TL;DR Breakdown The U.S. House Financial Services Committee is advancing two bills to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congressional approval. The topic has become a divisive issue, even entering presidential campaigns, with candidates like Robert F. Kennedy Jr. and Ron DeSantis opposing a CBDC due to financial privacy concerns. Despite the legislative push against CBDCs, Rep. Stephen Lynch (D-Mass.) reintroduced a bill advocating for a digital dollar pilot program, highlighting the ongoing debate and division among lawmakers. Description The United States House Financial Services Committee, chaired by Patrick McHenry, is progressing with two bills aimed at preventing the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congressional approval.   The first bill, known as the Digital Dollar Pilot Prevention Act or H.R. 3712, was introduced by Representative Alex Mooney (R-W.V) in … Read more The United States House Financial Services Committee, chaired by Patrick McHenry, is progressing with two bills aimed at preventing the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congressional approval.   #NEW: Chairman @PatrickMcHenry…

TL;DR Breakdown Formula One shifts financial focus from crypto entities to Web3 which appears like the marriage the industry needs after the FTX shock. The Formula One fan base is made up of Young and tech-savvy individuals, which is similar to most crypto enthusiasts. The partnership between both industries sounds promising. The Web3 events will take place in different venues across the world, which attract thousands of people to the respective cities each year. Description The collapse of FTX came as a shock to many, particularly Formula One fans who had gotten used to the Crypto.com logos on the Grand Prix as well as the FTX sign on the race cars, particularly Lewis’ silver arrow. If you were an avid follower of the sport, already going through the ‘Hamilton heartbreak’ … Read more The collapse of FTX came as a shock to many, particularly Formula One fans who had gotten used to the Crypto.com logos on the Grand Prix as well as the FTX sign on the race cars, particularly Lewis’ silver arrow. If you were an avid follower of…

TL;DR Breakdown US House Republicans are using the threat of a government shutdown to push for specific provisions in the spending measure. The potential shutdown could surpass the most expensive one in history, costing around $3 billion in 2019, as estimated by the Congressional Budget Office. Former President Donald Trump supports Republicans holding firm on the threat of a government shutdown if both parties fail to reach an “appropriate deal.” House Speaker Kevin McCarthy is determined to avoid a government shutdown, as he believes it would weaken his party’s position in negotiations for spending cuts. Description US House Republicans are gearing up to use the looming threat of a government shutdown as an opportunity to confront Democrats over border enforcement. This tactic aims to put aside internal disagreements among GOP lawmakers regarding the extent and location of federal spending cuts while simultaneously setting the stage for a potential showdown with Democrats. … Read more US House Republicans are gearing up to use the looming threat of a government shutdown as an opportunity to confront Democrats over border enforcement. This tactic…

TL;DR Breakdown Laliga North America has announced a partnership with GameOn to develop NFT-based fantasy games. Web3 revolution in sports engagement. Description Gaming startup GameOn has inked a new partnership with LaLiga North America to develop groundbreaking NFT-based fantasy games tailored for the passionate fanbase of the Spanish soccer league residing in the United States and Canada. Through this collaboration, fans will gain the ability to purchase packs of LaLiga players as NFTs, ushering in a new … Read more Gaming startup GameOn has inked a new partnership with LaLiga North America to develop groundbreaking NFT-based fantasy games tailored for the passionate fanbase of the Spanish soccer league residing in the United States and Canada. Through this collaboration, fans will gain the ability to purchase packs of LaLiga players as NFTs, ushering in a new era of fan engagement. These NFTs enable users to construct fantasy lineups, with performance-based points awarded based on each player’s real-life on-field performance. GameOn plans to introduce a Laliga app in 2024 Users can enhance their in-game player avatars by equipping them with digital gear…

TL;DR Breakdown Animoca Brands has announced plans to launch its metaverse token based on the Bitcoin blockchain. Bitcoin’s expanding roles in the digital realm. Description In a significant development within the crypto gaming and metaverse investment space, Animoca Brands, a prominent player in this arena, has revealed plans through its subsidiary, Darewise Entertainment (also known as Life Beyond Studios), to launch an innovative metaverse ecosystem token on the Bitcoin network using the Ordinals protocol. Darewise Entertainment, a subsidiary of Animoca … Read more In a significant development within the crypto gaming and metaverse investment space, Animoca Brands, a prominent player in this arena, has revealed plans through its subsidiary, Darewise Entertainment (also known as Life Beyond Studios), to launch an innovative metaverse ecosystem token on the Bitcoin network using the Ordinals protocol. Darewise Entertainment, a subsidiary of Animoca Brands, aims to construct a comprehensive metaverse ecosystem centered around Bitcoin Ordinals. Animoca Brands wants to create a BRC-20 token Bitcoin Ordinals is a protocol that enables users to record NFT-like assets onto the Bitcoin blockchain and create BRC-20 tokens on the…

