Description The colossal U.S. debt, now hovering at a staggering $33 trillion, has become a defining conversation piece for many fiscal conversations. It’s a number that’s hard to grasp, often cloaked in anxiety, controversy, and divisive opinions. Every fiscal year since the turn of the millennium has witnessed the U.S. spending more than its revenue, forcing … Read more The colossal U.S. debt, now hovering at a staggering $33 trillion, has become a defining conversation piece for many fiscal conversations. It’s a number that’s hard to grasp, often cloaked in anxiety, controversy, and divisive opinions. Every fiscal year since the turn of the millennium has witnessed the U.S. spending more than its revenue, forcing the nation into the corner of borrowing. But is all this borrowing a financial apocalypse in the making, or could there be a silver lining somewhere? Debt: A Necessary Evil or a Useful Tool? Kris Mitchener, a distinguished economist at Santa Clara University’s Leavey School of Business, paints the public debt with a more nuanced brush. Mitchener suggests that borrowing, historically, has been the go-to move…

Description Tensions are ratcheting up in Southeast Asia as the U.S. fortifies its ties with Vietnam, casting an unmistakable shadow over China. In a bold move that underscores the shifting dynamics of geopolitical power, Vietnam has bestowed upon Washington an honor previously reserved for powerhouses like China, Russia, and a select few others. With President Joe … Read more Tensions are ratcheting up in Southeast Asia as the U.S. fortifies its ties with Vietnam, casting an unmistakable shadow over China. In a bold move that underscores the shifting dynamics of geopolitical power, Vietnam has bestowed upon Washington an honor previously reserved for powerhouses like China, Russia, and a select few others. With President Joe Biden’s recent trip to Hanoi, it’s evident that the winds of change are blowing – and China should take note. Contents hide 1 A Ceremonial Welcome, A Strategic Partnership 2 Vietnam’s Delicate Dance with Defense Deals 3 Economic Ties That Bind 4 Where Do We Stand Now? A Ceremonial Welcome, A Strategic Partnership Hanoi welcomed Biden with a ceremony organized by the ruling Communist Party, where…

TL;DR Breakdown The IMF urgently calls for revitalization of the world economy. G20’s response to the escalating climate crisis lacks concrete action, especially regarding the promised $100 billion annually for climate finance. Georgieva emphasizes revamping domestic resources to support the green transition. Description The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the … Read more The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the G20 bloc: It’s time to revitalize the world economy, and there’s not a moment to waste. Climate Funds: Promises in the Air? One can’t…

TL;DR Breakdown The G20 summit in New Delhi emphasized the need to reform and expand the mandate of multilateral lenders, notably the World Bank. Narendra Modi, India’s Prime Minister, advocated for stronger multilateral development banks. The G20’s focus on these reforms is partly due to Western states’ efforts to connect with developing countries, especially amid geopolitical issues involving Russia and Ukraine. Description The ground has shifted in the power corridors of global finance. The recent G20 summit held in New Delhi witnessed a strong push for expanding the scope and influence of multilateral lenders, primarily the World Bank. The audacious voices from influential corners of the globe are clamoring for transformative changes that could redefine global financial … Read more The ground has shifted in the power corridors of global finance. The recent G20 summit held in New Delhi witnessed a strong push for expanding the scope and influence of multilateral lenders, primarily the World Bank. The audacious voices from influential corners of the globe are clamoring for transformative changes that could redefine global financial dynamics. A Revamped Global Financial…

TL;DR Breakdown The crypto week ahead is rife with microeconomic factors, with the US CPI Report for August being a point of interest. This week, the Chinese economy will continue to exert influence. Investors anticipate that economic conditions will continue to improve.  FTX is anticipated to obtain court approval to liquidate an estimated $3.4 billion worth of cryptocurrencies. How will this affect the market? Description As we venture into another week of crypto market volatility, high-stakes trading, and groundbreaking developments, Cryptopolitan aims to provide investors like you with actionable insights, crucial dates, and important trends to keep an eye on. The crypto market is not for the faint-hearted, and even seasoned traders know that an educated decision is always better … Read more As we venture into another week of crypto market volatility, high-stakes trading, and groundbreaking developments, Cryptopolitan aims to provide investors like you with actionable insights, crucial dates, and important trends to keep an eye on. The crypto market is not for the faint-hearted, and even seasoned traders know that an educated decision is always better than a…

