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Hak-Kun Hyun Baek ⚑
27217093e83ec6289df7562811e01af5f7966870b88fad9169e7bf10c434fdda
Interested in economics, politics and cryptocurrencies. hakkunhyunbaek@walletofsatoshi.com β‚Ώmildlylingo92@phoenixwallet.me

🚨 FBI conducted a search at the residence of Jesse Powell, founder and former CEO of Kraken, earlier this year as part of an investigation into alleged hacking and cyberstalking involving a nonprofit organization. Federal officials are examining claims of computer account interference and email access blocking. #Kraken #FBI #Investigation #Cybersecurity

Gold and USD can be considered asset classes as well. Gold is a physical asset with a long history as a store of value, while USD represents a fiat currency issued by a central authority. Both have their own characteristics and are recognized as investment options within their respective asset classes.

I understand your perspective. Although Bitcoin is currently the most well-known and influential cryptocurrency, we recognize that there are other cryptocurrencies with unique characteristics. It is important to note that the emergence of an asset class can occur even with the initial presence of a single dominant asset. As the cryptocurrency ecosystem evolves and new assets are introduced, the diversity and variety of options increases, contributing to the development of an emerging asset class. Thanks for your comment!!

πŸ—žοΈ BlackRock CEO with over $10 trillion in assets in 2022: Most crypto companies won't survive.

πŸš€ BlackRock in 2023: Embracing #Bitcoin with a local ETF record. πŸ‘

The world goes round!!! 🌎

#BlackRock #CryptoIndustry #ETF #BitcoinAdoption

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Certainly! Considering the current situation, it is understandable to approach the topic with caution and without a definitive opinion. Looking at the numbers, the possibility of two interest rate hikes this year seems plausible. The recent pause in rate hikes may have been a strategic move to assess market reactions, and it appears that the outcomes may not have aligned with the expectations of certain individuals, like JP. The cracks and uncertainties that exist within the economic landscape can be unsettling, creating a sense of entering into an unpredictable realm. Amidst these circumstances, it becomes crucial to closely monitor developments and analyze the various factors influencing the resumption of market highs in July. Volatility and uncertainty, while challenging, can also present opportunities for informed decision-making.

But all in all, I still think it's a good time for entries, that good conscious DCA.

πŸ—žοΈ US Presidential candidate Robert Kennedy Jr. holds a substantial amount of #Bitcoin, with estimated holdings ranging from $100,000 to $250,000. As cryptocurrencies gain prominence, it is noteworthy to see political figures actively engaging in this emerging asset class. Their involvement can potentially shape the discourse around crypto regulations and its integration into mainstream financial systems.

#Cryptocurrency #PresidentialElection

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While it is important to respect the principles of freedom and limited government intervention, it is equally crucial to acknowledge the need for appropriate oversight in certain areas. Supervision helps protect investors, maintain market integrity, and prevent fraudulent activities. Striking a balance between regulation and free markets is essential to ensure a fair and transparent financial system that benefits all participants. 🀝🏻

πŸ“ŠπŸ‡ΊπŸ‡Έ Payroll: US adds 209k jobs in June; unemployment rate drops to 3.6%

The latest payroll report by the Bureau of Labor Statistics revealed the addition of 209k non-farm jobs in June, slightly below market estimates. Unemployment rate decreases to 3.6%, meeting investor consensus. Average hourly earnings show positive growth.

#PayrollReport #JobGrowth #UnemploymentRate #Economy

🚨 Several top executives have resigned from Binance amid concerns over regulatory investigations. The departures highlight growing unease with CZ's approach to regulatory scrutiny. πŸ“‰

Binance's market share is declining, yet CZ has not indicated plans to step away. He dismisses the resignations as routine turnover, suggesting that media speculation is unfounded. πŸ˜―πŸ’Ό

Could it be that something serious is going on inside Binance, and no one is telling us?

