TL;DR Breakdown The Reserve Bank of India (RBI) and 247 Indian banking companies have joined forces to form the National Payments Corporation of India (NPCI). Both actively looking for an experienced blockchain technologist to lead efforts in examining potential blockchain applications within modern payment systems. The senior leadership position also demands a profound technical grasp of various blockchain platforms and a track record of involvement in at least two pilot blockchain projects.  Description The National Payments Corporation of India (NPCI), a collaborative initiative led by the Reserve Bank of India (RBI) in partnership with 247 Indian banking companies, is actively seeking an experienced blockchain technologist to spearhead efforts in exploring the potential applications of blockchain technology within contemporary payment systems. NPCI is the governing body responsible for the … Read more The National Payments Corporation of India (NPCI), a collaborative initiative led by the Reserve Bank of India (RBI) in partnership with 247 Indian banking companies, is actively seeking an experienced blockchain technologist to spearhead efforts in exploring the potential applications of blockchain technology within contemporary payment systems. NPCI is…

TL;DR Breakdown Changchun Mu, the director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the desire of digital yuan developers to see it integrated into all online retail payment options. One of the key points Mu raised was the integration of the digital yuan into popular payment platforms and applications used by consumers, including those operated by commercial banks, WeChat, and Alipay. Description Changchun Mu, the director of the Digital Currency Research Institute of the People’s Bank of China, made an intriguing announcement regarding China’s central bank digital currency (CBDC), also known as the digital yuan on September 3. Speaking at the annual China International Service Trade Fair, Mu highlighted the ongoing technological and business model upgrades that … Read more Changchun Mu, the director of the Digital Currency Research Institute of the People’s Bank of China, made an intriguing announcement regarding China’s central bank digital currency (CBDC), also known as the digital yuan on September 3. Speaking at the annual China International Service Trade Fair, Mu highlighted the ongoing technological and business model upgrades…

TL;DR Breakdown U.S. federal court greenlights class-action lawsuit against HelbizCoin creators, citing fraud and securities law violations. The court’s ruling deems Helbiz’s ERC-20 token as a security, potentially shaping future cryptocurrency regulations. Blockchain transparency played a pivotal role in the case. Description In a significant legal development, a United States federal court has given the green light to a class-action lawsuit against the creators of HelbizCoin. This lawsuit, which has been ongoing for nearly three years, alleges fraudulent activities and violations of securities laws by the Italian electric scooter-sharing company HelBiz and its partners.  The case centres … Read more In a significant legal development, a United States federal court has given the green light to a class-action lawsuit against the creators of HelbizCoin. This lawsuit, which has been ongoing for nearly three years, alleges fraudulent activities and violations of securities laws by the Italian electric scooter-sharing company HelBiz and its partners.  The case centres around an initial coin offering (ICO) conducted by HelBiz in 2018, during which it raised $38.6 million and issued an ERC-20 token involving one of…

TL;DR Breakdown Europe is facing a more persistent inflation challenge compared to the United States. The US has recorded a 2.1 percent annualized expansion in the second quarter, raising optimism for a “soft landing” that controls inflation without a recession. Wage growth in Europe, particularly in the UK and the eurozone, has outpaced that in the United States. Description Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but … Read more Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but has since dropped considerably and is now notably…

TL;DR Breakdown Ron DeSantis, a US presidential candidate, has released a ‘Bitcoin Declaration’ promising strong support for Bitcoin and opposition to CBDCs. DeSantis’ stance on cryptocurrencies could significantly influence the regulatory landscape, potentially shaping the future of digital currencies in the United States. Description In an unprecedented move that underscores the growing influence of cryptocurrencies in politics, United States presidential candidate and Florida Governor Ron DeSantis has recently published a groundbreaking “Bitcoin Declaration.” This declaration is a commitment to embrace and support Bitcoin and the broader cryptocurrency ecosystem. With the 2024 presidential election looming, DeSantis is making a name … Read more In an unprecedented move that underscores the growing influence of cryptocurrencies in politics, United States presidential candidate and Florida Governor Ron DeSantis has recently published a groundbreaking “Bitcoin Declaration.” This declaration is a commitment to embrace and support Bitcoin and the broader cryptocurrency ecosystem. With the 2024 presidential election looming, DeSantis is making a name for himself as one of the strongest advocates for digital currencies in US political leadership. Contents hide 1 DeSantis’ pledge to protect Bitcoin…

