TL;DR Breakdown Mishaboar hints at possibly stepping away from Dogecoin development if a transition to Proof-of-Stake is pursued, citing concerns over-centralization and the system’s inherent flaws. While Proof-of-Stake offers benefits like energy efficiency, Mishaboar suggests alternative solutions like payment channels might be more aligned with Dogecoin’s objectives. Description In the ever-evolving world of cryptocurrencies, the debate between Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms continues to heat up. The latest to weigh in on this contentious issue is Mishaboar, a top-tier developer and influential figure within the Dogecoin community. His recent statements have shed light on his stance and sparked discussions about the … Read more In the ever-evolving world of cryptocurrencies, the debate between Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms continues to heat up. The latest to weigh in on this contentious issue is Mishaboar, a top-tier developer and influential figure within the Dogecoin community. His recent statements have shed light on his stance and sparked discussions about the future of Dogecoin. Contents hide 1 Mishaboar’s Bold Declaration: A Line in the Sand 2 Evaluating PoS’s Real Benefits…

TL;DR Breakdown Shibarium has shifted to private mode to prioritize user security, undergoing rigorous testing to identify potential vulnerabilities and ensure a seamless user experience upon public relaunch. The platform’s scaling capabilities have seen significant advancements, with collaborations like the Alchemy team resulting in a 1,500% scaling of Shibarium’s operations. Description In the dynamic world of cryptocurrencies, the Shiba Inu Layer 2 blockchain network, Shibarium, has recently made headlines with its decision to operate in private mode. This move, spearheaded by Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, signifies a strategic shift aimed at enhancing the platform’s security and overall user experience. As … Read more In the dynamic world of cryptocurrencies, the Shiba Inu Layer 2 blockchain network, Shibarium, has recently made headlines with its decision to operate in private mode. This move, spearheaded by Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, signifies a strategic shift aimed at enhancing the platform’s security and overall user experience. As the crypto community eagerly anticipates the platform’s public relaunch, we delve deeper into the latest updates…

TL;DR Breakdown Friend.tech, launched in beta on August 11, allows users to tokenize their social network, generating over $1M in fees within a day, outpacing Uniswap and Bitcoin. While the platform’s rapid growth is attributed to its unique monetization model, experts highlight potential challenges, including the rising share prices leading to smaller user groups. Description In a remarkable turn of events, Friend.tech, a newly launched decentralized social (DeSo) network, has outpaced some of the most established players in the cryptocurrency ecosystem. Within just 24 hours on August 19, the platform generated an astonishing $1 million in fees, overshadowing the likes of Uniswap and even the Bitcoin network. Contents hide 1 … Read more In a remarkable turn of events, Friend.tech, a newly launched decentralized social (DeSo) network, has outpaced some of the most established players in the cryptocurrency ecosystem. Within just 24 hours on August 19, the platform generated an astonishing $1 million in fees, overshadowing the likes of Uniswap and even the Bitcoin network. Contents hide 1 A Revolutionary Approach to Social Networking 2 Rapid Growth and the Force…

TL;DR Breakdown China is looking to propel the BRICS coalition of emerging economies into a substantial contender against the G7. There have been disagreements on the BRICS membership and the criteria for adopting new members. Description China is looking to propel the BRICS coalition of emerging economies into a substantial contender against the G7. Leaders from various developing nations will convene to discuss the most extensive expansion the forum has witnessed in over ten years.  President Cyril Ramaphosa of South Africa has extended invitations to over 60 heads of state and … Read more China is looking to propel the BRICS coalition of emerging economies into a substantial contender against the G7. Leaders from various developing nations will convene to discuss the most extensive expansion the forum has witnessed in over ten years.  President Cyril Ramaphosa of South Africa has extended invitations to over 60 heads of state and government for a summit starting Wednesday in Johannesburg. Several countries might receive invitations during this event to join the coalition, which currently comprises Brazil, Russia, India, China, and South Africa, according…

Description XRP, the prominent digital asset, continues to be the cornerstone of Uphold’s strategy, reflecting the digital currency platform’s unequivocal commitment. The leading fintech platform’s CEO, Simon McLoughlin, recently articulated Uphold’s dedication to the XRP community, prioritizing transparency and fund security. XRP Transactions: A surge against market assumptions Simon McLoughlin, in a recent interaction, unveiled that, … Read more XRP, the prominent digital asset, continues to be the cornerstone of Uphold’s strategy, reflecting the digital currency platform’s unequivocal commitment. The leading fintech platform’s CEO, Simon McLoughlin, recently articulated Uphold’s dedication to the XRP community, prioritizing transparency and fund security. Uphold CEO Simon McLoughlin explains why the #XRP community continues to stand by Uphold after the SEC ruling. ▪️ Uphold’s loyalty to XRP▪️ Trust & Transparency▪️ 100% Reserved▪️ Security 🎥 Watch the full interview with @cryptolewlew: https://t.co/xqFMVODT1B pic.twitter.com/YuCLyEPJi0 — Uphold (@UpholdInc) August 19, 2023 XRP Transactions: A surge against market assumptions Simon McLoughlin, in a recent interaction, unveiled that, contrary to market anticipations hinting at outflows, Uphold has witnessed a significant surge in funds. Leading this charge are XRP-based transactions. Uphold’s…

