 Welcome to the General Asset News to get top stories in crypto and break them out of bite-sized pieces today You've got some interesting stories about a little bit of a delay as far as Ethereum goes Ethereum London hard fork Which includes that EIP 1559 looks like it's gonna get pushed back to August How far I will talk about that in a bit and then we'll take a look at also some banks like Barclays Which are not allowing people to use their hard-earned money that they have Accumulated to pay for crypto and this is very strange that we have banks like Barclays who just don't get it and are trying to protect Ourselves from ourselves, which is very odd and then you got banks like BNY Mellon State Street Bank with you know, they're trillions of assets under management and 650 other banks and credit unions who are dying to get into the Crypto game. So what separates them? We'll talk about that. And then the real question is is do we even need banks with a new little? Apparatus called ledger which can do crypto swaps right from your ledger device We're gonna do what we're gonna do one live on this video today And finally we'll finish up and talk about the tomato coin airdrop for all the D news stake pools And just so you know tomato coin has no value whatsoever So we'll take a look at that at first take a look. Let's go on the market So today it is July 6th. It's about 10 a.m. In the morning and Market caps a little bit of recovery again a little bit choppy a little bit sideways I don't expect many things to really do well and like go up, you know, 50 60% or something crazy like that You're gonna see little pockets of things But I see this is gonna just move sideways for a while until August when we can totally blast off now that EIP 1559 goes from July which what we were thinking about Middle July 3rd of July to August that Coincides with the same things happen with Cardano when their smart contracts start to are set to Explode and actually become live and then with Bitcoin You know, who knows let's see how it all works out But Bitcoin today 24 hours not a big thing 3% for a theorem. I thought a theorem would probably go up I think it's gonna go up just because of this this new hard fork So we'll see finance coin 5% to wow 15% for Uniswap looking pretty good 8% for chain link. That's pretty nice point one percent and you can you can just kind of see that a lot of things They're just just petering on the edge pancake swap 10% so there's gonna be little bits and pieces there So if you're a big trader, you know, maybe this is a great opportunity for you Let's take a look at the projector range here. Let me load this up so you can see what I see If you're a big trader, I'm not look at tell our GNY linear Uma and sushi Looks for the projected range between point seven five and six Negative three to nine percent four to ten percent in on down the line This one looks pretty good negative point six to five point nine three. What's this one? UMA. I would take a look at that now financial vice. This is trade the chain You can check it out on links below and that is it. Let's uh, let's jump into today's top story which is EIP 1559 a little bit of a delay so what happened here. This was just released yesterday One another radar now I'm following up with this one. So Anthony Cessano founder of e-thub in a tweet says look the main net date block number for EIP 59 at London hard fork is expected to be discussed and Possibly announced at this week's ethereum core developers meeting which is on July 9th So we still got three more days to go However as people as people look out for the long expected hard fork with 1559 upgrade for ETH at the end of the week there is every possibility that it could be postponed and You know, some people will look at this like that's just awful That's just negative and some people look alike and just say well just get it right and that's all we really care about To me personally I think it's best to err on the side of caution and if you have something that doesn't look right looks a little bit odd Delay it and then push it out when it's correct Nobody wants to lose any crypto for whatever they're doing and then he goes on a state hoping for an August 4th date myself But it could be pushed out a week or two From that date depending on various factors doesn't really talk about the factors But says hey we can look at the second or third week of August maybe even September Who knows in the earlier report it say that EIP 1559 implementation will Considerably reduce the problem of high gas fees for ETH investors And this is certainly a welcome move for all ETH people or all the ETH investors myself included But miners have largely opposed it and this is one of those things where we look at this and we say Is this going to be a really great thing? Some people say it's gonna drastically reduce the fees some people say no It's not really reduce the fees It's all about you know kind of shuffling these fees around and giving tips to the miners Which I'm sure miners are probably not too happy about just getting tips when they were yeah, let's be honest getting paid pretty fat and That's all I can just say so again. I Don't really see this as a as a huge negative I think it's gonna might affect the price because people hate delays But again, we'll see how it all works out. Anyhow, let me know what you think in the comments section Let's move on to our next piece, which is Barclays and what the heck is going on with crypto? I don't understand this because if I'm a bank and I'm seeing my customers I can see where the funds of flows of money goes to and they're going to a bunch of exchanges I