Description The latest buzz in international politics centers around the U.S. Commerce Secretary Gina Raimondo’s recent trip to Beijing. Intending to bridge the widening gaps between the two economic behemoths, Raimondo’s mission could be summarized as: “Defend the non-negotiable, foster growth where possible.” As she ventured into China’s heartland, she carried with her an agenda grounded … Read more The latest buzz in international politics centers around the U.S. Commerce Secretary Gina Raimondo’s recent trip to Beijing. Intending to bridge the widening gaps between the two economic behemoths, Raimondo’s mission could be summarized as: “Defend the non-negotiable, foster growth where possible.” As she ventured into China’s heartland, she carried with her an agenda grounded in practicality and devoid of naivety. Walking a Diplomatic Tightrope Raimondo’s diplomatic dance isn’t just about shaking hands and making empty promises. The U.S. is toeing a hard line, challenging China’s restrictions on prominent chip company Micron Technology and raising eyebrows over Beijing’s hefty fines on U.S. firm Mintz Group for what has been labeled as “unapproved statistical work.” Upon her arrival, Raimondo was welcomed by…

Description It’s been a whirlwind of a week for the Asian crypto industry. Every time you think the cryptoverse has exhausted its supply of adrenaline-pumping news, Asia steps up to the plate and says, “Hold my beer.” From a Chinese official getting slapped with a life sentence to new explorations in Hong Kong’s digital currency realm, … Read more It’s been a whirlwind of a week for the Asian crypto industry. Every time you think the cryptoverse has exhausted its supply of adrenaline-pumping news, Asia steps up to the plate and says, “Hold my beer.” From a Chinese official getting slapped with a life sentence to new explorations in Hong Kong’s digital currency realm, let’s break it all down. Mainland China: Taking no prisoners in crypto world China’s making sure we remember where the line’s drawn. The China Court Network recently unraveled their stance on illegally acquired virtual currency. Depending on when the offense took place, you could find yourself neck-deep in some serious legal soup. Acquisitions before September 2017? They see your loot as property under criminal law. After…

TL;DR Breakdown South Africa and China align on BRICS expansion, despite differing global perspectives. The 2023 BRICS Summit in Johannesburg highlights the bloc’s growing global influence. Expansion isn’t just about adding members, but reshaping the alliance’s purpose. China uses the summit to expand its influence in Africa, showing intricate geopolitics. Description South Africa’s position on the BRICS enlargement is clear: expansion is on the horizon, and China is on board with it. While many associate the BRICS as a symbol of the growing power of emerging markets, the potential extension of its membership remains a hotly debated topic. As leaders converge on Johannesburg for the BRICS … Read more South Africa’s position on the BRICS enlargement is clear: expansion is on the horizon, and China is on board with it. While many associate the BRICS as a symbol of the growing power of emerging markets, the potential extension of its membership remains a hotly debated topic. As leaders converge on Johannesburg for the BRICS Summit of 2023, South Africa’s stance and alignment with China further complicate this discourse. It’s not…

TL;DR Breakdown BRICS added six countries, reshaping global economic dynamics. The expansion may influence a shift from US dollar transactions in oil sales. Xi Jinping missed a key speech, while Putin attended virtually. Description A critical global spotlight was set on the BRICS 2023 Summit. The key players in the bloc made decisions that may shake the very core of the geopolitical arena. And if you weren’t paying attention, you might just miss out on understanding the future landscape of our global order. From unexpected memberships to suspicious absences, … Read more A critical global spotlight was set on the BRICS 2023 Summit. The key players in the bloc made decisions that may shake the very core of the geopolitical arena. And if you weren’t paying attention, you might just miss out on understanding the future landscape of our global order. From unexpected memberships to suspicious absences, here’s the lowdown. Shaking up the global order with new additions Expanding a bloc isn’t just about adding names to a list—it’s a calculated move, shifting power dynamics and potentially sending shockwaves across…

TL;DR Breakdown Ronaldinho is under scrutiny for an alleged crypto fraud linked to his venture, ’18kRonaldinho’. He failed to attend two congressional hearings, with the reason for one being “adverse weather conditions”. If he misses the next hearing on August 31st, law enforcement may forcibly bring him before the committee. Description The global soccer scene is in turmoil, and this time, it isn’t about a controversial penalty or the usual on-field drama. Ronaldinho, once the crown jewel of teams like Paris Saint-Germain, F.C Barcelona, and AC Milan, finds himself at the center of a storm swirling with allegations, missed appearances, and crypto-related conspiracies. The ghosted congressional … Read more The global soccer scene is in turmoil, and this time, it isn’t about a controversial penalty or the usual on-field drama. Ronaldinho, once the crown jewel of teams like Paris Saint-Germain, F.C Barcelona, and AC Milan, finds himself at the center of a storm swirling with allegations, missed appearances, and crypto-related conspiracies. The ghosted congressional hearings It appears that even the golden foot of Brazil isn’t immune to controversy. On the…

