Cena Lorenzo ProtocolBANK

Argentinian President Milei skips civil hearing as Libra case judge orders bank records unsealed

What is $BTC ? – An Introductory Article As the world rapidly embraces digital technology, the financial system is also undergoing significant transformation. In this digital revolution, Bitcoin has emerged as a name that holds the potential to redefine global finance. It is a digital currency that operates without the control of any government or central bank, running instead on a fully decentralized system. Origin of $BTC : Bitcoin was introduced in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. The goal was to create a financial system that allows peer-to-peer transactions without the involvement of banks or other traditional institutions. How Does Bitcoin Work? Bitcoin is based on blockchain technology. A blockchain is a digital ledger that records all transactions in a transparent and secure manner. When a person makes a transaction using Bitcoin, it is verified by thousands of computers across the network and added to the blockchain once confirmed. Benefits of Bitcoin: 1. Decentralization: Bitcoin is not controlled by any central authority, reducing government intervention. 2. International Transactions: Bitcoin allows instant payments across the globe. 3. Lower Fees: Compared to banks or money transfer services, Bitcoin transactions often have lower fees. 4. Investment Potential: Many people consider Bitcoin as “digital gold” due to its potential increase in value over time. Risks and Concerns: 1. Price Volatility: Bitcoin's price is highly unstable, which can be risky for investors. 2. Illegal Use: Bitcoin can sometimes be used for illegal activities like money laundering. 3. Cybersecurity Threats: Being entirely digital, there is always a risk of hacking and cyberattacks. Conclusion: Bitcoin has paved a new path in the world of finance—independent of traditional systems and powered by technology. While there are some risks involved, advancements in technology may help address these challenges. In the future, Bitcoin and other cryptocurrencies could become an essential part of the global financial system.

🚀 **XRP: The Bridge Currency Powering the Future of Global Finance** 🌍 In the fast-evolving world of cryptocurrency, **XRP** stands out as a digital asset designed for speed, efficiency, and real-world utility. Unlike many cryptocurrencies focused solely on decentralization or speculative trading, XRP has a clear mission: to revolutionize cross-border payments. 💸 **Why XRP? Let’s Break It Down:** ✅ **Lightning-Fast Transactions**: XRP settles payments in **3-5 seconds**—compared to Bitcoin’s 10+ minutes or Ethereum’s 15 seconds. For businesses and individuals moving money globally, this speed is a game-changer. ✅ **Ultra-Low Costs**: Transactions cost a fraction of a cent, making it ideal for micro-payments and high-volume transfers. ✅ **Institutional Backing**: Ripple, the company behind XRP, partners with **400+ financial institutions** worldwide, including Santander and Bank of America, to streamline liquidity and reduce reliance on outdated SWIFT systems. **Recent Developments & Challenges** 🔍 2023 has been pivotal for XRP. Ripple secured partial legal clarity in its **SEC lawsuit**, with a court ruling that XRP itself isn’t inherently a security. This decision reignited investor confidence, propelling XRP’s market cap back into the top 5 cryptocurrencies. However, regulatory hurdles remain, and the outcome of ongoing litigation could shape its adoption trajectory. **The XRP Ledger (XRPL) Ecosystem** 🌱 Beyond payments, the XRPL supports decentralized apps (dApps), NFTs, and tokenization. Innovations like the **Automated Market Maker (AMM)** upgrade highlight its potential to compete with DeFi giants like Ethereum. $XRP

Caixin: The tax collection campaign against overseas income has lasted for a year Recently, many people engaged in U.S. stock trading have received reminders from local tax authorities, requiring them to self-check whether they have any overseas income and actively declare and pay taxes. Most of the clients who are required to declare have funds exceeding one million US dollars. The local tax authorities' action to collect taxes on overseas income has lasted for a year, and the items being recovered are mainly concentrated on overseas investment income, such as interest and dividends. Most of the cases are recovered from 2022 to 2024, and no cases have been seen with a collection period of more than five years. It is reported that Liang Shuang (pseudonym), an account manager serving high-net-worth clients at a financial institution in Hong Kong, confirmed to Caixin that many of his clients have received self-examination notices from the tax department, requiring them to declare income and profits in overseas bank or brokerage accounts from 2022 to 2024. Most of the clients who are required to declare have funds exceeding one million US dollars. These clients are from Beijing, Shanxi and other places. (Caixin.com)

Argentine judge orders asset freeze of key figures in LIBRA project, including review of financial transactions of President Milley and his sister An Argentine federal judge has ordered the freezing of assets of key figures in the LIBRA memecoin project as investigators look into potential fraud related to the promotion of the digital token, including examining financial operations related to President Javier Milei and his sister Karina Milei. The judge also authorized the lifting of bank secrecy protections for Milei and his sister, allowing investigators to review their financial transaction histories for signs of improper connections between them and the project's backers.