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MASSIVE CRYPTOCURRENCY NEWS YOU MAY HAVE MISSED!! [ETHEREUM, SOLANA, BITCOIN UPDATE] - YouTube
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all right welcome back everybody to altcoin聽
daily my name's austin in today's video i want聽聽
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to share with you some massive news involving聽
cryptocurrency including bitcoin including聽聽
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ethereum including altcoins things you need to聽
know as a crypto investor like always check the聽聽
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timestamps down below in the video description聽
click subscribe join us on a road to 1 million聽聽
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and let's jump in first piece of major news cuba聽
has announced they will recognize and regulate聽聽
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cryptocurrency check this out cuba's government聽
said thursday in its official gazette that it聽聽
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would recognize and regulate cryptocurrencies for聽
payments in the island nation the country central聽聽
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bank said friday it is drafting legislation to聽
regulate cryptocurrency in commercial transactions聽聽
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and to issue licenses for providers of services聽
connected with virtual assets guys this is a聽聽
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little piece of history this is a huge domino聽
that just fell and essentially what this means聽聽
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is you're not going to be able anything you聽
can do with cash in cuba you can now do with聽聽
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cryptocurrency you can pay your taxes you could聽
buy a loaf of bread at the store and if you go聽聽
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in and you say to the cashier i want to pay in聽
bitcoin they legally country-wide rules have聽聽
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to recognize it and accept it and why are they聽
doing this of what benefit is this to them well聽聽
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since the trump administration toughened embargo聽
rules as well as president biden has increased聽聽
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pressure on cuba's government it has been harder聽
for citizens to use u.s dollars for purchases聽聽
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basically they're saying that since聽
the traditional system has failed them聽聽
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push them out the traditional u.s financial system聽
they're going crypto because cryptocurrency is聽聽
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digital and not tied to any country or government聽
tech savvy cubans could use crypto to evade聽聽
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government regulations uh so we will have to see聽
how the us reacts to this how far this gets i聽聽
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mean bullish or bearish i obviously would have to聽
lean bullish but please you let me know down below聽聽
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and obviously they're also not going to accept聽
every cryptocurrency probably definitely bitcoin i聽聽
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would guess if they're going a second and a third聽
an ethereum and a light coin but we will have to聽聽
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see which cryptocurrencies they legally recognize聽
i'll keep you updated and next up speaking of聽聽
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adoption news el salvador readies their bitcoin聽
rollout with over 200 atms for conversion聽聽
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so we know that el salvador legalized bitcoin聽
in their country just a few months ago and the聽聽
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rollout is happening now el salvador has begun聽
installing bitcoin atms allowing its citizens to聽聽
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convert the cryptocurrency into us dollars and聽
withdraw into cash as part of the government's聽聽
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plan to make the token legal tender the聽
government will install 200 of the teller machines聽聽
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to initially accompany its digital wallet called聽
chivo a local saleem term for cool and to me聽聽
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my initial thought was 200 machines for a whole聽
country doesn't really sound like a lot but number聽聽
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one this is just the initial rollout number two聽
the atms will be accompanied by bank branches聽聽
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as well and number three there will be no fees on聽
transactions from these machines the president of聽聽
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el salvador said on twitter transactions will be聽
commission free he added that there will also be聽聽
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50 financial branches across the country for聽
withdrawing or depositing money it is crazy聽聽
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how fast things are moving and how much adoption聽
is skyrocketing for cryptocurrency in september聽聽
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here are the hundreds of atms right here ready聽
to roll out in el salvador i'll keep you updated聽聽
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next up i want to talk about ethereum i want聽
to talk about solana and i want to talk about聽聽
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microsoft microsoft has just won a us patent for聽
a ledger independent token service so microsoft's聽聽
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new device is designed to allow developers to聽
write code for managing tokens in a manner that聽聽
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is blockchain agnostic meaning that microsoft聽
may be building a cross-chain interoperability聽聽
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hub for all these different blockchains at least聽
they're getting the patents filed back in 2019聽聽
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but just granted today the patent describes a聽
ledger independent token service or a software聽聽
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service enabling individuals and organizations聽
to create and manage tokens across multiple聽聽
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distributed ledger networks and platforms聽
examples of such platforms in the patent filing聽聽
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include major blockchain platform ethereum ibm聽
backed hyperledger fabric jp morgan's enterprise聽聽
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blockchain platform quorum r3 chorda and chain聽
core so notice that other than ethereum every聽聽
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other example they list in their patent are highly聽
centralized block chains microsoft is probably聽聽
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making something highly centralized for these聽
block chains in the patent the described computer聽聽
