Welcome back to another news, I missed where I go over news. I missed this week, United States President Donald Trump told media that Americans can expect a generous second stimulus check like the first round of checks. Some of this money flowing into crypto could cause a short term Bitcoin rally and with the stimulus potentially coming while Bitcoin is consolidating below resistance, it could lead to a sizeable breakout. The start of 2020 was rough or the entirety of the world. Months later, 19 happened. Jobless claims crypto market stocks was clear, the economy was in trouble and it still is, but in an effort to keep markets from plummeting further, the Federal Reserve stepped in with stimulus money checks were issued to individual taxpayers at a rate over 1200 per person. All the relief efforts were offered to small businesses and corporations and available for the free phone cash and Bitcoin crypto. For those of you who missed the news that happened a couple of months ago, when these first round of checks were released, coinbase or the people from coinbase noted that a huge amount of purchases happened on coinbase that were the exact equivalent of twelve hundred US dollars. Though it was the belief that clearly, people must have been buying Bitcoin on coinbase or many other platforms in the exact amount for 1200, because the first round of stimulus checks, we're also, 1200 coinbase, CEO Brian Armstrong, saw a dramatic increase in Bitcoin purchases yep, but just Said that the data suggests that those who weren't immediately impacted by 19 put it into Bitcoin, the money may have flowed into kryptos market rather than covering bills or essentials like groceries, always buy groceries and pay your bills.
First. Another round of stimulus checks could have a similar impact. Congress is discussing additional parameters, the next issuance of stimulus to prevent it from going into excess, keep it flowing to those who need it so um as it stands right now, there's, no real date for this. I think we saw like sometime around like autumn or like not even half joking, like I, I that was one of the timeframes that I heard anyway. This is news I missed so it's gon na, be the news that I missed. Will this have an effect on bitcoins price? Probably, will this price bump I don't know I mean it's it's more like it well, the first bump cause our prices to go up if we're getting a June, almost a genuine. What what's genuine AAA what's the word he used stimulus, generous, I was close, hey a generous check. Will it be like mm? Will it be 2500? Will all that money flow into crypto a lot of it, probably not all of it, but um yeah? This is also very major news because, as it stands right now, like I told you all like three months ago, the the world would not be back to normal as it once was by now, and therefore something would have to be done, and I guess the d Thing that has to be done is given people more money so that they can do stuff anyway, that's the stimulus, Bitcoin potential rally stock market News for the day.
This is very awkward and without further ado, let's move on where the word jeez Louise next up, large XRP holders are doubling down by adding more XRP to their bags. This comes even as the xrp price remains stuck in the crypto abyss, and recent months XRP has fared terribly when compared to Bitcoin. I I wonder which coin they like on this website. Just just wondering XRP has fared terribly when compared to Bitcoin there we go ether and other major Cap cryptos as Bitcoin. In today, tight trading range XRP has dropped, lower and lower case in point. The digital asset has corrected ours by 20, since Mae's high roughly 23 cents to trade at 18 cent at press time. Despite the dull performance, large XRP investors have stuck to their guns with a determined accumulation. According to data provided by ledger, dot exposed a website created by XR piell's lead developer wits of in large XRP. Investors have been Akeley accumulating heavily accumulating the alt coin. This information was publicized by the host of better PR now podcast Mark Phillips on Wednesday there's little Pete right there. This behavior by large investors suggests that a huge upward price movement could be brewing and these investors are preparing to take advantage of such a move by increasing their positions. I'M gon na tell you more likely what it wanted. What it probably is. This is now my my opinion. A lot of people like XRP, a lot of people like tron, a lot of people like kadhai know, people are also liking compound.
