Best Twitter threads of the day – August 28th

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• Monero price analysis: XMR trades at $136, as bulls struggle to climb past $137.00

  TL;DR Breakdown Monero price analysis suggests sideways movement across the short term. The closest support level lies at $135.00 XMR faces resistance at the $147.00 mark The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $138.00 level and seems to be recovering further.  The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include BNB and XRP recording a 9.56 and an 8.53 percent decline respectively.  Monero price analysis: XMR sticks to $136.00 Technical indicators for XMR/USDT by Tradingview The MACD is currently bearish as expressed in the red colour of the histogram. On the other hand, the lighter shade of the indicator suggests an increasing bearish momentum as the price bounces back at the $135.00 support level.  The EMAs are trading below the mean position as net price movement over the last ten days remains strongly negative. Currently, the EMAs are trading far from each other showing strong bearish momentum…

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• Binance delists sanctioned Russian Banks from its peer-to-peer service

  TL;DR Breakdown Binance removed five sanctioned Russian banks from its peer-to-peer service to comply with international sanctions and regulatory standards. The move underscores the growing tension between cryptocurrency exchanges and global regulatory frameworks, with Binance aiming to bolster its legal standing. Description In a move that underscores the ongoing tension between cryptocurrency exchanges and global regulatory standards, Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of five sanctioned Russian banks from its peer-to-peer (P2P) service. This decision comes amidst growing concerns over the potential misuse of the platform by Russian users to move … Read more In a move that underscores the ongoing tension between cryptocurrency exchanges and global regulatory standards, Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of five sanctioned Russian banks from its peer-to-peer (P2P) service. This decision comes amidst growing concerns over the potential misuse of the platform by Russian users to move funds overseas, which could further complicate the exchange’s legal standing. Contents hide 1 A response to regulatory standards 2 Binance’s legal quandaries 3 The broader…

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• FedNow launch imminent: Key details finally revealed

  TL;DR Breakdown The U.S Federal Reserve is set to launch FedNow, a service allowing real-time fund transfers 24/7. FedNow will partner with 41 banks and 15 service providers initially, including major and community banks. The system allows direct settlements in central bank accounts, different from intermediary services like PayPal. Description The much-anticipated FedNow service, the product of the U.S. Federal Reserve’s painstaking endeavors, is primed for an imminent launch. Positioned to revolutionize the United States payment system, FedNow promises instant fund transfers 24/7 for all Americans. This major leap forward aims to streamline transactions and put an end to the multi-day waiting period that’s been … Read more The much-anticipated FedNow service, the product of the U.S. Federal Reserve’s painstaking endeavors, is primed for an imminent launch. Positioned to revolutionize the United States payment system, FedNow promises instant fund transfers 24/7 for all Americans. This major leap forward aims to streamline transactions and put an end to the multi-day waiting period that’s been a bottleneck in domestic financial exchanges. Bringing real-time payments to the forefront FedNow’s conception dates back to…

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• Bitcoin gains popularity in Japan as Yen’s volatility escalates

  TL;DR Breakdown Kaiko data shows the share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in Q1 2023. Historical data shows that citizens of nations plagued by inflation have embraced digital assets, and Japanese traders have joined the bandwagon. Trading activity on Japan-focused exchanges has increased faster than in Korean markets and the Coinbase exchange listed on the Nasdaq. The global 4-decade inflation rate is pushing investors to digital assets and natural resources. Description Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in history. The volatility has traders on Japan-focused digital asset exchanges turning … Read more Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in…

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• Nigeria seeks partnerships with experts on national AI research

  TL;DR Breakdown Nigeria is seeking partnerships with local and international experts for collaboration on AI. NITDA plans to use AI to reshape Nigeria’s technological landscape. Description Nigeria is embarking on a pioneering endeavor that seeks to leverage the expertise of scientists with Nigerian heritage and internationally acclaimed AI specialists in the creation of its National Artificial Intelligence (AI) Strategy. The announcement, made by Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, on social media platform X (formerly Twitter), underscores the … Read more Nigeria is embarking on a pioneering endeavor that seeks to leverage the expertise of scientists with Nigerian heritage and internationally acclaimed AI specialists in the creation of its National Artificial Intelligence (AI) Strategy. The announcement, made by Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, on social media platform X (formerly Twitter), underscores the country’s commitment to harnessing AI for transformative growth. NITDA announces plans for collaborative AI research Central to this initiative is the National Information Technology Development Agency (NITDA), which has initiated the development of the National AI Strategy. This strategic move aims…

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