(Monday) Bitcoin and Ethereum Update! With Cryptonews
Description
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analy...
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analysis to give you full coverage of the crypto space. Find out the latest developments in DeFi and yield farming. 0:00 Introduction 04:30 - 2145 Market recap 10:02 - Altcoins moving back up 12:03 Bitcoin moving up, trending on Google searches. 17:50 The wealthy are jumping into Bitcoins 23:34 Apple Pay user can now buy Crypto 24:19 India overtakes China on P2P Bitcoin Trading Volume 25:36 Oyster Pearl founder arrested 26:11 Microstrategy downgrade, analysts reckon smallcap crypto-centric bank 27:02 China DCEP trial 29:44 Hacken launched new cybersecurity product: WIRA 31:50 ETH growing strong 32:24 DuckDAO incubator: $DDIM- community token & $DUCK- liquidity pool program 34:50 Ethereum 2.0 node update: Getting passive income 38:12 Box tech: Cyberpunk settings https://podcasts.apple.com/podcast/boxcast/id1490037766?l=en Spotify: https://open.spotify.com/show/5iHcN9jfQwpKTbT37tS0zQ ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 🍖Buy & Sell Crypto: https://join.swissborg.com/r/michaeOQZM 🔎Crypto Prices: https://www.coingecko.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Binance Exchange : http://boxmining.co/binance ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://www.boxmining.com/ Discord: https://discord.gg/T3TrTRa Telegram Discussion Group: Currently private Telegram Announcements: https://t.me/boxminingChannel Facebook Community: https://www.facebook.com/groups/CryptoSpartans/ ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
AI Analysis
This video provides a comprehensive update on the cryptocurrency market, highlighting Bitcoin and Ethereum's impressive recovery and various developments across the blockchain space. It emphasizes the growing institutional interest and the increasing utility of cryptocurrencies beyond speculative trading, while also offering personal insights into navigating the market and delving into new tech.
Here's a breakdown of the key topics and insights:
* Market Recovery and Strength:
* The crypto market is experiencing a significant "V-shaped recovery," with Ethereum approaching $600 and Bitcoin surpassing $19,000, consistently holding above $16,000.
* This consistent upward movement, even without massive retail chatter, suggests a market dominated by "strong hands" (long-term holders).
* Fears of a large Bitcoin sell-off from the old Mt. Gox exchange have largely dissipated, partly because a payout is unlikely to happen soon and institutions are actively buying up available supply, alleviating supply pressure.
* Bitcoin is currently making its sixth attempt to break the critical $20,000 resistance level. Hitting this mark would be a huge symbolic victory, ushering Bitcoin into a new phase of price discovery. The holiday season (Thanksgiving, Christmas) could fuel this breakthrough as more retail interest often follows.
* Google Trends show a peak in Bitcoin interest in the US around November, influenced by the Thanksgiving holiday, and similar patterns globally with Nigeria showing particularly high interest.
* Altcoins are also seeing strong recovery, with many moving up in double digits, driven by speculative interest that is typical of crypto market cycles.
* The Changing Landscape of Adoption:
* A significant trend is the increasing adoption by wealthy individuals and institutions, as the stigma around crypto fades. This is a stark contrast to previous years when mainstream opinion often dismissed Bitcoin as "going to zero."
* There's strong criticism for perpetual Bitcoin "villains" like Nouriel Roubini and Peter Schiff, who have consistently been wrong for a decade but continue to be featured in media for their contrarian views, seemingly building careers out of trashing Bitcoin.
* An interesting development is the Lumi app allowing Apple Pay users to buy crypto, potentially opening up crypto purchases to 338 million people. However, concerns remain about Apple's historically tight control over payment services and their "Apple tax."
* India has now surpassed China in peer-to-peer (P2P) Bitcoin trading volume, indicating strong organic demand due to difficulties in accessing centralized exchanges in those regions.
* The founder of Oyster Pearl, an ICO project, was arrested for scamming investors and evading taxes, serving as a reminder to "don't be a dick" in the crypto space.
* Microstrategy, a company holding nearly $1 billion in crypto, faced a downgrade from analysts, highlighting the lingering stigma in traditional finance. However, it's argued that given Bitcoin's performance, not having exposure to crypto is "irresponsible."
* Central Bank Digital Currencies (CBDCs) and Blockchain Utility:
* China is aggressively pushing its centralized digital currency, DCEP (digital renminbi), with major retailers like JD (China's Amazon) already accepting it.
* The primary motivation behind DCEP is China's desire for dominance in digital currencies and to be immune to potential sanctions, particularly in the context of trade wars, fearing exclusion from systems like SWIFT.
* While DCEP takes inspiration from blockchain, Chinese authorities are wary of potential gateways between DCEP and other cryptocurrencies, actively censoring discussions about them.
* Ethereum continues to grow strong, with the number of non-zero Ethereum addresses reaching 50 million, a clear sign of increasing adoption and usage of the platform itself, which is a healthier growth driver than the ICO boom of 2017.
* New Opportunities and Personal Ventures:
* The presenter has been actively exploring DeFi (Decentralized Finance) opportunities, finding niche "farms" that yield 40% APY, generating passive income.
