TL;DR Breakdown Cardano’s in-house developers have given the Lace light wallet a significant facelift, focusing on enhancing security and usability for users. The updates include increased end-to-end test automation coverage, refined UI flow for multi-delegation, and load tests to improve the wallet’s performance and scalability. Description Cardano, one of the leading blockchain networks in the Web 3.0 space, has recently unveiled significant updates to its first decentralized light wallet, Lace. Developed by Cardano’s in-house team at Input Output Hong Kong, the Lace wallet was introduced earlier this year as a highly functional and user-friendly Web 3.0 wallet. With the aim of … Read more Cardano, one of the leading blockchain networks in the Web 3.0 space, has recently unveiled significant updates to its first decentralized light wallet, Lace. Developed by Cardano’s in-house team at Input Output Hong Kong, the Lace wallet was introduced earlier this year as a highly functional and user-friendly Web 3.0 wallet. With the aim of providing a seamless experience for users within and beyond the Cardano ecosystem, the recent updates to Lace promise enhanced security features…

TL;DR Breakdown Gemini teases the potential relisting of XRP following Ripple’s legal win against the SEC, which has led to a surge in XRP’s trading volume and price. Gemini’s CEO, Cameron Winklevoss, expresses optimism about Bitcoin accumulation, as spot Bitcoin ETF filings signal growing institutional interest in the leading cryptocurrency. Description United States-based cryptocurrency exchange Gemini has hinted at plans to relist the XRP token on its platform, following Ripple‘s recent legal victory in the U.S. Securities and Exchange Commission (SEC) lawsuit. The development comes in the wake of several top crypto exchanges, including Coinbase and Kraken, already reinstating XRP trading after the July 13, 2023 … Read more United States-based cryptocurrency exchange Gemini has hinted at plans to relist the XRP token on its platform, following Ripple‘s recent legal victory in the U.S. Securities and Exchange Commission (SEC) lawsuit. The development comes in the wake of several top crypto exchanges, including Coinbase and Kraken, already reinstating XRP trading after the July 13, 2023 Summary Judgment by Judge Analisa Torres. Her ruling effectively reopened the doors for XRP trading on…

TL;DR Breakdown House Republicans introduce a bill to regulate the crypto market, granting the CFTC more authority over digital asset commodity markets. House Democrats criticize the bill, considering it a “handout” to the crypto industry, and prefer the SEC to oversee the crypto market instead. Description In a highly contentious move, House Republicans recently introduced a bill focused on regulating the crypto market structure. However, the proposal has faced immediate pushback from Democrats on the House Agriculture Committee, who criticize the bill for allegedly favoring the crypto industry with unnecessary privileges.  The bill, titled the Financial Innovation and Technology for the … Read more In a highly contentious move, House Republicans recently introduced a bill focused on regulating the crypto market structure. However, the proposal has faced immediate pushback from Democrats on the House Agriculture Committee, who criticize the bill for allegedly favoring the crypto industry with unnecessary privileges.  The bill, titled the Financial Innovation and Technology for the 21st Century Act, was introduced by House Agriculture Committee Chair Glenn Thompson, R-Pa., along with Rep. French Hill, R-Ark., and Rep….

Description Heather Morgan and Ilya Lichtenstein, the American duo implicated in the colossal laundering of cryptocurrency plundered from the 2016 Bitfinex hack, have entered into a plea deal. The terms of the agreement have not yet been made public, but both parties are scheduled for a plea hearing on August 3 before Senior Judge Colleen Kollar-Kotelly, … Read more Heather Morgan and Ilya Lichtenstein, the American duo implicated in the colossal laundering of cryptocurrency plundered from the 2016 Bitfinex hack, have entered into a plea deal. The terms of the agreement have not yet been made public, but both parties are scheduled for a plea hearing on August 3 before Senior Judge Colleen Kollar-Kotelly, according to court documents. The unconventional defendants Morgan, known in the hip-hop world as “Razzlekhan”, and her spouse Lichtenstein first drew attention from the authorities in February 2022. With her hip-hop alter-ego exuding more than a hint of Genghis Khan’s charisma, Morgan dubbed herself the “Crocodile of Wall Street” and boasted of being a “bad ass money maker” in her lyrics. Lichtenstein, alternatively, characterized himself as…

TL;DR Breakdown Weekly crypto price analysis shows most of them have been trading in mixed reactions, with bull and bearish patterns emerging in the market. Bitcoin price analysis has been hovering between the $30k-$29,900 level for most days in the week, with minor corrections in between. Ethereum has been trading around $1,900, with a slight upward trend. Description The Weekly crypto analysis for July 21, 2023, reveals that most cryptocurrencies have been trading in mixed signals, with bullish and bearish trends visible in the market. The BTC price analysis shows that the price has fluctuated between $30,000 and $29,7500 throughout most of the week, with minor corrections. The failure of Bitcoin to recover … Read more The Weekly crypto analysis for July 21, 2023, reveals that most cryptocurrencies have been trading in mixed signals, with bullish and bearish trends visible in the market. The BTC price analysis shows that the price has fluctuated between $30,000 and $29,7500 throughout most of the week, with minor corrections. The failure of Bitcoin to recover from strong support levels raises the possibility of a…

TL;DR Breakdown McDonald’s has created its first Web3 experience called McNuggets Land in The Sandbox to celebrate Chicken McNuggets’ 40th anniversary. Participants can play games, complete quests, and win both virtual and real-world rewards, including year-long Chicken McNuggets coupons. McDonald’s venture into the metaverse is part of a larger trend of businesses using virtual spaces for brand-building and customer engagement. Description Basking in the glows of a digital sun, an iconic fast food giant sets its mark in the infinite expanse of the metaverse. McDonald’s is leading the industry by venturing into the Web3 realm, where it has crafted an immersive and engaging experience for its Hong Kong audience, all in honor of a milestone – … Read more Basking in the glows of a digital sun, an iconic fast food giant sets its mark in the infinite expanse of the metaverse. McDonald’s is leading the industry by venturing into the Web3 realm, where it has crafted an immersive and engaging experience for its Hong Kong audience, all in honor of a milestone – the 40th anniversary of the beloved…

TL;DR Breakdown Crypto VC funding fell by 29.73% in June, with only $779.32 million raised across 62 deals, amid global economic uncertainties. Despite the drop, the overall 2023 trend is still positive, partly due to recent positive developments like Bitcoin ETF applications and Ripple’s legal win. Investment focus remains steady with blockchain infrastructure leading, followed by decentralized finance (DeFi), Web3, centralized finance (CeFi), and nonfungible tokens (NFTs). Description Venture capital funding within the cryptocurrency sphere is undergoing a significant downturn as market ambiguities intensify. June witnessed a sharp fall of almost 30%, securing only $779.32 million across 62 distinct deals, according to Cointelegraph Research Venture Capital Database. This decline correlates with a larger context of global economic ambiguity, featuring uncertainties such as geopolitical … Read more Venture capital funding within the cryptocurrency sphere is undergoing a significant downturn as market ambiguities intensify. June witnessed a sharp fall of almost 30%, securing only $779.32 million across 62 distinct deals, according to Cointelegraph Research Venture Capital Database. This decline correlates with a larger context of global economic ambiguity, featuring uncertainties such as…

TL;DR Breakdown The Banque de France proposed three models for a wholesale Central Bank Digital Currency (CBDC) to improve securities settlement and cross-border payments. Experiments showed a wholesale CBDC would enhance cross-border payments, settlement finality, and financial asset security. The bank emphasized the need for interoperability, standardization, and energy-efficient solutions in CBDC and DLT design. Description In a significant move towards digital currency innovation, the Banque de France has published its second paper on wholesale Central Bank Digital Currency (CBDC), following a series of experiments. The French central bank has identified two primary use cases for an interbank CBDC: securities settlement on Distributed Ledger Technology (DLT) systems and cross-border payments. Three … Read more In a significant move towards digital currency innovation, the Banque de France has published its second paper on wholesale Central Bank Digital Currency (CBDC), following a series of experiments. The French central bank has identified two primary use cases for an interbank CBDC: securities settlement on Distributed Ledger Technology (DLT) systems and cross-border payments. Three models for wholesale CBDC Based on its extensive experimentation, the Banque…

TL;DR Breakdown Algeria has officially applied to join the BRICS, a coalition of Brazil, Russia, India, China, and South Africa. The move aims to diversify Algeria’s oil and gas-based economy and open new economic opportunities. Algeria plans to contribute $1.5 billion as a shareholder member of the BRICS Bank. Description Algeria has formally petitioned to be incorporated into the influential BRICS coalition, comprising Brazil, Russia, India, China, and South Africa. The move, confirmed by Algerian President Abdelmadjid Tebboune, is a strategic effort to foster new economic opportunities and diversify Algeria’s economy, traditionally reliant on its rich oil and gas resources. Seeking greater economic opportunities President … Read more Algeria has formally petitioned to be incorporated into the influential BRICS coalition, comprising Brazil, Russia, India, China, and South Africa. The move, confirmed by Algerian President Abdelmadjid Tebboune, is a strategic effort to foster new economic opportunities and diversify Algeria’s economy, traditionally reliant on its rich oil and gas resources. Seeking greater economic opportunities President Tebboune’s confirmation of the application, during his return from a diplomatic visit to China, marks a significant…

TL;DR Breakdown The crypto community has been alerted to a potential scam being carried out on Uniswap founder’s account. Fighting scams in the rapidly evolving Web3 space. Description In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams’ compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20. During the breach, Adams’ Twitter account, with over 254,000 … Read more In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams’ compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20. During the breach, Adams’ Twitter account, with over 254,000 followers, released a false tweet claiming that the platform’s Permit2 contract had fallen victim to an unknown exploit, putting users’ tokens at risk. The tweet included a malicious link, attempting to lure users into a scam. Uniswap founder’s Twitter…