TL;DR Breakdown BRICS nations are considering a potential common currency but no immediate plans are confirmed. The bloc aims to reduce their reliance on the U.S. dollar and increase bilateral trade in local currencies. BRICS is expanding its global influence, with numerous countries expressing interest in joining the group. Description The geopolitical landscape of global finance may soon experience a seismic shift as BRICS, a prominent economic coalition comprising Brazil, Russia, India, China, and South Africa, contemplates a potential common currency. The murmurings in the corridors of economic diplomacy revolve around a seemingly audacious idea, yet the group’s final decision on the matter remains undecided. … Read more The geopolitical landscape of global finance may soon experience a seismic shift as BRICS, a prominent economic coalition comprising Brazil, Russia, India, China, and South Africa, contemplates a potential common currency. The murmurings in the corridors of economic diplomacy revolve around a seemingly audacious idea, yet the group’s final decision on the matter remains undecided. Ebbing the dollar dominance: An uphill battle Current developments suggest that the BRICS nations are moving toward…

TL;DR Breakdown Aptos Foundation Twitter account was hacked with fraudulent activities carried out on the account. The foundation warns the community and addresses the incident. Description The Twitter account of the Aptos Foundation recently fell victim to a hacking incident, resulting in fraudulent activity and attempts to deceive users. The hackers behind the breach directed unsuspecting individuals to a counterfeit website promising participation in a fake airdrop. Aptos Foundation Suffers Twitter hack The fraudulent post referred to an airdrop supposedly taking … Read more The Twitter account of the Aptos Foundation recently fell victim to a hacking incident, resulting in fraudulent activity and attempts to deceive users. The hackers behind the breach directed unsuspecting individuals to a counterfeit website promising participation in a fake airdrop. Aptos Foundation Suffers Twitter hack The fraudulent post referred to an airdrop supposedly taking place on the Ethereum blockchain. Additionally, it appears that the Twitter account of Mo Shaikh, CEO of Aptos, may have also been compromised as part of the scam attempt. Swiftly responding to the situation, Aptos Labs, a subsidiary of the Aptos…

TL;DR Breakdown Ark Invest has mentioned that institutional investors are showing heightened signs of bullishness. Unmoved Bitcoins make new records amid trader confidence. Description Institutional investors and long-term Bitcoin holders are displaying signs of heightened bullishness, as indicated by several key indicators reaching new highs, according to a report by ARK Invest. The latest issue of The Bitcoin Monthly, described as an “earnings report” that provides insights into on-chain activity, reveals that the balance of Bitcoin held on over-the-counter … Read more Institutional investors and long-term Bitcoin holders are displaying signs of heightened bullishness, as indicated by several key indicators reaching new highs, according to a report by ARK Invest. The latest issue of The Bitcoin Monthly, described as an “earnings report” that provides insights into on-chain activity, reveals that the balance of Bitcoin held on over-the-counter (OTC) desks has reached an all-time high. The total amount of Bitcoin sitting on these desks has seen a remarkable 60% increase this quarter, with nearly 8,000 Bitcoin currently held. Ark Invest says OTC Bitcoin has reached a record high ARK Invest, led…

TL;DR Breakdown The FBI conducted a raid in the home of Kraken co-founder Jesse Powell over allegations of hacking and cyberstalking. Kraken continues to face regulatory scrutiny from the SEC. Description The United States Federal Bureau of Investigations (FBI) searched the home belonging to Jesse Powell, co-founder of cryptocurrency exchange Kraken, in March. The search was part of an investigation into allegations that Powell had hacked and cyber-stalked a nonprofit arts group. The FBI raided Powell’s home in March According to sources familiar with the matter, … Read more The United States Federal Bureau of Investigations (FBI) searched the home belonging to Jesse Powell, co-founder of cryptocurrency exchange Kraken, in March. The search was part of an investigation into allegations that Powell had hacked and cyber-stalked a nonprofit arts group. The FBI raided Powell’s home in March According to sources familiar with the matter, Powell is accused by the FBI of interfering with computer accounts associated with Verge Center for the Arts, a nonprofit organization that he founded. The allegations state that Powell blocked access to emails and other messages…

TL;DR Breakdown According to reports approximately $63 million worth of USDC, part of the assets involved in the alarming outflow, has been frozen as a result of Circle’s response. Circle has blacklisted three wallet addresses associated with a significant outflow of funds from the cross-chain bridge platform. The incident has caused widespread concern, prompting Multichain to urgently advise its users to refrain from using its services until further notice. Description Circle, the issuer of the popular stablecoin USDC, has taken swift action in response to a recent security breach on the Multichain protocol. Following the breach, which resulted in the mysterious transfer of $126 million worth of cryptocurrency assets from Multichain’s bridge deployments on Fantom and Dogechain to third-party wallets, Circle has blacklisted three wallet … Read more Circle, the issuer of the popular stablecoin USDC, has taken swift action in response to a recent security breach on the Multichain protocol. Following the breach, which resulted in the mysterious transfer of $126 million worth of cryptocurrency assets from Multichain’s bridge deployments on Fantom and Dogechain to third-party wallets, Circle has…

