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Here’s what we have for you today:

• Congressman Warren Davidson Urges Rapid Prohibition of CBDCs, Accuses Fed of Creating 'Financial Equivalent of Death Star'

• Worldcoin Unleashes Highly-Awaited WLD Token: Ushering in a New Era of Identity Verification

• Ripple CLO Optimistic: XRP Ruling Set to Positively Impact Coinbase and Binance SEC Cases

• KuCoin: "Oh, No Mass Layoffs Here!" Cuts Are Just Part of Our "Normal" Operations

• ArticleCrypto Rookies’ Corner

Congressman Warren Davidson Urges Rapid Prohibition of CBDCs, Accuses Fed of Creating 'Financial Equivalent of Death Star'

Here we go! We've got Republican Congressman Warren Davidson with a brilliant plan here. He's worked up about those fancy Central Bank Digital Currencies (CDBCs) as he should be, and he's not shy about sharing his thoughts!

In response to the Federal Reserve Bank of San Francisco's hunt for a senior crypto architect who knows CBDCs inside out, Davidson's like, "Nuh-uh, no way! Let's outlaw those digital fiat currencies, peeps!" 🚫

Davidson's got a special name for these CBDCs, he calls them the "Death Star" – as in the Evil Empire! We’re guessing his position is they're just as dangerous as that planet-destroying warship. ☠️⭐️

According to him, CBDCs are money gone bad, like it's turned into some tool for the big bad government to control us all. 😈 And you know what he's saying to Congress? "Quick! Ban it, criminalize it, and don't even think about designing, building, testing, or setting up a CBDC!" 🚫⛔

Earlier this year, he had a chat with his buddies in Congress, telling them to take serious action against CBDC development in the good ol' US of A. He's all about protecting our privacy and freedom, 'cause, you know, a Central Bank Digital Currency would be like a privacy wrecking ball! 🛡️🔨

But wait, it gets crazier! He's got this whole vision of governments worldwide coming together to create this Orwellian payment system – just like the Chinese style, all centralized and controlling. And he's like, "Hey, Congress peeps, talk to your state legislators, we need to shut this down!" 🗣️💬

But you know how it goes, right? Those CBDC advocates are not backing down! They're out there trying to make this Orwellian dream a reality, despite Congress being the only one with the power to make it happen. So much for rules and regulations! 🤷‍♂️

So there you have it, folks! Davidson's fighting tooth and nail to keep those CBDCs away, and he's got a mouthful to say about it. Let's see if this direction takes us to a Big Brother-style state, of course, it will be too late!

Worldcoin Unleashes Highly-Awaited WLD Token: Ushering in a New Era of Identity Verification

Worldcoin, is the crypto project we've all been waiting for! 🙄 Spearheaded by the almighty Sam Altman, because, of course, he knows everything about AI and crypto. They've released their revolutionary WLD tokens today, and guess what? It's going to solve ALL the challenges caused by the surge of AI tools! 😱 Oh, privacy advocates might have some concerns, but who needs privacy when you can have some fancy iris-scanning orbs validating your online identity?

So, what's the big deal with these WLD tokens, you ask? Well, they're not just your average digital currency, no sir! They're the backbone of the entire Worldcoin ecosystem! 💪 You get some tokens for getting your eyes scanned, and then you can expect more handouts in the future! 😤 Just sign up, visit an orb (wherever they show up), and voila! You're a verified person in the Worldcoin universe! 😒

Of course, they had some setbacks along the way, but who hasn't? 😏 But finally, they managed to launch the WLD token and distribute it to the whopping two million verified individuals worldwide! 🥳 Because nothing says decentralization like doing everything in over 35 cities across 20 countries, right? 😂

But hold your horses, folks! The tokens won't be available in the U.S., no sir, because regulations are just too much of a hassle! 😅 And hey, they're promising even more orbs coming soon, so you can get yourself verified even faster! 🏃‍♂️

And don't forget, Sam Altman, the CEO of OpenAI (remember ChatGPT? Yeah, that one), is also behind Worldcoin! 🤯 So, this whole project is a response to the frightening evolution of AI tools, especially ones like ChatGPT. We must be scared! 👻

But don't worry, folks, they're not selfish! They've set aside 20% of the tokens for themselves and their investors, because, hey, they deserve some profit too, right? 💰

Now, they envision a world full of use cases for their protocol and verified credentials, from lending programs to universal basic income models! 🏦🤑 Oh, and let's not forget the metaverse! Because nothing screams "future" like virtual worlds backed by blockchain, right? 😎

And let's not forget the price! At the time of writing, the WLD token is trading at a mind-blowing $2.58! 🚀 I mean, who wouldn't want a piece of that? 😂 But wait, don't make any decisions just yet! If you're curious about their future prices, read their oh-so-reliable article on WLD price predictions! 😂😂😂

So, in conclusion, Worldcoin's token launch is a monumental event, bringing together the wonders of blockchain and biometric authentication. But hey, privacy and regulations, who needs 'em? Just trust those orbs and let them have all your personal data! What could possibly go wrong? 🤷‍♂️ Only time will tell if this magical blend of tech and identity verification will fly with the crypto market and users. Good luck, Worldcoin! You're gonna need it! 🍀😉

GhostFi’s™ Recommended Exchange

Ripple CLO Optimistic: XRP Ruling Set to Positively Impact Coinbase and Binance SEC Cases

Ripple's CLO Stuart Alderoty is so excited to tell us that their little court victory about XRP being not a security is going to have a huge impact! 🎉💫 I can feel the excitement bubbling up!

