BREAKING: Representative Patrick McHenry declares stablecoins as a cornerstone of our modern 21st century payment infrastructure.

#Stablecoins #Payments #Cryptocurrency

BREAKING: PayPal unveils new crypto stablecoin.

$PYUSD, PayPal's stablecoin, is fully backed by US dollar deposits, short-term Treasury bills, and liquid assets.

#CryptoNews #PayPal #Stablecoin

⛔ The Hong Kong SFC warns that derivatives and yield services on cryptocurrency exchanges are not allowed. Companies that operate without a license can be punished.

The US Consumer Price Index (CPI) and Producer Price Index (PPI) for July without seasonal adjustment will be released this week. This will affect the next decision of the Federal Reserve (FED) to raise interest rates. China will also release the July Consumer Price Index (CPI).

🟠Bitcoin Analyst from Trezor sheds light on Bitcoin's rise in Prague 🚀

"The Austrian School is highly aligned with Bitcoin adoption," he explained. "A key aspect is advocating for the separation of money and the State."

- Josef Tětek

#BitcoinAdoption #AustrianSchool #CryptoInsights

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🚨 BIG NEWS: Starting January 1, 2024, US businesses will be required to collect the name, address, and government ID of customers making crypto purchases over $10,000. The move aims to enhance tax compliance. Department of Justice argues this regulation extends Congress' authority. #CryptoRegulation #TaxCompliance #CryptoNews

#Bitcoin combines the finest attributes from all asset classes.

Scarcer than traditional commodities.

Decentralized and transparent, unlike fiat currencies.

With a larger potential market than many tech monopolies, and no single leader in command.

Explore the advantages of a new financial era. #Cryptocurrencies #Innovation

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🚀 BREAKING: The number of active #Bitcoin spot ETF applications has surged to 9, following the recent entry of the $43 billion fund manager Global X ETFs with their filings yesterday. The race for #BitcoinETF approval is heating up! 🔥 #CryptoNews #ETFs #BlockchainEconomy

🚀 NEWS FLASH: Block Inc., the payment company, reported a staggering $1.87 billion in gross profit for Q2 2023, marking a remarkable 27% YoY increase 😱 Among the total revenue of $5.5 billion, $2.4 billion came from #Bitcoin 🔥 Impressive performance from companies embracing the #Bitcoin standard 🙌 #CryptoBoom #BlockchainEconomy

🚨⚠️ LATEST: The Network Contagion Research Institute (NCRI) report exposes Twitter bots heavily influencing prices of five FTX-listed tokens traded by Alameda Research. Fake tweets surged to 30% post-listing of BOBA, GALA, IMX, RNDR, SPELL, with non-authentic comments accounting for half the related posts. Alameda's holdings before listings raised concerns of orchestrated efforts to manipulate market sentiment and trading behavior around these tokens. #CryptoManipulation #FTX #MarketSentiment

💼 Legal battle between entrepreneur Joel Dietz and ConsenSys escalates over alleged theft of crypto web wallet idea that later became MetaMask. Dietz claims intellectual property rights dating back to 2014, while ConsenSys maintains it was created by employees in 2016. #Crypto #LegalBattle

🚀 BREAKING: Marathon Digital Holdings continues to lead as the world's largest publicly traded #Bitcoin hashrate miner! 🏆 In July, their hashrate reached a staggering 18.8 exahash/second (EH/s), solidifying their position in the industry. #CryptoMining #MarathonDigital

🚨 BREAKING: JPMorgan announces a shift in their economic outlook, no longer foreseeing a recession. Positive signs for the economy ahead. #JPMorgan #EconomicOutlook #Recovery

🚨 The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against eToro, alleging that the trading platform used inadequate screening tests while offering Contract for Difference (CFD) products to retail investors.

ASIC claims that the CFDs were "high-risk and volatile," and the platform's screening test allowed unsuitable clients to trade them. Nearly 20,000 users lost money trading CFDs between October 2021 and June 2023. ASIC seeks declarations and penalties, prompting eToro to review its target market determination.

#ASIC #eToro #CFD #InvestorProtection #FinancialRegulation

🚨 BREAKING: Former President Trump pledges to halt the expansion of 87,000 IRS agents, promising to protect citizens' finances and freedom if re-elected in 2024. #Trump2024 #IRS #Election2024

💥 Tether and Bitfinex score major legal victory as US district court dismisses class action lawsuit. #Tether #Bitfinex #crypto

📰 "We expect the FOMC to skip the September meeting and keep interest rates unchanged to slow down tightening. We also anticipate the FOMC to decide that a final hike is unnecessary in the November meeting" - Goldman Sachs.

#FOMC #InterestRates #EconomicOutlook #GoldmanSachs

Coinbase files a motion to dismiss SEC's case, asserting the regulator lacks authority. The crypto exchange argues its services don't qualify as securities, drawing parallels with the Ripple case. In a recent earnings call, Coinbase's Chief Legal Officer expressed confidence in winning the legal battle for regulatory clarity and consumer protection. SEC has until October 3, 2023, to respond. #Coinbase #SEC #Cryptocurrency #LegalBattle

💼 Cash App's #Bitcoin sales in Q2 surged by 34% compared to last year, reaching an impressive $2.4 billion 💰🚀 #Cryptocurrency #BTC #FinancialNews

📰 Hong Kong embraces "mass market trading" of bitcoin - reported by Bloomberg.

The city aims to establish itself as a global hub for cryptocurrency 🚀

#HongKong #Bitcoin #Cryptocurrency #GlobalHub