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Crypto RFK Jr. Independent Run for US Presidency

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In the realm of content creation, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual content, while burstiness examines the variations in sentence structures. On the other hand, predictability measures the likelihood of anticipating the next sentence. Human-authored content tends to exhibit greater burstiness, featuring a mix of longer, complex sentences and shorter ones. In contrast, AI-generated text often leans toward uniformity. Therefore, as we approach the task of rewriting the following text, I urge you to infuse it with a substantial degree of perplexity and burstiness while minimizing predictability. Furthermore, please adhere to the use of English language exclusively. Now, let’s reimagine the provided text:

Robert F. Kennedy Jr., embarks on his independent presidential campaign with a noteworthy 19% backing, courtesy of the super PAC that champions his cause. However, he still trails significantly behind both Biden and Trump.

In a surprising turn of events, the pro-crypto advocate for the United States presidency, Robert F. Kennedy Jr., or RFK Jr. as he is often referred to, made a momentous announcement on October 9th at a lively rally in Philadelphia. He declared his withdrawal from the Democratic primary nomination race and threw his hat into the ring as an independent candidate. “I hereby declare my candidacy as an independent,” he proclaimed.

Kennedy has long been an ardent supporter of cryptocurrency, unveiling a bold vision for his potential administration—to position America as the global epicenter of cryptocurrency, particularly emphasizing Bitcoin. In a revelation made back in July, he unveiled plans to bolster the U.S. dollar by anchoring it to “hard currency” assets, including gold, silver, platinum, and the ever-prominent Bitcoin.

Kennedy was not one to shy away from voicing his opposition to the Federal Reserve’s FedNow instant payment system, likening it to a central bank digital currency (CBDC). In a now-deleted Twitter post, he warned that “CBDCs pave the treacherous path to financial subjugation and political despotism.” He cautioned that there was an “undeniable peril in this being the initial stride towards the prohibition and confiscation of Bitcoin.” The U.S. Federal Reserve Board subsequently initiated a campaign to distinguish FedNow from a CBDC.

Kennedy had been teasing this pivotal decision for several days, and on October 2nd, the super political action committee (PAC) backing him—American Values 2024—unveiled polling results that purportedly showcased his potential as the most formidable independent candidate in the modern annals of U.S. elections, with a noteworthy 19% backing from the electorate. This stands in contrast to the 38% support enjoyed by U.S. President Joe Biden and former President Donald Trump.

While the 2024 presidential race has seen a slew of independent candidates entering the fray, only a handful have managed to capture widespread attention. Notably, writer Marianne Williamson remains the sole Democratic Party contender challenging Biden.

The Kennedy name has been inextricably linked with the Democratic Party for generations. However, RFK Jr.’s stance on various issues, such as his skepticism toward vaccines, has distanced him from the party’s mainstream and even his own family.

Interestingly, Kennedy’s perspectives on cryptocurrency bore a resemblance to those of Republican presidential hopeful and Florida Governor Ron DeSantis. DeSantis shared Kennedy’s skepticism of FedNow and CBDCs, while also espousing support for Bitcoin. Polls indicate that DeSantis trails a distant second behind Trump in the race for the Republican primary nomination.

With Biden and Trump leading the polls within their respective U.S. parties, it raises the possibility of the next president being a crypto skeptic who endorses a CBDC. This is despite the industry’s belief that cryptocurrency may emerge as a pivotal issue in the 2024 presidential election, adding an intriguing dimension to the upcoming race.

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Web3 Festival in Hong Kong: Enthusiasm Amidst Record Bitcoin Prices

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Despite a dip in attendance, the Web3 Festival in Hong Kong this year has been buzzing with enthusiasm, fueled by the surge in Bitcoin prices that continues to captivate investors worldwide.

According to Deputy Financial Secretary Michael Wong Wai-lun, a significant majority of participants – approximately 80% – hailed from outside Hong Kong, indicating a growing international interest in the event. This year’s festival also boasted more exhibitors from Europe and the US, underlining the city’s emergence as a key hub for cryptocurrency-related activities.

