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The real reason BRICS is letting in the oil giants
TL;DR Breakdown BRICS has strategically invited several oil giants, including Saudi Arabia, the UAE, and Iran. The inclusion is seen as a power move, especially by China and Russia, to challenge Western dominance. Expert Daniela Schwarzer suggests this expansion is an attempt to counter the waning influence of the G7. Description If you’ve been keeping an eye on global economics, you’ll notice that the winds are shifting. BRICS, an economic bloc previously composed of Brazil, Russia, India, China, and South Africa, has just played a significant card. In a move that left geopolitical analysts buzzing, the bloc has widened its embrace to incorporate several oil behemoths. … Read more If you’ve been keeping an eye on global economics, you’ll notice that the winds are shifting. BRICS, an economic bloc previously composed of Brazil, Russia, India, China, and South Africa, has just played a significant card. In a move that left geopolitical analysts buzzing, the bloc has widened its embrace to incorporate several oil behemoths. Power Play: Russia and China’s Strategic Win When BRICS announced their intention to welcome Saudi Arabia,…
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SBF is still fighting to leave prison before trial
TL;DR Breakdown Sam Bankman-Fried (SBF) is fervently battling to be temporarily released from prison to aid in his defense preparation. SBF’s primary defense tools are online documents, which he can’t access in jail. Defense emphasizes his Sixth Amendment right and has requested more frequent meetings with internet access. Description SBF, the brain behind FTX, remains confined behind bars, and the entire legal circus surrounding his situation reeks of both desperation and determination. His defense team, showcasing a relentless vigor, recently placed another plea to allow their client the fundamental right to be part of his defense planning. A Digital Age, An Analog Dilemma Bankman-Fried’s … Read more SBF, the brain behind FTX, remains confined behind bars, and the entire legal circus surrounding his situation reeks of both desperation and determination. His defense team, showcasing a relentless vigor, recently placed another plea to allow their client the fundamental right to be part of his defense planning. A Digital Age, An Analog Dilemma Bankman-Fried’s legal predicament can, to a considerable extent, be pinned on the digital era we’re living in. The man’s…
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XRPL Labs and Xahau Ledger partner to boost XRP retail adoption
TL;DR Breakdown XRPL Labs partners with Xahau Ledger to introduce a smart contract sidechain, aiming to bring the XRP Ledger closer to mainstream retail adoption. The crypto industry increasingly focuses on smart contracts and decentralized applications, making this partnership timely and significant. The Xahau network is expected to be operational by the end of the year, adding to the anticipation within the crypto community. Description In a significant development for the XRP Ledger ecosystem, XRPL Labs has joined forces with Xahau Ledger to introduce a smart contract sidechain. This partnership aims to expand the capabilities of the XRP Ledger and bring it closer to mainstream retail adoption. The announcement comes when the crypto industry increasingly focuses on smart contracts and … Read more In a significant development for the XRP Ledger ecosystem, XRPL Labs has joined forces with Xahau Ledger to introduce a smart contract sidechain. This partnership aims to expand the capabilities of the XRP Ledger and bring it closer to mainstream retail adoption. The announcement comes when the crypto industry increasingly focuses on smart contracts and decentralized applications….
