 Great welcome to the last set of news to get top stories in crypto and bring on a bite-sized pieces today Just the thumbnail suggests I believe that there is a new Crypto space race going on and we're going to take a look at what is happening in As far as regulation as far as the United States and what's going on with Russia as I think they are trying to move along and Regulate crypto just as well. So I believe there's no coincidence So we'll take a look at that main story But first we'll take a look at the market itself and we'll take a look at the crypto space race and is regulation good I have a different take than I think most people do and that's how I see things Also take a look at an Apple Cardano metaverse play not that Cardano and Apple are pioneering up It just the metaverse play just the way that I've worded it But they're not teaming up, but there's a metaverse play and large Also, I'll take a look at another example of why crypto is staying and it's called follow the money Lastly we'll talk about two things first of all DCA live with me Ben and into the crypto verse and James from vest answers We'll be today at 3 p.m. Eastern center time. So that's in four hours or so and Also do some Q&A at the very end. So let's just jump into it Shall we and get into the market before we actually do that? I want to show you something because I get this question a lot which is Rob is crypto going away and I don't think it's going away. I mean, I think it's gonna, you know Stay stick around here for quite some time and the reason why people keep asking me about this is Some pretty main reason which is like some some high-level people who may have been into Economics or into business who have been pretty successful or our hedge fund managers or our institutions are predicting the demise of Crypto and digital assets, but I have I want to remember that experts can only tell you what was they can't tell you What will be this is a perfect example? This is Nobel Prize winning economist Paul Krugman as he lays it out in 1998 that by 2005 or so It will become clear that the internet's impact on the economy has been no greater than the fax machines And I don't think he got that right. Let me know what you think in the comment section or in the live chat But I think he was a little bit off there So remember as people come in and they say ah cryptos there are nothing illicit activity and all this stuff And it's never go anywhere. Just remember there's the same type of people out there that predicted The internet would come to nothing. So just a little reminder. Let's take a look at the market itself and today it is what is it's January 28th and beautiful Friday here in Nagua Nabo, Puerto Rico but the market tells a different story as far as beauty and Depends on how you look at it. Some people might say this is a great sale another good sale our decent sale But I just see it as things are just trucking along sideways. So Bitcoin last 24 hours up 1% Hey, if there is down 2% almost 3 Binance coin is up a little bit just across the board, but I think Because let me just scroll down here. I'll go round up 1.5% one of my new Editions that I've been trying to dial the cost average into because I think it's gonna be a pretty big play 2.7 to central land is also down. I thought I'd be up a little bit There was a little little spike with the central and the sandbox last night I just up 2.8% right now for 24 last hour and essentially on 2.3 So pretty good But so there's a little spike because of this Apple announcements and we'll get into that in a little bit But we also unfortunately since we're attached to the hip take a look at the traditional market because it's 1130 here in Guainabbo, which means the markets opened up in New York and A little bit red. So it opened up 43. Let's just take a look at the five-day. How are we looking? Yeah, same boring kind of sideways one month six month and one year Yeah, still pretty good, but not too not too great Nasdaq. Yeah, let me refresh this to make sure Yep, so I love pretty good took a tumble then off we go because everybody's worried about this one guy named Jerome So that's what's going on with the markets themselves great whatever so again. I don't Just remember that this is a long term play. I know people will always talk about get rich quick, but crypto It's a bit longer. So here's what we have for the next part which is the crypto space race and I will tell you real quick that what did this video yesterday and It actually came out pretty positive I thought people were going to would just be an avalanche of negativity as I come on just talk about how I thought that a little bit of regulation would be good and Actually a lot of people in the comment section on Twitter were pretty open to it and here's what I'm talking about So what this video yesterday because surprise? Another spot ETF was once again Rejected by a friend of the show Gary Gensler. I know he watches. I know you're watching Gary I really wish you wouldn't have denied that one and of course he said it was because they we couldn't Bring it forth because of potential manipulation and different problems to the public investors at