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

🚨 Breaking News! πŸš€πŸ‡ΊπŸ‡Έ Presidential candidate Robert F. Kennedy Jr. has made a significant move into the world of cryptocurrency, acquiring 14 Bitcoin, valued at approximately $415,000. 🌟 #Bitcoin #Cryptocurrency #RobertFKennedyJr

πŸš€ Exciting news! Palau, the small island nation, is exploring the world of cryptocurrency with its own national dollar stablecoin powered by Ripple. The project, which kicked off in March, has already minted its first stablecoin in July, with Ripple's support in technical expertise and personnel. πŸοΈπŸ’± #Palau #Cryptocurrency #Stablecoin #Ripple

(Source: CoinDesk)

πŸ“° Pan Gongsheng, the expected incoming governor of the People's Bank of China (PBOC), has gained notoriety for his critical views on Bitcoin, likening it to a speculative bubble. As he approaches his potential new role, there are concerns that he may maintain a tough stance on cryptocurrency mining and trading. πŸ‡¨πŸ‡³β›οΈπŸš« #PBOC #Bitcoin #Cryptocurrency

(Source: Bloomberg)

🚨 BREAKING: The Federal Reserve has raised its benchmark interest rate by 25bps to 5.50%, aligning with market expectations. This marks the highest rate in 16 years, driven by concerns over high inflation. The Fed will closely monitor data and assess the impact of rate increases on the economy to determine further appropriate measures in achieving its 2% inflation target. #FederalReserve #InterestRates

(Source: CNBC)

🚨 UK data regulator announces investigation into Worldcoin, the crypto project by OpenAI CEO Sam Altman, following its official launch on Monday. Worldcoin's World ID, requiring iris scans to verify human identity, raises privacy concerns. Is it truly necessary in the era of generative AI like ChatGPT? #Worldcoin #PrivacyMatters

🚨 Update: Federal prosecutors in New York have requested pre-trial detention for SBF in the FTX case, set for October, and a federal judge imposed a media gag order, restricting him from discussing the case publicly. #FTX #LegalNews

πŸ’Ό The Singapore High Court's General Division affirmed cryptocurrencies as property, acknowledging that "the holder of a crypto asset has, in principle, an incorporeal right of property, recognized by common law as a thing in action and enforceable in court."

The landmark case involved exchange Bybit suing Ms. Ho, who handled salary payments, for transferring a substantial amount of USDT to her undisclosed address. The court ruled in favor of Bybit, ordering Ms. Ho to promptly return the transferred funds along with interest.

#Cryptocurrency #LegalRuling #PropertyRights

🚨 SlowMist discovered a new malware named Realst, focusing on Apple MacOS systems. It spreads through fake blockchain games like Brawl Earth, WildWorld, Dawnland, Destruction, Evolion, Pearl, Olymp of Reptiles, and SaintLegend. This Rust-written malware targets victims to steal crypto assets and sensitive information like passwords.

#CyberSecurity #MalwareAlert #AppleMacOS #BlockchainGames

πŸ“ˆ Global Central Bank Update:

The Fed raised rates for the 11th time, with a 25 bps increase to 5.25-5.50%. This is now the highest Fed Funds rate since January 2001.

#Fed #InterestRates #EconomicUpdate #GlobalFinance

https://nostrcheck.me/media/public/nostrcheck.me_2042953927462674721690417053.webp

πŸ“‰ Oil futures closed lower today as US crude inventories fell below expectations, and Jerome Powell's statements following the latest rate hike by the Federal Reserve (Fed) also impacted future hedges quotes. WTI crude for September ended down 1.07% at $78.78 per barrel. Brent for the same month closed 0.86% lower at $82.92 per barrel.

#OilPrices #CrudeOil #MarketUpdate #Economy

I'm very apprehensive, these are politicians who have no idea what a blockchain is. And they see the crypto market in the eyes of shitcoins, let's see what comes out of it. 😐

🚨 BREAKING: The US House and Senate have reached a bipartisan agreement on a cryptocurrency bill that will mandate cryptocurrency exchanges to register with the Commodity Futures Trading Commission and establish a new regulatory framework for #Bitcoin and the entire 'alt' industry.

πŸ€” Some are expressing concerns about the potential implications of this new regulation on the cryptocurrency market.

#CryptoNews #Regulation #Cryptocurrency

πŸš€ Italy's Central Bank partners with Polygon and Fireblocks to explore tokenized assets!

🏦 The Bank of Italy joins forces with Polygon and Fireblocks in a new initiative aimed at enabling Italian banks, asset managers, and financial institutions to experiment with decentralized finance and security tokens. This comes after the central bank's efforts in implementing CBDC and blockchain tech in the existing payment system.

#CBDC #Blockchain #DeFi #CryptoNews

🚨 Allegations of wash trading in Binance .US' initial trades surface, says WSJ based on CZ's memo. Binance denies any wrongdoing as CEO Changpeng Zhao's previous memo comes to light.

🚫 Binance withdraws crypto license application in Germany.

#Binance #CryptoNews #Regulation

πŸ“Š According to Fedwatch data, the #FederalReserve made its final interest rate hike today and is expected to maintain high rates until the first rate cut in May 2024. The data also indicates a total cut of 125 basis points by the end of 2024. Check the chart below for more insights. #InterestRates #EconomicForecast πŸ“ˆ

https://nostrcheck.me/media/public/nostrcheck.me_2155136400794084251690414824.webp

πŸ—žοΈ BREAKING: πŸ‡ΊπŸ‡Έ Presidential candidate Robert F. Kennedy Jr. criticizes the financial system, claiming it favors the wealthy, leaving the middle class vulnerable to asset and equity depletion. #EconomicJustice #PresidentialCandidate #FinancialSystem

πŸš€πŸŒŸBillionaire Tim Draper believes Bitcoin is revolutionizing the way we think about currency and trade! "We are experiencing one of the most thrilling decades we'll witness in our lives because Bitcoin is transforming the way currency and trade are conducted." - Tim Draper

#Bitcoin #Cryptocurrency #Innovation