Best Twitter threads of the day – June 13th

Related articles

• Binance Australia temporarily suspends AUD withdrawals and deposits

  TL;DR Breakdown Binance Australia has temporarily suspended AUD withdrawal and deposit services through bank transfers. Users can convert their AUD balances to the stablecoin Tether (USDT) to ensure uninterrupted access to trading and withdrawals. Binance users in Australia can still use credit or debit cards to purchase and sell cryptocurrencies on the platform. Binance Australia recently announced that they would temporarily suspend the withdrawal and deposit of the Australian Dollar (AUD) through bank transfers. The decision comes in the wake of an earlier announcement by Binance Australia on May 18, stating that they would no longer support AUD bank transfers through PayID. This change was attributed to a decision made by a third-party payment service provider. However, it was mentioned in a subsequent update on May 22 that the services would still be available until June 1. In a recent tweet, Binance assured its users that they could smoothly conduct their withdrawals and trading activities following the regulation changes. Binance has introduced the option to convert Australian Dollar (AUD) balances to the widely used stablecoin, Tether (USDT). This move aims…

  Article 2023年6月6日

• Bitmain’s upcoming ASIC miner sparks frenzy

  TL;DR Breakdown Bitmain’s latest update on its ASIC miner has sparked a lot of discussion in the Monero community. Community reaction and discussions on ASIC resistance. Description Cryptocurrency mining rig manufacturer Bitmain has announced its upcoming release of a specialized machine designed for mining the digital currency Monero (XMR). The newly unveiled mining rig, named the Antminer X5, touts an impressive hashrate of 212 kilohash per second (KH/s). Bitmain claims that this rig is the first of its kind, marking it as … Read more Cryptocurrency mining rig manufacturer Bitmain has announced its upcoming release of a specialized machine designed for mining the digital currency Monero (XMR). The newly unveiled mining rig, named the Antminer X5, touts an impressive hashrate of 212 kilohash per second (KH/s). Bitmain claims that this rig is the first of its kind, marking it as a “professional XMR miner.” Bitmain teases new first-of-its-kind features Bitmain has revealed that the sales for the Antminer X5 will commence on September 4. While the exact price of the rig remains undisclosed, Bitmain has involved its social media followers…

  Article 2023年8月29日

• Blockchain Association’s reply to US’s crypto tax inquiry

  TL;DR Breakdown The Blockchain Association advocates for fair tax legislation for digital assets. They urge for equal treatment between crypto and non-crypto assets in taxation. The association opposes Biden administration’s proposed 30% tax on electricity for crypto miners. Description It’s evident that the era of digital assets isn’t on the horizon; it’s right here, challenging our traditional financial systems and urging our lawmakers to adapt. But as they scurry to understand and legislate this elusive technology, industry players like the Blockchain Association are stepping up with their insights. They’re not just lobbying; they’re pointing … Read more It’s evident that the era of digital assets isn’t on the horizon; it’s right here, challenging our traditional financial systems and urging our lawmakers to adapt. But as they scurry to understand and legislate this elusive technology, industry players like the Blockchain Association are stepping up with their insights. They’re not just lobbying; they’re pointing out the disparities, inconsistencies, and ambiguities that could throttle the growth of an industry in its infancy. Addressing the Disparities Between Crypto and Traditional Assets The Blockchain Association…

  Article 2023年9月10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….

  Article 2023年8月7日

• 1 in 3 New York residents own cryptocurrencies – Reports

  TL;DR Breakdown Among the key findings highlighted within the Coinbase report is the fact that a notable 19% of New York’s residents, who took part in the study, currently hold cryptocurrencies.  The report discloses an impressive figure of 692 blockchain organizations and over 800 founders that are currently based in New York state.  Description The fourth edition of a comprehensive report series from Coinbase, a prominent cryptocurrency exchange, has just been released, putting the spotlight on New York as a prime example of cryptocurrency innovation at the state level within the United States. This report delves into the significant strides that New York has made in terms of embracing … Read more The fourth edition of a comprehensive report series from Coinbase, a prominent cryptocurrency exchange, has just been released, putting the spotlight on New York as a prime example of cryptocurrency innovation at the state level within the United States. This report delves into the significant strides that New York has made in terms of embracing and adopting cryptocurrencies, shedding light on pivotal milestones achieved in the state’s journey…

  Article 2023年8月10日