In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
I think PYUSD could be a gamechanger because hundreds of millions of PayPal users have access to it. There were 431 million active PayPal accounts in the second quarter of 2023, Statista estimates.
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On 30 June 2023, backed Pax Dollar with Total Cash Deposits with a current market and notional position value of $195.798 million, Paxos reports. They kept around $185.5 million of that cash in FDIC insured placement networks (bank accounts) and $10.298 million of that cash in other deposits and insured depository institutions.
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Thus, frustration with the financial system drives interest in DeFi, which generates new DeFi solutions. Frighteningly, this frustration often drives people to questionable solutions such as Worldcoin, worthless products like Hippocrat (HPO), and fraudsters, including Sam Bankman-Fried of FTX infamy.
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Moreover, there are allegations Worldcoin and WorldID are not secure. For example, BlockBeats and Gizmodo claim there is a black market for the Orb’s iris pictures.*
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Hence, the SEC is targeting the fourth and 14th largest cryptocurrencies. Plus, an older SEC lawsuit targets XRP (XRP) the sixth largest cryptocurrency. XRP, the cryptocurrency formally known as Ripple, had a $27.317 billion Market Capitalization and a $1.197 billion 24-Hour Market Volume on 12 June 2023.
There is a mystery about the USDK (USDK) stablecoin. USDK was CoinMarketCap’s 514th ranked cryptocurrency on 1 June 2023. Yet, I can
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I think Tornado Cash (TORN) shows why speculators should welcome the regulation of decentralized finance (DeFi) and cryptocurrency. Tornado Cash
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SEC attorneys argue many cryptocurrencies meet the criteria for securities from a US Supreme Court case called SEC v. W. J. Howey Co, BeinCrypto speculates. Hence, if federal judges agree with the SEC, many cryptocurrencies could become securities overnight.
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9.Beware of unsolicited offers: If you receive an unsolicited offer to invest in a cryptocurrency, it is likely a scam. Legitimate companies and investments do not typically reach out to people randomly.
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Strangely, Rekt (REKT) is a decentralized autonomous organization (DAO) built to save journalism with no transparency. Rekt calls itself the
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