TL;DR Breakdown From Monday, China will witness a 50% reduction in stamp duty on stock transactions, marking the first such decrease since the 2008 global financial crisis. Earlier this month, the CSRC committed to enhancing the vibrancy, efficiency, and attractiveness of the market while maintaining the steady and sound development of the capital market. Description From Monday, China will witness a 50% reduction in stamp duty on stock transactions, marking the first such decrease since the 2008 global financial crisis. This decision is part of the government’s recent efforts to stimulate the economy, responding to its uneven recovery.  The Ministry of Finance and the State Taxation Administration have announced that … Read more From Monday, China will witness a 50% reduction in stamp duty on stock transactions, marking the first such decrease since the 2008 global financial crisis. This decision is part of the government’s recent efforts to stimulate the economy, responding to its uneven recovery.  The Ministry of Finance and the State Taxation Administration have announced that the stamp duty rate of 0.1% on securities transactions will be halved…

TL;DR Breakdown The second-quarter GDP report of Canada is poised to unveil a substantial deceleration in economic expansion. A deceleration in economic growth may temporarily lead the Bank of Canada to halt interest rate hikes. Description The Canadian second-quarter GDP report is poised to unveil a substantial deceleration in economic expansion as of upcoming Friday’s release, as outlined by economists’ forecasts. This abrupt shift in momentum could potentially impact the stance of the Bank of Canada regarding its interest rate elevation strategy despite recent inflation data displaying a consistent upward trajectory.  … Read more The Canadian second-quarter GDP report is poised to unveil a substantial deceleration in economic expansion as of upcoming Friday’s release, as outlined by economists’ forecasts. This abrupt shift in momentum could potentially impact the stance of the Bank of Canada regarding its interest rate elevation strategy despite recent inflation data displaying a consistent upward trajectory.  The projection suggests that the economy will have expanded at a rate of 1.1% during the second quarter, a noteworthy decline from the preceding quarter’s growth rate of 3.1% and falling…

TL;DR Breakdown Paradigm announces the alpha release of Rivet, a free, open-source developer wallet designed for Ethereum Virtual Machine (EVM)-based chains. Rivet aims to solve core issues in Ethereum development, such as syncing with local Ethereum nodes and debugging, by offering advanced features not found in consumer wallets. The wallet integrates with Foundry’s Anvil for deep testing and debugging in decentralized applications (DApps), setting it apart as a potentially indispensable tool for Ethereum developers. Description Paradigm, a leading name in the crypto space, announced the alpha release of Rivet, a free, open-source developer wallet and tools designed for EVM-based chains. However, the wallet aims to revolutionize the frontend development experience and unlock new productivity avenues for developers working on Ethereum projects. Rivet: A developer’s dream come true Rivet is not … Read more Paradigm, a leading name in the crypto space, announced the alpha release of Rivet, a free, open-source developer wallet and tools designed for EVM-based chains. However, the wallet aims to revolutionize the frontend development experience and unlock new productivity avenues for developers working on Ethereum projects. Rivet:…

TL;DR Breakdown A Russian diplomat has confirmed that the newly invited members of the BRICS have accepted the invitation. BRICS members to decide on balance at the next summit. Description The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations … Read more The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations were accepted, affirming the shared desire to enhance collaboration and cooperation within BRICS. Russian diplomat hails the positive start to the expansion Russian Deputy Foreign Minister Sergey Ryabkov, a prominent figure in the summit, revealed that all…

TL;DR Breakdown FTX has suspended some of its user accounts after it discovered a breach involving Kroll. The firm promises to address concerns and uncover phishing threats. Description In the aftermath of the recent cybersecurity breach involving Kroll, a leading cybersecurity firm, FTX, a bankrupt cryptocurrency exchange, has implemented a temporary suspension of user accounts accessing its claims portal. The move comes as a precautionary measure aimed at mitigating potential risks and preventing any further harm stemming from the recent breach. FTX warns … Read more In the aftermath of the recent cybersecurity breach involving Kroll, a leading cybersecurity firm, FTX, a bankrupt cryptocurrency exchange, has implemented a temporary suspension of user accounts accessing its claims portal. The move comes as a precautionary measure aimed at mitigating potential risks and preventing any further harm stemming from the recent breach. FTX warns users against modifying their claims The decision to temporarily suspend impacted user accounts was communicated by FTX on social media platform X (previously known as Twitter). FTX’s proactive stance underscores its commitment to ensuring user data security and preventing…