TL;DR Breakdown US Senator Ted Cruz has reiterated his support for Bitcoin mining activities in Texas. Notable increase in the political support for crypto and mining. Description In a show of support for the burgeoning Bitcoin mining industry in Texas, Senator Ted Cruz has extolled the virtues of cryptocurrency mining on Fox News Radio. Cruz, who had previously run for the Republican presidential nomination, emphasized the benefits of Bitcoin mining for the energy grids during extreme weather conditions. He stated that he … Read more In a show of support for the burgeoning Bitcoin mining industry in Texas, Senator Ted Cruz has extolled the virtues of cryptocurrency mining on Fox News Radio. Cruz, who had previously run for the Republican presidential nomination, emphasized the benefits of Bitcoin mining for the energy grids during extreme weather conditions. He stated that he is a believer in Bitcoin mining and cryptocurrency. US Senator highlights the importance of mining US Senator Cruz highlighted the role of Bitcoin mining in enhancing the resiliency of the energy grid, especially during periods of extreme weather. He explained…

TL;DR Breakdown G20 leaders, representing two-thirds of the global population, push for a unified crypto framework by 2027. The Crypto-Asset Reporting Framework (CARF) aims to increase visibility into crypto transactions and the people behind them. The proposed system involves an annual automated exchange of information on transactions from unregulated platforms. Description The G20’s audacious move toward standardizing the wild west of crypto continues. Dominating headlines from their recent summit in New Delhi, leaders of these powerhouse economies announced a fervent push for a globally cohesive approach to cryptocurrency assets. An Unapologetic Move Towards Transparency The G20’s drive isn’t just another lofty political aspiration; it’s a definitive … Read more The G20’s audacious move toward standardizing the wild west of crypto continues. Dominating headlines from their recent summit in New Delhi, leaders of these powerhouse economies announced a fervent push for a globally cohesive approach to cryptocurrency assets. An Unapologetic Move Towards Transparency The G20’s drive isn’t just another lofty political aspiration; it’s a definitive game-changer. The goal? Establish a Crypto-Asset Reporting Framework (CARF) to streamline information exchange between countries by…

TL;DR Breakdown Analytics firm Kaiko reports that the top eight cryptocurrency exchanges control 91.7% of the market depth and 89.5% of trading volume, with Binance leading at 30.7% of global market depth and 64.3% of global trade volume. The concentration of liquidity in the crypto market has both advantages and disadvantages, according to Kaiko. While it benefits average traders, it also poses risks such as lack of safeguards against failures, hacks, or market manipulation. Description New data from analytics firm Kaiko reveals that the top eight cryptocurrency exchanges now control about 91.7% of market depth and 89.5% of trading volume. Binance, the leading exchange, accounted for 30.7% of global market depth and 64.3% of global trade volume in 2023. This concentration of liquidity has intensified over time, raising questions about … Read more New data from analytics firm Kaiko reveals that the top eight cryptocurrency exchanges now control about 91.7% of market depth and 89.5% of trading volume. Binance, the leading exchange, accounted for 30.7% of global market depth and 64.3% of global trade volume in 2023. This concentration of…

TL;DR Breakdown The co-founder of Islamic Coin Mohammed AlKaff AlHashmi has waded into the discussion regarding the legitimacy of the crypto. Crypto regulation in Europe vs. the Middle East and North Africa. Description In the rapidly evolving world of cryptocurrency, the intersection of technology and religion is gaining attention. One particular area of interest is the compatibility of digital assets with Islamic principles, known as Shariah-compliance. Mohammed AlKaff AlHashmi, co-founder of “Islamic Coin,” believes that cryptocurrencies can be considered Shariah-compliant if they serve as a store of value … Read more In the rapidly evolving world of cryptocurrency, the intersection of technology and religion is gaining attention. One particular area of interest is the compatibility of digital assets with Islamic principles, known as Shariah-compliance. Mohammed AlKaff AlHashmi, co-founder of “Islamic Coin,” believes that cryptocurrencies can be considered Shariah-compliant if they serve as a store of value or a medium of exchange. He asserts that Islam’s robust ethical framework is adaptable to modern technological advancements, including blockchain and cryptocurrencies. Islamic Coin secured $200 million in funding While there has been a…

TL;DR Breakdown Cheryl Friedman, a resident of Norton, Massachusetts, lost $3,500 due to a scam involving a fraudulent PayPal call. Despite reporting the incident, Bank of America initially refused to refund the stolen amount. Media outlets CBS Boston and WBZ-TV’s I-Team began investigating Friedman’s case, leading Bank of America to reverse its decision and issue a refund. The bank cited “additional information” from Friedman as the reason for the change, although the details were not disclosed. Description According to a recent report by CBS Boston, Cheryl Friedman, a resident of Norton, Massachusetts, fell victim to a scam that led to a loss of $3,500 from her Bank of America account. Despite promptly reporting the incident to the bank and local authorities, her request for a refund was initially denied. It wasn’t until … Read more According to a recent report by CBS Boston, Cheryl Friedman, a resident of Norton, Massachusetts, fell victim to a scam that led to a loss of $3,500 from her Bank of America account. Despite promptly reporting the incident to the bank and local authorities, her…

