Home Trends Ripple Big Change, MEDIA INVESTIGATION of SEC, XRP Correction, Facebook Softbank Twitter 100% DeFi

Ripple Big Change, MEDIA INVESTIGATION of SEC, XRP Correction, Facebook Softbank Twitter 100% DeFi

by smart

[Music] yes hey hey everybody it’s eddie from tokyo this is your cryptocurrency update from japan this is going to be a quick one because i’ve got some place i’ve got to go but there are some stories we want to look at i’m sorry for yesterday’s crackling on my video i had to use a backup software because my loom was down i am back on track now so hopefully this one is nice and crystal clear all right we’re looking at attorney jim jimmy james filing here he alerted the twitter sphere about five hours ago that the hinman deposition is going to be postponed to july 27th the parties have made substantial progress in narrowing and resolving the privileged issues and they will continue to confer the letter which is very short and sweet just two pages with the letterhead coming from kellogg hanson todd feigel and frederic this is the council for ripple labs and it states that with the court’s permission they propose to notify the court by 5 pm on monday the 19th of the progress so it does state there is substantial project progress that is good and they have to resolve this privilege issue this is all about what can be protected from being disclosed i think they’re on track and then the uh attorney john deaton he had a really good share today this is an up seeking alpha article it talks about what the heck was happening at the clayton sec time for some answers yeah this is all about the former u.s securities and exchange commission chairman jay clayton who stalled u.s cryptocurrency and blockchain innovation during his tenure and then being linked to simpson thatcher a company with proven links to the chinese communist party he thinks it’s time to connect some dots because stalling enabled china to race out in front and now with keeping everyone guessing on the rules and then picking clear winners and losers among the biggest coins it looks very intentional and then you come down to hinman who when he resigned from simpson thatcher they still paid him 15 million dollars while he served as a senior sec official and it just so happens that the simpson thatcher supports the cryptocurrency ethereum as a board member of the ethereum enterprise alliance it’s bad it’s really bad and then hinman publicly declared ethereum was not a security one thing clear is hinman had personal financial interest in the actions he took at the sec and this is why the deposition is being uh put up as one that everyone is paying attention to and there is just a lot to be said and you know we just need to get down to really a little bit more investigation here because they’ve crashed the price of xrp and they uh you know went on for seven years before they said it was an unregistered security and it happened just you know a week after clayton left he was then given this senior position at a hedge fund that is clearly going to benefit from ethereum and hinman now is back at simpson thatcher and in the meantime china has rolled out its own sovereign digital currency the digital yuan a means by which it intends to use to gain a competitive advantage advantage over western crypto innovators like ripple and it was activated on alipay in may while ripple is being consumed with this lawsuit in the southern district of new york i really hope that the people that john deaton tagged in this share or will bring a little bit more work towards investigating and covering this because it deserves it for sure and then it looks like according to james rule xrp that the sec had had enough of the sec underscore news and so they they totally deleted that account and they have come up with a new one at sec gov so definitely be sure to tag them with their new handle to let them know that the xrp community is still around and then bitboy well we really want to still help him he’s he’s he’s given it his best go but he should know that just reading headlines isn’t necessarily what you can do to be a good informant on what’s going on in this space and he did have xrp up on his last video with the agenda to talk about unfortunately he used an article that was written on youtube by you today and it was incorrect because they mixed up softbank and sbi they are two totally different entities and let me just explain to you what some people get mixed up okay mr yoshi takakitao went to he he went to college here at ko university but then went on for a higher degree in london in england and then when he returned he got a job with nomura securities and from nomura he was recruited from softbank and he became their cfo at softbank and then soon after he worked there he was given some investment capital from softbank to start sbi and then shortly after that uh when he did launch in 1999 i believe was the year he paid back that investment and went completely separate from softbank so this is where i think people are confused it they don’t have anything to do with each other anymore and i did use the examples like mixing up sony and samsung and those two entities even do a lot of combined investments together in certain projects but if you really pay attention to soft bank and sbi now they are nicely nicely professionally fiercely competitive they are not one in the same they do compete very much in this space and you just have to keep you can really you can catch a lot of what is going on if you uh read mr kitau’s diary which he does update a couple of times every month and so he often cites this nice competitiveness between the two companies so anyway