* Hacken, a cybersecurity firm where the presenter is an advisor, launched a new product called WIRA, an automated security scanner for web vulnerabilities. This is crucial for the crypto world, where self-custodied assets mean "no refunds" if stolen.
* The presenter is involved with the DuckDAO incubator, which has two tokens: $DDIM (DuckDao Dime) for community access (which has seen a significant price surge) and $DUCK for a new liquidity pool program to support incubated projects. DuckDAO has a strong track record of incubating successful projects.
* An Ethereum 2.0 staking node set up by the presenter is live and earning approximately 0.0137 ETH ($8) per day in passive income from its 32 ETH deposit. Using "Allnodes" ensures the node remains online 24/7 to avoid missing votes, which can lead to penalties. The presenter encourages self-custodied staking using the official launchpad rather than exchanges.
* Personal Tech Insights:
* The presenter recently acquired the new MacBook Air with the M1 chip and plans a crypto-centric review, praising its fanless design as a "next frontier" for laptops.
* He also purchased a cheap, 6-GPU mining rig from Taobao for about $280 (including motherboard, RAM, SSD, 1650W PSU) and will create a video comparing mining profitability to staking.
* His experience playing Cyberpunk 2077 on a high-end PC (Nvidia 3070, AMD 3900K) was frustrating, as the game was unoptimized, requiring lowered settings and still experiencing lag spikes. He advises waiting a few months for patches and community-tuned settings.
Transcript
that we are live. Yep, it's a streaming excellent condition and yet we do not have live. Do you guys see the stream? Do you guys see... Okay, we're good guys, we're good. Alright, seems like we're good and going live. Guys, we just hit the live button just now. We're waiting for everything to go live. It is always a pain in the ass to get YouTube working in the morning. But anyways guys, welcome back to another episode of Box Mining live stream here only on Box Mining. So guys, we have quite an...
that we are live. Yep, it's a streaming excellent condition and yet we do not have live. Do you guys see the stream? Do you guys see... Okay, we're good guys, we're good. Alright, seems like we're good and going live. Guys, we just hit the live button just now. We're waiting for everything to go live. It is always a pain in the ass to get YouTube working in the morning. But anyways guys, welcome back to another episode of Box Mining live stream here only on Box Mining. So guys, we have quite an interesting weekend this week. We're going to do an update on everything that's happening in crypto. Crypto is coming back on, so crypto is not dead yet again. I think every morning I'm just wondering what people are freaking out about. And yeah, crypto is not dead still. We're moving back up. We'll talk a little bit about the market scene and what my take on it for this week is. We'll talk a little bit also about the recent news updates. I've actually prepared quite a lot of news updates. You can look at the number of tabs up here. A lot of... It's just a lot of like very random news. Like if I need to give you an overview, like I've done my homework. I was like, if I need to give you an overview, it's like a lot of random news happening this week, but it all amounts to something. So we'll give you guys a very quick, brief highlight of everything going on. I've also started more farming recently. So yeah, I've been finding more and more of these niche farms that are generating 40% APY. So like 40% back of my money, which is great, which is great. So I'm going back into farming a little bit, getting a little bit of that passive income so I can just recklessly spend it and buy stuff. Like recently, I just... This finally arrived. Like finally. So this is the new MacBook Air with the new M1 chip. I was waiting for ages for it. But yeah, that's finally it. It's great, actually. So now I have two. So I have like this one, this bigger one. It's like... I kind of have the both ends of the spectrum now. I have the bigger one, which is like the massive tank that's like meant to do everything. And this is like kind of the one you take out with you to do live streams. Yeah, and I tested it out. It can actually do live streams. Anyways, full review on this coming up in a crypto review. Like can you use all those like ledgers, treasures, and metamask and everything. Full review on that coming up on this channel. So stay tuned. Make sure you're subscribed. Lots of random stuff. Also, I showed you something really random this weekend. So I got this. All right. So going back into my mining roots. This can fit six GPUs inside. So this is a case. It fits six GPUs inside. It's got like 1,650 watts of power. And it just sounds like a jet engine. Like literally turn this on. You're like, wow. But anyways, I'll tell you guys more about mining. Going back to roots. Can you even make a profit mining these days? Anyways, I went through like a new video is coming out. I prepared that over the weekend. It was really fun to do. Well, mostly because I was interested. You know, mining versus staking. All right. Mining versus staking. Which one's more profitable? Which one should you like spend energy on? Like, should you buy any of this? And just in two key, I'm not promoting this in any way. But like, I found this on Taobao. All right. Which is literally AliExpress. And usually things on AliExpress explode. So I'll tell you if it's actually safe to power one of these on. Because it uses like a... This thing is ridiculously cheap. Like, the case itself is roughly around $280. Including motherboard, RAM, SSD. Plus the power supply. The 1650 watt power supply. Like, all this in this box. Literally box mining was like 300 bucks. It was a great steal. But yeah, when I turned it on, I was like, fingers crossed. You know, I did this work. Anyways, upcoming lots of cool videos. And it's heavy as hell. But anyways, lots of cool videos coming up this week. So I'm pretty excited. Make sure you're subscribed. Make sure you hit that notification bell. Really does help with the channel. By the way, guys. Thank you all for watching. Coming in today. But you can obviously, I'm super excited for a lot of cool stuff coming up. But yeah, so