TL;DR Breakdown Switzerland has postponed itself as a hub for cryptocurrencies following the launch of its Plan ₿ project. The project seeks to educate the public and onboard merchants. Description Switzerland, renowned for its banking secrecy laws and attracting the wealthy, has also become a favorable environment for Bitcoin and cryptocurrency enthusiasts. Lugano, in particular, has emerged as a hotspot for Bitcoin adoption, with the city embracing cryptocurrencies for everyday transactions. This growing acceptance was highlighted by Giw Zanganeh, head of Lugano’s Plan ₿ initiative, … Read more Switzerland, renowned for its banking secrecy laws and attracting the wealthy, has also become a favorable environment for Bitcoin and cryptocurrency enthusiasts. Lugano, in particular, has emerged as a hotspot for Bitcoin adoption, with the city embracing cryptocurrencies for everyday transactions. This growing acceptance was highlighted by Giw Zanganeh, head of Lugano’s Plan ₿ initiative, during a discussion with journalist Joe Hall at the Plan ₿ Bitcoin Summer School. Plan ₿ head hails Switzerland’s approach toward crypto Zanganeh, who leads Tether’s Plan ₿, believes that Switzerland’s remarkable adoption of cryptocurrencies is not…

TL;DR Breakdown Unity CEO John Riccitiello has tipped AI to further enhance projects in the gaming industry. Riccitiello tips AI to enhance creativity and innovation in the industry. Description In the ever-evolving landscape of video game development, the emergence of generative artificial intelligence (AI) is poised to revolutionize the industry. According to Unity CEO, John Riccitiello, this technology has the potential to significantly accelerate the game design process, reducing the time required by five to 10 times. By leveraging generative AI, game developers can … Read more In the ever-evolving landscape of video game development, the emergence of generative artificial intelligence (AI) is poised to revolutionize the industry. According to Unity CEO, John Riccitiello, this technology has the potential to significantly accelerate the game design process, reducing the time required by five to 10 times. By leveraging generative AI, game developers can streamline various aspects, ranging from environmental details to character behaviors and dialogues, resulting in more immersive and visually stunning gaming worlds. Unity CEO drums support for the integration of AI into the gaming industry The advantages of generative…

TL;DR Breakdown Top meme coins, including DOGE, SHIB, and PEPE, have faced a downturn in recent days amid the rise of new competitors in the sector. PEPE coin has experienced significant losses, while new meme coin projects like PEPE 2.0 and Shib 2.0 have garnered attention and diverted trader focus. Bearish moves in BTC and ETH, coupled with market-wide selling pressure, have further impacted the sentiment surrounding meme coins. Description The largest meme coins in the cryptocurrency market, including Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE), have faced a downturn in recent days as new competitors emerge in the sector. The negative market sentiment, driven by bearish moves in Bitcoin (BTC) and Ethereum (ETH), has further compounded the challenges faced by these meme coins, … Read more The largest meme coins in the cryptocurrency market, including Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE), have faced a downturn in recent days as new competitors emerge in the sector. The negative market sentiment, driven by bearish moves in Bitcoin (BTC) and Ethereum (ETH), has further compounded the challenges faced by…

TL;DR Breakdown Standard Chartered predicts that Bitcoin will reach $50K by the end of 2023 and $120K by the end of 2024. Standard Chartered puts the banking crisis as one factor that will propel BTC to its historically all-time high come 2024.  A major bank’s prediction of a bright future for BTC prices has been dubbed the result of the “BlackRock effect.” Description According to a research report published on Monday by Standard Chartered Bank, Bitcoin (BTC), the largest crypto by market capitalization, could reach $50,000 by the end of the year and $120,000 by the end of 2024. The banking behemoth announced a BTC price recovery in the report published on July 10 and cited by media … Read more According to a research report published on Monday by Standard Chartered Bank, Bitcoin (BTC), the largest crypto by market capitalization, could reach $50,000 by the end of the year and $120,000 by the end of 2024. The banking behemoth announced a BTC price recovery in the report published on July 10 and cited by media outlets such as Reuters….

TL;DR Breakdown Bank for International Settlements (BIS) reports that there could be as many as 15 retail and 9 wholesale CBDCs in circulation by 2030. According to BIS, AEs and EMDEs differ in two ways: Compared to AEs, retail CBDC work in EMDEs is driven more by financial inclusion and monetary policy implementation.  In 2022, the number of central banks expected to issue a retail CBDC within the next three years rose from 15% to 18%. There still lies legal ambiguity over the issuance of digital currencies. Description According to a survey by the Bank for International Settlements (BIS), 93% of central banks are researching central bank digital currencies (CBDCs). As per the report, by 2030, there could be as many as 15 retail and 9 wholesale CBDCs in circulation. The survey of 86 central banks, published on July 10, took place from … Read more According to a survey by the Bank for International Settlements (BIS), 93% of central banks are researching central bank digital currencies (CBDCs). As per the report, by 2030, there could be as many as…

