TL;DR Breakdown The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). According to Coinbase’s official announcement, the suspension of trading for these assets is slated to commence on September 7, which gives stakeholders approximately two weeks to adapt to the changes.  Description In a surprising and unanticipated maneuver, Coinbase Assets, a prominent player in the cryptocurrency exchange landscape, has revealed its decision to temporarily suspend trading for six specific cryptocurrency assets, starting from September 6, 2023, at 9 AM PT. The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain … Read more In a surprising and unanticipated maneuver, Coinbase Assets, a prominent player in the cryptocurrency exchange landscape, has revealed its decision to temporarily suspend trading for six specific cryptocurrency assets, starting from September 6, 2023, at 9 AM PT. The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). This development marks a significant…

TL;DR Breakdown Coin Center argues that the evidence doesn’t conclusively prove any money-transmission-related crimes. Peter Van Valkenburgh emphasizes that Tornado Cash provides software for money transmission, not the actual money. Valkenburgh believes the indictment contradicts FinCEN’s guidance. Description On August 23, the U.S. Office of Foreign Asset Control (OFAC) made headlines. They accused Roman Storm and Roman Semenov of conspiring to operate an unauthorized money-transmitting enterprise. However, Coin Center, a prominent cryptocurrency advocacy organization, has since voiced its concerns. They argue that the evidence presented doesn’t conclusively prove any money-transmission-related crimes. Coin Center’s … Read more On August 23, the U.S. Office of Foreign Asset Control (OFAC) made headlines. They accused Roman Storm and Roman Semenov of conspiring to operate an unauthorized money-transmitting enterprise. However, Coin Center, a prominent cryptocurrency advocacy organization, has since voiced its concerns. They argue that the evidence presented doesn’t conclusively prove any money-transmission-related crimes. Coin Center’s research director, Peter Van Valkenburgh, has been particularly vocal. In a recent opinion piece, he emphasized that Tornado Cash merely offers software for money transmission. Significantly, it doesn’t provide…

TL;DR Breakdown China launches the Hangzhou Data Exchange, a blockchain-powered platform, aiming to revolutionize enterprise Web3 data trading with major tech giants on board. While Hangzhou’s digital economy thrives, China’s broader blockchain initiatives showcase a mix of successes and ongoing challenges, emphasizing the nation’s commitment to digital innovation. Description Hangzhou, China – In a groundbreaking move, China has launched a state-of-the-art data exchange powered by blockchain technology. This monumental step, announced during the 2023 Hangzhou Summit, promises to revolutionize the way enterprises buy and sell Web3 data. With over 300 enterprises on board, including tech giants Alibaba Cloud and Huawei, the Hangzhou Data Exchange … Read more Hangzhou, China – In a groundbreaking move, China has launched a state-of-the-art data exchange powered by blockchain technology. This monumental step, announced during the 2023 Hangzhou Summit, promises to revolutionize the way enterprises buy and sell Web3 data. With over 300 enterprises on board, including tech giants Alibaba Cloud and Huawei, the Hangzhou Data Exchange is poised to become a significant player in the global data market. Contents hide 1 The rise of…

TL;DR Breakdown Binance Labs has strategically partnered with Pendle Finance, emphasizing the importance of yield tokenization in the growing DeFi sector. Pendle’s unique model allows users to tokenize yield, offering impressive annual fixed yields, with Binance Labs seeing this as a pivotal evolution in decentralized finance. Description In a groundbreaking move, Binance Labs, the venture arm of the global cryptocurrency giant Binance, has announced a strategic partnership with Pendle Finance. This collaboration is set to redefine the decentralized finance (DeFi) landscape, emphasizing the importance of yield tokenization. As the DeFi sector continues to grow, this partnership promises to bring about significant advancements … Read more In a groundbreaking move, Binance Labs, the venture arm of the global cryptocurrency giant Binance, has announced a strategic partnership with Pendle Finance. This collaboration is set to redefine the decentralized finance (DeFi) landscape, emphasizing the importance of yield tokenization. As the DeFi sector continues to grow, this partnership promises to bring about significant advancements in the way yield is tokenized and accessed by users worldwide. Contents hide 1 Binance Labs: Venturing deeper into the…

TL;DR Breakdown Bitstamp will end ether (ETH) staking for US-based customers on September 25, 2023, with all staked assets to be unstaked and rewards credited to users’ main accounts. The decision comes in light of the US SEC’s scrutiny of staking services, classifying them as investment contracts under the Howey test, leading to increased regulatory challenges for crypto exchanges. Description In a recent development that underscores the evolving landscape of cryptocurrency regulations in the United States, Bitstamp, one of the world’s leading cryptocurrency exchanges, has announced that it will cease its ether (ETH) staking services for US-based customers by September 25, 2023. Contents hide 1 Bitstamp’s decision: A closer Look 2 The regulatory landscape and … Read more In a recent development that underscores the evolving landscape of cryptocurrency regulations in the United States, Bitstamp, one of the world’s leading cryptocurrency exchanges, has announced that it will cease its ether (ETH) staking services for US-based customers by September 25, 2023. Contents hide 1 Bitstamp’s decision: A closer Look 2 The regulatory landscape and its implications 3 Other exchanges and their…

