TL;DR Breakdown ‘Shrapnel’, an upcoming blockchain-based first-person shooter game, won’t allow U.S. players to cash out in-game assets due to SEC regulations. While the U.S. gaming industry faces regulatory roadblocks, Asian gaming markets, especially Hong Kong, South Korea, and Japan, are seeing robust growth. Description In a digital age that celebrates the breaking down of barriers, one game, ‘Shrapnel’, faces a unique regulatory challenge. The blockchain game, which takes the form of a first-person extraction shooter, has seen its forthcoming release marred by a significant restriction on U.S.-based players. But what’s the real story behind this decision, and how will … Read more In a digital age that celebrates the breaking down of barriers, one game, ‘Shrapnel’, faces a unique regulatory challenge. The blockchain game, which takes the form of a first-person extraction shooter, has seen its forthcoming release marred by a significant restriction on U.S.-based players. But what’s the real story behind this decision, and how will it affect the wider gaming industry? Contents hide 1 The SEC and shrapnel’s cashing out dilemma 2 Shrapnel’s innovative economy and gameplay…

TL;DR Breakdown Inflation in August has affected crypto prices and ushered in a bloodbath for Bitcoin and Altcoins alike. The inflation levels in August have slightly decreased from a staggering nine percent in June but are still above the Fed’s 2% target. Crypto market analysts point out a bear market possibility, while others remain hopeful that Bitcoin halving in April 2024 will usher in the long-awaited bull run. Description August was an unfavorable month across the USA, with soaring inflation. However, crypto prices have stalled without forming any distinct trends. Bitcoin continues to flirt with the 30,000 mark, as Ethereum shows an upward trend. The inflation levels in August have slightly decreased from a staggering nine percent in June but are still above the … Read more August was an unfavorable month across the USA, with soaring inflation. However, crypto prices have stalled without forming any distinct trends. Bitcoin continues to flirt with the 30,000 mark, as Ethereum shows an upward trend. The inflation levels in August have slightly decreased from a staggering nine percent in June but are still…

TL;DR Breakdown Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3% for the rest of 2023 and through 2024. Year-on-year headline inflation in Malaysia eased to 2% in July 2023, down from 2.8% in May 2023. Malaysia is currently benefiting from the supply chain realignment resulting from tensions between the US and China. Description Aligning with the consensus among most economists, BMI, a Fitch Solutions company, anticipates that Bank Negara Malaysia (BNM) will maintain the overnight policy rate (OPR) at 3% for the remainder of this year and through 2024. The decrease influences this projection in year-on-year headline inflation, which eased to 2% in July 2023, down from 2.8% … Read more Aligning with the consensus among most economists, BMI, a Fitch Solutions company, anticipates that Bank Negara Malaysia (BNM) will maintain the overnight policy rate (OPR) at 3% for the remainder of this year and through 2024. The decrease influences this projection in year-on-year headline inflation, which eased to 2% in July 2023, down from 2.8% in May 2023, as noted by BMI….

TL;DR Breakdown David Solomon of Goldman Sachs is optimistic about the U.S. economy’s resilience. Over the past year, the U.S. has demonstrated its potential to avoid a recession, leaning towards a “soft landing.” However, inflation remains a concern, with the possibility of it staying elevated for longer than expected. Despite the positive outlook, there’s a need for vigilance, especially given global economic influences. Description David Solomon, the formidable presence at the helm of Goldman Sachs, recently discussed his assessment of the current state of the U.S. economy. Contrary to some growing concerns in the financial world, Solomon’s words painted a rather reassuring picture of the nation’s economic trajectory, albeit with a watchful eye on inflation. Unyielding Resilience Despite economic … Read more David Solomon, the formidable presence at the helm of Goldman Sachs, recently discussed his assessment of the current state of the U.S. economy. Contrary to some growing concerns in the financial world, Solomon’s words painted a rather reassuring picture of the nation’s economic trajectory, albeit with a watchful eye on inflation. Unyielding Resilience Despite economic tremors felt around…

TL;DR Breakdown Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, has shared his perspective on the recent SBF plea. After more than four years of legal battles, Karpelès attributed his successful defense to the “little calculator” and the diligent work of his legal team.  During his incarceration, Karpelès had limited access to technology and computing resources.  Description Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, has shared his perspective on the recent plea by former FTX CEO Sam Bankman-Fried for release from prison due to poor internet access. Karpelès, who faced his own legal battles in the past, expressed little sympathy for Bankman-Fried’s situation. In a September 13 … Read more Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, has shared his perspective on the recent plea by former FTX CEO Sam Bankman-Fried for release from prison due to poor internet access. Karpelès, who faced his own legal battles in the past, expressed little sympathy for Bankman-Fried’s situation. In a September 13 post on social media platform X…