A lot of people like Bitcoin it's, expected logically that um, when a bull market crazy bull market does happen. All coins will benefit that's. How markets in MIDI the cryptocurrency market usually is so, I think, it's simply just people who are really into XRP who are buying the XRP. The same exact way that we've seen the news reports of people who were like really like hard. Ah, no have been accumulating massive amounts of card, ah, no same exact news with the the the Bitcoin bulls, whales collecting a lot same with ether, and so I think, it's just simply happening across the board. I don't think that I mean potentially, who knows what the future holds. Iii III, don't think that all these people are accumulating massive amounts trying to move the price – I think it's more so they believe in this coin, or they think this coin will get them the most amount of gains and therefore this is why they're collecting it. You know in the end we will see who makes the most amount of money, but normally a rather 2017 alee. You know XRP went up what was like two three four fourteen thousand percent like it was some ridiculous number, but at the same exact time, tons of other out coins also did the similar thing. So there's a lot of there's a lot of news floating around right. Now it's it's kind of across the board as far as like XRP not performing well well, XRP go up, and these articles usually pop up when other coins are going down in price as well grown men to writing articles about a cryptocurrency that is just numbers on A screen that they don't like it's it's, it's, just the way of the cryptocurrency space.
I think this will be around with us for a very very long time. The point is no. I I don't think it's XRP is going to do something in the near term. Unless the entire market completely goes insane, but the same exact way like you know, like a lot of times like it just won't, be in the news, and people will be like. Why are you talking about the news about this company who's gon na be doing so, and so, with this coin they don't sound like that, but maybe they do and it's like you, can't really like everyone has their own favorite coin or their own favorite thing that They'Re kind of like looking into so people believe in different coins and their accumulated coins that they believe in will do the best over the long term, like tons of people, are buying tons of chain link and arm buying any Bitcoin, because they think that chain link Is going to outperform Bitcoin tons of people are buying XRP there's XRP outperform Bitcoin in 2017. Tons of people are buying Bitcoin because they think bitcoin is gon na, be it forever it's just how the market is so. No real speculation, just kind a realization about how people in the cryptocurrency space works work how they work anyway. That'S dessert news and let's move on next up. Blockchain based traceability platform V chain will be used to power. The issuance of a limited edition run of license.
Nike Air Max one shoes announce on the 24th of June Australian, shoemaker chase she'll and retailer the kicks stand. That'S with a Zed have partnered to produce a limited run of these sneakers, which are also based on the Seas, sb dunks shoe that was launched in 2005. I have no idea what any of those words mean. The shoes will go on sale from the 20th of July July June and will be sold exclusively through chase shields website the kickstand and now it's. The upcoming release limited release of the air max one inspired shoes on the 24th of June, with a tweet emphasizing that the shoes will be traced using V chains, toolchain, sweet and Thor block chain. The Australian shoe maker first revealed that they were partnering with V chain. In November 2000, nineteen tweeting that the traceability platform would be leveraged to prove authenticity and authenticity, Wow and fight counterfeit products. Chase steal shoes are shipping with v chains tracking chip which allows customers and retailers to access detailed product information by scanning a QR code, cool um. This is like the third time I've seen V chain in the news in like three months: they're, not that often news. I know people love V chain and though people are obsessed with it, they think it's gon na be the it thing of the future and V chain popped up in the news, and I was like oh, I can talk about B chain. Cuz you know V chain is never last night we got news about V chain.
I think they were working with Walmart in China to the track like melons or something or or mangoes. I remember what it was, but that was now is v chain as well anyway. Yeah V chain has partnered with the kickstand to put tracking chips inside of Nike Air Max ones. Next up, the European Union is looking to make headway in rulemaking for digital finance. That is a very, very evil picture, starting with digital currencies, a member of the European Parliament disclosed that they are preparing to introduce a new cryptocurrency regime which will bring stricter regulatory oversight for global stable coins like Libra at the digital finance, outreach 2020 Valdis dem broski's Up in that, Europe should take the lead in making regulations for digital finance. The MOU broski's, who is the vice president of the European Commission, responsible for the euro and social dialogue? According to his statement, companies in Europe are leading the path and digital finance with the development of new technologies. Thus, now is the time for Europe to become a global standard setter by boosting its international presence. The Mubarak's key went on to emphasize that crypto currencies would be the first sector to regulate closely cuz they're a huge threat right now, especially global stable coins like Facebook's Libre security. Tokens are one other crypto that is regulated under European law. However, global stable coins are not you further emphasize that global, stable coins will possibly undermine monetary and financial stability.
