Best Twitter threads of the day – August 9th

Related articles

• Circle CEO warns Congress about threats to the dollar

  TL;DR Breakdown Circle CEO Jeremy Allaire has warned congress about threats to the status of the dollar as a reserve currency. Industry leaders advocate for well-regulated stablecoins. Description Circle CEO Jeremy Allaire, has sounded the alarm about the United States dollar’s position as a global reserve currency. In a two-minute video released by Circle on July 13, Allaire directed his message to lawmakers, emphasizing the urgent need for Congress to regulate stablecoins. Circle CEO wants urgent regulation of stablecoins The call for action … Read more Circle CEO Jeremy Allaire, has sounded the alarm about the United States dollar’s position as a global reserve currency. In a two-minute video released by Circle on July 13, Allaire directed his message to lawmakers, emphasizing the urgent need for Congress to regulate stablecoins. Circle CEO wants urgent regulation of stablecoins The call for action comes as bipartisan legislation specifically addressing digital assets was reintroduced to Congress on July 12, after originally being proposed over a year ago in June 2022. The Circle CEO expressed concern about the increasing competition faced by the US…

  Article 2023年7月15日

• XDC secures Japanese foothold through SBI partnership

  TL;DR Breakdown The enterprise hybrid blockchain solution, XDC Network, is expanding its reach in the Japanese market through a partnership with SBI VC Trade, a cryptocurrency exchange subsidiary of the Tokyo-based financial holding company, SBI. The XDC token has experienced significant growth, becoming one of the top 5 altcoin gainers in March 2023 with a 54% increase over 30 days. The network supports Ethereum Virtual Machine-compatible smart contracts, protocols, and cross-chain token transfers and is ISO-20022 compliant, an international standard for data interchange between financial institutions. Under the banner of innovation and expansion, XDC Network, the enterprise hybrid blockchain solution previously known as XinFin, is paving the way for increased influence in Japan’s bustling financial markets. This ambitious objective has been realized through its strategic partnership with SBI VC Trade, a reputable cryptocurrency exchange subsidiary of the Tokyo-based financial behemoth, SBI Holdings. New horizons: XDC Network and SBI VC trade partnership The collaboration was publicly confirmed on May 31, when XDC Network proudly announced its integration into SBI’s cryptocurrency exchange arm. Fumiki Ozaki, the CEO of the exchange, expressed his…

  Article 2023年6月4日

• Microsoft and Visa sign up for Brazil CBDC pilot

  TL;DR Breakdown Brazil’s central bank, Banco Central do Brasil, is launching a central bank digital currency (CBDC) pilot project, attracting interest from both national and global companies. Tech giant Microsoft, Brazil-based bank Banco Inter, and digital technology firm 7COMm have teamed up as one of the 14 selected participants in the pilot project. In a remarkable stride towards digitization, Brazil’s central bank is steering the country towards the integration of a digital version of its national currency, the real. The Banco Central do Brasil has unveiled plans to inaugurate a central bank digital currency (CBDC) pilot project, garnering significant interest from a diverse range of participants, both domestic and international. Among these participants, tech powerhouse Microsoft has made a prominent entrance into the scene, partnered with Brazil-based Banco Inter and the digital technology firm 7COMm. A promising assemblage for the CBDC pilot project The finalized list of participants for this pilot project was made public on May 24th, compiled from a whopping 36 applications that represented more than 100 institutions. Out of these applications, only 14 entities made the cut,…

  Article 2023年5月28日

• Grayscale CEO urges US to embrace emerging crypto sector

  TL;DR Breakdown Michael Sonnenshein, Grayscale’s CEO, points out the crypto market is still in its early stages compared to traditional finance. Global organizations like the G20 and IMF increasingly focus on cryptocurrency regulations. Sonnenshein stresses the need for bipartisan discussions in Washington and engagement with crypto industry experts. Description In recent remarks to Yahoo Finance, Michael Sonnenshein, the CEO of Grayscale, highlighted the still-emergent nature of the cryptocurrency market. Compared to traditional financial markets, he described the crypto sector as still “in its infancy.” Yet, its growing prominence is undeniable, given the attention it now commands from global entities like the G20 and the … Read more In recent remarks to Yahoo Finance, Michael Sonnenshein, the CEO of Grayscale, highlighted the still-emergent nature of the cryptocurrency market. Compared to traditional financial markets, he described the crypto sector as still “in its infancy.” Yet, its growing prominence is undeniable, given the attention it now commands from global entities like the G20 and the IMF. Signifying a significant shift, such international platforms now discuss and deliberate over crypto regulations. Sonnenshein believes that…

  Article 2023年9月20日

• The Jets QB’s injury at the Bills Match sends Draftkings NFT soaring

  TL;DR Breakdown Jets QB Aaron Rodgers’s Achilles injury sends the value of Wilson’s fantasy football NFT to the sky. Wilson’s elite digital play card on Reignmakers for the NFL 2023 team, a polygon-based NFT with 30 editions, was priced at $69 and $99 during kickoff and rose to $400 on secondary markets after the QB’s injury.  The NFT market is in a stagnant state due to the ongoing bear market caused by factors such as regulatory scrutiny frustrating a number of projects, scams, and skeptical investors. Description The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against the NFL franchise, the Buffalo Bills.  The QB is feared to have injured his Achilles, which may keep him off … Read more The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against…

  Article 2023年9月14日