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

πŸ“° CZ announced at WebX Japan that Binance will re-enter the Japanese market with a compliant local exchange in August. The exchange has already cleared Japanese KYC users from offshore platforms and is expected to exceed 1 million users. Japan's regulatory framework for crypto has been clear since 2017, making it a leader in the Web3 space. Binance's journey continues with this significant move. #Binance #Crypto #Japan #Web3

πŸš€ Fundstrat Global Advisors predicts that spot #Bitcoin ETFs have the potential to surpass the $230 billion market of precious metals ETFs. The rise of #crypto adoption and increasing institutional interest are driving this trend. Exciting times ahead! πŸ’ŽπŸŒ #BitcoinETF #CryptoBoom

πŸ“‰ Bitcoin holdings on centralized exchanges have dropped by 4.3% YTD. Investors are opting to HODL and not sell at current market prices. Security concerns and regulatory uncertainty prompt withdrawals from CEXs. #Bitcoin #HODL #CryptoSafety πŸ’ͺπŸš€

https://nostrcheck.me/media/public/nostrcheck.me_4259377969089424041690326150.webp

πŸ‡ΊπŸ‡Έ Unlike offshore exchanges, U.S.-based cryptocurrency platforms like Coinbase and Kraken have not listed Worldcoin (WLD) tokens due to restrictions. The project excludes U.S. residents from token access, but World ID and TFH's World App are still available in the United States.

πŸ‡¬πŸ‡§ Britain's data watchdog has announced a review of the Worldcoin project, as reported by Reuters.

Privacy concerns should always be a top priority when considering any cryptocurrency investment. Remember to do your research and stay safe in the crypto space. #PrivacyMatters #NotAllCoinsAreEqual #DYOR #CryptoSafety

πŸ‡―πŸ‡΅ Japanese Prime Minister Fumio Kishida highlights the transformative potential of Web3 at the WebX conference, stating it can reshape the Internet framework and drive social changes. The government is committed to enhancing the Web3 ecosystem and fostering new projects. Exciting times ahead! #Web3 #Japan #Innovation #TechRevolution

🚨 Tensions escalate as North Korea launches a ballistic missile into the sea off its east coast following the arrival of a US submarine in South Korea. Meanwhile, the UN Command confirms talks with North Korea about the American soldier who crossed into the country last week. Uncertainty prevails as the situation unfolds. #NorthKorea #USsubmarine #UNCommand #SecurityConcerns

πŸ“‰ Economic activity in Germany hits a year-low with a score of 48.3 in the S&P Global's flash Composite Purchasing Managers' Index (PMI). Manufacturing slows to pandemic levels, and services growth drops for the second month. France's private sector also shrinks, with its PMI reading falling to 46.6. Concerning signs for European economies. #EconomicSlowdown #PMI #EurozoneEconomy

🚨 BREAKING 🚨 UBS, a Swiss bank, fined $388 million by the Bank of England's Prudential Regulation Authority and the US Federal Reserve for misconduct related to Credit Suisse, acquired in June. The Fed cited failure to "adequately manage" risk from Archegos, a family investment vehicle. Archegos' collapse in 2021 cost Credit Suisse $5.5 billion. #BankingScandal #FinancialMisconduct

🚨 ALERT 🚨 FMI calls for more regulations on cryptocurrencies, but this could be a concerning sign. Excessive restrictions may stifle innovation and financial freedom for investors. Caution is needed to ensure a proper balance! #CryptoRegulations #InvestmentRisk

🚨 ALERT: Beware of malicious phishing programs on Apple Store! Attackers steal user accounts & passwords through imitation apps, adding their numbers to 2FA trust numbers to control account permissions & bypass Apple's 2FA. #Crypto users using iCloud wallets, stay vigilant! Asset loss risk! πŸ›‘οΈ #Security #PhishingScam

🚨 Breaking News: Binance & CZ file license application in U.S. District Court to initiate motion to dismiss CFTC's lawsuit. Allegations of violating U.S. derivatives rules being challenged. Response due by July 27, 2023. Legal battle intensifies! #Crypto #Binance #CFTC #LegalBattle

πŸ—žοΈ WSJ Report: Fed policy makers & economists express concerns over temporary inflation easing. Strong wage growth and a tight labor market may lead to increased core inflation next year. June expected to see 2x 25 bps interest rate hikes by the Fed. #Economy #Inflation #Fed #InterestRates

πŸ‡·πŸ‡Ί Big news! Putin signs law introducing Russia's digital ruble. Citizens won't be forced to use it, as the CBDC will be an optional choice, says the Central Bank Governor.

πŸ‡·πŸ‡Ί Beware! The introduction of CBDC might not be as rosy as it seems. Central Bank Digital Currencies (CBDCs) raise concerns about privacy, government control, and surveillance. Citizens should be cautious about the potential risks associated with CBDCs and stay informed about their implications on financial freedom and individual liberties.

#CBDC #Crypto #PrivacyMatters #DigitalRuble #CryptoNews

πŸš€πŸ‡ΊπŸ‡Έ Exciting news! The Chairman of the πŸ›οΈ U.S. House Financial Services Committee has announced a legislative review aiming to provide regulatory clarity for the digital asset ecosystem, including cryptocurrencies, blockchain development, and stablecoin payments on July 26th. Stay tuned for updates! #CryptoNews #Blockchain #Stablecoin #Regulation

πŸš¨πŸ“‰ Bitcoin faced a 2.5% drop following a WSJ report reigniting Binance concerns, while China's Politburo showed no signs of significant stimulus. πŸ€” The persistent efforts to suppress BTC raise questions: how long will it last? #Bitcoin #CryptoNews #Binance #China #Cryptocurrency

πŸ‡­πŸ‡° Interesting move: A member of Hong Kong's Legislative Council (LegCo) has extended a formal invitation to "virtual asset trading operators, including #coinbase, to come to πŸ‡­πŸ‡° HK for official trading platform applications and further development plans" πŸ‘€ #Cryptocurrency #HongKong #Blockchain #CryptoExchange

🚨 Interesting development: Bulgarian authorities hold 213,000 #Bitcoin (approx. πŸ’΅$6 billion) seized from a criminal group in 2017 πŸ‘€ Will this have a positive impact on the country's wealth? πŸ€” #Cryptocurrency #Bulgaria #Economy #BitcoinSeizure

🚨 Concerning News: OpenAI's CEO unveils Worldcoin, a new visual recognition system, claiming to certify users' "humanity" on the blockchain. It's alarming how they create a problem, then offer their solution as necessary, not perfect. Beware of such tactics in the AI and blockchain space. #OpenAI #Worldcoin #Critique #AI #Blockchain

πŸš€ Celsius strikes a deal ensuring users can receive assets before year-end. The agreements, pending court approval, resolve 30,000 customer claims seeking $78 billion in compensation. #Celsius #CryptoAgreements #FinancialNews #Blockchain

πŸ‡ΊπŸ‡Έ US Congressman: "CBDC corrupts money into a tool of coercion and control."

Well, the next step is for countries to choose Bitcoin instead of coercion and control. #CBDC #Bitcoin #FinancialFreedom #Decentralization