The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the…
Robert Kennedy Jr and Ron Paul Agree America Doesn’t Have a Free Market
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) and former U.S. Representative Ron Paul agree that America does not have a free market. Referencing RFK Jr. stating that America has “a crony corporatist system,” Paul…
Shark Tank Star Kevin O’Leary Warns More US Banks Will Fail
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the…
Explore El Salvador: Gofaizen & Sherle Launches New Crypto License Service
PRESS RELEASE. Tallinn, July 31 – Gofaizen and Sherle, the leading Estonian crypto and fintech consultancy, proudly announces the launch of its latest product in El Salvador. The innovative service offers crypto companies and startup owners…
Study: Generative AI Could Add Trillions to Global Economy
A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and…
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the…
According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees…
$31,000 Per Reported Bug Up For Grabs In Swisstronik’s New Bug Bounty Program
PRESS RELEASE. Swisstronik, the layer-1 network for developing scalable dApps which safeguard and maintain privacy for users’ data while remaining regulatory compliant, is excited to announce the launch of its first testnet. Swisstronik…
SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities…
Biggest Movers: SHIB Stays Close to Recent 2-Month High on Monday
Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today’s session. Bitcoin cash…
Report: SEC Asked Coinbase to Delist All Crypto Assets Except Bitcoin Prior to Filing Lawsuit
According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant…
Bitcoin, Ethereum Technical Analysis: BTC Slightly Higher Ahead of This Week’s US Economic Data
Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum…
Eritrean President Isaias Afwerki: ‘We Need a New Financial Architecture Not Controlled by the Dollar or the Euro’
Isaias Afwerki, president of Eritrea, reinforced the need for building a new economic system away from the traditional centers of power. At the second Russia-Africa Summit, Afwerki told Russian President Vladimir Putin that the current world order…
marumaruNFT: Revolutionizing Cabaret Clubs and Host Clubs with Dynamic NFTs and Market Competition
NFTs represent unique and indivisible items, backed by blockchain technology, certifying their originality, scarcity, and authenticity. Whether it’s digital art, music, videos, virtual real estate, or collectible items, NFTs have become a…
Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and…
Cato Institute Experts: Dollarization ‘Protects Ordinary People’s Purchasing Power’
According to Cato Institute experts, full dollarization of the Argentine economy helps to protect “ordinary people’s purchasing power” from corrupt politicians and “often subservient—or simply incompetent—central bankers.”…
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made…
Latam Insights — Argentina to Complete IMF Payment With Chinese Yuan, Bolivia Also Using China’s Currency for International Settlements
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina is likely to settle part of a payment to the International Monetary Fund (IMF) using the Chinese…
UK Court Slaps Telecoin Crypto Scam Masterminds With 6-Year Jail Terms
Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of…
$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan
Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds…
US Representatives Bilirakis and Schakowsky Inquire About Apple’s Policies on Blockchain and NFTs
Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain…
Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’
The Kenyan data regulator said it is conducting an “assessment of Worldcoin’s practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to…
Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit
On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted…
Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide
This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have…
Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million…
US Second in World by Debt per Citizen, Rare Bitcoin Block Reward Awakens, BRICS Summit Invites — Week in Review
A recent study has shown that Singapore, the U.S., and Japan rank highest in the world by debt per citizen, according to United Nations data. In other news, a rare 2010 Bitcoin block reward has awakened after 13 years of dormancy, and the BRICS…
LBank Exchange Will List DBear Coin (DBC) on July 31, 2023
PRESS RELEASE. Road Town, BVI, July 30, 2023 – LBank Exchange, a global digital asset trading platform, will list DBear Coin (DBC) on July 31, 2023. For all users of LBank Exchange, the DBC/USDT trading pair will be officially available for…
Crypto․com Granted Registration Approval in the Netherlands
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering…
Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator
Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver on Friday. Regulator Shuts Down Heartland Tri-State…
World’s Largest Web3 Event TOKEN2049 Singapore Hits 300 Sponsor Milestone, Announces New Headline Speakers
PRESS RELEASE. SINGAPORE — 30 July 2023 — TOKEN2049, Asia’s premier Web3 and crypto conference, announced a slate of prolific title sponsors and headline speakers for its upcoming Singapore edition. With just 50 days to go in the countdown…
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