Best Twitter threads of the day – August 28th

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• Binance wants to leave Russia for shocking reason

  TL;DR Breakdown Binance contemplates withdrawing services from Russia due to U.S. sanctions. The crypto exchange recently delisted select Russian banks and imposed currency restrictions. Other platforms like Bybit and OKX also reconsider their Russian engagements. Russia plans to introduce digital rubles by 2027. Description Binance, a behemoth in the cryptocurrency exchange realm, seems ready to make an audacious move – possibly withdrawing its extensive services from Russia. This comes amidst escalating sanctions, with the United States leading the charge against the crypto giant. Mounting Global Pressures The undercurrents of Binance‘s contemplation could be felt long before it became public … Read more Binance, a behemoth in the cryptocurrency exchange realm, seems ready to make an audacious move – possibly withdrawing its extensive services from Russia. This comes amidst escalating sanctions, with the United States leading the charge against the crypto giant. Mounting Global Pressures The undercurrents of Binance‘s contemplation could be felt long before it became public knowledge. Just recently, the exchange made the strategic decision to delist certain Russian financial establishments from its peer-to-peer payment platform. This meant not…

  Article 2023年8月30日

• Trump’s hidden crypto treasures, $2.8M Ethereum wallet unearthed

  TL;DR Breakdown Former United States President, Donald Trump is reported to possess a substantial sum of over $2.8 million in an Ethereum wallet. Trump’s Ethereum wallet at $2.8 million is considerably higher than the previously disclosed figure of $250,000 to $500,000 mentioned in Trump’s filing back in April. Despite his newfound financial involvement in the crypto space, he has historically expressed skepticism about digital currencies. Description Fresh financial disclosures have shed light on the cryptocurrency holdings of former United States President, Donald Trump. According to recently revealed financial statements, Trump is reported to possess a substantial sum of over $2.8 million in an Ethereum wallet. These statements were made public on August 14 by the nonprofit organization Citizens for Responsibility and … Read more Fresh financial disclosures have shed light on the cryptocurrency holdings of former United States President, Donald Trump. According to recently revealed financial statements, Trump is reported to possess a substantial sum of over $2.8 million in an Ethereum wallet. These statements were made public on August 14 by the nonprofit organization Citizens for Responsibility and Ethics…

  Article 2023年8月17日

• TrueUSD reassures users of no exposure to Prime Trust amid regulatory challenges

  TL;DR Breakdown TrueUSD stablecoin project assures users of no exposure to Prime Trust as the company faces regulatory challenges. Prime Trust’s sudden suspension of deposits and withdrawals raises concerns, leaving clients’ funds stranded. TUSD’s volatility triggers fluctuations in loan markets, with borrowing rates surging, highlighting the potential for depegging scenarios. Description TrueUSD has swiftly moved to restore confidence in its dollar-backed TUSD stablecoin after Nevada-based Prime Trust, a crucial technology partner, faced regulatory hurdles. Prime Trust’s abrupt suspension of all fiat and cryptocurrency deposits and withdrawals, following state financial regulators’ orders, left many clients stranded and concerned about their funds. In response to the situation, TrueUSD … Read more TrueUSD has swiftly moved to restore confidence in its dollar-backed TUSD stablecoin after Nevada-based Prime Trust, a crucial technology partner, faced regulatory hurdles. Prime Trust’s abrupt suspension of all fiat and cryptocurrency deposits and withdrawals, following state financial regulators’ orders, left many clients stranded and concerned about their funds. In response to the situation, TrueUSD took to Twitter to reassure its users that it had “no exposure” to Prime Trust. The…

  Article 2023年6月25日

• The shocking costs of Bitcoin mining

  TL;DR Breakdown A recent CoinGecko study revealed that the average electricity cost to mine a single Bitcoin at the household level is $46,291.24, with significant cost disparities across regions. While Europe has the highest average household electricity cost for mining, Asia offers the most profitability, with 34 out of 65 countries providing cost-effective solo Bitcoin mining. Despite potential profits, nine countries have banned cryptocurrency mining, trading, and use, yet most of these nations still offer profitable solo Bitcoin mining opportunities. Description In a recent study by CoinGecko, the costs associated with Bitcoin mining at the household level were analyzed, revealing significant disparities across different regions. The study shows that Europe and Australia are the most expensive regions for mining Bitcoin, followed by the United States. On the other hand, some countries in West Asia and North … Read more In a recent study by CoinGecko, the costs associated with Bitcoin mining at the household level were analyzed, revealing significant disparities across different regions. The study shows that Europe and Australia are the most expensive regions for mining Bitcoin, followed by…

  Article 2023年8月20日

• JPMorgan economists foresee steady U.S. economic growth

  TL;DR Breakdown JP Morgan economists have reversed their previous claims about the U.S. economy while seeing steady economic growth. Navigating economic resilience and global realities. Description In a significant departure from their earlier forecasts, JPMorgan’s team of economists has abandoned predictions of an imminent U.S. recession. Leading the way is the bank’s Chief U.S. Economist, Michael Feroli, who exudes confidence that the American economy will chart a path of modest yet consistent growth for the remainder of this year and well … Read more In a significant departure from their earlier forecasts, JPMorgan’s team of economists has abandoned predictions of an imminent U.S. recession. Leading the way is the bank’s Chief U.S. Economist, Michael Feroli, who exudes confidence that the American economy will chart a path of modest yet consistent growth for the remainder of this year and well into 2024. Following in the footsteps of Bank of America, JPMorgan’s economists have discarded their earlier projections of an impending recession. JPMorgan economists reverse previous gloom prediction The bank, previously anticipating a downturn in 2023, now embraces a more optimistic viewpoint,…

  Article 2023年8月6日