FameEX Morning Crypto News Recap | October 30, 2023

Deutsche Post Unveils AI-Generated Crypto Stamp Showcasing Historical Landmarks

In November, Deutsche Post will release a "crypto stamp" featuring AI-generated depictions of historical structures. Customers can pre-order this stamp, which will be available in both physical and non-fungible token (NFT) forms. This unique offering allows collectors to possess a digital version of the stamp alongside the traditional physical one.

SEC Seeks $770 Million from Ripple; Attorney Characterizes SEC's Feelings as 'Frustration and Embarrassment'

The U.S. Securities and Exchange Commission (SEC) is pursuing a $770 million penalty from Ripple over alleged securities law violations. Attorney John Deaton characterized the SEC's emotions as a mix of frustration and embarrassment, stemming from its previous legal defeats against the crypto company.

Elon Musk Unveils Plan to Turn X into a "Powerful" Financial Platform – "Bank Account Not Necessary"

Billionaire entrepreneur Elon Musk has revealed his intention to convert his social media platform, X (formerly Twitter), into a comprehensive financial platform. He envisions X as a platform that covers all aspects of users' financial lives, including payments, obviating the necessity for traditional bank accounts. Musk aims to offer a unified financial solution within the platform.

Economist Peter Schiff Predicts a Weakening US Dollar and Advises USD Holders on Potential Losses

Economist Peter Schiff has issued a dire prediction about the U.S. dollar, foreseeing a substantial decline with potential consequences for the American economy and its residents' quality of life. He cautioned that U.S. dollar holders could face significant losses and highlighted looming challenges, including the possibility of a Treasury market crash, which could mark a turning point and a reckoning for the U.S. economy.

Mark Cuban Unveils the Authentic Essence of Cryptocurrency

Mark Cuban, the billionaire owner of the Dallas Mavericks and a prominent figure on Shark Tank, delved into cryptocurrency and non-fungible tokens (NFTs) in Wired's "Tech Support" episode. On the social media platform X, he engaged with users, sharing valuable insights into the world of digital assets.

Crypto Research: South Koreans Show Greater Altcoin Enthusiasm Than Americans

A recent report indicates that South Korean crypto traders favor high-risk, high-reward altcoins over their American counterparts. Major cryptocurrencies such as bitcoin and ethereum constitute a smaller share of trading volumes on South Korea's largest exchange compared to the leading U.S. exchange, suggesting a stronger appetite for alternative digital assets in the South Korean market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​