hello and welcome to bit boy crypto your one-stop shop for all things Bitcoin and
cryptocurrency Road edition of the fresh five today currently in Orlando giving
couple blockchain talks today with decentralized America so you guys make
sure to check that out we will have the videos on the page soon today we're
gonna be looking at several important stories, two involving China. we're going to
be looking at quan a quantum resistant crypto that's coming out as an IEO on
bit Bay, Delta being purchased by eToro the block folio competitor and we're
also going to be looking at cash app going to be instituting a fee for
Bitcoin so let's go ahead and jump into market watch. market watch alright guys
right now Bitcoin coming at 9297 down just a hair less than half a
percent. the current market coming at 252 billion which is about exactly where it
was yesterday for a fresh five video a Bitcoin dominance however drops another
point one percent to sixty six point five percent so coming in right now
biggest gainers of the day we have maximized by coin rinse wipe and I exec
RLC and then biggest losers the other day we have wicks lar which I didn't
even know existed down 35 percent COO coin chairs erz 20 auger and molecular
future so go ahead and move on to top story the day number one top story of
the day alright guys so as you know China has been really back and forth
regarding bans on crypto. it has banned crypto currency completely, it's banned
crypto mining it's banned Bitcoin mining at different points you know all
kinds of different bands that china has instituted and you know i was really
wondering if we were still going to get this drama of what's banned what's not been
banned um after the announcement that by the chinese president that they would be
going all-in on blockchain and now we have another unfolding of the removal of
one of the bands or the removal of the intention
to ban because China does a lot of talk they do a lot of action as well but a
lot of talk. so now bullish for Bitcoin China officially scraps plan to ban
cryptocurrency mining. now a lot of people think that this might lead to
some more sideways action as you guys can see here is the markets calm after
the initial Chinese announcement that they were going in on blockchain of
course a price exploded and now it is coming back down soon
so the reason for this could possibly be the reason that it hasn't dropped
further might be the fact that you know China is now not going to be putting in
a ban on crypto mining which is very important so the change came via a new
edition of China's industrial structure adjustment guidance catalogue which will
take effect the start of next year China's development and Reform
Commission has removed cryptocurrency mining from the list of industries they
want to eliminate bullish for bitcoins. so definitely big news I do think we'll
see Bitcoin mining continue to grow in China at this point, and you know can do
so without fear of repercussion at this point. story number 2 so also more china
news here as they have agreed with the hong kong central bank for blockchain
push. now this is very interesting guys they have an agreement with the Hong
Kong Monetary Authority HKMA it signed an a memorandum of understanding with
the People's Bank of China aka the PBOC. now what's very interesting about this
as that the People's Bank of China is coming out with its own coin it was
announced earlier this year it's gonna be called CBDC the digital currency
of the People's Bank of China. now is this the first domino that we're going
to see in China trying to have a complete domination of the crypto space
specifically starting in Asia it definitely could be there has been
obviously a lot of tension between Hong Kong and China you gotta wonder if maybe
you know China and Hong Kong struck some kind of backdoor agreement here to kind
of protect the Chinese currency because you know a lot of the issues
between China and Hong Kong have to do with the Chinese one versus the American
dollar so let's see what this looks like but is definitely very interesting that
right after China is going all-in on blockchain now they're agreeing with
Hong Kong with the central bank there that they will also be pushing for
blockchain. story number three alright guys bit bay
exchange introduces ieo launch pad list quantum resists ik Quan or con I'm not
exactly sure how to pronounce that but it's qan is the point here so very
interesting because of course earlier this year Google made a big splash by
saying that they had achieved quantum supremacy and a lot of people are really
concerned about that in terms of blockchain in the future they're worried
that you know basically 256 encryption will be cracked very easily and so
people everywhere have been scrambling to figure out like what kind of
protocols can be added to whatever cryptocurrency whether Bitcoin litecoin
whatever that could make it quantum resistant well Quan is a creeper
a a resistant blockchain when it comes to quantum computers so big basics
exchange announced the introduction of an ILO launch pad an initial exchange
offering launch pad like by nan sass which will go live on the 18th of
November along with the first ieo sale of quark tokens through the launch pad
babay will become the first exchange offering investors the possibility to
