TL;DR Breakdown Ben Armstrong, the driving force behind BitBoy Crypto, has left Hit Network/BJ Investment Holdings and its associated brands. Armstrong mentioned an “attempted revolution” within his organization, led by TJ Shedd and Justin Williams, but remains confident in his position. Crypto fraud investigator, ZachXBT, raised questions about Armstrong’s ties to “shady” meme currencies. Description Ben Armstrong, the influential figure behind BitBoy Crypto, has announced his departure from Hit Network/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around The Blockchain. Armstrong confirmed the news on his account, joinBENCoin, and was initially brought to light by Bitcoin blogger Jason A. Williams. Armstrong’s exit comes amid internal turmoil … Read more Ben Armstrong, the influential figure behind BitBoy Crypto, has announced his departure from Hit Network/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around The Blockchain. Armstrong confirmed the news on his account, joinBENCoin, and was initially brought to light by Bitcoin blogger Jason A. Williams. Armstrong’s exit comes amid internal turmoil within his organization. He revealed an “attempted revolution” led by TJ Shedd…

TL;DR Breakdown Sam Bankman-Fried’s legal team has objected to the court’s plan to provide discovery materials. Cochran believes the extensive evidence could expose all questionable activities linked to SBF and his crypto firm, FTX. The legal team is concerned about the 4 million pages of evidence and the tight timeline set by the court. Description Adam Cochran, the founder of venture capital firm Cinneamhain Ventures (CEHV), has taken to Twitter to criticize the legal team of Sam Bankman-Fried (SBF), founder of crypto firm FTX. The lawyers had objected to the court’s current plan to provide SBF with discovery materials, calling it “plainly inadequate” and stating that it violates Fried’s Sixth … Read more Adam Cochran, the founder of venture capital firm Cinneamhain Ventures (CEHV), has taken to Twitter to criticize the legal team of Sam Bankman-Fried (SBF), founder of crypto firm FTX. The lawyers had objected to the court’s current plan to provide SBF with discovery materials, calling it “plainly inadequate” and stating that it violates Fried’s Sixth Amendment rights. Cochran’s public remarks starkly contrast the legal team’s plea for…

Description As Prime Minister Narendra Modi celebrated India’s remarkable strides in space with its moon landing, another massive leap was taking place closer to home: the finance sector. India is not just evolving, it’s rocketing ahead with audacious reforms that might just reshape the global financial landscape. From cash-reliant chaos to digital dynamo Decades ago, India’s … Read more As Prime Minister Narendra Modi celebrated India’s remarkable strides in space with its moon landing, another massive leap was taking place closer to home: the finance sector. India is not just evolving, it’s rocketing ahead with audacious reforms that might just reshape the global financial landscape. From cash-reliant chaos to digital dynamo Decades ago, India’s financial system was laughably archaic. It was a playground for fraudsters, tax evaders, and bribe-takers, thanks to a cash-reliant model. But Modi wasn’t having any of it. The audacious 2016 move to yank high-value notes from circulation was a firecracker decision. Sure, it was disruptive and chaotic, but sometimes you need to shake the tree to get rid of the bad apples. Coupled with the advent…

TL;DR Breakdown PM Modi advocates for a unified, global approach to cryptocurrency regulations, likening the need to global standards in the aviation sector. During India’s G20 presidency, the conversation around cryptocurrencies expanded beyond financial stability, emphasizing their wider macroeconomic impact. Description In a recent interaction highlighting the accelerated growth of technology, Prime Minister Narendra Modi of India emphasized the significance of globally harmonizing advancements, particularly in the realm of cryptocurrencies. His call for a unified approach to regulations underscores the need for a global consensus, drawing parallels from the aviation industry. As India takes the helm … Read more In a recent interaction highlighting the accelerated growth of technology, Prime Minister Narendra Modi of India emphasized the significance of globally harmonizing advancements, particularly in the realm of cryptocurrencies. His call for a unified approach to regulations underscores the need for a global consensus, drawing parallels from the aviation industry. As India takes the helm of the G20 presidency, the discourse on cryptocurrencies has evolved, emphasizing not just financial stability but also the broader implications of these digital assets. Contents hide…

TL;DR Breakdown The daily trading volume on Friend.Tech has decreased by 94% from its all-time high, while the number of daily traders has fallen by 83%.  Friend.Tech network fees dropped from $1.7 million on August 21 to $95,000 on August 27. The collapse of Friend.Tech has left a bitter taste performance on Coinbase’s Base Network. Description The latest craze in the crypto world, Friend.Tech, is facing a significant issue with the presence of automated bots and speculative games. These bots are capable of manipulating the platform, affecting its integrity and fairness. Automated bot activity can manipulate trading volumes, prices, and other market-related metrics. Blink, and you will most probably miss the … Read more The latest craze in the crypto world, Friend.Tech, is facing a significant issue with the presence of automated bots and speculative games. These bots are capable of manipulating the platform, affecting its integrity and fairness. Automated bot activity can manipulate trading volumes, prices, and other market-related metrics. Blink, and you will most probably miss the latest crypto fad. Critics have quickly labeled the decentralized social network…

