TL;DR Breakdown Telegram’s Wallet bot introduces a new service, Wallet Pay, enabling users to trade and pay with cryptocurrencies. Wallet Pay uses The Open Network (TON) blockchain and allows transactions between users and retailers directly within Telegram’s interface. The service is available in many jurisdictions, barring a few including the US and countries blacklisted by the Financial Action Task Force. Description Amidst the thriving landscape of digital payments, the addition of a novel cryptocurrency solution by Telegram’s Wallet bot is marking a new revolution. In this rapidly transforming crypto arena, Telegram’s Wallet is weaving its magic by offering a smooth way to transact cryptocurrencies, giving a substantial boost to the global crypto economy. Breaking the boundaries … Read more Amidst the thriving landscape of digital payments, the addition of a novel cryptocurrency solution by Telegram’s Wallet bot is marking a new revolution. In this rapidly transforming crypto arena, Telegram’s Wallet is weaving its magic by offering a smooth way to transact cryptocurrencies, giving a substantial boost to the global crypto economy. Breaking the boundaries in cryptocurrency payments Known for its…

TL;DR Breakdown Hollywood is facing its first joint actor and screenwriter strike in over 60 years due to unsuccessful contract negotiations. SAG-AFTRA, the union representing over 160,000 actors and TV professionals, supports the strike. The strike could halt promotional work for new films and hinder Hollywood’s recovery post-pandemic. Description Hollywood, the veritable symbol of the American film and television industry, currently stands on shaky ground. The wheels of production grind to a halt as actors unite with screenwriters, signaling the first dual labor strike in over six decades. This widespread industrial action comes hot on the heels of an impasse in negotiations with major … Read more Hollywood, the veritable symbol of the American film and television industry, currently stands on shaky ground. The wheels of production grind to a halt as actors unite with screenwriters, signaling the first dual labor strike in over six decades. This widespread industrial action comes hot on the heels of an impasse in negotiations with major film studios, threatening to plunge Hollywood into uncharted territory. A strike in Hollywood: A last resort The Screen…

TL;DR Breakdown XRP’s price increased by about 90% after a U.S. judge ruled that Ripples’ sales of XRP tokens were not investment contracts However, the court upheld the SEC’s claim that Ripple’s Institutional Sales violated the Securities Act by involving the unregistered sale of investment contracts. Gemini crypto exchange says it’s examining whether to list Ripple’s native token. Description Today is a good day for the investors that stood in support of Ripple (XRP). Today’s increase in XRP price can be attributed to the news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the SEC’s contention that XRP is a security.  The Securities and Exchange Commission claimed … Read more Today is a good day for the investors that stood in support of Ripple (XRP). Today’s increase in XRP price can be attributed to the news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the SEC’s contention that XRP is a security.  The Securities and Exchange Commission claimed that XRP is a security. Following the announcement,…

TL;DR Breakdown Coinbase CEO Brian Armstrong addresses concerns of Bank of America customers regarding frozen accounts. Speculations arise over whether account freezes are connected to Bitcoin-related transactions. Armstrong’s Twitter poll reveals a significant number of respondents reporting frozen accounts. Description In a recent turn of events, Coinbase CEO Brian Armstrong took to Twitter on Wednesday night to address concerns raised by some of the platform’s Bank of America (BofA) customers. Speculations were rife that the banking giant had been freezing accounts without valid reasons, leading to suspicions that these actions were connected to Bitcoin-related transactions. … Read more In a recent turn of events, Coinbase CEO Brian Armstrong took to Twitter on Wednesday night to address concerns raised by some of the platform’s Bank of America (BofA) customers. Speculations were rife that the banking giant had been freezing accounts without valid reasons, leading to suspicions that these actions were connected to Bitcoin-related transactions. Armstrong, seeking to gather more information, reached out to his 1.2 million Twitter followers, explicitly asking if any Coinbase customers at Bank of America had encountered frozen…

TL;DR Breakdown Chainalysis has reported a massive decline in crypto crimes despite a strong rise in the price of digital assets. Ransomware is still on the rise despite a drop in other crimes in the space. Description In a positive turn of events for the crypto space, crypto crime has seen a substantial decline this year, alongside the surge in digital asset prices. Blockchain data firm Chainalysis reported a remarkable 65% drop in crypto-related crime compared to 2022. The findings were based on the analysis of digital asset inflows to illicit entities, … Read more In a positive turn of events for the crypto space, crypto crime has seen a substantial decline this year, alongside the surge in digital asset prices. Blockchain data firm Chainalysis reported a remarkable 65% drop in crypto-related crime compared to 2022. The findings were based on the analysis of digital asset inflows to illicit entities, which the firm categorizes as addresses associated with darknet markets or ransomware attackers. Chainalysis reports a decrease of 65% in crypto crimes According to Chainalysis, inflows to “risky entities,” including…