large and Of course, I I have my own thoughts on that But I don't think any TFs anywhere around the corner and I could really care less because I've been hearing about this since 2017 and we talked about that but another thing we talked about was This little snippet that came out last night Which by an administration to regulate Bitcoin as a matter of national security now This is I have to make a distinction here This is a little bit different than the act that was just proposed The America competes act which just came about go watch Charles Hoskinson's video about that blaze it out really well And really what that does is the America competes act Will pretty much give unilateral Autonomy to the Treasury to pretty much ban or do whatever they want to with crypto so that we make sure that that does not Pass I did a video about that. I showed you how to contact your Representatives for each state whether that be your your house Representative or your senator very easy to do just tell me don't want that America competes different section to to go forward But it was interesting that this new one here this Buy an administration just came out or people that are close to it and said hey The administration wants to do a little bit of regulation and to really lock down What crypto and digital assets are which ones will be overseeing him and everything across the board and I My opinion was this I Said that little regulation goes a wrong way I think it's good We have a little regulation so that people can feel safe and get into it and then people And then the reason why I said is because America did the same thing and then in the mid 90s They came out with law 230 and said look We're going to regulate the the internet and what we want to do is if you are internet service provider Or you own a website you're not gonna get sued if somebody on your website says something ridiculous because freedom of speech And you won't be put in jail for these types of things now There was different provisions and all that stuff we talked about is yesterday So I thought I'm like great now we can get into it and move forward Because if things are securities, okay crypto those securities, that's fine. We do it all the time on Robin We're buying securities left and right. They're called stocks. So let's just do that and just move forward And that was my that was my take and one over okay, but then There's another the caveat that I thought was pretty Important to mention which I talked about web 3 and this one I actually stole this from guy coin bureau so thanks guy our team guy and It talks about how web 3 is on the way I know a lot of people out there they're like web 3 no big deal right because we had web 1 web 2 Kind of the same thing well no and then web 3 kind of said no, it's not the same thing So I just want to make this distinction and this was a pretty great article web 3 on the way Authoritarians should be worried and this is why I think us Wants to regulate and take the lead and that's why I think there's a race right now so it states authoritarian governments and companies around the world track and Surveyor individuals data is not private and it's all for profit Some states algorithmically score their citizens and propaganda and disinformation are rampant And I think that's we can appreciate that right I think that is what is going on and especially China and different countries out there So this is not new to most people and we know that our data is being stolen from this Thankfully, we're on the cusp of web 3 if the US embraces web 3 it could also offer a pivotal advantage And it's ongoing competition with authoritarian states authoritarian states especially China. Let me read that one more time Hopefully senators and congressmen are listening. I doubt it, but who knows if the US embraces web 3 Blockchain technology everything been based on the blockchain It could also offer a pivotal advantage and it's ongoing competition with authoritarian states especially China. How's that happen? Well, what is web 3? Let's go to the beginning web 1 is the original one-way web page of the 1990s I know right now if you were watching this maybe you're as old as me and you can remember what the first internet websites were they were awful and they were just junk and That's why when people ask me the question like Rob What do you think crypto is gonna be like in five years? I have no idea because five years from when the internet came about to what it is today. It's completely different So in the very early days you just had a web page and it was mostly just like It was almost like a digital flyer. You could put it up and go. This is my store. This is what I'm selling Here's my address if you want to book something or do you want to buy something come to my business And I will sell it to you, but I'm not gonna take I can't take debit or credit cards on here And I can't sign you up because I really can't get anything in there because it's the first version of the web And that's what it was that was essentially web 1 and now with web 2 It's a bit different Web 2 allow users to log in and create their own content Like we know today at the same time