TL;DR Breakdown Unstoppable Domains introduces encrypted messaging for Web3 usernames. Messaging extends crypto username use beyond just payments. Built on the XMTP protocol, ensuring encrypted, long-lasting messages. Description Gone are the days when crypto was simply about trading, buying, or storing digital coins. The crypto world is evolving, and companies like Unstoppable Domains are leading the way. The latest introduction from the firm? An encrypted messaging system tailored for crypto users with Web3 usernames, bridging a gap that many hadn’t even realized existed. … Read more Gone are the days when crypto was simply about trading, buying, or storing digital coins. The crypto world is evolving, and companies like Unstoppable Domains are leading the way. The latest introduction from the firm? An encrypted messaging system tailored for crypto users with Web3 usernames, bridging a gap that many hadn’t even realized existed. Broadening the Crypto Horizon: Beyond Just Payments Web3 usernames are no newbies in the digital space. Since 2017, crypto enthusiasts have benefited from these usernames, making the arduous task of remembering long alphanumeric crypto addresses a thing of the…

TL;DR Breakdown FBI identifies six Bitcoin wallets linked to North Korean hackers, suspected to hold $40 million in stolen crypto. The FBI urges caution as stolen funds may be sold, calling for monitoring of blockchain data related to flagged addresses Description The FBI has identified six Bitcoin wallets believed to be connected to North Korean hacking groups Lazarus Group and APT38. These wallets are suspected to hold more than $40 million in stolen cryptocurrency. The funds are thought to have been taken from a series of high-profile hacks, including a $60 million theft from payment processor … Read more The FBI has identified six Bitcoin wallets believed to be connected to North Korean hacking groups Lazarus Group and APT38. These wallets are suspected to hold more than $40 million in stolen cryptocurrency. The funds are thought to have been taken from a series of high-profile hacks, including a $60 million theft from payment processor Alphapo and a $100 million exploit of Atomic Wallet. The FBI’s findings indicate that the Lazarus Group has been actively moving the stolen Bitcoin. There is…

TL;DR Breakdown Eurozone businesses face significant output and order declines. The anticipated ECB interest rate hike is now uncertain. HCOB index shows a 33-month low, signaling contraction. Description An unsettling cloud of uncertainty hovers over the Eurozone as the business scene faces sharp setbacks, throwing the European Central Bank’s (ECB) anticipated interest rate hike into murky waters. With the core economy metrics going south, one is left wondering whether the ECB will persist with its initial trajectory or pivot to a safer holding … Read more An unsettling cloud of uncertainty hovers over the Eurozone as the business scene faces sharp setbacks, throwing the European Central Bank’s (ECB) anticipated interest rate hike into murky waters. With the core economy metrics going south, one is left wondering whether the ECB will persist with its initial trajectory or pivot to a safer holding pattern. Contents hide 1 A Dive Deeper Than Anticipated 2 Inflation and Economic Vitals 3 Dual Headaches: Services and Manufacturing 4 Will Tourism’s Revival Fizzle Out? A Dive Deeper Than Anticipated The Eurozone’s business sector suffered as both output…

TL;DR Breakdown The U.S. urges China to be transparent about its economic data. Concerns arise as China halts youth unemployment data publication. U.S. national security adviser, Jake Sullivan, stresses the importance of global financial stability. Description It seems the tables have turned. The U.S., in a bold move, is knocking on China’s door, urging transparency regarding the state of its economy. With China holding such a prominent position in the global economic theater, ripples from its slowdown could reverberate, impacting worldwide growth trajectories. U.S. concerned about China’s transparency Jake Sullivan, the … Read more It seems the tables have turned. The U.S., in a bold move, is knocking on China’s door, urging transparency regarding the state of its economy. With China holding such a prominent position in the global economic theater, ripples from its slowdown could reverberate, impacting worldwide growth trajectories. U.S. concerned about China’s transparency Jake Sullivan, the U.S. national security adviser, didn’t mince words. He voiced clear concern about Beijing’s recent decisions to halt the release of data about its swelling youth unemployment and its clampdown on corporate…

TL;DR Breakdown Critics challenge the U.S. dollar’s dominance, with BRICS pushing for local currency lending. Discontent arises from potential risks like sanctions and the dollar’s value fluctuations. Despite challenges, the dollar’s strength is maintained by network effects, U.S. capital markets, and legal reliability. Description Critics have long jeered at the towering might of the greenback, but it’s not going anywhere soon. Although the U.S. dollar’s supremacy was put under the spotlight decades ago, today, the BRICS nations are leveraging geopolitical shifts to challenge its hold. The BRICS development bank pushes a compelling narrative: a lending system grounded in local … Read more Critics have long jeered at the towering might of the greenback, but it’s not going anywhere soon. Although the U.S. dollar’s supremacy was put under the spotlight decades ago, today, the BRICS nations are leveraging geopolitical shifts to challenge its hold. The BRICS development bank pushes a compelling narrative: a lending system grounded in local currencies. A bid, it seems, to step away from the imposing shadow of the U.S.-centered financial system. The Underlying Dissatisfaction with the Dollar…

