TL;DR Breakdown Vitalik Buterin has introduced the real-time strategic game Slasha to the Ethereum IPFS. The founder of Ethereum said that he created the game in his pre-crypto years – back in 2011. The link provided by Vitalik Buterin takes readers to a brief description of the game. In the ever-evolving landscape of crypto and blockchain technology, there are few names that stand out as prominently as Vitalik Buterin. As the co-founder of Ethereum, Buterin has been instrumental in shaping the future of decentralized applications and smart contracts.  However, it is not just his contributions to the world of finance that have garnered attention; Buterin’s foray into the realm of games has been making waves in the crypto community, captivating audiences, and setting new standards for innovation. Vitalik Buterin introduces a game he built in 2011 Vitalik Buterin, co-founder of Ethereum, has introduced his followers to a “real-time strategic game” dubbed Slasha. Buterin on Tuesday referred to it as a “totally random fun thing” and encouraged his followers to try it. Source; Slasha Game Vitalik Buterin provided a brief description…

TL;DR Breakdown Japan plans to enforce strict anti-money laundering (AML) rules for cryptocurrency transactions from June 1. A legal framework for stablecoins has been established, with issuance only by recognized financial entities. Despite varying crypto regulations in Asia, the trend leans towards stricter rules as Japan aligns its laws with global standards. In an era of rapidly evolving digital currencies, Japan is tightening its regulatory grip to maintain pace. According to local news media Kyodo News, the nation is considering adopting new stringent anti-money laundering (AML) rules on cryptocurrency transactions to enhance traceability and deter financial crimes. However, this is part of a broader push for global regulatory standards across the Asian region, enhancing the integrity of a market that is fast becoming an integral part of the global financial ecosystem. The “travel rule” comes to Japan Slated for an introduction on June 1, Japan’s cabinet plans to enforce the “travel rule”, an international AML regulation outlined by the Financial Action Task Force (FATF). This regulatory standard necessitates that financial institutions share certain client information during transactions to improve tracking…

TL;DR Breakdown Croatian crypto investment firm Bitlucky allegedly lost $75M in client assets due to bad trades and decisions. Director Luka Burazer acknowledged the crisis and has since been unreachable; Croatian police have opened an investigation. Bitlucky had promised investors 5-25% monthly returns, sparking Ponzi scheme suspicions in the wake of the collapse. The Croatian investment firm Bitlucky has found itself in controversy following its sudden collapse and alleged loss of $75 million in client assets. Croatian authorities have investigated the matter, marking a dramatic twist in the country’s burgeoning crypto scene. A tumble in the blockchain universe Bitlucky, once portrayed as “your window into the blockchain world,” now presents a shattered image. The company’s fall has sent shockwaves through the crypto community, particularly in the Balkans, with its promise of a secure entry into the digital market. The firm’s director, Luka Burazer, reportedly emailed its approximately 700 clients, informing them of a chain of adverse trades and decisions that plunged the company into a crisis. “Unfortunately, with a series of bad trades and decisions, I brought the state of…

TL;DR Breakdown U.S. District Judge absolved Binance from an $8 million ‘pig butchering’ scam. The victim, Divya Gadasalli, alleged Binance provided services to the scammer. The judge dismissed the claims, citing jurisdiction issues and Binance’s operational ban in Texas. A high-profile crypto scam known as a ‘pig butchering’ scam, a term that originated in Asia, and alludes to the method of fattening a pig up before slaughter, has been making headlines recently, ensnaring even industry titan, Binance, in its fray. A U.S. District Judge, however, has now dismissed allegations against the crypto exchange platform, ruling that Binance was not involved in the $8 million scam. The news comes as the frequency of such scams increases, posing significant challenges to law enforcement agencies worldwide. The anatomy of a pig butchering crypto scam The pig butchering scam, a form of online fraud that targets victims through romantic and financial manipulation, has been on a steep rise. In these scams, fraudsters initiate contact through dating apps or text messages, building a romantic relationship with their victims before introducing them to a high-profit investment…

TL;DR Breakdown Liquity price analysis is bearish today Liquity prices are facing resistance at $1.35 LQTY/USD has found support at $1.24 Liquity price analysis reveals that the LQTY price is facing a significant amount of bearish pressure in today’s market. The bearish pressure is pushing the LQTY price lower, and the market sentiment seems to be negative. The LQTY/USD pair is currently hovering around the $1.25 mark, which is a drop of 3.87% in the last 24 hours. The Liquity token could potentially go as low as $1.24 if the bearish pressure continues to mount. The bulls need to act fast to push the LQTY price above the resistance level of $1.35 in order to restore the bullish sentiment in the market and prevent further downside price action. The bearish pressure is likely to continue in the near term as technical indicators suggest further downside momentum. Liquity price analysis 1-day chart: LQTY enters correction at $1.25 as the bearish wave takes over  The 1-day Liquity price analysis has shown a downward trend in the past few days, indicating a bearish…

