TL;DR Breakdown Binance has completed the integration of the Bitcoin Lightning Network, offering users faster and cheaper transactions for BTC withdrawals and deposits. With the Lightning Network integration, Binance joins other prominent exchanges in embracing layer-2 scaling solutions to address network congestion and high transaction fees. Description Binance, one of the world’s leading cryptocurrency exchanges, has announced the completion of its integration with the Bitcoin Lightning Network. This eagerly awaited update allows Binance users to leverage the layer-2 scaling solution for Bitcoin withdrawals and deposits, enabling lightning-fast transactions with reduced fees. With this move, Binance joins the ranks of other prominent exchanges … Read more Binance, one of the world’s leading cryptocurrency exchanges, has announced the completion of its integration with the Bitcoin Lightning Network. This eagerly awaited update allows Binance users to leverage the layer-2 scaling solution for Bitcoin withdrawals and deposits, enabling lightning-fast transactions with reduced fees. With this move, Binance joins the ranks of other prominent exchanges that have embraced the Lightning Network, including Bitfinex, River Financial, OKX, Kraken, and CoinCorner. Lightning Network Integration as an Option…

TL;DR Breakdown India and Indonesia have announced the launch of an Economic and Financial Dialogue, aimed at deepening their partnership and contributing to global economic stability. The dialogue will focus on areas such as bilateral investment, financial services, and infrastructure development, promoting cooperation between the two nations. Description In a significant development, Finance Minister Nirmala Sitharaman of India and her Indonesian counterpart Sri Mulyani Indrawati announced the launch of an Economic and Financial Dialogue between the two countries. The dialogue, unveiled on July 16 at the G20 meeting of finance ministers and central bank governors in Gandhinagar, aims to deepen the partnership between … Read more In a significant development, Finance Minister Nirmala Sitharaman of India and her Indonesian counterpart Sri Mulyani Indrawati announced the launch of an Economic and Financial Dialogue between the two countries. The dialogue, unveiled on July 16 at the G20 meeting of finance ministers and central bank governors in Gandhinagar, aims to deepen the partnership between India and Southeast Asia while fostering global economic and financial stability. With the backdrop of India’s “Look East Policy”…

TL;DR Breakdown Litecoin has surpassed 170 million network transactions, reflecting its exponential growth and increasing popularity. The steady momentum of Litecoin’s transaction volume indicates a surge in financial activities and acceptance of the cryptocurrency. Litecoin has maintained 100% uptime over the past 11 years, establishing its reputation as a reliable and robust blockchain network. Description Litecoin, the renowned cryptocurrency often called “Digital Silver,” has achieved a remarkable milestone, surpassing a previously unattainable barrier of 170 million network transactions. This exciting news was unveiled in a captivating tweet highlighting Litecoin’s recent exponential growth. Litecoin has witnessed over 10 million new transactions in just seven weeks, reflecting a surge in financial activities … Read more Litecoin, the renowned cryptocurrency often called “Digital Silver,” has achieved a remarkable milestone, surpassing a previously unattainable barrier of 170 million network transactions. This exciting news was unveiled in a captivating tweet highlighting Litecoin’s recent exponential growth. Litecoin has witnessed over 10 million new transactions in just seven weeks, reflecting a surge in financial activities and potentially surpassing a million transactions each week. The steady momentum of…

TL;DR Breakdown India and the UAE have signed agreements to promote cross-border transactions and payments using local currencies. The pacts aim to enhance economic cooperation and enable the acceptance of domestic cards in both countries. The visit of Prime Minister Narendra Modi to the UAE also includes the signing of an MoU to establish an Indian Institute of Technology campus in Abu Dhabi, showcasing strengthened bilateral ties Description India and the United Arab Emirates (UAE) have solidified their commitment to enhanced economic cooperation with the signing of agreements on trade settlement in national currencies. The Memoranda of Understanding (MoUs) aims to facilitate seamless cross-border transactions and payments between the two countries, promoting greater economic collaboration. Prime Minister Narendra Modi and the Reserve Bank … Read more India and the United Arab Emirates (UAE) have solidified their commitment to enhanced economic cooperation with the signing of agreements on trade settlement in national currencies. The Memoranda of Understanding (MoUs) aims to facilitate seamless cross-border transactions and payments between the two countries, promoting greater economic collaboration. Prime Minister Narendra Modi and the Reserve…

TL;DR Breakdown Ripple holds approximately 48 billion XRP coins, but most are held in escrow, and only a portion is sold monthly. Ripple’s impact on the market is minimal due to the daily trading volume of XRP, which is around 4 billion tokens. Hamilton suggests that the community can exercise power by voting for an amendment to prevent Ripple from acting against community interests. Description In a recent Twitter exchange shedding light on Ripple‘s influence on the price of XRP, Matt Hamilton, former Director of Developer Relations at Ripple, provided illuminating insights. Hamilton’s comments centered on Ripple’s XRP holdings and their connection to price fluctuations, revealing a more nuanced perspective. Highlighting the scale of Ripple’s XRP holdings, Hamilton clarified that … Read more In a recent Twitter exchange shedding light on Ripple‘s influence on the price of XRP, Matt Hamilton, former Director of Developer Relations at Ripple, provided illuminating insights. Hamilton’s comments centered on Ripple’s XRP holdings and their connection to price fluctuations, revealing a more nuanced perspective. Highlighting the scale of Ripple’s XRP holdings, Hamilton clarified that the company…

