Of the layer once Q2 2023 a little update for you as cardano brings mithril to mainnet a very big upgrade what is up everybody Welcome to crypto Capital Venture please hit the Subscribe right now if you’re not a subscriber hit that like button and let’s just jump into it The financial Innovation and technology for the 21st century act has been introduced could they made that any longer as other counties move forward with digital asset regulatory Frameworks and chair Gensler continues his regulation by enforcement the U.S is falling behind innovators need regulatory Clarity and certainty to enable this technology to achieve its Full potential I don’t know if it’s going to pass but can I just say something I’m so happy that there’s people that are just saying these things and I saw John Deaton he’s a he’s on Twitter very popular crypto lawyer giving insights into xrp he actually just I saw a Comment I don’t have it up but he basically said let’s wait until we see the details because there might be some things in here we don’t like right so I want to say that right off the bat Eleanor over here also said for those wondering the bill that was introduced in June was Just a discussion draft ideas put forward what was introduced today is the latest version that’s been signed as a bill number and will be marked up next week so we’re gonna find out Chris also I want to clear this up there might be some of you out there that might have seen this For your information for the already Brewing fud about 10 limits this is for Private Sales Direct from the project does not apply to exchange buy so people are seeing 10 of sales I can only use 10 of my of my yearly income to buy crypto that’s crazy but that applies only to Private Sales right so it’s not if you’re going on a crypto exchange just buying crypto like most of us are doing doesn’t apply to that wanted to make note of that so there’s two things that really stuck out to me I tweeted about earlier that is this section 15h defines the Term digital asset issuer and includes provision stating that a digital asset sold or transferred pursuant to an investment contract does not become a security solely as a result of that transaction and then number two especially for me as a cardano stake pool operator section 15h also states That a person shall not be subject to the ACT and its regulations solely based on undertake undertaking ancillary activities related to a blockchain system such as being a node operator so those two things alone and and the thing was long there’s a lot going on in there I didn’t have Time to go read through and there’s probably going to be a lot smarter people kind of making Twitter threads about this but these are two things I did go through they stuck out to me I’ll put a link to the bill in the in the description if you want to check it out One thing to note the bill will likely face pushback and that’s the thing will it pass is the question it will likely face pushback from house Democrats many of whom have argued that the SEC should have a larger role than the bill currence currently allocates what a surprise but we’re gonna see What I mean we already know someone like Maxine Waters her reaction to this right so there’s going to be people trying to block this it really is there is there is an Elizabeth Warren anti-crypto Army they’re there they’re real and they’re fighting every step of the way I will Just end this segment this part of the segment with a quote from Paul graywall the infamous Chief legal officer coinbase if we want to be taken seriously as a nation we have to act seriously as a nation tell it this legislation would finally put the U.S into the global conversation On digital asset regulation Congress should enact this without delay can’t I couldn’t I just could not agree anymore let’s pivot over to layer ones what’s going on with layer ones and Q2 I’ll tell you right off the bat eth outperformed ALT level ALT level one tokens ALT level one tokens cardano defy Growth we’re gonna cover that but real quick I want to just mention why did why did eth outperform like crazy eth Market increased three percent quarter of a quarter compared to an average decline of 23 percent for other featured L1 market caps this is because the SEC their complaints and also the ETF Filings but the complaints from the SEC driving something like Ada down look at this chart you can just see uh that huge mess of just fall eight is in there other altcoins are in there right and ethereum just kind of chilling through the volatility because not at all part of that fear Uncertainty and doubt situation relating to cardano though check this out this is huge and we’re going to talk about mithril mithril coming to mainnet what it means cardano LED featured l1s in Cordova quarter growth rates of D5 total value locked Dex volume stablecoin market cap there’s so many people that are just Simply saying cardano is just like not doing anything it’s literally on chain outperforming in terms of defy total value locked Dex volume and stable coin market cap growth was driven by newer protocols Indie protocol liquid Finance bifi official and just look at this I mean we go over here to The cardano Chart or not the Cardona chart but the cardano defy Lama check this out this is one month change this is one month over here look at this Wi-Fi 30 percent liquid 40 percent Indigo number two total value locked 26 percent Builders are building Innovation is happening on cardano if you’re ever Feeling bearish I mean this is what I do if if you’re just like man what is going on with this stinking crypto winter what’s going on I go over here to the to the total Valley locks and I look at the chart I remind myself fundamentals are incredibly strong right now so much Stronger than four years ago when Ada was even in a worse position than it is right now that’s what I do as a long-term thinker I need to remind myself of these things but that’s what Aid is looking like on the total value locked and it’s it’s shining everybody’s Outperforming in regards to certain on-chain metrics like this right so here we go cardano begins countdown to myth remain that release want to just make a note of something and then we’re going to talk about really the simple bullet points the design of mithril has been