Welcome back everybody to Altcoin Daily! The 
united states government per the sec has put   cryptocurrency under investigation in today's 
video i'm going to cool you into all the details   provide perspective context everything you need to 
know i also want to talk about the nft market and   even low-cap cryptocurrency gems if you appreciate 
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in cryptocurrency subscribe to the channel because   like i said we drop one video every day we're 
on a road to one million subscribers and with   that being said let's get into it uniswap labs 
is now under investigation by the united states   securities and exchange commission that's right 
the sec has reportedly launched a probe into   the developer team behind uniswap the largest 
decentralized crypto exchange in the industry   before i provide you with context before i provide 
you with the nuances with the perspective let's   get everybody on the same page what is uniswap 
well uniswap is a decentralized exchange protocol   that underpins the epitomous ethereum based 
exchange uniswap that allows anyone to swap   erc20 tokens without a middleman this exchange 
in exchanges like it does a lot of good you can   buy sell trade different tokens no middleman 
control your own keys there's a lot of benefits   to using uniswap that you don't get from anything 
in traditional finance and this is also you know   it's one of the major players in defy in 
general which seeks to replace centralized   middlemen in traditional financial products such 
as loans insurance derivatives with decentralized   non-custodial applications and uterswap is the 
blue chip does a lot of good well the sec is   investigating uniswap uniswap one of the most 
innovative and empowering tech projects to come   out of american teams in the last decade really 
the us should be giving hayden the founder a   medal instead he's being investigated we live in a 
financial prison think about it like this uniswap   is everything good about america tech leadership 
innovation massively successful produces massive   revenue everyone is happy with uniswap there 
are no complaints so the sec is not protecting   us they must be protecting someone else they must 
be protecting the legacy system let me know what   you think on this in the comments below so imagine 
you're a regulator looking at the vast wide world   of cryptocurrency you see the overt frauds the rug 
pulls the 2017 vaporware icos still pushing their   tokens the copy paste d5 projects pumping and 
dumping on centralized ethereum virtual machine   forks you see all of this and you think uniswap 
yeah i'll go after uniswap it's all theater   the goal is notches in their belt not consumer 
protection not good public policy big projects   means big headlines means media attention legit 
domestic projects with known leaders are just   easier to attack and shake down pursuing actual 
international crime now that would be work for the   sec well maybe the message is maybe the message 
they're trying to send is well if we can get   uniswap we can get anyone and that probably surely 
is the intent yes however the impact the impact is   that all of the upstanding people that a regulator 
should want to be building these technologies will   be dissuaded the market will be overtaken with 
anonymous devs who are completely unresponsive   to the regulators valid policy concerns they're 
not doing america any favors on this one and   the reality of all this is that you know really 
there is no universe in which the sec wouldn't   investigate a profound innovation like uniswap 
that it finally occurred this isn't interesting   what's interesting is number one whether the sec 
can form any legally coherent allegations and   number two whether such allegations can affect 
the uniswap protocol because remember and this   is critical write this down uniswap is the name 
for two things the centralized company uniswap   labs and the decentralized open source protocol 
unit swap the exchange the latter the protocol is   forkable immutable and answers only to its own 
code here's the thing guys we don't even know   at this point if this report is true or not it 
hasn't been confirmed it probably is true though   because it shouldn't surprise anybody if you've 
been subscribed to this channel you're aware   of chairman gensler's recent comments on defy he 
says we need to look into it we need to regulate   it it also shouldn't worry anybody too much at 
this point yet because keep this in mind this is   something you don't get with just the headlines an 
investigation is not an allegation of wrongdoing   it's just how the sec gathers information that's 
key and beyond that my friends the cat is out of   the bag already if you don't know how many dexes 
are built on top of block chains check this out   so this is just ethereum these are just all the 
exchanges decentralized exchanges on ethereum   uniswap makes just the most popular the biggest 
one but there's plenty more or how about any   other exchange binance smart chain these are all 
the dexes all the dexes all the dexes now i know   a lot of people in our audience have been on this 
cryptocurrency journey with us for quite some time   your old dogs in this space by now you probably 
know way more than gary gensler or the sec   so i'm curious to know what you think about all 
this and even if you're new to cryptocurrency   i'm curious to know what you think about the sec 
investigating uniswap just my personal opinion   it seems to me like the sec is moving at a 
snail's pace they're not even going after   the protocols or projects they should be going 
after the ones they have gone after in the past   couple years they've literally just given a slap 
on the wrist it's like they're throwing rocks   into an ocean or something i mean cryptocurrency 