know those exchanges are making getting paid fat Coinbase and They're getting paid pretty well and fees. I want those fees as a business. I'm losing out on that So when I see stuff like this from brothers, I'm like what the heck is going on and we've seen other different banks Also do this, but this was new. This was actually yesterday and People have gotten messages like this all and you can see it all across Twitter and all state as you've made a payment to Binance this year. We want to let you know that we're stopping payments made by credit debit cards to them Intel further noticed. This is to help keep your money safe In our banks so and then it goes on for something else and blah blah so to me I'm just thinking myself. I know that Binance has had some regulatory issues Especially in the UK and we have covered this it wasn't like they were shut down totally in the UK It's just that their financial products like futures were not allowed over there And then they're figuring other things out and there's other things other things happening in like a Japan and other parts of the world There's an investigation here and there, but fuck It's what are you gonna do? So do I think that Binance will totally be shut down altogether? No, probably not But I just don't like how Barclays like we're trying to protect you. Don't you worry about whatever So it's it's a weird thing to where Barclays is saying stuff like this and you got like again like a BNY Mellon which trillions of assets under management I think it's the second oldest bank in America and this was back in February 11th and they were going to offer Bitcoin services Let's see. Oh nation's oldest bank. Excuse me It'll eventually allow digital currencies to pass the same financial network It currently uses for traditional holdings like treasury bonds and equities and look it's all about money They want your business and they're gonna get it State Street Bank again multiple trillions 40 trillions and assets But I think they have like two trillion assets under management so be careful with what they say there and It's expanding its digital reach to include crypto token is oh wow currency blockchain and tokenization And we'll upgrade is existing global link platform Into a multi-asset digital trading system So another one that really wants to get into play and then this one just came out about a week ago or so six billion ncr which is like a payments processing type of Financial service opens Bitcoin purchases to 650 banks and credit unions and they were like we are all on board We need this to happen We would like to share in these profits if you'll let us and these are the banks that are gonna make it these other ones like Barclays I'm sorry to say I Don't really think They have your best interests at heart. I could be wrong. I'm just a cynic but let me know what you think in the comments section and this kind of leads me to my next piece which is Ledger swap. What is this? Well, I was contacted by Ledger and I want to say thank you Ledger For promoting this video and being one of us. This is a paid promotion paid promotion This is a paid promotion video on this part Just so you know also there should have been something that popped up that said it's a paid promotion I rarely do these but they said hey, what do you want to talk about this? And I was like why not and you're gonna pay me sure. I'll do it. So This is what it is what I'm gonna do You just need an analyzer you can get one in the link in the description There's even a discount of using my code and how this works. You don't need a bank anymore You can just start swapping you can start buying crypto with fiat and you can start swapping in your Nano ledger either an X or an S right from the device itself right from Ledger live So let me let me pull this up. But but but but but but but by there we go Okay, so let me first type in my super secret password one two three four five same combination as my luggage and Okay, so here's what ledger live looks like okay This is the actual interface on your computer that you download. This is your cold storage wallet device and And real quick before I move on if you have no idea what I'm talking about how to use these things and it looks very difficult It's really not and I'm just gonna direct you to this handy dandy website called Dan teaches crypto I think it spins above my head all the time. It's a hundred percent free You can go there and sign up and you just need your email. That's all I don't even spam you I just send you email when I do new videos that are into the members area So you go there and then this is the members home And if you're looking for like like me personally like if I'm looking for like which module is the ledger stuff into like Here's a table of contents right down here, and I just do a command f ledger. Okay safety module case I'm gonna safety module and This is what's a crypto wallet and I go through the hot colds warms and Then what's a public private key how to set up your nano ledger said I'm setting up your ledger live app Which we're doing right now Transferring crypto assets from exchanges to wallets very simple and how to delete and restore an analyzer because look your crypto is not stored here It's in the private keys. It's in the blockchain And yeah, that'll make a lot more sense when you watch that video and then transferring blah blah blah blah Okay, so that's all for you hundred percent free check that out. All right, so back to ledger Let's see here. So what we got so the left-hand side portfolio accounts and receive very sent very good to know Buy and sell I'm gonna go over this real quick. So buy and