Hello, everybody welcome back for another video hope, you're all doing well and that you're all having a great day. I do apologize beforehand, I'm, not having a very good day um. However, there is news to cover without further ado, for those of you who do not know or did not see the video yesterday or are unaware exactly what's been happening over the last 24 hours within the cryptocurrency space. This has been everywhere. This is news that is unavoidable. I don't necessarily want to talk about this person. However, he is now officially the talk of the town because of the madness that has ensued from all of this. Craig Wright, bitcoins self declared creator says the much anticipated bonded courier has arrived according to a court filing to the US District Court of southern Florida dated the 14th of January, a third party has provided the necessary information and key slice to unlock the encrypted file, and Quote seemingly referencing the mysterious unnamed intermediary, with the private keys necessary to unlock the nine point: six billion dollar Bitcoin trove. For those of you who don't know this guy right here claims to be Satoshi Nakamoto. He has over the last couple of years, said that he is in possession of one point: 1 million Bitcoin, not dollars 1.1 million Bitcoin, and he said that in the first of January 2020. I was fourteen days ago that he would come into possession of a key cryptographic, something that would allow him to unlock these coins on the first.
He did not get that cryptographic lock whatever of coins and, as such the court case against him, which we'll get into in one second, pretty much the court declared from the lawsuit. You have to show proof – and this is kind of where we are right now and another filing Tuesday night attorneys for Eric Lyman, the brother of rights. Now, deceased business partner, Dave, Klieman wrote that write only provided a list of 16 thousand 404 addresses, but no information about the courier. So the entire point being is that the family of Dave Klieman, who has now passed away Eric Lyman who's, now passed away, was Craig Wright's partner, and this family is claiming that Craig Wright stole 1.1 million Bitcoin from the guy who was now deceased. Craig Wright came forward yesterday and said that he had received the information from the courier. The person who was supposed to give him the number code or whatever to be able to unlock the Bitcoin, but apparently all he did was provide a list of 16000 404 addresses the so called bonded courier was originally due to arrive. The first of January, though, right, did not confirm or deny whether this transpired at the time right instead requested an extension for the intermediary to unlock the encrypted tulip trust, as it has become known. On the 10th of January, US District Judge Beth Blum granted right until the 3rd of February to alert the court of the courier's arrival.
Long story – short here's, the actual filing right here. Apparently, all that happened was which I I think is the most insane part – is that this person wrote on social media or he was having a conversation with someone that he had indeed received the keys and no one saw proof of these keys and instead of producing Something that the judge could actually look at, he simply provided 16000 404 address, as I assume, in the form of a large amount of paperwork. The problem with that is that he did the exact same thing just about a year ago, where a judge, probably the same exact judge, was asking him for proof that he held these Bitcoin and he provided a list. I think of around 55 addresses and we found out very quickly that people on the internet owned those addresses and he didn't. So what happens since then, is that the people who have been and I'll say it blindly, following this person there's, there are a number of people within the cryptocurrency space who have claimed to be Satoshi Nakamoto and they have made millions just off the claim that they Are Satoshi Nakamoto? I mean nothing more than the claim there was that other guy who was officially called out by Andreas Antonopoulos about a good month ago. This guy was going around cryptocurrency conventions telling people as he was having conversations with them that he was Satoshi Nakamoto. Apparently that was enough: does him telling other people that he was causes him to have a huge following on Twitter? This had to then lead to other prominent people within the cryptocurrency space to say no, we know that he's a scammer and they points without the other scams, and I think since then he has poofed into thin air.
But there are many other people who do this part of the problem is that if you get enough of a cult following – and you say something out loud, you can move mountains and what he ended up doing once again. No one knows if he is telling the truth or if he is lying, we will probably officially know by the end of this week, as the documents are probably being scrutinized and looked over right now is that he actually moved the cryptocurrency market and more so, he Moved Bitcoin cash, Satoshi's vision by a huge amount, but those of you who also didn't pay attention. This also caused the SV to push ahead of litecoin tether and B cash. This was also major news. Why? Because the coin that no one's using a coin that we know for certain is only being used on a weather, app was able to push buy other coins that are actually being used be cash is also not being used, do not be mistaken. Light coin. On the other hand, actually has a strong following and a bit of usage, not as much as the number one coin, but it is still being used, and we know that tether or fact is being used by tens of thousands of people around the world. As they are trading, we know this for a fact. So what ends up happening to the market when the market moves, because a coin that is not being used can be pushed further into the top 10, if not the top 5, it causes a huge problem for those of you not looking at the screen.
