This is according to Anthony pump Leon, o co, founder of the blockchain venture capital fund, known as Morgan Creek digital pump. First tweeted about the rumor earlier today reporting that an announcement could come as soon as this week in an effort that could mimics China's digitization of the yuan. If the US moves ahead with a digital currency pump, Lyanna believes it would contribute to the crypto movement in the u.s. in a big way. He said if they digitize the dollar, it will drive adoption of digital wallets. Once people get a digital wallet, they will ultimately move towards the soundest money. In my opinion, end quote: here's the actual tweet for it right here, rumors are circulating that the Fed is going to announce an effort digitize the US dollar. This would be similar to China's effort to digitize the. U on whether the rumor is true or not. The Fed should absolutely digitize the dollar. Apparently he was on TV talking about this as well. The rumor is a stark departure from what top regulators indicated last month in early December Federal Reserve, Chairman Jerome Powell and US Treasury secretary, Steve minuchin, has called Bitcoin and crypto currencies a threat to national security said both said. There is no need for a digital dollar. Welcome back to the news that's everywhere, but probably should not be everywhere. For some reason, this was also very popular. Whenever I've realized that pump Leon o talks, everyone seems to listen.
He is a major figure in the cryptocurrency space. It'S usually pump Leon, Oh Tom Lee and Novogratz, who are always on CNBC all the time, so they have become the faces of the cryptocurrency market. I have doubts as to if the US Fed is going to announce a digital dollar sometime this week, or even I was gon na say this month, but probably even this year. A lot of this seems very unlikely. However, no one really saw a couple of months ago. China also announcing that they were also going to be digitizing their yeah currency. So I guess anything in some sort of way is possible, especially because we had news before now that I think about it that there were talks about this as a way to kind of not circumvent the the Chinese currency but kind of like if the Chinese currency Becomes widespread because it is digital, people are able to use it on multiple different platforms and I would undermine the value or superiority of the US dollar and therefore I assume there are definitely discussions. We prop ID – and I say this loosely simply because I can't fit the time frame in my head. We will probably not see a digital US dollar until around 2023 2025 I'm waiting for that on gigantic burst to a one trillion: dollar Bitcoin market and that's. When I think everyone was trying to scramble to get everything in order, but that's their rumor floating around and as it is a rumor and it sounds believable, it is one of the top news stories for to day next up the San francisco based crypto currency exchange, Kraken has acquired Australian that crypto exchange bit trade seven year old bit.
Trade is one of the longest running crypto exchanges in Australia, there's a guy's face crackin one of the world's largest crypto exchanges is expanding into Australia by acquiring the local exchange bit trade. It trade allows users to buy trade and sell top crypto currencies, including Bitcoin, XRP and aetherium, using Australian dollars. Australia is among the fastest growing crypto markets in the world, which is really funny, because we almost never hear about Australia in the crypto news like never and the last time that we did hear about Australia. It was about how the government doesn't like crypto or like there was some type of a version to Libra or something like that as well. These San francisco, based crypto exchange, announced in an official blog that they would focus on becoming the premier crypto service in Australia. Within with the best Australian dollar liquidity, since its founding kraken has made ten acquisitions, including four in 2019, the exchange has said the acquisition deepens their overall presence in the APAC region, APA sea region and a further bolsters their industry leading over the counter trading operation, which Acquired circle trade in December of 2019 – and I guess that is the entire news crackit has made another acquisition. I think they also made one at the beginning of this year as well. I don't really remember it's it's typical news, and this is why a lot of the major cryptocurrency exchanges, I think, are going to be around for a very long time.
We typically normally don't get a lot of news about the people about the Gemini twins having acquisitions, but we do get a lot of acquisition news, especially from coin base and now a lot about from cracking as well and the more acquisitions they do. The longer they end up the stronger they become the longer they end up. Staying around I used to use Kraken um, I think it's, one of the best platforms that is not paid advertisement, it's more like if you've been looking for, like an actual good exchange in 2017, they had problems. That was a that was an entirely different situation. Things were breaking down in mass all the time on Kraken but it's a lot better. Now and apparently they have acquired an Australian crypto exchange known as bit: trade here's, the actual blog post right here, Kraken acquires Australia's longest running crypto service provider betrayed and yep let's move on next up, also in everywhere news singer Akon, that is a Kon announced on The 13th of January that the world's first crypto city, which will be called Akon City, is under way in Senegal and would feature a coin. I mean the names here, Akon city by the rapper Akon and would feature the cryptocurrency known as a coin: singer Akon tweeted! Yesterday he said – and I do quote just finalize the agreement for Akon city in Senegal, looking forward to hosting you there in the future. Last year, coin Telegraph reported early plans for the futuristic city.
