the price of Bitcoin just hit $10,000
per BTC momentum is moving momentum is
moving fast if we look at the price
chart year-to-date this is Bitcoin if we
look at the price chart for the last
year we peaked hard last year too fast
to unsustainable
we flew right up to 14k and then pulled
back consolidated and now we have
surpassed 10k again and momentum is
building and momentum is building fast
according to on chain analysis on chain
fundamentals this breakout is the real
deal if you're asking yourself well
what's backing this 10k breakout
fundamental investment activity is
backing this 10k breakout we're gonna
get to this in a second but if you hold
cryptocurrency here are the top stories
that you need to know things making news
in the space today hit subscribe that's
what this channel does we bring into
daily news keeping you informed visa is
planning the biggest changes to swipe
fees in a decade now in many ways this
is visa fighting against Bitcoin hey
nobody said it would be easy but this is
how visa is trying to coax more
merchants more users to keep using visa
check this out visa is planning the
biggest changes in a decade to the rates
US merchants paid to accept its cards
why well they're hoping to persuade more
people to abandon checks and adjusting
its fees for new businesses such as
ride-hailing services so how is visa
changing their fees well it's actually a
bit confusing the companies interchange
rates which are the fees charged every
time a consumer uses the card will go up
or down depending on the merchant and
the way a consumer pays for their
purchase according to a document visa
sent to banks that outline the changes
so who gets the higher rates and who
gets the lower rates
well higher rates are looming for
transactions on ecommerce sites while
retailers I guess making
brick-and-mortar in certain to service
categories such as real estate and
education
see fees decline so ecommerce is
higher-education real estate is lower
interesting
now as a smart consumer a smart investor
let's read between the lines a little
bit reading between the lines here they
are adjusting their fees based on their
market share areas like e-commerce where
they have a near monopoly they're
raising their fees why not online
e-commerce everybody accepts Visa why
not raise their fees other areas where
they are less popular they're lowering
their fees make sense from a business
perspective and I'm sure their goal is
to make more money and grow their market
share now if some would say that this
market share it's just good business
others would say that hey this near
monopoly is can be can be scary if a
company can do this to their consumers
do this to the merchants willy-nilly
whenever they choose and now if you run
an e-commerce site you're gonna be
paying a few more pennies on each
transaction maybe it's time for Plan B
give me your thoughts down below in the
comment section before we get to buy
Nantz cloud next piece of news China's
coronavirus whistleblower is now
memorialized on aetherium so the person
that broke the story about coronavirus
in China when the government was trying
to cover it up
he's now on the etherium blockchain
someone has just created a smart
contract on aetherium with source codes
in the shape of a monument in memory of
dr. Lee wen Ling the whistleblower of
China's corona virus outbreak who died
of the disease here's the memoriam right
here forever memorialized on aetherium
and this is illustrating a direct use
case for aetherium
because while the Chinese government is
trying to cover this up now forever
people will know who truly tried to save
them the source code on the monument
contract created on Friday wrote down
the biography of dr. Lee in Chinese and
highlighted rest in peace and his
contribution as a medical expert to
alerting others on the dangers of the
virus as early as December 30th only to
be reprimanded by local police later on
now here's what you need to know the
creation
the smart contract which now becomes
immutable unsensible
on the blockchain comes at a time when
Chinese citizens are being censored on
WeChat being censored on Weibo here's
how they're being censored the news of
his death broke late-night Thursday
China time and this news immediately
jumped to the top spot on Weibo
real-time trending topics list but
within minutes within minutes it was
dropped to the seventh position and now
it's no longer on the list even though
the hashtag dr. Lee W passed away has so
far gotten 1 billion views over the last
month on discussions on social media yet
it's no longer on the list hmm meanwhile
other hashtags have now been restricted
by the Chinese government such as Wuhan
government owes an apology to dr. Lee
it's restricted searching for this
hashtag on Weibo now leads to no results
although although it was accessible when
when it originally came out Thursday
night immediately following Lee's death
it was fine but now they restricted it
the etherion blockchain solves this like
this video get this information out to
as many people as possible guys and hit
subscribe we drop a video every single
day keeping you informed on
cryptocurrency you do not want to miss
one all the rights again before we get
to some on chain analysis something you
should know is Weis ratings has again
upgraded Bitcoin to an a-minus ahead of
the having so actually they upgraded
Bitcoin to an a-minus last month it
stayed for this month and in a direct
quote the Weis crypto ratings for BTC is
now an a-minus meaning excellent thanks
to improving fundamentals and positive
price action ahead of bitcoins next
having now in comparison to where
Bitcoin some of these coins were last
year previously in late March 2019 Weis
ratings put XRP and Yosh right alongside
Bitcoin for crypto currencies that have
the best combination of adoption and
technology well now Bitcoin has a higher
grade than both of those other assets
with XRP standing at a b- and yose now
at a sea after a
downgrade for centralisation XR Pease
current rating is also lower than the a
it was assigned in March so take these
Weiss ratings for what you will if you
want to look up your specific coin I'm
gonna leave this link down below in the
description this is Weis crypto comm
Bitcoin a - aetherium a - ripple B -
Bitcoin sv comes in at a whopping d+ and
no yo spine as manera C's C+ check it
out link down below in the description
all right let's get to the good stuff
alright let's get to the good stuff
this breakout is the real deal
fundamental investment activity is
backing this 10k breakout and to support
this Willie Wu shared with us this chart
on chain investor activity I'm not a
financial adviser I'm just an average
guy that's very passionate about crypto
but let's read this together if you'll
notice there are two boxes one from June
2019 so last year in June July 2009 2019
that's when Bitcoin was surpassing 13k
going up to almost 14k / BTC and then
February 2020 this is where we are right
now as you can see on chain trend
reversal precedes the top so you'll
notice these trend lines they all
started showing momentum to the downside
before that happened before bitcoins
price topped out now if we go to where
we are today we can see that the
majority of these trends lot trend lines
they do look close but they have not
topped out yet so in Willie's minds
there's no chance of this being a top
interesting so are these two boxes
similar enough for you to spot a
matching trend you tell me I liked where
is this I liked I liked this Brad Mills
some guy says how are these two boxes
similar I believe you but I find it hard
to understand it then American Hodel one
of the best bitcoin trolls on Twitter
responded shut up and just let the
bullishness flow over you I like that I
like it if I can find I'm gonna be
searching for an interview with Willie
so we can get some on chain analysis
ought to back up some of this bullish
news so when I find it I'll bring it to
you but this is one piece of perspective
to consider next piece of news Hong Kong
now has its first licensed crypto lender
you always remember your first and Hong
Kong now has it crypto lending startup
pawn hub has just become Hong Kong's
first fully licensed and fully insured
crypto lender pawn hub also has offices
in Switzerland the UK Taiwan Thailand
and so this could be huge news as Hong
Kong joins The Fray pawn hubs foray into
crypto lending could be huge the crypto
lending industry has become one of the
fastest and most profitable sub sectors
of the overall crypto asset investment
climate for the last two years right
crypto lending platforms basically the
new banks you lend them your crypto you
might earn 6% a year or every company
has something different well now Hong
Kong is a fully licensed fully insured
one pawn hub was able to secure a
government license in Hong Kong as well
as announced that they will be
partnering with a leading US crypto
asset custody firm in order to offer
insurance of up to 100 million dollars
anywhere in the world to cover their
clients Bitcoin holdings so pawn hub
appears to be one of the legit ones Hong
Kong things so along with Switzerland
the UK Taiwan Thailand bullish news that
is the news for today by the way my name
is Austin like always see you tomorrow
you