that's coming up this week. Also, yeah, hit the likes. Likes really matter on YouTube. So yeah, guys. That's pretty much it. We're going to do the highlights and everything. And we'll talk about all that cool stuff. All that jazz today. So yeah, stay tuned. Let's go for the intro. All right. So let's go straight into the market recap of what is going on this week. We have a V-shaped recovery. V-shaped. Like, little V-shaped. So we're moving up. Ethereum is moving up to almost 600 yet again. So we're attacking. We're moving. We're moving up forces to start attacking that resistance that we saw previously at 640. So we're kind of moving back after that recovery of last week. Same thing goes with Bitcoin. So Bitcoin passed 19K yet again. So the good news here, right? The good news for all of this is that Bitcoin, you know, when we said it was above 16K, Bitcoin was only above 16K for seven days prior to this run, right? But now we're just consistently above 16. We're moving up to 19. We're holding 19. This is actually really good, actually. If you look at the market, like, the market isn't even exploding in terms of retail talk, right? But we're just moving up. Like, this is actually a sign that there's a lot more very strong hands hodlers in the space. And we've seen, you know, continuously that the news of this is happening. Now, last week, of course, we did have a dip in that narrative. It's kind of interesting. There was, I'll review this off. A few journalists were asking me about what I thought about the recent dip and the recovery for Bitcoin. You know, they were looking for news points. And this is something very kind of symbolic of mainstream media, right? They want a narrative. They want a story to tell to their audience. So obviously, last week's narrative was clearly on the Mt. Gox coins. So this potential sell-off by coins held previously by the default exchange Mt. Gox. You guys probably know that because I'm a victim of that exchange. Basically, I left cryptocurrencies on that exchange in 2014. The exchanges went bust. And yeah, six years later, we're still waiting for some of our funds to return. Now, obviously, because the amount of funds is very large, it's around $2 billion plus worth of Bitcoin. If that gets distributed back to the original, the creditors, the users of the exchange, there's a fear of a sell-off, right? So that was last week. But most of that fear has been alleviated now because of two reasons. Reason number one was because I don't really think we're going to get any money back. Honestly, with Mt. Gox, I've waited roughly like six years to get my money back. I don't think I'm going to still get that money back anytime this year, considering how long they started, right? Just knowing these, you know, the Japanese authorities who are dealing with this, they take their time. And then the other reason why is that we've been seeing continuous buy orders from institutions, essentially buying out Bitcoin, buying up the supply, eating it up. Yeah, it's like the FOMO is coming and arriving back into the scene again. So yes, we definitely see that FOMO coming back. I'll load up the charts for you guys a sec. But yet again, we're approaching what we previously saw as, we're almost here. We're almost trying to hit that 20K for Bitcoin. That's going to be a very symbolic kind of attack on Bitcoin's resistance. I mean, that resistance has been there for a long time. If you actually just look at it, even just if you look at the 90 day chart, you'll see very, very clearly that this is a big freaking job, right? Attacking 20K for Bitcoin is huge. I mean, we tried like, let me see, one, two, three, four, five times in the past to try to attack 20K. This is going to be the big one. Once you attack and get past 20K, that's going to be interesting. That's when, you know, you can see this by here. We're approaching new territory. We'll be entering a new phase for Bitcoin. So I think this is where, you know, all eyes on Bitcoin at this current point. And same thing, Ethereum is not as crazy because Ethereum has reached even higher highs in the past. I mean, if you look at the max of Ethereum, Ethereum popped up at 1,500 before. But now we're moving back up. And I think something that's very healthy about Ethereum this time is that we're not relying on ICOs to push up the price. So I feel like this is why I'm very optimistic for Ethereum as well. It's because back in 2017, why Ethereum had these like crazy hockey stick spikes, right? You can see like it spikes up like boom. And the reason why was that because that time ICOs were very hot and ICOs sourced funding in Ethereum. So to participate in ICOs and to participate into that game, you needed to have a huge stockpile of Ethereum or you needed to buy off the market, causing the price to spike up even more. So a lot of people chose the latter, causing this chain reaction. Now, that wasn't super healthy because back in the day, the ICO kind of seeing got obliterated in 2018. Like during that scene, like, you know, projects were raising around like a billion dollars every year. You can see the ICO stats at that time. It was crazy, right? But now, you know, ICOs are doing two things, right? We still have coin offerings, but this time it's a little bit more kind of less crazy. And also they don't source funding in Ethereum anymore. A lot of ICOs source funding in USDT. So that kind of changed the dynamic, that kind of changed the use case of ETH. And now ETH is moving up more because of the platform itself, which is a lot more healthy if you think about it that way. So that's my take on the current market and the kind of trends going forward in the space. Now, overall market, I see a lot of growth still. So like, you know, if you look at the past 24 hours, Horizon, Stellar, empty dollar, Nano. So yeah, altcoins moving back up yet again. In terms of the dips, we don't really have that much in the past 24 hours. So yeah, it's been a lot of positive growth in that area. Same thing in the top 200. You see Haven, Noya, Champion, Axe, Aeon, API3. You guys were all requesting that. Keeper. They're all moving up in the double digits. So yet again, strong recovery on the altcoin front. Well, mostly because of speculation. So we can kind of see that this kind of cycle always