TL;DR Breakdown Polygon Zero, the zero-knowledge scaling arm of Polygon, has recently accused developers at Matter Labs of engaging in plagiarism by allegedly copy-pasting a substantial amount of source code from Polygon Zero’s Plonky2 library.  Polygon Zero claims that Matter Labs recently introduced a proving system named Boojum, and this system allegedly contains code that was copied from critical components of Polygon Zero’s recursive SNARK Plonky2. Description Polygon Zero, the zero-knowledge scaling arm of Polygon, has recently accused developers at Matter Labs of engaging in plagiarism by allegedly copy-pasting a substantial amount of source code from Polygon Zero’s Plonky2 library. The contentious code was found on zkSync, which is a competitor layer-2 scaling solution for Ethereum that also utilizes zero-knowledge technology. Matter … Read more Polygon Zero, the zero-knowledge scaling arm of Polygon, has recently accused developers at Matter Labs of engaging in plagiarism by allegedly copy-pasting a substantial amount of source code from Polygon Zero’s Plonky2 library. The contentious code was found on zkSync, which is a competitor layer-2 scaling solution for Ethereum that also utilizes zero-knowledge technology. Matter…

TL;DR Breakdown The Tel Aviv Stock Exchange (TASE) partners with Fireblocks to offer digital asset solutions in Israel, marking a significant advancement in the global digital assets landscape. This collaboration builds on previous initiatives, leveraging TASE’s market experience with Fireblocks’ technology for handling digital assets. The partnership and recent government efforts reflect Israel’s strategic approach to innovation and regulation in the growing crypto industry. Description The Tel Aviv Stock Exchange (TASE) has announced a strategic partnership with digital asset platform Fireblocks to jointly provide a series of new digital asset products and services. This partnership marks an important milestone in Israel’s integration of blockchain and cryptocurrency into its financial landscape. TASE, a pillar in Israel’s financial market, is positioning itself … Read more The Tel Aviv Stock Exchange (TASE) has announced a strategic partnership with digital asset platform Fireblocks to jointly provide a series of new digital asset products and services. This partnership marks an important milestone in Israel’s integration of blockchain and cryptocurrency into its financial landscape. TASE, a pillar in Israel’s financial market, is positioning itself to extend…

TL;DR Breakdown Coinbase beat Q2 revenue expectations, with shares rising 10% in extended trading. Interest income surged to $201.4 million from $32.5 million a year ago, cushioning trading volume slump. Shift from transaction fees to subscriptions and services, especially interest income from USD Coin (USDC), marked a strategic pivot. Description Coinbase Global, the top U.S. crypto exchange, has stunned the market by trumping the second-quarter revenue expectations, witnessing a 10% rise in shares during extended trading. While many were anticipating a slump, the company has turned the tables with a surge in interest income that cushioned any declines in trading volumes. In an industry known … Read more Coinbase Global, the top U.S. crypto exchange, has stunned the market by trumping the second-quarter revenue expectations, witnessing a 10% rise in shares during extended trading. While many were anticipating a slump, the company has turned the tables with a surge in interest income that cushioned any declines in trading volumes. In an industry known for wild oscillations and unforeseen shifts, the real story here is how Coinbase masterminded this feat, leading…

TL;DR Breakdown BRICS plans to abandon the U.S. dollar for global trade, using local currencies instead. This initiative aims to boost local economies and assert independence from Western economic influence. An upcoming summit in Johannesburg will discuss expanding the alliance and defining guidelines for new members. Description The line has been drawn in the sand, and BRICS nations have made a stand that could shake the global financial landscape. The alliance of Brazil, Russia, India, China, and South Africa (BRICS) is putting forth an initiative to abandon the U.S. dollar for global trade, opting instead to strengthen their local economies through cross-border … Read more The line has been drawn in the sand, and BRICS nations have made a stand that could shake the global financial landscape. The alliance of Brazil, Russia, India, China, and South Africa (BRICS) is putting forth an initiative to abandon the U.S. dollar for global trade, opting instead to strengthen their local economies through cross-border transactions using local currencies. This decision, aimed at keeping their native currencies in control, marks a turning point that could…

TL;DR Breakdown Shares fell 7% as PayPal’s Q2 adjusted operating margin reached 21.4%, below the expected 22%, affected by strong growth in low-margin products and slowing branded products growth. Acting CFO Gabrielle Rabinovitch and CEO Dan Schulman forecast improvements in Q4, while expressing optimism for e-commerce growth and third-quarter revenue, above analysts’ estimates.  PayPal continues to benefit from resilient consumer spending, with total payment volume surging 11% in Q2, and the company’s leadership is in the final stages of selecting Schulman’s successor after his announced retirement. Description PayPal Holdings is facing increased scrutiny from investors as shares fell 7% in extended trading on Wednesday, driven by disappointment in the company’s quarterly operating margin. Even though PayPal executives have forecasted improvements towards the end of the year, the uncertainty surrounding the company’s financial performance is sparking concern. PayPal’s margins underwhelm investors PayPal’s adjusted … Read more PayPal Holdings is facing increased scrutiny from investors as shares fell 7% in extended trading on Wednesday, driven by disappointment in the company’s quarterly operating margin. Even though PayPal executives have forecasted improvements towards the…