This article says here's why Bitcoin bulls must wait for dip to eight thousand three hundred dollars for another rally. The numbers that we saw over the last 24 hours have been astronomical. I think Bitcoin has gone up by. Was it 10 15. 20 percent. Over the last three to four weeks, a lot of people have been asking why the price has been moving. A lot of people think that they know why the prices are moving and then also the situation that we had yesterday when the price is actually moved by. A lot has led a lot of people to believe that the rally, or rather that certain coins being pushed up this much is actually quite unsustainable. A lot of people are expecting there to be a dip and I'll get to that as we actually look over prices, because something really weird happened – and I assume it's going to happen again as far as a movement down in price, what they believe to happen. Or should happen for Bitcoin, they think a lot of the numbers being pushed around as people think that we are going to try and retest 8000 if not to try to hit 8300 and if we can hold and we will try to move up once again. Bitcoin has seen an astounding amount of bullish price action over the past two weeks with the leading crypto currency rallying higher from the 6800 low punt point and at the start of the month to 8800.
At the time of writing this article, representing a 30 30 percent, a 30 percent rally, I think Bitcoin last night – hit 8899 or something like that, despite this jaw, dropping surge in a short period of time, which has made Bitcoin one of the best performing assets of The year already, analysts are expecting the crypto to continue rocketing higher, in fact, a former Wall Streeter that has delved into the Bitcoin gain, as stated on Twitter, that he expects the cryptocurrency to hit 40 thousand US dollars this year. That is 350 percent higher than current prices, Spartan block a pseudonym that partner Kelvin Koh at blockchain advisory and investment fund. The Sparta group uses recently noted on Twitter that Bitcoin bares that Bitcoin bares that suggests the halving is priced end Aaron for a rude surprise. Adding that bitcoins recent move from 7000 to vaguely 9000 is just a start of something much bigger. You would not believe how swamped the Internet is right now, with articles about Craig Wright, esv, Bitcoin, XRP and ether all skyrocketing, going up, ramping up to the sky. Word levels we've gone over before many websites who have a particular bias or hate love whatever against certain coins. For those of you not looking at the screen, this is a website called news. Btc, you can kind of figure out what coin they love. They have an article that says these factors suggest X, R P could be starting its next parabolic journey.
I don't think I've ever seen any website that has BTC in its name by outwardly or push out in support of a reason why XR P could be getting ready to go parabolic when the market moved up. Yesterday I looked around for more reasons as to why the price had gone up. It was simply the entire news that someone said that they had received something no real actual proof. The fact that that person also just simply gave 16 do you understand how insane that is. Imagine someone asking you imagine you coming forward and saying I am Jeff Bezos, I own Amazon and you go. I will prove it and you give them sixteen thousand four hundred and four pieces of paper and they go it's him and people start throwing money at you, it's it's, as obscene as that. The fact that that's caused at least for the moment, the crypto market to search upwards, is also absolutely insane. The fact that, over the last two days, we've been able to more or less maintain this and the fact that a lot of people and analysts are saying that we crossed by key numbers that we needed to cross by. In order for the cryptocurrency market. To get stronger have more support is also, I need everyone to understand, just how mentally insane all of this is that's all transpired within the last 24 to 36 hours anyway, for those of you who were wondering why prices were up and what exactly is happening with The market there you go, we are getting an intense as we get closer to February, and I don't mean that, as like an actual timeframe, I mean the longer this month goes on.
