 Welcome to Digital Asset News, the top stories in cryptocurrency digital assets. And I'll bring them down to bite-sized pieces. Today, interesting stuff going on, especially after the weekend that we just had. So first up, Grayscale is kicking off a national ad campaign to bring crypto to the masses. And when I first heard about it, I was excited until I actually watched the video. Top New York regulator approves eight crypto assets for trading. Congratulations New York, you're stepping into 2020. Also, there's some concerning developments over their Coinbase. Apparently it's taking Ethereum classic almost 14 days for confirmation times. I just can't believe that's actually going on. And lastly, we'll go over question of the day and we'll go over that last, but first let's take a look at what's going on with the market. So today is August 10th, about three o'clock Texas time and looks like there's not too much really going on. I mean, look, over the weekend it was fantastic. I mean, this was a heck of a week in the last seven days, just been unbelievable as far as like the big gains. But for what goes up, will inevitably come down. Who knows how far it's going to come down, but it will. So Bitcoin is actually up 1.3%, you know, pushing around that 12,000. So that looks great. Ethereum still holding strong at 393. So that is fantastic. I thought I would retrace a little bit more, but hey, it's hovering around 400 and I can deal with that XRP. Wow. 29 cents. Tether is tether. And then Bitcoin Cash right now solely holding strong at $300 even. So pretty good. Bitcoin Cash doing pretty well 0.5% increase and chain link the number six spot is down almost 8%. But I gotta tell you, it's been one hell of a run already went up, you know, 58%. I mean, it's gone up massively over the last week, two weeks, month. So a little bit of retracement. I mean, come on, you had to have seen it. But I'll take it. Cardano down a little bit. The 14 cents still looking good. Bitcoin SV. Don't know why it's in the top 10. Litecoin doing well, especially after that little pump that we're going to go over as far as for the New York approving that for trading. So congratulations to the Litecoin holders. I don't hold any Litecoin personally. But if you do, great job. And then some other things. Tasos still up again. 12%. Unbelievable. EO Stellar. So it looks like it's pretty positive across the board. I like to see that. Iota up pretty well. Neo. Neo. I used to want a bunch of Neo. I got rid of that. Just took too much of a dip. But it looks pretty good. Anyhow, let's take a look at what's going on in today's articles. But before we do that, congratulations to CalL.Crypto. He is our winner from a couple days ago. We did a unstoppable domains giveaway where all you had to do was just comment, what was it? Tomato coin to 10K, and then put in your .Crypto. So congratulations. Unstoppable domains gave you $100 worth of Ethereum. So not too shabby for a couple seconds worth. Or excuse me, work. All right. Top story. So Grayscale kicks off national ad campaign to bring crypto to the masses. Now this, first of all, this is fantastic news just as far as mass adoption goes and to get the information out there as much as possible. Everybody gets into something for different reasons, right? You may have seen an ad for a certain car or a truck or a product. And you may have seen it like 20, 30 times, and it didn't really resonate with you. But then something just clicked. I don't know what it could be. Maybe there is some kind of new feature on a certain truck that you like. Like, I got to get that. Or maybe something comes out for some kind of system or computer system that you want, but it has this one certain thing that really sparks your interest. So whatever way that can be hit on the head as far as the masses for cryptocurrency, I'm all about. So I applaud the situation. However, I took a look at the video and it didn't really resonate with me, but it's not just about me. It's about what resonates with the most amount of people. And I'm going to leave that up to you and your decision when you watch the video. So let's see what this is all about. So first up, this is the actual video that has already aired on places like CNBC and Fox, Fox Business, and da-da-da. So let's take a look at the actual video itself. Now, before I play it, I'm just going to tell you that the music is super loud. So I'm going to try to reduce the actual volume. And one of the things I don't like about it is that maybe it's because I'm so old, but when I'm listening to it, I'm like, man, I can hear the music great, but I can't hear the guy saying too much. I mean, I can, but not really fantastic. So here's the actual video, 30 seconds. So let's take a listen. Okay, so great. So that's the whole, that's the whole, you know, video or the ad campaign. So let's see how it all works out. I just, I'm looking at it and I'm thinking myself, I understand the whole message. I understand where they're coming from. But in marketing, advertising, sales, you really have two emotions to really play on. You have hope and fear. And those are two of the big powerful motivators. That's why when you watch news, you don't see a lot of positive news stories