Binance.US lists Ripple’s XRP token following court ruling

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• Tether makes waves in crypto market with 1 billion USDT token issuance on Ethereum

  TL;DR Breakdown Tether has issued 1 billion USDT tokens on Ethereum to bolster inventory and support chain swaps. The tokens are classified as permitted but unissued, reserved for future issuance requests. Tether’s market value has reached a record high of over $83.2 billion. Tether, the leading issuer of stablecoins worldwide, has once again made waves in the cryptocurrency market. In a surprising move, Tether has issued an additional 1 billion USDT tokens on the Ethereum blockchain, as reported by the vigilant Whale Alert monitoring system. This strategic decision by Tether is part of their ongoing efforts to bolster inventory for future issuance requests and facilitate seamless chain swaps. Paolo Ardoino, the esteemed Chief Technology Officer of Tether, clarified that this particular transaction on the Ethereum network is classified as permitted but unissued. These newly minted USDT tokens will not immediately contribute to Tether’s market capitalization.  Instead, they are being strategically reserved for upcoming issuance requests and on-chain interactions. Tether aims to enhance its chain swap functionality, enabling users to transfer assets between blockchain networks seamlessly. This development marks the second…

  Article 2023年6月15日

• Why Mark Cuban feels 99% of crypto tokens will go broke?

  TL;DR Breakdown Mark Cuban and John Reed Stark, had a detailed Twitter conversation about the future and regulation of cryptocurrencies. The entrepreneur likened the struggles of small crypto startups to a child trying to operate a lemonade stand under extensive licensing laws. He also predicted that 99% of crypto tokens would fail, much like early internet companies, but the survivors would be game changers. An impassioned exchange unfolded recently in the Twitter universe, featuring two influential personalities with contrasting views on the promising yet controversial domain of cryptocurrencies. The sparring partners: former Chief SEC Office of Internet Enforcement, John Reed Stark, and entrepreneur, investor, and anticipated presidential candidate, Mark Cuban. In a dialogue touching on numerous aspects of crypto regulations, the capabilities of blockchain technology, and the role of the SEC, Cuban posited a statement that sent ripples through the world of digital currencies, saying 99% of crypto tokens were destined for bankruptcy. A debate between titans: Cuban vs Stark The conversation began with a tweet from Stark referencing a U.S. District Judge’s preference for Binance and the SEC to…

  Article 2023年6月18日

• China’s energy sector goes digital with digital yuan payments

  TL;DR Breakdown China’s energy providers are embracing digital yuan payment options, enabling companies and individuals to settle their bills using the country’s central bank digital currency (CBDC).  State-owned public utility providers have expressed their commitment to actively assist companies and individuals in understanding the differences between traditional and digital yuan payment methods. In a recent example, Suzhou’s Xiangcheng District drainage and sanitation companies utilized the digital yuan to pay an $83,000 power bill.  Description China’s energy providers are embracing digital yuan payment options, enabling companies and individuals to settle their bills using the country’s central bank digital currency (CBDC). In a recent example, Suzhou’s Xiangcheng District drainage and sanitation companies utilized the digital yuan to pay an $83,000 power bill. The State Grid Corporation of China (SGCC), the nation’s … Read more China’s energy providers are embracing digital yuan payment options, enabling companies and individuals to settle their bills using the country’s central bank digital currency (CBDC). In a recent example, Suzhou’s Xiangcheng District drainage and sanitation companies utilized the digital yuan to pay an $83,000 power bill. The State…

  Article 2023年7月2日

• X (Twitter) gains major advantage because of this

  TL;DR Breakdown Zuckerberg introduced Threads to rival Twitter (X), initially gaining 44 million users. Despite blunders by Musk on X, including visibility tweaks and a rise in ads, X remains dominant. Threads’ pitch of being a peaceful alternative lacked the raw debate and drama that attracts users to X. Description Mark Zuckerberg’s competitive punch seemed to land perfectly with the introduction of Threads. An immediate threat to Twitter, now dubbed “X”, Threads zoomed past with a staggering 44 million daily active users. But, like many adrenaline-pumped stories, the dust settled, revealing Threads’ substantial user drop, dwindling to a mere 8 million. Yet, while Threads’ performance … Read more Mark Zuckerberg’s competitive punch seemed to land perfectly with the introduction of Threads. An immediate threat to Twitter, now dubbed “X”, Threads zoomed past with a staggering 44 million daily active users. But, like many adrenaline-pumped stories, the dust settled, revealing Threads’ substantial user drop, dwindling to a mere 8 million. Yet, while Threads’ performance ebbed, X’s inherent nature has shielded it, highlighting an interesting dynamic of the social media landscape. Why…

  Article 2023年8月20日

• SEC casts doubt on Coinbase’s compliance despite approving its going public

  TL;DR Breakdown SEC says that Coinbase going public does not represent a “blessing” from it and does not show the company complies with regulations However, questions have come up on why the SEC would allow a non-compliant company to go public in the first place Description The U.S. Securities and Exchange Commission (SEC) has claimed in court regarding the Coinbase case that the agency’s decision to approve a company’s S-1 application does not represent a “blessing” from it. Additionally, it does not offer evidence that the company complies with regulations. According to court filings from the pre-motion hearing in the SEC … Read more The U.S. Securities and Exchange Commission (SEC) has claimed in court regarding the Coinbase case that the agency’s decision to approve a company’s S-1 application does not represent a “blessing” from it. Additionally, it does not offer evidence that the company complies with regulations. According to court filings from the pre-motion hearing in the SEC v. Coinbase lawsuit on July 13, the SEC claimed that when it approved Coinbase’s plan to go public in April 2021,…

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