Binance Academy launches intermediate-level courses to boost Web3 education

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• SBF shocking bail request: will he get special treatment for ‘close friends?’

  TL;DR Breakdown SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures currently in place. The security measures outlined in Bankman-Fried’s bail conditions require a security guard to be present at the house to screen visitors for electronic devices, as well as having visitors sign an electronic visitor log.  As part of his current bail conditions set by Judge Kaplan, Bankman-Fried is allowed limited use of a laptop that can only access court-approved sites, including selected news sites and YouTube.  Description Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan. The letter states that SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures … Read more Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan….

  Article 2023年7月15日

• Haru Invest suspends withdrawals due to a service partner issue

  TL;DR Breakdown Haru Invest, a company in South Korea, halts withdrawals to protect investors after a partner defaults.  Haru provides attractive dividend rates ranging from 12% to 25%, with approximately $1 billion in assets. There is so much controversy surrounding the investment firm. Haru Invest, a South Korean digital asset management company, has suspended withdrawals from its system due to an issue with one of its service partners. The decision was made to protect customer funds while a contingency plan was developed. Haru Invest, a company known for offering attractive dividend rates, has faced controversy and speculation surrounding its financial situation and past mergers. Controversy surrounds South Korean asset management firm Haru Invest A South Korean company called Haru Invest, which manages digital assets, has banned withdrawals from its system due to an issue with one of the service partners. In an announcement on June 13, the company stated that the suspension was a difficult decision to protect customer funds until a contingency plan could be devised to address the situation. Important update from Haru Invest. https://t.co/igdTS2DaNp pic.twitter.com/E8mB6PeDQW — Haru…

  Article 2023年6月16日

• There is a little trick to Federal Reserve’s inflation fight

  TL;DR Breakdown Federal Reserve Chair Jay Powell attributes reduced inflation to factors beyond the Fed’s control and rate hikes that have curbed credit demand. Despite the rise in federal funds rate, credit growth in the U.S. still exists, primarily due to credit cards. Description There’s a subtle cunning to the Federal Reserve’s latest endeavors in tackling inflation. Chair Jay Powell, when questioned about the downturn in inflation, offered a comprehensive defense. He noted the subsiding impacts of the pandemic and the Ukraine conflict, falling food and energy prices, and a consumer shift back to services over goods. All these … Read more There’s a subtle cunning to the Federal Reserve’s latest endeavors in tackling inflation. Chair Jay Powell, when questioned about the downturn in inflation, offered a comprehensive defense. He noted the subsiding impacts of the pandemic and the Ukraine conflict, falling food and energy prices, and a consumer shift back to services over goods. All these factors were beyond the Federal Reserve’s influence. However, Powell also alluded to their efforts in managing credit demand through rate hikes. Credit demand…

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• Nigerian crypto exchange Patricia unveils tokenomics white paper amid customer repayment concerns

  TL;DR Breakdown Patricia, a Nigerian cryptocurrency exchange, released a tokenomics white paper to clarify the utility and value of its native token, partly in response to customer concerns about the repayment of investments. The white paper outlines an ambitious plan for repaying customers through the token but lacks a concrete timeline, leading to mixed public reactions and ongoing investor uncertainty. While the white paper could potentially improve Patricia’s standing with regulators, the absence of a clear repayment schedule raises new questions about the company’s commitment to its customers. Description Patricia, a Nigerian cryptocurrency exchange, recently released its tokenomics white paper, aiming to clarify the utility and value proposition of its native token: Patricia Token (PTK). The company announced its PTK tokens’ launch following a security breach in May 2023, resulting in fund losses. Although the company confirmed that customer funds remained safe, platform users … Read more Patricia, a Nigerian cryptocurrency exchange, recently released its tokenomics white paper, aiming to clarify the utility and value proposition of its native token: Patricia Token (PTK). The company announced its PTK tokens’ launch…

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• IOSCO releases recommendations to strengthen crypto regulation

  TL;DR Breakdown IOSCO has released a recommended guide to help regulators strengthen the regulatory framework of the crypto industry. The body wants regulatory clarity and criticism of the regulatory framework. The International Organization of Securities Commissions (IOSCO), a prominent global securities watchdog, has taken steps to assist policymakers in effectively regulating cryptocurrency. On May 23, the IOSCO Board’s Fintech Task Force released a consultation report containing a set of regulatory recommendations concerning cryptocurrencies. IOSCO releases its recommendations The report consists of 18 policy recommendations aimed at helping securities regulators worldwide address concerns related to market integrity and investor protection in the crypto space. Following a consultation period until the end of July, the recommendations are expected to be finalized by late 2023. In its first chapter, IOSCO presents an overarching recommendation advising regulators not to create disparities between the regulation of cryptocurrency and traditional finance. The organization suggests that crypto regulators should strive to achieve regulatory outcomes that are consistent with those required in traditional financial markets. This approach aims to establish a level-playing field between crypto-assets and traditional financial…

  Article 2023年5月25日