 Welcome to digital asset news to get top stories and crypto current digital assets and break them down to bite-sized pieces today Still some concerning things first up. It's someone with draw 96 million worth of Bitcoin from okay X CEO J How has the answer and if you've been living under a rock or just haven't really been up for air lately? The exchange okay X has shut down all transactions due to an investigation and the detainment of one of their founders So the question was asked how was Bitcoin moved if everything was on hold also Bitfinex announces polka dot staking rewards next to Cardano Eos and Adam this time I'm pretty excited because I own most of those just not out and lastly Bitfinex partners with Celsius Network Limited lending platform. This is big news for Bitfinex all the way around They're gonna be able to buy things easily and also be able to earn a nice APY or yield before I take a look at the market So today it is October 17th It's about 1 p.m. Texas time into Saturday and if you may have noticed I did no video yesterday And I have to tell you I gotta tell you that it just felt very weird I got so busy with other things other parts of businesses that I just could not make one which is a rarity and It just felt made me feel very antsy. I I have goals. I have Structure in place. It just yesterday everything kind of broke down So it makes me feel like I said very discombobulated so I try to get back in the groove Which why today we're gonna do two videos. So first up This is what's going on today. And this is not surprising like we talked about yesterday and also this is another thing That's been taking more of my time I've been doing a lot of a lot of live streams over on theta if you look in the description of my videos There is the link. It just says follow down the very first one is my theta channel And I usually do live streams around 11 to 12 11 a.m. to 12 p.m. Mountain center time and it goes for like an hour and they're fine. I mean, they're super fun They're really engaging. There's not a lot of people there. I answers everybody's questions. It's just good times So if you had a chance check those out on theta and just join me over there, but Let's see what's going on right now. So Bitcoin is down point two percent I think it was down point six percent and this is what I was talking about yesterday on theta I was saying that because this this okx what's going on over there, which is just awful You're gonna see a dip you're gonna see big slumps And it could be massive or it could be a little bit But it's definitely gonna slump because that's how things work in cryptocurrency assets when you have news That is negative. Everything just kind of falls apart for a little bit This is a very early community a very early asset class So when something like this happens, hey, there's a little bit of a dip So just expect it and just know that this is a great opportunity Because nothing changed. Bitcoin didn't get hacked You know Satoshi Nakamoto didn't come on go surprise me Vladimir Putin and and nothing has changed, right? Ethereum is still moving forward tether tether. Nobody really cares XRP still holding strong at almost 25 cents. So nothing really is is different It's just that okx, you know had a little had a little hiccup So this again is a great opportunity just stand back and go, you know what? I'm gonna pick some little things up on the dip if you're a dollar cost to average you're like myself You know, you know what? Fantastic timing. This is the day. I'm going to DC a not dump a bunch of money in But when it goes down a little bit just put a little money back in there See what we got because I can tell you I can tell you right now that most of these ones in the top 20 I'll say not all but most will go back up But let's see what we got so chain links down 3% Cardinals 1.6 up. Hey, that's pretty good. Let's see. Let's see what's up because everything else is down stellar of 7% On the news that they're going to support us DC So so that's actually big news if you're ever trying to send us DC sometimes not as quick But if you can send on the stellar network, I mean that is like lightning fast super fast When I use stellar to send anything and the same thing with XRP it is it is Light years ahead of everything else That I have found so when I'm when I'm sending a theorem, it's not too quick, but it's quick enough Bitcoins a little bit slow, but XRP. It's like a couple seconds stellar same thing So now you can send us DC on the stellar network. That's big news stable coin off a stellar So that's why people bought that and this is the result. What else we got wrap bitcoins up Hey, great. Okay B is down 19% that makes sense as that is a token of okay X So sure I can see why that would probably take a dip and then NEM is up 1.3 percent Congratulations NEM holders. You're rock rocking it right there with 1% and pretty much everything else Ah theta down 7% I don't know what happened there, but I will tell you this I will be buying I think today I'm gonna be buying a massive amount because I'm what I'd like to do is I'd like to be on a guardian node That means I need 10,000 theta So if I can do that I will do it and actually this leading to up to a question I actually got from a subscriber. They said hey, I'd like to be on one of those guardian nodes for theta But I don't I'm not gonna be able to get 10,000 which is let's be honest It's pretty tough. So I reach out to my man digital Dave over at crazy for cryptos I asked him that same question he goes he says I believe they could join g pool.io with less than 10k I was like, oh interesting. So G pool.io. I'll put that in the description But it's just g pool.io. I think that's how it works I haven't done my due diligence, so don't quote me, but it's just a little off the top of my head type of thing I wanted to talk about real quick. So yeah, that's what's