The more calls that we keep getting or Bitcoin to surge higher for XRP to go higher for this to move a lot faster to this. So and so, and so I think this is going to be one of the craziest years of our entire lives. I mentioned that before we are 15 days until this year, and already all this stuff is happening but yeah without further ado. Let us move on next up sanction experts of the United Nations, an intergovernmental organization responsible for maintaining peace and security. Our warning people crazier not to go to North Korea's upcoming cryptocurrency conference. In February, reuters reported the news on wednesday, citing an upcoming annual report by the sanctions expert, which is due to be submitted to the UN Security Council later on this month, II report warns that presentations at the conference have included explicit discussions of the crypto currency for Sanctions evasion and money laundering. Well I mean what a time to be alive. Did you ever think that we'd be having these conversations like what what is happening? North Korea is due to hold at second crypto conference from the 22nd to the 29th of February. According to its website, for those of you who have no idea what I'm talking about about two years ago, there were rumors that North Korea apparently had been hacking and stealing crypto currency from other countries, and then all of a sudden, they decided to have a crypto Currency conference, like an actual conference where people went there and spoke and talked about stuff um yeah, the UN has previously said that North Korea has collected an estimated two billion with a B dollars via widespread and increasingly sophisticated cyberattacks to steal funds from crypto exchanges and From banks last week, US authorities formally charged aetherium research, scientist, Virgil, Griffith for illegally traveling to North Korea and presenting at the country's first crypto conference, despite the u.
s. Department of State denying his permission to travel to the country. If you had any plans to go to North Korea, please don't, if you plan on doing something that you think could be crazy or risky don't do it. I don't even know how to continue on from this, like it. Just is it's an insane discussion to have. This was also everywhere for those of you who missed what's, been going on a lot of countries that are currently under sanctions by the UN. The u.s., whatever you want to throw out there, have realized that with crypto currencies that they can evade sanctions, that they can trade between themselves and yeah. This seems to be exactly what's happening and don't get involved, don't think about getting involved, stay away from it. You can make money in other ways. I don't think anyone listening to this should be booking a plane ticket to go anywhere. They shouldn't be going, but it's more like a just just think before you do kind of thing. We are at a crossroads in the world right now, where countries are experimenting with crypto currencies, buying up crypto currencies, mining, crypto currencies and trying to evade sanctions, so things are gon na get stickier before they get any better yeah here's um yeah here's. The actual report from Reuters talking about it like what what is what is going on with the world right now this year has just begun like its, I was gon na, say you can't get any worse, but we all know that's a lie.
Next up the three judge bench of the Supreme Court of India reconvened today to hear the crypto v RBI case after the last hearing took place away back in August of 2019. At the previous hearing there were agreements, arguments, not agreements. They were arguments made about the Reserve Bank of India's jurisdiction behind levying a banking ban in the bench then had asked India central bank to respond to the exchanges representation. In its reply, the RBI said that the institution has the sole right to operate currency and credit system in the country. The RBI highlighted that it practiced its right to serve secure monetary stability and regulate identity is exposed to reputational risk by offering services to clients. The CEO of coin crunch stated: RBI cites the example of Libra indirectly to say that VCS, which he says are virtual currencies, are risk associated in. Hence the u.s. watchdogs went after Facebook and his plan to launch his own virtual currency. Rbi also says virtual currencies and crypto assets, our terms that can be used interchangeably. Apparently the RBI also said. According to a report, RBI says it encourages the usage of blockchain technology, but in a matter that does not undermine the faith and trust in digital payments, and quote for those of you who have no idea what we're talking about. I know I say that a lot is because there's so much news constantly hitting the crypto currency space we've had news since 2017 that the RBI, the Reserve Bank of India and, I think, also the supreme legislative, something branch of India as well – was planning to legalize Crypto currencies: it is now the 15th of January 2020 and they still not have legalized crypto currencies every single time that there is a meeting, a lawsuit, a court hearing, it always gets pushed back, it always gets pushed to the side and nothing has really been resolved.
India is expected to be one of the largest players in the cryptocurrency space. If crypto currencies can ever be legalized, they're part of the problem that we have is many governments have outwardly expressed their distaste for cryptocurrencies because they take away power from the governments, and then one can only assume. This is why it's taken three years to produce some paperwork, saying hey, that this is legal. We were told many times – I'm, not gon na even list the dates again as to when this was all supposed to happen anyway. This is the current situation within India. Once again, it's expected that if we get to a point where 1 billion people within India are allowed to deal in cryptocurrency, this will also cause the prices of the cryptocurrency market to rise a lot higher. However, I think it'll take us a very long time to get there. A lot of people have been throwing the Libre blanket over everything and saying that Libra is crypto and therefore it's doing exactly what other Kryptos will be doing, and therefore none of them should be legal. It kind of is what it is. It'S it's these loops that they throw people into when they know for if I'm, my assumption is that this will not be resolved anytime soon. I assume, if he, if you want to get something done, you do it when you don't want to get something done. You take three years, if not a lot more let's move on, and also very conflicting news MoneyGram one of the most important partners for ripple has decided to move forward and expand its operations in India.
