TL;DR Breakdown The White House is urged to include public markets in its forthcoming restrictions on U.S. investments in China. Critics warn that excluding public market investments fails to address the majority of the security threat from China. The new executive order, expected soon, aims to restrict U.S. capital flow to entities linked to China’s military. Description The White House finds itself under renewed scrutiny as the head of the House China committee calls for comprehensive restrictions on U.S. investments in China’s public markets. With a new executive order on the horizon, lawmakers urge the White House to tackle the perceived security threat that Beijing poses, arguing that anything less will fall … Read more The White House finds itself under renewed scrutiny as the head of the House China committee calls for comprehensive restrictions on U.S. investments in China’s public markets. With a new executive order on the horizon, lawmakers urge the White House to tackle the perceived security threat that Beijing poses, arguing that anything less will fall short. A broadening of the limits While the White House…

TL;DR Breakdown The Bank of England is facing a high-stakes balancing act with its 14th consecutive rate rise since 2021. Mixed signals from the Monetary Policy Committee have caused uncertainty in an already strained economy. Description The balancing act performed by the Bank of England is high-stakes indeed. With a staggering 14th consecutive rate increase on the horizon, Britain’s battle against inflation is reaching a critical juncture. Prime Minister Rishi Sunak’s recent optimism that there’s “light at the end of the tunnel” in the inflation fight may be true, but it … Read more The balancing act performed by the Bank of England is high-stakes indeed. With a staggering 14th consecutive rate increase on the horizon, Britain’s battle against inflation is reaching a critical juncture. Prime Minister Rishi Sunak’s recent optimism that there’s “light at the end of the tunnel” in the inflation fight may be true, but it doesn’t minimize the complexity of the situation. Struggling with a mixed signal economy The Bank of England’s uncertainty and mixed signals are disconcerting at a time when the margin for error…

TL;DR Breakdown The digital dollar was once seen as a tool for financial inclusion but failed due to implementation challenges. A wholesale digital dollar is emerging, focusing on rapid global payments among big financial institutions. This innovation favors banks and governments, not the general populace, aligning with power and control rather than individual empowerment. Description A forgotten dream, once cradled by the embrace of cryptocurrency enthusiasts and governmental advocates, stirs once again in the shadows. The concept of the digital dollar, an idea that once swept Washington off its feet, but was later left abandoned at the altar of failed financial innovation, is stirring once more. But this time, the … Read more A forgotten dream, once cradled by the embrace of cryptocurrency enthusiasts and governmental advocates, stirs once again in the shadows. The concept of the digital dollar, an idea that once swept Washington off its feet, but was later left abandoned at the altar of failed financial innovation, is stirring once more. But this time, the game has changed. This isn’t about financial inclusivity or crypto glam; it’s…

TL;DR Breakdown Canadian crypto holders faced a decline in Bitcoin and other cryptocurrencies’ ownership in 2022. The decline was due to regulatory hurdles, ecosystem collapses, and price depreciation, not diversification. Popular altcoins like Dogecoin, Ethereum, and Bitcoin Cash also suffered a decrease in ownership. Description Brave, outspoken, and unapologetic about it, Canadians find themselves caught in the crossfire of regulation and market trends. The struggle is real for Canadian crypto holders as stringent rules and market conditions have dealt a severe blow to the ownership of Bitcoin and cryptocurrencies in the nation. 2022 has proven to be a year that … Read more Brave, outspoken, and unapologetic about it, Canadians find themselves caught in the crossfire of regulation and market trends. The struggle is real for Canadian crypto holders as stringent rules and market conditions have dealt a severe blow to the ownership of Bitcoin and cryptocurrencies in the nation. 2022 has proven to be a year that Canadian crypto enthusiasts would rather forget. A study published by the Bank of Canada (BoC) on July 26 presents a bleak picture….

