Description Today’s world is caught in a whirlwind of challenges that surpass the traditional borders of military defense. It’s not just about facing down an adversary on the battlefield; the threats we face have mutated into forms that our existing systems can scarcely comprehend. The complex relationship between the U.S. and EU is at a critical … Read more Today’s world is caught in a whirlwind of challenges that surpass the traditional borders of military defense. It’s not just about facing down an adversary on the battlefield; the threats we face have mutated into forms that our existing systems can scarcely comprehend. The complex relationship between the U.S. and EU is at a critical juncture, and a new approach is necessary. If not, we risk failing to address the critical issues of our time, from the rise of new superpowers to climate change and technological revolution. A Failed Current System There is no sugarcoating the fact that our current transatlantic framework is failing us. NATO, while still playing a crucial role in areas such as support for Ukraine against Russian…

TL;DR Breakdown Bitcoin wallet addresses with non-zero balances hit a record high of over 47.8 million. Fear-driven Bitcoin discussions surged after U.S. rate hikes. Description The number of Bitcoin wallet addresses holding a non-zero balance has reached a new all-time high, according to data from crypto analytics firm Glassnode. However, the firm reported that the number of non-zero Bitcoin addresses has surged to 47,857,099. This figure represents a significant increase from the 44.06 million addresses reported earlier this year. The … Read more The number of Bitcoin wallet addresses holding a non-zero balance has reached a new all-time high, according to data from crypto analytics firm Glassnode. However, the firm reported that the number of non-zero Bitcoin addresses has surged to 47,857,099. This figure represents a significant increase from the 44.06 million addresses reported earlier this year. The number of non-zero Bitcoin addresses is often used as a metric to measure Bitcoin adoption, and a higher number could indicate that more people are investing and holding onto Bitcoin. 📈 #Bitcoin $BTC Number of Non-Zero Addresses just reached an ATH of…

TL;DR Breakdown D.C. Circuit Court reverses an SEC ruling, calling it “arbitrary and capricious.” The decision could affect future SEC cases, including Grayscale’s Bitcoin ETF lawsuit. The ruling, while not directly affecting crypto, suggests SEC decisions can be challenged, possibly leading to better crypto regulation. Description In a significant development, the U.S. Court of Appeals for the District of Columbia Circuit has reversed a ruling by the Securities and Exchange Commission (SEC), terming the regulator’s decision as “arbitrary and capricious.” The court’s decision pertains to the SEC’s order on SPIKES futures, a volatility index product. The court’s ruling has been hailed … Read more In a significant development, the U.S. Court of Appeals for the District of Columbia Circuit has reversed a ruling by the Securities and Exchange Commission (SEC), terming the regulator’s decision as “arbitrary and capricious.” The court’s decision pertains to the SEC’s order on SPIKES futures, a volatility index product. The court’s ruling has been hailed as a landmark judgment that could potentially influence future cases involving the SEC. The case was heard by a three-judge panel…

TL;DR Breakdown Ross Jay and Michael Freckleton were sentenced for cryptocurrency scams from 2015-2017. Fake cryptocurrency “Telecoin” is used to deceive investors with false promises of profits. Fraudsters accumulated £509,599 but never engaged in actual cryptocurrency trading. Description Two crypto fraudsters, Ross Jay and Michael Freckleton, have been sentenced by the Southwark Crown Court in the United Kingdom after being found guilty of orchestrating a cryptocurrency scam from 2015 to 2017. The duo used false promises of massive profits to deceive unsuspecting investors into investing in a fake cryptocurrency called “Telecoin.” Under the … Read more Two crypto fraudsters, Ross Jay and Michael Freckleton, have been sentenced by the Southwark Crown Court in the United Kingdom after being found guilty of orchestrating a cryptocurrency scam from 2015 to 2017. The duo used false promises of massive profits to deceive unsuspecting investors into investing in a fake cryptocurrency called “Telecoin.” Under the guise of a firm named Digi Ex, Jay, and Freckleton proactively solicited potential investors with enticing questions like, “How would you like to invest in a cryptocurrency called ‘Telecoin’?”…

TL;DR Breakdown Gucci has announced that the holders of its Gucci Materials NFT can now exchange them for premium merchandise. Bridging the gap between digital and physical experiences. Description Gucci has unveiled an exciting utility for its Gucci Material NFTs, allowing holders to exchange their tokens for premium merchandise. The luxury brand, owned by Kering, collaborated with the partner platform 10KTF.shop to offer bifold wallets and Gucci x 10KTF co-branded duffle bags as redemption options for the NFTs. Gucci reveals utility behind the Material … Read more Gucci has unveiled an exciting utility for its Gucci Material NFTs, allowing holders to exchange their tokens for premium merchandise. The luxury brand, owned by Kering, collaborated with the partner platform 10KTF.shop to offer bifold wallets and Gucci x 10KTF co-branded duffle bags as redemption options for the NFTs. Gucci reveals utility behind the Material NFTs The much-awaited reveal comes after months of speculation about the purpose and utility behind the 2,896 NFTs that were minted in March. To avail themselves of the redemption facility, token holders can head to the 10KTF.shop platform….