TL;DR Breakdown Amazon has announced a strategic partnership with Mojo Melee that will see subscribers earn exclusive NFTs. Players tip Mojo Melee for greatness. Description Mojo Melee, an NFT (non-fungible token) game developed on the Ethereum scaling network Polygon, has forged a strategic partnership with retail behemoth Amazon. As part of this collaboration, Mojo Melee is set to offer exclusive NFTs (non-fungible tokens) to Amazon Prime subscribers, adding an enticing dimension to the gaming experience. In an unprecedented move, Mojo … Read more Mojo Melee, an NFT (non-fungible token) game developed on the Ethereum scaling network Polygon, has forged a strategic partnership with retail behemoth Amazon. As part of this collaboration, Mojo Melee is set to offer exclusive NFTs (non-fungible tokens) to Amazon Prime subscribers, adding an enticing dimension to the gaming experience. In an unprecedented move, Mojo Melee has made its mark by teaming up with Amazon to present a unique opportunity for Amazon Prime subscribers. Amazon to offer NFTs via its gaming portal The collaboration aims to enhance the gaming experience for users by offering them NFTs through…

TL;DR Breakdown Goldman Sachs has predicted that generative AI would have a positive impact on the economy of the United States. The report says AI will play a role in reshaping business and the economy. Description As the world hurtles toward an increasingly tech-driven future, the economists at renowned investment banking titan Goldman Sachs have unveiled a startling forecast. In an investment report released on August 1st, Goldman Sachs economists Joseph Briggs and Devesh Kodnani offered an intriguing projection, suggesting that by 2025, AI might attract a staggering $200 billion in … Read more As the world hurtles toward an increasingly tech-driven future, the economists at renowned investment banking titan Goldman Sachs have unveiled a startling forecast. In an investment report released on August 1st, Goldman Sachs economists Joseph Briggs and Devesh Kodnani offered an intriguing projection, suggesting that by 2025, AI might attract a staggering $200 billion in global investments, with a significant portion flowing into the United States, effectively amplifying the nation’s gross domestic product (GDP). Goldman Sachs predicts a $200 billion surge by 2025 While past technological…

TL;DR Breakdown A new KPMG report has revealed the impacts and benefits of Bitcoin’s ESG. Robust governance and the misunderstood realities of Bitcoin. Description KPMG, a prominent player in the realm of professional services, has unveiled a comprehensive report delving into the intersection of Bitcoin and ESG (environment, social, and governance) considerations. The report unveils a nuanced perspective, showcasing how Bitcoin’s impact across various ESG facets presents a range of benefits that extend beyond common perceptions. KPMG scrutinizes Bitcoin … Read more KPMG, a prominent player in the realm of professional services, has unveiled a comprehensive report delving into the intersection of Bitcoin and ESG (environment, social, and governance) considerations. The report unveils a nuanced perspective, showcasing how Bitcoin’s impact across various ESG facets presents a range of benefits that extend beyond common perceptions. KPMG scrutinizes Bitcoin through an ESG lens When scrutinizing Bitcoin through an ESG lens, KPMG’s findings underscore its potential advantages within the framework. Notably, the report casts light on Bitcoin’s favorable aspects, particularly in the context of environmental concerns. Contrary to the prevailing notion that energy…

TL;DR Breakdown The Bank of England has raised its key interest rate to 5.25%, a level not seen in 15 years. BoE predicts that inflation will decrease to 4.9% by the year’s end. The U.K. is facing a more challenging inflationary environment than the U.S. and eurozone. Description The Bank of England (BoE) has raised its key interest rate to 5.25%, a level not seen in 15 years. Economists had largely expected the quarter-percentage point increase, marking it as the 14th consecutive hike by the central bank. According to the bank, the driving force behind this move is the realization that certain risks … Read more The Bank of England (BoE) has raised its key interest rate to 5.25%, a level not seen in 15 years. Economists had largely expected the quarter-percentage point increase, marking it as the 14th consecutive hike by the central bank. According to the bank, the driving force behind this move is the realization that certain risks stemming from inflation, such as the surge in wages, have started to materialize. Consequently, they felt compelled to increase…

TL;DR Breakdown Binance reached 150 million registered users, growing by 30 million in the last year. Top five traffic sources are Turkey, Vietnam, Russia, Argentina, and India. Binance’s CEO warned users about a tricky scam involving fake wallet addresses. Description Binance, the world’s largest cryptocurrency exchange, just hit a groundbreaking milestone, celebrating a whopping 150 million registered users. This achievement reveals not only a dynamic growth rate but also a new direction in user behavior within the platform. A complex mosaic of recent updates, challenges, and opportunities shapes the story behind this significant moment in … Read more Binance, the world’s largest cryptocurrency exchange, just hit a groundbreaking milestone, celebrating a whopping 150 million registered users. This achievement reveals not only a dynamic growth rate but also a new direction in user behavior within the platform. A complex mosaic of recent updates, challenges, and opportunities shapes the story behind this significant moment in the company’s history. 150 million users: A pathway of growth and challenges Reaching 150 million users didn’t happen overnight. Only a year ago, in July 2022, Binance‘s…