TL;DR Breakdown Bank of Italy’s Milano hub is set to provide support for Certif Advisory in its latest project. Certif Advisory aims to advance DeFi using its platform. Description The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi). Bank of Italy’s Milano hub to help in DeFi research At the core of this endeavor … Read more The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi). Bank of Italy’s Milano hub to help in DeFi research At the core of this endeavor lies the exploration of security tokens on secondary markets, which are digitized representations of real-world assets’ ownership. The primary goal of the project carried out in Bank of Italy’s Milano hub is not commercialization but to expand the…

TL;DR Breakdown Lacoste has launched a new virtual store, offering an immersive shopping experience that includes an exclusive underwater VIP space for holders of Lacoste’s UNDW3 tokens on the Ethereum blockchain. The VIP area showcases an exclusive UNDW3 apparel collection and hosts an exclusive level of a scavenger hunt game, offering weekly prizes throughout the summer. This initiative marks a significant milestone in the integration of blockchain technology and NFTs into traditional retail, potentially influencing the broader retail landscape and prompting other brands to consider similar strategies. Description Lacoste, the globally recognized fashion brand, has taken a significant step forward with the launch of a new virtual store for its summer collection. This innovative digital platform, developed in collaboration with retail technology developer Emperia, offers an immersive shopping experience that transcends the traditional retail model. The virtual store, accessible via Lacoste’s e-commerce platform, … Read more Lacoste, the globally recognized fashion brand, has taken a significant step forward with the launch of a new virtual store for its summer collection. This innovative digital platform, developed in collaboration with retail technology…

Description Brace yourself, the United States! The Federal Reserve is going full steam ahead in its war against inflation, as it pushes the benchmark interest rates to a high unseen in over two decades. The committee nudged the federal funds rate to a 5.25-5.5 per cent target range on Wednesday. And believe me, they’re not stopping … Read more Brace yourself, the United States! The Federal Reserve is going full steam ahead in its war against inflation, as it pushes the benchmark interest rates to a high unseen in over two decades. The committee nudged the federal funds rate to a 5.25-5.5 per cent target range on Wednesday. And believe me, they’re not stopping there. The Federal Reserve is back on its most uncompromising monetary tightening spree in decades. Federal Reserve tightens the belt Yes, you heard it right. The last time the committee convened in June, they decided to hold the rates steady. Their fearless leader, Fed chair Jay Powell, promised a slower tempo of rate rises. But don’t be fooled. With a unanimous decision, the board has put…

TL;DR Breakdown The United States SEC has shifted focus from Ripple to Quantstamp for offenses dating 6 years back. Quantstamp has agreed to settle charges with the Commission and will repay proceeds from its 2017 ICO that raised $28 million. The Commission’s decree stipulates the establishment of a “Fair Fund” to reimburse affected investors. Description In the wake of the recent legal dispute between the U.S. Securities and Exchange Commission and Ripple, the agency has now turned its attention to Quantstamp, a blockchain security company, and filed charges of alleged violations extending back six years.  The Commission asserts that Quantstamp enticed investors by promising that the token’s value would increase … Read more In the wake of the recent legal dispute between the U.S. Securities and Exchange Commission and Ripple, the agency has now turned its attention to Quantstamp, a blockchain security company, and filed charges of alleged violations extending back six years.  The Commission asserts that Quantstamp enticed investors by promising that the token’s value would increase proportionally to the project’s success. SEC will not stop coming after crypto…

TL;DR Breakdown There was a major shift in crypto markets today, Binance has withdrawn its license application with the German regulator. A study by CFA Institute shows that a high number of Indian and Chinese respondents support CBDCs. Judge Philip Jeyaretnam of the High Court of Singapore ruled on July 25 that crypto is a property that can be held in trust. Description Need to know what transpired today in crypto? Here is the most recent news regarding daily trends and events affecting the Bitcoin price, blockchain, DeFi, NFTs, Web3, and crypto regulation. According to a recent survey conducted by the CFA Institute, investment professionals in emergent markets and developed markets are divided on the concept of a … Read more Need to know what transpired today in crypto? Here is the most recent news regarding daily trends and events affecting the Bitcoin price, blockchain, DeFi, NFTs, Web3, and crypto regulation. According to a recent survey conducted by the CFA Institute, investment professionals in emergent markets and developed markets are divided on the concept of a central bank digital currency….