sell I'm in America and I got one option which is wire so you can it's only bank accounts USD support only 20 plus crypto supported Which I think bitcoins one of them I'm not for sure ACH transfer which is a automated clearing house for your bank so you can actually do that again and again But you can't use credit and debit cards. So it's going to be a wire. It sounds like well. No, sorry Excuse me a CH which is much easier than coinify if you're outside United States. It's like everywhere else Which usually that's what America does. So you click on this here. You click continue Yeah, choose a crypto asset. All right. This is what I got. I Have Bitcoin and Ethereum on my on my ledger I've got but I've got like three or four ledgers with different things on it That's another another tip trick and tip. Don't keep everything in one place even kind of scattered around a little bit Don't keep them all in one exchange. That's a bad idea. You never know. Now. Let's see open up the Bitcoin app prove Jeez, please All these different buttons. I got a push and then it's gonna have you create your account first name last name email full Social just so you know KYC ML beta birth and after this it's gonna ask you for your wire instructions Or your bank account information and then you can start to buy crypto on this right here So that is just one way to do things but for me I don't really gonna not gonna do it. No, I'm just gonna be honest with you But this one right here the swap feature looks pretty cool So again, if you're in America, you can only use para swap change Lee is like everything else, you know That's bad is what it is. So I'm gonna click on para swap What is swap Continue Now what's pretty cool is Like it's going to be able to search out 30 plus different dexes Hopefully find you the best price. I don't know what to tell you and then of course up here It's gonna ask you what kind of since I've only got Ethereum because this only does dexes which is all Ethereum anyhow For right now then we're gonna be able to say, okay, if I got an ETH, what do you want to receive? And then when you click on this Here's all the different tokens you can get which is a boat load. Let's be honest. Yeah, jeez Prime and crisp. Let me look for something Like I like Celsius I want to like about this because like on some of those those dexes you put in like a Celsius and and always like warn You like well, this could be a fake Celsius So you're like, I don't know so he's my ledger They've already, you know vetted out the process So if I click on swap I can swap for Celsius I don't know. Let me see you to swap v2 v3 balancer. Okay. All right Let me put in 0.25 ETH how many sell I get sure whatever. Let's swap Da da da da max slippage rate Wow Let's try 0.5% and get this going so slippage price differences everything else 3% seems kind of ridiculous current price Price impact point seven to confirm order. Holy smokes Yeah, so here's another problem you can pay these fees 30 bucks get the heck out of here 45 and 55 and custom no way Anyhow That's what it is. If you want want to pay those fees go right ahead I'm not into that maybe for you outside the United States when we take a look at Swapping you might do change Lee and you know trains Bitcoin everything else. I'm not doing that. You're out of your mind So anyhow, hope you enjoyed that tutorial. That's what's going on in that little world and let's finish up real quick With Everybody's favorite the tomato coin. So just real quick. Just so you know everybody who is a In the D news steak pool for Cordano, which I did a video yesterday 71% of all Cordano is already staked if you're not staking your Cordano. Why not? It's super simple I showed it to you in two minutes in the video yesterday Everybody who is staking with with us is going to receive tomato coin. What's tomato coin? It's a meme coin It's a joke. It's just for fun. It's like one of those things I've been saying for like service and I started this channel I talked about tomato coin and it made no sense and it still doesn't make any sense But the guys that helped me with the pool said you should do a tomato coin like sure whatever So it's it's been minted on the Cordano blockchain and I'm going to be air-dropping it to random people throughout this entire 2021 and hopefully everybody will get a little bit of of tomato coin. We got a lot of different delegators So it'll just be random and that's what's going on. What can you do with tomato coin? absolutely nothing what value does it have zip and should you use it as a Currency if you can get away with it I don't know maybe if you go to like Olive Garden or Papa John's maybe they'd accept I have no idea But it's just for fun for fun Z's not a big deal, but it will be there So, you know who knows once we get smart contracts. I might even put on a dex I have no idea, but I want to stress this just for fun Just say thank you my little graphic representation and font which leads me on my last point If you're a graphic artist or you're a good artist or a painter or whatever else and you have an idea of what you think The tomato coin should look like Send it to me. You can DM me right there at at news asset in Twitter Send me that or you can find my email which is in the description of every one of my videos and that is it for today So first of all Thanks for sticking with me. I appreciate it. If you like this types of videos go ahead and consider subscribing Everything we talk about is time sensitive and that would help also give it a like Give it a subscribe and we'll go from there. So thanks so much for watching. I appreciate it and we'll see you on the next one