so the u.s. doesn't make these regulations for no good reason the f.c.c. will actually is there for because right now they're looking at the i see a landscape as a call back to the i.p.o. heyday which then led to the stock one of the biggest stock market crashes in 129 following the stock market crash in 1929 the f.t.c. was actually created in 1934 specifically for the sole purpose to prevent some sort of market manipulation like the i.p.o. crisis from ever happening again so now they're looking at crypto currency and i think this as a threat i see those are going unregulated unchecked and they're raising money from a lot of investors who have no idea what they're actually invested in which is why right now the f.c.c. is actually clamping down and they're making sure that they're more transparent about fund raising they're only raising some credit busters investors who actually know what block change and the technology is so that a lot of people can't go out there and just fraud do fraudulent behavior and raise money from mom and pop right right now broke the rest of the world on the other hand seems to be sort of letting us letting

a 1000 flowers bloom so to speak why is that well it's interesting as christine mentioned kind of the regulatory landscape that makes a deep dive for american regulators but countries like singapore and malta they're seen as proverbial sandboxes where anything goes and that means in a way they can give you an opportunity to do what you need to do and if you go too far they'll bring you back basically the opposite of what the us situation is now a consensus in new york city i actually caught up with polymath co-founder trevor cook bercow about the regulatory environment and their new platform pouty mesh which is intended to be more compliance friendly. so partnerships the is the base layer you know it's a protocol and we think it's really important to get that infrastructure set 1st you know a lot of the future of security tokens are going to be applications and issuers and tokens that live on this infrastructure but we're still in that early phase of kind of rolling up our sleeves and and laying the pipes for what's going to be a really robust ecosystem and one of the big parts is regulation and compliance and . we spoke about before here in the u.s.

compliance the regulation at the top what that's why you see the rest of the world . have a holding most of the i c o's. that how it's probably much going to differ in that regard we think of compliance and even components of compliance like identity as a core native feature of poly mesh it's not a secondary thought you know a lot of a lot of the top public chains today you know the top 20 you know projects they don't really think of identity as something that's important to do natively and what i mean by that is it's kind of an afterthought so it's like a wallet address and a human person and that's kind of not a super strong connection and what we're saying is let's let's rethink about. how we think about identity let's let's take that into the core architecture and when that happens we can really innovate around things like k.y. c.m.l. across your 6 fictional trading so you can have different jurisdictions with different securities laws still function with each other interface with each other

and we're excited about that and when we see like a full rollout of polymath you know right now we still have our main. layer to so so that's polymath and that is still functional if you want to do a security token when you're in a keep that going to be we're doubling down on that we have $120.00 security tokens that have watched on our platform and we're really excited about that growth it's been 2 orders of magnitude of growth since last last year on stage when we announce polymath and now with poly mesh what we're doing is ripping out our current infrastructure which is a theory and replacing it with a brand new purposeful architecture and for timelines right now we don't have a specific date but i'm we're very excited to move as quickly as we can to get analogy i like he uses his phone lines that's where the internet lived in the early days and why why phone lines well it was really one reason it was convenient it was built so it worked and when users got more demanding and performance demands you know went up it. time to rip out those phone lines and replace it with fiber you

know which is a purpose built custom solution for the not so we say the exact same thing happening in security tokens where we have this theory and base protocol which is great because it's it's right in front of us that works is convenient and now that our industry is maturing just like the internet it's time to use the new infrastructure that's what polling nationally and so to clarify just so i understand if area was there and it was purpose built for its own purpose and people started to use it to branch out on it and build out on it and now you're saying well now we can build our own we don't need it i mean not that we don't need it because that there is the baseline structure but that's how we could do work. you know fans and that's exactly right we think that. when it comes to the base layer of security tokens everyone's going to therion right now it's the main reason it's because that's what everyone's doing it's convenient but it's not us saying it's time for an upgrade it's our users it's our regulator partners it's our issuers they're coming to us saying it's not going to work we're not comfortable

watching on these like giant global permission let's walk change we need something new that's built for us and that was the inspiration behind. it and going back to the regulatory concerns to just matched it there i mean how how do you make how do we make a block chain that is regulatory and why it's friendly versus what we already have out there we're big believers that we don't need new rules for crypto we just got to fit into the existing framework that is exist today securities laws are actually pretty clear there's lots of case law and precedent so what we've done with poly mesh is say how can you give a tool box to all of our issuers all of our partners to help them be compliant and what does that look like it looks like transfer restrictions so only authorized token holders that are accredited for example or certain maximum amount of investors can hold the token at one time and we do that all programatic lee already and what we're doing is bringing that down to the base layer with the poly and we do fear though that that's what's going to happen i mean like here in the u.s. i see if you see i. so you just said

a week or 2 ago that they were talking about how it's time for clearing houses in the crypt ok i mean does that become a problem you know at 1st glance i think that's a little bit redundant in that defeats the purpose. of it i have to look at that announcement but i think you know we have to we have to reimagine. point doesn't really doesn't really help if we're just doing what linear improvements it's a completely architecture of wall street a lot of the infrastructure itself in the eighty's and now it's time for something new that's that's a purpose built for transactions and that's that's where i think the blocks are in this. shanghai based neo an open source nonprofit block chain project announced a new york block trying week the creation of neo 3.0 a new version of their block chain that will provide better infrastructure for the mass adoption of the platform meanwhile the company has made big strides as they opened a new office in seattle in april down with neil co-founder and c.e.o.