d5 all of this is innovating at a lightning pace   and the sec just seems like they don't even know 
really what they're doing so again i'm curious   to know what you think on this in the comments 
below this is still a developing story so make   sure you subscribe to the channel because we will 
continue to keep you updated now let's talk about   a different aspect of cryptocurrency let's 
check in on the nft sector which is exploding   we're going through nft summer right sotheby's 
one of the most legit auction houses in the world   board apes bundle could fetch 18 million 
so sotheby's is auctioning they started   off auctioning crypto punks everybody 
thought that was like a one-time thing   or maybe they did beeple first but but anyways 
it's turned into just sotheby's nft auction house   auctioning off board apes yacht club nfts the 
107 tokens that are currently on auction these   are not all of the apes but just 107 of them come 
from a collection owned by the series creator yugo   labs the collection is expected to fetch up to 
18 million i mean just realize how quickly you   know this space is developing it was almost just 
one year ago when punk's crypto punks were going   for oh my god three hundred dollars almost four 
hundred dollars so much money well cut to today   crypto punk zombie sells for almost four million 
so i mean listen if you're new to cryptocurrency   dear friends who joined crypto and nfts this 
year i think this is something that we all learn   this is a welcome as part of your orientation get 
to know this chart this will apply for nfts this   will apply for bitcoin cryptocurrency in 
general pretty much all assets because   this isn't talking about one particular 
asset let's talk about human psychology   and at some point bitcoin will be up here 
at some point bitcoin will be down here   some point nfts will be up here at some point 
nfts will be down here now a lot of people think   that nfts are around here right now still other 
people think that maybe nfts are just around here   right now i tend to think maybe we're somewhere 
in the context of this cycle of course i think   there's more upside ahead of course nfts certain 
ones have been pumping pretty hard so again let   me know where you think the nft market is greed 
enthusiasm media tension or even cryptocurrency   in general in the comments below and let's get 
to some low-cap altcoin gem news let's talk   about a cryptocurrency protocol that's taking the 
decentralized finance space by storm a revolution   in defy asset management accessibility 
transparency security it's cook finance   and cook is a platform that brings together the 
world of decentralized finance and offers it up   as a carefully curated menu of funds so to put it 
simply we bring decentralized finance to everyone   to truly understand what cook protocol is check 
this out cook protocol is a trustless transparent   well incentivized cross-chain asset management 
platform that allows investors and fund managers   to manage their wealth through highly customized 
cross-chain investment portfolios we provide   investors with a wide variety of asset management 
services and fund managers with advanced trading   tools and highly liquidized funds giving these 
players access to leveraged diversification now   longtime subscribers of this channel will note we 
have talked about cook finance before especially   you know when they first started out they have had 
plenty of updates since we last talked about them   and cook finance is sponsoring today's videos so 
i'm going to clue you in on everything that's new   with these guys to finish this out we are setting 
out on a mission to bring finance to the masses   revolutionize the d5 space by focusing 
on the three pillars of interoperability   usability and capital efficiency to maximize 
both returns and utility to investors and fund   managers again just to put it simply 
we bring decentralized finance   to everyone now perhaps the biggest update since 
we last talked about these guys is their mainnet   has launched thrilled to share this news with the 
world it's been launched for quite some time now   so no worries check this out this is what 
it looks like now this is their mainnet now to go further on the improvements and 
upgrades improving the cook brand they developed   a new brand theme to make the platform easy to 
understand new brand logo to visually represent   what our platform does and a new brand website 
which you saw to easily explain our platform's   best features again link to cook.finance in 
the description check them out on the front   page you can learn all about them they introduced 
the new cook logo which is nice they have several   partnerships cook and cherry swap cherry swap 
and cook at cook we're constantly working on new   partnerships and integrations one of the latest 
we've just completed is cherry swap as we just   went over decentralized exchanges are pretty 
big deal they're not going away cook partners   with ok x chain's largest lending protocol 
archimedes so you know lending big part of defy   now beyond that i don't have the press release 
in front of me but i know that chain link they're   launching a new partnership and integration with 
chain link which is kind of a big deal and also   as we know nfts are a huge industry huge trend 
right now and going to get a lot bigger in the   future anyway nft launch upcoming new cooking 
themed nft game 5 program for the community so   they're getting into nfts and game five check 
out their website cook.finance and that's it   for me today my friends we went over dexes the 
sec investigating unit swap we went over nfts   and we went over cook finance let me know what 
you think in the comments below see you tomorrow

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