August 13 update:

Heheh just as we predicted would happen back in December/January, now the industry is attacking the SEC saying it has no legislative authority over crypto, that there is precedent crypto are commodities instead, and that SEC puts the entire crypto industry and stakeholders (meaning all users from retail to institutional to gov 😂) at stake

Naughty naughty Hinman, naughty naughty Criminal Enterprise SEC, let’s go CFTC 🔥🔥🔥

Don’t you just love how this movie is going??? Hehehhe 🍿🍿🍿🍿

Aug 13, 2023: Chamber of Digital Commerce Joins Coinbase in Legal Battle Against SEC

CDC stated it aimed to put an end to the SEC’s attempts to regulate cryptocurrencies without proper legislative authority

https://coinedition.com/chamber-of-digital-commerce-joins-coinbase-in-legal-battle-against-sec/

IMF UN giving power to CFTC https://t.me/QuantumStellarInitiative/20135

XRP Thoingy https://t.me/QuantumStellarInitiative/27274

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Stablecoin is not enough: PayPal goes crypto-crazy

PayPal is launching a new service called Cryptocurrencies Hub. This platform will allow users to hold and conduct transactions with Bitcoin and other cryptocurrencies directly through their PayPal accounts.

The updated terms of use state that users will not only be able to store cryptocurrencies but also buy and sell them, as well as pay for goods and services using these currencies.

There is also the possibility of converting between the new PayPal coin, PYUSD, and other crypto assets. However, there is a nuance: this is a custodial service – you will not be able to keep the cryptocurrency yourself – you will only see a “display” of the amounts PayPal keeping for you.

PayPal will provide access to the Cryptocurrencies Hub selectively, based on the status of the user’s balance, the identification information provided and the device from which the user logs in. For example, residents of Hawaii will not be able to create their own Cryptocurrencies Hub yet.

Good for adoption, bad for Satoshi’s ideas

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In the era of instant gratification, the world is briskly moving towards a cashless society where the jingle of coins and the rustle of paper money are becoming relics of the past. Digital payments, now faster, cheaper, and more convenient, are replacing physical currency, but not all digital pathways are created equal.

At the forefront of this transformation is blockchain technology, a decentralized ledger that’s leaving traditional payment systems in the dust. Unlike the conventional methods burdened with intermediaries, fees, and delays, blockchain technology provides secure, transparent, and immutable peer-to-peer transfers.

One of the shining stars in this digital cosmos is XRP, a cryptocurrency native to the XRP Ledger. But the innovation doesn’t stop at XRP. Other projects like Stellar, Algorand, and Cardano are emerging with their unique features, all converging on the shared goal of an inclusive, efficient, and democratized payment ecosystem.

The US Federal Reserve’s new instant payment system, FEDNOW launched in July 2023, is another interesting development. Aiming to bolster the country’s payment infrastructure, FedNow operates 24/7, with unparalleled finality and security.

Some may see FedNow as a rival to blockchain, but in truth, it’s a complementary force. It represents an opportunity for XRP to underline its utility as a bridge currency, connecting various payment systems, something the Federal Reserve’s service doesn’t address.

In the race to a cashless future, the blockchain revolution is leading the way. The world is watching, and the change is only just beginning. Whether you’re for or against a cashless society, there’s nothing you’re going to do to stop this freight train. The wheels have been set in motion long ago, and as the world moves towards this new system, those that fail to adapt to change, or the ones that will be left behind. 

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As crypto enthusiasts explore the market for the next goldmine, Stellar (XLM) shines bright with its open-source, decentralized payments network. Powered by blockchain technology, Stellar allows users to transfer funds quickly and at a minimal cost, transcending the limitations of national currencies through its native cryptocurrency, Stellar Lumens.

On July 26, Stellar’s XLM took the lead among altcoin gainers, while Bitcoin remained in a tight trading range of around $29.3K. Over the past 30 days, XLM has surged by an impressive 42%, showcasing its growing popularity among investors.

A research report from the Stellar Foundation highlights the adoption of the USDC stablecoin on the Stellar blockchain, supported by a staggering 322,000 cash off-ramps. Additionally, XLM, the native asset of the Stellar blockchain, enjoys support from 26,221 cash off-ramps, solidifying its position as a favored digital asset worldwide. ⭐️⭐️⭐️