TL;DR Breakdown European stocks experienced a decline as investors weighed the possibility of sustained high energy prices leading to prolonged inflation. Market movements coincided with investor anticipation of releasing US inflation data, which was disappointing. Analysts have expressed skepticism about whether the data will exert enough pressure on the US Federal Reserve to raise interest rates in their upcoming meeting. Description European stocks experienced a decline as investors weighed the possibility of sustained high energy prices leading to prolonged inflation, potentially prompting policymakers to raise interest rates this month. The region-wide Stoxx 600 in Europe fell by 0.4% at the opening, continuing the previous session’s losses. Similarly, France’s Cac 40 and Germany’s Dax saw a 0.4% … Read more European stocks experienced a decline as investors weighed the possibility of sustained high energy prices leading to prolonged inflation, potentially prompting policymakers to raise interest rates this month. The region-wide Stoxx 600 in Europe fell by 0.4% at the opening, continuing the previous session’s losses. Similarly, France’s Cac 40 and Germany’s Dax saw a 0.4% decrease. Futures contracts tracking the S&P…

TL;DR Breakdown Gods Unchained introduces “Sealed Mode,” a novel gameplay format inspired by traditional card games, offering players random card sets for competitive play. In a groundbreaking move, Immutable’s NFT-based system grants true ownership of digital cards, bridging the gap between physical and digital card gaming. Description In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. … Read more In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. The announcement, made on September 13th via a blog post, has sent ripples through the gaming community, drawing parallels with…

TL;DR Breakdown Web3 onboarding gets easier with Sui Network’s innovative zkLogin feature. Users can access decentralized applications (DApps) without the need for external crypto wallets or seed phrases. Users can leverage the privacy and ownership-preserving features of blockchain-based applications without compromising security.  Description In a significant leap towards simplifying the onboarding process for Web3 applications, the Sui Network has introduced a groundbreaking feature called zkLogin (Zero Knowledge login). This innovation enables users to access decentralized applications (DApps) without the need for external crypto wallets or seed phrases. Instead, users can log in using familiar credentials from platforms like … Read more In a significant leap towards simplifying the onboarding process for Web3 applications, the Sui Network has introduced a groundbreaking feature called zkLogin (Zero Knowledge login). This innovation enables users to access decentralized applications (DApps) without the need for external crypto wallets or seed phrases. Instead, users can log in using familiar credentials from platforms like Google, Facebook, and Twitch, making blockchain-based applications more accessible to mainstream users. Sui network on eliminating onboarding hassles On September 13, the Sui Network…

TL;DR Breakdown Singapore’s central bank, the Monetary Authority of Singapore (MAS), has imposed nine-year prohibition orders on Kyle Davies and Zhu Su, co-founders of 3AC. The prohibition orders prohibit Davies and Su from engaging in regulated activities in Singapore.  The enforcement action against Su and Davies comes amidst a broader global effort to regulate the cryptocurrency and digital asset space. Description Singapore’s central bank, the Monetary Authority of Singapore (MAS), has imposed nine-year prohibition orders on Kyle Davies and Zhu Su, co-founders of the crypto hedge fund Three Arrows Capital (3AC). The prohibition orders come in response to alleged violations of the country’s securities laws by the duo and their now-bankrupt fund. The prohibition orders, which … Read more Singapore’s central bank, the Monetary Authority of Singapore (MAS), has imposed nine-year prohibition orders on Kyle Davies and Zhu Su, co-founders of the crypto hedge fund Three Arrows Capital (3AC). The prohibition orders come in response to alleged violations of the country’s securities laws by the duo and their now-bankrupt fund. The prohibition orders, which took effect on September 13, prohibit…

TL;DR Breakdown The United States SEC catches up with Mila Kunis for selling unregistered NFTs in 2021. The Stoner Cats collection was created by Orchard Productions, the actress Mila Kunis production studio, and was also part of the cast voicing the cartoon characters on the NFT series. The company agreed to pay $ 1 million without admitting guilt and destroy any tokens still in its possession. The project involved celebrities like Chris Rock, Ashton Kutcher, Jane Fonda, and McFarlene. Description Mila Kunis, Stoner Cats creator, will pay a heavy fine after they were sued by the United States Securities and Exchange Commission for offering unregistered NFTs in 2021 after the launch of the crypto assets.  According to reports, the series was only accessible to the NFT holders and was built on a cast comprising Gary … Read more Mila Kunis, Stoner Cats creator, will pay a heavy fine after they were sued by the United States Securities and Exchange Commission for offering unregistered NFTs in 2021 after the launch of the crypto assets.  According to reports, the series was only…