BIG CRYPTO NEWS TODAY 

BIG CRYPTO NEWS TODAY

  we have some massive cryptocurrency news to talk about in the market today so in the market today we're talking about terror buying up how many thousands worth of bitcoin wouldn't be talking about quantum computers can they potentially hack crypto in the future we'll talk about that we're also going to be talking about the visa you know what is visa up to in the crypto space.

 is there some big bullish news about that we're talking about the ronin hacker too what is this person up to and now we're also gonna be talking about caesar finance what is he up to in the crypto space and also we'll be talking about the crypto prices today and where they can go in the future so if that sounds good to you guys make sure to hit the thumbs up button if you guys are new to the channel make sure to subscribe if you guys want a shout out in the next crypto news update?

 make sure to drop a  lightning bolt in the comment section below so today's shout-outs go to fantastic right there dale rogers and shout out to Gregory becker and if you guys want a shout out make sure to drop a lightning bolt in the comment section below and that guys let's get straight into today's video and uh I want to give you guys a massive update so tara luna has bought another  2943 bitcoin worth 140 million dollars so this is pretty exciting guys so tara luna continues to build up more and more reserves in bitcoin  2943 bitcoins amounting to about 140  million dollars.

 so these guys are mega  whales in the crypto market right now  they are also planning to become the  biggest bitcoin holder in the world so  currently the biggest bitcoin holder in  the world uh is satoshi Nakamoto so  there is a wallet out there with a  million bitcoin in it that is my  understanding and no one knows what  happened to the owner of  that wallet Satoshi Nakamoto is in japan  somewhere we're not exactly sure but he  owns a lot of bitcoin but tara luna is  also looking to buy up a ton of bitcoin  so this is going to bring more stability  to that cryptocurrency, uh strengthening  their decentralized money in their  crypto ecosystem too,

 and they say right  here we plan to be everywhere where  there are developers and users so they  are focused on you know utilization  where customers are and also where  developers are going to be so the   terra luna ecosystem is a massive  one to watch out for so if these guys  continue to accumulate more bitcoin add  it into their reserves uh that is  massively exciting for that  cryptocurrency so congratulations to  anyone who holds some terror and I am  bullish on that crypto in the future and  guys we do have a big update as well  about quantum computers and experts from  MIT say right here,

 quantum computers are many years away from cracking crypto so you guys know there are private keys in crypto public keys and uh you know there are big strings of text as well and uh you know there is a bit of a fear that you know one-day quantum computers very powerful computers could one day crack some of those codes and get into wallets and uh right here quantum security is seen as a major issue in the blockchain and crypto sector and is as it is widely believed that powerful quantum computers will one day become advanced enough to hack current cryptography that could result in the theft of billions of dollars worth of digital assets or bring blockchain tech to a grinding halt.

 there  are numerous projects devoted to  developing quantum-proof cryptography  and blockchains so this is definitely a  risk in the crypto space at the moment  I'd classify it as a minor risk but so  because the technology isn't currently  there and we are seeing evidence of that  from this article here so we have  physicists talking about it and they say  right here you know cracking  cryptography is currently well beyond  the grasp of current computing power and  they also say here the most advanced  quantum computers today have dozens of d  cohering or noisy physical qubits  building

 a quantum computer that could crack RSA codes out of such components would require many millions if not billions of qubits so what's the key takeaway from this article guys I  think we're good in the crypto space for now but uh quantum computers are a risk it's futuristic uh but that is one element of risk in the crypto space but I'm not worried about it currently in the market based on today's evidence but I wanted to bring you guys an update right there.

 and guys we have a big update as well coming out of visa so visa launches immersion program to help creators build their business with nfts the visa creator program is the latest in a string of initiatives that visa carried out as it targets the digital creator economy so you guys know visa one of the biggest payment processes in the world what's happening with them they understand if they don't go into cryptocurrency they don't go into nfts right now build up these types of programs they will be left in the dust because crypto is the future crypto is freedom and they are getting into the loft space.

