TL;DR Breakdown Grayscale challenges the SEC; Court sides with Grayscale but Bitcoin ETF not guaranteed. Binance drops Banco de Venezuela for P2P trading, aligning with international financial sanctions. Shibarium, after initial hiccups, rebounds with over 100,000 wallets since its relaunch. Description The crypto sphere never slows down, and neither should you. From Binance’s fresh stance to Grayscale’s courtroom standoff, it’s been a whirlwind. Not to be left behind, Shibarium’s audacious move only further heats the crypto arena. Let’s dive into the details. Grayscale’s Victory: More than Just a Headline In the quest for Bitcoin ETF dominance, … Read more The crypto sphere never slows down, and neither should you. From Binance’s fresh stance to Grayscale’s courtroom standoff, it’s been a whirlwind. Not to be left behind, Shibarium’s audacious move only further heats the crypto arena. Let’s dive into the details. Grayscale’s Victory: More than Just a Headline In the quest for Bitcoin ETF dominance, Grayscale’s confrontation with the United States Securities and Exchange Commission (SEC) takes center stage. After an initial rejection due to perceived vulnerabilities to fraudulent activities, Grayscale…

TL;DR Breakdown Binance contemplates withdrawing services from Russia due to U.S. sanctions. The crypto exchange recently delisted select Russian banks and imposed currency restrictions. Other platforms like Bybit and OKX also reconsider their Russian engagements. Russia plans to introduce digital rubles by 2027. Description Binance, a behemoth in the cryptocurrency exchange realm, seems ready to make an audacious move – possibly withdrawing its extensive services from Russia. This comes amidst escalating sanctions, with the United States leading the charge against the crypto giant. Mounting Global Pressures The undercurrents of Binance‘s contemplation could be felt long before it became public … Read more Binance, a behemoth in the cryptocurrency exchange realm, seems ready to make an audacious move – possibly withdrawing its extensive services from Russia. This comes amidst escalating sanctions, with the United States leading the charge against the crypto giant. Mounting Global Pressures The undercurrents of Binance‘s contemplation could be felt long before it became public knowledge. Just recently, the exchange made the strategic decision to delist certain Russian financial establishments from its peer-to-peer payment platform. This meant not…

Description Contents hide 1 Crypto prices jump as Grayscale secures a win against SEC in court 2 Bitcoin ETFs are up for review this week 3 Digital asset investment products saw outflows totalling US$168m 4 Twitter obtains the licence required for crypto payments and trading 5 BTC dominance finds support 6 Bitcoin shoot past $27,000 7 … Read more Contents hide 1 Crypto prices jump as Grayscale secures a win against SEC in court 2 Bitcoin ETFs are up for review this week 3 Digital asset investment products saw outflows totalling US$168m 4 Twitter obtains the licence required for crypto payments and trading 5 BTC dominance finds support 6 Bitcoin shoot past $27,000 7 Bitcoin regains its purchase momentum 8 The odds of spot Bitcoin ETF approval have increased 9 Dead Russian billionaire Yevgeny Prigozhin rumoured to be 5th largest Bitcoin holder 10 Bitcoin is front page news today 11 Search interest in crypto dwindles 12 Peter Schiff says GBTC becoming a spot ETF is bearish for Bitcoin 13 Despite last week’s market dip, PEPE’s liquidity remained steady Crypto prices…

TL;DR Breakdown Twitter-X has obtained the Rhode Island Currency Transmitter License, enabling it to offer cryptocurrency payments and trading services within the United States. The license aligns with Twitter-X’s recent initiatives in the crypto space, such as integrating Bitcoin tips and supporting NFTs as profile pictures. Under Elon Musk’s leadership, the acquisition of the license marks a significant step in Twitter-X’s vision to become an “everything app,” potentially offering a broad range of financial services. Description Twitter-X, the rebranded social media platform formerly known as Twitter, has secured the Rhode Island Currency Transmitter License, a crucial regulatory approval that paves the way for the company to offer cryptocurrency payments and trading services in the United States. Social media giant expands into crypto services with new license The license, granted on August … Read more Twitter-X, the rebranded social media platform formerly known as Twitter, has secured the Rhode Island Currency Transmitter License, a crucial regulatory approval that paves the way for the company to offer cryptocurrency payments and trading services in the United States. Social media giant expands into crypto…

Description Grayscale’s victory over the SEC is a big win Will stablecoins eclipse Mastercard, PayPal, and other leading digital payment solutions? Grayscale’s victory over the SEC is a big win 1/ Grayscale’s victory over the SEC is *massive.* It’s very rare for a federal circuit court to find that an agency has violated the APA by acting arbitrarily and capriciously. The DC Circuit just delivered a huge embarrassment for the SEC. But the ETF isn’t approved yet 🧵 — Jake Chervinsky (@jchervinsky) August 29, 2023 2/ The DC Circuit soundly rejected the SEC’s view that Grayscale’s ETF proposal was not “designed to prevent fraudulent and manipulative acts and practices.” The SEC has spent a full decade denying spot bitcoin ETF proposals under this reasoning. That era has now come to an end. — Jake Chervinsky (@jchervinsky) August 29, 2023 3/ But the court didn’t order the SEC to approve Grayscale’s ETF proposal. It just said the SEC’s analysis on the “fraud and manipulation” issue was wrong. Now, the SEC has to go back and review Grayscale’s proposal again, with the…