TL;DR Breakdown Cristiano Ronaldo undergoes a lie detector test by Binance, creating a buzz and leading to speculations about its intent. The test follows Ronaldo’s recent launch of his NFT collection on Binance and raises questions about the future of celebrity endorsements in the tech era. Description In an unprecedented move, Binance, the world-renowned cryptocurrency exchange, recently subjected its football ambassador and NFT creator, Cristiano Ronaldo, to a lie detector test. The event has since sent ripples across the crypto and sports communities, sparking a myriad of reactions and speculations. Contents hide 1 Ronaldo’s tweet ignites curiosity 2 The purpose behind the … Read more In an unprecedented move, Binance, the world-renowned cryptocurrency exchange, recently subjected its football ambassador and NFT creator, Cristiano Ronaldo, to a lie detector test. The event has since sent ripples across the crypto and sports communities, sparking a myriad of reactions and speculations. Contents hide 1 Ronaldo’s tweet ignites curiosity 2 The purpose behind the unconventional test 3 Publicity stunt or A glimpse into the future? 4 Conclusion Ronaldo’s tweet ignites curiosity Cristiano Ronaldo, the…

TL;DR Breakdown Shytoshi Kusama announced the official launch of Shibarium, a layer-2 scaling solution for the Shiba Inu blockchain. Even before its official announcement, Shibarium had over 65,000 wallets and processed 350,000 transactions. Shibarium has a specific token withdrawal process, with varying clearance times, ensuring security. Description Shytoshi Kusama, the lead developer of Shiba Inu, recently announced that Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is officially live and “ready for prime time.” This announcement marks a significant milestone in the Shiba Inu ecosystem, as Shibarium aims to address scalability issues and enhance the overall user experience. Kusama acknowledged … Read more Shytoshi Kusama, the lead developer of Shiba Inu, recently announced that Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is officially live and “ready for prime time.” This announcement marks a significant milestone in the Shiba Inu ecosystem, as Shibarium aims to address scalability issues and enhance the overall user experience. Kusama acknowledged the Polygon team’s and other collaborators’ contributions in bringing Shibarium to fruition. The decision to fork Polygon for this layer-2…

TL;DR Breakdown A significant data breach at Kroll has led to new phishing attacks on FTX users, with the breach method revealed to be a SIM swap on an employee’s account. Users are urged to enhance their digital security, stay informed, and remain vigilant against potential cyber threats. Description In a recent development that has sent shockwaves through the cryptocurrency community, Changpeng ‘CZ’ Zhao, the CEO of Binance, one of the world’s leading crypto exchanges, has issued a stark warning to users of the now-defunct FTX platform. The alert pertains to a new wave of phishing attacks that have been unleashed in the wake … Read more In a recent development that has sent shockwaves through the cryptocurrency community, Changpeng ‘CZ’ Zhao, the CEO of Binance, one of the world’s leading crypto exchanges, has issued a stark warning to users of the now-defunct FTX platform. The alert pertains to a new wave of phishing attacks that have been unleashed in the wake of a significant data leak from Kroll, FTX’s bankruptcy case claims agent. Contents hide 1 The Kroll data…

TL;DR Breakdown Oman is on a development goal to be the leading crypto hub in MENA and Islamic crypto-adopting nations. The Omani government unveiled its investment of approximately $800 million in cryptocurrency mining endeavors this far in August 2023. Some Islamic scholars are in a debate on what the Sharia Law says about crypto investments. Islamic financial principles, as defined by Sharia law, guide financial instruments’ permissibility (halal) or prohibition (haram). While theological discussions persist, data reveals that Muslim nations have prominently embraced crypto, especially MENA. Description This month, the government of Oman, located on the southeastern border of the Arabian Peninsula, significantly expanded its involvement in the world of digital currencies. This action is part of Oman’s larger ambition to become a leading digital force in the increasingly competitive West Asian region. The West Asian country is pursuing a strategy to … Read more This month, the government of Oman, located on the southeastern border of the Arabian Peninsula, significantly expanded its involvement in the world of digital currencies. This action is part of Oman’s larger ambition to become…

TL;DR Breakdown The upcoming U.S. jobs data is crucial for investors monitoring the economy’s health. Economists predict about 170,000 non-farm payrolls added in August. This growth, albeit slow, is enough to accommodate most new job market entrants. Description Anticipation is high, and the stakes even higher. Investors around the globe have their sights set on the latest job figures from the U.S., and it’s not just about the numbers. It’s about the implications those numbers have for the world’s premier economy, especially when whispers of a “soft landing” hang in the air. Reading … Read more Anticipation is high, and the stakes even higher. Investors around the globe have their sights set on the latest job figures from the U.S., and it’s not just about the numbers. It’s about the implications those numbers have for the world’s premier economy, especially when whispers of a “soft landing” hang in the air. Reading Between the Lines of Job Creation The murmur among economists suggests we’re looking at a month of steady job creation. Projections hint at around 170,000 non-farm payrolls added in…