going the market. Let's just jump into today's story, huh? All right, so the question is this another great story by Alex D'Avniat Did someone withdraw 96 million worth of Bitcoin? So great question What happened? So if you don't know there is something very odd going on at okx I have heard and I have read conflicting stories one is that the founder was attained by Chinese police But then that was like a week ago but then they said no no no it was yesterday and then they said something about how that was untrue and there was something different but Regardless it doesn't a lot of things are not adding up. That's all I can say I'm not here to try to spread flood just trying to give you the best information So there was when I was doing the live stream actually on theta. I was looking on Twitter and one of the it was Whale alert and it said 5,000 Bitcoin just transferred from okx like right as I was in the live stream I was like what how the heck did that happen? That shouldn't happen. So this was actually in response to that So okx CEO J Howe addresses the issues heads on about these internal transfers claiming that the addresses in question have been Mislabeled by third-party. So apparently when they reported this and it's just a bot that just looks at just a grand search Throughout the internet about what kind of transactions are going on that are heavy or whale like transactions And one of those was a big move of 5,000 Bitcoin Which it said from okx to Binance and they said no no no that was just an internal transfer So don't look behind the curtain about the wizards doing Anyhow okx announced the suspension of withdrawals on October 16th causing an immediate 3% Bitcoin drop again I don't I understand why this happens, but I don't understand why people don't go. Wow. This is like a little sale I can either pick that up. I was kind of hoping to go deeper But it didn't that was kind of a bummer Later later turned out that zoo star ming zing the founder of the multi-base company of okx had been taken away by Chinese Police and a statement shared with you today how whole heartily apologized for pausing withdrawals Claiming that it was done for security purposes and again this this one says he was just taken away by Chinese Police in another article. I read it was done a week ago So I don't understand why this is going on right now all other activities including deposits spot-training derivatives staking etc remain Unaffected and we would like to provide our assurance to all our customers that their funds are safe The decision to temporarily pause withdrawals was taken with user security in mind. So that sounds pretty good I like that part, but here's where it gets crazy Ming zing acts as okx's sole Private key holder, which is why the exchange cannot authorize withdrawals as of now. Let me read that one more time Ming zing who is the founder who was taken away by the Chinese police? acts as okx's sole only private key holder, which is why the exchange cannot authorize withdrawals as of now Lastly it states we're unable to reveal any information that might put our users funds at risk Suffice to say that okx maintains the highest security standards to protect our users, blah, blah, blah, okay, sure All I'm gonna tell you is this When they start to withhold information, it never is a good sign again. I could be totally wrong I could be spreading fun by fun myself, but if it was me, I wouldn't feel very comfortable going to that exchange I have my problems with Coinbase, you know, they go down, but it's not if they go down for like forever They come up and they say hey, we had a screw-up and we fixed it now I still understand why a billion dollar company can't be a little more proactive But that's besides the point the point here is that This exchange apparently has a sole private key holder and that's who does all the authorizations Are you out of your mind? Did we not learn anything from quadrica CX the Canadian exchange the same thing happened with their founder? Some guy got his name. He was the sole private key holder He went to India died supposedly and then everybody lost their money kind of crazy, right? I'm not saying that's what's gonna happen here I'm just saying that unless I'm reading this wrong and and please and feel free to correct me in the comment section This is crazy. This is crazy town. I would not go into this. I don't know why this is happening I don't know why anybody would go to okx again. It could be wrong. Let me know the comment section Next up if the next announces polka dot staking rewards next to cardano eos and adam and I've got I invest in a polka dot I love it. I think it's gonna be big I think it's me gay big because of Gavin dr. Gavin wood who is part of what I call the aetherium mafia who was one of the great eight that was the founders of Aetherium so I believe in that and what I was interested in was the staking thing because if you try to stake it Outside of the exchanges, it's a little bit technical and you can do it, but I'm not gonna do it I'll just be honest with you But I mean there's other people out there that are much more savvy and smarter than me which is not hard I might add So, you know great, but if the next is gonna do it fantastic I've also learned through my live stream of theta that kraken is also doing staking a polka dot and you get up to 12% returns and that was started back in August. So it was just interesting. So I thought this was great Another exchange is doing it. So what's going on here? So The major if the next exchange spread the word about adding staking rewards for polka dot this open source platform ensures Interoperability between multiple chains if you don't know what polka dot is it does not compete with anything is on a smart contract Type of blockchain like an EOS a cardano an aetherium It just is there for interoperability because we're gonna need that we're gonna need to have block chains talk to each other And that's what we're gonna need a lot of polka dot So that's why I'm vested into it So that has been added to a group of coins that were listed listed for staking such as Cardano Adam Visas, I don't know what that is EOS and Tezos and it states staking allows users to earn more profits using their crypto holdings Bitfinex offers 14% annually for holding their dot coins for them. What do we got over here Kraken? 