Top crypto tweets of the day – May 22nd

Related articles

• NFT marketplace Tabi secures $10M in angel funding

  TL;DR Breakdown Tabi, an NFT marketplace previously known as Treasureland, raised $10 million in an angel funding round. Multiple venture capital firms and individual investors participated, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital, Bo Feng, Riyad AD, and Suji Yan. The funding will be primarily used to develop Tabi’s gaming ecosystem and to construct its upcoming on-chain identity protocol. In an announcement made on May 10th, Tabi, an emergent player in the world of nonfungible token (NFT) marketplaces, formerly known as Treasureland, reported the successful procurement of a significant $10 million in a recent angel funding round. The news marks a substantial milestone in Tabi’s journey as it continues to navigate the exciting landscape of blockchain technology. Tabi gets a hearty injection of capital This funding round saw contributions from renowned venture capital firms such as Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. Personal investors also made a splash, including individuals such as Bo Feng from Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan…

  Article 2023年6月1日

• China and Malaysia collaborate to integrate AI and blockchain technology to foster cross-border trade

  TL;DR Breakdown Malaysia and China are collaborating on a project to use AI and blockchain to improve cross-border trade. The collaboration includes Zetrix, Universiti Malaya, and China Academy of Information and Communications Technology under China’s G2G program. The project aims to boost trade efficiency and security; Zetrix recently launched a service that verifies online interactions between humans and AI agents. Description Malaysia and China have set the stage for a new era of technological advancement. The two nations are combining forces to pioneer the integration of Artificial Intelligence (AI) and blockchain technology to enhance cross-border trade processes. The alliance, which is part of an ongoing intergovernmental research initiative, symbolizes a significant stride in international cooperation in … Read more Malaysia and China have set the stage for a new era of technological advancement. The two nations are combining forces to pioneer the integration of Artificial Intelligence (AI) and blockchain technology to enhance cross-border trade processes. The alliance, which is part of an ongoing intergovernmental research initiative, symbolizes a significant stride in international cooperation in AI research. A tripartite fusion: Zetrix,…

  Article 2023年6月22日

• Banking giants in South Korea embrace the future of digital assets

  TL;DR Breakdown South Korean lenders join NongHyup’s bank consortium for security token offerings (STOs). STOs, unique to South Korea, leverage blockchain and DLT to represent assets like stocks, bonds, real estate, and art ownership. Hana Bank, Shinhan Bank, Woori Bank, and fintech firms join the consortium, bringing the member count to 18. In a significant development, several influential lenders in South Korea have now become part of a bank consortium. This consortium, led by Seoul’s NongHyup, centers around the exciting new world of security token offerings (STOs). These STOs, unique to South Korea, are essentially traditional investments with a twist. They exist on blockchain or DLT, representing assets like stocks, bonds, or even art and real estate ownership. On Thursday, the Korea Herald revealed a notable update. Hana Bank, Shinhan Bank, and Woori Bank have joined NongHyup’s innovative consortium. Fintech firms such as Funble, Trackchain, and Artipio have also joined in, pushing the consortium’s member count to 18.  Earlier this year, South Korea responded to the skyrocketing demand for digital assets by legalizing security token offerings. Consequently, the Financial Services…

  Article 2023年6月18日

• Curve Finance Founder Sells CRV at Discount Amidst DeFi Debt Crisis

  TL;DR Breakdown Curve Finance founder Michael Egorov faces a DeFi debt crisis and seeks to pay off his debts by selling CRV tokens at a discounted rate of $0.40 per token. Controversial figures, including Tron founder Justin Sun and tech entrepreneur Jeffrey Huang, are among the buyers, raising concerns about the potential risks and credibility of the counterparties involved. Description In the ever-evolving world of decentralized finance (DeFi), the name Michael Egorov has been synonymous with innovation and groundbreaking initiatives. As the founder of Curve Finance, Egorov has been at the forefront of reshaping the DeFi landscape, offering users new opportunities to maximize their yield and liquidity. However, recent events have taken a dramatic turn, … Read more In the ever-evolving world of decentralized finance (DeFi), the name Michael Egorov has been synonymous with innovation and groundbreaking initiatives. As the founder of Curve Finance, Egorov has been at the forefront of reshaping the DeFi landscape, offering users new opportunities to maximize their yield and liquidity. However, recent events have taken a dramatic turn, revealing a precarious financial situation for the…

  Article 2023年8月2日

• Is PayPal’s PYUSD the future of crypto or a threat to decentralization?

  TL;DR Breakdown PayPal’s PYUSD stablecoin launch marks a milestone for Ethereum but raises concerns over transaction costs. PYUSD’s introduction sparks fears over similarities to centralized digital currencies. The crypto community’s response to PYUSD is mixed, with both optimism for broader adoption and skepticism over potential centralization. Description PayPal recently concluded a two-year exploratory period, culminating in the launch of its newly established stablecoin, PayPal USD (PYUSD), on August 7, issued by Paxos Trust Co. Tailored for digital transactions and Web3 applications, PYUSD functions on the Ethereum platform and is poised to make significant impacts on Ethereum’s mainstream acceptance. The stablecoin’s functionalities, such … Read more PayPal recently concluded a two-year exploratory period, culminating in the launch of its newly established stablecoin, PayPal USD (PYUSD), on August 7, issued by Paxos Trust Co. Tailored for digital transactions and Web3 applications, PYUSD functions on the Ethereum platform and is poised to make significant impacts on Ethereum’s mainstream acceptance. The stablecoin’s functionalities, such as purchasing, vending, retaining, and transferring, although reminiscent of a conventional checking account or an existing PayPal account, signal a…

  Article 2023年8月9日