TL;DR Breakdown The House Financial Services Committee is preparing to vote on several bills aimed at establishing a regulatory framework for cryptocurrencies. The proposed legislation includes a bill that differentiates when a cryptocurrency is considered a security or a commodity. Description An air of anticipation wraps Capitol Hill as the House Financial Services Committee gears up to cast votes on a host of crypto bills. This significant development paints a hopeful future for the digital asset industry as the U.S. legislature is finally drawing a regulatory net around cryptocurrencies – a movement that is seen as … Read more An air of anticipation wraps Capitol Hill as the House Financial Services Committee gears up to cast votes on a host of crypto bills. This significant development paints a hopeful future for the digital asset industry as the U.S. legislature is finally drawing a regulatory net around cryptocurrencies – a movement that is seen as a breakthrough moment in the long-sought-after bid for formal oversight in this field. Cautious steps towards regulatory clarity Last year’s debacle involving investors suffering massive losses…

TL;DR Breakdown HSBC has reduced its fixed-term mortgage rates, offering hope to homeowners facing nearly 7% borrowing costs. The bank has reduced the cost of residential products by up to 0.35 percentage points. Smaller lenders are also indicating a shift towards lower rates, but others are increasing prices. Description Leading the way in an unexpected turn of financial events, HSBC, one of the major lending institutions in the United Kingdom, has boldly cut its fixed-term mortgage rates. This audacious move sparks a glimmer of hope amidst homeowners grappling with near-7% borrowing costs. HSBC breaking from the pack HSBC, the country’s sixth-largest bank, made public … Read more Leading the way in an unexpected turn of financial events, HSBC, one of the major lending institutions in the United Kingdom, has boldly cut its fixed-term mortgage rates. This audacious move sparks a glimmer of hope amidst homeowners grappling with near-7% borrowing costs. HSBC breaking from the pack HSBC, the country’s sixth-largest bank, made public its decision to decrease the cost of residential products by a significant 0.35 percentage points. The move is…

TL;DR Breakdown The month of July was a tumultuous one for the decentralized finance (DeFi) industry, with transaction volume falling with a string of attacks and exploits. Conic Finance, a yield-generating protocol, lost 1,700 ether in a reentrancy exploit last week, making it the biggest loser in July. This month has seen a significant decrease in TVL for several different DeFi protocols, including the liquid staking protocol Ankr, the NFT-lending service BendDAO, and the Arbitrum-based decentralized exchange Chronos, which has seen a decrease of up to 50%. Description Decentralized Finance (DeFi), formerly a booming area of the crypto market, is currently dealing with difficult circumstances as a result of an extended downturn. A recent study shows that the daily trade volume in DeFi has decreased to levels that haven’t been witnessed in seven months.  Investors and analysts are becoming concerned about the future … Read more Decentralized Finance (DeFi), formerly a booming area of the crypto market, is currently dealing with difficult circumstances as a result of an extended downturn. A recent study shows that the daily trade volume in…

TL;DR Breakdown UK judge orders Craig Wright to provide $516K as security to pursue case against Coinbase and Kraken. Wright accuses the exchanges of copyright infringement, claiming ownership of the term “Bitcoin.” Wright faces multiple legal challenges, including a U.S. case and a failed libel claim against a podcaster. Description Craig Wright, the self-proclaimed creator of Bitcoin, has been ordered by James Mellor, a judge at the England and Wales High Court, to provide £400,000 ($516,000) as security for legal costs to pursue his allegations against crypto exchanges Coinbase and Kraken. This ruling comes in light of Wright’s previous statements that he had made himself … Read more Craig Wright, the self-proclaimed creator of Bitcoin, has been ordered by James Mellor, a judge at the England and Wales High Court, to provide £400,000 ($516,000) as security for legal costs to pursue his allegations against crypto exchanges Coinbase and Kraken. This ruling comes in light of Wright’s previous statements that he had made himself financially “untouchable” by using a trust to shift assets. However, Judge Mellor raised doubts regarding Wright’s financial…

TL;DR Breakdown Dogecoin has experienced a small surge following several activities of Elon Musk on Twitter. Controversy surrounds the future of the asset in the crypto market. Description The digital asset market may have been relatively quiet, but one cryptocurrency that stands out with a remarkable surge is Dogecoin. The surge can be attributed to Twitter CEO Elon Musk. Presently, DOGE has surged 1.65% in the past 24 hours, trading at $0.07. Over the past week, it has seen a 19% increase, making … Read more The digital asset market may have been relatively quiet, but one cryptocurrency that stands out with a remarkable surge is Dogecoin. The surge can be attributed to Twitter CEO Elon Musk. Presently, DOGE has surged 1.65% in the past 24 hours, trading at $0.07. Over the past week, it has seen a 19% increase, making it one of the best-performing coins in the market. Dogecoin sees a 9% rise in 24 hours Created as a joke by a group of engineers in 2013, Dogecoin has unexpectedly gained significant popularity, currently ranking as the eighth-largest…