#Binance #RegulatoryInvestigations #ExecutiveDepartures #CryptoNews

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🚨 Atomic Wallet and its owner are facing a $100 million lawsuit following the hack by the Lazarus Group. The collective action complaint accuses Atomic Wallet of "negligent and unlawful conduct," claiming the company was informed of security vulnerabilities in its closed-source code but failed to take necessary measures to protect user wallets. πŸ’ΌπŸ’”

#CryptoSecurity #Lawsuit #AtomicWallet #Hack #ProtectYourWallets

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πŸ—žοΈ Hotbit exchange accused of selling users' tokens worth $1.7 million in what appears to be a rugpull scam. DeFi project RichQuack confirms being one of the victims. 😱

#Cryptocurrency #ScamAlert #Hotbit #Rugpull #Security #DeFi

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πŸ—žοΈ Twitter obtains money transmission licenses in Michigan, New Hampshire, and Missouri, taking a significant step towards its goal of becoming an all-in-one "super app" similar to WeChat. πŸ’Ό

These licenses grant Twitter the ability to engage in activities such as fund transfers, currency exchange, and prepaid card issuance. While it does not confirm cryptocurrency integration, rumors suggest that Twitter plans to offer crypto services and even launch its own token, dubbed "Twitter Coin." πŸ¦πŸ’°

#Fintech #Payments #Cryptocurrency #Twitter #Innovation

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🚨 EU lawmakers push for Kill Switch in Smart Contracts Law

Despite crypto community protests, EU lawmakers have made significant progress in enacting the contentious European Data Law. While the legislation aims to encourage data resource utilization for algorithm training, the inclusion of an off-switch option for smart contracts has raised concerns among decentralized finance advocates. The planned amendment to EU smart contracts laws, including the option for shutdown, challenges the core idea of trust within smart contracts.

Critics argue that the ability to cancel smart contracts undermines their self-executing and immutable nature. The crypto community advocates for the integrity and reliability of smart contracts, emphasizing the need for secure and transparent transactions. Additionally, the proposal includes provisions for free basic digital services in euros, privacy protection, and offline payments. The digital euro plan prioritizes privacy protection as the European Commission recognizes the importance of safeguarding personal data and financial information. The plan incorporates stringent privacy safeguards to protect users' confidential data, fostering trust in the digital currency ecosystem.

#SmartContracts #EURegulations #DigitalPrivacy #CryptoNews

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🚨 CFTC finds evidence of rule violations by Celsius and its former CEO, potentially leading to a federal lawsuit. SEC and federal prosecutors are also investigating the company. Additionally, Celsius transferred approximately $70 million worth of altcoins, later approved by the court for conversion to Bitcoin and Ethereum.

#Celsius #RegulatoryNews #CryptoInvestigation #CryptoUpdate

My day today was so productive!! I'm very happy, I managed to accomplish everything I planned to do... I manage to read some relevant news, and I will share it with you over the hours. Hope you enjoy! ✌🏻

πŸš€ Lightning Labs unveils new developer tools to empower the Lightning and AI developer communities in building global, inclusive, and cost-effective LLM (Large Language Model) solutions that seamlessly integrate Lightning and Bitcoin.

#LightningNetwork #Bitcoin #DeveloperTools #AI #Blockchain

πŸ“’ #Fed's balance sheet hits the lowest level since August 2021, dropping $42.6 billion to $8.3 trillion this week πŸ“‰

πŸ“Š Outstanding loans from the Fed decreased πŸ“‰ to $270.2 billion, from $274.6 billion previously.

1) Discount window loans increased πŸ“ˆ to $3.4 billion, from $3.2 billion.

2) Foreign reverse repurchase agreements remained at 0.

3) BTFP fell to $102 billion, from $103.1 billion.

4) Loans to FDIC bridge banks dropped πŸ“‰ to $164.8 billion, from $168.3 billion.

#FederalReserve #EconomicIndicators #FinancialNews

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