TL;DR Breakdown Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), voiced her stance against an outright ban on cryptocurrencies.  This call for collaboration during the G20 meeting was seen as a response to the growing complexity and influence of cryptocurrencies in the modern financial landscape.  The ideas exchanged in the roundtable had a notable impact on India’s plans to present its own presidency note on crypto regulations.  Description In a recent roundtable discussion held during a G20 meeting, prominent economic officials emphasized the need for enhanced global coordination when it comes to regulating cryptocurrencies. This call for collaboration was seen as a response to the growing complexity and influence of cryptocurrencies in the modern financial landscape. Notably, Kristalina Georgieva, the Managing Director of … Read more In a recent roundtable discussion held during a G20 meeting, prominent economic officials emphasized the need for enhanced global coordination when it comes to regulating cryptocurrencies. This call for collaboration was seen as a response to the growing complexity and influence of cryptocurrencies in the modern financial landscape. Notably, Kristalina Georgieva,…

TL;DR Breakdown Coinbase has now officially introduced Stand With Crypto, an independent nonprofit organization dedicated to advancing pro-crypto legislation. CEO Brian Armstrong during the company’s recent public earnings call, outlined three key pillars for adoption: blockchain scalability, utility beyond financial applications, and rectifying the convoluted crypto regulation situation in the U.S. Description Amidst an intense battle against the formidable U.S. securities regulator, Coinbase (COIN) finds itself in a whirlwind of activity. While grappling with significant legal costs, the leading publicly traded cryptocurrency company recently unveiled a new blockchain, Base, which has surprisingly gained considerable traction due to the popularity of a few viral applications. Adding to its … Read more Amidst an intense battle against the formidable U.S. securities regulator, Coinbase (COIN) finds itself in a whirlwind of activity. While grappling with significant legal costs, the leading publicly traded cryptocurrency company recently unveiled a new blockchain, Base, which has surprisingly gained considerable traction due to the popularity of a few viral applications. Adding to its latest initiatives, Coinbase has now officially introduced Stand With Crypto, an independent nonprofit organization dedicated…

TL;DR Breakdown Prime Trust filed for Chapter 11 bankruptcy on August 14, having up to $500 million in liabilities. The crypto community foresaw the collapse of Prime, branding it a Ponzi scheme two months back. According to a regulatory filing, Prime Trust owed over $82M in fiat currency deposits, despite having $68 million in digital assets under custody. Description Prime Trust filed for Chapter 11 bankruptcy in the state of Delaware, United States, on August 14 after reporting deficiencies in consumer funds. Prime Trust reported working with 25,000 to 50,000 creditors and having up to $500 million in liabilities.  Even though the news of the company’s financial instability emerged in the middle of August, … Read more Prime Trust filed for Chapter 11 bankruptcy in the state of Delaware, United States, on August 14 after reporting deficiencies in consumer funds. Prime Trust reported working with 25,000 to 50,000 creditors and having up to $500 million in liabilities.  Even though the news of the company’s financial instability emerged in the middle of August, members of the crypto community had already signaled…

TL;DR Breakdown The price of Bitcoin sits at $29,334 with a $571 billion market cap, representing a Bitcoin dominance of 46.95%. As crypto enthusiasts await the next bull run, a market analyst summarizes that  Bitcoin will not hit close to $100,000 before the next halving. Other market analysts share a different opinion, as they expect a bull run in October leading up to April 2024. Description Jesse Myers, a Bitcoin investor and author, believes that according to market analysts, Bitcoin won’t reach six figures until the block subsidy halving in 2024. Myers, the co-founder of Bitcoin investment firm Onramp, stated in an X (formerly Twitter) post on August 15 that the market would only “price in” the halving after the fact. … Read more Jesse Myers, a Bitcoin investor and author, believes that according to market analysts, Bitcoin won’t reach six figures until the block subsidy halving in 2024. Myers, the co-founder of Bitcoin investment firm Onramp, stated in an X (formerly Twitter) post on August 15 that the market would only “price in” the halving after the fact. Bitcoin…

TL;DR Breakdown After more than a year of planning, the Jacobi Bitcoin ETF is officially going live on the Euronext Amsterdam stock exchange. The Guernsey Financial Services Commission (GFSC) will regulate the Jacobi FT Wilshere Bitcoin ETF, which will trade under the ticker “BCOIN.” The listing means a spot bitcoin ETF will be traded in Europe before the United States, despite dozens of applications to the SEC in recent years. Jacobi said it had “implemented a verifiable built-in Renewable Energy Certificate (REC) solution which allows institutional investors to access the benefits of Bitcoin whilst also meeting ESG goals.” Description Europe has surpassed the United States in the launch of the first Bitcoin exchange-traded fund (ETF), with London-based Jacobi Asset Management announcing the product’s debut on Euronext Amsterdam today. The firm initially expected to launch its Bitcoin ETF product last year after getting authorization from the Guernsey Financial Services Commission (GFSC) in October 2021. Europe … Read more Europe has surpassed the United States in the launch of the first Bitcoin exchange-traded fund (ETF), with London-based Jacobi Asset Management announcing the…

