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🚀 Speed Launches USDT-L: Tether's First Iteration on Bitcoin's Lightning Network 🚀 💡 What are your thoughts on USDT-L's potential impact? Will it change the game for stablecoins? Share your insights below! Speed Wallet introduces USDT-L, the first-ever Tether (USDT) implementation on Bitcoin's Lightning Network (LN). - Powered by the new “taproot assets” protocol from Lightning Labs. - Objective: Enhance the utility and adoption of both LN and stablecoins. - Key Benefits: - Quick & Low-Cost Transactions: Leveraging LN's speed and efficiency. - Stable-Value Option: Providing users with the stability of USDT combined with the advantages of LN. - Enhanced Privacy: - Off-Chain Transactions: Minimized visibility on the main blockchain. - Obfuscated Payment Routing: Increased transaction privacy. - Limited Information Disclosure: Only essential details are shared. - Speed's Vision: To revolutionize the way stablecoins are used by integrating them into Bitcoin's Lightning Network for faster, more private, and cost-effective transactions. #USDTfree #USDTfree
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⚖️ Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status ⚖️ - Crypto Advocate James Utudor: - Filed a landmark lawsuit against the Nigerian government on Aug. 9. - Challenging restrictions on owning, using, and trading digital assets like Bitcoin (BTC) and stablecoins. - Defendants: Nigerian Presidency, Finance Minister, Attorney General, Central Bank, SEC, EFCC, Nigerian Police Force, NITDA, NCC. - Key Claims: - Fundamental Rights Violation: Restrictions infringe on Nigerians' rights to own and trade digital assets. - Impact on Residents: Denying access to crypto hinders Nigerians from using essential tools to hedge against inflation and facilitate international transactions. - Government's Stance: - Authorities implemented restrictions in early 2024 to curb crypto trade. - Accused global exchanges, including Binance, of enabling activities that contribute to the naira's depreciation and tax evasion. - Lawsuit Goals: - Lift Crypto Ban: Ensure unrestricted access to cryptocurrency exchanges for all Nigerians. - BTC as a Commodity: Seeks court recognition of Bitcoin (BTC) as a commodity, affirming the rights of BTC and USDT holders. 💬 What’s your take on this legal challenge? Will it succeed in overturning Nigeria's crypto ban? Share your thoughts in the comments! #Nigeria's #BTC☀
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🔻 Bitcoin Slips Below $59K Amid $132M in Market Liquidations 🔻
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If history is any guide, #Altseason2 could kick off in roughly 50-100 days. Now is the time to get ready. #history
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🚨 RUMOR ALERT 🚨 CHINA COULD FOLLOW RUSSIA AND UN-BAN BITCOIN AND CRYPTO BY THE END OF THIS YEAR. HUGE IF TRUE 🔥 #China #Russia #CryptoDawar
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