TL;DR Breakdown The United States cryptocurrency mining sector is ushering in a fresh lobbying entity, the Digital Energy Council (DEC), with a primary objective of debunking misconceptions concerning its environmental sustainability among policymakers. Thomas Mapes, the founder, and president of the DEC, cited instances of legislation emerging over the past year that has cast a shadow on the industry’s image. Description The United States cryptocurrency mining sector is ushering in a fresh lobbying entity, the Digital Energy Council (DEC), with a primary objective of debunking misconceptions concerning its environmental sustainability among policymakers. Launched on August 15th, the council is dedicated to advancing policies that foster the expansion of digital asset mining and energy development within the … Read more The United States cryptocurrency mining sector is ushering in a fresh lobbying entity, the Digital Energy Council (DEC), with a primary objective of debunking misconceptions concerning its environmental sustainability among policymakers. Launched on August 15th, the council is dedicated to advancing policies that foster the expansion of digital asset mining and energy development within the nation. Thomas Mapes, the founder and…

TL;DR Breakdown Coinbase has received regulatory approval from the NFA to offer crypto futures trading services to qualified customers in the U.S. Crypto derivatives are a growing market, accounting for over 75% of global crypto trading activity. Paradigm and Andreessen Horowitz (a16z) have submitted an amicus brief in support of Coinbase, expressing concerns over the SEC’s regulatory overreach. Description The largest U.S. cryptocurrency exchange, Coinbase, has obtained regulatory approval to offer crypto futures trading services to qualified consumers in the United States. Coinbase Financial Markets Inc., a company division, announced that it had received authorization from the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC). Greg Tusar, … Read more The largest U.S. cryptocurrency exchange, Coinbase, has obtained regulatory approval to offer crypto futures trading services to qualified consumers in the United States. Coinbase Financial Markets Inc., a company division, announced that it had received authorization from the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC). Greg Tusar, Coinbase’s VP of Institutional Product, hailed the approval…

TL;DR Breakdown Putin plans to discuss intensifying currency controls after a significant rouble decline. Proposals might require exporters to convert up to 80% of foreign earnings into roubles within 90 days. Other potential measures include restrictions on dividends, loans abroad, and tighter currency swaps. Description President Vladimir Putin is preparing to get down to the nitty-gritty of the spiraling rouble. Despite a striking 3.5 percentage point uptick in interest rates, the Russian currency continues its disheartening plummet. With all eyes on Putin and his subsequent moves, a new course of action is in the offing. Steering Currency Control: A Double-Edged … Read more President Vladimir Putin is preparing to get down to the nitty-gritty of the spiraling rouble. Despite a striking 3.5 percentage point uptick in interest rates, the Russian currency continues its disheartening plummet. With all eyes on Putin and his subsequent moves, a new course of action is in the offing. Steering Currency Control: A Double-Edged Sword In an imminent discussion with Russian policymakers, Putin is set to explore stringent currency control measures. Top on the agenda? Proposals…

TL;DR Breakdown The Dutch economy has officially slipped into a recession as it recorded consecutive declines in quarterly gross domestic product indicators. The decline can be primarily attributed to diminished exports and reduced household spending. Description The Dutch economy has officially slipped into a recession as it recorded consecutive declines in quarterly gross domestic product indicators. According to data from Statistics Netherlands (CBS), the GDP volume experienced a decrease of 0.4 percent in the initial quarter of this year, followed by a further dip of 0.3 percent in the subsequent quarter. … Read more The Dutch economy has officially slipped into a recession as it recorded consecutive declines in quarterly gross domestic product indicators. According to data from Statistics Netherlands (CBS), the GDP volume experienced a decrease of 0.4 percent in the initial quarter of this year, followed by a further dip of 0.3 percent in the subsequent quarter. Comparatively, the contraction of the Dutch economy by 0.3 percent stands out in contrast to the economic progress witnessed in neighboring nations. CBS pointed out that during the second quarter of…

TL;DR Breakdown Silvergate Capital, the parent company of Silvergate Bank, is undergoing significant changes as CEO Alan Lane and two other top executives prepare to step down from their positions.  Alan Lane and John Bonino, the chief legal officer, will be leaving their roles on August 15th, while Antonio Martino, the chief financial officer, is set to depart on September 30th. The company and Alan Lane are facing several proposed lawsuits, many of which center around the Company’s alleged involvement in the misconduct of the cryptocurrency exchange FTX. Description Silvergate Capital, the parent company of Silvergate Bank, is undergoing significant changes as CEO Alan Lane and two other top executives prepare to step down from their positions. This comes as part of the company’s plan to wind down operations and voluntarily liquidate Silvergate Bank, which was once known for its crypto-friendly stance. Alan Lane … Read more Silvergate Capital, the parent company of Silvergate Bank, is undergoing significant changes as CEO Alan Lane and two other top executives prepare to step down from their positions. This comes as part of…