continuing. People hyping up, then getting scared and hyping up again. Now we're back up to the second hype phase. The phases happen so quickly in crypto. It's utterly, completely and utterly insane. So it's life, right? It's life. So just a big shout out as well as we're talking about it. My guys, A, smash up the likes. But also, of course, make sure you check out the Bitcoin Out of the Box podcast. More work is going to come on this week. The last podcast was Skerl of CyberFi. And it's all about DeFi automation, crazy bull run. And we also have an interview with Sam Bankman-Fried, guy from FTX, crazy hair guy. You definitely need to pay attention to him. So two very good interviews that you should definitely be getting on top of. And the best thing about the podcast is you can listen to it on the go. I think that's what I've been trying to do a lot more recently. I've been trying to run a little bit. All right. I've been trying. All right. Trying. Trying. Trying. All right. Once a week. Okay. Trying to run a bit. But anytime I go out, podcasts are the way to go. It's just amazing. So anyways, check out Bitcoin out of the box. Anyways, taking a look very quickly at the charts. We'll just glance upon it. So right now we've got ETH moving up. This. Okay. No, this is not ETH. This is a Bitcoin chart at one day. So yet again, we're talking about that kind of. The strong resistance that we see here. So I'm going to draw that line. We definitely see 20K being one of the biggest goals of this year. Now, interesting enough in terms of timing, right? So we're arriving at the 15th of December right now. Or actually 14th rather. So 14th of December today. And Christmas is approaching. We're 10 days away from Christmas. So one of the phenomenons that we saw in 2017 was that this holiday season was where people went back home to talk about cryptocurrencies. So both Thanksgiving and for Christmas holiday seasons, chatter about Bitcoin could be more retail interest coming. So this is where I'm looking for. Okay. If we're going to make that attack above 20K, this is probably the fuel that would be needed to take us beyond 20K for Bitcoin. So yeah, we were seeing that kind of interest going. So if you look at Google trends, Bitcoin, coin trends, I'm just actually make double check that as well because Bitcoin trends, Google trend, Bitcoin. All right. So, okay. So this is in the U.S. We definitely see that moving up. I think this was also during the time. So this is a good chart. So yet again, we see that interest. Okay. So we're peaking the interest for this year in the U.S. and it's peaking mostly on November. So this was the time kind of end of November time. This was during Thanksgiving, obviously, like I said, the holiday effect coming in. We have a little bit of a dip now. So like it seems to be the case that, you know, after Bitcoin prices fell a little bit and we've seen that on this channel too, you know, it's the number of viewers kind of drops when kind of the prices don't make much movement. But once it starts moving up, interest kind of increases and it goes all crazy from there. So the magic of pricing structure on interest. Looking at the situation worldwide, let's take a look. So yeah, again, a very, very similar pattern. Not sure why globally it's like that. I mean, Nigeria being the top contributor to this, do they have extra interest? I think it's also due to the rally. So the two parts of the story. Rally, potentially the holidays and then we'll see another holiday season coming up. So we'll have to see what is going on. Now, it could be more interest coming in because especially as Bitcoin achieves new highs, people get interested. And I just want to bring this up for you guys. It's kind of funny. I saw this. So mostly I saw this off Reddit, actually kind of interesting. But anyways, it says Jim Cramer bought Bitcoin off nicely from the top in the 17,000s. So poor Jim Cramer, you know, he bought. He's buying in. But it's kind of the retail FOMO, right? You kind of realize, and this is something that I've realized almost a hard way, is that people talk like people like joining trends, right? Because of trends on the media, trends everywhere. And then you sound super cool to be part of the gang. But the problem is, is like the best times to buy are when no one's talking about it. And this is something that we've done extensively on this channel. So we've consistently talked about Bitcoin throughout all of between 2017, 2018, 2019, continuously not only making content, but I was telling you guys, look, 3K Bitcoin, guys, 3K Bitcoin. It's crazy, right? Like I'm dollar cost averaging in. That was very, very clear about what I was doing because it was just ridiculous, right? Because no one believed in Bitcoin back then. And, you know, now it's just like everyone wants to believe in it because it's cool. But if you want to make the massive gains, well, the massive gains comes when, well, people, it's not about joining hype. It's about being there when everyone loses faith almost, right? It's doing the not cool thing, right? When no one's talking about it, that's when the entry points are. And now we're entering a position where it's a little bit harder to get in. The entry points, the good entry points are gone, right? Earlier on this year, 4.5K Bitcoin. That was a good entry point. Now, 17K Bitcoin. That's like, what? Almost four times, right? Almost four times of the lowest point on Bitcoin, right? So, yeah, it's not as good as an entry point, to be honest, right? But it is still, I think the strength of Bitcoin is still here. So I'm not going to try to tell everyone, look, and this is why I'm hodling. At this point, I've re-entered back into the market. I told you guys last week, I re-entered a lot into the market, mostly after profit. So I took some profits early on. So when Ethereum was around 600, I saw kind of on the top. So past 600, 608, I took some profit there. And then I bought back in at around 550 for Bitcoin. So yet again, it's really to do with the hype waves, right? Like, I feel like at this current point, to have the exposure, and this is the one way I've been looking at this cryptocurrency stuff, it's to have the exposure, to have a position in there is important because it's going to change a lot about what we're