The decision comes after signing a strategic partnership with ebooks cash. This would allow the local population to receive imported, improved imported, improved remittance services. Information was released in a press release a few hours ago by a Bix Inc. As per the press release, epics cash, a subsidiary of epics Inc, will be offering new services to millions of customers across India. This partnership will allow MoneyGram to reach a large number of individuals through epics is 320000. My gosh is a lot distribution outlets in 768 different districts across the country, in addition to it, ebooks cast customers and all locations will be able to use the money. Gram remittance platform and used their services. Moneygram allows its clients to send their receive funds across borders. In a fast and easy way, there's no actual mention it says it right here as well. The main question is whether the Indian market will receive support for ripple related solutions and eventually the XRP cryptocurrency to source the quiddity on demand. We knew about the partnership between MoneyGram since last year, maybe the year before, when they said that they were testing it. But recently the people from MoneyGram have stated outwardly that they are indeed using XRP. I think, like 10 of their entire operation is using XRP and they said that they have plans to expand further into the future. The news, then, is the speculative part is if MoneyGram is using XRP and they plan to expand the usage of XRP with their services and also, we know that the people from ripple have partnered with so they say every single bank within India.
One can only assume where all this is kind of going but yeah. This is what, like the the 13th time that we've had news this year about ripple MoneyGram something XRP partnership somewhere happening, not that there wasn't a confirmation because here's the actual thing right here, but it's more like a ripples, always kind of there, but there's. Never any real confirmation of XRP if that kind of makes any sense. If you kind of get what I'm saying anyway, let's move on to kind of finish things off. This is another edition of news that's everywhere, even when it doesn't have to be everywhere. Bitwise asset management has withdrawn its application with the Securities and Exchange Commission or the SEC for its proposed bitcoin exchange, traded fund or its ETF. The firm requested that were drawl in a filing posted with the SEC on Tuesday, while the news may disappoint those in the investment community, keen to see the first ever Bitcoin ETF in the u.s.. The news is unsurprising. That is an understatement. Since 2014, that is, 2014 people have been trying to get a Bitcoin ETF push through, and the SEC has rejected every single one of them. The proposal had already been rejected by the SEC in October, although the regulator said soon after it was reviewing the rejection. The proposal filed in conjunction with the New York Stock Exchange ARCA did not meet legal requirements to prevent market manipulation or other illicit activities. The Commission said in his recent announcement coin desk, has reached out to bitwise for more information on the reasons for the ETF withdrawal.
This news was everywhere here's, the actual reasoning or the actual withdrawal requests for the Bitcoin ETF. How do I say this in the nicest and quickest fashion? The news that we had in 2018 and 2019 was that the cryptocurrency need the cryptocurrency market needed a Bitcoin ETF. In order to be able to survive, we needed an ETF to show investors and money that we could make it that we would so, and so the cryptocurrency market I am here to tell you now – does not need a Bitcoin ETF. We move without it. We got up to even after falling because of events a couple of years ago, when Bitcoin dropped down to three thousand, we still moved up to fourteen thousand without a Bitcoin ETF. No one cares about a Bitcoin ETF, except for people who keep talking about a Bitcoin ETF. This was on every single news website. I assume we are not going to get a Bitcoin ETF for a very long time, and I assume the thing that would actually spark a Bitcoin ETF being released would actually be the cryptocurrency prices going too high. One of the main arguments that the SEC has against a Bitcoin ETF is that it does not stop them from preventing market manipulation or other illicit activities. Part of the issue is is that market manipulation and illicit activities also take place within the normal stock exchange. So how weird that you would restrict something from entering the cryptocurrency space when you know that manipulation is also happening in traditional markets iesous.