Google Facebook other massive tech platforms hosted free services in exchange for our data Which we're still doing today, and we still accept that we accept that Hacks are common. We accept the fact that our data gets leaked out there We accept the fact that we're going to have different economic issues Because people are stealing our identity and opening up credit cards and blah blah blah, so that's not good, but web 3 Both in the blockchain the technology makes it possible to Transact data securely and smart contracts which allow users to make agreements without relying on on Intermediaries it's what permits you to pay a vendor using crypto no bank required So that's that first part So I think it's good to just take a little context and this is what it all leads to because there's no There's no coincidences Just in the same way that America comes out and says, you know what we need to really clamp down and we're gonna get all These agencies together. We're gonna regulate crypto and we're gonna make this happen And here we go which we've been hearing for quite a long time, and I was like I don't believe think it's gonna happen But you have to be pushed just like in sports if you don't have someone to push you You'll never achieve your greatness, and that's what rush is for so This was a quick article Broken to us by block work says just in the Russian government approves roadmap for crypto regulation Rejecting banning it. Here's where it comes from Russia draws roadmap crypto will be banned We'll not be banned according to the Russian news agency RBC. I'm not from Russia. So hopefully someone can verify this I guess that's the Russian agency the roadmap was prepared with the participation of Reps from institutions such as this is in Russia the Ministry of Finance the Ministry of Economic Development the Office of the Prosecutor General the minister Ministry of Digital Development and Essential Bank of Russia and the tax office if you watched yesterday's video, you know I have laughing at this because the law makers in Parliament of Russia told them to grab some bench because Central Bank wanted to ban crypto and they said not so fast. We make laws. You don't Moving on the roadmap includes articles and how to audit virtual asset service providers how to register institutions Obligations regarding the use of crypto and how to verify the identities of Digital currency holders and I'll people like why not like that? Well, let me tell you something if you're on exchanges any exchange Well, most exchanges for any good amount of funds you have to Show some kind of ID that's just how it kind of comes down to now Moving on a lot down the line This might be why digital IDs might be such a big thing and bring everybody into the fold even people in developing countries lastly The roadmap that determines the legal status of organizations operating the crypto money sector Laundering proceeds of crime and terrorism financing while there are some mechanisms for the prevention of crimes Does not impose a ban on the use of crypto and to finish this up just because I hate those terms like the illicit Usage of crypto digital assets, which you're gonna hear a lot This is from the Wall Street Journal just a couple of days ago. Actually January 6th. Excuse me and It says this is from a report the volume of illicit activities remains a small share of the total crypto transactions volume according to Preview of chain analysis 2022 crypto crime report to be published in February So this is just about to come out and states illicit transactions. Let me blow this up so you can see this you can Tell everybody, you know Listen transactions only made up about point one five percent of crypto transaction volume in 2021 because guess what everything's on the blockchain and it's visual and it's open so As we move forward, I think This could actually lead us into what I believe is potentially a Crypto space race and again, I don't think US would have really moved if it wasn't for Russia going, you know what? Let's not ban it. Let's let's do some with it Let's make sure that we are the superpowers that control the next evolution because America did a pretty good job with the internet Worked out pretty well and also remember Five of those big companies the S&P 500. Who are they all their Facebook? Internet-based their Amazon pretty good that web, too They are Apple we just saw what's going on with them. We'll talk about in a second Netflix all internet-based streaming services make sense and Google So if we want to stay competitive For that one, I think it's a pretty good idea that we regulate things and get things out in the open So we can move forward and everybody knows what the heck is going on. Let me just think about that in the comment section Let's move on to our next piece Apple and In a sense Cardano, so this is what we got Apple stock Jumps after CEO hints at the metaverse investment I saw a big bump with Decentral and or mana and sandbox last night. I'm like, why the heck they go up There's no reason everything was down, but they were up big time and now they they still tumbled because it was just a little little fizz This was happening Apple