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Bank of America building catches fire in California as wildfire spreads. #USA #News

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Hong Kong’s Virtual Banks Eye Web3 Expansion Despite Regulatory challenges Hong Kong's virtual banks, holding just 0.3% of retail banking assets, are ambitiously exploring the Web3 space despite facing significant regulatory challenges. Legislator Johnny Ng Kit-chong is pushing for greater support for Web3 companies, highlighting the potential benefits for Hong Kong’s financial ecosystem. Crypto-related businesses face hurdles in opening accounts due to stringent regulations, leading some firms to consider relocating. However, Ng remains optimistic, advocating for a clear government strategy to foster Web3 growth. Mox Bank is already making strides, launching crypto ETFs and planning further digital investment opportunities. Additionally, Ng has floated the idea of incorporating Bitcoin into Hong Kong’s financial reserves as a hedge against inflation.As Hong Kong’s virtual banks navigate these regulatory waters, their efforts to expand into Web3 could signal a new era of digital finance for the city. #Web3 #ETF #Crypto #Hongkong

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What to read? 📖 The Four Agreements by Miguel Ruiz "The book is marketed as 'a practical guide to personal freedom,' but in a work setting I use it to check myself when I'm trying to solve a problem, listen to criticism, give constructive feedback, or resolve a conflict. The agreements--don't gossip, don't take things personally, don't make assumptions, and do your best--help me start from a rational position of trying to understand the issue at hand, without bringing any negative mental baggage that may come along naturally if I weren't aware of them. I also use the Four Agreements framework to analyze conflicts, so I can understand why someone may be reacting in a negative or emotional way and to help me remain calm if I'm involved in the conflict." --Bob Armour, CMO of interactive employee communication software company Jellyvision #howtomakemoney

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8 principles of a free and strong personality. I am responsible for my life, not other people. I have the right not to apologize and not to explain to other people the motives of my behavior. If I did so, it means that there were reasons for that. I have the right to change my mind at any time. And for this I do not need to ask anyone's permission or consent. I have the right to make mistakes and correct them. I'm not perfect, which means I can do the wrong things. But in my power to correct the deed. I can at any moment say: “I don’t know”, and not know the answers to any questions. I have the right to make any decisions, no matter how illogical they may be. If someone does not understand my motives for actions, these are not my problems. I can quite say: “I don’t understand you”, and not pretend that I understand everything. I have the right to say: "I'm not interested in this," and not get carried away with everything that other people like. #Selfdevelopment #howtomakemoney

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The capitalization of the largest stablecoin Tether (USDT) has almost reached $115 billion •Since the beginning of 2024, the capitalization of USDT has increased by almost $20 billion. After its fall to $66 billion in 2022, the figure has been growing almost without corrections. •At the end of July, Tether reported record profits - for the first half of this year, the company earned $5.2 billion, and the company's consolidated capital amounted to $12 billion. #USDT

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