I think there are two more Bitcoin ETFs that have also applied reality check to whoever has filed these you're also going to get rejected. The sec is trying a power struggle play, but they don't realize that in a decentralized world they don't have as much power as they once did, especially when you have outwardly said that bitcoin and ether are not securities anyway, like I said this news was everywhere. I assume is going to continue to be everywhere and that's just kind of how things are let's move on, as always a very special thank you to my patreon supporters, professor Wally from gun bot, University, chongo, Lolo, songololo Nostromo, mr. pickles John stars in the animal reader. A bibliophile BIA bare bones: mining Todd, Mullis, Adam gracyk, Mohan, Maroney, master ventures in Thailand; brady neil darish, schneider wise night, owl, four to the world crypto jew, bankroll network. Adobo me Luisi crypto artist, called e3d nicholas were north one piece: one love damien, setsuna, nick Kanaya, Richie, Rich, the third of Vlad, the Impaler crypto be a shipmate pack, sis McMahon, Giovanni Anthony Charles Jim Gardner, Jamie Foxx minting coins mil test every day in caskets leg Day, yes, Krypto Bodie mcboatface, Anytime, Fitness monks, corner staff are medic. 17 bake me a cake and Tigger amakuni. So thank you very very much for your support. I'M. Sorry, I do. I can tell them my voice I'm. Not all there it's just life is ridiculous. Sometimes at the moment, for those of you not looking at the screen, here's, the the madness that I was talking about, the cryptocurrency market actually did dip.
If this is 12 hours, it had to be around 6 hours ago there was a dry bag, antek dip in price right here you see the drop, you see the drop drop and then you also see tether spiking. At that exact moment, the cryptocurrency market did have that dramatic drop that people were talking about. However, it is already back up. I think we need to see by the weekend if this is sustainable, if this keeps going where this is going to lead all of us, because a number of coins are incredibly high even without being used. Bsv is currently up by 82 on screenshots and 16000 pieces of paper. Ecash is also up by almost 21, when no one's, using it EOS, is up by 17 on nothing more than movements from the rest of the market. When was the last time you heard anything significant come out about, EOS Tron is up by 17 is up by 51. Why? What was the other really weird? One aetherium classic is up by 33 iota is up by 14 Zedd cash is up by 22 Bitcoin. Gold is up by 70 percent. A lot of these coins are going to correct and they are going to correct very, very, very, very, very hard and I think, a lot of people aren't ready for it. The issue is going to be, as I saw in the comments section. I don't know why people don't think I don't look at the comment section just because I don't react to every single thing that someone's saying you have to understand: you're, probably not the only person on the planet.
There are other people. Also writing in the comment section. So sometimes I will miss some comments, so a lot of people saying that they were thinking of selling their Bitcoin and throwing it into sv, while the market continued moving higher. The problem with that is no one can tell how long the mark is going to move higher and when it's going to crash – and I already expect by the time the market starts – to go down or crashes or prices. Can'T sustain themselves for coins that are not being used. The comments section is going to be full of fury once again, as people have lost tons of money, Bitcoin diamond is currently up by 46. I don't know how to make this any more clear. All the scams are currently up all the Bitcoin, hard, Forks and copies are currently up. Why are they up when nobody is using them, because these are pumps and dumps? They are meant for you to throw your money into the market so that you get caught up in the euphoria and then when they sell you try to sell, and then you lose your money like I said we will see how sustainable this is or what ends Up happening by the weekend, because um yeah, I hope you all enjoyed, I hope you all are having a great day a great morning great afternoon, a great evening wherever you are wherever you might be, this this year is going to be nuts.
Do you understand that and if we end up getting to a point where bitcoins price passes not even ten between twelve to fifteen thousand that's gon na spark a new rally and that's gon na cause people to completely lose their minds? If we end up hitting a forty, fifty thousand dollar Bitcoin, if we end up hitting twenty thousand let's, say four or five weeks before the halving happens, it's gon na break loose like it's, going to be really really crazy for every single one of us, because it's Gon na become a situation where do I buy? Do I not buy? Do I wait? Do I sell? Have I sold too early? I know a lot of people out there. Waiting to sell and we're gon na have major fluctuations once again back in the cryptocurrency space. Thank you all once again for watching and or listening, and I will most certainly be talking to you all soon see you you