TL;DR Breakdown UK’s economic health survey indicates a downturn. Rising interest rates are reducing consumer and business demand. PMI in August dropped below the crucial 50 mark, signaling economic contraction. Description The UK’s hopes for economic resilience continue to shatter as alarming indicators roll in. An influential economic health survey brings bleak news, signaling a downturn. Just when we thought there might be some semblance of economic recovery, the data hammers home a different reality. High-Interest Rates Dampen Economic Spirits The rising interest rates, which one … Read more The UK’s hopes for economic resilience continue to shatter as alarming indicators roll in. An influential economic health survey brings bleak news, signaling a downturn. Just when we thought there might be some semblance of economic recovery, the data hammers home a different reality. High-Interest Rates Dampen Economic Spirits The rising interest rates, which one could argue were already higher than needed, have kneecapped consumer and business demand. This has been further echoed by the dramatic drop in the UK composite purchasing managers’ index (PMI). It’s an index that many turn…

TL;DR Breakdown Aditya Baradwaj unveils SBF’s duplicitous activities inside the hidden world of Alameda. Grand visions of vaccine factories and political plays crumbled, leaving stakeholders devastated. SBF now languishes in MDC, far from his former crypto throne. Description You know, just when you think you’ve heard it all, a new revelation emerges to turn things upside down. The world of cryptocurrency, a sphere often colored by big promises and even bigger egos, is in the bad kind of spotlight, thanks to the criminal Samuel Bankman-Fried. And not just for his failed company or … Read more You know, just when you think you’ve heard it all, a new revelation emerges to turn things upside down. The world of cryptocurrency, a sphere often colored by big promises and even bigger egos, is in the bad kind of spotlight, thanks to the criminal Samuel Bankman-Fried. And not just for his failed company or the fact that he is in jail having the worst time of his life right now, but for what’s being hinted at as a long series of dodgy undertakings….

TL;DR Breakdown Maple Finance has announced that it is making inroads into Asia after completing an investment round. The company is eyeing evolution in a dynamic crypto landscape. Description Maple Finance, a blockchain-based credit marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, and Veris Ventures, among others. Notably, existing investors including Maven 11 … Read more Maple Finance, a blockchain-based credit marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, and Veris Ventures, among others. Notably, existing investors including Maven 11 and Framework Ventures also increased their capital commitment. Maple Finance secures $5 million in investment CEO Sidney Powell expressed the significance of this funding round, highlighting that it marks a pivotal moment in Maple Finance’s journey as it…

TL;DR Breakdown The Reserve Bank of Australia has revealed the key findings of its recently completed CBDC pilot test. Navigating legal and regulatory hurdles in CBDC implementation Description Australia’s journey towards a central bank digital currency (CBDC) has taken a significant step forward as the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), concluded its pilot program. The initiative explored the potential of introducing a digital version of the Australian Dollar (e-AUD) and shed light on … Read more Australia’s journey towards a central bank digital currency (CBDC) has taken a significant step forward as the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), concluded its pilot program. The initiative explored the potential of introducing a digital version of the Australian Dollar (e-AUD) and shed light on various use cases where a CBDC could provide substantial benefits. Highlights of the areas that the CBDC could enhance In an insightful report released on August 23rd, the Australian bank and DFCRC revealed their findings, which highlighted the versatile…

Description Numerous cryptocurrency wallets exist only as browser-only plugins, which lack compatibility with the demands of modern mobile lifestyles. However, requiring users to be stationed at a computer, and installing a specific browser to access a wallet, would introduce significant inconvenience. In addition, the evolution of wallets is inevitably geared toward widespread adoption, necessitating a user … Read more Numerous cryptocurrency wallets exist only as browser-only plugins, which lack compatibility with the demands of modern mobile lifestyles. However, requiring users to be stationed at a computer, and installing a specific browser to access a wallet, would introduce significant inconvenience. In addition, the evolution of wallets is inevitably geared toward widespread adoption, necessitating a user experience that rivals or even surpasses that of Web2 products. Furthermore, intelligent wallets should harness cryptographic methods to establish the credibility of transactions on blockchain networks. AstroX ME envisions a redefinition of wallets, emphasizing security and transactional ease. The AstroX ME wallet represents a multi-chain smart wallet fortified by cutting-edge cryptography, delivering a seamless interactive encounter reminiscent of Web2 applications.  The ME wallet employs biometric technologies…