![]() According to the SEC, Kwon falsely claimed that a prominent Korean mobile payments app used LUNA's blockchain to settle transactions. Kwon's alleged multi-billion-dollar fraud scheme began in April 2018 and continued until the Terra ecosystem's downfall in May 2022. The SEC is accusing Do Kwon, the founder of Terra, of □️♂️ defrauding investors by selling them □ TerraUSD, claiming that the tokens would increase in value, and lying about its stability and yield-bearing nature. This is yet another example of the growing adoption of Bitcoin and blockchain technology. Nostr allows users to utilise the power of Bitcoin to create a censorship resistant global social network. □ Nostr, is a decentralized social media platform, has announced its integration with Bitcoin. So to pooh-pooh crypto, or the volatility of cryptocurrency, it’s only going to make it better in terms of how it’s safeguarded.” These are amazing tools for exchanges and distribution of resources. □ Actor Keanu Reeves stated: "I think the principle, the ideas behind an independent currency, are amazing. □ However, this latest move is just another example of the tumultuous financial landscape in Nigeria since the launch of the eNaira, with economic sabotage and fluctuating policies being a recurring theme. These measures are aimed at steering consumers towards alternative options like the eNaira. To encourage the adoption of its CBDC, the Nigerian government has now imposed restrictions on cash withdrawals, limiting withdrawals to approximately $225 or 100,000 naira per week, with a daily limit of about $45. Nigeria, the most populous country in Africa, has launched a central bank digital currency, eNaira, into its financial system, paving the way for new financial policies and regulations from the central bank. Senators Sanders and Warren introduce Social Security Expansion Act, with a proposed 12.4% tax on investment income for individuals making $200k or more to enhance benefits and make Social Security solvent through the end of the 21st century. □□ Senators Sanders and Warren Introduce Social Security Expansion Act Co-sponsors include Senators Lummis, Scott, and Braun. Tuberville argues that DOL should not dictate investment choices offered through brokerage window in 401(k) plans. Republican Senator Tommy Tuberville reintroduces bill for #CryptoAccess in 401(k) retirement plans, pushing back on DOL guidance. □ A US Senator Has Tabled a Bill Not to Exclude Bitcoin from 401k Plans Wyoming is known for its cryptocurrency-friendly approach. The legislation does not apply if the public key cannot be used, and it does not prevent someone from being forced to disclose information about the digital asset. Wyoming's legislators have passed a bill that prohibits state courts from compelling anyone to provide private keys to their digital assets and cryptocurrency in any proceeding. □ Wyoming Passes a Bill to Prevent Courts from Forcing Possible Private Keys Although some may view Ordinals as abusing the network, Ordinals developer Casey Rodarmor says these claims are unfounded. To create an Ordinal, users need to download Bitcoin Core and sync the node to the blockchain, create an Ordinals wallet, and send some satoshis to the wallet. ![]() □ Bitcoin Miners Received 600k in 2 Months from Ordinald NFT Protocolīitcoin NFTs are gaining in popularity with the advent of Ordinals that inscribe digital assets onto satoshis, the smallest unit of Bitcoin. Hi □ and welcome to the latest edition of The Bitcoin Beat! Here are some of the top news stories in the world of cryptocurrency. ![]()
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