talks about satoshi nakamoto's innovatio new technology meaning bitcoin has raised the possibility of reduced reliance on centralized intermediaries here is about a 60 second clip just so you can get a taste of what is happening globally right now watch this digital assets have grown explosively reaching a market cap of 3 trillion last november from 14 billion just five years prior digital assets may be relatively new but they're part of a larger trend the digitization of finance that's been in the making for decades most recently new technology has raised the possibility of reduced alliance reliance.
a person or group of individuals using the pseudonym satoshi nakamoto suggested a decentralised peer-to-peer system for making and processing payments in 2008 in response to centralised middlemen like as banks and credit card firms The bitcoin white paper proposed a novel method for validating transactions using cryptography that addressed the so-called double spend problem wow very very cool to see our biggest detractors at one point now become our strongest educators as I get more information I will make an article and I will continue to keep you updated let's move on and talk about who is buying.
well breaking news the luna foundation again adds another 100 million dollars in bitcoin to their ust stablecoi reserves so they just took another 10 million dollars of bitcoin off the market and in total they own now 42 410 bitcoin in their wallet making their wallet the 19th largest in total bitcoin holdings so they are not deterred by the dip in fact as bitcoin dips lower o just sort of bounces aroun they continue to buy next up let's talk altcoins let's star with ethereum the ethereum merge is no longer expecte in june so it's been delayed according to ethereum core developer tim.
baco the network's much anticipated shift to proof of stake might not come until the fall after a few weeks of speculation ethereum core developer tim bac confirmed in a tweets tuesday that tlong-awaited ethereum merge will come later than expected instead of june bako said that the network's transition to proof-of-stake is more likely to come in the few months after in fact here was that exact tweet it won't be june but likely in the few months after no firm date yet but we're definitely in the final chapter of proof-of-work on ethereum so give me your thoughts on this down belo true ogs in the space kind of expectedthis ethereum has pushed eth 2.0 backover and over and over again.
and by the way if you're wondering wha happens during the merge what you need to know what changes for ethereum besides just proof of stake i encourage you to check out this interview down here i will link it down below everything you need to know for the
upcoming merge whenever that is and next piece of quick news for polygonmati c polygon commits to going carbon neutral this year in 2022 the polygon network announced on tuesday its commitment to going carbon neutral and climate positive this year by releasing their green manifesto a smart contract with planet earth.
they also made a 20 million pledge to offset their carbon footprints and buy extra credits to eventually become carbon negativ so if you like polygon you like this and if you're asking why are they doing this well according to the company the green manifesto places freedom
at the center of the web 3 ethos and climate change as the biggest threat to that liberty going carbon neutral means that every non-fungible token minted token bridged or decentralized finance trade defy trade made on polygon will be accounted for and its environmental impact will be offset okay interesting so maybe polygon wil be known as the green chain we will see we will see and if you're asking how do they plan to do this.
i mean how will they know if they're truly quote unquote green or not polygon is collaborating with climadow an organization of developers that provides on-chain carbon offsetting technology as well as offsetra which provides polygon with an analysis tool that
gauges the network's carbon intensity so this is how they'll manage it this is how they'll gauge it and polygon clearly thinking forward in to the future i'll keep you updated and next piece of very quick news involving xrp and i do mean very quick because i do want to get to
lower cap altcoins but first up ripple has just scored a very big win in the sec case so just as a reminder regarding timeline the sec filed the lawsuit back in 2020 against ripple as well as their executives brad garlinghouse and chris larson for selling unregistered securities that was back in 2020 well today presiding judge sarah netburn denied the sec's request.
to reconsider shielding documents under privilege related to a june 2018 2018 speech made by ripple's then director and former sec employee william hinman in the speech hinman said both btc and ethereum are not securities now the sec originally said we don't care if you use that that speech those documents in the case because that's hinman's personal views not ripple's policies they said hey it's just his personal opinion why that doesn't solve anything well then the sec sort of changed their mind the sec subsequently changed attack to argue the speech did reflect ripple's policies rather than hinman's personal views and should be shielded so the sec wanted the judge to not allow use of that speech those documents well then judge netburn said the sec should not contradict itself in trying to flip-flop on its assertions the sec seeks to have it both ways but.
the speech was either intended to reflect agency policy or it was not having insisted that it reflected hinman's personal views originally the sec cannot now reject its own position meaning that the document stays in the speech for better or for worse for ripple can now stay in the case if you hold xrp i will keep you updated and by the way if you're looking for literally the cheapest place to buy cryptocurrency check out sponsor of the channel the ftx app literally zero fees check out our link down below and slash or use code
altcoin daily and earn a free coin every time you trade at least ten dollars worth of crypto link down below take advantage now moving forward if you want to stay private that's why we have the moneros the z cashes the tornado cache for the ethereum network ronin
exploiter meanin axe infiniti's sidechain ronin exploiter moved over 21 000 ethereum to tornado cache in this past week for those who may not know what is tornado cash tornado enhances the privacy of transactions by breaking the on-chain link between a source and the destination address this allows exploiters and hackers to mask their addresses while
withdrawingillicitly gained funds so while many people will attack bitcoin or ethereum as what criminals like to use in actuality it's the tornado cachesor moneros which is actually used by criminals but either way i will keep you updated and next piece of big news for protocol breeder dao breeder dao is thrilled to announce thatwe formed official partnerships with over 20 unique blockchain games we arehonored to work together with these and.
grow the space together so for those who may not know breeder dao is working it's like a guild in the metaverse working with nft projects and gaming projects aiming to be the factory of the metaverse and now they have over 20 partnerships some of the names i
recognize are big time gaming studios that's huge block lords um axey infinity of course wonder hero and much more so it's cool to see the integration and in terms of what this means what do these partnership models means all of breeder dao's blockchain gaming partnerships fall into one of tw classifications assets in production or game investments which basically means are we investingin the underlying nfts in xd infinity.
in these games or also game investments did we take place in the early sales so do we own the underlying token cool to see the progress cool to see some of these name brands i will keep you updated all right that is the artecle my name is austin like always see you tomorrow;
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