because they all, they know that sensationalism and negativity usually sells. And I hate to say it that way, but that is just the truth of how people usually get into things. There's some part of our brain, our reptilian brain, the fight or flight, where we are magnetized by these, by these negative types of things. If it wasn't for that, you'd see a hell of a lot more great news articles, but, or you don't on the, on the news, just pretty much negative, negative. So am I saying that they should go negative and do these types of things? No, I'm not. I'm just saying that there's different angles. And maybe this is just one of the angles that they're going to try. Later on, I'm sure we're going to see more. And this is just one of their videos. Actually, another ad campaign, this was in 2019 where it was just called Drop Gold. And I'll have you take a listen to this. I thought this was really good how they did this one. Why did you invest in gold? Are you living in the past in a digital world? Gold shouldn't weigh down your portfolio. You see where things are going. Digital currencies like Bitcoin are the future. They're secure, borderless, and unlike gold, they actually have utility. Leave the pack behind. It's time to drop gold. Go digital. Go grayscale. So something like that. So I mean, again, every angle that that you can use as far as marketing is can be a potential winner. You just have to hit people from different angles so they can actually get it because not everybody's the same and everybody's looking for different things. So like I said, different angles are best. So let's get back to the actual article. So moving down, so that was everything about that. But of course, Peter Schiff's always got to get involved, some way, shape, or form. That guy, I gotta tell you, that guy's a marketer. Love and radum, that guy's always in the news. But he says, Howard Peter Schiff is not happy about the ad campaign. No kidding. Which he thinks is a duping attempt to mislead investors into buying Bitcoin again. In an earlier campaign in which grayscale advised investors against buying gold when sour, that's the one we just watched. And he said, you know, because he talks about, since gold is up 60%, and investors who dropped gold for Bitcoin are down 16% on their investments. I'm going to read that one more time. He states, since gold is up 60%, and investors who dropped gold for Bitcoin are down 16% on their investments. And he states, grayscale is about to run another ad campaign, duping investors into buying Bitcoin. Since Barry Silbert urged investors to drop gold, the price is up 60%. If you did and bought Bitcoin, not only did you miss the gains in gold, but you're down as much as 16% on Bitcoin. When I read that, I was like, man, that's a bummer. Is that really true? But no, it's not. So in retaliation, Barry Silbert said this. He said, hey, check your math, Peter. TV ad started on May 1st, 2019, when Bitcoin was $5,300. Frankly, look at Bitcoin versus gold performance over literally any timeframe. And in all cases, Bitcoin has outperformed. By the way, thanks for the continued free advertising for the grayscale family of crypto funds. Gangster. Good for him. So there's a couple of things to go over that. And that's first of all, Peter Schiff isn't dumb. He's a pretty smart guy. But, you know, you can't go around spreading falsehoods like that. You can't say, you know, this is what it is. When it's an actuality, it's not. I understand if you have an opinion and you say, you know what? I think gold is going to do better than Bitcoin. Sure, gotcha. Right? But if you just straight off lie, then it's gloves are off. And you should be called out for that as many times as possible. So I had a lot of respect for Peter. I thought he was just a great marketer. But if you're going to come out and just lie like that, I mean, I can't support that, man. So that's ridiculous. When you start to get desperate, then you start to do desperate things. So if I, again, Peter's not a dumb guy. I think he sees the writing on the wall. He knows that right now there's about $10 trillion, $9 to $10 trillion in gold. And he knows what's going to happen. Bitcoin is going to eat his lunch and all different digital assets and cryptocurrencies will. So he stands to lose a massive amount of money. And he can't, he can't go into digital assets because then he'll be a hypocrite, but the best thing for him to do, I'm telling right now, the best thing for him to do is just come out and go, you know what? I did a deep dive. I did a really in-depth analysis. And I'm going to tell you right now, Bitcoin and gold is the way to go. If he just came out and said that, no big deal. But I think he's going to go down captain of the ship. And that's when you get desperate and do desperate things. So Peter, bad form, gent, bad form. Lastly, grayscale has been on a winning streak during the June, July crypto market rally pushed by increased crypto adoption and surging crypto asset prices. Its asset valuation reached an all-time high of $5.5 billion. And if you do not know, that's a pretty good jump considering that this was the investment report. This is in Q1 2020. So you're looking at the end of March, early April, early April