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system aims to provide the user with one or more聽
token templates with each of those corresponding聽聽
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to a type of physical or digital asset the ledger聽
independent token service is designed to act as a聽聽
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single interface for managing the life cycle of聽
tokens across multiple blockchains so they'll聽聽
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provide you with templates to make token creation聽
much more efficient and it should be cross chain聽聽
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it should be good with multiple blockchains聽
give me your thoughts on this down below聽聽
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as a reminder with microsoft last year the tech聽
giant filed a patent for a cryptocurrency system聽聽
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enabling individuals to mine crypto using their聽
body activity data in an effort to remove the聽聽
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need for specialized mining devices so instead聽
of using machines they would use humans to mine聽聽
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cryptocurrency we covered this last year and thus聽
far the patent for that has just only been filed聽聽
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this patent has been granted is microsoft聽
enslaving humans give me your thoughts down below聽聽
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next piece of news from yesterday involving a bug聽
in ethereum the ethereum chain split due to a bug聽聽
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devs urging users to avoid any eth transactions聽
the ethereum network had a split due to a bug in聽聽
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the old version of geth approximately 54 percent聽
of the network nodes split from the main net聽聽
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first off i want to say there is nothing to聽
worry about they caught the bug in time nothing聽聽
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outrageous happened but here were the details聽
there was a bug afflicting a prior version of geth聽聽
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meaning that nodes running the old client are聽
being barred from the main network this could have聽聽
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led to the possibility of a double spend and lost聽
funds for those using the network luckily a double聽聽
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spend didn't happen it was caught but that was the聽
fear and by the way guys this is the beauty in a聽聽
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sense of a decentralized network meaning the nodes聽
have to be in agreement with the miners have to be聽聽
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in agreement with the developers and then when the聽
community saw certain nodes yesterday acting up聽聽
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obviously they saw the problem the community came聽
together came to consensus and chose the healthy聽聽
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chain for example the miners most miners were聽
mining the current version which had no threat聽聽
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of hard fork but ethereum developer tim baiko聽
did suggest that certain mining pools flexpool聽聽
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btc.com and binance pools have been mining on the聽
old unsecured version and timbago said guys let's聽聽
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all get on the healthy version and in general i do聽
want to say again there was nothing to worry about聽聽
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because they did catch the bug in time people聽
updated their clients but let this be a reminder聽聽
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that tech especially tech that is actively being聽
developed you know things happen all right next up聽聽
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let's talk about solana as well as the solana聽
ecosystem and lower cap altcoin burnt finance聽聽
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burnt finance is from the same team that brought聽
you burnt banksy made national headlines they聽聽
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are a fully decentralized auction protocol on聽
solana and they just made a major announcement聽聽
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excited to introduce the solana nft alliance聽
site seoulnft alliance.com which has the goal聽聽
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to help create a common nft standard on solana聽
while gearing up the network for mass adoption聽聽
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and by the way it's one thing to say something聽
like this but what i noticed is they're actually聽聽
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getting the members actually here is the site聽
right here forming the solana nft alliance to move聽聽
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towards a common standard for solana contracts and聽
here are the alliance members at least the initial聽聽
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30 plus so for those betting big on the solana聽
ecosystem you like this some of the nft standards聽聽
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they're trying to implement on solana have the聽
artists in mind the standard introduces the聽聽
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concept of royalty for nft creators ensuring聽
artists can continue to earn on their work in聽聽
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perpetuity now they have this on ethereum as well聽
as other chains as well but i guess they're just聽聽
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trying to make this a standard on the solana聽
chain number two the concept of additions can聽聽
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also be implemented into the metadata artists and聽
creators can issue several editions of their work聽聽
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creating interesting possibilities for revenue聽
generation and iterations upon previous work聽聽
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they also talk about master editions and much聽
more but again i guess the coolest thing to me聽聽
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was the number of members they're getting to聽
say yes to join this alliance to benefit the聽聽
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savannah ecosystem interesting stuff i'll keep聽
you updated all right that is the video my name聽聽
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is austin see you tomorrow and by the way little聽
announcement for the channel aaron and i will be聽聽
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spending time with our family tomorrow so聽
we won't have the regular scheduled video聽聽
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but we do have a an interview that we prepared聽
we did an interview with bitboy on v chain聽聽
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specifically dropping tomorrow get excited and the聽
regular news comes back for monday see you then
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