TL;DR Breakdown The Australian Dollar (AUD) has experienced a decline against the US Dollar (USD) due to concerns about a potential credit squeeze in China’s real estate industry. Description The Australian Dollar (AUD) has experienced a decline against the US Dollar (USD) as it weakened during the Asian trading session due to concerns about a potential credit squeeze in China’s real estate industry. These worries were sparked by the default of a private property developer, Country Garden’s debt. Adding to the strain on the … Read more The Australian Dollar (AUD) has experienced a decline against the US Dollar (USD) as it weakened during the Asian trading session due to concerns about a potential credit squeeze in China’s real estate industry. These worries were sparked by the default of a private property developer, Country Garden’s debt. Adding to the strain on the Australian Dollar, it faced increased challenges after unveiling US factory gate inflation figures for July, which surpassed expectations. The disclosure of this data, specifically the Producer Price Index (PPI), heightens the likelihood of another interest rate hike by…

TL;DR Breakdown Donald Trump holds a notable amount of cryptocurrency, linked to a successful NFT venture. Trump’s Ethereum wallet contains between $250,000 and $500,000, attributed to his post-presidential NFT activities. His $99-themed trading cards, featuring his image, garnered $8.9 million after selling out twice. Description Donald Trump, the 45th President of the United States, has changed his tune. New financial documents that paint a different picture have surfaced: Trump holds a substantial amount of cryptocurrency, closely tied to a highly profitable NFT boom. According to the latest financial filings, Trump’s Ethereum-related cryptocurrency wallet boasts an impressive sum. It holds between … Read more Donald Trump, the 45th President of the United States, has changed his tune. New financial documents that paint a different picture have surfaced: Trump holds a substantial amount of cryptocurrency, closely tied to a highly profitable NFT boom. According to the latest financial filings, Trump’s Ethereum-related cryptocurrency wallet boasts an impressive sum. It holds between $250,000 and $500,000. This revelation stems from Trump’s post-presidential venture into non-fungible tokens (NFTs). His $99 limited edition trading cards were an…

TL;DR Breakdown Donald Trump holds a notable amount of cryptocurrency, linked to a successful NFT venture. Trump’s Ethereum wallet contains between $250,000 and $500,000, attributed to his post-presidential NFT activities. His $99-themed trading cards, featuring his image, garnered $8.9 million after selling out twice. Description Donald Trump, the 45th President of the United States, has changed his tune. New financial documents that paint a different picture have surfaced: Trump holds a substantial amount of cryptocurrency, closely tied to a highly profitable NFT venture. According to the latest financial filings, Trump’s Ethereum-related cryptocurrency wallet boasts an impressive sum. It holds between … Read more Donald Trump, the 45th President of the United States, has changed his tune. New financial documents that paint a different picture have surfaced: Trump holds a substantial amount of cryptocurrency, closely tied to a highly profitable NFT venture. According to the latest financial filings, Trump’s Ethereum-related cryptocurrency wallet boasts an impressive sum. It holds between $250,000 and $500,000. This revelation stems from Trump’s post-presidential venture into non-fungible tokens (NFTs). His $99 limited edition trading cards were an…

TL;DR Breakdown A study finds crypto scams on Twitter made $872K through fake giveaways. Researchers built a system to automatically detect 95K+ scam Twitter lists. Findings show the need for better protection against social media crypto fraud. Description A new study has revealed that crypto scams made off with over $800,000 in one year by taking advantage of Twitter’s list feature to promote fake cryptocurrency giveaways. Crypto scams on Twitter led to over $872,000 in losses, according to the study conducted by researchers at San Diego State University. The researchers developed a system … Read more A new study has revealed that crypto scams made off with over $800,000 in one year by taking advantage of Twitter’s list feature to promote fake cryptocurrency giveaways. Crypto scams on Twitter led to over $872,000 in losses, according to the study conducted by researchers at San Diego State University. The researchers developed a system to automatically detect these crypto scams on Twitter. By analyzing user lists from June 2022 to June 2023, the system identified over 95,000 scam lists created by nearly 90,000…

TL;DR Breakdown U.S. Senator Cynthia Lummis joins forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss Coinbase case. The SEC has been accused of attempting to overstep its jurisdiction. Description U.S. Senator Cynthia Lummis has joined forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss a legal case brought by the Securities and Exchange Commission (SEC) against Coinbase. They filed amicus briefs asserting that the SEC was attempting to overstep its jurisdiction.  Senator Lummis files Coinbase’s … Read more U.S. Senator Cynthia Lummis has joined forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss a legal case brought by the Securities and Exchange Commission (SEC) against Coinbase. They filed amicus briefs asserting that the SEC was attempting to overstep its jurisdiction.  Senator Lummis files Coinbase’s amicus brief Earlier, the SEC initiated a legal action, claiming that platforms for cryptocurrency trading, such as Coinbase, were functioning as unregistered securities exchanges, brokers, and clearinghouses, and…

