Top crypto tweets of the day – May 22nd

Related articles

• UK’s FCA vows no bias in crypto regulation, size doesn’t guarantee approval

  TL;DR Breakdown The UK’s FCA stands firm on crypto regulation, unswayed by company size. FCA warns crypto firms of strict action for non-compliance with new promotion rules. Description The UK’s Financial Conduct Authority (FCA) has sent a clear message to the cryptocurrency industry: meeting anti-money laundering requirements is mandatory, irrespective of a company’s size or market share. In a recent Treasury Select Committee hearing, FCA CEO Nikhil Rathi emphasized that the organization remains unbiased in granting regulatory approvals to crypto firms. The firm’s … Read more The UK’s Financial Conduct Authority (FCA) has sent a clear message to the cryptocurrency industry: meeting anti-money laundering requirements is mandatory, irrespective of a company’s size or market share. In a recent Treasury Select Committee hearing, FCA CEO Nikhil Rathi emphasized that the organization remains unbiased in granting regulatory approvals to crypto firms. The firm’s size or influence in the crypto market does not guarantee them an automatic ticket to operation. Over the past two years, the FCA has received over 300 applications from cryptocurrency firms wishing to operate in the country. Despite the…

  Article 2023年7月20日

• Mastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

  TL;DR Breakdown Confusion at Twitter appears to continue after owner Elon Musk introduced limits to the amount of posts users can read in a day. Mastodon, a German Twitter competitor, has witnessed a heavy flow of new users.  At the time of writing, Mastodon reported 324,000 active users. Mastodon insists its user-driven and decentralized in nature. Description Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. … Read more Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. Elon Musk shakes up Twitter Elon Musk has temporarily restricted…

  Article 2023年7月5日

• Solana’s gaming ecosystem faces major developments: Aurory expands to Ethereum, Automata announces layoffs

  TL;DR Breakdown Solana-based gaming franchise Aurory is expanding to the Ethereum scaling network, Arbitrum, aiming to tap into new audiences and crypto communities. Automata, the developer of Solana game Star Atlas, announced significant layoffs due to financial challenges, including a major tax liability and the loss of funds from the FTX collapse. Despite these challenges, both companies are adapting their strategies, with Aurory considering further expansions and Automata focusing on specific product developments. Description Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to move their assets between Solana and Arbitrum, … Read more Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to…

  Article 2023年7月26日

• UK passes landmark bill recognizing cryptocurrency as regulated financial activity

  TL;DR Breakdown The UK has officially passed a bill, the Financial Services & Markets Act 2023, that regulates cryptocurrency. The bill, initially focused on stablecoins, now treats all cryptocurrencies as regulated activities after approval from both Houses of Parliament and King Charles. The bill empowers key UK regulatory bodies to enforce rules on the crypto sector, aligning with the government’s aim to become a global crypto hub. Description The United Kingdom has taken a significant step towards embracing the digital economy by passing a bill recognizing cryptocurrency as a regulated financial activity. Approved by King Charles, marking the last formal stage of the bill becoming law, the move signals an important shift in the country’s approach to digital currencies and promises to usher … Read more The United Kingdom has taken a significant step towards embracing the digital economy by passing a bill recognizing cryptocurrency as a regulated financial activity. Approved by King Charles, marking the last formal stage of the bill becoming law, the move signals an important shift in the country’s approach to digital currencies and promises to…

  Article 2023年7月2日

• Ethereum’s dormant ICO investor resurfaces with whopping $3.7 million ETH transfer

  TL;DR Breakdown The unexpected return of an Ethereum ICO investor after 8 years sparks intrigue in the crypto community. Investor’s massive $3.7 million ETH transfer raises questions about their long-term strategy. Ethereum’s ICO participant chose to stake for network protection and growth potential. Description Ethereum‘s cryptocurrency community was taken aback by the unexpected return of its initial coin offering (ICO) participant after an eight-year absence. The investor, who had acquired a substantial $2,000ETH during the Genesis phase when the ICO price was just $0.31 per ETH, made headlines by transferring $641ETH, currently valued at a staggering $3.7 million in … Read more Ethereum‘s cryptocurrency community was taken aback by the unexpected return of its initial coin offering (ICO) participant after an eight-year absence. The investor, who had acquired a substantial $2,000ETH during the Genesis phase when the ICO price was just $0.31 per ETH, made headlines by transferring $641ETH, currently valued at a staggering $3.7 million in the market. An Ethereum ICO participant woke up after 8 years of dormancy, transferred 641 $ETH out, and started staking. He received 2K…

  Article 2023年8月1日