TL;DR Breakdown US restricts investments in China’s high-tech sectors, citing security risks. EU takes a more cautious approach, emphasizing its deeper economic ties with China. EU aims to draft its own guidelines by year’s end. Concerns rise over China’s dominance in essential tech and supply chains. Description The recent US-driven restrictions on investments in China’s high-tech sector have sent shockwaves through the global financial community. But while the US decisively takes action, the European Union navigates a more complex and intertwined relationship with Beijing, revealing a more hesitant approach and a reluctance to march lockstep with Washington. Balancing Economic Ties and Security … Read more The recent US-driven restrictions on investments in China’s high-tech sector have sent shockwaves through the global financial community. But while the US decisively takes action, the European Union navigates a more complex and intertwined relationship with Beijing, revealing a more hesitant approach and a reluctance to march lockstep with Washington. Balancing Economic Ties and Security Concerns President Joe Biden’s executive order to curb American investment into China’s forefront technological arenas—quantum computing, advanced chips, and artificial…

TL;DR Breakdown Gemini Trust is in a legal conflict with Digital Currency Group (DDG) and Barry Silbert. The dispute revolves around Genesis Global Holdco, DDG’s lending unit, freezing withdrawals, impacting Gemini’s customers. DDG defends by asserting they had no role in the Gemini Earn program and argues that Gemini hasn’t properly backed their fraud claims. Description Gemini Trust, a prominent cryptocurrency exchange run by the Winklevoss twins, finds itself in the middle of a heated legal battle with the Digital Currency Group (DCG). Spearheaded by Barry Silbert, DCG recently requested the court’s intervention to dismiss a lawsuit initiated by Gemini. Diving Deep into the Accusations Gemini’s feud with DCG centers on … Read more Gemini Trust, a prominent cryptocurrency exchange run by the Winklevoss twins, finds itself in the middle of a heated legal battle with the Digital Currency Group (DCG). Spearheaded by Barry Silbert, DCG recently requested the court’s intervention to dismiss a lawsuit initiated by Gemini. Diving Deep into the Accusations Gemini’s feud with DCG centers on allegations of fraudulent activities, a charge that DCG vehemently denies. The…

TL;DR Breakdown Bitcoin seems unaffected by the latest CPI data, which showed a modest amount of CPI growth that was in line with what economists predicted. Aside from macroeconomic factors, analysts continue to debate why Bitcoin won’t budge above $30,000. The U.S. headline CPI released by the Labor Department on Thursday gained 0.2% in July, raising the inflation indicator to 3.2%. Description Bitcoin and ether open unchanged in Asia, undoubtedly unaffected by the latest Consumer Price Index (CPI) data. The two largest cryptocurrencies continue to withstand macro-scale surges. CPI is one of the Federal Reserve’s primary considerations when determining interest rate policy. Last month’s June report was the lowest in two years, and broad expectations point to … Read more Bitcoin and ether open unchanged in Asia, undoubtedly unaffected by the latest Consumer Price Index (CPI) data. The two largest cryptocurrencies continue to withstand macro-scale surges. CPI is one of the Federal Reserve’s primary considerations when determining interest rate policy. Last month’s June report was the lowest in two years, and broad expectations point to another decline in July. And…

TL;DR Breakdown CPI rose 3.2% from the same month a year ago in July, slightly below expectations. The 12-month rate of the core CPI was 4.7%, also below expectations. Both metrics increased by 0.2% month-over-month. Shelter costs rose 0.4% month-to-month and 7.7% year-over-year, accounting for nearly all of the monthly inflation rise. While inflation has come well off its 40-year highs of mid-2022, it is still considerably above the 2% level where the Federal Reserve would like it. Description In July, the consumer price index (CPI) increased 3.2% over the previous year, indicating that inflation has lost at least some of its grip on the US economy. The Bureau of Labour Statistics announced Thursday that prices increased by a seasonally adjusted 0.2% for the month, in line with the Dow Jones projection. The annual … Read more In July, the consumer price index (CPI) increased 3.2% over the previous year, indicating that inflation has lost at least some of its grip on the US economy. The Bureau of Labour Statistics announced Thursday that prices increased by a seasonally adjusted 0.2%…

TL;DR Breakdown Gemini now supports the XRP Ledger, bringing its total to 13 blockchain networks, enhancing trading options for its users. The XRP Ledger, overseen by Ripple, offers a unique consensus protocol, aiming to streamline cross-border transactions and remittances. Description In a significant move that underscores the ever-evolving landscape of the cryptocurrency world, Gemini, one of the leading cryptocurrency exchanges, has announced its support for the XRP Ledger. This addition broadens the platform’s offerings and aligns with its mission to pave the way for the next wave of financial, personal, and creative freedom. Contents hide … Read more In a significant move that underscores the ever-evolving landscape of the cryptocurrency world, Gemini, one of the leading cryptocurrency exchanges, has announced its support for the XRP Ledger. This addition broadens the platform’s offerings and aligns with its mission to pave the way for the next wave of financial, personal, and creative freedom. Contents hide 1 Gemini’s Growing Blockchain Family 2 Diving Deep into the XRP Ledger 3 What This Means for the Crypto Community 4 Conclusion Gemini’s Growing Blockchain Family Gemini’s…

