Best Twitter threads of the day – August 28th

Related articles

• Cardano (ADA) founder dismisses allegations of Ripple internship, seeks reconciliation with XRP community

  TL;DR Breakdown In response to allegations that he had served as an intern at Ripple, Charles Hoskinson of Cardano has denied this and stated that Vitalik Buterin, an Ethereum co-founder, was involved. Vitalik Buterin, the co-founder of Ethereum, could not obtain the internship position at the cryptocurrency payment startup due to visa issues. In an effort to promote cooperation, Hoskinson and the XRP community are working to mend their formerly acrimonious relations. Description Charles Hoskinson, the creator of Cardano, has addressed claims about his claimed prior internship with Ripple and clarified that he never worked for the blockchain company in any capacity. This is a surprise development. The information was revealed as Hoskinson tried to reach a settlement with the XRP community amid ongoing legal disputes and regulatory … Read more Charles Hoskinson, the creator of Cardano, has addressed claims about his claimed prior internship with Ripple and clarified that he never worked for the blockchain company in any capacity. This is a surprise development. The information was revealed as Hoskinson tried to reach a settlement with the XRP community…

  Article 2023年6月28日

• Hinman emails unveiled in Ripple case reveal internal deliberations on Ether’s regulatory status: Details

  TL;DR Breakdown Recently released Hinman emails reveal internal discussions on the regulatory status of Ethereum (ETH) and the clarity of William Hinman’s 2018 speech. Ripple CEO Brad Garlinghouse criticizes the SEC’s conduct and lack of regulatory clarity, calling it “politically motivated overreach.” The impact of the emails on the Ripple-SEC lawsuit is still unclear, but the XRP price has already experienced a notable increase. In a recent development in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), previously undisclosed emails have been released, shedding light on internal deliberations within the SEC regarding the regulatory status of Ethereum (ETH). The emails, published by Ripple, are tied to the 2018 speech by former SEC Director of Corporation Finance, William Hinman, who stated that Ether did not appear to be a security. However, these emails have sparked discussions about the clarity of the speech and its implications for the regulatory treatment of digital assets. The released emails show SEC officials engaged in conversations about the language used in Hinman’s speech, with some expressing the need for clearer…

  Article 2023年6月16日

• Tether uses Bitcoin to strengthen its reserves

  TL;DR Breakdown Tether International Limited has announced a new investment strategy where it will use up to 15% of its net realized operating profits to purchase Bitcoin regularly. The Bitcoin purchase initiative aims to strengthen, diversify, and amplify Tether’s reserves, enhancing transparency about the company’s performance and capital allocation strategy. Unlike other institutional investors, Tether maintains possession of the private keys for all its Bitcoin holdings, demonstrating a strong commitment to security. In a bold move that marks a significant strategy shift, Tether International Limited, the organization behind the pioneer and most popular stablecoin, has declared its new investment plan. The strategy entails strengthening its reserves portfolio through periodic Bitcoin (BTC) purchases, using up to 15% of its net realized operating profits, according to the company’s recent announcement. Tether’s investment strategy The company’s recent endeavors to purchase Bitcoin are part of an initiative aimed at amplifying, diversifying, and fortifying its reserves. By doing so, Tether aims to enhance transparency, providing a more precise portrayal of its financial performance and capital allocation strategy. The company stated that it would concentrate solely…

  Article 2023年5月18日

• NFT artists lose fortune as royalties plummet

  TL;DR Breakdown NFT market sees declining artist incomes due to slashed royalties. Leading NFT platforms Blur and OpenSea reduce royalties to boost sales. Trading volumes dropped 95% since January 2022. Description Artists behind the once-thriving Non-Fungible Token (NFT) market are grappling with dwindling fortunes. The world of digital collectibles, which once soared to unimaginable heights, is now undergoing a massive shake-up. One might argue it’s the inevitable result of over-speculation and greed. Markets Nose-Dive, Creators Bear the Brunt Leading NFT platforms Blur and OpenSea, perhaps in … Read more Artists behind the once-thriving Non-Fungible Token (NFT) market are grappling with dwindling fortunes. The world of digital collectibles, which once soared to unimaginable heights, is now undergoing a massive shake-up. One might argue it’s the inevitable result of over-speculation and greed. Markets Nose-Dive, Creators Bear the Brunt Leading NFT platforms Blur and OpenSea, perhaps in desperation or sheer audacity, have opted for slashing the royalties handed out to artists. It’s a transparent bid to revitalize the sagging buying and selling activity. These platforms seem to be in a free-fall race, putting…

  Article 2023年8月7日

• Visa expands stablecoin settlement to Solana, partners with Worldpay and Nuvei

  TL;DR Breakdown Visa has expanded its stablecoin settlement capabilities to include the Solana blockchain, in addition to its existing Ethereum-based services, partnering with merchant acquirers Worldpay and Nuvei for pilot programs. The expansion aims to speed up cross-border settlements and offer merchants more diversified funding options, especially those in the blockchain and crypto economy. The move marks Visa’s inclusion of Solana as a supported blockchain for settlements, making it one of the first major payment companies to do so, and highlights the growing interest in stablecoins as a viable payment option. Description Visa, a global leader in digital payments, has expanded its stablecoin settlement capabilities to include the high-performing Solana blockchain. The move comes in partnership with merchant acquirers Worldpay and Nuvei, aiming to modernize cross-border money movement and offer more payment options to merchants. Pioneering stablecoin settlements across blockchains Visa’s latest expansion is part of its … Read more Visa, a global leader in digital payments, has expanded its stablecoin settlement capabilities to include the high-performing Solana blockchain. The move comes in partnership with merchant acquirers Worldpay and Nuvei,…

  Article 2023年9月6日