TL;DR Breakdown GitHub and a list of other tech firms have urged the European Union to reconsider its AI Act. The group underscores the importance of AI regulation. Description In a joint effort, GitHub, Hugging Face, Creative Commons, and other tech companies have penned an open letter appealing to European Union (EU) policymakers to revise certain aspects of the EU’s Artificial Intelligence Act. The letter expresses concerns that upcoming rules may inadvertently impede the development of open-source artificial intelligence (AI) models. GitHub joins other … Read more In a joint effort, GitHub, Hugging Face, Creative Commons, and other tech companies have penned an open letter appealing to European Union (EU) policymakers to revise certain aspects of the EU’s Artificial Intelligence Act. The letter expresses concerns that upcoming rules may inadvertently impede the development of open-source artificial intelligence (AI) models. GitHub joins other firms in an open letter to the EU The primary contention raised in the GitHub open letter is that treating upstream open-source projects as if they were commercial products or deployed AI systems could hinder the progress of…

TL;DR Breakdown China is facing obstruction in its plans to increase the size of the BRICS membership. Proposed measures to mitigate concerns and shape the association’s future. Description India and Brazil, as BRICS member states, are obstructing China’s ambitions to swiftly expand the bloc, according to a recent report. Sources suggest that both nations have distinct reasons to express reservations about Beijing’s proposal to enhance the organization’s geopolitical influence, leading them to advocate for a more cautious approach to enlargement. Officials familiar with … Read more India and Brazil, as BRICS member states, are obstructing China’s ambitions to swiftly expand the bloc, according to a recent report. Sources suggest that both nations have distinct reasons to express reservations about Beijing’s proposal to enhance the organization’s geopolitical influence, leading them to advocate for a more cautious approach to enlargement. Officials familiar with the discussions on the future composition of the BRICS bloc of developing economies revealed that India and Brazil have voiced their objections during preparatory talks for the upcoming summit in Johannesburg. BRICS members to discuss expansion in its August…

TL;DR Breakdown A new study by Ripple and US Faster Payments Council predicts blockchain’s potential to save $10B in cross-border payments by 2030. 97% of financial experts believe blockchain will revolutionize international finance with faster payment methods. Most respondents see lower payment fees as the primary advantage of adopting cryptocurrencies. Description According to a new study released on July 29 by Ripple, a leading crypto firm, and the US Faster Payments Council (FPC), blockchain technology is poised to revolutionize the international financial system, potentially saving up to $10 billion in cross-border payment costs by 2030 if embraced by global financial institutions. The study, based on the … Read more According to a new study released on July 29 by Ripple, a leading crypto firm, and the US Faster Payments Council (FPC), blockchain technology is poised to revolutionize the international financial system, potentially saving up to $10 billion in cross-border payment costs by 2030 if embraced by global financial institutions. The study, based on the perspectives of 300 financial experts from 45 countries, including professionals from fintech, traditional banking, media, consumer…

TL;DR Breakdown The DOJ urges the revocation of FTX CEO SBF’s bail due to witness tampering and obstruction allegations. SBF is suspected of attempting to influence witnesses by sharing private journal entries with the New York Times. Communication through encrypted messaging software Signal raises concerns about potential witness tampering. Description The United States Department of Justice (DOJ) has made a stunning move in the ongoing legal saga surrounding FTX and its CEO, SBF. On Friday, the DOJ submitted a letter to Judge Lewis Kaplan, urging him to revoke SBF’s bail due to alarming allegations of witness tampering and obstruction. According to the DOJ, SBF is … Read more The United States Department of Justice (DOJ) has made a stunning move in the ongoing legal saga surrounding FTX and its CEO, SBF. On Friday, the DOJ submitted a letter to Judge Lewis Kaplan, urging him to revoke SBF’s bail due to alarming allegations of witness tampering and obstruction. According to the DOJ, SBF is suspected of attempting to influence or intimidate witnesses in the FTX case. The allegations stem from two…

TL;DR Breakdown John E Deaton, a prominent figure in the crypto industry, argues that the U.S. operates under a system of corporate capitalism, not true capitalism, which discriminates against the working class. Deaton criticizes the accredited investor rules, which he believes disproportionately favor the wealthy and limit opportunities for the average citizen. He argues that despite the heated rhetoric between Democrats and Republicans, each election changes little, citing the bailouts of car companies and banks as evidence. Deaton sees potential in the crypto industry, praising the concept behind Bitcoin, which allows anyone with a smartphone to participate in free markets without the need for banks or middlemen. He calls for a true capitalist system in the U.S., believing that until term limits are implemented and the two-party system is ended, the status quo will remain.   Description For years, the United States has been hailed as a beacon of capitalism. However, according to John E Deaton, a prominent figure in the crypto industry, the reality is far from this ideal. In a recent tweet, Deaton expressed his belief that the…