TL;DR Breakdown Bitcoin Bulls anticipate a 0.2% monthly increase and a 3.3% year-over-year increase in the U.S. Consumer Price Index for July. Market analysts point out that BTC recovery has rather been stagnant and bulls have a hand to play in stabilizing the market. Bitcoin analysts argue that a break below $25,000 would be the end of the 2023 bull market. Total BTC long liquidations on the day exceeded $10.5 million. Description Bitcoin has seen a rollercoaster year since the crypto winter in 2022. According to Binance charts, the live price of Bitcoin stands at $ 29,340.32 per (BTC / USD) with a current market cap of $ 570.55B. BTC is +1.64% in the last 24 hours, and it remains clear that BTC bulls have a lot … Read more Bitcoin has seen a rollercoaster year since the crypto winter in 2022. According to Binance charts, the live price of Bitcoin stands at $ 29,340.32 per (BTC / USD) with a current market cap of $ 570.55B. BTC is +1.64% in the last 24 hours, and it remains clear that…

TL;DR Breakdown PayPal’s PYUSD stablecoin launch marks a milestone for Ethereum but raises concerns over transaction costs. PYUSD’s introduction sparks fears over similarities to centralized digital currencies. The crypto community’s response to PYUSD is mixed, with both optimism for broader adoption and skepticism over potential centralization. Description PayPal recently concluded a two-year exploratory period, culminating in the launch of its newly established stablecoin, PayPal USD (PYUSD), on August 7, issued by Paxos Trust Co. Tailored for digital transactions and Web3 applications, PYUSD functions on the Ethereum platform and is poised to make significant impacts on Ethereum’s mainstream acceptance. The stablecoin’s functionalities, such … Read more PayPal recently concluded a two-year exploratory period, culminating in the launch of its newly established stablecoin, PayPal USD (PYUSD), on August 7, issued by Paxos Trust Co. Tailored for digital transactions and Web3 applications, PYUSD functions on the Ethereum platform and is poised to make significant impacts on Ethereum’s mainstream acceptance. The stablecoin’s functionalities, such as purchasing, vending, retaining, and transferring, although reminiscent of a conventional checking account or an existing PayPal account, signal a…

TL;DR Breakdown Technological advances have historically streamlined global finance. CBDCs (Central Bank Digital Currencies) might disrupt this trend. CBDCs can redefine cross-border transactions and finance. Their rise could challenge the dominance of systems like Swift and the US dollar. Description Historically, every technological leap within capital markets has pointed towards one universal truth: progress. From speedier transactions to plummeting costs, technology has persistently nudged global finance towards efficiency. But there’s a shadow looming on the horizon, a potential game-changer that may not sing the same tune of harmony and integration. Enter Central Bank Digital Currencies, … Read more Historically, every technological leap within capital markets has pointed towards one universal truth: progress. From speedier transactions to plummeting costs, technology has persistently nudged global finance towards efficiency. But there’s a shadow looming on the horizon, a potential game-changer that may not sing the same tune of harmony and integration. Enter Central Bank Digital Currencies, or CBDCs for short. A tide against the current Past technological introductions into the finance space have mostly streamlined processes. But CBDCs, although still in their infancy,…

TL;DR Breakdown Coinbase plans to repurchase up to $150 million of its 3.625% junk bonds maturing by 2031. The move comes as Bitcoin’s value approaches its 2023 peak. Investors can earn between $615-$645 per $1,000 principal in the buyback. Description In a bold financial move, Coinbase Global Inc., a leading force in the world of cryptocurrency, has signaled its intention to reclaim a chunk of its outstanding junk bonds. This maneuver comes as the cryptocurrency giant’s valuation teeters close to its annual zenith. A closer look at Coinbase’s offer Coinbase’s announcement indicated its willingness to … Read more In a bold financial move, Coinbase Global Inc., a leading force in the world of cryptocurrency, has signaled its intention to reclaim a chunk of its outstanding junk bonds. This maneuver comes as the cryptocurrency giant’s valuation teeters close to its annual zenith. A closer look at Coinbase’s offer Coinbase’s announcement indicated its willingness to repurchase up to $150 million of its 3.625% notes, which mature by October 2031. Those investors opting for the buyback stand to earn between $615 and $645…

TL;DR Breakdown The tool’s primary function revolves around web crawling, a process wherein a bot, often referred to as a web spider, indexes website content across the vast expanse of the internet. This new web crawling endeavor follows OpenAI’s recent filing for a trademark application for “GPT-5,” the projected successor to the existing GPT-4 model. OpenAI’s founder and CEO, Sam Altman, cautioned that the firm is still a considerable distance away from commencing GPT-5 training.  Description OpenAI, a renowned artificial intelligence company, has recently introduced its latest tool, the “GPTBot,” designed for web crawling purposes, potentially paving the way for improvements in future iterations of its ChatGPT models. In a recent blog post, OpenAI announced the launch of the GPTBot, highlighting its potential to enhance forthcoming versions of ChatGPT. The tool’s … Read more OpenAI, a renowned artificial intelligence company, has recently introduced its latest tool, the “GPTBot,” designed for web crawling purposes, potentially paving the way for improvements in future iterations of its ChatGPT models. In a recent blog post, OpenAI announced the launch of the GPTBot, highlighting its…