buy i/o tokens directly through the euro the Polish zloty I don't know how to say
that and the British pounds a little more about Quon here so um bit bei says
is a licensed crypto currency exchange we want to offer our users a possibility
to participate with innovative and reliable projects Kwon brings great
value to blockchain developers and has the potential to level up the
cryptocurrency industry ecosystem and I think that is something that really is
very important you know for the the future of cryptocurrency is that we have
to have things that are going to be able to adapt to quantum computing because I
don't know if you guys know what Moore's law is Moore's law is basically a law
that says the technology doubles every two years
there's curb that shows that when it comes to
computers and processors well we've broken Moore's law over the last year so
now computers are actually progressing much faster than doubling every two
years so it seems like right now quantum computers are you know they've got to be
stored in sub-zero temperatures it's really crazy how expensive they are but
you know definitely it won't be long before that becomes much simpler and
these quantum computers I don't know if they'll be in everyone's home but
they'll definitely be a lot more common so I do think this is definitely
something we got to keep our eye on Story number four
all right guys squares Kashyap is now charging fees for Bitcoin purchases easy
to quote right here cash out may charge a fee when you buy or so Bitcoin if so
the fee will be listed on the trade confirmation before you complete a
transaction just as a story yesterday about coin base and how coin based you
know may possibly be leaking customer data which we're still waiting to hear
back from them on that um but you know a lot of you don't like that coin base
continues to up its fees and and people saw cash app is a way to maybe
circumvent that well now that's not gonna be the case anymore as people are
definitely going to be getting charged a fee will it be as much as the coin base
fees probably not right now it looks like this talks a little bit about a
screenshot of the fee it says a date of November 5th it showed a ten cent fee
for a ten dollar purchase well serves about eighty eight cents for a fifty
dollar purchase in a 175 for eight $100 purchase so it looks like the the amount
is gonna be somewhere between you know 1.75 to 2% at the max maybe a little bit
less than that for smaller or four or maybe a little bit more you know
depending upon how much you're buying but it's definitely interesting that I
think that companies are realizing that you know Bitcoin is a premium there's no
doubt about it and people are definitely willing to pay for it especially the
price is gonna go back up so you know hopefully they won't jack these fees up
too high and square scores cash app can be you know a way to buy a Bitcoin that
I can't continue to tell you guys that I think is at least a good option Story
number five all right guys investment platform eToro acquires crypto portfolio
tracker app Delta honestly I like Delta better than Black folio black folio
reached out to me last year and so I did a video for them it wasn't sponsored but
you trying to explain the benefits of black
folio but honestly in my opinion I think Delta is a better app it's been a better
app than black folio I think it's a lot easier a lot more simple to use is all
right now the exchange eToro has bought it and you know basically the idea is to
have a place where you can store your portfolio in an easy way but you can
also make purchases make crypto purchases as well that basically what
eToro is all about is eToro is you know from their own mouths you know basically
they are a platform for the people and so you guys can see right here it says
we are trading in a we are a trading and investment platform that not only
provides clients with access to the assets they want from commission trip
free stocks and ETFs through to FX or Forex commodities and crypto assets but
also lets the customers choose how they invest now in America unfortunately
right now we do not have the full version of eToro that's available in
Europe due to some regulation and different laws and things but I do think
in the future eToro is gonna be a major player in the space I think that we're
gonna see coinbase finance us and eToro battle it out for American customers you
know for the next couple of years and if the price of Bitcoin goes up
considerably like a lot of people think it's going to over the next few months
then you know this could get to be a bloody war pretty quick so we'll have to
see who wins you know I'm a big fan of Finance us is you guys know I'm not a
huge fan of finance dot-com but I am a fan of Finance us will definitely be
doing some more videos on them in the future but I think eToro is definitely
one to watch as well all right guys thank you so much for watching this
video we'll be back with another fresh v video tomorrow then we have chain wise
conference this weekend I'll be speaking at so you guys can watch four different
videos well I'll be live-streaming later or I'll be live-streaming today is long
in the short of it so alright guys thank you so much for watching this video the
boil