 Welcome to Jalassette News, the top stories in cryptocurrencies assets and break them down to bite-sized pieces today. We've got some, what I would think would be concerning news. First up, Robinhood restricts crypto trading due to extraordinary market conditions. And this was after they shut everything down because of Wall Street bets and everything that was going on with GameStop. So now Robinhood is taking that all the way into our market. And I got to tell you, it's not looking good. And this is why you should not use Robinhood for a plethora of reasons. First of all is because they're doing some illegal shady things. And second of all, that's not really cryptocurrency. That's paper crypto that you're buying. On top of that, we also have a nice little piece where Ripple and CEO Brad Garlinghouse face another lawsuit over XRP crypto being a security. And why this one is pretty laughable when you look at it. But when you peel it all back, you can see the tidal wave that is potentially coming. So we'll go over those two pieces. But first, let's take a look what's going on in the market. So first of all, it is a congratulations. We made it to Saturday somehow. It's 9am, January 30th. I'll pass with Texas time. And here is what we have. So Bitcoin had a little bit of a rally. And that could be because of news. And I've said this before and I will say it again. It is sentiment and news that really move this market right now. Now as time goes on, it could all change. We could be more like the traditional markets. But right here, it's all news. And if you have something like a little Elon Musk action, or a little Ray Dalio thing going on, or little Wall Street bets talking about Dogecoin, well, that's just news. And that's what moves the market so far. So we were up, we were up quite a bit, almost 37,000, retrace back to 34,000. And that is just the normalcy or normalcy for crypto markets. Ethereum is down 2%. But still 1361 is pretty good. Tell you this, tell you nobody cares. XRP, I cannot say it's the pay of the quarter. Now it is at 40 cents. So it is up, it is up 40% to 40 cents and 36% for the seven day average. I thought personally that what was going on with XRP was that it was going to have a real hard time after all the different crypto exchanges were stopping the trading. But I was wrong. I'm happy to say I was wrong. And here we are. Polkadot down 4%. Everything else is pretty much just a weird day, ups and downs, weekends are the tough parts. Sundays are always a big dips. And then Mondays, there's always like a little bit of rebound, not always, but what it is. Let's see what else we have. 20% for Uniswap. Let me change this. Wow, 280% for Dogecoin. Congratulations, Dogecoin holders, if you could sell it. But this is what's going on in the market. We know what the market is. Let's get into a serious topic. If you own Dogecoin, you had it on Voyager, you weren't too happy yesterday. And neither was I. Because what had happened was Voyager had an issue where it went down. And on this channel, you know, I love Voyager. You know, I talk about the VGX token and some will say, ah, you know, you should talk about it so much because you're shilling Voyager. I'm like, well, I talk about Bitcoin all the time in Ethereum. Am I shilling those two? Yes, exactly. You know why? Because I believe in both of those. Everything on my portfolio is what I believe in. If I didn't believe in, I wouldn't talk about it. And that's why I think that Voyager is still going to $30 in 2021. That's just how I see it. So what happened yesterday, let me do a close-up real quick. What happened yesterday was this. We know that it went down. Coinbase went down, Kraken went down. I think Gemini went down. Now we see some things with Robinhood. That's Robin, whatever. So all these different exchanges went down. And there is a difference between going down because you can't make the orders. And there's a difference between entry points because there are so many people flooding in. And in reality, it doesn't matter. It doesn't matter if it's one or the other. Down is down. Right? So when you go and you have a bunch of Dogecoin, like, I had a lot of Dogecoin. Totally forgot about it because it was on my ledger. And I was like, man, I got a lot of Doge. I was like, oh, I should probably take a little bit of profits. Like what Francine Jay says, he's like, hey, nobody ever went broke taking profits. And it's a pretty good statement. So with Voyager, people were, I mean, yesterday's video, what we talked about. We were talking about the different exit strategies that we have. And that was, let me pull this up. I just talked about everything that I'm going to do as far as moving things around as far as assets. And in that video, it was probably, I'd say 50% or so, it was all about, it's not coming up, it was all about the different comments, which was all about Voyager. Rob, what's going on Voyager? Why is it down? What's going on? He told me it wasn't like Coinbase. He said it was different. You said this, you're right. I did say that. And guess what? It still went down. So what the heck happened? Well, this is what happened. And I'm going to read this, but I'm not making excuses. This is what it is. Voyager app, and this was at 11.53 PM, but it hadn't been down up and down the whole day, which is really frustrating. The Voyager app is now back online and trading as we're presumed. I'd like to thank everybody for customer service. All funds were kept secure. And I will say this, at least over there on Twitter, if you follow them on Twitter, it was like, there was an update every couple of hours. Your funds are safe, we're just going through maintenance, there's so many people coming in. Your funds are safe, just a bunch of people coming in. Your funds are safe, friends of it. Well, I appreciate that because I remember, I mean, in Coinbase, they're not sending you out different things like every couple of hours. They're