Best crypto memes of the day – May 22nd

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• Russian lawmakers propose game-changing amendments to digital ruble bill

  TL;DR Breakdown Proposed amendments to the regulations governing the digital ruble in Russia focus on areas such as debt, services for non-residents, and the role of the central bank. The amendments aim to modify the Constitution and include significant changes. The current legislation allows enforcement officials to seize any amount of digital rubles. As a result of recent hearings in the Russian parliament, members of parliament have suggested significant amendments to the regulations that regulate the digital ruble initiative in the nation. The activities of the debt, the services provided to non-residents, and the role of the central bank are the critical areas of attention in the proposed modifications, which are intended to modify the Constitution as it was originally written. The Committee on the Financial Market of the State Duma has created a set of proposals to prepare for the second reading of the digital ruble legislation. According to a story published by the state-owned news site Interfax on May 22, these plans purportedly include several substantial alterations. The proposed changes include making it illegal for the Bank of…

  Article 2023年5月25日

• FrensTech deployer accused of $26K rug pull, first rug on Coinbase’s Base already?

  TL;DR Breakdown Uniswap developer and FrensTech deployer AzFlin is facing allegations of rug-pulling 14 ETH worth $26,000. AzFlin confirmed the project’s creation involvement but denied the accusation. Description Uniswap developer and FrensTech deployer AzFlin is facing allegations of rug-pulling 14 ETH, worth $26,000, from the FrensTech project on Base just four hours after launch. However, the developer has refuted the claims and asserted that he only removed 1 ETH liquidity that he had initially contributed to the project. FrensTech project rug-pulled on Base … Read more Uniswap developer and FrensTech deployer AzFlin is facing allegations of rug-pulling 14 ETH, worth $26,000, from the FrensTech project on Base just four hours after launch. However, the developer has refuted the claims and asserted that he only removed 1 ETH liquidity that he had initially contributed to the project. FrensTech project rug-pulled on Base According to UniswapVillain, the user who initially discovered the rug pull, they could track and identify AzFlin by analyzing the number of employees from Uniswap that followed the project on X. The user explained that AzFlin removed the ETH…

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• European Central Bank expected to hold rates amid slow economy activity

  TL;DR Breakdown The European Central Bank (ECB) is expected to maintain its current interest rates due to a swifter-than-anticipated economic slowdown across the Eurozone. There is an ongoing debate within the ECB between doves and hawks regarding the relationship between weaker growth and inflation. Industrial output in the Eurozone experienced a more significant decline in July than initially anticipated. Description The European Central Bank is poised to maintain current interest rates on Thursday, given the swifter-than-anticipated slowdown in economic activity across the euro area. Consumers in the region are showing restraint in their spending due to inflation eroding their disposable income, and the manufacturing sector has been on a declining trend since roughly mid-2022. While … Read more The European Central Bank is poised to maintain current interest rates on Thursday, given the swifter-than-anticipated slowdown in economic activity across the euro area. Consumers in the region are showing restraint in their spending due to inflation eroding their disposable income, and the manufacturing sector has been on a declining trend since roughly mid-2022. While economic theory would imply that these two…

  Article 2023年9月14日

• America’s economic stability: Here today, gone tomorrow?

  Description America’s economy surged this quarter, defying expectations and rocketing past forecasts. With growth rates touching the 3% mark, it seemed like the nation was on the brink of an economic renaissance. But is this a mere flash in the pan, or is America truly on a sustainable upward trajectory? Unexpected Drivers of the Economic Boom … Read more America’s economy surged this quarter, defying expectations and rocketing past forecasts. With growth rates touching the 3% mark, it seemed like the nation was on the brink of an economic renaissance. But is this a mere flash in the pan, or is America truly on a sustainable upward trajectory? Unexpected Drivers of the Economic Boom Rather than sliding into a recession, as many had anticipated due to interest rate hikes, America’s economy found unexpected fuel. Massive government spending under the Biden administration, combined with buoyant consumer spending, proved to be the shot in the arm the country needed. Then there’s the oil price windfall and a surging interest in Artificial Intelligence, further pumping optimism into the economy. Clearly, the apprehensions over…

  Article 2023年9月25日

• FBI report reveals rise of deceptive beta-testing scams targeting crypto investors

  TL;DR Breakdown FBI warns of malicious actors exploiting crypto enthusiasts through deceptive beta-testing scams. Fraudsters pose as legitimate investment platforms, and trick victims into downloading fake apps to steal funds. Rising reports of cryptocurrency holders falling victim to malware disguised as “play-to-earn” games. Description The U.S. Federal Bureau of Investigation (FBI) issued a cautionary report on August 15th, shedding light on a concerning trend where malicious actors exploit cryptocurrency enthusiasts through deceptive beta-testing schemes. The report highlighted how these fraudsters masquerade as legitimate cryptocurrency investment platforms, siphoning money from unsuspecting victims. The FBI’s investigation underscored a disturbing pattern – … Read more The U.S. Federal Bureau of Investigation (FBI) issued a cautionary report on August 15th, shedding light on a concerning trend where malicious actors exploit cryptocurrency enthusiasts through deceptive beta-testing schemes. The report highlighted how these fraudsters masquerade as legitimate cryptocurrency investment platforms, siphoning money from unsuspecting victims. The FBI’s investigation underscored a disturbing pattern – these culprits often initiate contact with individuals via dating and social media applications. Their strategy involves luring victims into downloading seemingly authentic beta-testing…

  Article 2023年8月16日