There we go I like when they at least admit it. Overall, our approach will be proportionate and relate to the level of risk. That means the Leiter rules for less risky projects. Okay, okay, sure in a case of global stable coins like Libra their potential systemic role means our role will be stronger, it's a if I just kind of want Libra to launch already like. I just really want them to to launch at this point just so. We can see exactly what's gon na happen because they're already not liked – and I assume they're gon na get the complete Smackdown by the time they tried to officially launch sometime this year once again, IIIi think this also ties into the conversation we've had before about tether. I think there's a reason why tether is now across like seven different block chains. I think they know what's coming. I know what's coming those of you who aren't aware there's a reason there's such a huge amount of movements right now, amongst places when it comes to central bank, digital currencies and clamping down on on the telegrams and the kicks and the libras and the any other Coin, you kind of want to say out there it's, because it stops people from using the be the terrible currencies that we already have right now and as it stands the world and the world's economy aren't. Looking too great, especially with the falsified numbers from the stock market, so just imagine if Facebook came out and here's the here's, the entire crazy part that a lot of people don't really get like Facebook Libre isn't, just simply going to be like a a coin.
That'S gon na be released, they're, probably going to have an enormous amount of incentives for people to actually use this coin in a way that gives them or other people more of an incentive to use it. Like imagine like I had like I said before, like this was last June, it was it was a year. Imagine if Facebook releases this coin Libre in November, whenever they plan on doing it, and they make it so that if you want to buy stuff on Facebook shop, our Facebook, something like a place where you know where you can buy stuff with Libra. But you got like a 15 discount. Remember all the other companies who join Libra and I think two of them were lifting uber. Imagine if you know you paying the US dollar. Your ride is fifteen dollars and forty five cents. If you pay in Libra its eleven dollars and four cents I'd rather pay with Libra that's, not me that's that's the person taking the ride, actually saying that, but it's it's kind of how things go like it's, you have more of an incentive in the very beginning. It'S the same things I think for the do you remember, maybe not when PayPal first got started. What are they one of their first main things was, is when you sign up to our platform we'll, give you free money. Oh, that sounds great. I love free money. Let me sign up to this free platform, get my free money and you start seeing it as a payment option.
You go! Oh okay! Well I mean I already have it so I'll just start using it and that's how it kind of goes. Imagine a situation! I'M. Pretty I mean: listen they're there they're, making a worldwide currency I'm. Pretty sure this has all gone through their head before the issue is going to be. Is that when Libra does launch and if it is successful, governments are going to rampage on it? The issue is um money attracts money, so get prepared for a Google coin and Amazon coin and an Apple coin, because these we've had rumors about them multiple times from sources, so they're probably also gon na pop up as well, and then eventually we get to a Place where governments are gon na be like hey, can you can you not do that? Because we know that these companies rule the world anyway, um yeah that's, going to be very interesting, because a lot of the focus still remains on stable coins, because the idea is that Bitcoin simply isn't stable enough to be used as a currency. Even though it's the eighth largest currency in the world um, the other part being, is that by the time Bitcoin does reach stabilization and is that around half a million dollars a coin it'll be unn on you, won't be able to get rid of it. I couldn't figure out how many UNH's are not to throw in there, but I don't me and double negatives aren't, the best of friends anyway, um yeah, there's gon na be more rules on crypto, particularly around stable coins in Libra sure.
