TL;DR Breakdown Srettha Thavisin renowned for his past role as the President and CEO of Sansiri, a prominent real estate development firm in Thailand, also boasts a connection to the cryptocurrency realm. An intriguing facet of Sansiri’s involvement in the crypto domain dates back to 2021 when it participated in a substantial fundraising round amounting to $225 million for XSpring Capital, a cryptocurrency-friendly investment management entity. Description On August 22, Thailand’s parliament made a significant decision by electing real estate mogul Srettha Thavisin as the forthcoming prime minister of the nation. Thavisin, renowned for his past role as the President and CEO of Sansiri, a prominent real estate development firm in Thailand, also boasts a connection to the cryptocurrency realm. Srettha Thavisin, … Read more On August 22, Thailand’s parliament made a significant decision by electing real estate mogul Srettha Thavisin as the forthcoming prime minister of the nation. Thavisin, renowned for his past role as the President and CEO of Sansiri, a prominent real estate development firm in Thailand, also boasts a connection to the cryptocurrency realm. Srettha Thavisin,…

TL;DR Breakdown GenZ investors in South Korea are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin (BTC) and Ethereum (ETH). The report revealed that a substantial 82.5% of investors in their 20s allocated their funds to altcoins, excluding Ethereum. Description A recent report from a local South Korean news outlet has highlighted an interesting trend among cryptocurrency investors from Generation Z (GenZ) in South Korea. According to News1 Korea, GenZ investors in the country are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin … Read more A recent report from a local South Korean news outlet has highlighted an interesting trend among cryptocurrency investors from Generation Z (GenZ) in South Korea. According to News1 Korea, GenZ investors in the country are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin (BTC) and Ethereum (ETH). The analysis conducted by News1 Korea focused on investment data from…

TL;DR Breakdown Scroll Foundation has formed a strategic alliance with Chainlink Labs to enhance Ethereum’s growth. As part of the collaboration, Scroll will join Chainlink’s SCALE initiative to improve Ethereum programming’s efficiency and user experience. Chainlink’s SCALE program is recognised in the industry for providing L1s and L2s with premium oracle services. Description Scroll Foundation has announced a strategic partnership with Chainlink Labs. This collaboration aims to bolster Ethereum‘s growth, with Scroll joining Chainlink’s SCALE initiative.  Scroll Foundation, known for its zkRollup built on the zkEVM virtual machine, is a formidable rival to Ethereum. Hence, this alliance with Chainlink Labs is set to reshape the landscape. The collaboration’s … Read more Scroll Foundation has announced a strategic partnership with Chainlink Labs. This collaboration aims to bolster Ethereum‘s growth, with Scroll joining Chainlink’s SCALE initiative.  Scroll Foundation, known for its zkRollup built on the zkEVM virtual machine, is a formidable rival to Ethereum. Hence, this alliance with Chainlink Labs is set to reshape the landscape. The collaboration’s core principle revolves around Scroll’s participation in Chainlink’s SCALE initiative.  According to Scroll’s official…

TL;DR Breakdown The Reserve Bank of Australia (RBA) has stated that introducing a central bank digital currency (CBDC) is still years away. The RBA report also raised a cautionary note, stating that certain test cases from the pilot project illuminated uncertainties surrounding the integration of CBDC. Description The Reserve Bank of Australia (RBA) has stated that the possibility of introducing a central bank digital currency (CBDC) is still years away. The announcement follows the conclusion of a pilot investigation conducted by RBA in collaboration with the Digital Finance Cooperative Research Centre.  In a report published today, both entities outlined that the study … Read more The Reserve Bank of Australia (RBA) has stated that the possibility of introducing a central bank digital currency (CBDC) is still years away. The announcement follows the conclusion of a pilot investigation conducted by RBA in collaboration with the Digital Finance Cooperative Research Centre.  In a report published today, both entities outlined that the study has highlighted various legal, regulatory, technical, and operational challenges linked to an Australian CBDC. These challenges have been deemed worthy…

TL;DR Breakdown The US and Russia are experiencing heightened geopolitical tensions, impacting businesses like Binance. Binance’s P2P functionality allegedly enabled Russians to transfer an average of $428 million monthly, raising questions about undermining US sanctions. The exchange denies the allegations, emphasizing its adherence to global sanctions rules and distancing itself from the P2P financial associations. Description Amid escalating geopolitical tensions between the United States and Russia, Binance, the world’s leading cryptocurrency exchange regarding trading volume, could face legal troubles. The Wall Street Journal has alleged that the exchange facilitated illicit money transfers by Russian users, potentially violating US sanctions targeting Russia’s economy as a response to its military activities in Ukraine. … Read more Amid escalating geopolitical tensions between the United States and Russia, Binance, the world’s leading cryptocurrency exchange regarding trading volume, could face legal troubles. The Wall Street Journal has alleged that the exchange facilitated illicit money transfers by Russian users, potentially violating US sanctions targeting Russia’s economy as a response to its military activities in Ukraine. Binance‘s peer-to-peer (P2P) functionality reportedly allowed Russians to transfer an average…