just like, hey, suck it up, because we're not going to tell you, we'll tell you when your peasants get to it or we get to it. So in this one, you're like, oh, okay. But still, our team is working around the clock to increase our server and database capacity, do the extraordinary growth, driving new accounts and volume of the crypto market. This results in 100x growth in a 24-hour time period. And one of the other emails they were talking about, they were getting 100 signups per minute, I think it was. Which makes sense, because if everybody who's at Robinhood realize, I mean, they pretty much just did a scam on everybody, on all the different retail investors, right in front of their faces, and they're pretty much like, what are you going to do? What are you going to do about it? Are you going to give us a fine? We don't care, we're billionaires. And that's what's going to happen. I was on Alex Machinsky's show yesterday, and he said the same thing. He's like, he's like, they're billionaires. So if you give him a fine of a billion dollars, like that's okay, because we just saved all our hedge fund managers and everybody else out there, billions with with an S plural. So we don't really give a, we don't give a care on the go and find us. So when people realize this, and they hear about Voyager and they hear about Doge and Bitcoin, everything else, like, I want to give him that. And I think that's what happened when everybody started to come in. Voyager wasn't ready. I'm disappointed that they weren't ready. I am. They should have had this all fixed. Now, this comes out like, hey, we're catching up on our system. We made a bunch of upgrades and here we are. But here's the thing. The question then becomes, is this going to happen again? Because I don't want to hear the same song and dance every single time this happens. Oh, there's a big influx, we didn't know. They're not, you are not Coinbase Voyager. You are better than them. You are a broker. There is all these different places out there that are all the different exchanges that you connect to. You're the hotels.com. I understand that that part won't go down. But if you have a bunch of influx of people, get it right now. Get it right now. Even at danteacherscrypto.com, it's 100% free website. I got all the different information out there that you probably want, as far as like learning about cryptocurrency is 100% free. What I did in the beginning is when I talked to the providers, the server providers, and like, look, it's not big now, but it's going to be. So let's just give me one of the best packages that you have. It's going to be pricey. I don't care. But I need this to be up the whole time because if it goes down, it's worthless. That's what happened. So Voyager, they need to do the same thing. Now, as it stands right now, this is what they've done. It's still not good enough. So I reached out to Steve or like the CEO, like Steve, man, you got to come on the show. You got to tell us what you guys did, what happened, what's going to happen moving forward, and that's it. Now, I still trust these guys. And if you want to make an investment, bet on people. Steve's one of those guys that's already been around. He was a CEO of E-Trade, made that into a multi-billion dollar company. He was CEO of Lightspeed, made that into a multi-billion dollar company. And here we are with Voyager. I have no doubts, but I need, and I think you need, a little bit of like a little talk and just say, okay, fair is fair. What do you do? What are you going to do in the future? How are you going to handle it? I don't care what happens as far as things going down. It is how you handle the situation which will define you and the company. And that's how it has always been. And if you hear about my talk about Ledger, verse, there was another old story about Bear Aspin, but you can watch the video. So that's what's going on. We'll have him on today. I had a lot of things going on. I'm also going to be in Alex Maskioli's show, me and Pat Ackerman. We're going to talk about Voyager as well and do a little deep dive. I'll link that later on. But that is what is going on with Voyager. It is up right now. Everything's good. The real question is, what they do? How are they going to handle it? All right. So let's jump back to the stories and I can get off my rant. All right. So Robinhood restricts crypto trading due to extraordinary market conditions. What's going on here? Well, Robinhood sucks. And actually they sent me out this nice little email and said, we're sorry about this. And now trading is coming up and you can buy GameStop. And I was like, man, I sent him a response on Twitter and on email. I sold everything I pulled out. So trading app has halted instant deposits for crypto purchase on Friday. Robinhood confirms the move saying it was switching off instant deposits due to extraordinary market conditions. Extraordinary, meaning that their buddies were getting slaughtered and their faces were getting ripped off because they were shorting GameStop and everybody else came up from Wall Street Bets and said, we're going to buy this stock and have you guys lose big because you've been screwing us for years. That's what happened. But that is what it is. The move comes after Dogecoin and Digital Coin based on the popular Doge meme spiked as much as 800%. And this was actually on CNBC. And it's a good minute and a half snippet. I'm not going to play it because they pretty much just said the same thing I just talked about. But there was two things that they said, which was interesting. And it proves my point exactly. This market has moved by news and sentiment. This guy, I forgot this guy's name, but he was saying, yeah, this is what happened GameStop. He goes, also, and you can see the price right here, 37.3. That's how much Bitcoin went up because of this small thing that Elon Musk put. Hashtag Bitcoin, which is the same thing that Jack Dorsey has. Jack