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Changing the Rules: A Unique Bitcoin Meetup Experience

July 21, 2023 by Arnold Potts

way to protect their money They strategized, made trades, and even formed alliances to try and outsmart each other. It was amazing to see how quickly they picked up on the principles of Bitcoin and the importance of security. As the game …

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Celo Blockchain Plans Transition to Ethereum Layer-2 Network as Token Soars Almost 10%

July 20, 2023 by Arnold Potts

CLabs, the developer behind the Celo blockchain, has announced its plans to transition to the Ethereum ecosystem. After months of research and discussions with both Celo and Ethereum community members, the team proposed the move in a recent Twitter announcement. The final …

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China’s Evergrande Group Reports Unprecedented $81 Billion Loss in Two-Year Span, Sending Shockwaves Through Property Sector

July 20, 2023 by Arnold Potts

China’s largest indebted property developer, Evergrande Group, has revealed its long-awaited earnings report, disclosing a staggering combined loss of $81 billion for 2021 and 2022. The company’s financial earnings report, released on July 17, stated that it recorded a net loss of …

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SEC Accepts Valkyrie’s Proposal for Review, Could a Spot Bitcoin ETF Finally be Approved?

July 20, 2023 by Arnold Potts

The US Securities and Exchange Commission (SEC) has taken a significant step towards the approval of a Bitcoin exchange-traded fund (ETF). Valkyrie, a Nashville-based crypto asset management firm, has had its proposal accepted for an official review by the regulatory body. The …

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Instagram Threads Implements ‘Rate Limits’ to Counter Bots: Following in Twitter’s Footsteps

July 19, 2023 by Arnold Potts

Instagram Threads, the Twitter alternative, has encountered a wave of challenges just 10 days after its launch. In response to growing reports of crypto-shilling bots and spam attacks, the social media platform has been compelled to implement rate limits. Adam Mosseri, the …

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Coinbase CEO Brian Armstrong to Meet with Democrats for Discussion on Crypto Regulation

July 19, 2023 by Arnold Potts

Coinbase CEO Brian Armstrong is scheduled to meet with over 100 Democrats on Wednesday to discuss the future of cryptocurrency regulation and legislation. The meeting, which will take place with members of the New Democrat Coalition, aims to address various issues surrounding …

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TSMC Anticipates 27% Decline in Q2 Net Profit amid Global Economic Challenges

July 19, 2023 by Arnold Potts

Leading global contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is expected to announce a 27% decline in net profit for the second quarter of this year, as the ongoing global economic challenges continue to impact the demand for semiconductors. Analysts remain …

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Dubai Regulator Suspends BitOasis’ License: UAE’s Progressive Approach to Digital Asset Regulation

July 18, 2023 by Arnold Potts

On July, the Dubai Virtual Assets Regulatory Authority (VARA) made the decision to suspend BitOasis’ conditional license to engage in activities related to digital assets. This action by the Dubai regulator reflects the unique and innovative approach that the United Arab Emirates …

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SEC v Ripple Labs: The Legal Conundrum of Cryptocurrency Token Sales to the Public

July 18, 2023 by Arnold Potts

cryptocurrency tokens need to be analyzed using the same criteria as securities when sold to VCs or institutional buyers. However, when these tokens are sold anonymously through cryptocurrency exchanges or distributed to employees or insiders, they are considered something else entirely. This …

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Bitcoin and Crypto Prices Surge as Ripple Gains Partial Victory

July 18, 2023 by Arnold Potts

Good morning! Here’s what’s happening in the world of cryptocurrency and digital assets. Prices: Inflation data had little impact on the crypto markets, but a partial Ripple victory on Thursday caused Bitcoin and other major digital assets to surge higher. The market …

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