News update and Paypal is not only going to attack the stablecoin market.

It was declared that NFTs are dead, however, why is Paypal filing patents for NFT trading and transfer? What I speculate is very clear for much of the people in the forum. What we have witnessed on 2017 with Cryptokitties and Cryptorocks were only the beginning. The bluechip NFTs might become native store of value assets for the cryptospace and DeFi with small marketcap NFTs fighting for their place to get the bluechip classification.



Digital payments giant PayPal has filed a patent application for a system that would enable the transfer and trading of non-fungible tokens (NFTs) within its network. The company’s application would allow users to buy and sell NFTs using fiat currency or other cryptocurrencies directly on PayPal’s platform. This move comes as the popularity of NFTs continues to grow, with more and more artists and creators using them to sell digital assets such as artwork and music. PayPal’s entry into the NFT market could make it easier for both buyers and sellers to use the technology.

Source https://coinpedia.org/crypto-live-news/paypal-seeks-patent-for-nft-trading-and-transfer/

Similar to what I have said before already, this will be the physical appearance of the man who will knockout the Predator Ngannou and put him on a stretcher to be pulled by Mike Tyson going to the hospital hehehe. I cannot support an MMA fighter to win against the best in boxing after witnessing Conor vs. Floyd. The feeling as a fan after watching the fight was similar to an ICO scam. The Gypsy King vs. The Predator will also be a similar feeling.

I would like to witness this recommendation by their court become a precedent that would open the doors for bitcoin to be traded, mined and used openly in China. I was very bullish on the return of bitcoin in Shanghai before, however, the communist party of China might be a difficult challenge. They do not have an uncle Gary who we laugh on and make jokes. The communist party will kill people or imprison them in rural educational centers similar to Alibaba founder Jack Ma if they do not listen to the mysterious elders of the party.


Chinese man bidding in bitcoin auction

A recent Shanghai People’s Court announcement in China acknowledged Bitcoin as a unique digital currency despite the country’s official ban on cryptocurrencies.

In the article, the Shanghai court recognized Bitcoin as a distinctive digital currency, setting it apart from virtual counterparts like Q coins. It cited Bitcoin’s rarity, global acceptance, and inherent monetary qualities. This stands in contrast to China’s conventional classification of cryptocurrencies as speculative investments.

Regulatory bodies in China have prohibited cryptocurrency trading and mining. However, the court expressed the view that Bitcoin’s attributes make it challenging to ignore in legal contexts. When disputes arise regarding theft or ownership, the article suggests that Bitcoin can be considered personal property, acquired through purchase, mining, or inheritance.

This announcement builds upon a previous decision by a Shanghai court in May 2022 that also acknowledged Bitcoin’s legitimacy. At that time, a legal expert argued that China’s laws could indeed protect cryptocurrency holders despite the trading ban.

Read in full https://watcher.guru/news/bitcoin-recognized-as-a-digital-currency-in-shanghai

@Darker45. It certainly confirm our overextended and exaggerated speculation if CZ also sells Binance.us to another centralized trading platform in America and declare that they are out of the US market hehehe.

CZ was quoted in many articles on 2018-2019 that his longterm roadmap for his Binance was to become a decentralized organization without having an official headquarters or official offices.

I am skeptical. I would not be shocked of there was a secret agreement between CZ and the new owner. This might be a new strategy for Binance to decentralize their operation and make it more difficult for regulators to crack them down or am I making an overextended assumption?

In any case, they have reopened their services in Belgium. They might have been given a license and an approval or did they find another ambiguity in Belgium's rules and regulations hehehe.

Uncle Gary is being very cautious in what he might say in this testimony because it might be taken as a precedent by lawmakers and judges that other cryptocoins could also be argued as commodities. Also, he declared that bitcoin can be a security according to the interpetation of other laws. This Gensler should not be underestimated. Bitcoin maximalists cheer for him when he said that everything except bitcoin is a security, however, if he can find an interpretation in the law that bitcoin is a security, he will do it.

I also speculate that he is a bagholder of a token. This might be causing his hatred on the cryptospace hehehe. Did everyone watch the video of him where he shilled Algorand? He said Uber could exist inside of Algorand hehehehehe.



During recent testimony before Congress, SEC Chair Gary Gensler reiterated his belief that Bitcoin is not a security but declined to state whether it is a commodity.

When asked by Congressman Patrick McHenry if he believes Bitcoin is a security, Gensler responded that he, SEC staff, and prior chairs have said it does not meet the Howey Test that defines securities under US law.

However, when McHenry followed up, asking if that meant Bitcoin was therefore a commodity, Gensler showed reluctance. He stated that Bitcoin is not a security but that “the test is otherwise for other laws” regarding its categorization.

During the testimony, McHenry also criticized SEC Chair Gary Gensler over his lack of transparency around interactions with collapsed crypto exchange FTX and its founder, Sam Bankman-Fried.

Source https://watcher.guru/news/secs-gary-gensler-says-bitcoin-is-not-a-security

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I am quite certain that Stafford will continue having low performances if Cooper Kupp does not return. It also appears that this news update is implying that he might not return. This selling of his mansion in Oregon for $3.5 million will pay for his long vacation away from the field hehehe. If there is a news update that he bought a yacht, I will drop Cooper Kupp hehehehe.



