Sep 12: Coinbase's Flatcoins, Bitcoin Lightning Payments, Gensler's Oversight, PayPal's Crypto Service, Market Drops, and FTX's $3.4 Billion Portfolio

Welcome to another episode of Daily Crypto News! In today's roundup, we explore Coinbase CEO Brian Armstrong's thoughts on "Flatcoins" and their potential impact on the crypto landscape. David Marcus discusses Bitcoin payments and the Lightning Network's role in shaping the future of transactions. SEC Chair Gary Gensler highlights wide-ranging noncompliance issues ahead of his oversight testimony. Meanwhile, PayPal introduces a new crypto-for-USD conversion service, making crypto more accessible. We also delve into the crypto market's recent performance, with Ethereum, Bitcoin, and altcoin values dropping amid FTX's crypto liquidation efforts. Finally, we get insights into FTX's impressive $3.4 billion crypto portfolio, featuring Solana, Bitcoin, and Ethereum. Stay tuned for all these crypto updates!

Hashtags: #Coinbase #Bitcoin #SEC 

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News Links 👇

https://decrypt.co/155775/flatcoins-new-thing-on-the-horizon-coinbase-ceo-brian-armstrong

https://decrypt.co/155961/bitcoin-payments-david-marcus-lightning-network

https://decrypt.co/155967/gensler-cites-wide-ranging-noncompliance-ahead-of-oversight-testimony

https://www.theblock.co/post/250333/paypal-rolls-out-crypto-for-usd-conversion-service

https://decrypt.co/155931/ethereum-bitcoin-altcoin-values-drop-as-ftx-pursues-crypto-liquidation

https://decrypt.co/155837/apecoin-plunges-new-low-down-42-over-last-month

https://decrypt.co/155829/ftx-details-its-3-4-billion-crypto-portfolio-of-solana-bitcoin-and-ethereum

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 

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