Author: Jessica Smally

The Democratic National Convention: Day Two As the Democratic National Convention enters its second day in Chicago, the focus shifts to Vice President Kamala Harris and her running mate, Minnesota Gov. Tim Walz. The goal is to make the case for why their new nominee is best suited to challenge the Republican nominee, former President Trump. The Obamas Return to Support Harris Former President Barack Obama and former First Lady Michelle Obama are set to take the stage on Tuesday night to endorse Harris’ nomination. Michelle Obama will highlight Harris’ experience and values, making her qualified to serve as president.…

Bitcoin Holders Remain Bullish Despite Failed Attempt to Reach $60,000 Although Bitcoin failed to settle above the psychological $60,000 level on the weekly chart, long-term holders (LTH) continue to adopt bullish strategies in 2024. The Resilience of Bitcoin Despite facing resistance at the $60,000 mark, Bitcoin has shown remarkable resilience in maintaining its upward trajectory. The cryptocurrency market remains highly volatile, but long-term holders have faith in the digital asset’s potential for growth. Transition words such as “however” and “nevertheless” can be used to indicate a shift in focus or introduce a contrasting viewpoint. Strategies of Long-Term Holders Long-term holders…

Decentralized Exchange Aggregator Jupiter Warns Users of Malicious Browser Extension Decentralized finance (DeFi) platform Jupiter recently issued a warning to its users about a dangerous browser extension that managed to evade Solana’s security measures. The malicious extension, which has not been identified by name, was able to bypass Solana’s Drainer check, posing a serious threat to users’ funds and sensitive information. This incident serves as a stark reminder of the importance of staying vigilant and taking necessary precautions when engaging with DeFi platforms. The Risk of Malicious Browser Extensions in the Crypto Space The emergence of decentralized exchanges (DEXs) and…

Supporting Family in Times of Need When a family member is going through a tough time, it can be challenging to know how best to support them, especially when there are financial struggles and parenting issues involved. In a recent letter to an advice columnist, a concerned aunt shared her dilemma about her adult nephew and his girlfriend who recently had a baby. Both in their 30s, unemployed, and dealing with mental health issues, the young couple is in need of assistance. To help without enabling negative behavior, the aunt set up a 529 college account for the baby and…

The Hong Kong Monetary Authority’s New Principles for Generative Artificial Intelligence The Hong Kong Monetary Authority (HKMA) recently announced new principles aimed at regulating the use of generative artificial intelligence in consumer-facing applications. These principles place a strong focus on governance, transparency, and data protection, reflecting the HKMA’s commitment to fostering responsible AI innovation in the financial sector. Governance and Accountability One of the key principles outlined by the HKMA is the importance of strong governance and accountability in the deployment of generative AI systems. Financial institutions are expected to establish clear lines of responsibility for AI systems, ensuring that…

On August 19, the whale acquired 347 Wrapped Bitcoin (WBTC) in just 12 hours. BitGo plans to transfer control of WBTC to a joint venture consisting of itself, BiT Global, and the Tron ecosystem. Coinbase has hinted that it will launch its own wrapped Bitcoin token, called “cbBTC.” An unknown whale is rapidly accumulating Wrapped Bitcoin (WBTC), amassing over $118 million worth of WBTC in a short period of time. According to data from blockchain analytics firm Lookonchain, the unknown wallet collected a total of 1,953 WBTC at an average price of $58,853 per token. One recent transaction was particularly…

Overtourism in Sintra, Portugal: A Growing Issue in 2024 The picturesque town of Sintra, Portugal, known for its stunning mountains and historic castle, is facing a growing problem in 2024 – overtourism. With over 3 million visitors flocking to Sintra each year, the impact on the local residents and infrastructure is becoming increasingly concerning. The Challenges of Overtourism As more and more tourists descend upon Sintra, the once peaceful town is now plagued by traffic jams, overcrowded attractions, and a strain on resources. Local residents like Martinho de Almada Pimentel are feeling the effects of overtourism, with daily frustrations and…

Rising Ethereum Open Interest and Bid-to-Sell Ratio Fuel Optimism Cryptocurrency analysts are closely watching the Ethereum market as open interest in the digital asset rises and the bid-to-sell ratio turns “positive”. This shift in market dynamics has led many to believe that Ethereum’s prolonged correction may finally be coming to an end. The rise in Ethereum open interest signifies increasing investor participation in the market. As more traders open positions in Ethereum, it indicates a growing confidence in the digital asset’s future price potential. Additionally, the “positive” bid-to-sell ratio suggests that there are more buyers willing to purchase Ethereum at…

The Proposed Settlement with Mango DAO The proposed settlement with Mango DAO involves an agreement where the organization does not have to admit or deny wrongdoing, but must pay a penalty of $223,228. This settlement comes as a result of an investigation into potential violations by Mango DAO. Details of the Settlement The settlement agreement requires Mango DAO to pay a significant penalty for the alleged violations. This penalty amount, totaling $223,228, serves as a deterrent for future misconduct and ensures that Mango DAO takes responsibility for any potential wrongdoing. Furthermore, by agreeing to the settlement without admitting or denying…

Bitcoin’s Recovery and Future Outlook After a recent sharp sell-off, Bitcoin seems to have found its footing and is now on a path of recovery. Analysts are optimistic about the future of the leading cryptocurrency, citing the upcoming U.S. election and global liquidity as potential drivers for further growth. U.S. Election Impact on Bitcoin The highly anticipated U.S. presidential election is expected to have a significant impact on the financial markets, including cryptocurrencies like Bitcoin. As the election date approaches, investors are closely monitoring the candidates’ policies and their potential implications for the economy. With growing uncertainty and volatility in…