embraces the metaverse on Thursday after Apple CEO Tim Cook talked about expansion of the company's augmented reality apps teasing metaverse ambitions the same prompt that a strong investor response that pushed Apple stocks this kind of concerns me actually because In the early days the internet Different companies will just slap on comm next to some new price they were doing and they would see their stock Price rise and now just because Tim Cook Talks about the metaverse his stock price rise it has nothing to do with anything that's cemented It's just well, you're getting into it. That's good. Well, it's invest into it now That's the idea of speculation anyhow Apple stock price jumped in after hours trading after Cook during the company's 2022 earnings call says that he sees considerable potential in the metaverse space Apple stock jumped by close to 5% And after hours trading on January 27th, and the rest of it cuts kind of boring So that's Apple they want to get into the metaverse just like Mikey just like how Facebook changed their entire name to meta Just like Microsoft just like Adidas just like and just pick your poison There's a ton of people that want to get in the metaverse. They only know what it is They know it's gonna be big So we'll see how it goes which leads me to my next point Cardano and the metaverse. There is a game which looks pretty good Cornucopia's and it's based all on Cardano blockchain and the gameplay looks good. I'm not a big gamer, but that's not my job My job is an investor to see what's gonna be big. So cornucopia's looks pretty good and I always talk about Three things the utility The team and the tokenomics the UTT the utility is just a game I think everybody things things gonna be hot, right? Let's take a look at the team real quick Rob Greg develops offer 20 years will stay a monitoring system that he sold to portals in the UK Josh the state pool state pull operator for Cardano grow your steak Jeff is a co-founding sauce company software Sold it to Norton an avarice good for that guy and Renek's co-founder they're coming to build agent analyzer All waters real estate portal in the UK. So pretty good, but that's a decent enough team But here's what I think is pretty good Businesses do well when they have a pretty good team, but they also have great marketing. This is James boat water I know James seems like a nice guy nice guy, but he's found an editor at large of crypto AM What is crypto AM? Well, first of all, it's city AM city AM or crypto AM is a subset of City AM and city AM. I'm not from here. So correct me in the comments But city AM is a free business focused newspaper Distributed in and around London and as I understand it is the largest around London, England It's Distribution is 85,000 copies a day and has a digital audience of just over 2 million unique visitors a month So if you're looking at something that I can do pretty well Just because of marketing that could do pretty well and just so you know, they're gonna have a one-time NFT flash sale for This it's not like a bubble jets NFT thing that's going on right now I linked it in the description, but I showed you the positive now. I'm gonna show you what I'm concerned about And like I said UTT utility team and tokenomics these tokenomics. I cannot Get it my head around it. It just doesn't look that great. It's on the very main page. So you can you can verify this So here's the tokenomics The private sale 9% that could be anybody, but usually insiders maybe some VCs. I don't know That's 9% public sale people like me and you great 4.3 team and advisors 24% a quarter of that So if you take a quarter of that and then private sale 9% it's a lot of junk That's a lot of a lot of people not a lot of junk a lot of people that are getting into it play to earn it 30% That sounds pretty good staking farming 15 metaverse entity for partnerships 5 5 and 3 it's just this This 24% and a 9% I'm like that's uh, that's quite a chunk So the total token supply is 3.8. I need to do a deep dive But I just wanted to show it to you I could be wrong But I I can't just you know show you something and not show you both sides of the same story So that's what we have. I'm going to think about that and let's finish up here real quick with Why our example of why I think crypto is hanging around and gonna do pretty well This is a story again from block worse crypto because that in fire blocks It clips is a 1 billion raised with 550 million series E. So if we take a look at The industry that's coming in there just follow the money Just follow the money. You can see where things are going and this is a pretty good example So fire blocks and if you don't know fire blocks, it's all about custodian custodianship And just holding crypto and digital assets for a variety of different customers And of course they are responsible for the security. So Where they go so does crypto Fire blocks is now valued in more than 8 billion dollars after the series e-round CEO michael schalov I think I know that says it's inevitable that every business will need to work with crypto or digital assets Again, see what i'm talking about as far as the web 3 and what we just said