TL;DR Breakdown Curve Finance suffered a $62 million loss due to vulnerabilities in its Vyper compiler’s release history, with several pools being affected. The hacker accepted a 10% bounty reward and initiated a partial refund, transferring funds to the Alchemix Finance developer wallet instead of directly to Curve Finance. Description In a recent turn of events, Curve Finance, a prominent Decentralized Finance (DeFi) stablecoin lending platform, has assured its users of a refund following a significant security breach. The hack, which took place on July 30, resulted in a staggering loss of $62 million from the protocol. As the DeFi community grapples with the aftermath, … Read more In a recent turn of events, Curve Finance, a prominent Decentralized Finance (DeFi) stablecoin lending platform, has assured its users of a refund following a significant security breach. The hack, which took place on July 30, resulted in a staggering loss of $62 million from the protocol. As the DeFi community grapples with the aftermath, Curve Finance has responded proactively, promising to make affected users whole. A Deep Dive into the Curve…

TL;DR Breakdown California now allows campaign donations in cryptocurrency but mandates immediate conversion to US dollars and requires donations to come through US-based payment processors adhering to KYC policies. While states like Minnesota, Arizona, and Colorado are embracing crypto donations, others like North Carolina and Oregon have banned the practice over transparency concerns. Description In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees … Read more In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees in California, ensuring transparency and adherence to federal regulations. Contents hide 1 A…

TL;DR Breakdown PayPal has launched PYUSD, an Ethereum-based stablecoin, positioning itself alongside significant players like Tether and Circle in the crypto market. PYUSD is deeply integrated with the PayPal ecosystem, offering unique advantages like connectivity to fiat currency and potential for mainstream adoption in e-commerce. Description In a recent development that has sent ripples through the cryptocurrency community, the global online payments giant has made its foray into the stablecoin market by introducing PYUSD. This Ethereum-based stablecoin, pegged to the United States dollar, positions PayPal alongside other major players in the instantaneous on-chain value transfer domain, such as Tether and Circle, … Read more In a recent development that has sent ripples through the cryptocurrency community, the global online payments giant has made its foray into the stablecoin market by introducing PYUSD. This Ethereum-based stablecoin, pegged to the United States dollar, positions PayPal alongside other major players in the instantaneous on-chain value transfer domain, such as Tether and Circle, known for USDT and USDC, respectively. Contents hide 1 Why Ethereum Was the Natural Choice for PayPal 2 PYUSD: A Testament…

TL;DR Breakdown Fireblocks identified “BitForge” vulnerabilities in over 15 major cryptocurrency wallets, highlighting potential risks to user funds on platforms like Coinbase and Binance. The BitForge flaws target security methods called MPCs, allowing faster unauthorized access to secured assets if exploited. Despite the challenges posed by BitForge, industry giants like Coinbase promptly addressed the concerns, showcasing the crypto-sector’s commitment to user security. Description Recent revelations indicate that a host of leading cryptocurrency wallet providers were susceptible to potential security breaches. These vulnerabilities, now known as ‘BitForge’, have highlighted the inherent cyber risks in the cryptocurrency realm, even as the world grapples with increasing adoption and tighter regulatory oversight. Cybersecurity company Fireblocks presented its findings at the Black Hat … Read more Recent revelations indicate that a host of leading cryptocurrency wallet providers were susceptible to potential security breaches. These vulnerabilities, now known as ‘BitForge’, have highlighted the inherent cyber risks in the cryptocurrency realm, even as the world grapples with increasing adoption and tighter regulatory oversight. Cybersecurity company Fireblocks presented its findings at the Black Hat USA conference, disclosing that…

TL;DR Breakdown The United States Federal Election Commission (FEC) advanced a petition that seeks to regulate the use of artificial intelligence-generated deep fake content in political advertisements, particularly focusing on the upcoming 2024 elections. The driving force behind the petition is the alarming rise of AI-generated content being incorporated into political campaigns.  The next phase involves a 60-day public comment period, during which stakeholders, policy experts, and concerned citizens can voice their opinions. Description The United States Federal Election Commission (FEC) took a significant step toward tackling the potential influence of deep fakes in political campaigns on August 10th. In a unanimous decision, the FEC advanced a petition that seeks to regulate the use of AI-generated deep fake content in political advertisements, particularly focusing on the upcoming US 2024 … Read more The United States Federal Election Commission (FEC) took a significant step toward tackling the potential influence of deep fakes in political campaigns on August 10th. In a unanimous decision, the FEC advanced a petition that seeks to regulate the use of AI-generated deep fake content in political advertisements,…