say about the expansion of their company. new is a public it's a 1st popular book originated from china but today it's already been a very international we have developers communities all around the world and it's known as the chinese the theory of how do you feel about that we don't like i don't like particularly like. the idea of saying we are the chinese the syrians but we are little we're similar we have small contract you can run your own you can build your software based. block. but we're very different design philosophy and other blocks very different our design philosophy is what i call the pragmatic idealism we share the same ideology we block supporters but we are more practical we want to be compatible with. conventional mainstream society. the legal system the financial system if we take

out all the other uses a block. for just a moment you kind of see that the user some of the early adopters besides those who were interested in the investment angle of it the early adopters were interested in the fact that it was a currency that it wasn't mainstream that was different i mean is that a concern when you're trying to bring this mainstream i think is there not because of it's our turn to have so they invest in this assets i think they are seeing the potential of this our tentative vehicle investment vehicle and i do believe that. will probably change the. paradigm of the internet so we are seeing we experience witnessing a new form of internet the traditional internet server client based centralized we are moving to a decentralized internet that controls their own data. that all the

protocols all the data silos will be inter operable with each other so we are in the shift of paradigm and we've heard this conversation about a decentralized internet for a decade probably longer than that in the mainstream we've heard about it for a decade. i mean how far away are we from an actual actual implementation of any sort of decentralized they were a list 5 years away at list the reason that we are talking decentralized internet for a long time but the reason we didn't see it is because we don't have the proper tools block the proper technology tool and also the into institutional tool to butte and decentralized the internet you know you guys are opening an office. but it was here in the u.s. in seattle i mean how big of a move is that for you to come from shanghai. to the west coast of the united states i think that's the trend of lot of chinese originated business they're not just doing their business in. annis they're not competing with chinese competitors

they're competing in the international stage so that's the same with us we started as a very small group. geek. there are 4 or 5 of us and now we have about 15 ploy. but the more important part is we have hundreds so maybe sauza of developers for all over the work that are contributing to this new protocol contribution to the new ecosystem there butin the protocol they're also getting those decentralized implications on top of. for more we turn to our own christiane christine joining us from los angeles kristie. there about the future of crypto crypto is increasingly viewed as a treated as separate asset class and as portfolios it's getting that standing now when only a couple years ago it was regarded almost as a worthless bad how and why is this shift happening. why i think it's really hard

to classify something as a fad when it has surpassed $200000000000.00 in market cap but it's actually really difficult to pinpoint exactly when the sentiment shift happened i think for most investors it actually happened when they started abusing cryptocurrency as a separate asset class and of itself because it's really actually hard to classify it has the upside profile of an equity it's not exactly a commodity even though it does have aspects of value storage it's not exactly a currency but it does have trades of f.x. in the fact that it's a hedge against currency inflation so they have like different profiles within all that spectrum so it's really difficult to label so now investors are increasing viewing this as a separate asset class that it's necessary to be part of a balanced portfolio because of the fact that the risk profile is so different and so right now the correlation again something like gold is actually quite high it's actually point 7 on the our scale if. if you look at the correlation between the

goal in low volatility times in the market however equity it's actually a very negative correlation and so this is actually really a very good head for most investors trading in the either the us equity or the asian equity markets the fact that crypto currency can be used during very volatile times in the stock market is actually a good way of balancing out the portfolio and so you can see in 2017 that there was actually a tremendous outflow from the u.s. equity markets into the cryptocurrency market because people saw this huge potential and then subsequently in 2018 we had one the 1st down years in the u.s. in over a decade so that's when you saw tremendous outflows of u.s. equity markets flow into the cryptocurrency market and you see that entire segment start getting built out you know turkey is still in the midst of a currency crisis and citizens soon to be taking things into their own heads tell us more about that. so right now turkey is still in crisis the lira is still falling it has fallen to a 6 month low against the us dollar and right now it has sustained

a 10 percent drop this year year to date in addition to the 28 percent that if l. against the us dollar in $28.00 team so given this the citizens are looking at their feet our currency and they look at this actually might be worth less tomorrow so they're putting more faith in something like big quiet which actually hold its value as a trade primarily against the u.s. dollar a much more stable our currency. great will anything inside their brand what would you take gone well i mean it's great i mean we've seen it like it like christie has mentioned to it we've seen it in africa where it's been big because the currency and banking systems and some of these nations are are so in such disarray that we kind of need to move forward digital currency that is worldwide really helps things out and there was a lot of examples turkey is just probably the biggest now but we're going to see more of this time now for a quick break we'll be here because when you return one of the great if you could get the best price possible one by. we catch up with rocky miller c.e.o. of good c.

