TL;DR Breakdown Stellar recently posted a cryptic tweet hinting at a major upcoming innovation. Stellar’s recent investment in MoneyGram International in August may explain the upcoming announcement. The price of XLM, Stellar’s native token, has seen a modest increase of 2.24% in the past 24 hours, reaching $0.125. Description The decentralized blockchain titan Stellar recently stirred the crypto realm with a mysterious tweet. This tweet hinted at a significant upcoming innovation. While the details remain under wraps, many believe it could be a pivotal partnership or a technological leap. The tweet, with the intriguing word “brand,” has left many enthusiasts buzzing. Stellar confidently stated … Read more The decentralized blockchain titan Stellar recently stirred the crypto realm with a mysterious tweet. This tweet hinted at a significant upcoming innovation. While the details remain under wraps, many believe it could be a pivotal partnership or a technological leap. The tweet, with the intriguing word “brand,” has left many enthusiasts buzzing. Stellar confidently stated its intent to merge its platform with the real world. This move aims to elevate traditional finance to…

TL;DR Breakdown Iris Energy, a leader in sustainable Bitcoin mining, earned $2.3 million in power credits last month from its voluntary energy curtailments at its Childress, Texas, site. The company generated $11.4 million in revenue by mining 410 Bitcoin, with an average profit of $17,300 per Bitcoin. Iris Energy reduced its electricity expenses from $6.6 million to $4.3 million. Description Iris Energy, a trailblazer in sustainable Bitcoin (BTC) mining, paints a new picture of profitability and environmental responsibility in the crypto world. Last month, the company raked in a stunning $2.3 million in power credits. This windfall came primarily from voluntary power curtailments at their Childress site in Texas. During peak demand times, the company … Read more Iris Energy, a trailblazer in sustainable Bitcoin (BTC) mining, paints a new picture of profitability and environmental responsibility in the crypto world. Last month, the company raked in a stunning $2.3 million in power credits. This windfall came primarily from voluntary power curtailments at their Childress site in Texas. During peak demand times, the company dialed down its energy use, relieving stress…

TL;DR Breakdown Hyperspace, a multichain NFT marketplace, has made its EVM chain debut on Avalanche, aiming to provide an optimal experience for NFT traders and collectors. The partnership plans to introduce novel features such as real-time trading, collection bidding, and wallet analytics, along with easy-to-use APIs as part of Hyperspace’s short-term roadmap. The collaboration is expected to significantly enhance the Avalanche ecosystem, filling a critical infrastructure role and setting new standards for NFT trading and utilization. Description Hyperspace, a multichain NFT marketplace and launchpad, has debuted on Avalanche’s EVM chain. The partnership aims to provide an optimal experience for NFT traders and collectors by leveraging the speed, power, and eco-friendliness of the Avalanche blockchain.  Hyperspace co-founder Kamil Mafoud expressed enthusiasm about the partnership, stating that it represents a pivotal milestone in their … Read more Hyperspace, a multichain NFT marketplace and launchpad, has debuted on Avalanche’s EVM chain. The partnership aims to provide an optimal experience for NFT traders and collectors by leveraging the speed, power, and eco-friendliness of the Avalanche blockchain.  Hyperspace co-founder Kamil Mafoud expressed enthusiasm about the…

Description JPMorgan Chase & Co., the behemoth of the U.S. banking industry, isn’t content resting on its laurels. The financial giant is on the brink of delving deeper into the world of blockchain technology. The bank is reportedly examining the possibility of introducing a blockchain-anchored digital deposit token. This move is aimed at accelerating the speed … Read more JPMorgan Chase & Co., the behemoth of the U.S. banking industry, isn’t content resting on its laurels. The financial giant is on the brink of delving deeper into the world of blockchain technology. The bank is reportedly examining the possibility of introducing a blockchain-anchored digital deposit token. This move is aimed at accelerating the speed of cross-border transactions and clearing the way for instantaneous settlements. Pioneering the Next Stage of Digital Banking With most of the required infrastructure already in place to facilitate this new payment mode, JPMorgan’s plans hinge largely on the green light from U.S. regulators. Once they give the nod, the bank is poised to roll out the product for its corporate clientele in less than a year….