when it was put out. And they had a paltry $2.2 billion. So you take that and it is around, it's August right now. And they're at 5.5. So not too shabby if you're looking at three or four months of doubling your assets under management. So tip of the hat, great job, grayscale. Moving on. And this was a pretty interesting article. Top New York regulator approves eight crypto assets for trading. I thought this was interesting. So if you don't know, New York's a real pain to get anything done over there, especially with that bit license. So a lot of your favorite wallets and different exchanges sometimes don't work if you live in New York. Some have been blessed and been given the blessing from New York State or the New York State Department of Financial Services and the bit license, everything else. But it's very difficult to get. And I've talked to different people who are actually responsible for that. And they said, you know what? It's easier to get a bill passed in Congress than to get anything done through the financial services in New York. Just what they said. So what was interesting about this is that New York's top financial regulator has published its green list, which covers a number of crypto that license holders can list or custody. Crypto assets that are included are as such. Bitcoin, no surprise there. Binance, USD, that's surprising. Bitcoin cash, good job for them. Ethereum, again, not surprising. Gemini dollar. Now again, this comes down to it's not about what you know, it's who you know. And those Winklevoss twins, let me tell you, they must get into every type of meeting, every type of discussion, every type of business, because those guys are all over the place. And because of that, they were listed for a Gemini dollar. So that's usually how business works. It's not what you know, it's who you know. Litecoin, that was kind of surprising to me. And then the two big ones, Paxgold and Paxo Standard. So I did not see that coming. So Paxgold may be one of those things to actually look as far as investment. So if you didn't know, Paxgold is backed by gold. That's why right now it's around $2,000, same as gold. And then Paxo Standard is also a stablecoin and it's around $0.99 to a dollar. So congratulations for that. Those are just stablecoins. So what not great stuff. But next it talks about, as for coins that are approved for custody, the financial watchdog includes these and pretty much the same thing except for Ethereum Classic and XRP. So I found that very interesting that XRP and Ethereum Classic, I mean mostly XRP because I own it. That's why I'm so concerned to me that they did not green list it. You can custody it, you just can't trade it. So I wonder what is going on behind the scenes. Boy, I wish I was just a little fly on the wall to hear what's really going on. But who knows, maybe at some point XRP will just be listed as a currency and off we go. But this is all just hearsay and speculation. So anyhow, let's move on. Next up, this is just a really quick blurb. Danny, one of the subscribers sent this email to me. He says, hey, Dan, love your channel. And just wanted to give you some information. Bugs might like to see this response from Coinbase. We're going to get a transfer of Ethereum Classic from my wallet to Coinbase on the 7th of August, which is still pending on the 10th of August. And it confirms your take on Coinbase, me thinks. Let's find out. So what Coinbase says was, hey, Daniel, thanks for contacting Coinbase support regarding your Ethereum Classic confirmation times. Because I mean, if you're looking at 7 to 10, or August 7 to the 10th of August, a long time, you said we can confirm that an incident happened beyond our control that is causing your Ethereum Classic confirmation times to increase significantly from 14 hours to around 14 days. Wow. I never thought so that coming either. To be that slow. I mean, that's, I mean, we know banks are slow, but geez, Louise, 14 days. I don't know what's going on there, but, and it says you can check our incident page for the latest performance updates. And here's our help center for confirmation time. So I took a look at that. And as far as the status, everything's operational. Of course, Coinbase, just perfection. Just kidding. But it talks about past incidents here, August 10th, 9th, and 8th. And on the 8th, this is something that we had talked about a couple of days ago. What had happened was, buys and crypto to crypto trades of Chainlink and Algo are disabled and Coinbase.com. We are currently investigating. And then of course it was resolved that day, but they investigated that day. So if you're not aware, something potentially great happened for, if you've got to hold this, is that Chainlink was going up from, you know, $9, $10, $11, $13. And for some reason, the price got stuck. They're like $11.38 somewhere around there. And what people were doing is they were buying massively as the price of Chainlink was going to like $12, $13. They were buying Chainlink massively. And then they were chaining over to another exchange and then selling it like crazy because like, hey, look at that. I got a huge arbitrage opportunity and they took it. And when, you know, Coinbase found it out, they stopped the