So, apparently, in mid-July, Ripple managed to win against the SEC. Bravo! 👏 The court ruled that Ripple and its big shots are innocent of those pesky unregistered securities allegations about XRP. Yay for them! 🎊

But wait, there's more! 🤩 In an interview with the oh-so-prestigious TechCrunch Chain Reaction podcast, Alderoty decided to share his profound wisdom. He thinks this ruling will be a game-changer for two other SEC cases against Coinbase and Binance. Wow, what a revelation! 🙌

According to Alderoty's oh-so-brilliant analysis, since their token trading doesn't mean they're in cahoots with investments, it's not a security. Duh! 🤔 SEC, you better listen up and learn something for once. But hey, he's a generous guy; he kindly suggests that the SEC just leaves the room if they can't handle the truth. How considerate! 😂

Oh, wait! Alderoty's optimism comes with a catch. He's convinced the SEC won't stop trying to regulate the crypto sector. No way! 🛑💢 But hey, he's not worried about XRP's security status. Maybe just those sneaky institutional sales. But pfft, who cares? Not a security, remember? 🤷‍♂️

But seriously, folks, our dear Alderoty stresses that crypto investors need protection. Aww, how sweet! 🥰 And guess what? There are other "compliance" ways for those crypto exchanges to play nice. So stop worrying, people! 🤫

Oh, one last thing, just in case you were confused. Alderoty wants you to know that Ripple and XRP are not joined at the hip. They're like, totally separate entities. So let's give them a round of applause for making that clear! 👏👏

Ah, what a time to be alive! 🎉 Can't wait to see what happens next in the thrilling world of crypto and court battles. Until then, stay sarcastic, my friends! 😜✌️

KuCoin: "Oh, No Mass Layoffs Here!" Cuts Are Just Part of Our "Normal" Operations

Oh, hold the press! 📰💥 Cryptocurrency exchange KuCoin wants to set the record straight and squash those pesky rumors about laying off 30% of its workforce. Oh, how could we ever doubt their good intentions? 😒

According to a KuCoin spokesperson, they're not planning any layoffs at all! No siree! 🙅‍♂️ Those "potential cuts" are just a part of their grand plan to expand their business development. I mean, who doesn't need a little bit of trimming to grow, right?

And look at their CEO, Johnny Lyu, jumping in on Twitter to save the day! 🦸‍♂️ He wants you to know that everything's hunky-dory over at KuCoin. Those "potential staff cuts" are just a regular performance evaluation, no big deal! They just want to stay "competitive and dynamic" in the ever-changing crypto world. How noble! 🌟

Oh, but wait! The drama doesn't end there! It seems like this whole fiasco started with an independent journalist's post. Wu Blockchain, you naughty little rumor-starter, you! 🤨 KuCoin had to swoop in and make an official statement just to clear up this misunderstanding. How embarrassing! 😳

But hey, don't worry, they didn't bother telling us exactly how many employees will be hit or which poor souls will suffer the most. Why give us specifics when we can just speculate, right? 🤷‍♀️

Oh, and let's not forget, they made sure to mention that they currently employ around 1,000 staff worldwide. Johnny Lyu wants us all to know how proud he is of that number, which is "steadily" increasing. Bravo! 👏

Now, let's talk about the crypto industry's heavyweights and their layoff adventures! 💔 Binance, Coinbase, and Kraken all had their fair share of slashing employees. But don't worry, it's all in the name of progress, right? 🚀

Well, well, well! According to some data from March 2023, it seems like the crypto industry might finally be done with its layoff spree. What a surprise! 🎉 Who knew things could change so quickly?

Oh, and by the way, don't forget to check out the magazine's "Crypto City guide to Sydney." You know, just in case you need a distraction from all this juicy crypto gossip! 😉🏙️

💰 Crypto Rookies’ Corner 📈

What is KYC?

KYC (Know Your Customer) is a mandatory verification process required by crypto exchanges in the U.S. and many other countries to comply with anti-money laundering (AML) regulations. During KYC, users provide personal information such as name, date of birth, address, email, and phone number. Some exchanges may require additional details like social security number, source of income, and government-issued photo ID.

The purpose of AML regulations is to prevent illegal activities like money laundering and terrorist financing. KYC helps create a database that law enforcement agencies can use in investigations related to criminal activities. Most major crypto exchanges now require KYC for new users. Though it may seem cumbersome, it ensures legitimacy and trustworthiness in the crypto market.

Phantom Press

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.TBA