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…

TL;DR Breakdown The central bank of Singapore has announced a regulatory framework for single-currency stablecoins (SCS) The bank’s deputy managing director of financial supervision, Ho Hern Shin, advised SCS issuers to make early preparations for compliance. Description Singapore’s central bank has announced its revised regulatory framework, whose primary objective is ensuring the stability of single-currency stablecoins that fall under the jurisdiction of the city-state. Unveiled on August 15th by the Monetary Authority of Singapore, this framework is designed to oversee single-currency stablecoins (SCS) linked to the valuation of either the Singapore dollar … Read more Singapore’s central bank has announced its revised regulatory framework, whose primary objective is ensuring the stability of single-currency stablecoins that fall under the jurisdiction of the city-state. Unveiled on August 15th by the Monetary Authority of Singapore, this framework is designed to oversee single-currency stablecoins (SCS) linked to the valuation of either the Singapore dollar or prominent G10 currencies, including the USD, euro and British pound. Singapore introduces a stablecoin regulatory framework  Ho Hern Shin, the Deputy Managing Director of Financial Supervision at the bank,…

TL;DR Breakdown Netflix has rolled out video gaming to a select few in Canada and the United Kingdom, a watershed moment for Netflix’s gaming ambitions. Consoles like Microsoft’s Xbox Series X or Sony’s PlayStation 5 are not among the currently supported devices. The two games currently accessible are the original Oxenfree (created by Night School Studio, which Netflix now owns) and Molehew’s Mining Adventure. Description Netflix has begun the first public testing of its cloud-streamed games. Beginning Monday, some Netflix users in Canada and the United Kingdom will be able to enjoy Netflix games on select TVs, connected TV devices, and online via Netflix.com. Netflix’s VP of gaming, Mike Verdu, described this as a “limited beta test” for a small … Read more Netflix has begun the first public testing of its cloud-streamed games. Beginning Monday, some Netflix users in Canada and the United Kingdom will be able to enjoy Netflix games on select TVs, connected TV devices, and online via Netflix.com. Netflix’s VP of gaming, Mike Verdu, described this as a “limited beta test” for a small subset of…

Description Still waiting 👀 #CryptoMeme pic.twitter.com/6Oi21Ajydu — CoinMarketCap (@CoinMarketCap) August 13, 2023 Who relates… 👀 #CryptoMeme pic.twitter.com/UPI862N6lX — CoinMarketCap (@CoinMarketCap) August 11, 2023 Crypto market vs Crypto Trader😂#Bitcoin #Trading $BTC $ETH $XRP $DOGE $PEPE $MATIC $ARB $USDC $OP $SHIB $USDT $COIN $BONE #BitcoinETF $MATIC $SOL $WLD $BRISE #Cryptomeme pic.twitter.com/2bnesyljF3 — Aru Crypto (@AruCrypto0) August 11, 2023 #Bitcoin and Trader😂🚀#BTC #Trading $BTC $ETH $XRP $DOGE $PEPE $MATIC $ARB $APT $OP $SHIB $USDT $LTC $BONE $AAVE $CRV $KAS $VRA $X $LEASH #Cryptomeme #memes pic.twitter.com/kefRIEece2 — Aru Crypto (@AruCrypto0) August 6, 2023 #Bitcoin is just inevitable…📈#Crypto #cryptocurrency #CryptoTwitter #CryptoCommunity #cryptotrading #cryptomarket #CryptoMeme #Memes #bitcoin #BitcoinETF #bitcoinprice #NFT #NFTCommunity FOLLOW for more-@cryptoverse2197 pic.twitter.com/4ENNSwDeOy — CryptoTraderPro (@cryptoverse2197) August 14, 2023 #Bitcoin Hodler🚀$BTC $XRP $ETH $SHIB $DOGE $ARB $OP $APT $PEPE $MATIC #Meme #CryptoMeme #Trading pic.twitter.com/6JoGRlz6My — Aru Crypto (@AruCrypto0) August 13, 2023 A newbie enters the market 😂#Memes #CryptoMeme #Crypto pic.twitter.com/cSRsUpjkox — Ross Pravadnikou (rossprav.eth) (@rossprav) August 14, 2023 oops 😅#CryptoMeme pic.twitter.com/M2OTp1Ripe — Asic Marketplace (@AsicMarketplace) August 14, 2023 🤣 Ready to master the ancient art of “Buy Low, Sell High”?#BitMart #crypto #CryptoMeme #cryptomemes #Memes…

Description Binance files court order against the US SEC The current state of rollups that recently launched 5 use cases of Bitcoin and crypto that could boost price performance Binance files court order against the US SEC 🚨SHOCKING #Crypto News🚨#Binance files court order against the US SEC. A Thread 🧵 pic.twitter.com/37yEYXaZAb — Budhil Vyas (@BudhilVyas) August 15, 2023 1️⃣ #Binance has filed a motion for a protective order against the SEC over what the #crypto exchange claims is a “fishing expedition” from the regulator — Budhil Vyas (@BudhilVyas) August 15, 2023 👉 In an Aug. 14 court filing, #Binance put forward a motion for a protective order following deposition notices and discovery requests from the SEC. pic.twitter.com/PHRFAi0sRB — Budhil Vyas (@BudhilVyas) August 15, 2023 2️⃣ The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM’s chief executive and of its chief financial officer, without naming anyone. https://t.co/VZIAMO9ky3 — Budhil Vyas (@BudhilVyas) August 15, 2023 3️⃣ This development comes amidst increased scrutiny of #crypto exchanges by regulators…