TL;DR Breakdown PUBG creator Krafton has unveiled a new NFT driven game Overdare. Navigating the create-to-earn economy through gaming projects. Description South Korean game studio Krafton, renowned for its popular battle royale shooter PUBG, recently announced its ambitious foray into the world of NFT-driven metaverse games. The project, previously referred to as “Project Migaloo,” now has an official name: Overdare. Krafton aims to soft-launch Overdare in December, with a full release expected sometime between January and … Read more South Korean game studio Krafton, renowned for its popular battle royale shooter PUBG, recently announced its ambitious foray into the world of NFT-driven metaverse games. The project, previously referred to as “Project Migaloo,” now has an official name: Overdare. Krafton aims to soft-launch Overdare in December, with a full release expected sometime between January and July 2024. Notably, the company has developed its blockchain, known as Settlus, specifically for this game. Overdare seems poised to be a mobile game platform reminiscent of Roblox, powered by Epic Games’ Unreal Engine 5. Krafton unpacks the components of the NFT game This platform will…

TL;DR Breakdown Sam Bankman-Fried, founder of FTX cryptocurrency exchange, is accused of using stolen funds for political donations. His once $26 billion net worth was built largely through the cryptocurrency boom. The collapse of FTX in 2022 greatly impacted his wealth and reputation. Federal prosecutors claim SBF tried to bypass contribution limits for political influence. Description Sam Bankman-Fried, the former billionaire and founder of the FTX cryptocurrency exchange, stands accused of misappropriating vast sums of money to influence some of the highest political offices in the United States. Federal prosecutors have laid out a disturbing picture of corruption and intrigue that stretches from the world of cryptocurrencies to the very heart … Read more Sam Bankman-Fried, the former billionaire and founder of the FTX cryptocurrency exchange, stands accused of misappropriating vast sums of money to influence some of the highest political offices in the United States. Federal prosecutors have laid out a disturbing picture of corruption and intrigue that stretches from the world of cryptocurrencies to the very heart of U.S. politics. Rising from Crypto-Boom to Political Influence The tale…

TL;DR Breakdown G7 countries are planning to ban imports of Russian diamonds from January. The decision aims to target a major sector of the Russian economy untouched by existing sanctions. Russia is the world’s top producer of rough diamonds, with significant exports passing through Antwerp and getting polished in India. Description Dive into the shimmering world of diamonds, and one is plunged into a vast pool of geopolitics, technology, and economies. The recent shift in the diamond industry is no exception, with the G7 countries marking their territory and setting a firm stance against Russia. Why? Because when it comes to the G7’s economic play, every … Read more Dive into the shimmering world of diamonds, and one is plunged into a vast pool of geopolitics, technology, and economies. The recent shift in the diamond industry is no exception, with the G7 countries marking their territory and setting a firm stance against Russia. Why? Because when it comes to the G7’s economic play, every gem has a story, and Russia’s stones have become increasingly controversial. Diamonds in the Rough: Russia’s…

Description In a bold move that could shift the entire dynamic of the world’s most-used messaging app, Meta appears to be crafting a strategy to introduce ads on WhatsApp. Notwithstanding the denial of such plans by WhatsApp’s top brass, there’s a buzz in the tech world about this potential pivot, and it raises the question: is … Read more In a bold move that could shift the entire dynamic of the world’s most-used messaging app, Meta appears to be crafting a strategy to introduce ads on WhatsApp. Notwithstanding the denial of such plans by WhatsApp’s top brass, there’s a buzz in the tech world about this potential pivot, and it raises the question: is this a monetary masterstroke or a massive miscalculation? From Ad-Free Purity to Profit-Driven Ambition Backtrack to 2014, WhatsApp’s purchase by Facebook for a staggering $19bn was headlined. Co-founder Brian Acton fervently embraced the mantra, “No ads! No games! No gimmicks!” A crystal-clear commitment to user experience was made, distancing the platform from the relentless ad-driven model of many social media platforms. But now, with the winds…

Description In a move that might be perceived as capitulation, Apple is releasing a software upgrade for the iPhone 12. This comes in response to a cluster of European countries, led by France, poised to make legislative moves over alleged heightened radiation emissions. While Apple may dominate tech spaces with its sleek devices, it appears they’re … Read more In a move that might be perceived as capitulation, Apple is releasing a software upgrade for the iPhone 12. This comes in response to a cluster of European countries, led by France, poised to make legislative moves over alleged heightened radiation emissions. While Apple may dominate tech spaces with its sleek devices, it appears they’re not immune to governmental pressures. A Tussle of Tech and Regulation The iPhone 12, which made its debut in 2020, is now at the epicenter of a controversy that’s rattled regulators across European Union nations. Nations like Belgium, Germany, and Italy have been closely observing the drama unfold after the country’s national frequency agency, ANFR, dropped the gauntlet, demanding Apple halt sales of the contentious device…