TL;DR Breakdown DoorDash has announced the introduction of an AI-powered voice ordering system. Experts say AI will complement and not replace workers. Description In a bid to revolutionize the restaurant industry, DoorDash has unveiled an innovative AI-powered voice ordering system. The company asserts that this technology will not only maximize revenue for restaurants but also ensure that no customer call goes unanswered. Going a step further, the AI system will offer personalized recommendations to customers, thereby boosting the … Read more In a bid to revolutionize the restaurant industry, DoorDash has unveiled an innovative AI-powered voice ordering system. The company asserts that this technology will not only maximize revenue for restaurants but also ensure that no customer call goes unanswered. Going a step further, the AI system will offer personalized recommendations to customers, thereby boosting the value of each order. DoorDash unveils innovative ordering system At the heart of this groundbreaking initiative lies the integration of AI conversational bots and live agents, as detailed in a recent blog post by DoorDash. The overarching objective is to seize every opportunity presented…

TL;DR Breakdown Friend.tech has announced that it will penalize its users who migrate to copycat platforms. Founder releases apology to quell tension. Description In the fast-evolving world of cryptocurrency and decentralized social media, the recent launch of Friend.tech’s app, touted as a decentralized social media platform built on blockchain technology, has ignited a firestorm of criticism. The controversy revolves around Friend.tech’s decision to penalize users who explore alternative forks or copycat versions of their tokenized social media ecosystem. … Read more In the fast-evolving world of cryptocurrency and decentralized social media, the recent launch of Friend.tech’s app, touted as a decentralized social media platform built on blockchain technology, has ignited a firestorm of criticism. The controversy revolves around Friend.tech’s decision to penalize users who explore alternative forks or copycat versions of their tokenized social media ecosystem. Friend.tech plans to remove reward of erring users Friend.tech’s official announcement, made through their “friend.tech X” account on August 28th, stated that users who migrated to forks and copies of the platform would no longer earn “Points” and would forfeit any existing points earned…

TL;DR Breakdown Since the onset of Blur, the NFT marketplace that gave OpenSea a run for its money, the protocol has been under a series of controversial questions- here are the answers. Evidence points to Blur being owned and sponsored by Amber Group, the crypto’s version of Vanguard with headquarters in Hong Kong. Is crypto truly decentralized, or has a cartel taken over the workings of digital assets? Description Are you still keeping up with Blur – the NFT marketplace that overthrew OpenSea? Well, here’s a new twist if you haven’t been paying attention. Blur could be run by the top VCs in the crypto space. What does that mean for regular crypto investors? Were they conned into the “next big project” once again? … Read more Are you still keeping up with Blur – the NFT marketplace that overthrew OpenSea? Well, here’s a new twist if you haven’t been paying attention. Blur could be run by the top VCs in the crypto space. What does that mean for regular crypto investors? Were they conned into the “next big project”…

TL;DR Breakdown The DOJ has urged the court to bar SBF’s expert witnesses from testifying in the ongoing legal battle. Defense and prosecutors lock horns over testimony admissibility. Description As the trial of FTX founder Sam Bankman-Fried approaches, a legal tug-of-war over proposed witnesses has emerged between the defense and the Department of Justice (DOJ). Both parties have submitted their views on why certain witnesses should be disqualified from testifying, shedding light on the strategies they intend to employ in the upcoming trial involving … Read more As the trial of FTX founder Sam Bankman-Fried approaches, a legal tug-of-war over proposed witnesses has emerged between the defense and the Department of Justice (DOJ). Both parties have submitted their views on why certain witnesses should be disqualified from testifying, shedding light on the strategies they intend to employ in the upcoming trial involving fraud and conspiracy charges. DOJ wants SBF’s witnesses barred from testifying Bankman-Fried’s defense team has raised concerns about the financial analysis expert put forth by the DOJ. They argue that the proposed testimony might not be permissible under…

TL;DR Breakdown CoinSwitch, an Indian cryptocurrency exchange, has laid off 44 customer support staff, making up about 7% of its total workforce, due to a significant decrease in customer queries. The layoffs follow a similar trend in the crypto industry, with another Indian crypto exchange, CoinDCX, recently laying off 12% of its workforce, citing a prolonged bear market and tax implications. Despite the downsizing, CoinSwitch remains optimistic about rehiring affected employees for future roles, suggesting that the layoffs are a response to broader market conditions rather than company-specific issues. Description CoinSwitch, an Indian cryptocurrency exchange, laid off 44 employees from its customer support team, constituting approximately 7% of its total workforce. The company cited a significant reduction in customer queries and a broader slump in the cryptocurrency market as the primary reasons for the downsizing. Indian crypto exchange CoinSwitch cuts support team in response to … Read more CoinSwitch, an Indian cryptocurrency exchange, laid off 44 employees from its customer support team, constituting approximately 7% of its total workforce. The company cited a significant reduction in customer queries and a…