The project port ends a 100 percent crypto based city with a coin. At the center of each transactional life, the metropolis would become Senegal's first Leadership in Energy and Environmental Design or LEED certified city. It is set on a 2000 acre parcel gifted by the Senegalese President reports hint at mem, buddy ins. I hope I said that correctly. A short drive from Xena Gauls new international airport as the land in question. Last week, the 45 year old entrepreneur signed a Memorandum of Understanding with SAP Co. Senegal state owned tourism department. According to an interview from November on a radio station power, 106 Akon City is a long term undertaking it's a ten year, building block so we're doing it in stages. We started construction in March 2019 and stage 2 is going to be in 2025. I'Ll give it to him why? Because when we first heard about this and when it first started making news, I was skeptical not because it's a con, but because with the new cryptocurrency space, people are very it's, very easy to say. I'Ll. Do this I'll do that? This is definitely going to work. This is going to happen, and then we hear nothing so the fact that he signed an MoU with the actual government and is also, I guess, partnered in some sort of way, with SAP Co, apparently it's going to happen. This will take a very long time. I mean it takes a while to build an entire city.
So 10 years, I guess, seems um optimistic. My only question is, or what I or see being a problem is, is, I think it says the somewhere around here as well. Eight coin, apparently, is in its will soon launch its beta platform. If we get to a situation, this is gon na with this will take place during the next three having's. I have a feeling by around 2028 of the the 10 years that Bitcoin will be so large they'll, probably still call it a con city cool but we'll probably not exclusively be using a coin only that's, just the only issue that I kind of see it at The moment, but I mean how many people have actually said that they're gon na do something and then they end up going through with it here's the actual tweet, for it right here. Just finalize the agreement with for a con city and Senegal looking forward to hosting you there in the future. Good luck! I hope it works out because we had what was the other crypto city that we had before it was like in Nevada or something like that, and we hear nothing about that anymore at all. Alrighty let's move on next up eToro a platform that enables its customers to invest in the assets they want from stocks and commodities to crypto assets, plans to launch a debit card within this year, while expanding its operations in the US, South Africa and Hong Kong.
Expanding services to customers in over 100 countries, rumors have persisted for a while that eToro was about to launch its own debit card. Now, in an interview with Globes Roy Katz CD eToro confirmed that the company is indeed planning to launch a debit card later this year. According to Kent Siri eToro co founder and CEO yoni hacia said the car will expand the financial services that we currently provide to customers from over 100 countries around the world, based on the premise that the total value of the cryptocurrency market grew 54 percent to 193 Billion in 2019, with Bitcoin accounting for 68 of it eToro expects this debit card will help further enhance its customer experience for 12 million users and his efforts to streamline operations. But this is all one gigantic paragraph someone forgot to hit enter once again cool. This is now the 18000. The cryptocurrency exchange was going to be launching their own debit credit, something type of card. I wish them the best of luck. I think we are some people out there who are using eToro. I had a couple of friends who were asking me about using eToro before not for crypto, just for, like actual like stocks and bonds and stuff like that, yeah everyone has their own credit card debit card out there. Now I think coinbase hands when I don't know. If Finance has one, I know many other exchanges also have them in some sort of way or capacity and eToro will now have one themselves as well.
Next up the US Securities and Exchange Commission or the SEC sends out a warning today from its investor education and advocacy wing, urging citizens to be wary of initial coin offerings. It says ayios here will see right, definitely OS in a 14th of January statement on its website, the SEC said be cautious if considering an investment in an ie o claims of new technology and financial products such as those associated with digital asset offerings, and claims that I zio s are vetted by trading. Platforms can be used improperly to entice investors with the false promise of high returns in a new investment space, as described below iOS may be conducted in violation of the federal securities law and lack many of the investor protections of registered and exempted security offerings. End quote similar to 2007 teens initial coin offerings boom. The ILO seen caught fire in early 2019 as an influx of projects, took advantage of various cryptocurrency exchanges to launch their tokens directly on those platforms. For those of you who do not know we're, not here in 2017, part of the reason that a lot of people think that the crypto currency market exploded in 2017 was because of the IC o craze. It was pretty much a way for people to be able to talking too fast for people to be able to create their own cryptocurrencies, and they would do it through AI cos, as opposed to IPOs, which normally happened on the stock market.
