Blockchain tech can democratize financial freedom, says Abdul Rafay Gadit. He notes its potential to reduce wealth inequality, but warns that legacy players like Blackrock could threaten inclusivity. One trader turned $2,275 into $2.6M in 8 hours. #Update
Worldcoin, created by @sama, aims to establish a global digital ID system using iris-scanning orbs. Despite collecting biometric data, it has attracted 10M users and plans to expand to 1500 devices globally. Ethics and transparency issues remain. #Update
Bitcoin leads $528M crypto outflow as recession fears rise. $BTC sees $400M withdrawal, $ETH follows with $146M outflow. Investors shift to short-Bitcoin products amid market turbulence. #CryptoUpdate
Justin Sun, founder of @trondao, commits $1B to fight FUD after $280M losses. Despite market turbulence and holding 377,500 ETH below purchase price, Sun emphasizes rejecting FUD, building, and providing liquidity. #CryptoNews #Update
AmazonPay, @GooglePay, and PhonePe join India’s CBDC pilot, as the RBI expands e-rupee transactions to non-bank payment firms. By late June, the RBI achieved 1M retail transactions, aiming for 1M daily by late 2023. #Update #CBDC
AFP and @chainalysis uncover phishing attack affecting over 2000 crypto wallets in Australia, revealing $2.7B in losses since May 2021. Australian banks now restrict crypto transfers. #CryptoSecurity
Australian Federal Police and @chainalysis identify over 2,000 compromised crypto wallets in “Operation Spincaster” targeting approval phishing scams. Scammers stole $4B in crypto since May 2021. Key partners: @BTCMarkets, @binance, @cryptocom #CryptoScams #Update
Ripple launches RLUSD stablecoin, facing potential new SEC lawsuit. Legal experts predict Judge Torres’ ruling on existing case by September. Ripple unlocks 1 billion XRP as market speculations rise. #Crypto #Update $XRP
? The crypto market faced over $1 billion in liquidations within 24 hours, hitting $BTC and $ETH hard. Market volatility and new regulations spurred this turmoil, raising investor concerns. Analysts are split on the recovery. #CryptoNews
“Peter Schiff criticizes Donald Trump’s proposal to use Bitcoin to repay the $35 trillion US national debt, calling it politically motivated and economically unsound. #Bitcoin $BTC #Update”
The sudden shutdown of ZKX on Starknet Layer-2 shocked investors, including @AmberGroup_io and @HashKey_Capital, due to lack of transparency. Founder Eduard Jubany Tur cited economic infeasibility. Over 95% of user funds returned. #Crypto #Update
Music NFTs are changing music distribution and royalties. Artists like @SnoopDogg and @EdSheeran are using platforms like ShowCity to sell songs, albums, and concert tickets directly to fans. Challenges remain, but tokenization promises new revenue streams. #Update #MusicNFTs
Meme coins tied to Kamala Harris experience major price swings: $HARRIS surged 115.46% to $0.001936, and $KAMA rose 26.7% to $0.01718. Harris’s crypto pivot includes talks with @coinbase, @circlepay, and @Ripple. #Update #CryptoNews
New report from The Nakamoto Project: Bitcoin ownership in the U.S. spans all political views, with most investors young, male, and diverse in race, income, and education. Bitcoin owners value cultural liberty and equality. #Bitcoin #Update