TL;DR Breakdown JPMorgan analysts predict that the U.S. Securities and Exchange Commission (SEC) is likely to approve multiple spot Bitcoin ETFs following Grayscale’s recent legal win, which challenged the SEC’s rejection of its ETF application. The SEC’s decision to delay rulings on spot Bitcoin ETF proposals from various companies until mid-October is seen as an indicator that multiple approvals are on the horizon, potentially lowering ETF fees through increased competition. While the approval of spot Bitcoin ETFs could be a game-changer, analysts caution that similar products in Canada and Europe have not seen significant investor interest, leaving the broader impact on the cryptocurrency market uncertain. Description In a pivotal development, analysts from JPMorgan, led by Nikolaos Panigirtzoglou, forecasted that the U.S. Securities and Exchange Commission (SEC) is poised to approve several spot Bitcoin Exchange-Traded Funds (ETFs). This prediction emerged following Grayscale’s landmark legal win against the SEC, a decision that could reshape the cryptocurrency landscape. Earlier in the week, a federal … Read more In a pivotal development, analysts from JPMorgan, led by Nikolaos Panigirtzoglou, forecasted that the U.S. Securities…

TL;DR Breakdown Anatoly Yakovenko, Solana’s Co-Founder, tweeted in response to MakerDAO’s consideration of using Solana’s technology for its upcoming NewChain, calling it a “win for open source” and urging the community not to use it as a point of attack against Ethereum. Yakovenko’s tweet emphasizes the collaborative nature of blockchain technologies, acknowledging that many of Solana’s features were developed based on Ethereum’s research and development. Description In a recent tweet, Anatoly Yakovenko, the co-founder of Solana, weighed in on MakerDAO’s consideration of Solana’s technology for its upcoming native chain, NewChain. Yakovenko emphasized that the move should be viewed as a victory for the open-source community rather than a competitive edge over Ethereum.  His tweet comes on the heels of MakerDAO co-founder … Read more In a recent tweet, Anatoly Yakovenko, the co-founder of Solana, weighed in on MakerDAO’s consideration of Solana’s technology for its upcoming native chain, NewChain. Yakovenko emphasized that the move should be viewed as a victory for the open-source community rather than a competitive edge over Ethereum.  His tweet comes on the heels of MakerDAO co-founder Rune…

TL;DR Breakdown US presidential candidate Robert Kennedy Jr. has given his opinion on China’s intentions. BRICS alliance and currency shift in international trade. Description Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors … Read more Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors aspirations to outshine the U.S. economically. He also addressed China’s role in the evolving BRICS alliance and the significance of local currencies in international trade. RFK Jr. highlights China’s strength As a member of the Kennedy family, Robert Kennedy Jr. brought a legacy…

TL;DR Breakdown A recent KuCoin report has shown the new crypto adoption rate in Turkey. Factors driving Turkey’s crypto adoption rate. Description In recent years, Turkey has witnessed a significant increase in crypto adoption as its population seeks alternatives to combat high inflation. According to a survey conducted by KuCoin, one of the world’s largest cryptocurrency exchanges, the adoption rate has risen from 40% to 52% over the past year and a half. This trend reflects a … Read more In recent years, Turkey has witnessed a significant increase in crypto adoption as its population seeks alternatives to combat high inflation. According to a survey conducted by KuCoin, one of the world’s largest cryptocurrency exchanges, the adoption rate has risen from 40% to 52% over the past year and a half. This trend reflects a growing interest in cryptocurrencies, particularly as a hedge against the depreciation of the Turkish lira, which has lost over 50% of its value against the US dollar. KuCoin report unveils crypto embrace in Turkey KuCoin’s “Understanding Crypto Users” report is based on the responses of…

TL;DR Breakdown Former SEC Chair Jay Clayton has shared his insight on the ongoing spot Bitcoin ETF approval process. The path to regulatory approval. Description Former Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, recently shared his insights on the probability of the SEC approving a spot Bitcoin exchange-traded fund (ETF). In an interview with CNBC, Clayton discussed the growing demand for cryptocurrency exposure among both retail and institutional investors, suggesting that the approval of a Bitcoin … Read more Former Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, recently shared his insights on the probability of the SEC approving a spot Bitcoin exchange-traded fund (ETF). In an interview with CNBC, Clayton discussed the growing demand for cryptocurrency exposure among both retail and institutional investors, suggesting that the approval of a Bitcoin spot ETF is only a matter of time. Ex-SEC Chair affirms growing interest in spot Bitcoin ETF The interview came in the wake of the SEC’s decision to delay its rulings on multiple Bitcoin ETF applications, including one submitted by BlackRock, the…