Why not have at it go for it hope, it's, amazing, that's, that news and let's move on, but that's a terrifying photo citadel 21, a Bitcoin cultural, zine, zine zine zine as published a comic with hidden clues that could lead to the leak Alito reader to a Bounty of 10 million satoshis dim Zion, a visual artist and Bitcoin enthusiast created the crypto comic, dubbed Bullet Ardea. Citadel 21 has so far published the first two episodes of the comic which stars a honey badger named bit, who has an elusive father named Satoshi. That sounds sad clues to unlock 10000000 Satoshi's worth around roughly around 900 US dollars at the time of writing will be hidden throughout the serialized story, which will be released across several months. Citadel 21 said buried in this story that will unfold in the months ahead. Our hidden 12 keys that together will unlock 10000000 Satoshi's dear reader toddler or no pointer it doesn't matter. If you follow the Badger through his deeds and capers, you may find his treasure buried in his story. At the heart of bitch journey are hidden in the 12 keys to 10000000 Satoshi's. This isn't the first time that we've seen a a crypto puzzle. Oh dropped in front of us. We had the one before there was a French artist. He made a like a he graffiti somewhere and it had Bitcoin in it and is it happened multiple times. People definitely do find this. I mean I mean it's it's, 10 million Satoshi's.
Who knows what that could be worth in about 10 years from now, not even slightly a joke, like I mean ten years ago, did you see Bitcoin being worth as much as it is right now? Probably not so, who knows? I mean 10 million satoshis might be worth 100. K, I'd be worth a million. Nobody knows, because you know that's that that's the future. Nobody can see it anyway. That'S, the Bitcoin treasure puzzle, honeybadger bit Satoshi news and and and let's move on next up really funny. Because of the last story we were just reading. Central bank digital currencies could end up being a game changer for governments around the world. He Bank for International Settlements, said in a new report in its annual economic report published yesterday, the BIS a body made above sent sixty of the world's central banks. Usually, the BIS is normally known as the central bank's central bank said that central bank digital currencies could amount to a sea of change to a sea change. Okay, that's, not English. To tackle existing shortcoming. Central banks around the world face central bank's. Digital currencies can offer a new safe trusted, okay and widely accessible digital means of payment and go much further because they're worldwide they can go around the borders. The BIS added the competition among private sector intermediaries, new standards for safety and continued innovation in payments, Commerce and Finance could all be benefits of banks. Adopting submit is's CB DC's are different from other digital currencies such as Bitcoin as they are issued and regulated by government institutions and are pegged to fiat currencies such as the US dollar or euro.
A number of countries around the world are currently working to find out whether a central bank digital currency could be beneficial for their respective economies. The no no they're all actively looking into it, because the BIS and the IMF have come forward many times and said. Oh no, like we're, definitely going to be doing this in other countries have come to them before and said. Should we do with this anywhere like no hold off and then a month and a half later, they decided to do it anyway. Of course, it says right here a rather you know, people keep saying that it's, not CB. Dc'S are not a reaction to things like Libra. Of course they are those of you who were not here. Last year there was the the IDI Wow. The discussion of a central bank. Digital currency was nowhere. Japan was the first country to announce that they were thinking of making a digital currency and the IMF said: nope sit back down. Libras news came out that they were going to be launching you know whenever they Libra had planned on launching. When that news came out, the world went insane and the discussion simply became when and how can we create these central bank digital currencies fast enough, I'm? Still eccentric bank digital currency world I'm expecting all of them to be garbage, and not I mean that is half a joke: they're still going to be pegged or still going to dead.
There is going to be digital Fiat that's, all that's, going to be there still gon na be hyperinflationary. We'Re gon na have tons of problems when we do have more stock market crashes and they simply freeze everyone's money so that there's no capital outflow – and I assume it's, still going to be very friction Daz far as sending payments around the world. I think he will not be as bad as it currently is right now, but it's always gon na have to hit multiple third parties just to make sure that the transactions are actually happening and that they're safe and that they're okay and that they're so, and so It has always remember it has nothing to do with it being safer trusted or more widely accessible for me or you it's, so that they can track all transactions that's. How money works now, because, especially during nineteen they've, been trying to have an enormous amount of power grabs, and this may be the ultimate one, but as it stands, and hopefully it continues. Decentralized. Currencies are apparently here to stay in in one of my favorite news stories. If I can ever find the words no, there we go john mcafee, the popular cryptocurrency personality has been on tabloids. Countless times were publicly endorsing and promoting digital currencies and, most recently the founder of the ghosts privacy token has just branded XRP as worthless. Although this was never the initial subject of his tweet, rather, this was among his many responses to curious cryptocurrency users who responded to a video he posted to Twitter, which he titled a cryptocurrency primer for those who know nothing about it in the two minutes, an 18 Second long clip John can be seen urging the general public to educate themselves on crypto currencies when asked what he thought of the world's.