got ongoing For many months now with iohk given regular updates about its progress in its weekly report bithral has been in the beta stage with its proof of concept released in August 2022 the Mithra protocol is now in its final testing stages and is ready for mainnet we talk About this I share this all the time I can I’ll continue to do it I think we’ll be at an all-time high with cardano once again with Ada and I’ll still show this chart because it’s such a big part of just my crypto Journey not just cardano but my Crypto journey in general remember just tracking all of these things that have been happening and waiting for things like fossil hard for the Alonso hard Fork it’s smart contracts just waiting for it tracking Aida and the last bull cycle multi-asset Ledger with Mary now we have just these upgrades it continued To come cardano continues to build solving this this trilemma scalability security decentralization every move that cordano makes in terms of fundamental building happening it’s playing into this story this Foundation is being built right now so when we see this insane just price decrease as fundamentals and and even things like on Team metrics total violoc D5 coming online we see all these things coming together at just like bear Market lows you can’t and there’s no guarantees everybody Ada Ada could fail I could lose there’s risk I get all that and I I can’t highlight that enough but you can’t find a better situation to Be in if you’re looking for some type of opportunity that’s at least how I see it and that’s that’s why I’m here that’s why I’m here still tracking it still still waiting for this next cycle to shift and we have time still right this is a very normal move that’s happening Right now in Ada but going over here to some bullet points on mithril it’s coming to cardano mainnet what is it stake based signature scheme and protocol developed to take the speed and efficiency of node syncing on the Cardinal Network to the next level I like that speed and efficiency to the Next level supercharged node syncing faster more efficient boosting the overall overall performance of cardano network streamlined operations this is creating an environment where Builders can build we look at these these protocols right we look at uh the three that we just mentioned WiFi liquid Indigo they’re building making an Environment even better for them to continue doing that streamlined operations decentralized governance playing into the governance feature of cardano blockchain solving that trilemma stake-based voting applications and governance Solutions empowering decentralized decision making and then a roadmap for Success so important to note after the main net release it will undergo further Iterations leading to a fully decentralized and self-sustaining mithral ecosystem so every technical Milestone and and though too a lot of us like from for me for instance I’m not an engineer right I don’t I don’t dig into the depths of what’s Happening Here technically I try To understand it at a base layer because it’s important but every single Milestone that’s happening with these things right it’s so important for me as somebody that’s in the community someone understanding what what cardano is trying to build and also as a value investor someone’s just kind of tracking The charts trying to see are we on track is the project on track when these things happen it’s a big deal for me so I wanted to cover that in this video and we’ll continue tracking all the Milestones that ADA hits and this this chart I mean we’ve been here for years Tracking everything that’s going on the chart just getting started everybody and you know we got to give it time obviously but the macro cycle of crypto in general I think is looking good but that’s just my opinion this whole entire thing that’s all my opinion this is how I see it everybody I appreciate you I really do I hope you’re having a great week a good night if you’re not a subscriber please hit that subscribe right now what are you waiting for and turn those notifications on if you if you don’t have them on I will see you All in the next video God bless A critical crypto bill aiming to provide regulatory clarity and certainty for digital assets in the US is finally signed and on its way to the US House of Representatives.🇺🇸 Its passage is uncertain, as it will likely face pushback from House Democrats.We also cover the performance of layer-one tokens in Q2, with #Ethereum outperforming other tokens due to SEC complaints and ETF filings.⚡️However, #Cardano outperforms Defi in Q2 and Cardano’s Mithril protocol is set to be released on the main net, bringing speed and efficiency to node sinking on the Cardano network, along with decentralized governance features.
We continue to track Cardano’s progress and milestones in the crypto space.
https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=7672 https://blockworks.co/news/republicans-crypto-market-structure-bill https://u.today/cardano-begins-countdown-to-mithril-mainnet-release-why-mithril https://iohk.io/en/blog/posts/2023/07/20/mithril-nears-mainnet-release/ 📈 Get my CCV Smart Wave Indicator & All Chart Prime Indicators https://chartprime.com/ccv Subscribe, Like, Follow me www.twitter.com/cryptorecruitr Join this channel to get access to perks: https://www.youtube.com/channel/UCnMku7J_UtwlcSfZlIuQ3Kw/join Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ ⚡ Catch Me On Twitter ⚡ https://twitter.com/cryptorecruitr Crypto Capital Venture New – Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano.Any return that the protocol disburses to you is decided by the protocol.You are not investing your Cardano with Crypto Capital Venture.
Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof.Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism.All staking percentage rates and all rules and parameters are decided by the Cardano protocol.*The above video references an opinion and is for news/information and entertainment purposes only.It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities.Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice.
The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor.This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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