doing. And the biggest change, I think, this year, right? I'll bring out this reason. We'll go lightning speed through the news because it's a lot of news today. But one of the biggest things I kind of was seeing, and this is one of the biggest trends of this year. Let me just find a news article for you guys here. So try to find it. All right, this one. This one is from Bloomberg Wealth. It says, the wealthy are jumping into Bitcoin as stigma around crypto fades. So this is where there are so many different people talking about Bitcoin. And I think that's the difference about this year as well, where for the past 10 years, right? For the past 10 years, talking about Bitcoin has been very hard. And I've been reflecting on this too, right? Because back in 2012, I had the option of, I was mining Bitcoin, but I had the option to buy Bitcoin, right? Not everything was open to me. And I didn't make big investments into Bitcoin because I was stupid, right? Simply said, I went around all my family and friends and I was like, yo, guys, you know, what do you think about this Bitcoin thing? And they're like, it's going to go to zero, zero, zero. You go to news. Who do you see? See the PDU shift guy up there? Oh, zero, zero, zero, zero, zero, zero, zero. Absolutely zero. Go to some friends and then they're like, yeah, this is stupid. This is stupid. And not even worth mining. Not even worth mining. Like you're wasting your time. Zero, zero, zero, zero, zero. So yeah, that was back in the past. And that kind of like progressed, that feeling moved throughout 20, like it persisted until 2017 until we kind of like, I think there's two things, right? Two things that happened 2017 too. Like I really learned about the power of Bitcoins. And then I started realizing that everyone who was saying that Bitcoin was going to zero, they were like, like I was giving the example of Dr. Doom Nourio Rubini, right? He was the one, New York economist. Ooh, professor. Amazing. Amazing. Amazing. Great credits. And then he was just saying Bitcoin, zero, shitcoin after shitcoin after shitcoin going to zero, right? And people, rich people also listen to these guys, right? Because they're like, oh, this guy is an economist. Ha ha ha. He knows more than I do. We should listen to him. But you kind of realize that last time when I saw him at the debate, I just realized he was gaining massive funds from saying his positions, right? He was being paid 50K for a conference. I mean, these guys are professors. Professors don't make much, right? 50K to them is a lot. They're making a career out of being the villain, right? That's the same thing with Peter Schiff. He's just jumping on that wagon. He's building a career of taking a shit on Bitcoin, right? Every time that the news needs an alternative opinion, they put on Peter Schiff or Nourio Rubini, right? These guys are building their careers of shitting on Bitcoin. But the problem is, is that their career isn't going to last very long at this current point, right? This is like, how can you be, how many times you have to be consistently wrong? And this is the big problem with media too. Like, why would you put these people on? Like, I guess it's because they need to have another opinion. But at the same time, like this, these guys have been wrong, like continuously for a decade, right? Anyway, that's my rant over. That's my rant. Anyways, we got Manero DeNero's hair mining. Yeah, I got a haircut over the weekend. Yeah, this weekend I did two things, right? One was just getting a bunch of tech stuff. The second was like catching up with life, you know, getting a haircut so I don't have to be like, ooh, live stream coming guys. All right. All right. All right. Making sure my hair is okay. All right. Checking up. All right. Now it's like, okay, look, it's much better. And also, yeah, did some like exercise over again. Also guys, do you like the plant? For some reason, they were selling like flowers. Like these are like, I have no idea what they're called. But anyways, they smell super nice. I'm not sure why they have it in the middle of winter that they were selling this. But I know it's just in full bloom. So I put it on today. Funny times. All right. So catching back up with the chat. Amateur gamer. I wonder whether the pizza delivery boy who got 30,000 Bitcoin for one Domino's pizza is on a yacht right now. Man, I those people are like legends, right? You kind of meet these. Like I wonder too, but very likely. Like if you believed in Bitcoin back then and you bought 30,000 or you had 30,000 Bitcoin or 20,000 Bitcoin, your life's changed, man. Your life has changed. Like if you kept that till now, what is 30,000 Bitcoin? 30,000, 30,000 times. Let's say it's right now 19,000 Bitcoin. How much is that? How many zeros is that? Like how do you even read this number? Okay. So that's half a billion dollars, guys. That's $570 million. Jesus. Jesus. It's crypto. Power of crypto, right? Crazy. So yeah. We're there. SD asks, where's the OG plant? OG plant's taking a break. It's in my nice, happy, my farming room. It's my box farming room. It's getting some sunshine. But we'll kind of switch these plants around. It'll be fine. It's... Okay. So what's... Okay. Oops. LA San Jose says, I just did my last trade so I can wrap my taxes over. Yikes. Taxes suck, man. Taxes really suck. A lot. Anyways. Anyways, let's go back to the news. Let's go back to the news. I hate to hear about taxes. It's very unfortunate. But anyways, we did a lot of reading on Reddit. Did a lot of catching up as well. So, all right. This is kind of interesting. 