trading of Chainlink. So again, Coinbase is in my favorite. They've had a lot of different problems and this is just one more. But unlike the other ones where there was shutdowns when Bitcoin went up, this is totally different. This is actually a problem that was beneficial to the user. I mean, depending how you look at it. So we'll see what happens. But I got to tell you, again, if you're a multi-billion dollar company, I would think you'd get these things under control. However, nobody's perfect, right? What are you going to do? And lastly, David sends me a pretty good question. We're going to go right now for a question today. So let's jump in the office. All right, welcome back to the office. So today we got a pretty good question. This one comes to us from David and David asks, it's a pretty smart question. He says, I own a small engineering firm. What are the opportunities that you see for businesses like yours and mine to use crypto and DeFi to improve market position? So this is a pretty common question actually I get about DeFi and what to do with the interest that you get or the loans that you might want to take out. And the big thing about loans, as far as business goes, is that loans are fantastic if they are used in some way to actually make more money. So if you're using loans and it is to pay off some kind of debt for your business, I mean, there are certain situations. Sure, I might want to do something like that. If it's like the interest rate is like sky high and you got to get out of there, so sure. But usually what you want to do is you want to put the loans that or whatever money that you have from the DeFi or the money that you've made and actually put it into assets or something that can actually produce more revenue or produce more cash flow. So what I'm talking about is like a prime example is my Amazon business. So if I want to take a loan for let's say $150,000 and I want to take that and put that into product that I know is going to move very quickly, maybe it's going to sell out in like two weeks or maybe six weeks, well, let's say about four. Let's give it a month time frame. That's a pretty good return on investment. So if I take $150,000 and I actually get a loan through DeFi and the interest rate is like super low, much lower than a bank and probably a heck of a lot easier because banks suck and they want all this information and they want this paperwork and you got to jump through all these hoops and just awful. Also on top of the fact that right now is like the worst time to get a loan, depending on which bank you go to and what you're actually getting a loan for. So if I'm going to use something like that and I get $150,000 and let's say that I can sell product and I can get back, oh, I don't know, you know another $60,000 or $50,000 or whatever else it is, then this is like a prime example of why I would do that. So that's like the one main thing that I see as far as DeFi. The biggest mistake I see is the lottery winner and you've seen this out there like on like the e-Entertainment type of thing where you have this lottery person who wins like $20 million or $100 million and they're broke in like two years because they have no idea what to do with money. And it's the same thing with like professional athletes, same thing with like anybody who comes into money very quickly, they're like, I have less money, I'm just going to spend it on stupid stuff and things that I don't need or things that don't actually, you know, give me any kind of cash flow and they're broke. So if you're going to use DeFi like that, then you're going to be in a whole hell of a lot of trouble and that's bad. So for David and me, I think we get it put into something that actually produces some type of cash flow and that's the best one. All right, let's jump back. All right, so that's it. So I want to say thanks for sticking with me, really appreciate it. And also let's do some random shout outs. So if you don't know, there's a join now button underneath. It's you don't get anything special. It says like a tip, it's like a bug 99. But for everybody that's new, I'd like to give shout outs and then just random shout outs. So when I first saw this name, Romaine Maurice, I was looking quickly, I was like, is this guy's name Romaine Lettuce? Because I was reading so quick, I'm like, what a great name. Romaine Maurice, welcome. TTP 901, Lance Vanzir, Ili Karchov, I hope I said that right. And Lionel Zapien, Zapien, apology, David Griffith, Sam Keats, Sergeant Crypto. And then who else we got? Ken Newman, I remember. Chris Brummit, Tellos, Babs, who else? Dee Ropke, Jesse B, Young, Jono, and Wine Women Wages. Just a quick shout out. So for everybody, thanks for signing up. Really appreciate it. If you like these types of videos, there's gonna be two of them to pop up on your left and right. I have no control over those. YouTube controls that stuff. Just like they control the ads that you saw in the beginning and in the middle and potentially at the end. I have no control over that. So if you saw a scam, go complain to the format, which is YouTube. I have nothing to do with it. And that is it for today. So thanks again for sticking around. Appreciate it. See you on the next one.