Top crypto tweets of the day – May 18th

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• Binance launches new crypto exchange in Kazakhstan amid regulation trouble

  TL;DR Breakdown Binance is expanding its presence in Kazakhstan by launching a regulated digital asset platform Binance’s latest move comes amid regulatory trouble in the United States and several European countries Description The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial … Read more The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC). In addition, the license qualifies Binance as a regulated platform in Kazakhstan. Launching Binance’s new exchange  Binance’s launch announcement was made earlier at a press event, with…

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• 9 US Senators rally behind ‘Digital Asset Anti-Money Laundering Act’

  TL;DR Breakdown Nine US Senators have thrown their weight behind Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. Senator Warren welcomed the support of her fellow Senators, highlighting the strength and determination of their coalition. Senator Warren has been a vocal advocate for closing what she refers to as a “$50 billion crypto tax gap.” Description In a significant display of bipartisan support, nine United States Senators have thrown their weight behind Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. This move is poised to bolster the legislative push to regulate and combat illicit activities within the cryptocurrency space. Bipartisan support grows Senator Elizabeth Warren’s initiative has gained backing from prominent … Read more In a significant display of bipartisan support, nine United States Senators have thrown their weight behind Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. This move is poised to bolster the legislative push to regulate and combat illicit activities within the cryptocurrency space. Bipartisan support grows Senator Elizabeth Warren’s initiative has gained backing from prominent Democratic Party Senators, including Gary Peters, Dick Durbin, Tina Smith, Jeanne…

  Article 2023年9月19日

• French inflation rose in August ahead of ECB’s rate decision 

  TL;DR Breakdown French inflation in August surpassed expectations, reaching a 12-month rate of 5.7%, up from July’s 5.1%. The European Central Bank (ECB) is closely observing the inflation data to influence its upcoming decision on hiking the interest rates. Description French inflation accelerated more than anticipated in August, primarily due to a drop in food inflation that was outweighed by increased energy costs, according to initial EU-harmonized official data revealed on Thursday. The Insee statistical agency stated that French consumer prices rose to a 12-month inflation rate of 5.7% from July’s 5.1%. Insee attributed this … Read more French inflation accelerated more than anticipated in August, primarily due to a drop in food inflation that was outweighed by increased energy costs, according to initial EU-harmonized official data revealed on Thursday. The Insee statistical agency stated that French consumer prices rose to a 12-month inflation rate of 5.7% from July’s 5.1%. Insee attributed this rise to the surge in energy prices, as both regulated electricity expenses and oil prices experienced an uptick. Energy costs surged by 6.8% in August, in contrast…

  Article 2023年8月31日

• Community Approves Proposal to Reinstate IBC Between Terra Luna and Cosmos Chain

  TL;DR Breakdown Proposal 271, aimed at re-enabling IBC between Terra Luna Classic and Crescent, has passed with 99.98% votes in favor, indicating strong community support. Despite current market fluctuations, the community remains hopeful about the potential benefits of this decision, including enhanced liquidity and efficiency in the blockchain ecosystem. Description In a significant development in the blockchain world, the community has voted unanimously in favor of a proposal to re-enable inter-blockchain communication (IBC) between Crescent and Terra Luna Classic. This decision comes as a result of Proposal 271, aptly titled “Re-enable IBC Client to Terra Classic.” The proposal has not only passed but has done … Read more In a significant development in the blockchain world, the community has voted unanimously in favor of a proposal to re-enable inter-blockchain communication (IBC) between Crescent and Terra Luna Classic. This decision comes as a result of Proposal 271, aptly titled “Re-enable IBC Client to Terra Classic.” The proposal has not only passed but has done so with overwhelming support, receiving 99.98% of votes in favor, while a minuscule 0.02% voted against it….

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• China to bring reduced lending rates amid slowing economy growth

  TL;DR Breakdown China is poised to implement substantial reductions to its fundamental lending rates this year. The prevailing consensus among economists surveyed is that the one-year Loan Prime Rate (LPR) will experience a reduction of 15 basis points. Description China is poised to implement substantial reductions to its fundamental lending rates this year. This move comes in response to increasing demands on policymakers and banks to counteract a declining growth trend and stimulate weakened demand within the globe’s second-largest economy.  The upcoming monthly assembly on Monday by the People’s Bank of China is expected … Read more China is poised to implement substantial reductions to its fundamental lending rates this year. This move comes in response to increasing demands on policymakers and banks to counteract a declining growth trend and stimulate weakened demand within the globe’s second-largest economy.  The upcoming monthly assembly on Monday by the People’s Bank of China is expected to unveil decreases in one-year and five-year loan prime rates. These adjustments significantly impact the borrowing expenses for households and businesses. Notably, this follows the unexpected reduction of…

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