Who is Scott Bessent — Potential U.S. Treasury Secretary
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Scott Bessent, 62, hedge fund manager and former associate of George Soros, emerges as a leading candidate for U.S. Treasury Secretary following John Paulson's withdrawal on November 15, 2024; Bessent has a pro-crypto vision, viewing Bitcoin as essential for economic growth and financial freedom; he has historical ties to Donald Trump and has been a key financial backer since the 1980s; Bessent founded Key Square Group in 2015, raising over $4.5 billion; his potential appointment aligns with Trump's focus on innovation and tech; Howard Lutnick, CEO of Cantor Fitzgerald, poses a last-minute challenge for the role; betting markets favor Bessent with a 64% nomination probability.

#ScottBessent #UsTreasury #Crypto #DonaldTrump #JohnPaulson #HowardLutnick #Finance #Bitcoin #KeySquareGroup #SorosFundManagement

https://crypto.news/bessent-steps-in-with-a-crypto-friendly-for-treasury/ 

 Analysts reveal bullish case for Bitcoin as global liquidity rises
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Bitcoin is poised to surpass its all-time high of $73,700; Goldman Sachs reduced U.S. recession probability from 25% to 20%; August jobs report on Sept. 6 could further decrease recession fears; U.S. Treasury plans to inject $271 billion in T-bills; Arthur Hayes predicts Bitcoin could exceed $100,000; China injected $97 billion into its economy; Jamie Coutts notes global liquidity expansion of $1.2 trillion; Bitcoin trading around $59,000 with resistance at $60,000-$62,000; Francesco Madonna sees potential for Bitcoin to reach $250,000; gold's all-time high signals bullish market for risk assets.

#Bitcoin #Cryptocurrency #GlobalLiquidity #GoldmanSachs #UsEconomy #China #MarketAnalysis #BullMarket #FinancialNews #Investment

https://crypto.news/global-macroeconomic-outlook-on-bitcoin/ 

 What is surveillance capitalism, and can crypto protect your privacy?
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Surveillance capitalism is a business model where tech companies collect personal data to predict and influence behavior for advertising. Crypto and blockchain technology offer potential solutions by enhancing privacy and limiting data extraction. Blockchain transactions do not require personal information, and cryptocurrencies like Monero and Zcash enhance user privacy. Blockchain can also be used for decentralized identities, secure healthcare data management, and data integrity with AI. The future of crypto includes adoption of privacy coins, blockchain in consumer data rights, regulation and standardization, and blockchain's role in IoT. However, regulatory frameworks and scalability issues need to be addressed.

#SurveillanceCapitalism #Crypto #Blockchain #Privacy #DataProtection

https://crypto.news/what-is-surveillance-capitalism-how-does-crypto-resolve-it/ 

 Hong Kong's crypto exchange HashKey goes global with Bermuda license
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Hong Kong-based crypto exchange HashKey is expanding globally with a new venture called HashKey Global. The exchange, which is licensed in Bermuda, will initially offer access to over 20 currencies exclusively to qualified retail investors. The company plans to introduce futures, staking, and other financial products in the next quarter. HashKey's current asset management scale exceeds HK$2 billion and is projected to quadruple to HK$8 billion by the end of 2024. The company is also seeking additional funding this year, potentially surpassing the $100 million raised in its previous Series A financing round. HashKey reaffirms its commitment to its Hong Kong base and will focus on the Asia-Pacific region in the next five years.



https://crypto.news/hong-kongs-crypto-exchange-hashkey-goes-global-with-bermuda-license/ 

 Cathie Wood calls US regulators to emulate Hong Kong's cryptocurrency policies
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ARK Invest CEO Cathie Wood urges US regulators to follow Hong Kong's cryptocurrency regulations. Wood praised Hong Kong's comprehensive regulatory framework and effective management structure in facilitating the trading of virtual assets. She believes the US should address regulatory uncertainties and support blockchain practitioners better. Wood predicts that Bitcoin's price could rise to $1.5 million by 2030 and highlights the impact of web3 and AI integration into blockchain technology. She spoke at the Hong Kong Web3 Festival.

#CathieWood #ArkInvest #UsRegulators #HongKong #Cryptocurrency #Regulations #Bitcoin #Web3 #AiIntegration #Blockchain

https://crypto.news/cathie-wood-calls-us-regulators-to-emulate-hong-kongs-cryptocurrency-policies/ 

 Crypto bulls take aim at US politics with $80m war chest
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Pro-crypto super PACs have raised $80 million to support candidates who favor cryptocurrency regulation and innovation. The super PACs, including Fairshake, Protect Progress, and Defend American Jobs, are backed by industry giants Coinbase, Ripple, and Andreessen Horowitz. They have already made significant contributions to candidates such as Governor Jim Justice in West Virginia and are strategically positioning themselves to support Republican hopefuls in Ohio and Massachusetts. The alignment with former President Donald Trump, who has recently shown support for cryptocurrencies, adds another layer to the narrative. These PACs aim to counter crypto critics like Senators Elizabeth Warren and Sherrod Brown and shape the future of cryptocurrency regulation and economic growth in America.

#Cryptocurrency #UsPolitics #SuperPacs #Regulation #Innovation #Candidates #Coinbase #Ripple #AndreessenHorowitz #DonaldTrump #ElizabethWarren #SherrodBrown

https://crypto.news/crypto-bulls-take-aim-us-politics-with-80m-war-chest/ 

 European Central Bank to improve privacy for digital euro
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The European Central Bank (ECB) has pledged to introduce upgraded privacy measures for the digital euro, guaranteeing robust data protection and privacy standards. The ECB aims to establish a single access point to verify users’ digital euro holdings, known as the holding limit. In collaboration with the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS), the ECB has put forth recommendations to uphold stringent personal data protection. The digital euro is envisioned to facilitate electronic payments for individuals, both online and offline, while prioritizing privacy and data protection. The Eurosystem would be unable to discern the identities behind digital euro transactions, with only payment service providers possessing access to such information. The offline transactions using the digital euro aspire to mimic the discretion of cash exchanges, safeguarding transaction details between payer and payee. Online transactions will involve the ECB handling a minimal set of pseudonymized data, primarily for essential functions like settlement. The digital euro is designed to be interest-free, with limits on public holdings, and will be compatible with traditional banking institutions. Critics have raised concerns about excessive government control and the potential erosion of privacy associated with a digital currency. The ECB's commitment to elevating privacy standards with the digital euro comes as a welcome relief to proponents of central bank digital currencies (CBDCs).

#EuropeanCentralBank #DigitalEuro #Privacy #DataProtection #CentralBankDigitalCurrencies

https://crypto.news/cbdc-european-central-bank-privacy-digital-euro/