TL;DR Breakdown The city of New York has implemented a new law that will address areas of bias and promote fairness in using AI tools. The legislation will enable fairness and address complaints. Description New York City recently implemented a new legislation focused on artificial intelligence-driven employment tools, which aims to address bias and promote fairness in employment decisions. The legislation, known as Local Law 144, prohibits employers and agencies from utilizing automated employment decision tools (AEDT) unless these tools have undergone a biased audit within the past year. … Read more New York City recently implemented a new legislation focused on artificial intelligence-driven employment tools, which aims to address bias and promote fairness in employment decisions. The legislation, known as Local Law 144, prohibits employers and agencies from utilizing automated employment decision tools (AEDT) unless these tools have undergone a biased audit within the past year. New York passed legislation to eliminate AI bias Under the regulation, the audit results must be publicly available, and employees, as well as job candidates, must be provided with appropriate notices. The law…

TL;DR Breakdown Alibaba unveils Tongyi Wanxiang, an AI tool that turns text into images, solidifying its position in the global AI race. This tool could revolutionize industries like e-commerce, gaming, design, and advertising by making high-quality AI imagery more accessible. As AI applications grow, firms like Alibaba must navigate increasingly complex regulatory landscapes. Description Alibaba’s latest advancement in artificial intelligence demonstrates the firm’s foray into a new realm of technological potential. Alibaba racing to the front of generative AI The Chinese tech titan recently revealed a pioneering tool known as Tongyi Wanxiang, a generative AI product that converts written prompts into images, manifesting visions in styles from sketches to … Read more Alibaba’s latest advancement in artificial intelligence demonstrates the firm’s foray into a new realm of technological potential. Alibaba racing to the front of generative AI The Chinese tech titan recently revealed a pioneering tool known as Tongyi Wanxiang, a generative AI product that converts written prompts into images, manifesting visions in styles from sketches to 3D cartoons. Designed to comprehend both English and Chinese prompts, this unveiling solidifies…

TL;DR Breakdown The trading volume of Bitcoin Ordinals reached $210.7 million in the second quarter of 2023, up 2834 percent from the first quarter of that year. Exploitation losses in the Dapp sector decreased by 45% from $373 million in Q1 2023 to $206 million in Q2 2023, a difference of $157 million. Despite a 38% drop in NFT trading volume this quarter, a small 9.2% drop in sales demonstrates sustained market interest and activity. Description According to DappRadar’s most recent quarterly report, the creation of Bitcoin Ordinals inscriptions on the Bitcoin blockchain generated more than $210 million in trade volume, but the NFT market continued to decline. The data shows how fast expanding demand for Bitcoin Ordinals has resulted in a substantial increase in transaction volume through the second quarter … Read more According to DappRadar’s most recent quarterly report, the creation of Bitcoin Ordinals inscriptions on the Bitcoin blockchain generated more than $210 million in trade volume, but the NFT market continued to decline. The data shows how fast expanding demand for Bitcoin Ordinals has resulted in a…

TL;DR Breakdown Arthur Hayes, the CEO of BitMEX, made a bold claim emphasizing that AI would favor BTC as the currency of choice for its economic activities. Hayes also argued that AI would rely on a currency that can preserve its purchasing power over extended periods, considering “data” and “compute power” as AI’s critical inputs.  BitMEX CEO stated that Bitcoin’s influence on AI stems from its purely digital nature, censorship resistance, provable scarcity, and its intrinsic value being dependent on electricity costs. Description In a recently published article, Arthur Hayes, the CEO of BitMEX, made a bold claim that Bitcoin would be the preferred currency for Artificial Intelligence (AI). Hayes emphasized that AI would favor BTC as the currency of choice for its economic activities. Titled “Massa,” which means “slaver,” Hayes’s article foretold a future where AI would … Read more In a recently published article, Arthur Hayes, the CEO of BitMEX, made a bold claim that Bitcoin would be the preferred currency for Artificial Intelligence (AI). Hayes emphasized that AI would favor BTC as the currency of choice for…

TL;DR Breakdown Robert F. Kennedy Jr., a US presidential candidate, holds a significant investment in Bitcoin, despite past denial of being an investor. The disclosure has raised ethical concerns about potential conflict of interest, as Kennedy actively promotes Bitcoin during his campaign. Description Presidential candidate Robert F. Kennedy Jr. – a name resonating with power, prestige, and now, potentially, Bitcoin. It recently came to light that Kennedy has substantial holdings in Bitcoin, the globe’s most prominent digital currency. This development marks a notable chapter in the increasingly entwined narrative of politics and cryptocurrency. Despite previous denials of his … Read more Presidential candidate Robert F. Kennedy Jr. – a name resonating with power, prestige, and now, potentially, Bitcoin. It recently came to light that Kennedy has substantial holdings in Bitcoin, the globe’s most prominent digital currency. This development marks a notable chapter in the increasingly entwined narrative of politics and cryptocurrency. Despite previous denials of his investor status, Kennedy’s financial records reveal a far more intricate story. The Bitcoin investment: A silent boon or unspoken conflict? With his name etched…