Ethereum Classic Will Bounce Back! This Is Why We dropped | Crypto News Update

Crypto News Alerts! weekly breakdowns- https://www.patreon.com/savageprofits
Follow me on
Instagram!- https://www.instagram.com/savageprofits/
Twitter- https://twitter.com/SavageProfits

Welcome to our latest Cryptocurrency News Update, where we dive into the latest developments shaping the crypto landscape. From Elon Musk’s insights to industry shifts, to ethereum classic experiencing a golden cross! I got you covered:

Elon Musk’s Crypto Standpoint:
Elon Musk dispels rumors about Twitter and his company ‘X’ launching their own cryptocurrency. While no formal announcement was made, Musk clarified his stance via Twitter. Despite this, he keeps the door open for potential crypto features in future ‘X’ projects. His involvement with Dogecoin and a recent lawsuit adds intrigue to his crypto endeavors.

Coinbase’s Transaction Slump:
Coinbase, the world’s second-largest crypto exchange, reports significant declines in Q2 transaction volumes for both consumers (70%) and institutions (54%). Market cap fluctuations and low volatility contribute to this downturn, alongside broader industry challenges. Lawsuits and layoffs hint at an ongoing struggle for the crypto exchange giant.

Revolut’s Crypto Service Suspension:
British fintech firm Revolut announces the suspension of crypto services for US customers, citing regulatory uncertainties and market instability. Starting September 2nd, cryptocurrency purchases will cease, followed by a complete halt of all crypto-related transactions on October 3rd. The decision, impacting less than 1% of Revolut’s global crypto users, aligns with their US banking partner’s perspective.

PayPal’s Stablecoin Introduction:
PayPal introduces the PayPal USD stablecoin, backed by US dollar deposits and short-term US Treasuries. This move sparks a 1.4% rise in PayPal’s shares and aims to boost the adoption of digital currencies for payments and transfers. Stablecoins like PayPal USD provide a less volatile alternative, and its peg to the US dollar adds stability to transactions. Regulatory discussions continue to shape the stablecoin landscape.

Stay informed about these key crypto updates and trends shaping the industry. Don’t forget to like, subscribe, and hit the notification bell for more insights into the dynamic world of cryptocurrencies!

#savageprofits #cryptonews #crypto #cryptocurrency #cryptocurrencynews #bitcoin #ethereum #ethnews #btcnews #btc #bitcoinnews #ethereumnews #ethereumclassicdailyupdate #EthereumClassic #ETC #Classicart #Cryptocurrency #LifeOfSavages #ripple #xrp #cardano #ada #solana #CryptocurrencyNews #ElonMuskCrypto #CoinbaseTransactionDecline #RevolutRegulatoryMove #PayPalStablecoin #CryptoClarification #CryptoMarketShifts #IndustryChallenges #CryptocurrencyLawsuits #DigitalCurrencyServices #MarketVolatility #USCryptoRegulations #CryptocurrencySuspension #StablecoinAdoption #DigitalPaymentSolutions #CryptoMarketAnalysis #FinancialInnovation #CryptocurrencyTrends #CryptocurrencyUpdates #DigitalFinance #BlockchainTechnology #CryptoInvestment #CryptoEconomy #CryptocurrencyInsights #CryptocurrencyTrading #StablecoinEcosystem #PaymentDisruption #FinancialTechnology #CryptoFuture #CryptoExploration

0:00 Elon Musk’s Crypto Standpoint
1:30 Coinbase’s Transaction Slump
3:03 Revolut’s Crypto Service Suspension
3:56 PayPal’s Stablecoin Introduction
5:25 Ethereum Classic Will Bounce Back!

Fair use is a legal doctrine that promotes freedom of expression by permitting the unlicensed use of copyright-protected works in certain circumstances. Section 107 of the Copyright Act provides the statutory framework for determining whether something is a fair use and identifies certain types of uses—such as criticism, comment, news reporting, teaching, scholarship, and research—as examples of activities that may qualify as fair use.

(Disclaimer: This channel has been prepared for informational purposes only and is not intended to be used as an only source to invest in different companies. Individuals should never invest in the securities of any of the companies’ talked on this channel as a guaranteed way to make money. Don’t just use this channel to invest. Please assume that all information provided regarding companies and their securities is not trustworthy unless verified by their own research. Invest wisely and use this channel to help!)