TL;DR Breakdown Binance.US partnered with MoonPay to enable USD transactions through Tether (USDT) after banking partner issues. The collaboration allows users to exchange dollars for USDT, supporting purchases via debit, credit cards, and mobile payment options.   Description Binance.US, after transitioning to a crypto-only platform two months ago, has announced a partnership with crypto payments firm MoonPay. This collaboration will allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform, effectively reintroducing USD transactions. The partnership with MoonPay provides a path for users to transact in USD, adopting … Read more Binance.US, after transitioning to a crypto-only platform two months ago, has announced a partnership with crypto payments firm MoonPay. This collaboration will allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform, effectively reintroducing USD transactions. The partnership with MoonPay provides a path for users to transact in USD, adopting USDT as the new “base asset” for all transactions. Today, we’re excited to introduce a new $USD on-ramp! ✔️ Buy $USDT on https://t.co/AZwoBOgsqS through payment partners like @moonpay, which…

TL;DR Breakdown Singapore experienced a further decrease in core inflation, dropping to 3.8 percent year-on-year in July, which marks the lowest point over a year. For the entirety of 2023, it is anticipated that headline inflation will average between 4.5-5.5%, while core inflation is expected to fall within the 3.5-4.5% range. Description Singapore experienced a further decrease in core inflation, dropping to 3.8 percent year-on-year in July, which marks the lowest point over a year. The decrease from June’s 4.2 percent can be attributed to a reduced rise in food expenses and a decline in electricity and gas charges. The Ministry of Trade and Industry (MTI) and … Read more Singapore experienced a further decrease in core inflation, dropping to 3.8 percent year-on-year in July, which marks the lowest point over a year. The decrease from June’s 4.2 percent can be attributed to a reduced rise in food expenses and a decline in electricity and gas charges. The Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) announced this today, explaining the factors behind the decline….

TL;DR Breakdown EDX Markets chose Anchorage Digital as the custody provider for its new clearinghouse business, EDX Clearing. Anchorage Digital will offer a secure and regulated infrastructure, aligning with traditional finance to enhance crypto trading. The partnership reflects a growing trend to bridge traditional finance and crypto with backing from major financial firms. Description Institutional crypto exchange EDX Markets has chosen Anchorage Digital, a regulated crypto platform, to serve as the custody provider for its new clearinghouse business, EDX Clearing, set to launch later this year. However, the partnership aims to bring traditional finance market structures to the digital asset ecosystem, with Anchorage Digital providing a secure and regulated … Read more Institutional crypto exchange EDX Markets has chosen Anchorage Digital, a regulated crypto platform, to serve as the custody provider for its new clearinghouse business, EDX Clearing, set to launch later this year. However, the partnership aims to bring traditional finance market structures to the digital asset ecosystem, with Anchorage Digital providing a secure and regulated infrastructure. Jamil Nazarali, CEO of EDX, expressed confidence in the partnership, highlighting Anchorage…

TL;DR Breakdown Pension funds and conventional investors are providing funds to a brokerage firm, assisting hedge funds in making more substantial investments in cryptocurrency assets. Pension funds are entering the crypto space, showcasing the latest trend among pension funds to explore avenues for enhancing their returns. Description Pension funds and conventional investors are providing funds to a brokerage firm, assisting hedge funds in making more substantial investments in cryptocurrency assets. Among the supporters of Hidden Road, a crypto prime broker, are retirement schemes, including that of Lockheed Martin, a US defense contractor. This financial backing, usually sourced from banks in conventional markets, … Read more Pension funds and conventional investors are providing funds to a brokerage firm, assisting hedge funds in making more substantial investments in cryptocurrency assets. Among the supporters of Hidden Road, a crypto prime broker, are retirement schemes, including that of Lockheed Martin, a US defense contractor. This financial backing, usually sourced from banks in conventional markets, is now being extended by these banks. Bridging traditional investments and crypto Hidden Road, headquartered in London, garnered a $50…

TL;DR Breakdown BlockFi is contesting claims from FTX and Three Arrows Capital, which are undergoing bankruptcy. BlockFi has positioned itself as a victim, asserting that FTX doesn’t have the right to recover over $5 billion. Due to the lawsuit against FTX, 3AC, and other crypto firms, there’s potential jeopardy to $1 billion in client refunds. Description BlockFi, the beleaguered cryptocurrency lender, is pushing back against FTX and Three Arrows Capital (3AC). FTX and 3AC, facing bankruptcy themselves, strive to recover vast sums to satisfy their creditors. However, BlockFi’s recent court declaration paints a different picture. On Monday, BlockFi asserted its stance as a victim of the FTX platform. They argue that … Read more BlockFi, the beleaguered cryptocurrency lender, is pushing back against FTX and Three Arrows Capital (3AC). FTX and 3AC, facing bankruptcy themselves, strive to recover vast sums to satisfy their creditors. However, BlockFi’s recent court declaration paints a different picture. On Monday, BlockFi asserted its stance as a victim of the FTX platform. They argue that FTX needs more authority to reclaim over $5 billion. Moreover, BlockFi…