338 million people can use Apple Pay to buy crypto now. So there's a new app called Lumi. I haven't checked it out yet, by the way. But this is like making news rounds that people are using this. But yeah, so it's coming. Lumi can apparently buy Bitcoin on Apple Pay. But this is interesting because Apple Pay... Apple is technically very tight on how they do payments. So I really want to see if Lumi is going to have some trouble three months down the line. This is going to be very interesting, guys. So we'll see. Apple has been the biggest dick in terms of their payment services. If you look at Apple versus Epic Games, yeah, you'll figure out why. Apple wants to take the share of Apple tax. This is also interesting. So we got Bitcoin overtakes China in peer-to-peer Bitcoin trading. That's interesting. This year, we've seen a lot of interest in Indian projects too. And recently, you guys probably know from the interview from Persistence. And there's a lot of Indians looking for blockchain to take off, to be the next unicorn, right? They had the tech unicorns already. What about blockchain unicorns? So in that sense, this is just kind of confirmation that India is having a huge kind of surge into peer-to-peer volume. All right, why peer-to-peer also? It's because in these countries, both India and in China, it is harder for people to get exchange access, right? If you trade peer-to-peer from people to people, there's much more vendors out there. So that's kind of the situation and why peer-to-peer volume is important. And this is just organic volume buying into Bitcoin. So guys, if you guys are from India as well, if you guys, if you have any people from India watching, tell me, like, tell me how hard is it to get into crypto? I'm actually quite interested in that. Do you must go to peer-to-peer or are there any alternative methods? Tell me, tell me in the comments as well. All right. We got also this one. Oyster Pearl founder Bruno Block arrested, facing 10 years in jail. This was actually interesting. I saw this. I'm like, this is an ICO guy. Not only did he scam people during the ICO, but he also defrauded people. I defrauded the IRS, actually. So he misfiled his tax returns. He has huge tax evasion schemes using shell companies, pseudonames. Guys and dudes in jail. Yeah. You know, don't be a dick, right? In life. Also, like, yeah, that ICO game, like, a lot of his wealth came from ICOs. It's kind of crazy. This was also interesting. I was looking at the micro strategy downgrade. I mean, obviously, this news article is like, after a micro strategy downgrades, analysts recommend small cap crypto centric bank. Oh, my God. We're going to show this bank. But, okay. Why is this article interesting? It's obviously because micro strategies got downgraded because they're holding nearly one billion dollars worth of cryptocurrencies. So a lot, there's still a bit of mainstream, there's still some stigma in the financial world where they feel it's high risk to be in cryptocurrencies. And that's the reason for the down risk. But that being said, of course, if you look at the performance of Bitcoin. Yeah. It's like, I hate to use this word. You know, I hate to use this sentence, but it's like, it's irresponsible not to have exposure to crypto. Yeah. There you go. All right. So, yeah, this is the digital renminbi. This is DCEP. So last, we've been following this for a while, but what China is doing with their own digital currencies as well. Right. So this is, this is their centralized version and they've been pushing it very hard this year. Reason being is because they want to have some dominance in this field. They know that the central bank issue, digital currencies, this is going to take off. And once China did it, everyone did it too. Right. One of the biggest reasons driving this, obviously, is because of the trade war. So with the trade war coming up with between China and the rest of the world, almost like that at this point, China is afraid that they're going to be limited in terms of currency transfer options in the future. So making this currency widespread used in China and then in Southeast Asia and then around the world makes them immune to any potential sanctions that they may face. And this is very clear. So if you look at my article on DCEP, DCEP, just search that up. This tells you a lot, a lot. This is on Google. So search DCEP on Google. You probably get the box mining one first. A little bit. Great work by the website guys, by the way, on this. But this was very, very clear during my interview with the guys at Phoenix TV. So this is on TV in China. We're giving talks about this. But it's very clear that the fear really comes from the fact that China is afraid that the SWIFT system, they're going to get kicked out of SWIFT or they're going to get kicked off any sort of foreign currency transfer options. And this is why China is developing their own to kind of be the fallback plan if something happens. And they've been pushing very aggressively into this. So as you can see, 20K transactions. They're using a major retailer. So JD. JD is like the Amazon of China. So they're accepting DCEP already. What this means for crypto is actually really good because DCEP takes a lot of inspiration from blockchain technology. And also there's talk about these potential gateways between DCEP and with other cryptocurrencies. Now, those gateways are not very popular yet. Okay. So initially people were saying, oh, when DCEP is released, immediately there's going to be gateways built up. But a few things, right? First of all, I talked about these gateways on TV in China and they cut all those sections out. So they definitely don't want people talking about it and they don't want those being built. So that's going to be interesting to see if that can be done in the future. And if so, what's the way to do it in the future? Anyways, it'll be interesting. It'll be interesting. All right. Moving up to the news very quickly. So Haken launches new product, Rira. Rira. So if you guys know, I'm an advisor for Haken. And the reason why I'm an advisor for Haken and I chose to be one, and also I'm a, I hope Haken is because they're doing a huge amount of work in cybersecurity. So this is not the sexiest subject in the world, right? Cyber security is protecting people. This basically what they're building in terms of new product is it's automated security scanner that identifies vulnerabilities around the web. So basically it just helps anyone that is running a website, et cetera, they can get this sort of automated testing. And then they can also hire people, hire Haken themselves to do a full audit penetration testing of their web. Not the sexiest thing. All right. So I'll be right up front. Not the sexiest thing. But what I see here is that in the future, as people use more and more cryptocurrencies, security becomes super important because you're holding more for your assets in this form of full control, no refunds, all right? You can't, you can't like if