An initial public offering you usually have to go through the proper regulatory channels, so when I SEOs came out as opposed to IPOs and people realize that they could make their own whatever and build it on top of aetherium. This caused the etherium is price to skyrocket, along with many other platforms, also launching, who are also there to take they'll try to take the spotlight from aetherium as also IC o platforms. A lot of that has fallen completely to the ground, not a percent of it, because companies countries don't, like i SEOs. Why? Because you can just simply start your own IC o and build it on top of aetherium without anyone really knowing but part of the problem is, is that the I know the SEC has announced that IC owes nearly all of them to them are considered securities and Therefore, you would have to go through the SE, see the Securities and Exchange Commission. However, a lot of crypto currency exchanges started, creating something called ayios, so that's IPOs, i ciose and ayios, which is an initial exchange offering, as opposed to having to build your crypto project. Coin token, whenever you're trying to build on top of aetherium or having to go through the sec, you could simply just use an exchange like by nads to create an AI e o everyone kind of with me so far, finances launchpad hosted significant traffic in early 2019. With several projects listing ayios on the platform, h dot, i a or FET tallied six million dollars within a minute of the start of its february, two thousand twenty fifth IE o coin telegraph reported in 2019 after ranging popularity in 2017.
Ic o is faced heat from the SE c, no everywhere the entire world. Every single government realized in a matter of months, exactly what i SEOs were and that they did not collectively like them. Why? Because all the money that was happening from the IC owes went into the pockets of the people who are creating them and there were for what it was worth at that time. No taxes to be paid on anything or any money that was made from an IC o. We had a couple of i ce o 's that got caught in the in the fray. If you kind of want to say it that way as far as some of them made billions of dollars, that is billions with the be some of the made several hundred million and the sec attacked a couple of the ones that I even thought would make it. As like social media platforms, but then Facebook kind of came out and they were like we're, also gon na launch our own coin and that was kind of the the beginning of the end of the end of the end or every IC o coin. I we also had a huge thing that was um. Last year, people thought that stos, which were security token offerings, would also kind of pick up as well. But I think there were too many regulatory hurdles and had to be jumped over, and then I think this is why ie O's caught on, because you simply had to just contact finance and as finance, is a regulated something something.
And in some country people were like. Okay, this is a lot better, so the news that we're getting now is that there's probably going to be a major clamp down on ie O's, and you can probably assume that by summertime we are going to have some other variation. It'S, probably gon na be like a a PPO or wyo. Someone will think of some type of iteration of a new formation of these letters as we've had about six of them over the course of the last three years, here's the actual notice from the SEC on SEC gov. It says initial exchange offerings, ayios investor alert so get ready for the next. Whatever is gon na be the new hot thing by summer time, following directly behind this following the u.s. SE c, 's investor alert against exchange initial exchange offerings. Malaysia'S regulator has published a regulatory guide requiring token offerings in the country, be more attached to exchanges. A report from the Malaysia's security Commission, the or the SC there's. No either makes clear that digital tokens are to be used only for goods and services within strict guidelines, which will take effect late 2020 in digital tokens in the country without SC approval is legal. The platform's themselves bear responsibility for varying issuers and approving token features. The minimum a paid up capital is 5 million, malaysian ringgit or 1.2 million US dollars. Okay, operators looking to trade digital assets must be registered Akash as digital asset exchange platform operators, more commonly known as crypto changes.
Issuers must meet a minimum paid up capital of one hundred and twenty two thousand US dollars a lot of the stuff that we see is usually – and I don't know if anyone else I'm, pretty sure many other people have caught on a lot of these things would Never be illegal if people kind of just paid up front or paid after they made their money all the the government country banks. They only have issues with that people, don't, pay them or don't pay them. When they start, issuers must meet a minimum paid up. Capital of one hundred and twenty two thousand dollars why, if I'm opening up my own business, why do I have to pay you one hundred and twenty two thousand to start my business? Paying taxes is one thing, but this is why the decentralized world ignites very quick. This is why, though, a lot of them were heavily fraudulent. Why? I SEOs also took off, because people have ideas and they want to simply launch them. How restrictive is it that you need one hundred and twenty two thousand dollars to be able to launch an idea that you may have in your head anyway? Retail investors and angel investors are limited to four hundred and ninety dollars per issuer without exceeding four thousand nine hundred dollars in a 12 month period. Sophisticated investors, those with a high net worth an extensive market experience, face no restricted, llk, sophisticated investors and those who are very rich face, no restricted investment amount.
This is the exact same thing. Why do they do this? Why I get it like? I understand the whole to hold them, trying to protect thing, but it's, very divisive when you realize that the only people who can do what they want, whether it be in life or an investing, never have any restrictions. Remember when we had news about the cryptocurrency yum yum yum market within Russia, and they were talking about the laws that they were trying to thinking about implementing in 2018, and it was pretty much if you are not a reef. You are not too rich enough. I think you were restricted to think 900 dollars per year or something around that you were able to put into crypto, but if you could prove that you had over a million in net worth or some like random weird number, there were no restrictions on you at All so it's like you, allow rich people to become obscenely rich by investing whatever they want to do at any given time, there's no restrictions on them, but everyone else has always put into this box like who? Are you already poor and we don't really want you to get richer? This is the this is how I always see it. You know, as opposed to having something where you could be like. Oh here's, a test you can learn if you prove that after three months of taking this test – and you know what an ICL IPO, what a security – this is, what a commodity is, how much and how to invest, and you can prove all these things to us.