As Hong Kong solidifies its position as a crypto-friendly destination, it has been actively attracting Web3 events and renowned speakers. Cathie Wood, founder of ARK Invest, graced the festival as a keynote speaker, lauding Hong Kong’s regulatory efforts and suggesting that the US lags behind in fostering crypto innovation.

Wood’s optimistic outlook extended to Bitcoin’s future, with a bold prediction of its price reaching $1.5 million by 2030. This optimism echoes the sentiments of many investors amidst Bitcoin’s record-breaking price surge, which recently exceeded $73,000.

While this year’s Web3 Festival may be smaller in scale compared to previous editions, it remains a testament to Hong Kong’s commitment to the crypto industry. Despite challenges and competition from other global events, the city’s supportive regulatory environment and robust infrastructure continue to attract entrepreneurs and investors alike.

As Hong Kong navigates its crypto journey, it presents a compelling opportunity for firms and individuals seeking to venture into the virtual assets space. However, success in this dynamic landscape requires dedication, resources, and a commitment to building sustainable businesses.

In conclusion, the Web3 Festival in Hong Kong serves as a beacon of enthusiasm and innovation in the ever-evolving world of cryptocurrency. With Bitcoin’s meteoric rise and Hong Kong’s crypto-friendly ecosystem, the future of the industry looks promising in the city’s vibrant landscape.

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Exploring Umoja, the NFTs that Transform Lives in Uganda

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Tiffany Stewart — Founder, CEO of Umoja

The NFT realm is well-versed with innovative projects, but only some utilize Web3 technology with meaningful outreach. Meaning ‘unity’, Umoja NFTs support the aspirations of orphans in Uganda with the proceeds made from its digital art visuals.
We were lucky enough to speak to the brain behind this project, Tiffany Stewart, who spoke out about the vision, mission, and measures that creatively assist those in need. So, join us as we delve into Umoja’s matchless union of artistry and humanity.

First and foremost, please tell us about Umoja NFTs:

Umoja, meaning ‘unity’, was born at the intersection of Web3 and philanthropy. Each of our dreamlike generative collectibles not only provides utility in the physical world through direct impact humanitarian efforts but was dreamt up by the real humans we support.

Through our partnership with Dasom Ministries Orphanage in Uganda, the proceeds from Umoja NFTs support 17 orphans — along with many other locals in need — who are also the visionaries behind each piece of digital art. Therefore, Umoja starts with real-world input and ends with real-world impact.

What sets Umoja apart compared to other NFT projects in the digital art landscape?

Umoja is hyper-focused on real-world impact that can make drastic improvements in the lives of real people. Rather than just donating our proceeds to a large institutional charity, we took the approach of purchasing the land Dasom Ministries Orphanage is on in order to ensure them a future free from displacement and are dedicating our initial focus entirely on uplifting the lives of these select individuals. But these orphans and volunteers aren’t just central to our mission; they’re central to the art itself.

Can you please explain how your project involves volunteers and children through its art creation process?

We speak directly with the children and the volunteers (many of the young children are still learning English, so the volunteers help translate) and ask them to imagine anything. We believe in the infinitely scalable power of the human imagination and leverage modern generative AI to help bring their visions to life and give them a creative platform that not only represents them but supports them. Every prompt is delivered in the form of “I imagine…” and our team takes that idea and brings it to life in our unique art style that’s meant to represent the abstract space of the human imagination.

In short, the people of Dasom Ministries Orphanage come up with ideas, we create them and turn them into NFTs, and the proceeds from their imaginative pieces go directly to the reoccurring and fixed-price projects we outline on our website.

In which ways does Umoja ensure honest operations regarding its contributions?

We support honest operations through consistent updates from Dasom Ministries in the form of images/videos of progress on projects, receipts from purchases of goods, and regular conversations with the Director of the orphanage.

