Top crypto tweets of the day – May 24th

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• Wirex debit cards to witness interruptions soon

  TL;DR Breakdown Wirex debit cards suffer interruptions as a result of license revocation. The company says it is making efforts to resolve the issue. Description Wirex, a prominent multi-currency crypto payment app that offers fiat on-ramps, off-ramps, and debit cards, has notified some of its customers in an email that their debit cards may cease to function in the European Economic Area (EEA). The potential disruption arises from the Lithuanian central bank’s decision to revoke the license of UAB PayrNet, … Read more Wirex, a prominent multi-currency crypto payment app that offers fiat on-ramps, off-ramps, and debit cards, has notified some of its customers in an email that their debit cards may cease to function in the European Economic Area (EEA). The potential disruption arises from the Lithuanian central bank’s decision to revoke the license of UAB PayrNet, Wirex’s card provider. This development follows a similar announcement from Wirex’s competitor, Cryptopay, regarding potential card service interruptions in the region due to the same issue. Wirex to temporarily halt its debit card services The email sent to Wirex customers explained that…

  Article 2023年6月27日

• Justin Bieber’s BAYC NFT investment plummets, losing $1.2 million

  TL;DR Breakdown Justin Bieber has incurred a significant loss as his Bored Ape Yacht Club (BAYC) NFT investment plummets by over 95%. NFTs, blockchain-based digital assets, have attracted celebrity endorsements and investments, but their market is known for volatility. Despite the loss, Bieber’s diversified income streams may help offset the impact, and his substantial net worth provides some financial cushion. Description Global pop superstar Justin Bieber has suffered a significant financial blow in the volatile world of non-fungible tokens (NFTs). Bieber’s investment in a Bored Ape Yacht Club (BAYC) NFT, initially valued at $1.3 million, has depreciated by over 95%, resulting in a staggering loss of approximately $1.2 million. Currently, the BAYC NFT is worth $59,090. … Read more Global pop superstar Justin Bieber has suffered a significant financial blow in the volatile world of non-fungible tokens (NFTs). Bieber’s investment in a Bored Ape Yacht Club (BAYC) NFT, initially valued at $1.3 million, has depreciated by over 95%, resulting in a staggering loss of approximately $1.2 million. Currently, the BAYC NFT is worth $59,090. NFTs, which are unique digital assets…

  Article 2023年7月6日

• U.S. aims to use Vietnam against China – Here is how

  Description Challenging the mighty dragons of the East, the U.S. is engaging in a high-stakes game of geopolitical chess. The latest move? Forging a strategic partnership with Vietnam. Washington is actively discussing what could become the most significant arms deal with Vietnam in history, a country it once viewed through the lens of animosity. This move, … Read more Challenging the mighty dragons of the East, the U.S. is engaging in a high-stakes game of geopolitical chess. The latest move? Forging a strategic partnership with Vietnam. Washington is actively discussing what could become the most significant arms deal with Vietnam in history, a country it once viewed through the lens of animosity. This move, if executed, would not only reshape the defense capabilities of the Southeast Asian nation but also rebalance the scales of power in the hotly contested South China Sea. The Strategic Blueprint: A New Frontier for Vietnam-U.S. Relations At the heart of these ongoing negotiations is the potential sale of a fleet of American F-16 fighter jets to Vietnam. The introduction of such formidable equipment would drastically…

  Article 2023年9月25日

• SEC’s probe on Binance.US was initiated in 2020, recent court filings reveal

  TL;DR Breakdown Court filings reveal SEC’s 2020 investigation into Binance.US, indicating long-term scrutiny. SEC’s probe centers on alleged securities law violations and substantial profits by Binance.US. Lawsuit filed by the SEC targets Binance.US, its entities, and its CEO, seeking an asset freeze. Binance.US, the American arm of the global cryptocurrency exchange Binance, is under investigation by the U.S. Securities and Exchange Commission (SEC) for possible violations of federal securities laws. Court filings released on Tuesday revealed that the SEC has been scrutinizing Binance.US since 2020, with evidence pointing to hundreds of millions of dollars in illicit profits. In a lawsuit filed on Monday, the SEC accused Binance’s U.S. and global entities, as well as its CEO Changpeng “CZ” Zhao, of operating an unregistered securities exchange by facilitating the trading of cryptocurrencies. The regulatory body has subsequently sought to freeze Binance.US assets, intensifying the legal battle between the crypto exchange and the SEC. According to court filings, the SEC initiated an internal investigation and assigned officials to gather testimony starting on August 17, 2020. Colby Steele, a lawyer representing the SEC,…

  Article 2023年6月12日

• Filecoin has seen an increase in storage deals on its network in Q2: Report

  TL;DR Breakdown Currently, Filecoin averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals, while its raw storage capacity stands at 12.2 exbibytes (14.1 billion gigabytes).  Despite a decline in revenue in dollar terms, the platform generated 2.5 million of its own Filecoin tokens, equivalent to $11.5 million, during the most recent quarter.  To cater to storage retrieval requirements, the platform is developing Project Saturn, a content delivery network (CDN) for Filecoin and IPFS (InterPlanetary File System).  Description A recent report by Messari reveals that Filecoin, a decentralized storage protocol, has seen an increase in storage deals on its network. Currently, the protocol averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals, while its raw storage capacity stands at 12.2 exbibytes (14.1 billion gigabytes). This surge in uptake comes after a period … Read more A recent report by Messari reveals that Filecoin, a decentralized storage protocol, has seen an increase in storage deals on its network. Currently, the protocol averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals, while its raw storage capacity stands at 12.2 exbibytes…

  Article 2023年7月15日