TL;DR Breakdown Binance Labs has made a $15 million investment into blockchain gaming platform Xterio. Xterio says AI integration and multi-chain development are its focus. Description Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has announced a $15 million investment in blockchain game publisher Xterio. The startup, which positions itself as a “free-to-play-and-own” game developer and publisher, aims to offer players the opportunity to earn non-fungible tokens (NFTs) while enjoying its games. Xterio believes that incorporating blockchain … Read more Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has announced a $15 million investment in blockchain game publisher Xterio. The startup, which positions itself as a “free-to-play-and-own” game developer and publisher, aims to offer players the opportunity to earn non-fungible tokens (NFTs) while enjoying its games. Xterio believes that incorporating blockchain technology enhances the gaming experience, with player ownership being a crucial element in every Xterio game. Binance Labs shows support with investment in Xterio Currently, Xterio is supporting the development of 11 games across various platforms. These range from mobile Japanese…

TL;DR Breakdown Argentina launches its first regulated bitcoin futures contract, providing qualified investors with exposure to cryptocurrency in a regulated manner. The contract is based on a bitcoin index powered by Matba Rofex, the Argentinian stock exchange, and was authorized by the National Securities Commission (CNV). The move aims to promote the development of innovative products within the regulated entities of the capital market and marks the CNV’s first approval of a crypto product. Description Argentina has officially introduced its first bitcoin futures contract based on a bitcoin index, providing qualified investors with regulated exposure to the cryptocurrency. It is important to know that the contract, published by Matba Rofex, the Argentinian stock exchange, received authorization from the country’s National Securities Commission (CNV) back in April. This marks the CNV’s … Read more Argentina has officially introduced its first bitcoin futures contract based on a bitcoin index, providing qualified investors with regulated exposure to the cryptocurrency. It is important to know that the contract, published by Matba Rofex, the Argentinian stock exchange, received authorization from the country’s National Securities Commission…

TL;DR Breakdown The U.S. District Court ruled in favor of Ripple Labs against a SEC lawsuit, declaring the company’s XRP token is not a security. This ends the SEC’s pursuit to classify XRP as a security which required additional regulation. The ruling resulted in a significant surge in XRP’s price, rising by 16% immediately after the news broke. Description In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking … Read more In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking a significant turning point in a case that…

TL;DR Breakdown Stader Labs has introduced a high-yield Ethereum staking product, offering the highest yield on ether (ETH) staking among all protocols. This product allows node operators to stake just 4 ETH, an 85% lower capital commitment than traditional Ethereum staking. Stader Labs provides users a 50% reward boost resulting in a reward rate of over 6%. With 8x leverage, users can earn up to 35% more yield. Description Boldly etching its name in the dynamic sphere of blockchain technology, Stader Labs has launched a high-yield Ethereum staking product. Widening the horizons of staking potential, this innovative offering proposes a lucrative appeal, dwarfing other protocols by boasting the highest yield on Ethereum (ETH) staking. It signifies an evolution in how the digital economy can … Read more Boldly etching its name in the dynamic sphere of blockchain technology, Stader Labs has launched a high-yield Ethereum staking product. Widening the horizons of staking potential, this innovative offering proposes a lucrative appeal, dwarfing other protocols by boasting the highest yield on Ethereum (ETH) staking. It signifies an evolution in how the digital…

TL;DR Breakdown Twitter faces a lawsuit accusing it of failing to pay $500 million in severance to laid-off employees post-Elon Musk’s acquisition. Courtney McMillian, ex-Twitter employee, leads the class-action suit, citing an unfulfilled 2019 severance plan. Twitter reportedly offered laid-off employees only one month of severance pay or none at all, contrary to the mentioned plan. Description Social media giant, Twitter, finds itself in hot water after accusations emerged of a severance default to the tune of $500 million. The allegations come from a considerable group of its workforce, who saw their positions terminated following Elon Musk’s acquisition of the company. The alleged broken promise Courtney McMillian, the former overseer of Twitter’s … Read more Social media giant, Twitter, finds itself in hot water after accusations emerged of a severance default to the tune of $500 million. The allegations come from a considerable group of its workforce, who saw their positions terminated following Elon Musk’s acquisition of the company. The alleged broken promise Courtney McMillian, the former overseer of Twitter’s employee benefits programs, also known as the “head of total…