The Los Angeles Rams wide receiver, currently sidelined with a hamstring injury, just hoisted his four-acre Oregon home on the market, The Wall Street Journal first reported. Listed for $3.5 million, Kupp bought the Wilsonville property sight unseen for a cool $2.5 million back in 2020. The spread, which sits 30 minutes outside of Portland, includes a five-bedroom main house and an almost 2,000-square-foot guest house. The four-car garage is set up as a gym, and Kupp converted a barn into a training facility during the pandemic.

Source https://www.yahoo.com/lifestyle/cooper-kupp-oregon-mansion-hits-210000163.html

I am not quite certain how the corrupt politicians in America make money from this, however, there might be some of them who welcome this type of situation to give them an argument to increase their budgets for the next budget hearings.

However, it appears this will become a crisis and mainstream media will make it certain that it will look like one if it does not become a crisis hehehe.



JUST IN: New York City is gearing up to pay over $1,000,000,000 on just hotels over the next 3 years to house illegal immigrants.

Good! That’s what happens when you call yourself a “Sanctuary City.”

But that’s just the hotel costs. NYC Mayor Eric Adams estimates the total cost of the migrant crisis will be about $12B over the next 3 years.

“We are past our breaking point,” he said. “With more than 57,300 individuals currently in our care on an average night, it amounts to $9.8 million a day. Almost $300 million a month and nearly $3.6 billion a year.”

Residents in NYC have had enough. In the video below, Staten Island locals were arrested for blocking migrant buses.

Source https://twitter.com/collinrugg/status/1706483062878748794

The skeptical me thinks this decision is the beginning of many to cause a cashflow shock on the cryptospace which will cause cryptocoins' prices to dump lower. There might be more announcements similar to this from other banks and in other jurisdictions this year. I think after this, they will implement strict regulations and AML rules to control how much inflows of fiat go to crypto.

I have always speculated that the government will support Tether and Circle to become their agents of control on how much inflows are allowed to enter the cryptospace.

Was this the thread where the bettor was asking for $50k to help hedge his bet? If he took his own thread down, I speculate that he might have cashed out.

In any case, agreed. I wish he did not cash out and he did not find $50k to hedge the bet and went away to hide from his wife with the whole amount hehehe.

This might be because he might be the only whale who is presently buying bitcoin. If there were other whales and institutional investors joining him like cousin Elon or grandma Cathie Wood, we would certainly would have witnessed bitcoin pump to $40k already.

There are people in this thread who reckon that the dump after Saylor's announcement was a coincidence or it was time to sell the news, Saylor top signal. I disagree with these. Saylor is the only one buying with size. Saylor is the recent top creator of last week's top.

@Rikafip. Strict regulations might only cause an opposite effect for a jurisdiction instead of being a cryptohub. Developers of the cryptospace can always stay anonymous and develop their platforms with a token to help attract people and create a community. Yes I know that there are scammers who use this model to scam, however, this relationship with community, token, developers and platform will not change whether there is strict regulations or not.

Agree on human decency but I reckon in the present circumstances of their economy, it might be safe to assume that they need to be stricter on border controls? Much of the people who enter the country illegaly do not pay taxes and I am not trying to repeat racist arguments, however, they do get some job opportunities from legal immigrants.

Also, the Mexican cartel has made big business out of moving people across the border every year. They might be including their own members. I am quite certain that you would agree that this needs to be controlled.

In any case, Trump is leading against Biden in surveys and this is not because they speculate that Trump will be a good president. The people hate Biden and the Democrats.

@pawel7777. There is a few of them in social media, however, they always appear to hate CZ, KYC and centralized exchanges as a whole. I am not arguing that CZ is not a clown and a hustler but it is head scratching to witness them to want uncle Gary to be victorious in putting CZ in prison. This is also funny because this will not be good for the cryptospace. This will set another precedent that if target no.1 is finished, who will be target no.2 and 3? This might only be the beginning if CZ does not fight the lawsuits filed against him and Binance.

However, it might not be a coincidence. I reckon in moments when the market has low activity, this is where Saylor begins to buy which causes small pumps on bitcoin.

I am also quite aware that this news is bullish but reality has shown that it might only be Saylor who was buying from $25k to $27k with size. After he stopped, the price declined.

Correct hehehe. I replied with Elon's picture to express this, however, I am not quite certain why it was deleted by a moderator. Someone reported it, I reckon. Moderators much of the time are not very strict in the forum.

Also, this picture is very annoying which makes this also very funny hehehehe.



In any case, the hate on cousin Elon's appears to have started after his guest appearance on Saturday Night Live. If anyone has seen it, he clearly made it appear that our community is only made up of nerdy cryptobros and moonbois.

I am in a similar situation, however, I might get lucky on week 4 hehehe. Who is Eli-2 Brady-0? I reckon that my week vs. him will depend on Derrick Henry. If he performs similar to week 3 I will certainly have 0% chance of winning especially if Stefon Diggs or Olave has a better than expected week. Good luck to us for next game week!

Also, Massage Watson has a good performance, I wish this will continue. If it does, I will only need Cooper Kupp to get out of IR! The past update on his injury was 2 weeks. Is this no news is good news or no news implies out for the season?

There are people in social media who are spreading rumors that Sam's father was part of an advisory board of the Democratic Party's dark money network. Also according to them it was mentioned in FTX's lawsuit. There were no sources presented, however. It might only be fud.

But what does have a source is according to this, Sam Tabasco's yacht was bought using customer deposits hehehe.



Source https://twitter.com/sunil_trades/status/1697657482674360357