Best Twitter threads of the day – June 13th

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  TL;DR Breakdown UK can tackle inflation by adjusting monetary policy and potentially raising interest rates. Increase taxes for the better-off to drive out inflation. Advocate for a more balanced housing policy to stabilize the market. Address missed opportunities to invest in infrastructure during periods of low interest rates. Description Inflation, like an uninvited guest, is making itself felt in the UK, affecting everyday finances, right from interest rates to mortgage repayments. While this is a headache for most, for some, it’s business as usual. This uneven distribution of pain makes it clear that the current monetary policy isn’t doing enough to quickly combat inflation. … Read more Inflation, like an uninvited guest, is making itself felt in the UK, affecting everyday finances, right from interest rates to mortgage repayments. While this is a headache for most, for some, it’s business as usual. This uneven distribution of pain makes it clear that the current monetary policy isn’t doing enough to quickly combat inflation. Rebalancing housing policies A key area that’s been disproportionately affected is the housing market. It’s a market segment…

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• MasterCard empowers UK banks to combat payment fraud with AI-powered solution

  TL;DR Breakdown Mastercard introduces AI-powered “Consumer Fraud Risk” tool to combat payment fraud and scams in the UK. The solution leverages large-scale payments data and real-time analysis to identify and prevent various types of scams before funds leave victims’ accounts. Early adoption by TSB shows significant success, with potential savings of nearly £100 million across the UK, prompting other banks to embrace the solution. Description Financial services provider Mastercard is leading the charge against payment fraud and scams with its AI-powered tool called “Consumer Fraud Risk.” The solution, now live in the UK, leverages Mastercard’s latest AI capabilities and its unique network view of account-to-account payments to help banks predict and prevent various types of scams. According to an announcement, … Read more Financial services provider Mastercard is leading the charge against payment fraud and scams with its AI-powered tool called “Consumer Fraud Risk.” The solution, now live in the UK, leverages Mastercard’s latest AI capabilities and its unique network view of account-to-account payments to help banks predict and prevent various types of scams. According to an announcement, Mastercard has…

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• A look at Asia’s top weekly news highlights

  TL;DR Breakdown Vitalik Buterin questions the longevity of Hong Kong’s crypto-friendly shift. South Korea initiates a three-month investigation into politicians’ cryptocurrency holdings. India contemplates its cryptocurrency stance, influenced by the G20’s crypto risk framework. Description This week in Asia, a series of high-profile happenings in the cryptoverse grabbed the limelight. Between questionable stances on crypto-friendliness and unexpected partnership announcements, it seems like the entire continent is dancing to the beats of digital coins. But is it all just glitz, or is there some real grit behind the scenes? Hong Kong: … Read more This week in Asia, a series of high-profile happenings in the cryptoverse grabbed the limelight. Between questionable stances on crypto-friendliness and unexpected partnership announcements, it seems like the entire continent is dancing to the beats of digital coins. But is it all just glitz, or is there some real grit behind the scenes? Hong Kong: Crypto-Friendly or Just Playing the Field? Vitalik Buterin, the iconic face behind Ethereum, recently raised an eyebrow at Hong Kong’s seemingly warm embrace of the crypto realm. Now, I’m all for countries…

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• Sam Altman’s Worldcoin surpasses the 2 million milestone in user registrations

  TL;DR Breakdown Worldcoin has achieved a significant milestone with 2 million registrations for its World ID program, showcasing rapid international expansion. The introduction of Orbs, Worldcoin’s biometric imaging devices, has fueled a surge in demand for the World ID passport, attracting over 40,000 new users per week. Worldcoin aims to provide universal access to verified digital identities, addressing the barriers faced by billions of individuals worldwide in accessing financial services. Description Worldcoin, the pioneering cryptocurrency and identity verification initiative, has reached a significant milestone with 2 million registrations for its World ID program. This achievement highlights the company’s rapid international expansion, bolstered by the introduction of Orbs, its groundbreaking biometric imaging devices. The launch of these gadgets coincided with a surge in demand for Worldcoin’s digital … Read more Worldcoin, the pioneering cryptocurrency and identity verification initiative, has reached a significant milestone with 2 million registrations for its World ID program. This achievement highlights the company’s rapid international expansion, bolstered by the introduction of Orbs, its groundbreaking biometric imaging devices. The launch of these gadgets coincided with a surge in…

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• Ethereum layer-2 network Base suffers temporary outage

  TL;DR Breakdown Ethereum layer-2 network Base suffered a brief outage that lasted more than 30 minutes. Explosive growth and implications for layer-2 network. Description The Ethereum Layer-2 network known as Base experienced a brief outage that lasted for approximately half an hour, with full resolution taking an additional 30 minutes. The team reported the incident on Twitter, stating that the delay in block production was due, in part, to the need for a refresh of their internal infrastructure. Importantly, … Read more The Ethereum Layer-2 network known as Base experienced a brief outage that lasted for approximately half an hour, with full resolution taking an additional 30 minutes. The team reported the incident on Twitter, stating that the delay in block production was due, in part, to the need for a refresh of their internal infrastructure. Importantly, they assured users that no funds were at risk during this outage. The development team categorized the issue as a “Base chain stall” on their project status page. Base network administrators blame the issue on an internal delay This incident began with users…

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