,000 coin, and Chainlink right now is around $470, maybe hit $5, I don't know how much it is right now, but it's about between a $50 and $150 coin. I'm just going to, I'll just round it off. I'll say it's $100 coin. It's going to be everywhere. It's going to be used with API. It's going to pull all the data into all these different blockchain that can't do it by themselves, and I think it's going to be huge. The ace in the hole, I think, is DeFi, and it's what's really going to expand this whole space. That is just my theory, but I see it actually happening. Me personally, as a small business owner, I got to tell you, to get a loan from a bank is the hugest pan A that you could ever go through. I mean, getting a house is one thing, to go through a bank and get your mortgage and all that stuff. But to go there and get a small business loan, it's a nightmare, and they never really want to loan you money when you actually need it. It's when you don't need it, and now all of a sudden they're like, hey, we can give you all these loans. I'm like, where were you six months to a year ago when I actually could have used you guys? So, with DeFi, if you can put different things up and just get it without the loopholes, I mean, I'm telling you right now, DeFi is something for retail investors great for individuals, but when small businesses really figure it out, it's going to explode. That's just how it's going to be. Moving on, Huawei Wallet already secures a total of 10 million in crypto assets for projects like Atom, Ontology, and Loom. Chainlink, the post-adds, has established itself as a market leader when it comes to oracles, which are quickly becoming one of the most important pieces of infrastructure in moving the blockchain space beyond tokens. It provides smart contracts with universal access to real-world data, off-chain events, and traditional payment infrastructure. Huawei also pointed out that Chainlink is the most used oracle in the decentralized finance ecosystem and is integrated on various other blockchains, including Tezos, Polkadot, and Cosmos. It also works with Google, Oracle, and even that slow as heck one Swift. I mean, thankfully, they're working with Swift because, boy, if anybody needs it, it's Swift. I got to tell you that to transfer money to one of my manufacturers for my Amazon business has been a nightmare lately. I had a pretty sizable income for a pretty large order that had just come up. And this was last week, and I put in my transfer, my wire transfer, on Friday. So one week ago, the bank dragged its feet to get it, and they said, oh, we'll do it as soon as we can. So I had to wait Friday, and the bankers aren't going to work on the weekend. So Saturday, Sunday, that didn't happen. Then on Monday, around 3 or 4 o'clock, the manufacturer sent me an email and said, hey, we got it. We'll ship out these units. It was like 20,000 units to Amazon. So essentially what happened was I lost four days. I lost four days of revenue because the banks suck. So when I see stories like this, I am all on board. I mean, I cannot wait till things actually speed up to where they're supposed to be. I mean, if I can send an email to any one of you that is watching this video, you, I don't know where you are at. If you're in the UK, or Australia, or India, or Canada, whatever else. I can send you an email. And you will get it in seconds. But to send money, which is all digitalized anyhow. I can't do that, even though that I pay these banks the things I do. It is one of those frustrating things, and I'll just leave it as that. Let's move on. Next up, go down developer IOHK kicks off a Shelley Virtual Summit. And this is actually was one of those stories that people were actually asking me about, and I was like, I had heard about it slightly. Let's see what's going on. So what's going on is that during the Shelley Virtual Summit, which started yesterday that was in July 2, IOHK confirmed the successful deployment of the Shelley code to the main net on June 30. And I got to tell you, Charles Hoskinson came out and said, we want to do this. We want to deploy the Shelley code to the main net by June 30. However, we're going to leave it all the way to July 7, just in case there's any kind of hiccups. And it actually happened, which was pretty amazing. So I'm optimistically hopeful. Anyhow, from July 7th, Cardano holders will be able to participate in staking, as well as transfer the coins to wallets that support the upgrade. So from July 7th, I believe all the way to the end of the month, that is when this is going to happen. Now correct me in the comments section, but I will definitely be doing a video on how to transfer your coins to the wallet that is going to support this Shelley main net, because for me as a holder, this is huge news. Moving on, IOHK also announced the launch of a decentralized identity system. Let me read that again. IOHK announced the launch of a decentralized identity system called Attala Prism. With this, millions of unbanked people will have access to social and financial services, including DeFi. I read that and I thought to myself, that's the missing piece. This is, if this actually happens, it really is game over. Because you have to understand that wherever you're out in the world, if you don't have any kind of banking system that you are the unbanked, it makes it extremely difficult for you to either grow your business or just to actually have funds and support you and your family. Think about it. If you have to carry your cash everywhere you go, you're opening yourself up for high risks, crime, different aspects like that. And then also, how do you take out loans for your business or when things are shortchanged? Because everything is just on you because you are unbanked. It makes it extremely difficult. So all these different programs that they have where they're like, oh, well, you can put your money in here, you can do this. You can also, and then my question always was, well, how do you get the fiat, how do you get the actual paper that you have wherever you're at into your whatever it is, like an uphold