 so what are we seeing guys we are seeing some big signals of mass adoption from mega-companies into the cryptocurrency market so another bullish long-term signal for the crypto market right here also guys let's do an update about the ronin hacker so yesterday we talked we spoke about this hacker who stole  625 million dollars worth of cryptocurrency but you know once you have crypto once you have stolen it is very traceable.

 so cashing out isn't easy so if this person whoever hacks it you know tries to move it around uh using different protocols hiding it you know eventually the feds could tie it to an identifiable person this is why there are KYC processors on crypto exchanges to you know get people's identity up to get the bad guys generally so it's always about getting the bad actors in the crypto space but it is very difficult for them to actually you know cash out these funds.

 so they have robbed a lot of people of a lot of money currently uh but to actually get away with the crime is a lot more difficult and guys we do have some important updates from CZ over on Twitter so I  wanted to point out this one I saw this one posted on Twitter and uh it's from spidey Elon fan right here and he's actually done a retweet of this and has a look at this diagram right here currency costs bitcoin and the rest.

 the economic cost of bitcoin look how low it is in comparison to the banking system in comparison to gold mining in comparison to paper currency and minting so bitcoin mining right here costs you know 0.4 billion USD look at the global fiat banking system guys that is  1870 billion dollars that is a massive cost right there and also if you look at the co2 emissions so we do know a lot of governments that focus on green energy reducing co2 emissions and look at this bitcoin mining is uh lower than the banking fiat system so the banking fiat system is clocking up  390 millions of metric tons with about  co2 emissions bitcoin is only clocking up 89 right there.

 and look at the energy as well so the energy used millions of kilojoules and the banking system again uh you know they're up to 2340  million gigajoules right there bitcoin mining is up to 540. gold is up to 500.  uh, but what does it say guys it says you know a lot of the fun should be on the legacy financial system the legacy banking system where's the fund where's the fud for that it's non-existent but again what is this is some good knowledge and education for you right here.

 so some smart education happening from Czech over on Twitter and he's also tweeted out in regards to that big hack we just spoke about right here also crypto is terrible for avoiding sanctions for a simple reason it is traceable cash, on the other hand, is uh very traceable so he's talking about sanctions but it also does apply to criminal acts too so if you rob a  bank and you get away with fiat cash you can uh wash and launder that cash pretty easily you know trying to get away with a big exploit on crypto trying to get away with crypto exploits and hacks that is a different story altogether.

 with that let's check out the crypto prices today let's check out the fear and greed index so the fear and greed index is sitting around 52 so one today in the market and uh what are the crypto prices up to so bitcoin remaining relatively steady at around the 47 000  level so this is nice consolidation uh we are seeing in the crypto space but we still want to see bitcoin go up to 50  000  Ethereum looking good bnb looking good, uh xrp looking good Celina having a nice run in the last 24 hours up 9.2 so I do like Celina the cryptocurrency terror looking pretty hot above a hundred dollars avalanche up six point nine percent.

 shiba inu looking good as well so up to two percent on the day and uh a  coin is up nicely as well five percent up in the last 24 hours so guys crypto prices they're looking good today I  think in the long run is where a lot of wealth can be created after cryptocurrency so again if you do take a  long-term view of bitcoin it does right now look like it is on some bullish momentum upwards looking at that price graph right now so we on the next leg upwards in the crypto space.

 if you have a look at these price numbers right here bitcoins last all-time high around you know the sixty-seven thousand sixty-nine thousand dollar level uh but again are we on some bullish momentum upwards let's hope so I think we can if we do dip down in price guys I'm not worried about that because again the next leg up in bitcoin it could surpass its all-time high and what's that going to do for your crypto portfolio it's going to bring up the price of bitcoin but it's also going to bring up the price of other altcoins on the market so we do love to see you know bitcoin to be a  winner in the crypto space because that's a massive wrap on the market.

  thank you for joining us