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Hong Kong has some big dreams for web3
TL;DR Breakdown Hong Kong’s Financial Secretary, Paul Chan Mo-po, is championing the potential of Web3 technology. Web3 promises innovations like NFTs, GameFi, and Play-to-Earn gaming, reshaping digital entertainment. Cyberport, a tech hub in Hong Kong, is positioned as a hotbed for Web3 innovations with significant funding and over 180 tech companies. Description Bold ambitions are pulsing through Hong Kong’s tech hubs. Hong Kong’s financial compass, Paul Chan Mo-po, isn’t one to let sleeping dogs lie, especially when the future of the digital realm is unfolding right before our eyes. At the forefront of the digital revolution, Hong Kong stands tall, yearning for what the Web3 era has … Read more Bold ambitions are pulsing through Hong Kong’s tech hubs. Hong Kong’s financial compass, Paul Chan Mo-po, isn’t one to let sleeping dogs lie, especially when the future of the digital realm is unfolding right before our eyes. At the forefront of the digital revolution, Hong Kong stands tall, yearning for what the Web3 era has to offer. The Future of Digital Entertainment: More Than Just Pixels Web3 isn’t just another…
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Turkey’s central bank still on its plan to achieve disinflation in 2024
TL;DR Breakdown The central bank of Turkey has stated that it remains committed to following a strategic plan to establish the conditions for achieving sustainable disinflation in 2024. The central bank’s policy committee declared its intention to tighten the policy rate further “as much as needed in a timely and gradual manner” to mitigate inflation. Description The central bank of Turkey has revealed that it remains committed to following a strategic plan to establish the conditions for achieving sustainable disinflation in 2024. On Monday, the head of the monetary authority stated that they are undertaking measured and resolute measures to achieve this objective. Despite a notable reduction in Turkey’s annual inflation … Read more The central bank of Turkey has revealed that it remains committed to following a strategic plan to establish the conditions for achieving sustainable disinflation in 2024. On Monday, the head of the monetary authority stated that they are undertaking measured and resolute measures to achieve this objective. Despite a notable reduction in Turkey’s annual inflation to around 38.21% in June, it experienced an upward surge to…
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House Financial Services Committee leadership asks Fed to cease undermining stablecoin legislation
TL;DR Breakdown House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Fed Chair, expressing strong criticism of the Fed’s recent moves towards regulating stablecoins. The joint statement alleges that the Fed’s actions indirectly dissuade banks from actively participating in the digital asset landscape. Description House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Chair of the U.S. Federal Reserve, expressing strong criticism of the Fed’s recent moves on advancing legislation geared towards regulating stablecoins. Representative Patrick McHenry, who holds the position of Chairman of the House Financial Services Committee, has collaborated with French Hill, the … Read more House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Chair of the U.S. Federal Reserve, expressing strong criticism of the Fed’s recent moves on advancing legislation geared towards regulating stablecoins. Representative Patrick McHenry, who holds the position of Chairman of the House Financial Services Committee, has collaborated with French Hill, the Chairman of the Digital Assets and Fintech Subcommittee, and Bill Huizenga, the Chairman of the Oversight and Investigations Subcommittee….
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Top crypto tweets of the day – August 28th
Description Contents hide 1 Bitcoin price prediction by ChatGPT 2 Hong Kong-compliant exchange Hashkey to open trading on MATIC and AVAX 3 Ben Armstrong (BitBoy) allegedly fired from Bitboy Crypto 4 Short-term Bitcoin holders are losing big 5 Miner revenue per terahash nearing fresh all-time lows 6 If the Bitcoin ETF gets approved, the price could … Read more Contents hide 1 Bitcoin price prediction by ChatGPT 2 Hong Kong-compliant exchange Hashkey to open trading on MATIC and AVAX 3 Ben Armstrong (BitBoy) allegedly fired from Bitboy Crypto 4 Short-term Bitcoin holders are losing big 5 Miner revenue per terahash nearing fresh all-time lows 6 If the Bitcoin ETF gets approved, the price could reach $185,000, says Tom Lee 7 US gov’t releases 4 million pages of discovery notes after SBF pleads not guilty 8 Balancer protocol may have lost over $2 million in the latest attack 9 The Long-Term Holder cost basis made a new plateau every cycle 10 Oman dabbles into crypto mining 11 Blackrock becomes a majority shareholder in 4 out of the 5 largest bitcoin mining…