TL;DR Breakdown Treasury Secretary Janet Yellen exhibits eagerness to collaborate with China, seeking to cultivate beneficial conditions for U.S. corporations in China. Yellen is focusing on debt restructurings, promoting active involvement of bilateral official creditors in pending cases. She advocates for comprehensive reforms in multilateral development banks to meet global challenges like climate change and pandemics. Description Treasury Secretary Janet Yellen’s recent expressions of willingness to foster stronger ties with China heralds a surprising turn of events, reflecting an ambitious perspective on future bilateral relationships. Her refreshing stance has resulted in several key strategies aiming for collaboration with the global powerhouse. Building bridges: The genesis of mutual progress Yellen demonstrated an enthusiastic … Read more Treasury Secretary Janet Yellen’s recent expressions of willingness to foster stronger ties with China heralds a surprising turn of events, reflecting an ambitious perspective on future bilateral relationships. Her refreshing stance has resulted in several key strategies aiming for collaboration with the global powerhouse. Building bridges: The genesis of mutual progress Yellen demonstrated an enthusiastic desire to engage with China during her recent trip to…

TL;DR Breakdown Chinese hackers reportedly exploited a flaw in Microsoft’s code to steal emails from U.S. government agencies and other clients. The hackers used a Microsoft digital key, but how they obtained it remains unclear. The breach started in May and has affected around 25 organizations, including the State and Commerce Departments. Description In a surprising breach of digital security, Microsoft, the Redmond, Washington-based tech giant, recently disclosed that cyber intruders of Chinese origin exploited a flaw in the company’s software code, culminating in the theft of emails from U.S. government agencies and several other clients. The severe incident has sent shockwaves through the cybersecurity industry and incited … Read more In a surprising breach of digital security, Microsoft, the Redmond, Washington-based tech giant, recently disclosed that cyber intruders of Chinese origin exploited a flaw in the company’s software code, culminating in the theft of emails from U.S. government agencies and several other clients. The severe incident has sent shockwaves through the cybersecurity industry and incited further tension in the already fraught China-U.S. relations. A cyber espionage saga The alleged…

TL;DR Breakdown Huobi burns a record-breaking 298,940,224 HT tokens, boosting user confidence. Quarterly token burning contributes to a deflation rate of 0.9066% in HT circulation. Huobi transitions from monthly to quarterly burning cycles to enhance transparency. Description Hong Kong-based cryptocurrency exchange Huobi recently expressed gratitude to loyal users for their unwavering support and confidence in Huobi Token (HT). In a newly released report, Huobi highlighted significant developments, including a groundbreaking token burn in the second quarter of 2023. A remarkable 298,940,224 HT has been burnt by Huobi as of July 15th, 2023, … Read more Hong Kong-based cryptocurrency exchange Huobi recently expressed gratitude to loyal users for their unwavering support and confidence in Huobi Token (HT). In a newly released report, Huobi highlighted significant developments, including a groundbreaking token burn in the second quarter of 2023. A remarkable 298,940,224 HT has been burnt by Huobi as of July 15th, 2023, with 1,950,555 HT burned in Q2 2023 alone. This relentless token combustion strategy has contributed to a noteworthy quarterly deflation rate of 0.9066% in circulation. Presently, are 201,050,000 HT available,…

TL;DR Breakdown China is attempting to boost global investor confidence through a novel symposium despite a weakening economy and rising geopolitical tensions. The meeting aims to address the concerns of U.S. dollar-denominated investment firms operating in China and discuss potential solutions. Strict COVID measures resulted in a sluggish 3% economic growth in China in 2022, causing global investors to reconsider their investment strategies. Description Amid the tempestuous waves of its faltering economy, China is extending an olive branch to global investors. Beijing officials are striving to fortify confidence in their nation’s economy by hosting a novel symposium, set to bring together world-renowned investors. This pivotal move aims to buoy foreign investment, despite the nation’s economic frailty and escalating geopolitical … Read more Amid the tempestuous waves of its faltering economy, China is extending an olive branch to global investors. Beijing officials are striving to fortify confidence in their nation’s economy by hosting a novel symposium, set to bring together world-renowned investors. This pivotal move aims to buoy foreign investment, despite the nation’s economic frailty and escalating geopolitical tensions. China’s call…

TL;DR Breakdown President Putin and South African President Ramaphosa had a secretive discussion about various issues including the Black Sea grain deal and the upcoming BRICS summit. Putin’s attendance at the BRICS summit is uncertain due to an existing ICC warrant against him for war crimes. The African peace initiative for Ukraine was discussed, but it hasn’t gained traction yet. The Black Sea grain deal, which enables Ukraine to export grain despite its war with Russia, is about to expire. Description In a world where political chess games are played out in full view of the international community, Russian President Vladimir Putin engages in compelling dialogues that never fail to spark intrigue. In a recent clandestine communication, Putin found himself in conversation with South African President Cyril Ramaphosa, discussing a range of contentious issues, from the … Read more In a world where political chess games are played out in full view of the international community, Russian President Vladimir Putin engages in compelling dialogues that never fail to spark intrigue. In a recent clandestine communication, Putin found himself in conversation…