that is not correct that article that you today wrote and and i hope everyone now is a little bit more clear on sbi and softbank and they did though however covered the siam commercial bank uh news with the infomercial that came out promoting ripple net and the bank of thailand which is the central bank they have allowed this technology to leave the sandbox and now the uh the app which is called s cb easy pay is in 12 countries they’ve got uh five currencies yeah it’s good so i’m i’m really happy that they covered this but what i found today when i was looking for things that are going on in the space that story really got traction and it’s being covered in china and i’m being called an activist no thank you i don’t want to be an activist in the eyes of the chinese media no thank you but i will tell you that the softbank group is really aggressive like i said and they are putting a lot of money 75 million in an investment into the bullish exchange you may not understand bullish is the name of the exchange and it is being led by a ceo that is the former new york stock exchange president so what i’m telling you is that this is going to be an example of d5 and c5 decentralized and centralized finance a platform that’s going to come together but it is an example of how this decentralized finance is just exploding and the reason why this is important is because it’s going to really bridge the traditional finance and the cryptocurrency finance and we are no longer that’s mikko she’s got a new scratch pad we are no longer going to uh in my opinion focus on these individual projects anymore no it’s not going to be just all focus on bitcoin are all focused on ethereum it’s going to be how the liquidity within all of these projects are going to power the next generation of our financial instruments that is why flair finance is going to be so successful because they are pulling all that power together they’re going to unleash it and it is going to be a monster i’m telling you so there is a lot of people chasing this space we’ve got dorsey here this is jack dorsey he is of course with twitter he is taking square and they’re going to build a decentralized finance business using bitcoin and then we have this with uh facebook’s dm this is going to be pontum they’re going to use polka dot to connect diem with d5 this is huge this is really huge everyone i want also for everyone who is going to be able to keep up with this progress you’re going to want to look at quantum uh how they are going to deploy these nodes on kusama so definitely research kusama because it is the polka dots canary network this is something every xrp community member needs to study and last but not least i’m going to talk just briefly about nfts because jay cassano he’s the ceo of cointelegraph he got back to me today if you remember yesterday i thought that the one image was so powerful especially if they could make it sparkle and turn and look cool and turn it into an nft it would totally commemorate this fact that hinman has to sit for the deposition and i said to myself i want that image to to kind of commemorate this big win that ripple had it with the uh courts and so he got back to me and he said you know we actually did experiment a little bit with nfts and their illustrator this is from this is from december and they did put up as nft some of those images this is one and they used a wrapped ethereum to do it this image which is called the birth of crypto sold for 945 dollars pretty cool stuff yes so maybe they’ll revisit again i hope that they contact the sparkles nft platform to do something that would be a great collaboration and just to remind you that this contest which is the sparkles emoji contest it ends at 5 p.m eastern standard time on the 17th which is depending on where your time zone is i’m already uh 12 30 on the 17th and i need to just move it to the fluff because i have to go somewhere and i gotta leave like in 20 minutes if i’m gonna be on time and i thought i would share with you something that’s really big in japan and this is the naomi’s osaka barbie doll i don’t know i she’s she’s very popular here because her mom is japanese and um she’s she’s she’s she’s just she’s well-liked and she’s followed but this is the weirdest i this is the weirdest thing with the knee joints and the elbow joints i just can’t quite get past the joints on this i think everything else is great but maybe they were trying to make it so it had some extra mobility to do some action moves and action stance and i don’t know i just think this is this is mattel right i never was big into dolls to tell you the truth i always was big into other things but uh i’m not sure if i was barbie doll age i would like these joints i don’t know okay okay get off on that i will tell you that there is a company here called the matcha republic which is an online store it’s super great all of their products are made with green tea and here this is their newest invention which i think is very very clever it’s a matcha drink but it looks like an ink bottle right but it’s not it’s just about it’s a little expensive about six dollars a bottle but i thought it was very clever marketing and they do these pop-up shops they just kind of pop up everywhere around the city when they have a new product so this is their new pop-up shop shop with their new matcha drink in the form of an ink bottle i like it creative all right everybody do take care sayonara for now bye bye


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Ripple Big Change, MEDIA INVESTIGATION of SEC, XRP Correction, Facebook Softbank Twitter 100% DeFi
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