someone steals your crypto, there's no refunds on it, right? So this is key. So having better security is just absolutely key in this world. But anyways, they deployed a new cool product. Check it out, guys. We also have Pornhub blocked by Visa. This is last week's news. But anyways, so if you're in Pornhub, crypto payment right now is the only option. But who pays for Pornhub anyways, right? But anyway, we also have Tyler Winklevoss, smartest people in the world buying Bitcoin quietly. I think that's been happening for the longest time. And the kind of thing is kind of interesting thing is like when I was buying Bitcoin, right? Like 2018, 2019 dollar cost average accumulating this year as well, 2020. But you can see the main bulk was actually purchased mostly in 2018, 2019 area, right? During that time, even if I start screaming about Bitcoin, no one would care. But that's how the crowd goes. But just be smart about it. Be smart about it. Make sure you're on this channel, by the way. All right, we got a number of non-zero Ethereum addresses hits 50 million. So yeah, yeah, again, Ethereum is not slowing down at this current point. People are using more, getting more and more accounts. This is just a strong sign that, you know, people, people are buying Ethereum and people are using it. So anyways, it's pretty self-explanatory at this current point. We are pretty much done. All right, some other stuff as well that we're spectating. Oh, also we have DuckDao. So this just came this morning, actually. So if you guys know, I'm part of the DuckDao incubator. And these guys, so are issuing out this new liquidity pool product called Duck. So DuckDao is going to, this community is going to have two coins, right? So they have a coin called D-I-D-D-I-M, the DuckDao dime. This one is for the community itself. And dude, it's crazy. Like when I first, like, what the hell? It's been on a crazy rocket ship ride, right? So this is the one that's required to join the community, right? So this is the DuckDao dime. It's required to join the community. And before it was a four bucks, but now it's like this crazy $21 right now. It's insane. But anyways, that's the one to join the chats, join the community. And I can say this, right? Like they are the hardest working people. In terms of the decentralized Dows out there, the chat groups, the information groups, they are the ones working the hardest at the current point. Like absolutely. Like versus KarmaDao, like there's no comparison. Also, I want to give shout outs to OmegaDao as well. They're being doing pretty good, but yeah, I've been joining a lot of these groups to just get gather information now ducked out. They're deploying the duck token. So this is another token for the liquidity pool program. So this is a program to provide liquidity to projects that ducked out incubates, and there's going to be a new, um, queen out and a new farming opportunity out as well. So more information about that coming soon, but check that out. Um, kind of crazy stuff coming up happening at this point. Um, um, Tara L says, very interesting getting involved in ducked out dime. Ducked out. Dime is also kind of also required. Like if you join ducked out, you get the option to invest in projects and the past few projects worked like super well, like super, super well. Right. So they had like base protocol, which just like took the crypto seed by storm last week. It was ridiculous. Um, they also incubated a few other good ones. I think, let me just double check. Yeah. So bond, uh, bond lead was good. Based at a hundred 70 excess insane. Uh, D5 pike geek did work well. So they, they've been pretty, pretty good on that respect as well. So yeah, that's coming up with the duck coin. And yes, obviously I did buy some, uh, duck coin previously. All right. All right. All right. All right. So I think that's pretty much it. Okay. Also this, um, just an update on this as well. So last week you guys probably know, um, I did a live video setting up in Ethereum 2.0 node. So we're, we're looking at the node right now at this point, and this is what's happening with it. So let me just check, take, take a look at this node. So you guys are probably pretty interested in Ethereum 2.0 nodes, right? Because they generate daily and profit. So this is my node at this current point and you can see what's happening. So initially started off with a deposit of 32 ETH. So, um, I showed that in the live video and also in cut down video. So just check those videos out about how to do this. But you deposit a 32 ETH and then once that's deposit goes in and once the node is live, so my node went, this node went live on December 10th. And I rephrase myself because I have multiple nodes. Um, so magic. So this one, this particular one went live on December the 10th. And what happens once it goes live is that the, it gets voted. It gets, it becomes, it goes part, it gets part of this attestation system. And then once a test, you get passive income. So you can see that amount slowly, slowly growing every day. So roughly every day I'm earning around 0.0137 ETH. So roughly, uh, ETH to USD. So that is roughly around $8 per day, which is not bad. So just roughly accumulating that per day. What, what I'm using to run it is all nodes. So you, uh, a lot of people didn't know this, but you need to have a node online. So you need to, this computer needs to be online 24 hours a day to do the votes, right? So when it gets called on to vote, it must vote. If it misses the vote, you'll actually see the amount drop. So this is why I used all nodes to do it. If you guys want to check out all nodes down, I'll put a link down there. I'll put a referral link down there so I can make some passive income too, on the side too. But yeah, so this pretty much takes care of everything. I would definitely want to, if you guys are interested in just seeing what that is all about. This Ethereum 2.0 staking, um, check out the staking guide. This is the one on my channel right now. I'll put the link down below, but I take you through the whole entire process of going through the official Ethereum 2.0 launch pad. And then going and setting up the node itself. There's, it's actually pretty easy. So if you guys are looking into doing this, this is the proper way of doing it because you