on to discuss their crypto purchasing aggregator that they say can help you feel sure you buy at the right price plus we often focus on the crypto aspects of watching technology but the test itself has myriad applications are cheaper and divorced down with me killed shame to see you all over then to talk about the new frontier of personal life artificial intelligence on the block chain stay right there because we'll be back in a flash. all of the years i've talked to you about the inside. of the economy where we are becoming like the ecology of insects. and that's all enabled by this bybee enabled surveillance pretty cool right. the tense situation in venezuela is still all over the news the problem in venezuela is

not that socialism has been poorly implemented but that socialism has been only implement from the inside venezuela things move different we're going to announce sanctions against the venezuela associated. famous will have a son of a moment to. get out of that political battle to stay on the path to. a moment of focus the who story isn't new nixon called in henry kissinger to tell him that it would not be tolerated that in latin america. an alternative economic and social system could take hold and therefore the policy would be to make the chilean economy scream so wants to make the economy of venice when the screed. you know world

a big part of. this and conspiracy. to wait to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks.

welcome back to our special deep dive cryptocurrency show we are joined here by boom bust christiane and brant job or one of the biggest detriments to getting into the crypto game right now is actually buying the cryptocurrency series different types of digital wallets software downloads and even numerous exchanges and all the choices can be extremely daunting so kristie right now can you just give us the one to one how do people start trading cryptocurrency as. well there are actually 2 ways of trading up their currencies primarily the entire markets actually dominate by crypto to cut the transaction so this automatically assumes that you have a digital. currency that you can bank income or into a. from formica to current they are all trying if you will so right now the main

problem and the main headwind is actually getting the fi out currency to convert into crept on the 1st place so these data was they have massive k.y. c.m.l. in order to make sure that their clients are legitimate people and that there is no money laundering which i think is one of the main detriment and one of the main things that regulators are looking at because crypto currency could be used for money laundering and in fact and that's why this is actually one of the main problems that the entire industry is packing the feet to cryptocurrency transaction and is it getting any easier to get started kryptos. absolutely there are a lot of companies that are making this process more seamless coin this is one of the biggest ones and they are now in over a loving countries globally and they're making this super easy for consumers because they are actually partnered with a lot of credit cards and now you're actually able to start by buying crypto currencies using a credit card or pay pal so in that respect they're actually. mobilizing like a lot of people to actually get started right now u.s.

dollar is the primary currency trade against something like the coin but the korean one is right on its heels. right and there are a lot of new players joining the cryptocurrency market during confesses i was lucky enough to sit down with bit since the co-founder and c.e.o. rocky miller to talk about their new smarter rotman platform that aims to give you the best price win by any number of kryptos. just being the liquidity aggregator what that means is if you think about the crypto ecosystem there's over $200.00 exchanges and we aggregate the best of those exchanges and so our clients can come on our platform and whatever it is that they want to trade they want to buy because they want to buy a dodge coin car danno we will provide them the best pricing although any coin that they want to purchase the way that we're doing it is you know we've been doing a few interviews now and it's been called the kayak i was going to say it's like your video dot com. exactly so you go and we give you with full transparency preview. or you actually had to buy

a button will tell you what will it cost you all in with fees on any $1.00 of those exchanges that we connect to you can choose which exchange you want to trade but if you want to trust some of our algos which are designed to find you the best execution you can use one of our. algorithms i understand that's ok we're currently in beta we started a year ago myself and my my co-founder steve where from you know traditional finance we both were at morgan stanley goldman sachs working on equities derivatives and so our kind of jump into the rabbit hole of currency started a little over a year ago we started c.n.n. and we're trying to bring things that we've learned in our careers over the last 20 years into into this i mean how much of a difference are we seeing between those exchanges that makes that's a great question so when we're doing some analysis i mean at the peak of it you know there were like 800 dollars difference so you know like exchange in korea versus versus an exchange. or an exchange here in the u.s.

like like one base so this is the spread between the prices across the ecosystem could be very very wide whereas you know in the traditional markets people are used spreads and even now if you go into individual markets and you look at their order books you'll find that the spreads are are there they're not crossing each other but when you look across them you'll find that there's a lot of opportunities and definitely opportunities to find where you actually want to purchase or are selling you know your your assets and how do you feel like you know this is something always very interested in how do you feel the transition from the traditional investment world. going into the crypto world how has that transition i think its interests which is great i think for the crypto community it's a great validation you know when someone like j.p. morgan fidelity you know their trade comes in and says well we're going to. look at the space and not just look at it for an r. and d.