Description Apple, the tech titan revered for its groundbreaking products, recently felt the heat from investor apprehensions. With a jaw-dropping dip of $200 billion in market value in a mere two-day span, one has to wonder what threw a wrench into Apple’s usually smooth operations. Unveiling the core reasons behind this nosedive reveals an intricate interplay … Read more Apple, the tech titan revered for its groundbreaking products, recently felt the heat from investor apprehensions. With a jaw-dropping dip of $200 billion in market value in a mere two-day span, one has to wonder what threw a wrench into Apple’s usually smooth operations. Unveiling the core reasons behind this nosedive reveals an intricate interplay of geopolitical tensions, robust competitors, and market dynamics. China’s Clampdown: A Spanner in the Works The root of Apple’s recent troubles can be traced back to Beijing. Rumblings suggest the Chinese government might be curbing the use of iPhones by its officials. While Apple might be on the brink of unveiling their latest smartphone – the iPhone 15, the Chinese debacle has cast a pall over…

TL;DR Breakdown In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected as Latin American currencies fell. Despite Brazil’s significant economic growth in the first half of the year, tax revenue has sharply declined. The UAE and Brazil have formed a partnership to exchange knowledge and expertise in economics through the UAE’s government experience exchange program. Description In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected in August. Meanwhile, Latin American currencies experienced a decline to a three-week low this week in a volatile trading session, primarily influenced by losses in the Mexican peso. Simultaneously, the dollar maintained its six-month peak, influenced by … Read more In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected in August. Meanwhile, Latin American currencies experienced a decline to a three-week low this week in a volatile trading session, primarily influenced by losses in the Mexican peso. Simultaneously, the dollar maintained its six-month peak, influenced by concerns about…

TL;DR Breakdown Argentina’s presidential candidate Javier Milei is pushing to adopt the US dollar as the country’s official currency. The discussion around dollarization has gained traction due to the peso’s sharp depreciation, leading to hyperinflation and debt challenges in Argentina. Critics, including economist Robin Brooks, oppose dollarization, pointing out that it relinquishes independent monetary policy control. Description Argentina’s presidential candidate Javier Milei has advocated adopting the US dollar as the nation’s currency. To further this agenda, Milei has initiated discussions with foreign investment funds to secure dollar loans to bolster the country’s reserves.  Milei further expressed the view that people should be able to utilize the dollars they have saved under their … Read more Argentina’s presidential candidate Javier Milei has advocated adopting the US dollar as the nation’s currency. To further this agenda, Milei has initiated discussions with foreign investment funds to secure dollar loans to bolster the country’s reserves.  Milei further expressed the view that people should be able to utilize the dollars they have saved under their mattresses. He emphasized this during an event and added that…

TL;DR Breakdown Tangem plans a complete rebranding to accumulate more market shares from popular hardware wallets. The wallet provider has seen massive traction, with a 738% spike in monthly active users since 2022. Tangem will debut the “first fully self-custodial payment solution integrated with a global payment network.” Description Leading crypto wallet provider Tangem on Friday announced a full-scale product upgrade and rebrand to strengthen its position in the hardware wallet market. The move follows a massive user growth in Tangem Wallet, a card-shaped self-custodial cold wallet that gives users full control of their private keys.  Tangem Records 738% Increase in MAUs In a … Read more Leading crypto wallet provider Tangem on Friday announced a full-scale product upgrade and rebrand to strengthen its position in the hardware wallet market. The move follows a massive user growth in Tangem Wallet, a card-shaped self-custodial cold wallet that gives users full control of their private keys.  Tangem Records 738% Increase in MAUs In a Friday announcement, Tangem said its monthly active users had grown 738% since the recent product release last year….

TL;DR Breakdown Faruk Fatih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, along with his sister Serap Özer and brother Güven Özer, has been sentenced to a staggering 11,196 years, 10 months, and 15 days in prison, as reported by local media. Thodex abruptly ceased operations in April 2021, leaving over 400,000 users bewildered and unable to access their deposits, which amounted to a staggering $2 billion in various cryptocurrencies. Description Faruk Fatih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, along with his sister Serap Özer and brother Güven Özer, has been sentenced to a staggering 11,196 years, 10 months, and 15 days in prison, as reported by local media. In addition to the prison sentences, the court imposed a judicial fine of … Read more Faruk Fatih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, along with his sister Serap Özer and brother Güven Özer, has been sentenced to a staggering 11,196 years, 10 months, and 15 days in prison, as reported by local media. In addition to the prison sentences, the…

TL;DR Breakdown OKX and fintech firm Circle have jointly launched innovative USDC features on the OKX Wallet and OKX DEX aggregator, marking a significant milestone in Web3 technology. The collaboration includes a “USDC Zero Network Fee Campaign” that allows OKX Wallet’s Smart Account users to conduct USDC transactions without network fees until October 5, 2023. The partnership also integrates OKX’s DEX aggregator with Circle’s Cross-Chain Transfer Protocol, enabling seamless USDC cross-chain swaps across multiple blockchains like Ethereum, Avalanche, and Arbitrum. Description In a significant development that marks a new milestone in the Web3 landscape, global Web3 technology company OKX and fintech firm Circle Internet Financial (Circle) have jointly introduced innovative USDC features on the OKX Wallet and the OKX DEX aggregator. The collaboration aims to enhance the user experience by offering zero network fee transactions and … Read more In a significant development that marks a new milestone in the Web3 landscape, global Web3 technology company OKX and fintech firm Circle Internet Financial (Circle) have jointly introduced innovative USDC features on the OKX Wallet and the OKX DEX aggregator. The…