wallet or ABRA or whatever. So if you're there and you're in one of those unbanked situations, you can go to any kind of like a convenience store or a local shop or something like that that has like a kiosk in search or some type of middleman who will take your money and they'll give you some kind of debit card. Then you use that debit card. And most people in the world these days have a smartphone. Not everybody, obviously, but there's many more people with a smartphone than there are actual bank accounts. And you take that card, then you punch in the number and then boom, you have your, you are essentially banked into this digital world. So the problem though is that if you have to do like any kind of KYC and AML stuff as time goes on, then you're going to need to know some kind of like identity system. And I think this is the big thing. But it's not only that, I see it like this. If you can have a decentralized identity system and it is a trustless system that has the ability to in some way, shape or form verify your identity, this could be huge for things like voting, record keeping, documents, deeds of trust. I mean, I mean, the list just goes on and on. So when I heard about this, I'm like, wow, that is pretty amazing. So I mean, we'll see it's very ambitious. I don't know how it's all gonna work, but hey, they're working on it and we'll see what happens. So on we go. IOHK is also developing Project Catalyst, which is a decentralized treasury fund for Cardano holders. Basically, it'll allow the Cardano community to participate more by deciding on the allocation of funds to suitable projects and voting on important decisions in the network. Project Catalyst will be rolled out in the fourth quarter of this year. And Cardano is currently valued at 10 cents at the time of publication, up about 10%, which we just saw in the last 24 hours. So here's the thing, we haven't had a lot to be excited about as far as Cardano. And I gotta tell you, I mean, I bought it back in 2017 and I just saw it just tumble and tumble and tumble, but these are good days. These are optimistic days and hopefully it all works out and hopefully things can actually keep on building. But who knows, it is cryptocurrency assets, so we will see, but as time goes on and they start to talk about staking and transferring coins to the wallet, I will definitely do a video on it and I'm excited about that. Next up. So last story, this was a pretty interesting New York based asset manager, secures 190 million for Bitcoin Fund. The New York Digital Investments Group, or NYDIG, has raised 190 million for a Bitcoin Fund called the NYDIG Institutional Bitcoin Fund LP according to a filing with the SEC. Bitcoin Fund is 24 unnamed investors. Oh, I'd love to know those names. And was originally registered with the Securities and Exchange Commission in 2018. It originally raised 31 million and in 2019 it raised 54 million from six other investors. The fund has grown to almost 200 million cents. Notably, NYDIG made headlines back in May, I guess, after closing a 140 million fund called the Bitcoin Yield Enhancement Fund. Forbes reported it's unclear whether the funds are different. If they are indeed different or the same, then the NYDIG has become one of the largest institutional investors in the crypto space in the US with a total of 330 million investors or invested in Bitcoin across both funds. The NYDIG is a holder of the coveted Bit License. Here's where it gets interesting. And I've always talked about this on the channel. It's not about what you know, it is who you know. So listen to this. They are the holder of the coveted Bit License from the New York State Department of Financial Services, NYDFS, which makes it a regulated entity in the state. The former financial regulator who created the Bit License in 2015, Benjamin Lasky, joined the fund manager last year, 11 months before it received the license. So how big of an asset is that guy for that company? They must have paid him a premium to get him over there because you know how many people actually apply for and actually get accepted? Not too many. So of course, Benjamin Lasky, it's all about companies themselves. It's all about who you know, not what you know. Even if the new fund is rebrand, NYDIG is a new major institutional player in the crypto space. Institutional investing in the space has so far been dominated by grayscale investments which has over now four billion worth of assets under management. So this is always big news when we see institutional investors. And I think that the more that come in, first of all, it's a double-edged sword. The more they come in, the better it is for the space because the more they can kind of pull things in. They're like a black hole. They kind of just suck everything in. And especially when you get financial analysts or financial planners kind of sucked them the same way and they start to tell their clients like, hey, we should do this and allocate 1% or 3%. And then before you know it, it's just like this big, huge parabolic bull run like in 2017. In 2017, we thought these institutional investors were actually gonna be here and they weren't really here. And now you can see it all over the place. So I'm gonna definitely be adding these to people like Fidelity digital assets with their seven trillion assets under management. And on top of Fidelity being just the institutional investors, they've also been tasked with being a custodian for a new Bitcoin trust. And this is the one through the Wilshire Phoenix Bitcoin trust. So they're doing a double duty. So they have custodial services and then they have assets under management as far as digital assets. And then BACT is already in there. BACT and Galaxy Digital, they're gonna offer custodial services on top of Nomura and being with Colmenu. And that's on top of all the other institutions that are here like TD Ameritrade with their one trillion assets under management. You've got the big guys, Greyscale ladies talked about. And this was, remember, this is quarter one 2020 when they had a paltry 2.2 billion. Now they have what, four