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LEAKED RIPPLE DOCUMENT HAS XRP ARMY THRILLED (Bank Insiders Go ALL IN) - YouTube
Channel: BitBoy Crypto
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coinbase claps back at big brother
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elon musk is considering creating his
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own social media platform
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and some very bullish xrp data is
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discovered my name is ben this is your
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nightly crypto news wrap up let's get it
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last week the eu had the industry
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holding its breath as they voted on the
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proof-of-work mining ban luckily it
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didn't go through
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everyone had a sigh of relief high-fived
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their friends and felt at ease for a
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couple of days anyway now the european
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union is back at it again
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and this week they're set to vote on a
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revision for the transfer of funds
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regulation this is big brothers weekly
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attempt to over regulate the crypto
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space off the back of crypto financing
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terrorism and money laundering they must
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have missed the memo that everything on
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the blockchain is visible forever and
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cash is still the best way to launder
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money what will this amendment do of its
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past
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first all crypto transactions will be
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travel rule eligible meaning that the
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center of the transaction has to provide
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not only their address and identity but
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the address and identity of the
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recipient as well
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this separates crypto from fiat because
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the fiat limit is 1 000 euro it's a
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worse invasion of privacy for those who
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use self-hosted wallets because the
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exchanges will be obligated to collect
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verify and report information about
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wallet users who aren't even their
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customers although the limit is 1 000
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euros for the self-hosted wallet
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transactions
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it's still egregiously unethical because
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they're leaving the door open for more
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regulations or bans against them a
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similar regulation is already about to
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start in canada on april 4th people are
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not happy about it coinbase recently
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posted a blog
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imploring people up to speak up since
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this amendment would be against their
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privacy rights in the post they touch on
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how bad facts make bad law coinbase
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states if adopted this revision would
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unleash an entire surveillance regime on
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exchanges like coinbase stifle
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innovation and undermine the self-hosted
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wallets that individuals use to securely
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protect their digital assets
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the outcome of this vote could be as
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early as this thursday and hopefully it
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gets shut down like the last proposal
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but some people such as patrick hansen
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seem to think this one is more likely to
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pass since it has multi-party support
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the eu's terrible misunderstandings
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about the crypto space are turning into
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terrible policies that will hit harder
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than will smith at the oscars
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stories like this are all too relevant
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in this day and age people don't want
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governing bodies prying into all of our
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businesses we respect freedom we can
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regulate ourselves we live in a country
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that was built off the idea of freedom
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yet government overreach and censorship
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are alive now more than ever in response
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to this elon musk weighed in on twitter
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over the weekend stating that he's given
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serious thought to opening a social
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media platform of his own
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in another tweet on friday he stated
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free speech is essential to a
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functioning democracy
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underneath it he did a poll asking do
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you believe twitter rigorously adheres
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to this principle just over seventy
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percent of the two million people who
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voted on the poll said no and that says
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a lot
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twitter must realize they're on thin ice
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with their users considering the fact
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they didn't pull this tweet down
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although there have been several failed
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attempts for censorship free platforms
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if anyone has a chance to pull it off it
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could be elon musk comment below on what
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you think elon would rename twitter to
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if he bought it now let's head over to
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frankie candles for some market update
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thank you ben all right guys let's jump
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in and do a little market watch here we
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got bitcoin coming in at 47 204. we got
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ethereum coming in at 33.49
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up about 1.8 for the day we had bitcoin
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crack that 48k level we had ethereum
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break that 3 400 level things are
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feeling bullish things are feeling good
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let's take a look at the top movers we
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got waves coming in at up 34 for the day
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we got gno up 14.5 for the day we got
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file coin up 12 percent we got eos up
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eight percent we got loopering up 6.8
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things are feeling bullish everybody if
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you want to follow me on youtube it's
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frankie candles and then if you want to
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follow my socials i'm at frankie
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underscore candles on all socials back
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to the news finally some breaking news
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about xrp that's rocking the banking
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world an elite goldman sachs
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presentation from november of 2021
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twitter user w kahneman found that the
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banking giant breaks down digital assets
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and blockchain for their investment
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banking division to get them up to speed
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on what's happening in blockchain
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but the slide on page 37 is what really
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set crypto twitter on fire when goldman
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sachs called out circle coinbase and
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ripple is what they consider to be the
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standards for crypto payment ecosystems
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ripple net was noted as the cross board
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payment system and the document that was
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the middleman between on-ramps like
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circle and off-ramps like coinbase this
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is huge news for xrp holders backs up
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what we've been telling you for months
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now that the sec case against xrp is a
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show smoking mirrors next rp is going to
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come out on top
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looks like april is going to be a month
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for the history books make sure to smash
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that like button don't forget to
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subscribe to the channel that's all i
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got be blessed boy out
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you
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