a little bit ago The firm grew this was crazy institutional clients from 150 To 800 institutional clients That's an increase of 433 percent the company plans to hire engineering and customer operation staffers with the capital That sounds good and grow the company got to put your people in place It actually can grow it and then of course we're starting to see applications that are outside of the traditional finance institutions Which we find the most exciting and we're planning to take a big chunk of the funds to allocate The round uh was co-led by it wasn't just one group. It was d1 capital spark capital general atlantic index ventures mammoth That's a good name for For uh for round uh participations mammoth capital g Ultimate or conic strategies partners can so it's just a bunch of different people that uh contribute this 550 million Fireblocks now has 45 billion dollars. Let me say that again 45 billion of custodial assets custodia custodied assets Fireblocks joined avay ark to launch a permissioned version of its decentralized finance liquidity protocol So institutional players could join and defy everybody's getting into the game And a top priority for fireblocks is years to make a big push into web 3 again See that article I talked about as far as web 3 and where things are going Its platform supports over 30 blockchains a thousand crypto with 2 trillion in digital assets transferred so that's Ladies and gentlemen is what's going on in the world of crypto in a nice easy Uh nutshell way and that's what we have so look A lot of things going on. I think it's going to be uh Rocky road moving forward, but again, I'll be here for the next 20 years talking to you every day. That's what's going on. All right, so let's go into uh, two things First of all, we'll do a little q&a And then as a reminder dca live is going to be in the next Four hours or so me ben and the cryptiverse and james from vest answers. That's what we have So here's your questions for what's going on Hi, john. How you doing? Let's see Hello, how you doing? All right This is fun Frank says monetize all games and turn kids into world of warcraft's chinese gold farmers Hey, man, I think uh play earns going to be pretty big if you got a if you got a a subset of people who are Gamers and they're doing this for free and if you can say hey, we'd like to uh pay to play I think it's a pretty good way that they'll do things Yeah And then this is a great point. Here's my first question. I'm gonna turn it into a question swift tropics. He goes Gamer bros hate nfts even though they own the most jpegs already and it's true I actually couldn't their ubisoft came out and said they were gonna allow people for nfts in their games Which means that they could take the skins anywhere they wanted to supposedly I thought I was gonna go over big but it went over like a lead balloon and everybody hated ubisoft And I didn't understand like don't they understand what nfts are only understand what it's gonna be Gamers hate nfts right now Because they see it as a way for these legacy gaming companies like a ubisoft or whatever else is out there Uh as just another way It was like a cash grab because when they go into these games even free to play You know, which game was the fastest to make? Uh a billion dollars fortnight Fortnite in a year's time was a free to play game It was the fastest to make a billion dollars how they do it It's because every different image you want to get on there if you want to upgrade your guns upgrade your skins upgrade your Weapons upgrade whatever whatever is in there. It takes a lot of money And if you want to be competitive in the game, that's where they get you So when the gamers say this is like oh another nft. That means I got to buy more stuff So I can be competitive and not get wiped out in this game. I don't want I'm out of here That's the thing. So I think that these legacy games Game producers they have an uphill battle to convince their people nfts are good. That's why I see like Just start from scratch Sandbox the central and cornucopia is those type of things Gensukishi like I was talking about yesterday. Those are gonna be pretty big just because there's no baggage that comes with it. All right That's a yeah Yeah, Trump is not a fan of crypto, but his wife is yeah I heard maloney trump sold a bunch of things as of nft. It's good for her Suspicious though. It is suspicious. I could be wrong, but uh, I'm like, you know But I do like the game the game looks cool And I like of course the platform is built on cardona looks pretty good Some people love it. Some people don't like it whatever And that's it. Okay. I think we're out of the questions because Yeah, all right. No good questions. I must know my job great today because there's no questions. That's fantastic All right, so that's it for today. So look I'll put out the link for dc live later. That's it for today. So thanks so much for watching. I appreciate it If you like this video, uh, give it a thumbs up. It's always helps also consider subscribing My things talk about our time sensitive. That's it for today. So thanks so much for watching. I appreciate it See you on the next one. Bye