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Best Twitter threads of the day – August 28th
Description Top 5 alpha tweets on crypto Hong Kong’s Financial Secretary’s Prediction on Crypto and Web3 U.S. put forward measures for crypto taxation Top 5 alpha tweets on crypto Twitter is an alpha gold mine if you know where to look. I compiled the top 5 alpha tweets I read this week for your convenience.👇 — Miles Deutscher (@milesdeutscher) August 27, 2023 1. Banger post by @CryptoCred on funding rates and how they work. https://t.co/yIcK1AZtv0 — Miles Deutscher (@milesdeutscher) August 27, 2023 2. Great observation regarding the current state of the market. Eloquently sums up how a lot of us are feeling (and why). https://t.co/OQ7o68xWrm — Miles Deutscher (@milesdeutscher) August 27, 2023 3. Very interesting and well-put together thread. Highlights the importance of on-chain wallet tracking. https://t.co/kZCJd9WY2L — Miles Deutscher (@milesdeutscher) August 27, 2023 4. Why thinking in first principles is a crucial skill. https://t.co/KqtKEbPdGB — Miles Deutscher (@milesdeutscher) August 27, 2023 5. Amazing master thread on the top crypto airdrops. https://t.co/4aJFCgSwYR — Miles Deutscher (@milesdeutscher) August 27, 2023 Hong Kong’s Financial Secretary’s Prediction on Crypto and Web3 🚨 BREAKING:…
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Best crypto memes of the day – August 28th
Description gm pic.twitter.com/Igqeq0SCqS — Altcoin Sherpa (@AltcoinSherpa) August 28, 2023 Levels of pain, crypto edition. pic.twitter.com/dIt09QBwQf — The Wolf Of All Streets (@scottmelker) August 28, 2023 #Bitcoin pic.twitter.com/Sog1MG2LxE — naiive (@naiivememe) August 26, 2023 I already told him not to invest in #PEPE#Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity pic.twitter.com/DX1rmbBWCQ — Crypto Memes (@MemesMoneyco) August 28, 2023 Crypto traders know how to bear loss #Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity pic.twitter.com/mQIiPE3CGO — Crypto Memes (@MemesMoneyco) August 28, 2023 #Bitcoin trying to hold Support$BTC $XRP $ETH $SHIB $DOGE $PEPE $ARC $MATIC $BONE #Shibarium #Meme #CryptoMeme #Trading pic.twitter.com/QDV5fbbvEr — Aru Crypto (@AruCrypto0) August 26, 2023 Panic Seller😂#Bitcoin $BTC $XRP $ETH $SHIB $DOGE $ARB $OP $APT $PEPE $ARC $INJ $MATIC $BONE #Shibarium #Meme #CryptoMeme #Trading pic.twitter.com/mlFUfiiPF3 — Aru Crypto (@AruCrypto0) August 18, 2023 Crypto investor can easily relate to this #Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity pic.twitter.com/dk7E80Iqrn — Dollar Monkey (@dollarmonkey_) August 28, 2023 #Bitcoin to the moon #Cryptomeme #Memes…
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1inch Investment Fund’s wallet acquires $10 million in Ethereum
TL;DR Breakdown The 1inch Investment Fund’s wallet recently acquired 6,088 Ethereum, valued at approximately $10 million, drawing attention from market analysts and the crypto community. The wallet has a history of strategic investments in Ethereum, including a series of purchases earlier this year that totaled around $26.8 million, as well as a profitable sale that netted approximately $3.7 million. Description In a transaction that has piqued market analysts’ interest, the 1inch Investment Fund’s wallet recently secured 6,088 Ethereum (ETH), valued at approximately $10 million. This acquisition was detected by Lookonchain, a blockchain analysis platform, and has led to increased scrutiny of the wallet’s activities and potential impact on the broader cryptocurrency market. 1inch Investment Fund … Read more In a transaction that has piqued market analysts’ interest, the 1inch Investment Fund’s wallet recently secured 6,088 Ethereum (ETH), valued at approximately $10 million. This acquisition was detected by Lookonchain, a blockchain analysis platform, and has led to increased scrutiny of the wallet’s activities and potential impact on the broader cryptocurrency market. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH…