TL;DR Breakdown The Financial Stability Board (FSB) unveils a global crypto regulatory framework emphasizing ‘same activity, same risk, same regulation’. The guidelines stress on client asset protection, conflict-of-interest management, and cross-border cooperation, with strict rules for global stablecoins. FSB plans a review of these recommendations by 2025 and will report on current regulatory issues to the G20 in 2023. Description The Financial Stability Board (FSB), the international organization entrusted with overseeing the global financial system, has introduced an encompassing regulatory framework for cryptocurrencies. This pivotal announcement results from extensive feedback and critical analysis of the past year’s crypto-asset market events. Also, the new regulations seek to ensure the integrity of the global financial system by … Read more The Financial Stability Board (FSB), the international organization entrusted with overseeing the global financial system, has introduced an encompassing regulatory framework for cryptocurrencies. This pivotal announcement results from extensive feedback and critical analysis of the past year’s crypto-asset market events. Also, the new regulations seek to ensure the integrity of the global financial system by providing comprehensive and consistent rules to govern…

TL;DR Breakdown SEC Chair Gensler shared mixed views on the Ripple case, approving protection for institutional investors but disappointed about retail investors’ ruling. Gensler stressed the SEC’s ongoing rulemaking activities, countering criticism of regulation by enforcement. The SEC is committed to maintaining compliance and investor protection within the cryptocurrency sector. Description U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler voiced mixed reactions on Monday regarding a recent court decision about Ripple Labs Inc. Speaking at a National Press Club event in Washington DC, Gensler affirmed his approval of the ruling that institutional sales of Ripple’s tokens did breach federal securities laws, emphasizing the need for … Read more U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler voiced mixed reactions on Monday regarding a recent court decision about Ripple Labs Inc. Speaking at a National Press Club event in Washington DC, Gensler affirmed his approval of the ruling that institutional sales of Ripple’s tokens did breach federal securities laws, emphasizing the need for protecting investors at that level. Conversely, Gensler expressed disappointment over the part of the judgment that…

TL;DR Breakdown China’s Q2 GDP growth was 0.8%, lower than Q1’s 2.2%, due to decreasing exports and weak retail sales. Unemployment rate among 16 to 24-year-olds reached a concerning 21.3%. Government measures like infrastructure investment and tax breaks are being used to stimulate the economy. Despite the slowdown, some sectors such as catering and electric vehicles witnessed growth. Description Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown in Q2. Amid plummeting exports, dwindling retail sales, and a sluggish property market, the Eastern giant witnessed a mere 0.8% GDP growth compared to the prior quarter, sparking international concerns. This lukewarm performance serves as a sobering reminder that the … Read more Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown in Q2. Amid plummeting exports, dwindling retail sales, and a sluggish property market, the Eastern giant witnessed a mere 0.8% GDP growth compared to the prior quarter, sparking international concerns. This lukewarm performance serves as a sobering reminder that the path to global economic recovery is indeed rocky….

TL;DR Breakdown Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment system. The user’s wallet, specifically Safe wallets in this case, will function like a bank account, and each Gnosis Card will be associated with the user’s Safe account. By combining the convenience of a traditional Visa-powered debit card with the security and transparency of an on-chain self-custodial wallet, Gnosis aims to bridge the gap between the traditional financial system and the emerging world of cryptocurrencies. Description Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment system. The company announced the launch of Gnosis Pay and Gnosis Card, which represent the first decentralized payment network integrating with a traditional payment processor and the first … Read more Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment…

TL;DR Breakdown Dogecoin (DOGE) experienced a sudden and dramatic price surge of 3% within a span of just one minute.  Remarkably, a mere three hours after Musk’s tweet, the price of Dogecoin plummeted by over 5% at one point, completely erasing the earlier gains and leaving the token a few percentage points lower than before. Description In a surprising turn of events, Dogecoin (DOGE) experienced a sudden and dramatic price surge of 3% within a span of just one minute. The catalyst behind this rapid rise was none other than Elon Musk, the charismatic billionaire and prominent figure behind companies like Tesla, SpaceX, and Twitter. Known for his playful interactions with … Read more In a surprising turn of events, Dogecoin (DOGE) experienced a sudden and dramatic price surge of 3% within a span of just one minute. The catalyst behind this rapid rise was none other than Elon Musk, the charismatic billionaire and prominent figure behind companies like Tesla, SpaceX, and Twitter. Known for his playful interactions with the crypto community, Musk responded to a question on Twitter about…

TL;DR Breakdown Ethscriptions protocol has suffered a massive setback after its marketplace was hacked. Addressing security concerns for a relaunched marketplace. Description The Ethsubscriptions protocol, a groundbreaking initiative allowing users to create and share digital objects on the Ethereum blockchain, has encountered a significant setback due to a recent hack on its main marketplace. Launched just last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel concept that leverages transaction “calldata” to … Read more The Ethsubscriptions protocol, a groundbreaking initiative allowing users to create and share digital objects on the Ethereum blockchain, has encountered a significant setback due to a recent hack on its main marketplace. Launched just last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel concept that leverages transaction “calldata” to record non-financial data on the Ethereum network. Hackers stole listed Ethscriptions on the protocol While the Ethsubscriptions protocol itself and other applications using the technology remain unaffected, the marketplace on Ethscriptions.com suffered a security breach resulting in the theft of a considerable number of listed…

TL;DR Breakdown Binance has announced the integration of the Bitcoin lightning network on its platform. The platform promises swift and cheap transactions. Description In a significant move for the cryptocurrency community, Binance, one of the leading cryptocurrency exchanges, has recently completed the integration of the Bitcoin Lightning Network onto its platform for BTC withdrawals and deposits. This development, confirmed through a blog post on July 17, marks a substantial milestone in enhancing the efficiency and cost-effectiveness of Bitcoin … Read more In a significant move for the cryptocurrency community, Binance, one of the leading cryptocurrency exchanges, has recently completed the integration of the Bitcoin Lightning Network onto its platform for BTC withdrawals and deposits. This development, confirmed through a blog post on July 17, marks a substantial milestone in enhancing the efficiency and cost-effectiveness of Bitcoin transactions for Binance users. Binance users can leverage layer-2 solutions for transactions With the integration of the Lightning Network, Binance users can now utilize the layer-2 scaling solution for their BTC withdrawals and deposits. When users opt to withdraw or deposit Bitcoin, they will…

TL;DR Breakdown Ripple’s CTO, David Schwartz, shared a past post outlining key points of Ripple’s vision. According to Schwartz, investor lockups involving XRP were abandoned due to their ineffectiveness. Ripple has evolved its strategies, showcasing adaptability and a willingness to explore new approaches. Description The Ripple (XRP) community recently unearthed an old post by David Schwartz, Ripple’s Chief Technology Officer (CTO). Shared by an enthusiastic member known as “RealXRPboy,” the post rekindled curiosity and ignited discussions within the crypto community. Schwartz, known for his insightful perspectives, had outlined ten key points, providing a glimpse into Ripple’s vision. Schwartz began … Read more The Ripple (XRP) community recently unearthed an old post by David Schwartz, Ripple’s Chief Technology Officer (CTO). Shared by an enthusiastic member known as “RealXRPboy,” the post rekindled curiosity and ignited discussions within the crypto community. Schwartz, known for his insightful perspectives, had outlined ten key points, providing a glimpse into Ripple’s vision. Schwartz began by stating, “Here’s how I’ve been explaining it recently,” offering a glimpse into his mindset during that era. With cautious optimism, he concluded…

TL;DR Breakdown A developer has revealed that there is a feature In Brazil’s CBDC that will allow the government to freeze funds and adjust balance. Analysts call for transparency and the need for open communication. Description A blockchain developer has uncovered a concerning feature within the code of the Brazilian Central Bank Digital Currency (CBDC), revealing that the government has embedded the capability to freeze funds and modify balances. Pedro Magalhaes, the founder of Web3 consulting firm Iora Labs, conducted a review of the Application Programming Interface (API) published by the … Read more A blockchain developer has uncovered a concerning feature within the code of the Brazilian Central Bank Digital Currency (CBDC), revealing that the government has embedded the capability to freeze funds and modify balances. Pedro Magalhaes, the founder of Web3 consulting firm Iora Labs, conducted a review of the Application Programming Interface (API) published by the monetary authority on its GitHub account. However, the Brazilian government has remained tight-lipped about the findings, leaving questions unanswered. Concerning code discovered in Brazil’s CBDC Magalhaes expressed his frustration at the…

TL;DR Breakdown Beijing’s municipal government has unveiled an ambitious plan to annually train 10,000 talents in emerging tech sectors, including AI, blockchain, and big data, aiming to become a leading player in the global digital landscape. The initiative also involves revamping the talent evaluation system, creating “chief data officer” roles, advanced training programs for corporate managers, and digital skills enhancement for the industrial workforce. The plan includes provisions for new talent assessment methods in the digital economy, proposing a professional title evaluation major and a technical-level assessment based on national occupational standards. Description In an unprecedented move set to redefine the digital landscape, Beijing’s municipal government has announced its ambitious initiative to train 10,000 engineering talents in emerging technologies annually. Revealed in a government document by the Beijing Municipal Human Resources and Social Security Bureau, the tech talents will specialize in burgeoning sectors, including blockchain, artificial intelligence (AI), … Read more In an unprecedented move set to redefine the digital landscape, Beijing’s municipal government has announced its ambitious initiative to train 10,000 engineering talents in emerging technologies annually. Revealed in…