get to keep the keys yourself. This is not through an exchange. I just want to make highlight that you get the cool node. You get to be part of the whole launch of Ethereum 2.0 and you get to keep your keys. So no one else has a crypto anyways, very, very important, but that's, that's pretty much it. Um, all right. So yeah, just check that out. Make sure you're there. Um, yeah, check that video out and we should be good. I don't know why, but there's an, another box opening video. Really? Huh? Oh crap. Um, all right. So yeah, apparently, apparently, oops, there's a, yeah, I messed up today's, um, stream. So apparently there was another stream online. Weird. Weird. Anyways. I just realized that just now when I was looking at it. But anyways, that's pretty much it for today's video guys. I think we're covered up a lot. Um, a few things, right? So just catching up with me. Um, so cyberpunk came out over the weekend. Um, it was super frustrating on it, honestly, to set up. Um, it taught my PC a lesson. So like, you know, you guys see the max here, but I'm actually using PC proper, like a proper PC, PC master race. So, uh, try to load up and play cyberpunk. Um, the graphics are intense, right? I have a 3070. So the new Nvidia graphics are the new 3070 gen three. Um, I have a 39, 3900 K, um, X, um, CPU from AMD. So that's still this year's CPU, not the latest one, but still, it's still pretty recent, but yeah, so this is top of the almost top, right? One level step down from the top tier specs. And yeah, it's like, it's like my PC is like pushing to the push to the limit, right? I have to lower the settings down almost to medium in order to play cyberpunk. But anyways, um, and that's my adventure so far. So I try to do a live stream on my other channel with the live stream on. It was like, it was like 15 FPS. It was impossible to play. But anyways, that's my current story. It's still, um, there. Um, I'm sure video damn. I was on the wrong video. Sorry, guys. Sorry about that guys. I had two videos up. There was one on the wrong videos. I'm sure someone, um, was there. Um, so yeah. Um, amateur gamers is bro. Cyberpunk was so bad. My 57, 5,700 XT died on me. Do the graphics requirements on that is insane, right? The game looks fantastic and the game is open world. Um, like if you get it working, it's great, but I feel like it's underbaked, right? That's something that's a key with cyberpunk. Like I think like the, um, the graphics were not optimized and this goes to show, you know, hardware isn't the most important thing. It's all about optimization, right? And they just didn't optimize it well enough. There are so many, like for me, what I was experiencing was that even if I got this graphic settings, right, you know, got it to be good. To be good. When I was moving between zones on the map, I would feel some lag spikes. So it's like, it's a lot of tuning. So I guess at this current point, if you guys want to play cyberpunk, wait two weeks or maybe wait two months. All right. Just wait another two months. Let all the idiots beta test it for you. And then you can go and have a good time. I think that's, that's the key, right? Like right now, if you go in, you're going to be, you're going to be one of the idiots like me. Just make testing every setting. Oh, volumetric fog. Should I turn this on or off? Oh, shadows. How much shadows do I want? But once like people tune that a little bit more, there'll be like good settings that you can use for your setup. And that was, that's the way to go. So anyways, Travis provinces. My brother had no problem with the 1080 TI. That's good. That's good. I don't know for me. Like, I think it's like, I think it's because I really wanted ray tracing on. So I kept trying to switch on the ray tracing and like during transitions was when I had, I struggled. My, my 30, 70 struggled the most. But anyways, uh, Aktar, Arif Aktar says 40, 90 or might run it well in a year. Hopefully, hopefully speaking. Like I was looking at all those videos where people were running it on 4K resolution on their 37, like 30, 90 TIs. And then, and then it would just lag. Right. Anyways, whatever. Like, uh, it's, it's an experiment in progress. Like I think like I kind of reestablished my expectations for the game. Um, last week. I'm like, you say, you know what? Yeah, it's, it's, it's an experiment in progress and you'll have a lot more fun if you play it thinking that, um, in that way. So anyways, guys, um, lots of good videos coming up. So make sure you stay tuned. Lots. I'm pretty sure lots will happen in crypto next few weeks. So make sure you stay tuned, stay subscribed to this channel. Pretty excited to give you guys a review. If you guys have any questions about this new M1 MacBook Air as well, um, shoot me them down below. I actually want to just make a crypto centric review of it. Cause like, I feel like this is like the next frontier in terms of laptop performance, right? Like not shilling this hard, but like, I feel like this is the right product for me to take out on a go. And with no fan, like this one is the MacBook Air with no fan. Dude, it's amazing. Like laptops should not have fans. You know, that's, that's my key. Like, I feel like, you know, like every time I use my laptop, I always make sure that there's no dust that can get caught into my fans. Right. I think this is, this is my paranoia, right? Like if dust gets into your fan, like this one, the, my, um, my older one with the i9, right? Um, the fans just go blazing dust gets caught inside and then it just get becomes louder and louder. And the, it's like, it gets thermal throttled all the time, but this one without a fan, I feel so super good. I'm just using on my bed and stuff. It's like, Oh, I can use it. Anyways, that's me flapping away with that guys. Thank you guys so much for watching. Um, I'm going to fire away the outro and I'll see you guys next stream. Bye. Bye. Bye. Bye. I like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem. First and foremost, if you guys like listening to all that's happening in crypto on the go, then I would highly recommend you checking out the box mining Bitcoin out of the box podcast. and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and let's follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video you