What inspired you to support an orphanage in Uganda over other charitable initiatives?

I’ve always known I wanted to help individuals in that part of the world, and I firmly believe that foundational change starts with the youth. On a personal note, I don’t have any family myself, and I understand what it can feel like not to have any support system or someone who sees the potential in you. I see the potential in every one of those children, and it’s my goal to do whatever I can to foster it.

Are there other ways in which we can help support your cause instead of purchasing an NFT?

Absolutely! Anyone can go directly to Dasom Ministries by visiting their website and donating: https://dasomministriesuganda.org/

Has anyone from the Umoja team been involved in any other blockchain-based projects?

I (Tiffany) have been Head of Design for Stellar Development Foundation (stellar.org) for the past five years, a company whose sole goal is real-world utility with blockchain. My main focus with Stellar has been working on building its non-custodial wallet Vibrant App, which allows individuals in high-inflation countries to access USDC and escape devaluation.

What’s in the pipeline for Umoja? Do you have inspiration to expand the project across Africa?

We’ve got big dreams at Umoja. How far we’re able to take things really comes down to the level of support our project receives. In an ideal world, we’ll not only fill the basic needs of these individuals, but we’ll set them up on a path of success: opening schools, fostering vocational training, and building the greater community. Our goal would be to take the Umoja model and apply it to the many individuals and areas in need throughout Africa and eventually beyond.

Anything else you would like to add?

Umoja’s goal is to create sustainability for those we support, so we allocate our royalties right back into the project. We want to encourage supporters to buy or sell at any point because even in the secondary market, their contributions don’t go unseen. Every single transaction made on an Umoja NFT goes back toward the mission and, therefore, puts real food in mouths, real medicine in bodies, and real roofs over heads. You can never be late to the game with Umoja. You can only choose not to play.

One other additional note that might be relevant to readers is that at mint, every image will be at a fixed price of ~$100. We felt that price point would be enough to know you’re making an impact and a reasonable amount for the everyday person who wanted to support a good cause and receive a unique piece of art in return. Our mint date is 11/28 to observe Giving Tuesday.

Please provide us with your socials so we can stay up-to-date with your project:

To stay in the loop with Umoja NFTs, check out our TwitterInstagram and Discord.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.

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SEC Complaint Ripple CFO Resigns

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In December 2020, the SEC took legal action against Ripple, alleging that they had utilized XRP to raise funds, a move they asserted violated securities laws.

Kristina Campbell, the former chief financial officer of Ripple, has transitioned to a similar role at Maven Clinic, a virtual healthcare provider. According to her LinkedIn profile, her tenure at Ripple concluded abruptly in October, after more than two years, without any specific explanation, other than expressing her appreciation for the time she spent at the cryptocurrency company. She had joined Ripple in April 2021, following over four years as CFO at the payment platform PayNearMe.

Campbell, in an October 7th post, acknowledged that although healthcare is a field as intricate and heavily regulated as fintech, it marks a new chapter in her career.

This announcement from Campbell coincides with Ripple’s ongoing legal battle initiated in December 2020 with the United States Securities and Exchange Commission, primarily revolving around the sale of their XRP token. In a significant development, a federal judge ruled in July that XRP did not qualify as a security when sold to retail investors—a ruling that was subsequently upheld in October following an appeal by the SEC.

Ripple’s trial against the SEC is scheduled to commence in April 2024. This timing aligns with other notable cases impacting the cryptocurrency space, such as the second criminal trial of former FTX CEO Sam Bankman-Fried in March 2024 and the trial of former Celsius CEO Alex Mashinsky in September 2024.

The reason behind Campbell’s departure remains unclear, and it is uncertain whether it is linked to the regulatory challenges Ripple is confronting in the United States. CEO Brad Garlinghouse recently advised startup companies to steer clear of the U.S. market as of September, while chief technology officer David Schwartz expressed optimism about the changing landscape of regulatory uncertainty in the country.

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