12% well, hopefully they can not speed that up a little bit then lastly Bitfinex in-house custody service will ensure that That state coins are safe and sound coins will not be leaving Bitfinex for a third party custodians I like that I like that so much to go sign up at Bitfinex, but guess what I'm a US resident and they told me This is the email to confirm it you have indicated you are as resident and you must cease trading and funding activity Close any trading platforms and blah blah blah because you suck. You're in the United States. I Really wish the exchanges would just listed on their home screen like this is who we accept This is who we don't if you're in one of these countries don't even bother Go away as a business and pulling people in it is pretty brilliant Just kind of say hey come on in here give us your email address and da-da-da and then they say ah, sorry sucker You don't wait you can't use this We're we apologize and then later on when they do get compliance Nate and the US does say then they get us email the people that sign it before I go Hey guess what? Why don't you come on back? We miss you and we're gonna be able to accept you so Kind of a bummer, but what are you gonna do? However? I'm pretty excited about the Kraken thing So I'm glad did that theta live stream because people told me what I don't know and I love that anyhow Let me know what you think about that in the comment section and let's move on to our last story So now last up bit for next partners with Celsius Network again I was super pumped until I learned I could use bit for next but I do use Celsius I do use it a lot if you don't know Celsius is on my one two three punch I have this great little spreadsheet the exchange of walled feeds and it goes over everything from coin base Kraken Celsius is Voyager by an ants uphold Abra simple swap uniswap Swift Swift X KYC not me E toro Don't recommend them and crypto comm and I just go over trading fees are how much it cost how much you can get as far as a Interest or yield for just holding cryptocurrency on these different platforms like Celsius That's where I hold 30% of all my Cryptocurrency assets because I got a nice little fat yield and I like that also Voyager I got some over there and Using Kraken more and more because I'm more excited about their banking license But if you're looking for the exchange, it's in the description of my videos There's a link looks just like this and you can check it out If you use the affiliate links great It's between 10 and 25 dollars just to sign up and I highly recommend you do that Before the next bull run because in 2017 you could not get on to exchanges because they were all shutting down Because they had too many people so do that now you can go right to the exchanges or wallets and download But you just don't get the 10.25 just if you want to use the link all everything's up to you and I'll jump back So this is big news for Bitfinex and Celsius and it states our customers can open a wallet with Celsius and Manage it through the Bitfinex platform Though through their Celsius wallet our customers can earn a return of up to 6.2% of Bitcoin up to an almost 10% of Ethereum and variety of leading crypto according to Bitfinex platform and then I'll just paraphrase the whole rest of the story So I think this is great because on Celsius you can buy through Celsius They use some kind of like third-party thing, but it's like three and a half percent for a fee So I don't recommend that actually I talk about that on the actual exchange fee I just say you know, this is pretty much used for interest I use crack and a Voyager to buy my crypto So I thought it was pretty cool that Bitfinex you can buy it on there It looks like the fees that I saw were pretty low And then you could just you know get the yield the APY over there and just buy and hold on the exchange now again Of course not your crypto not your keys We're always talking about you know You have to actually have your keys to actually have control of them However, it is nice just to you know stake those things out Inside and make it pretty easy, but it's up to you you can take them off and you can stake them like that Or you know, you can just do nothing put leave them on the exchange and have yield So again, it's all up to you whatever you want to do so so that is it That is my my quick down and dirty Video that I want to do yesterday that I couldn't do and then I'll be talking later today about some What I feel some pretty big news there is a an interview with the head of the CFTC where he is basically saying I'm not kidding that he loves cryptocurrency and he's trying to support it And actually he's pulling in people from Silicon Valley and and people who actually have worked for exchanges to come work With the CFTC and he wants America to be the leaders I was blown away at this one. So there's that and I also want to talk about Tesla and chain link. I think that's a pretty big story I guess and some other things that are you know kind of cool So I'll do that later, but that's it for this video if you like these videos There's gonna be too much gonna pop up on your left and right not sure you too kind of controls that stuff And that's all I got for today. So thanks. Well, that's that's all I got for right now I'll say so thanks for watching and I'll see you in the next one Which will probably drop in another three or four hours. All right You