TL;DR Breakdown DFintoch, a high-yield investment program (HYIP), is suspected of orchestrating an exit scam. DFintoch had falsely claimed to be owned by Morgan Stanley, a renowned financial institution, to attract investors. The Singapore Government and Morgan Stanley had previously issued advisories cautioning against investing in DFintoch, highlighting its fraudulent nature. In a stunning turn of events, the team behind the high-yield investment program (HYIP) known as DFintoch is suspected of orchestrating an exit scam, leaving investors dismayed and questioning the project’s legitimacy. The alleged scam involved a disappearance of approximately $31.6 million USDT on the Binance Smart Chain (BSC) after funds were transferred to multiple addresses on Tron and Ethereum, ultimately rendering investors unable to withdraw their money. News of the potential scam began circulating when prominent cryptocurrency commentator ZachXBT took to Twitter to raise the alarm. The tweet suggested that DFintoch, which touted a daily return on investment (ROI) of 1%, had abruptly ceased operations and vanished with substantial investors’ funds. It appears the team behind the ponzi @DFintoch has likely exit scammed with 31.6m USDT on BSC…

TL;DR Breakdown Argentina has rolled out a 2,000 Peso banknote amid a 109% inflation rate. A survey by the central bank predicts that by the end of 2023, inflation will reach nearly 130%. The new 2,000-peso banknote has a design commemorating the development of science and medicine in Argentina. Argentina’s economy is between a hard place and a rock. According to reports, Argentina introduced its largest-denomination banknote on Monday.  According to the available data, inflation is running at more than 100 percent per year, forcing the populace to carry ever-increasing amounts of cash to pay for daily expenses. Argentina registers the worst inflation case in history Currently, the inflation rate in the South American nation is 109 percent. This is one of the world’s highest points. A survey conducted by a central bank predicts that by the end of this year, inflation will reach nearly 130%. The interest rates have been dramatically increased to 97%. In April, consumer prices increased at the fastest rate since 1991, when Argentina emerged from hyperinflation. The economy is anticipated to enter a recession before…

TL;DR Breakdown China unveils government-backed metaverse. Over 200 experts attend Nanjing 2023 Metaverse Conference. Nanxin University is confident in co-building the Metaverse platform. Jianye District pioneers government-led metaverse ecosystem. In an innovative stride towards a digitally interconnected future, China unveiled its first government-led metaverse ecosystem. This initiative marks a major step in China’s journey towards establishing itself as a pioneer in the rapidly evolving metaverse industry. All eyes are on China as they boldly take the leap forward into the exciting realm of technological innovation with this impressive launch. China unveils govt-funded Metaverse The announcement took place at the Nanjing 2023 Metaverse Application Co-creation Conference, an event marked by the confluence of scholars, business representatives, and more than 200 Metaverse technical experts from diverse institutions across China. A key figure at the event was Li Beiqun, president of Nanxin University, an institution that established the first Metaverse Engineering Department in the country in September 2022. Li expressed confidence in Nanxin University’s ability to co-build the China Metaverse technology and application innovation platform. Drawing upon the university’s history of innovation and…

TL;DR Breakdown Binance has announced the removal of several trading pairs involving the Australian Dollar (AUD) from its platform, effective May 26, 2023. Speculations surround the motivations behind this decision, with possible factors including low trading volumes, regulatory compliance, and resource optimization. In a recent announcement, Binance, one of the world’s leading cryptocurrency exchanges, has revealed its decision to remove several trading pairs involving the Australian Dollar (AUD). This move has garnered significant attention within the crypto community, as traders and investors speculate about the reasons behind the removal and its potential impact on the market. With Binance being a prominent player in the industry, any changes made by the exchange tend to generate ripples in the crypto landscape. In this article, we will delve into the details of the decision, explore the possible motivations behind it, and discuss the implications for both Binance users and the broader cryptocurrency market. Binance’s Decision to Remove AUD Trading Pairs Binance’s announcement stated that starting from May 26, 2023, several trading pairs involving the Australian Dollar would be delisted from the exchange. The…

TL;DR Breakdown Pakistan’s Ministry of IT & Telecom has drafted an ambitious policy to integrate AI in its education system, aiming to transform into a knowledge-based economy. The government plans to train a million IT graduates in AI and related technologies by 2027, recruiting 10,000 new trainers for the task. By 2026, the policy seeks to fund 1,000 AI-led R&D initiatives and register over 2,000 AI-related patents. Pakistan, in an audacious push for technological growth, has charted an ambitious course for the incorporation of Artificial Intelligence (AI) into its education system. The country’s Ministry of IT & Telecom has forged a policy aimed at catalyzing the rise of AI, signaling its readiness to adapt to the rapidly evolving digital landscape. In its pursuit to transform into a knowledge-based economy, Pakistan is gearing up to invest in and nurture human capital proficient in AI and related technologies. Transforming the educational landscape with AI Central to Pakistan’s AI policy is the goal of instilling AI competencies in the country’s workforce. As per a survey conducted by the Ministry of Information Technology and…