TL;DR Breakdown Recur, an NFT-focused startup, is closing down despite having raised $50 million and partnered with major brands like Nickelodeon and Hello Kitty. The platform will phase out key features, including NFT retrievals, trades, and stablecoin cash-outs, due to unforeseen market challenges. Having once been valued at $333 million, Recur’s digital collectibles will migrate to the InterPlanetary File System (IPFS) to ensure their longevity. Description The popular NFT-centric startup, Recur, revealed its impending closure plans this Friday in an internal blog post. Despite securing a hefty $50 million in funding and partnerships with massive brands such as Nickelodeon and Hello Kitty, Recur seems to have been caught off-guard in the tumultuous whirlwind of the crypto domain. NFT Services Winding Down … Read more The popular NFT-centric startup, Recur, revealed its impending closure plans this Friday in an internal blog post. Despite securing a hefty $50 million in funding and partnerships with massive brands such as Nickelodeon and Hello Kitty, Recur seems to have been caught off-guard in the tumultuous whirlwind of the crypto domain. NFT Services Winding Down Recur’s…

TL;DR Breakdown Argentina’s decision to fully dollarize is a significant risk. Presidential hopeful, Javier Milei, promotes dollarization as a solution to the country’s economic issues. Global investors and financial experts, like Mark Sobel of the OMFIF, caution against it, highlighting potential catastrophic consequences. Description When discussing global economies, Argentina’s choice to fully dollarize stands out as a stark example of misguided ambition. It’s a dicey gamble, one that many financial experts are wary of, given the country’s tumultuous economic past and the lessons of history. Argentinian presidential hopeful, Javier Milei, fervently believes that dollarization is the balm for the … Read more When discussing global economies, Argentina’s choice to fully dollarize stands out as a stark example of misguided ambition. It’s a dicey gamble, one that many financial experts are wary of, given the country’s tumultuous economic past and the lessons of history. Argentinian presidential hopeful, Javier Milei, fervently believes that dollarization is the balm for the nation’s deep-rooted fiscal wounds. But history and seasoned economic pundits suggest he might be leading Argentina down a treacherous path. Milei’s High-Stakes Bet…

TL;DR Breakdown BRICS, comprising Brazil, Russia, India, China, and South Africa, is on the path of expansion. Expansion might promote the use of national currencies over the US dollar, leading to rapid de-dollarization. Sun Qi from Shanghai Academy predicts more national currency transactions as the bloc grows. Description The ever-evolving geopolitical landscape is witnessing a dramatic shift. The powerhouse that is the BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, is expanding. As this behemoth grows, an inevitable consequence looms large on the horizon: the rapid acceleration of de-dollarization. Leading voices in the world of finance, especially from China, highlight … Read more The ever-evolving geopolitical landscape is witnessing a dramatic shift. The powerhouse that is the BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, is expanding. As this behemoth grows, an inevitable consequence looms large on the horizon: the rapid acceleration of de-dollarization. Leading voices in the world of finance, especially from China, highlight how the increasing membership of BRICS can reshape the global economic order. Notably, the ascendance of national currencies over…

Description The U.S. has sounded the alarm, urging the nation’s space industry to bolster its defenses against escalating foreign espionage threats. It’s not merely a nudge; it’s a clarion call as other nations, primarily China and Russia, amplify their clandestine operations to infiltrate and extract crucial trade secrets. The very foundation of the U.S. space sector, … Read more The U.S. has sounded the alarm, urging the nation’s space industry to bolster its defenses against escalating foreign espionage threats. It’s not merely a nudge; it’s a clarion call as other nations, primarily China and Russia, amplify their clandestine operations to infiltrate and extract crucial trade secrets. The very foundation of the U.S. space sector, which is growing at a breakneck pace, is under duress. A Surge in Cyber Espionage and Unconventional Tactics The U.S. counterintelligence echelons have voiced their concerns, highlighting the rising vulnerabilities in the American space industry. With a rapidly expanding economy dedicated to this sector, the stakes have never been higher. The repercussions of a lapse in vigilance could echo for decades, potentially destabilizing the country’s position…

TL;DR Breakdown Uzbekistan’s NAPP authorizes Ravnaq Bank and Kapital Bank to issue Mastercard-backed crypto cards as part of a pilot project. The banks will offer virtual cards linked to cryptocurrency wallets, enabling swift conversion to fiat money. The project aims for a full launch by late December 2023, and the banks will test the compatibility of the crypto cards with various financial systems, including Mastercard’s platform. Description Uzbekistan’s National Agency of Perspective Projects (NAPP) has authorized two private banks, Ravnaq Bank and Kapital Bank, to issue Mastercard-backed crypto cards. This initiative is part of a pilot project aimed at launching virtual cards linked to cryptocurrency wallets, allowing instant conversion to fiat money. Ravnaq Bank and Kapital Bank are now registered participants in … Read more Uzbekistan’s National Agency of Perspective Projects (NAPP) has authorized two private banks, Ravnaq Bank and Kapital Bank, to issue Mastercard-backed crypto cards. This initiative is part of a pilot project aimed at launching virtual cards linked to cryptocurrency wallets, allowing instant conversion to fiat money. Ravnaq Bank and Kapital Bank are now registered participants in…