Fourth most valued digital currency XRP was McAfee, put on a short and straightforward response. He said worthless so um. Mr. McAfee has been a relatively interesting figure within the cryptocurrency space for a while for those of you who were not here in 2017, he was a huge part of the hype train that many believe caused, or these portion of the cause as to why the market Rallied? Why? Because mr. McAfee had a thing called coin of the day or on Twitter, he would talk about a coin every day and we found out that he was being paid a the estimates were anywhere from 10 to 50000 per tweet per day. To talk about a different coin over the course of a year um and they were all garbage um, so I usually take what others say in the cryptocurrency space with a grain of salt as it is. But I thought I'd touch on this one because of how absolutely fantastic that it is, and for those of you who have who are rubbing your hands together and saying yeah XRP is garbage because McAfee said so. Let us not forget what John McAfee said. Just a couple of weeks ago, it says, bitcoin is worthless, says John McAfee. After predicting it would 1 million u.s. dollars yep that's right yeah. I know yeah yeah a lot of you. Didn'T didn't know that John McAfee has said that bitcoin is complete garbage. No one should be using it, and this is mainly because anyone anyone it's because a couple of years ago, he said that by the end of this year, 2020 Bitcoin would be over 1 million dollars per coin, and if it was not, he and he doubled down Typing McAfee double down: you can it's all over the place.
I think he'd double down and said it would be like 2 million or something like that. He said if it wasn't a million dollars per coin by the end of this year, he would eat his own giblets yep. You know exactly what I'm talking about and as it is cool I mean it's relatively clear. You know larger, you know math, you know Bitcoin, could I mean anything could happen like my my my phone could start floating. I could learn Japanese in a day these things could happen. Um you know Bitcoin could go from 9000 to around a million an amount of five months span, but it's, probably not gon na happen so um. I saw some people posting stuff stuff like this, but it was. It was really touted as this man who knows everything about the cryptocurrency market and has been around for quite a long amount of time. I said that X, RP is worthless and therefore it is no, no, no that's, not how it works. We'Ve also – and I and I love that the Internet is a thing because you can find tons of people. I think McAfee also said something in 2017 that that that Bitcoin was also worthless, and then he changed his tune. When the market started rallying back up, you can find tons of people saying in 2016 that aetherium was worthless. He theorem was going to zero e theorem was going to go anywhere by the time I hit 1400.
A lot of these people were like, Oh, a theory UM's. If here IAM sit here, it was a new coin. It happens all the time. Just kind of is what it is anyway, that's the McAfee XRP Bitcoin news, don't don't ever I mean whatever live your life, do as you do as you so choose, but just you know. You know anyway, let's move on next up in okay, I mean, if you want to news veteran crypto exchange. Bitfenix has announced an open source peer to peer data, streaming platform that will allow users to share media across a decentralized network. The code for bit Fenix's Bazaar that is Bazaar with AD meaning, I assume decentralized Bazaar protocol, has been uploaded to github, describing a decentralized network in which distributed node operators store the information shared among users in an announcement, BitFenix stated that the platform's creation was motivated by The increasing resilience or reliance excuse me reliance on centralized platforms such as search engines, social media and messaging apps to facilitate the sharing of data and media BitFenix describes the desire platform as a crypto powered protocol for monetized data streaming. The technology was developed as an extension to the Massachusetts Institute of Technology's license hyper core protocol, a distributed, app append only log characterized as comprising a lightweight blockchain crossed with BitTorrent I'm going to tell you something right now. It says buyers and sellers connect over the platform via cryptographic, identifier or a bazaar card, with sellers able to purchase streams using crypto assets or credit cards understand if you've never paid attention to why many people previously attacked Bitcoin and decentralized networks.