project but actually you know do something with it it's great invalidates the entire ecosystem personally i think the adoption will be slower because banks have with their whole infrastructure that they have spent in some cases you know 5060 years building and it's hard to take you know it's like think of it as moving from cables to fiber it takes a while to some of these infrastructure and put it into the well and if you you know you look at the traditional you have a lot of these companies that have hundreds of thousands of employees nationwide and so educating completely on what is going on in the corporate world which is a very complicated space at least right now but it. started by so but i don't know that it's that much. more difficult to understand traditional stock market or securities or and i don't think so i mean coming from that side of it it's more difficult i think there's whether people have the motivation appetite to learn and

i think initially maybe people dismissed it as a hobbyist you know type of ecosystem but it's you know it's gaining traction every time there's any strife now globally people are looking at as real you know digital gold is a phrase that you hear a lot and you know i think as the world gets more and more global this idea of a digital currency that is borderless you know starts to get a lot of a lot of eyeballs and a lot of use and you know capital markets will go where capitalism this is if this is a growing ecosystem you know people are sitting within these banks and looking at their growth strategies and i think at this point they would be a little amiss if they did not have a strategy on what they're doing with crypto what they're doing the block chain you know even at the strategic level in a lot of organizations so this is this is a start it takes it takes a while for people to get there but some great opportunities for. techs like us

coming in that are you know kind of pushing me on a lot and you know we hope in a couple years they'll be more and more people in this race. while cryptocurrency is or them are the most frequently discussed application of block chain the technology itself has many more uses that are just beginning to be developed and spoken consensus with. killed jane to talk about their breakthroughs and ai and what this could mean for many aspects of your life. because. i always like to get it. off yourself and my personal story is that i have young kids at home and whenever i travel which is a lot that they missed me a lot so i thought what if i had a copy back home a copy that looks like me it talks in my wife and my kids can interact with it anytime they want on demand so which is the inspiration of the company and now we have the technology which you can use to make your own avatar which looks like you

are props and your voice is a digital it was a nation and it's all made by how so how does that work how much information do i have to provide to get it to talk like me to answer like me and to make those moves in an ai version of bread the 1st thing you do is to make an avatar which looks like you take a selfie in about 3 seconds from your mobile phone. android your visual avatar is ready to go and then make your avatar speak in your voice you can give it some data for example you can speak a few sentences anywhere from like a couple of sentences to about 10 and your avatar is not talking in your voice it can be one scene in your voice as well and you can all start using it so we just announced a new app called news news in which we actually made an avatar. virtual push. that is reading news on demand through its audience so they use those in this

case the viewers are now interacting with the avatar and the news is being read to them and in the future they can ask the avatar questions such as we'd meet this kind of news and the avatar would read back to them so that's the most fundamental engagement between consumers and ai that we have enabled for the world's 1st time so are you trying to tell me that you try to put me out of business because now you don't need me just have a guy that can read the news this is actually 2 different ways of looking at it and one of the 1st ways that it's a very synergistic thing content is always needed the 2nd is that if you have your avatar and you have some content then hopefully you can utilize that avatar to actually make money if you're not working. that's it for this time we'd like to then boom bust spread job or of christianity joining us from l.a. you can catch us on a boom bust on you tube dot com slash boom bust r t c next time.

this is a story about what happens auster a stray bullet kills a young girl in the street. what happens to her family and daughters and. the mother daughter is there he's innocent and terry it really messes with your head what happens to the community the public was screaming for a scapegoat the police need is a scapegoat so why not choose a 19 year old black kid with a criminal record who better to plan this than him and what happens in court to be . shot after shot as far as i feel. we don't know she'll share this. scruple. the end of this trial

unfortunately due to the will still love no children. and. so what we've got to do is identify the threats that we have it's crazy for him to let it be an arms race on all sides very dramatic developments only mostly i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. lake says and see if forms part of a high altitude nature reserve. it's one of the

famous chito room internees years principle which a way starts its journey. but if you come down the sun down to the top to bottom i've got a septic tanks up. it runs 300 kilometers from source to mouth and there are over $200.00 industrial facilities ranged along its bangs. i'm out on your muscle. but. you do 3 things. i don't like to follow them and to be in. the room here again scuba 4000 rice fields and supplies drinking water to 25000000 people. that come on clean yes or so made by so many of us about us a member of our people me yet. headline

stories this hour. production of low enriched uranium tensions with the u.s. role in the new clear deal. also ahead this hour. in the car of be a nation where the government is being accused of links to a must occur in the capital last november. switch to get rich the u.s. tries to tempt countries with. its weapons instead of hardware from rivals like russia or china.