Top crypto tweets of the day – August 9th

Related articles

• Strike transitions to an in-house crypto custody

  TL;DR Breakdown Strike has announced that it is transitioning to an in-house custody system. The firm plans to provide new features and services. Strike, a prominent digital payments company, has announced that it has completed the migration of all customer assets, including bitcoin (BTC) and U.S. dollars (USD), to its in-house infrastructure. The move, which has been in progress for two years, is aimed at reducing counterparty risk and enhancing the performance and reliability of Strike’s products and services. Strike says the move will help improve user experience The decision to bring custody in-house comes in the wake of speculation surrounding the bankruptcy of Strike’s former custodian, Prime Trust. While Prime Trust has agreed to sell itself to digital asset custody rival BitGo, other Bitcoin financial services firm Swan Bitcoin has also recently severed ties with Prime Trust. Strike, however, refrained from commenting on the situation, emphasizing that its plan to internalize custody has been a long-standing strategy. By assuming direct custody of Bitcoin and fiat assets, Strike aims to eliminate the need for intermediaries between the company and its…

  Article 2023年6月14日

• Optimism launches Law of Chains to enhance Superchain infrastructure 

  TL;DR Breakdown Optimism has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. Superchains will benefit from constant development and access to better and more accessible infrastructure. Optimism has attracted more growth, such as Worldcoin’s migration to the scaling solution. Description Optimism, an Ethereum L2 scaling layer, has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. The project aims to promote the fundamental concepts of user protection, decentralization, and economic autonomy. Meanwhile, feedback from the community is welcome on … Read more Optimism, an Ethereum L2 scaling layer, has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. The project aims to promote the fundamental concepts of user protection, decentralization, and economic autonomy. Meanwhile, feedback from the community is welcome on the current v0.1 version. Optimism’s Law of Chains to improve…

  Article 2023年7月26日

• Tensions rise as Meta distances itself from news publishers

  TL;DR Breakdown Meta is reducing its engagement with news publishers, focusing less on current affairs on its platforms. The company launched a text-based app, Threads, that prioritizes non-news content. Meta is in conflict with Canada’s government over legislation requiring platforms to pay for publishers’ content. Description Tensions are escalating as Meta, the parent company of Facebook, Whatsapp, Threads, and Instagram grows increasingly distant from news publishers, sparking widespread concern. This move comes amidst a shift in strategy where the technology titan has been giving less attention to politics and current affairs on its platforms, while simultaneously shrugging off governmental calls for … Read more Tensions are escalating as Meta, the parent company of Facebook, Whatsapp, Threads, and Instagram grows increasingly distant from news publishers, sparking widespread concern. This move comes amidst a shift in strategy where the technology titan has been giving less attention to politics and current affairs on its platforms, while simultaneously shrugging off governmental calls for increased payments to media outlets. Meta’s growing reluctance: A strategic move In a pivotal turn, Meta has distanced itself from the…

  Article 2023年7月20日

• Federal prosecutors accuse former FTX CEO’s defense team of biased juror selection

  TL;DR Breakdown Federal prosecutors have accused the defense team of Sam Bankman-Fried, former FTX CEO, of trying to bias potential jurors in his upcoming criminal trial through controversial voir dire questions. The prosecutors objected to specific questions that they claim are “unnecessarily intrusive” and could give the defense an unfair advantage, while the defense has raised concerns about the government’s conduct and overwhelming evidence. The trial, scheduled to begin on October 6, is already mired in controversies, including leaked writings from Bankman-Fried and disputes over jury selection, making it a high-stakes case in the cryptocurrency industry. Description Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting to bias potential jurors in the upcoming criminal trial. The prosecutors submitted a filing last Friday, requesting the presiding judge to discard a series of questions proposed by the defense … Read more Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting…

  Article 2023年9月18日

• BRICS bank launches ZAR bonds – What this means

  TL;DR Breakdown The New Development Bank of the BRICS group has launched its first-ever bonds in South African Rand (ZAR). The move is aimed at bolstering local currency fundraising and lending. While China has seen local NDB bond issuances, this is the bank’s initial foray outside of China. Description Brace yourselves, financial aficionados: The New Development Bank (NDB), the brainchild of the BRICS brigade, has just unleashed its inaugural bonds in South African Rand (ZAR). While this might sound like just another banking move to the untrained ear, there’s more to this than meets the eye. A Strategic Play or a Desperate Move? With … Read more Brace yourselves, financial aficionados: The New Development Bank (NDB), the brainchild of the BRICS brigade, has just unleashed its inaugural bonds in South African Rand (ZAR). While this might sound like just another banking move to the untrained ear, there’s more to this than meets the eye. A Strategic Play or a Desperate Move? With a 1.5 billion rand (pushing close to $78 million) bond issuance, the NDB is clearly not here for…

  Article 2023年8月19日