TL;DR Breakdown Binance’s USDC reserves dramatically dropped after Silvergate’s collapse. The exchange bought significant amounts of Bitcoin and Ethereum during this period. Coinbase CEO hints Binance traded USDC for another stablecoin. Description The digital realm experienced a massive upheaval recently, with Binance, a paramount figure in the cryptocurrency sphere, under acute scrutiny. Their swift maneuverings following the catastrophic collapse of Silvergate have raised eyebrows. To many, it appears as though Binance offloaded a staggering volume of cryptocurrencies in the midst of the chaos. Let’s delve into this … Read more The digital realm experienced a massive upheaval recently, with Binance, a paramount figure in the cryptocurrency sphere, under acute scrutiny. Their swift maneuverings following the catastrophic collapse of Silvergate have raised eyebrows. To many, it appears as though Binance offloaded a staggering volume of cryptocurrencies in the midst of the chaos. Let’s delve into this sequence of events that has the entire crypto community buzzing. Proof-of-Reserves: A revealing picture On August 1, Binance, eager to prove its mettle and perhaps regain some trust, made its latest proof-of-reserves (PoRs) public. This…

TL;DR Breakdown The primary thrust of the government’s stance is to establish a collaborative supervisory arrangement for these stablecoins, involving both the Bank of England (BoE )and the Financial Conduct Authority (FCA). A unique aspect of this approach grants the BoE the authority to forestall the FCA from undertaking actions related to a stablecoin provider. Description The British government appears poised to recalibrate the balance of influence between two pivotal financial entities, namely the Bank of England (BoE) and the Financial Conduct Authority (FCA), favoring the former. This development emerges from a comprehensive 40-page response to a consultation process, which was unveiled by the esteemed His Majesty’s Treasury on the 7th … Read more The British government appears poised to recalibrate the balance of influence between two pivotal financial entities, namely the Bank of England (BoE) and the Financial Conduct Authority (FCA), favoring the former. This development emerges from a comprehensive 40-page response to a consultation process, which was unveiled by the esteemed His Majesty’s Treasury on the 7th of August. This consultation, headlined ‘Payments Regulation and the Systemic Perimeter,’…

TL;DR Breakdown U.S. senators raise concerns over North Korea using cryptocurrency for illicit activities. Senators Elizabeth Warren, Tim Kaine, and Chris Van Hollen lead the call to action. North Korea’s crypto actions believed to fund its nuclear weapons program. Description In the constantly evolving geopolitical landscape, the intersection of cryptocurrency and international security is gaining heightened attention. Leading this charge are U.S. senators who recently voiced their growing concerns over North Korea’s blatant misuse of these digital assets. These concerns revolve around the rogue nation’s dependence on cryptocurrencies, not for any economic advancement, but rather … Read more In the constantly evolving geopolitical landscape, the intersection of cryptocurrency and international security is gaining heightened attention. Leading this charge are U.S. senators who recently voiced their growing concerns over North Korea’s blatant misuse of these digital assets. These concerns revolve around the rogue nation’s dependence on cryptocurrencies, not for any economic advancement, but rather to fuel their prohibited nuclear aspirations. U.S. senators on digital coins turning into weapons The clarion call from the senators comes at a time when the Biden…

TL;DR Breakdown Consumer anticipations regarding eurozone inflation experienced a decrease, although they remained higher than the ECB’s established target of 2 percent. The consumer outlook on the economy has improved slightly, with a shrink of 0.6 percent expected over the upcoming 12 months. Description Consumer anticipations regarding eurozone inflation experienced a decrease, although they remained higher than the European Central Bank’s (ECB) established target of 2 percent in June based on the latest ECB survey data. As indicated by the ECB’s monthly survey today, projections for the upcoming 12 months fell to 3.4 percent from May’s 3.9 percent. Over … Read more Consumer anticipations regarding eurozone inflation experienced a decrease, although they remained higher than the European Central Bank’s (ECB) established target of 2 percent in June based on the latest ECB survey data. As indicated by the ECB’s monthly survey today, projections for the upcoming 12 months fell to 3.4 percent from May’s 3.9 percent. Over three years, the inflation also declined from 2.5 percent to 2.3 percent. These findings emerge ahead of a crucial September meeting where President…

Description The first Europe edition of the prominent Global Blockchain Congress by Agora Group turned out to be a massive success, connecting international startups to a pool of seasoned industry investors.  Leveraging the experience from previous editions of the Global Blockchain Congress in Dubai and Vietnam, Agora successfully brought together more than 80 investors and 15 … Read more The first Europe edition of the prominent Global Blockchain Congress by Agora Group turned out to be a massive success, connecting international startups to a pool of seasoned industry investors.  Leveraging the experience from previous editions of the Global Blockchain Congress in Dubai and Vietnam, Agora successfully brought together more than 80 investors and 15 projects for the Europe edition, which took place in London, United Kingdom, on July 24th and 25th.  Unlike regular blockchain conferences or exhibitions, the Global Blockchain Congress is an exclusive, closed-door congress that aims to bolster the growth of the blockchain sector by connecting investors and hand-picked blockchain projects looking to raise funds.  The two-day Europe edition was focused on DeFi, Gaming, Metaverse, and NFTs, featuring…