This is going to be a platform where you are going to is going to be decentralized, and I guess, to a larger extent, on take down a bowl. This stuff, that's gon na be posted on here, is going to be wild. Just understand that we already have other platforms where you're able to buy what you want and governments don't care for those, so just use your imagination as to what's gon na happen here I'm wondering how this is going to work. As far as hear me out, this is tied to the BitFenix name. It is going to be open, source and decentralized, meaning that you know you can't, you know, untape Donal and people are going to be able to list purchase, put what they want on this platform. As it is a streaming sharing platform I'm, assuming that that's how it's going to work when it gets wild and some of the stuff on there is wilder than expected, I assume there's going to be a clamp down. This is just my assumption. You know we've I've I've been in crypto since 2012 and if you've been here for about a year year and a half, you know exactly what I'm talking about government's already government's don't care for stable coins. Imagine the place where you can post anything. You want the you know coming back to the first point, it's still tied to the bit for next name, so I wonder how that's Confessor I was like I mean if you want to.
I think this would have been interesting if it had been done, not anonymously, but you know if there was no real name tied to it, because yeah we'll see in about a year these platforms tend to be very popular as it were. I mean we'll, see and and in the future, it's also expected that etherium will have something like this as well, that there will be decentralized market places and decentralize them what's. It called platforms where you can post similar to posting on here, however, you'll be able to post whatever you want in the ID's is we're in for a wild future. Anyway, that's the BitFenix open peer to peer streamed, Azure protocol, oh boy, and without further ado. Let'S move on and to finish things off, apparently decentralized, Wow decentraland has launched like launched, launched and it's a real twist on the idea. The central and the first meta verse to be built on a blockchain is now open for business. Ever since the Argentine based team raised 25 million in ICO and 2017 much of the blockchain community has been eager to enter the matrix yeah for those of you, who've never seen the movie ready player. One it's, like a video game world place where you can kind of do whatever you want and you can fight people and you can meet new friends and you can do all this other stuff what's interesting about decentraland is that you can like buy land.
I mean there are many platforms like this, but decentraland, I believe, was the very first one that kind of popped up and this digital land is worth money and it's worth Bitcoin and people are swapping their land back and forth, and in 2017 people were buying parcels Of land for 200 and then later selling them for 8000, because the the hype was incredibly real but apparently it's now launch launched. So I mean there wasn't really much news about this. I guess maybe it was like a in beta before I'm, not really sure, but now which is kind of there. Yeah one of the places is called the club sure why not here's kind of what it looks like it's, very fascinating. I I think I tried playing it wasn't. No, when I was looking at it, I was trying to see how much the land was going for that was. That was the thing I did and I was I was looking at people's photos and I think people made other videos of like them, walking through D, Central and it's it's fascinating. I assume that these platforms are going to be here to stay. I can't tell you if decentraland will be here forever, but you better believe these are going to be some of the most part like I'm, like if you've, never seen ready player, one just watch ready player. One it's basically going to be like that in about ten years: no, no, no yeah! This is anyone can log onto the central land for free wander around as a guest.
If you want to claim a name for your avatar, this will cost you a hundred mana around four dollars at the time of writing. I kind of want to make one that's not like it could be fun. I I wonder nothing how I make one I'm gon na try and see I'm gon na see if it's easy to make if it's, not too clunky, and it could, you know, it'd be fun anyway. Um yeah the central line, has launched kind of cool, see how it turns out. Um me thinks that's gon na. Do it for this video hope you all enjoyed my news. I missed cuz it's, usually a doozy hope you all enjoyed. Hope you all are having a great day a great morning, a great afternoon degrees, even wherever you are wherever you might be. I do hope it's, absolutely fantastic.