TL;DR Breakdown Cryptocurrency security firm SlowMist identified a critical security flaw in the LDO token contract, which has been exploited for “fake deposit” attacks on exchanges. The contract deviates from the ERC20 standard, allowing for transfers that exceed the user’s actual holdings. SlowMist recommends several precautionary measures for exchanges, including additional verification of return values from token contracts, comprehensive analysis of token contract codes, and regular code audits and security checks. Description Cryptocurrency security firm SlowMist recently issued an alert about a security flaw in the LDO token contract, which hackers have exploited to conduct fraudulent deposit attacks on exchanges. The flaw lies in the contract’s non-compliance with the ERC20 standard, which typically mandates that a transfer transaction must be reversed if the sender lacks sufficient funds. … Read more Cryptocurrency security firm SlowMist recently issued an alert about a security flaw in the LDO token contract, which hackers have exploited to conduct fraudulent deposit attacks on exchanges. The flaw lies in the contract’s non-compliance with the ERC20 standard, which typically mandates that a transfer transaction must be reversed if…

TL;DR Breakdown Weekly crypto price analysis reveals major coins have been trading at their lower levels for the past week. Bitcoin has been trading in bearish territory, hovering around $25,740 with a few spikes. The selling pressure on most of the other major coins has been quite significant for the past week. Description Weekly crypto analysis reveals that most of the cryptocurrencies have seen a dip in their prices over the last seven days, with bullish trading sentiment finding it hard to take hold. The selling pressure on the crypto markets has increased, leading to a price decline. Bitcoin price analysis has been hovering around the $25,000 level … Read more Weekly crypto analysis reveals that most of the cryptocurrencies have seen a dip in their prices over the last seven days, with bullish trading sentiment finding it hard to take hold. The selling pressure on the crypto markets has increased, leading to a price decline. Bitcoin price analysis has been hovering around the $25,000 level for most days in the week, with minor corrections in between. The coin is…

TL;DR Breakdown James Howells, a former IT professional, is preparing to sue Newport City Council for denying him the right to excavate a landfill where a hard drive containing 7,500 bitcoins ($194 million) is believed to be buried. Howells’ legal team has set a deadline of September 18 for the council to grant excavation rights, and he is pushing for a judicial review of the council’s decision. He has also secured external investors and pledged to cover all costs. The case has been ongoing for a decade and has seen multiple failed negotiations between Howells and the council. Description A 38-year-old former IT professional, James Howells, is preparing for a legal battle against Newport City Council. The dispute revolves around a hard drive containing 7,500 bitcoins, valued at approximately $194 million, based on today’s exchange rate, which was accidentally discarded in a landfill in 2013. Howells has been in a decade-long disagreement with the … Read more A 38-year-old former IT professional, James Howells, is preparing for a legal battle against Newport City Council. The dispute revolves around a hard…

TL;DR Breakdown NounsDAO is facing a treasury split as members are seeking a better deal. The ongoing trend in the DAO space. Description In the fast-paced world of cryptocurrency and decentralized autonomous organizations (DAOs), the term “rage quit” has gained prominence. NounsDAO, a prominent player in the NFT (Non-Fungible Token) space, is now on the brink of a treasury split as a significant group of NFT holders expresses discontent with the project. According to the surprising turn of … Read more In the fast-paced world of cryptocurrency and decentralized autonomous organizations (DAOs), the term “rage quit” has gained prominence. NounsDAO, a prominent player in the NFT (Non-Fungible Token) space, is now on the brink of a treasury split as a significant group of NFT holders expresses discontent with the project. According to the surprising turn of events, holders of 25% of all Nouns NFTs have initiated a move that could potentially shake the foundations of NounsDAO. NounsDAO members set to trigger the rage quit option Instead of the holders attempting to sell their NFTs in a bearish market, they are…

TL;DR Breakdown The G20 represents a critical juncture for Europe in a shifting global power dynamic. Xi Jinping’s absence could reset global power alignments, with Europe potentially benefiting. Meetings between North Korea and Russia hint at an emerging “axis of autocracies,” posing a threat. Description Ah, the G20. If ever there was a playground for the world’s mightiest, this is it. But as nations gather, each jockeying for power, Europe finds itself on a precipice, staring down at a rapidly shifting global landscape. Is the G20 their golden ticket to retaining global influence, or the final nail in the coffin? … Read more Ah, the G20. If ever there was a playground for the world’s mightiest, this is it. But as nations gather, each jockeying for power, Europe finds itself on a precipice, staring down at a rapidly shifting global landscape. Is the G20 their golden ticket to retaining global influence, or the final nail in the coffin? Let’s dissect. Europe’s Struggle for Relevance The story here isn’t just about Europe but the changing dynamics of world power. Enter India,…