TL;DR Breakdown The Bank of Russia revealed the logo and fees for the digital ruble. All services will be free until 2025. The central bank does not expect mass adoption of the digital ruble before 2025 or 2027. It will co-exist with other forms of rubles. Russia’s move to embrace digital currency comes amid economic challenges, marking a significant step in modernizing its financial system. Description On August 3, the Bank of Russia (BoR) unveiled the logo and details surrounding the country’s central bank digital currency (CBDC), the digital ruble. The logo consists of an international ruble symbol in a circle and comes in four basic color combinations. The BoR has also laid out its fee structure for various operations related … Read more On August 3, the Bank of Russia (BoR) unveiled the logo and details surrounding the country’s central bank digital currency (CBDC), the digital ruble. The logo consists of an international ruble symbol in a circle and comes in four basic color combinations. The BoR has also laid out its fee structure for various operations related to…

TL;DR Breakdown The upcoming BRICS summit will focus on the potential expansion of the alliance, with China pushing for growth and other members like India and Brazil showing reluctance. The discussions on enlargement reflect BRICS’ growing global influence, and the decision could position the alliance as a counterweight to the U.S. and the EU. The diverse perspectives within BRICS on expansion may either foster unity or sow discord, marking a defining moment in the alliance’s history. Description As the international scene continues to evolve, the robust alliance known as BRICS (Brazil, Russia, India, China, and South Africa) finds itself at a crossroads. Set to convene this month in Johannesburg, the upcoming summit has been marked by an overarching question: Should BRICS expand? With China pushing for rapid growth and other member nations … Read more As the international scene continues to evolve, the robust alliance known as BRICS (Brazil, Russia, India, China, and South Africa) finds itself at a crossroads. Set to convene this month in Johannesburg, the upcoming summit has been marked by an overarching question: Should BRICS expand?…

TL;DR Breakdown The individual behind the $61 million asset drain on Curve Finance has begun to return some of the stolen cryptocurrency. Curve Finance, Metronome, and Alchemix offer a 10% bounty as a reward if the attackers return the remaining 90%. Description The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the … Read more The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the assets.  Subsequently, they transferred approximately $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet through multiple transactions, as indicated by the data…

TL;DR Breakdown Ilya Lichtenstein and Heather Morgan pleaded guilty to laundering $4.5 billion in Bitcoin stolen from Bitfinex. The couple used complex schemes to launder the funds, including burying gold coins and international travel. The case marked a significant recovery of $3.6 billion, with Bitfinex praising the DOJ’s efforts. Description In a landmark court appearance, Ilya Lichtenstein, a 35-year-old self-proclaimed angel investor, and his wife Heather Morgan, an internet rapper who calls herself “Razzlekhan” or the “Crocodile of Wall Street,” admitted to orchestrating the theft of Bitcoin valued in billions from the cryptocurrency exchange, Bitfinex. Lichtenstein and Morgan pleaded guilty to a conspiracy tied to … Read more In a landmark court appearance, Ilya Lichtenstein, a 35-year-old self-proclaimed angel investor, and his wife Heather Morgan, an internet rapper who calls herself “Razzlekhan” or the “Crocodile of Wall Street,” admitted to orchestrating the theft of Bitcoin valued in billions from the cryptocurrency exchange, Bitfinex. Lichtenstein and Morgan pleaded guilty to a conspiracy tied to money laundering before US District Judge Colleen Kollar-Kotelly. The plea is the culmination of a protracted saga…

TL;DR Breakdown The U.S. economy saw an addition of 187,000 jobs in July, while the unemployment rate also saw a slight decline, reaching 3.5 percent. The annual inflation rate has gradually decreased each month, reaching 3% in June. Description The U.S. economy saw an addition of 187,000 jobs in July, which indicates a healthy gain. The unemployment rate also saw a slight decline, reaching 3.5 percent, as the Bureau of Labor Statistics reported on Friday. The previous two months have had the worst employment growth since December 2020, combined with June’s revised 185,000 jobs … Read more The U.S. economy saw an addition of 187,000 jobs in July, which indicates a healthy gain. The unemployment rate also saw a slight decline, reaching 3.5 percent, as the Bureau of Labor Statistics reported on Friday. The previous two months have had the worst employment growth since December 2020, combined with June’s revised 185,000 jobs gain. However, despite this cooling in job growth, the overall performance is still considered solid and positive for the economy. US economy adds more jobs The U.S. economy…

TL;DR Breakdown Oman’s financial regulator seeks public feedback on a new regulatory framework for virtual assets. The proposed framework covers all virtual asset sectors, with a focus on risk mitigation. This aligns Oman with global trends to regulate crypto assets while encouraging sector growth. Description The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities … Read more The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities and transactions involving crypto assets, tokens, crypto exchanges, and initial coin offerings. According to the CMA, the regulatory framework aims to establish…