Dorsey, CEO of Twitter and Square. He just has Hashtag Bitcoin. I thought that Elon Musk is kind of a funny guy, and he kind of does funny things. So I thought that he would, this was just like a joke, and he was going to switch it back to see what, just to do it, but still there. And it's been there for a couple of days. So that's interesting. And then they were talking about that, about how that actually moved the market. And I think it did because when you have one of the most, the richest man in the world, who just became that, and he puts that on his Twitter feed, and that is millions. How many, how many users, followers does he have? 44 million followers. And they see that. It's pretty good advertising. And you know what else is really great advertising? Robin Hood's screwing up. That is like the best. That and the Federal Reserve printing money. You cannot buy, you can't buy advertising like that. And then at the very end, they talked about, you know, also there was what Ray Dalio said. And Ray Dalio talked about what I really think of Bitcoin, and he's been a proponent of Bitcoin, really not to kind of wish you well, but on this one, he really clarifies, he goes, this is going to be a fantastic asset. It's going to do really well. And that's what he thought. And they were talking about how it really didn't move the market, but really it was Elon Musk. But you put this together with Ray Dalio, with Robin Hood, with the Federal Reserve, with everything that's going on, you're like, you got a winner. And that's why I think 2021, you couldn't ask for a better year to be in the crypto. Like everything just kind of is coming together. Unless we get something crazy like another, I'm not going to say it, but it's a pretty good year. So anyhow, let me know what you think in the comment section. And let's move on to our next piece. So next up, Ripple. Ripple and CEO, Brett Gullinghouse, facing a lawsuit. This isn't a, here's the story. This is a lawsuit filed Monday in a Florida district court, alleges that the sale of XRP crypto tokens to Florida residents violates Florida securities laws. And this is debatable because the SEC is going through that whole process right now to figure out what really XRP is now. Don't yell at me. I'm just a messenger. There's a lot of different countries out there that has classified XRP as a currency or something else. It is only the SEC in America that is questioning the validity and if it is a security. Also, it's not just that, mind you. They're also bringing in Brad Gullinghouse and the other owner, the one of the co-founders. What's his name? I forget. They had been selling a lot of their tokens onto the open market. I don't want to get into the debate. That's what the lawsuit is. The suit names Ripple, Lab Inc., XRP2LC, and Gullinghouse as a defendants. And the plaintiff, this is where it gets interesting. The plaintiff, Tyler Toomey, said he purchased 135 XRP on or around November 24th for 97 bucks. And then sold the coins at a loss. The lawsuit states the plaintiff sustained a loss of $48.56 or just over 50% of his initial investment. Although the plaintiff's own loss is small, this is where it's interesting. He seeks to represent a class defined as all persons or entities in the state of Florida who purchased XRP. Toomey is seeking monetary compensation, reasonable attorney's fees, expense, and cost of the suit on his own behalf and on behalf of other class members. So, here's the thing. It doesn't matter that amount. It is an insignificant amount, but it could be the initial snowflake that turns into this massive mountain of snow. It's a class action lawsuit. I don't know how many other people are a part of that class action lawsuit, but if you can just bring it forth and then someone else is like, you know what? I lost some money. And I know some other people did too. And then you start to see, have you ever watched TV late at night? And then you see all these advertisements for like a mesothelioma. Call us right now. Class action lawsuit. I don't know if they could go that route, but you have to understand that class action lawsuits are, whether they are frivolous or not, they are super expensive. And it doesn't matter who's right or wrong. If you are ripple right now, you were like, damn it, we got to fight. It's like fighting a war on multiple fronts. And you know, if you're a fan of history, you know that doesn't really work out too well. So if you got a battle raging over here with the SEC, then a battle raging here in Florida with a class action lawsuit, then a battle raging over here in other states, you got problems. You got problems because you're shelling out money left and right. And again, what happens to the company doesn't look too hot. Now, this is also to finish it all up. Just like Ripple has always said, even if Ripple, the company goes away, it doesn't matter. XRP will still continue to exist. And that'll be the big test. Will XRP still be out there and still be used if Ripple is gone because they are the third, that'll be the, I guess, the intermediary or the person that actually promotes it, which would define the how we test. I'm not going to get into that. But again, if Ripple goes away, XRP will still be there. The real question is, will XRP flourish if Ripple, something happens to Ripple, the company? All right, so that's it for today. Thanks for watching. I really appreciate it. If you made this far, hey, want you to thumbs up, maybe consider subscribing. It really helped me out a lot. And that is it. Also, Steve, we'll be here today. But first, check us out over at Alex. We're going to talk about do a little deep dive, but we'll get Steve in here to see what the heck is going on from the Voyager. And that's all. So thanks so much. If you like the types of videos, you're too much. It's going to pop up on your left and right. Let YouTube do its magic. And that is it for today. Thanks so much. See you on the next one.