billion it said. So not too bad. On top of, and this is more like a, not a popularity contest, but something along those lines because Paul Tudor Jones, he was like an investment legend from like the 80s and early 90s. And his group, which has, you know, 21 billion assets under management, he just came out on May and said, hey, I'm gonna put 2% of the total investments into Bitcoin futures. So all these different people that are in the traditional market are like, hey, Paul Tudor Jones, the legend is doing this, we should get into it. I think that's probably the reason why we're seeing all these different things happen. So I'm excited, three great stories today. Thanks for sticking with me. I really appreciate it. And hopefully we'll see some more mass adoption. Now, before we take off, if you got a couple minutes, I like it to stick with me for scam of the day. So I actually posted this yesterday, late at night. This actually came up on my feed. And it looked, to me, it looked just like, I mean, this is what Joe Rogan's podcast looks like, exactly like this. Experience number 1502, finance and blockchain, 69,000 watching, 69,000 watching. And there was a nice little giveaway of 5,000 Bitcoin. So you're looking at this and like, all this appears on my feed normally, except for this part, give away 5,000 Bitcoin. Now I know what that is. You know what that is. But the uninitiated has no idea what that is. So when I saw that, I immediately posted it and I said, Hey, there's no scam. This is my feed and this trash pops up. Please downvote and report. And all of you are a large majority of you did it and they took it down. So, but I don't know if YouTube took it down because it says this video isn't publicly available. So whoever is doing that, usually if YouTube removes it, it says this has been removed by YouTube, you know, guidelines, whatever else. But these people made it, they took it from public to private because they knew it was gonna get taken down. So, hey, that's a step. I don't see why YouTube doesn't have the ability to take it out or whatever. So that inspires me. I like to see that. So if you got a couple of minutes, let's do one more. So this is the scam of the day. In the description of every one of my videos, there's gonna be a link in the description. It's gonna say scam of the day. And you click on that and it's gonna take you, these are all the ones that we've gotten rid of so far. So not too shabby, but we got a couple more that we need to get rid of. This is the newest one. It's just the dumbest one, but sure. It's Kylie Jenner interview, which amazingly has over 17 on her views. And this, if you watch the whole thing, I have not yet. But someone told me that she's not even talking about Bitcoin, which is not a surprise. But however you see it right here, it says to participate. You need to send between 0.1 Bitcoin to 20 Bitcoin to the address. And we'll send it back to you twice the amount you sent. So how do we know this is a scam? Because you can't just take my word for it, right? All the stuff I tell you, you shouldn't take just my word for it. So first thing, we wanna take a look at the comments. Well, the comments are turned off. So that's a red flag. Second of all, we're gonna take a look for what's called an asymmetrical giveaway. So if I see something where someone's like, hey, send me one, I'll send you two. Or send me two and I'll send you 20. That's an asymmetrical giveaway. So here's the thing about scams. You are not special. Nobody will send you free money and that's just the truth. I don't care if there even is a legit thing, treat everything like a scam until proven otherwise and you'll be a lot happier. So what do we do? The first thing we're gonna do is we're gonna dislike it, which we've already done. And the next thing we're gonna do is we're gonna click on the three dots. And we're gonna click report. And I'm gonna say this is spam. Again, I cannot believe I gotta do this two times. Scams and fraud and next. And just say whatever you want. Like I say, this is a scam and just report. So that's the big thing. And if you ever are curious about like, well, this is a scam, we're not a scam. Like usually it's gonna be like something like Elon Musk or it's gonna be somebody from like CZ Binance or like somebody from Coinbase and they're gonna say, hey, give us this Bitcoin, we'll send you two back, whatever else. Just send them an email. I mean, you can't send Elon Musk an email which you can send Tesla an email and say, hey, is somebody giving away, is Elon Musk giving away free Bitcoin? They'll tell you no. Send some to Binance. Hey, you guys giving away free Bitcoin? No. Send the coin? No. I mean, you can't send it to College Enter but I'm just gonna tell you right now, it's not a real thing. It's a scam. So if you ever are curious, just go ahead and send somebody an email. And they'll get back to them 24 hours usually and then that's it. So look, I appreciate you sticking with me to the scam of the day. If you got time, go ahead and do that. I really appreciate it. And also, I wanna say thanks to my supporters. So level ones, they pay a couple of bucks. Thanks to everybody. Level two, they pay a little more and I give them a shout out. So shout out to All Right Soft. When Mullet, myself, who else? Dave Plummer, Grant Sharman, Bruce Wood, Baking Benjamin's, Noel, Flippin' Vegas, Martin Lewin, Michael Ralph, William Howell, Crazy Crypto Canuck, Tessie, Ryusaki, Positive, Trock, LLC, J.C. Durick's, Crypto Veritas, John Miller, The Office, L. Murg, Michael Jeffery, The Kells Show, Maid Research, Andrew Herrera, Terry Prospery, XRP Carolina, whatever A.E. And Hero Soap Company, they make soap. So that's it for today. And also, if you get an email from Dan Digital Asset New at Gmail, that's a scammer, my email is Dan Digital Asset News with an S at Gmail. This guy, or gal, I don't know who it is. They want you to join some kind of trading group. I don't do trading, so that's stupid. But that's it. So again, thanks for sticking with me. Appreciate it. Have a great day. See you on the next one. And that's all.