TL;DR Breakdown About 50 Russian and CIS clients launched a class action against Atomic Wallet after a $100 million crypto heist. The breach affected over 5,500 accounts; a Ukrainian group may have orchestrated the heist, challenging initial blame on North Korea’s Lazarus Group. Description A group of high-net-worth investors from Russia and the Commonwealth of Independent States has launched a class action against Atomic Wallet following a $100 million heist that has left investors reeling. The legal action is being coordinated by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow firm Destra Legal. Gutbrod, who was … Read more A group of high-net-worth investors from Russia and the Commonwealth of Independent States has launched a class action against Atomic Wallet following a $100 million heist that has left investors reeling. The legal action is being coordinated by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow firm Destra Legal. Gutbrod, who was once a partner at Baker & McKenzie in Moscow for more than 20 years, has stated that a group of lawyers is currently…

TL;DR Breakdown Tornado Cash founders, Semenov and Storm, face legal issues with U.S. authorities. Charges include money laundering and operating an unlicensed money business. Third co-founder, Pertsev, arrested in the Netherlands. Description The crypto landscape just faced a whirlwind of events as founders of the Tornado Cash crypto mixer find themselves neck-deep in legal troubles. With the backdrop of an ever-evolving cryptocurrency ecosystem, such events paint a vivid picture of the challenges and growing pains in the industry. The Charges Laid Bare Roman Semenov, a name now … Read more The crypto landscape just faced a whirlwind of events as founders of the Tornado Cash crypto mixer find themselves neck-deep in legal troubles. With the backdrop of an ever-evolving cryptocurrency ecosystem, such events paint a vivid picture of the challenges and growing pains in the industry. The Charges Laid Bare Roman Semenov, a name now infamous in the crypto community, landed himself on the U.S. Treasury’s Office of Foreign Assets Control (OFAC) notorious list, the Specially Designated Nationals and Blocked Persons (SDN). But he isn’t the only one. His partner…

Description It was a momentous occasion. Leaders of the BRICS nations gathered in Johannesburg, ostensibly signaling a new era in global alliances. With an agenda primarily focused on expanding their influence, the BRICS – Brazil, Russia, India, China, and South Africa – are eyeing an enlargement of their bloc. With the potential inclusion of several new … Read more It was a momentous occasion. Leaders of the BRICS nations gathered in Johannesburg, ostensibly signaling a new era in global alliances. With an agenda primarily focused on expanding their influence, the BRICS – Brazil, Russia, India, China, and South Africa – are eyeing an enlargement of their bloc. With the potential inclusion of several new member nations, the expansion could undoubtedly shift the scales of power. Behind Closed Doors: The Expansion Debate The three-day summit held in Johannesburg became a hotspot for debates and discussions around the bloc’s enlargement. While the initial sentiment seemed to favor the expansion, with numerous countries vying for a seat at the table, not everything went as smoothly as anticipated. Naledi Pandor, South Africa’s foreign minister…

Description The recent wave of data from a string of surveys has painted a rather dim picture of the global business climate. More troublingly, these results have planted seeds of uncertainty concerning central banks’ upcoming decisions on interest rates. Amidst all the economic figures and updates, a resounding sentiment is clear: central banks have a bone … Read more The recent wave of data from a string of surveys has painted a rather dim picture of the global business climate. More troublingly, these results have planted seeds of uncertainty concerning central banks’ upcoming decisions on interest rates. Amidst all the economic figures and updates, a resounding sentiment is clear: central banks have a bone to pick with cryptocurrencies. Central Banks Waver Amidst Economic Instability The last time the UK’s economic activity plummeted was at the beginning of the year. Fast forward a few months, and the preliminary data from the purchasing managers survey isn’t promising. The PMI score, a crucial barometer for business health, dipped from 50.8 to a concerning 47.9 in August. In layman terms, the business world is…

TL;DR Breakdown Solana Pay has integrated with Shopify, allowing millions of businesses to accept payments in USDC, with near “fee-free” transaction costs, significantly lower than traditional credit card fees. The integration opens doors for innovative loyalty programs, such as NFT loyalty tokens, and is part of Shopify’s ongoing embrace of crypto payment options, including previous collaborations with Coinbase Commerce, Strike, and others. Description Solana Pay, a decentralized payment protocol developed by Solana Labs, has made a significant stride by integrating its plug-in with Shopify. This integration allows millions of businesses on Shopify’s platform to accept payments in USDC, the second-largest stablecoin with a market capitalization of $25.9 billion. The decision to start with USDC was strategic, as merchants … Read more Solana Pay, a decentralized payment protocol developed by Solana Labs, has made a significant stride by integrating its plug-in with Shopify. This integration allows millions of businesses on Shopify’s platform to accept payments in USDC, the second-largest stablecoin with a market capitalization of $25.9 billion. The decision to start with USDC was strategic, as merchants are likely more willing…