Then you're able to do exactly whatever you want. That seems a bit more realistic, as opposed to simply saying well you're a retail investor, youth yeah, you you, you get its! You understand what I'm saying it's all these things, because what? If what if' crypto does take off, what, if crypto does skyrocket and the people who are allowed to put as much as they want become hundred millionaires and the people who were able to put 490 in a 12 month period, you made 15000 that's cool, you can Buy a Honda I mean that sounds I mean you should be happy with what you have it's it's, all these little things, it's it's, the the SC report, mandates that any business dealing must somehow offer value to Malaysia, such as addressing market needs and problems or streamlining Processes and services – and I think, as coin Telegraph wrote yesterday, the SEC has nabbed a number of non compliant icos requiring thirteen million dollars in one case and now looks focused on IES, which we just went over. But there was something I read as well and I thought it would cover it inside here. I think also Malaysia banned ICL's yesterday as well. I think that's, what it was, I think they banned. I SEOs, but ayios are legal as long as the exchange does all the work while still paying the government man. Oh man, oh man, here's, the actual PDF from the sce.com called guidelines on digital assets; I'm, not gon na scroll.
Through the entire thing. I think people don't realize that planes exist or that the Internet is a thing and that business doesn't have to be done in your country III. Don'T know what it is. I don't want to rush time, but I'm always very interested to see what the future is. Gon na look like because I don't think a lot of these countries understand how the internet works, but yeah, that is the IE o news and we hate ICO news. I don't know how to really finish that one as always, a very special thank you to my patreon supporters, professor Wally from gun bot University trongo low. No, no, no trongo, low low songololo Nostromo have to separate those who they sound so similar mr. pickle's John sarsen. The animal reader, a Biblio phobia bare bones: mining Todd, Mullis, Adam gracyk, Moe, hammer, Oni master ventures in Thailand; brady neil darish, snyder wise night, owl 242 to the world Krypto Joe bankroll Network; adobo; millou, easy, crypto artist, Cole, d3d Nicolas for north one piece: one love Damien setsuna Nick Kenai Richie, which 23 of land the Impaler crypto, be a shipmate pack, sis Nick man, G olive audio, the new Charles, Jim, garner Jeremy Fox minting coins, Miller hedge test every day in caskets like day, yes, crypto, boaty, mcboatface, Anytime, Fitness monks, corner staff, Arf medic 17 bake me a cake and Tigre macho Nisa. Thank you all very, very much for your support.
For those of you not looking at the screen, be the pom piest coins have started unpacking find that in a couple of seconds, but pop pop pop pop. Even even now, there's always weird activity within the cryptocurrency space, after no usage, Bitcoin diamond, is still up by 11 percent. Al Gore is up by 54 percent um. When I woke up a couple minutes ago, a Bitcoin gold was actually still in green. I think the deflation hahaha period has started where a lot of these coins had no reason to be pumping in the first place. Our also now starting to deflate sv is now my 15. It should be down by a proper 100 percent. At this point, however, reading around Bitcoin has held relatively steady as far as price drops ago. It is only down by 0.35 reading a lot of articles talking about that Bitcoin. If Bitcoin can hold this or even move up a tiny bit, it looks like we may see one of those big jumps. You know how people always say like Bitcoin. Has this thing around here, they're saying that if Bitcoin can get near eighty eight eighty nine hundred it could do a jump above 9000, which would be a bullish indicator that we could be trying to get towards 10000, because the news that we had before was that Every single time that we had a movement up, it was immediately smacked back down. However, this movement over the last couple of days has given new hope to the fact that Bitcoin could hold steady and then continue rising over the next week or so, but yeah tether is up.
I wonder why all the other coins, many of the other coins, are in the red except for a couple of anomalies, but it kind of is what it is. I do hope that you all enjoyed what's today's date. It is Thursday for some reason my days blend together and I don't know why it's been happening for a while. Now I don't know if it's like a thing, I need to get checked out, but sometimes I think it's like a Tuesday and then it's, actually a Friday which is very exciting to you know, to be surprised with the Friday in front of your face, but um Thursday, Thursday Thursday, alright everyone I'm off to the second channel, no rest for the wicked, as they say. Thank you all once again for watching and listening. I hope you all have a great day morning afternoon and or evening wherever you are wherever you might be.