TL;DR Breakdown The annual inflation rate in the UK saw a significant drop to 6.8% in July. Despite the cost-of-living crisis in the UK showing signs of improvement, households are still facing significant pressures. Description In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when … Read more In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when inflation was unexpectedly lower at 7.9%. From a monthly perspective, the headline CPI experienced a 0.4% decrease, slightly better than the projected -0.5% decline. UK inflation still high According to the Office…

TL;DR Breakdown SwirlLend on Base has been rugged, with TVL dropping from $784,300 to $49,200. Base appears to be the latest hotspot for rug pulls.   Description SwirlLend, a DeFi lending platform, has been rugged on Base, as PeckShield reported. The project suffered a rug pull today that led to the total volume of its assets falling from $784,300 to $49,200. Shortly after the rug pull, the protocol’s official accounts on X, Telegram, GitHub, and Discord channel were deleted.  The deployment also … Read more SwirlLend, a DeFi lending platform, has been rugged on Base, as PeckShield reported. The project suffered a rug pull today that led to the total volume of its assets falling from $784,300 to $49,200. Shortly after the rug pull, the protocol’s official accounts on X, Telegram, GitHub, and Discord channel were deleted.  The deployment also bridged $289,500 in ether and USDC tokens to the Ethereum blockchain from Coinbase‘s Base. The deployer also removed 32,600 USDC and 140.68 ETH while 92 ether is still held on the platform. In an update, PeckShield noted that SwirlLend got…

TL;DR Breakdown Volatility Shares is gearing up for a significant crypto move, targeting an October 12 launch for its Ether Strategy ETF. If approved, this ETF could be the first to offer Ether-linked exposure to U.S. institutional clients, marking a pivotal moment in cryptocurrency investments. Description The cryptocurrency market is buzzing with anticipation as Volatility Shares, a prominent financial institution, is gearing up to introduce its Ether Strategy ETF (ETHU) on October 12, 2023. If approved, this will mark a significant milestone in the crypto world, offering the first Ether-linked exposure to institutional clients in the U.S. This move follows closely … Read more The cryptocurrency market is buzzing with anticipation as Volatility Shares, a prominent financial institution, is gearing up to introduce its Ether Strategy ETF (ETHU) on October 12, 2023. If approved, this will mark a significant milestone in the crypto world, offering the first Ether-linked exposure to institutional clients in the U.S. This move follows closely on the heels of the company’s successful launch of the 2x Bitcoin-linked ETF (BITX) in July. Contents hide 1 The Rise…

TL;DR Breakdown Shiba Inu community collaborates with cryptocurrency advisory giant Alpha Transform Holdings to bolster the SHIB Doggy DAO’s growth and governance. ATH’s extensive experience, with ties to industry leaders like Nasdaq and Disney, promises to bring unparalleled expertise to the Shiba Inu ecosystem. Description The cryptocurrency world is no stranger to rapid developments and groundbreaking partnerships. The Shiba Inu community, one of the most vibrant and dynamic in the digital asset space, has recently made headlines with a significant new alliance. The community has successfully onboarded a major player from the digital asset domain, Alpha Transform Holdings (ATH), to … Read more The cryptocurrency world is no stranger to rapid developments and groundbreaking partnerships. The Shiba Inu community, one of the most vibrant and dynamic in the digital asset space, has recently made headlines with a significant new alliance. The community has successfully onboarded a major player from the digital asset domain, Alpha Transform Holdings (ATH), to serve as a tech advisor. This collaboration promises to bring a wealth of experience and expertise to the Shiba Inu ecosystem. Contents…

TL;DR Breakdown Nova Labs, previously known as Helium Inc., introduces a $5/month mobile plan in Miami powered by individual and business-owned 5G hotspots on the Helium Network. The company’s innovative approach merges telecom and crypto, offering hotspot owners crypto rewards for data provided and partners with T-Mobile for seamless connectivity. Description In an era where the telecom industry is rife with customer dissatisfaction over pricing and service, Nova Labs Inc. has made a bold move. The blockchain startup, previously known as Helium Inc., has announced a groundbreaking mobile phone plan that offers unlimited text, talk, and data for a mere $5 a month. However, there’s a … Read more In an era where the telecom industry is rife with customer dissatisfaction over pricing and service, Nova Labs Inc. has made a bold move. The blockchain startup, previously known as Helium Inc., has announced a groundbreaking mobile phone plan that offers unlimited text, talk, and data for a mere $5 a month. However, there’s a catch – this offer is initially exclusive to Miami residents and a select group of invitees….