TL;DR Breakdown Bank of Canada research paper discovers that most consumers would have “weak incentives” to use a CBDC, as Canadians don’t face meaningful barriers to financial services like bank accounts or debit and credit cards. The paper states that 98% of Canadian adults have a bank account, 87% also have a credit card, and 90% of rural and urban households have access to high-quality internet. Market analysts have proposed non-CBDC-related strategies that could be more effective in assisting the unbanked in Canada. Description According to a new Bank of Canada paper, the average Canadian has little reason to adopt a central bank-issued digital currency, which could hinder its widespread acceptance. In the staff discussion paper released on August 10, the central bank examined a hypothetical scenario in which currency was virtually eliminated to determine the potential role of … Read more According to a new Bank of Canada paper, the average Canadian has little reason to adopt a central bank-issued digital currency, which could hinder its widespread acceptance. In the staff discussion paper released on August 10, the central…

TL;DR Breakdown While the technologies underlying blockchain, crypto, and tokenization continue to evolve rapidly, the regulatory frameworks of different nations continue to evolve. SEC crypto regulation dubbed Chockpoint 2.0 has caused legitimate digital asset players to move offshore. Investors see BTC ETFs filing by BlackRock and the PayPay stablecoin to be a regulatory turning point for crypto-USA. Crypto market regulators point out that regulatory clarity for digital assets is no longer a luxury but a necessity. Description Just when investors thought they had the crypto rulebook figured out, Q2 2023 swoops in with a plot twist even the most seasoned regulators didn’t see coming. It’s as if crypto regulation entities such as the SEC decided to trade its traditional playbook for a pair of roller skates – unexpected, a bit wobbly, but … Read more Just when investors thought they had the crypto rulebook figured out, Q2 2023 swoops in with a plot twist even the most seasoned regulators didn’t see coming. It’s as if crypto regulation entities such as the SEC decided to trade its traditional playbook for a…

TL;DR Breakdown Weekly crypto price analysis reveals major coins have been trading in mixed reaction for the past week. Bitcoin (BTC) has been trading below $30,000 for most of the days in the last seven days. Ethereum has been trading around $1,800, with a sideways movement. Description Weekly crypto price analysis for 11th August 2023 reveals that most of the cryptocurrencies have been trading in mixed signals, with bullish and bearish trends visible in individual crypto coins. The top coins like Bitcoin, Ethereum, and XRP have been the most volatile in the past few days, with selling and buying activities occurring in … Read more Weekly crypto price analysis for 11th August 2023 reveals that most of the cryptocurrencies have been trading in mixed signals, with bullish and bearish trends visible in individual crypto coins. The top coins like Bitcoin, Ethereum, and XRP have been the most volatile in the past few days, with selling and buying activities occurring in a wide range. Bitcoin (BTC) has been on a downward trend for most of the days in the week, with…

TL;DR Breakdown The latest Reserve Bank of India (RBI) survey shows that Indian households anticipate a decrease in inflation over the upcoming months. Households also hold expectations of enhancements in the overall economic landscape, employment opportunities, and income scenarios. Description The Reserve Bank of India(RBI) has released a survey showing that the Indian households anticipate a moderation in inflation over the upcoming months. This anticipation follows a recent surge, primarily in food prices. The RBI research reveals that in a survey spanning from July 1 to July 10, involving 6,025 urban households across 19 major … Read more The Reserve Bank of India(RBI) has released a survey showing that the Indian households anticipate a moderation in inflation over the upcoming months. This anticipation follows a recent surge, primarily in food prices. The RBI research reveals that in a survey spanning from July 1 to July 10, involving 6,025 urban households across 19 major cities, the perception of current inflation saw a marginal moderation of 10 basis points. Conversely, their expectations for inflation over the next three months and the next…

TL;DR Breakdown US inflation in July mirrored June’s 0.2% rise. Annual inflation rate increased to 3.2% from the previous 3%. Core inflation remained high, making the Federal Reserve cautious. July’s CPI data may ease pressure on the Fed for rate hikes. Description Every month, financial gurus, policymakers, and average citizens wait with bated breath for the release of US inflation data. July was no exception, and the revelations provide fodder for a deeper analysis. Let’s dive in. A hint of stability amid heightened economic uncertainty The month-on-month increase in United States inflation for July echoed that of … Read more Every month, financial gurus, policymakers, and average citizens wait with bated breath for the release of US inflation data. July was no exception, and the revelations provide fodder for a deeper analysis. Let’s dive in. A hint of stability amid heightened economic uncertainty The month-on-month increase in United States inflation for July echoed that of June, signaling a steadiness that might quell some fears. The consumer price index (CPI) ticked up by 0.2 percentage points, mirroring June’s bump. Delving into…