Hello McFinancers! With a lot of news and events going on in crypto. We thought that we would dedicate today’s news to crypto.

The latest in financial news: The two biggest trends, AI and blockchain, integration is growing, PayPal’s USD stablecoin goes live, and Post Malone attacks CBDCs (central bank digital currency).

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AI and Blockchain

Two of the biggest trends within the past 15 years, AI (artificial intelligence) and blockchain have seen massive opportunities for growth and profits. We have heard of the various people who have become millionaires with Bitcoin. How they bought it for like $0.15 and now have a fortune. Recently, NVIDIA stock has exploded in price as news of AI has increased the price of the stock. Within the past few years, there have been many crypto projects who have been incorporating AI with its use of blockchain technology. There are projects that are using crypto to help with processing power, databases, learning programs, and much more. As AI continues to develop and grows, we will have to keep an eye out for investing purposes.

PYUSD Goes Live and Circle CEO Support

Over this past week, PayPal’s stablecoin (PYUSD) has gone live and is available to buy and transfer on their app. Even the CEO of Circle, which controls the stablecoin USDC, has said that this is good for the crypto market. He has said that he thinks the competition from PayPal will be good as this drives innovation. He also said that he expects additional companies and institutions to implement their own stablecoin. He even said that Circle was looking to form partnerships with other companies to help drive the incorporation of USDC with the business.

Post Malone Takes Swipe at CBDCs

During a recent show with Joe Rogen, Post Malone said that central bank digital currencies (CBDCs) would be a means of government control. As this isn’t the first time we have talked about CBDCs and the potential threats they have, this is another person who has expressed their fears of CBDCs. There are many politicians, athletes, business executives, and everyday Americans who don’t want the introduction of CBDCs. Even presidential hopefuls Robert F. Kennedy and Florida Governor Ron DeSantis have spoken out against them.

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