New financial documents show Trump capitalizing on NFT boom, holding up to $500k in Ethereum

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  TL;DR Breakdown A treasury official has proposed that CBDC should be developed with an element of privacy. Evaluating the implications of a private digital currency. The design of a potential digital dollar should take into account privacy and the ability to transact anonymously, according to a United States Treasury official. Graham Steele, the Assistant Secretary for Financial Institutions at the Treasury Department, emphasized this point during a recent conference focused on payments in Texas. He addressed the Federal Reserve’s FedNow system and central bank digital currencies (CBDCs), highlighting the challenges of minimizing illegal transactions while safeguarding user privacy. The treasury official discusses the importance of anonymity in CBDCs Steele emphasized the importance of preserving privacy and anonymity in the design of any potential retail CBDC. He suggested exploring technologies and methods, including Privacy Enhancing Technologies, that can enable such protections. Recognizing the potential benefits and risks of a CBDC, the treasury official mentioned that it could foster a competitive payment environment. However, he also cautioned that a retail CBDC, directly backed by the Fed, could serve as a safer option…

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• New phishing wave targets creditors as Celsius Network’s bankruptcy nears conclusion

  TL;DR Breakdown Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages. Users have reported receiving phishing emails claiming to be from Celsius. Scammers have also been impersonating Stretto, the claims agent responsible for managing the bankruptcy case. Description Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating … Read more Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating Stretto, the bankruptcy services platform for Celsius and its creditors. Contents hide 1 Phishing attempts escalate 2 Ongoing…

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• Judge evaluates Sam Bankman-Fried’s bail in court

  TL;DR Breakdown Sam Bankman-Fried, the founder of the bankrupt FTX exchange, faces a court hearing about his bail conditions ahead of his fraud trial on October 2. The U.S. Attorney’s office has requested Bankman-Fried to refrain from making public statements that could impact the case. Bankman-Fried is accused of sharing the personal writings of Caroline Ellison, former CEO of Alameda Research and his ex-partner, with a journalist. Description In the whirlwind of the cryptocurrency world, Sam Bankman-Fried, the controversial founder of the now-defunct FTX exchange, returns to the courtroom this Wednesday. At the heart of the matter is the question of whether the entrepreneur will continue enjoying his current bail conditions. This re-evaluation comes in the wake of Bankman-Fried’s fraud trial, slated for … Read more In the whirlwind of the cryptocurrency world, Sam Bankman-Fried, the controversial founder of the now-defunct FTX exchange, returns to the courtroom this Wednesday. At the heart of the matter is the question of whether the entrepreneur will continue enjoying his current bail conditions. This re-evaluation comes in the wake of Bankman-Fried’s fraud trial, slated…

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• America’s economic stability: Here today, gone tomorrow?

  Description America’s economy surged this quarter, defying expectations and rocketing past forecasts. With growth rates touching the 3% mark, it seemed like the nation was on the brink of an economic renaissance. But is this a mere flash in the pan, or is America truly on a sustainable upward trajectory? Unexpected Drivers of the Economic Boom … Read more America’s economy surged this quarter, defying expectations and rocketing past forecasts. With growth rates touching the 3% mark, it seemed like the nation was on the brink of an economic renaissance. But is this a mere flash in the pan, or is America truly on a sustainable upward trajectory? Unexpected Drivers of the Economic Boom Rather than sliding into a recession, as many had anticipated due to interest rate hikes, America’s economy found unexpected fuel. Massive government spending under the Biden administration, combined with buoyant consumer spending, proved to be the shot in the arm the country needed. Then there’s the oil price windfall and a surging interest in Artificial Intelligence, further pumping optimism into the economy. Clearly, the apprehensions over…

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• OnlyFans see record profits as owner rakes in $485 million amid Ethereum investment

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