TL;DR Breakdown Sam Altman’s Worldcoin significantly impacts the European market, particularly in Spain. Worldcoin’s World ID system safeguards users’ anonymity, solidifying its market presence. Spain aims to be the EU’s AI capital, leveraging Worldcoin’s technology. Description Sam Altman’s Worldcoin has significantly impacted the European market, with its latest launch in Spain catapulting it to the forefront. Spain has become the largest operating market for Worldcoin in Europe, thanks to the introduction of World ID, a revolutionary Proof of Personhood mechanism designed to safeguard users’ anonymity. Partnering with renowned organizations such as … Read more Sam Altman’s Worldcoin has significantly impacted the European market, with its latest launch in Spain catapulting it to the forefront. Spain has become the largest operating market for Worldcoin in Europe, thanks to the introduction of World ID, a revolutionary Proof of Personhood mechanism designed to safeguard users’ anonymity. Partnering with renowned organizations such as IT Barcelona and Adigital, Tools For Humanity (TFH) has solidified Worldcoin’s presence in Spain. The strategic collaboration has further amplified the country’s interest in artificial intelligence (AI) since 2020, propelling it…

TL;DR Breakdown US-based institutions are actively accumulating Bitcoin following BlackRock’s ETF bid, according to on-chain analyst William Clemente. Heightened activity during US trading sessions, marginally higher Bitcoin prices on Coinbase, and surging CME futures open interest indicate increased US investor interest. Institutional adoption of Bitcoin continues to grow, with the potential approval of a Bitcoin ETF offering regulated exposure to the cryptocurrency market. Description In the wake of BlackRock’s application for a spot-based Bitcoin exchange-traded fund (ETF), US investors have been flocking to Bitcoin (BTC), according to on-chain analyst William Clemente. In an interview with BTC advocate Anthony Pompliano, Clemente presented three key pieces of evidence suggesting that US-based institutions have been actively accumulating the leading cryptocurrency. Heightened activity … Read more In the wake of BlackRock’s application for a spot-based Bitcoin exchange-traded fund (ETF), US investors have been flocking to Bitcoin (BTC), according to on-chain analyst William Clemente. In an interview with BTC advocate Anthony Pompliano, Clemente presented three key pieces of evidence suggesting that US-based institutions have been actively accumulating the leading cryptocurrency. Heightened activity points to US…

TL;DR Breakdown Bitcoin begins another week hanging slightly above $30,000, with US macroeconomic data set to grace the market. Last week, the crypto market witnessed a dull market as regulatory scrutiny continued to hit crypto exchanges like Binance.US. Market analysts predict that BTC will fall below $29,500 this week. Markets await Fed hike rates that could send Bitcoin and the crypto market on a downward trend. Description Bitcoin has proven to be an asset that can endure current economic storms. The leading crypto is just hanging on to $30,000 as a “bearish divergence” sets the tone. According to traders, BTC price movement faces a probable retracement period after a quiet weekend within its broader bullish trend. Following a period of relative calm, … Read more Bitcoin has proven to be an asset that can endure current economic storms. The leading crypto is just hanging on to $30,000 as a “bearish divergence” sets the tone. According to traders, BTC price movement faces a probable retracement period after a quiet weekend within its broader bullish trend. Following a period of relative calm,…

TL;DR Breakdown Terra co-founder Daniel Shin faces serious accusations alongside seven others. South Korea’s extradition request for Do Kwon intensifies the legal proceedings. Daniel Shin’s failure to appear delays the Seoul Southern District Court trial. Description Daniel Shin, the co-founder of Terra and former CEO of Chai Corp, has been summoned to face a range of severe accusations alongside seven others, including Terra co-founder Do Kwon. South Korea’s extradition request for Do Kwon from Montenegro has intensified the legal proceedings while prosecutors strive to ensure justice prevails. However, setbacks have hindered … Read more Daniel Shin, the co-founder of Terra and former CEO of Chai Corp, has been summoned to face a range of severe accusations alongside seven others, including Terra co-founder Do Kwon. South Korea’s extradition request for Do Kwon from Montenegro has intensified the legal proceedings while prosecutors strive to ensure justice prevails. However, setbacks have hindered progress, with the latest development revealing Daniel Shin’s failure to appear in person for the first hearing at Seoul Southern District Court. Daniel Shin’s legal team, consisting of thirty attorneys well-versed…

TL;DR Breakdown Coinbase (COIN) stock has increased by over 50% since the SEC sued the crypto exchange for trading unregistered securities. COIN stock has gained around 133% over the past six months and roughly 50% year-over-year. Several senior Coinbase executives, including CEO Brian Armstrong, have sold approximately $6.9 million worth of COIN shares. Coinbase has BlackRock trillions as an advatange over Binance.US. Description For a month now, Coinbase has been under SEC’s regulatory scrutiny. However, that does not seem to have a permanent damage effect on the crypto exchange. As a matter of fact, the recent surge in Coinbase’s (COIN) shares shows that the exchange has a better survival advantage over Binance.US. What a good week for Coinbase!! … Read more For a month now, Coinbase has been under SEC’s regulatory scrutiny. However, that does not seem to have a permanent damage effect on the crypto exchange. As a matter of fact, the recent surge in Coinbase’s (COIN) shares shows that the exchange has a better survival advantage over Binance.US. What a good week for Coinbase!! In spite of a…