TL;DR Breakdown El Salvador embarks on a journey to educate the leaders of tomorrow, the youths, about Bitcoin and the dark side of traditional finance. 150 lecturers have been under training for over an year on the intricate details of the crypto industry. One of El Salvador’s teaching partners, My First Bitcoin – a non-profit organization, has taught 25000 students in the country. The student workbook,187 pages long, available in Spanish,Korean, German and English touches on subjects such as the role of money, the dark side of fiat, and economic education. Description Exactly two years after El Salvador established Bitcoin as its legal tender, El Salvador’s Ministry of Education launched its program to teach students in public colleges about Bitcoin. The program was started in partnership with My First Bitcoin, Bitcoin Seaside, and native Bitcoin initiatives.  The program will see 150 public faculty lecturers trained on Bitcoin … Read more Exactly two years after El Salvador established Bitcoin as its legal tender, El Salvador’s Ministry of Education launched its program to teach students in public colleges about Bitcoin. The program…

TL;DR Breakdown A market analysis by Kaiko shows that 8 global crypto exchanges manage most of the trading for investors. Binance controls 30% of the crypto market depth and 60% of the trade volume in 2023. August registered the lowest trading volumes. The total monthly volume of the spot and derivatives plummeted to $2.09 trillion, recording a staggering decrease of 11.5%.  Description Liquidity in dynamic crypto markets is ultra-concentrated, even more so over time, as only a handful of crypto exchanges have emerged as dominant forces holding most of the market’s liquidity.  As per the recent analysis on Kaiko, 8 exchanges hold the lion’s share of the trading volume and market depth. Market Makers are progressively supplying … Read more Liquidity in dynamic crypto markets is ultra-concentrated, even more so over time, as only a handful of crypto exchanges have emerged as dominant forces holding most of the market’s liquidity.  As per the recent analysis on Kaiko, 8 exchanges hold the lion’s share of the trading volume and market depth. Market Makers are progressively supplying liquidity at a tight range…

TL;DR Breakdown The SEC has requested court approval for an appeal in the Ripple case, potentially pausing proceedings. The SEC challenges the court’s perspective that XRP retail sales aren’t investment contracts. Marc Fagel, ex-SEC official, believes the appeal might face tough approval criteria. Description The Securities and Exchange Commission (SEC) recently made a bold move. They’ve asked the court to approve an appeal in the Ripple (XRP) case. This could halt proceedings until a final verdict emerges. The SEC’s argument hinges on a pivotal point. They believe the court’s view on XRP retail sales is far-reaching. This view suggests … Read more The Securities and Exchange Commission (SEC) recently made a bold move. They’ve asked the court to approve an appeal in the Ripple (XRP) case. This could halt proceedings until a final verdict emerges. The SEC’s argument hinges on a pivotal point. They believe the court’s view on XRP retail sales is far-reaching. This view suggests these sales aren’t investment contracts. Previously, Gary Gensler, the SEC head, held a firm stance. He believed the digital assets realm needed no…

TL;DR Breakdown Terra Luna Classic is voting on Proposal 11780 to increase the minimum deposit for proposals from 1 million to 5 million LUNC. The proposal aims to combat the rise in spam and irrelevant proposals. The L1 Terra Classic Task Force is preparing for a core upgrade (v2.2.1) scheduled for September 12 at 9.57 UTC. Description The Terra Luna Classic community is currently voting on Proposal 11780. This initiative aims to combat the surge in spam proposals by raising the minimum deposit amount from 1 million to 5 million LUNC. The proposal comes when the crypto market is buzzing with activity, especially ahead of the v2.2.1 core upgrade scheduled for September … Read more The Terra Luna Classic community is currently voting on Proposal 11780. This initiative aims to combat the surge in spam proposals by raising the minimum deposit amount from 1 million to 5 million LUNC. The proposal comes when the crypto market is buzzing with activity, especially ahead of the v2.2.1 core upgrade scheduled for September 12 at 9.57 UTC. The community’s validators are in agreement….

TL;DR Breakdown Brian Armstrong, Coinbase CEO, discussed the company’s global expansion plans, highlighting 83% of G-20 nations. Armstrong remains optimistic about the U.S. regulatory landscape. On Bitcoin ETFs, Armstrong disclosed that Coinbase is listed as the custodian in several applications. Description Coinbase CEO Brian Armstrong recently joined CNBC’s Power Lunch to discuss the company’s global ambitions. Armstrong highlighted that 83% of G-20 nations adopt or craft cryptocurrency laws. He cited Coinbase’s recent forays into Canada and the launch of an international derivatives exchange as evidence of the company’s commitment to overseas markets. In the face of … Read more Coinbase CEO Brian Armstrong recently joined CNBC’s Power Lunch to discuss the company’s global ambitions. Armstrong highlighted that 83% of G-20 nations adopt or craft cryptocurrency laws. He cited Coinbase’s recent forays into Canada and the launch of an international derivatives exchange as evidence of the company’s commitment to overseas markets. In the face of regulatory hurdles in the U.S., Armstrong remains optimistic. “America is going to get this right,” he assured. He noted that Congress is actively reviewing major crypto…