Best Twitter threads of the day – August 30th

Related articles

• Fidelity’s epic move: $13.2b mutual funds for ETFs

  TL;DR Breakdown Fidelity plans to convert six of its mutual funds, totaling $13.2 billion, into ETFs by November this year. The change aims to provide investors with greater trading flexibility, increased transparency, lower expenses, and enhanced tax efficiency. Despite some funds experiencing outflows, others attracted substantial inflows, painting a mixed picture of the current status. Description In a landmark move that echoes the larger currents of change sweeping the investment industry, Fidelity, the financial behemoth, is set to translate a sizable portion of its mutual funds assets—$13.2 billion to be precise—into Exchange Traded Funds (ETFs). This shift, slated for November this year, signals a visionary approach from Fidelity, one that could … Read more In a landmark move that echoes the larger currents of change sweeping the investment industry, Fidelity, the financial behemoth, is set to translate a sizable portion of its mutual funds assets—$13.2 billion to be precise—into Exchange Traded Funds (ETFs). This shift, slated for November this year, signals a visionary approach from Fidelity, one that could redefine the investment landscape while providing compelling benefits to its investors….

  Article 2023年7月8日

• China and Russia hasten BRICS payments system plans

  TL;DR Breakdown China and Russia are hastening their innovative BRICS payment infrastructure, potentially revolutionizing international trade. The cutting-edge payment system, due to be revealed post-BRICS summit 2023, will integrate the BRICS and SCO currencies, streamlining cross-border transactions. India expresses skepticism towards China’s intentions within the alliance, suspecting it is leveraging the emerging economies as a means to global superpower status. In an ambitious move indicative of evolving global finance, China and Russia are set to accelerate their development of a revolutionary payments infrastructure that will serve the economic partnership known as BRICS. The robust system is set to revamp international trade by integrating the nascent BRICS currency and streamlining cross-border transactions. New horizons in BRICS payment infrastructure Igor Shuvalov, the Chairman of Russia’s National Economic Development Institution, known as VEB.RF, is a key advocate for the urgency of the project. Speaking ahead of the upcoming BRICS summit, Shuvalov implored leaders of the Russian Federation and China to expedite progress in building the payments system. The new payment architecture, which Shuvalov described as leveraging “cutting-edge” technology, is expected to be officially…

  Article 2023年5月27日

• Fed orders teen hacker to return $5.2M in BTC stolen in 2016

  TL;DR Breakdown The FED has ordered a crypto hacker, Ahmad Wagaafe Hared, to return $5.2 million in stolen Bitcoin and a BMW i8 purchased with the stolen BTC. The crypto hacker used SIM swapping, where Hared’s alleged team transferred the designated phone number to their own devices. The case is tied to that of  Anthony Francis Faulk, who defrauded 11 victims of more than $3.4 million. Description In a case that exemplifies the murky intersection between cutting-edge technology and traditional criminal justice, federal authorities are pursuing a teenage hacker accused of stealing millions of dollars in Bitcoin. The officials are not only seeking the return of $5.2 million in stolen crypto but have also set their sights on a high-end sports car, … Read more In a case that exemplifies the murky intersection between cutting-edge technology and traditional criminal justice, federal authorities are pursuing a teenage hacker accused of stealing millions of dollars in Bitcoin. The officials are not only seeking the return of $5.2 million in stolen crypto but have also set their sights on a high-end sports car,…

  Article 2023年9月12日

• FTX founder Sam Bankman-Fried seeks permission to work with legal team outside detention center

  TL;DR Breakdown FTX founder Sam Bankman-Fried requests permission to spend five weekdays outside the Metropolitan Detention Center in Brooklyn. SBF’s legal representatives have stated that their client needs help reviewing the extensive case documents while confined to the detention center. Everdell argued that allowing SBF access to his legal team and an internet-enabled laptop on courthouse premises would speed up the proceedings. Description FTX founder Sam Bankman-Fried requests permission to spend five weekdays outside the Metropolitan Detention Center in Brooklyn, New York, to work with his legal team on his defense case. In a letter sent to Judge Lewis Kaplan on Friday, as reported by Bloomberg, SBF’s legal representatives stated that their client struggles to review the extensive … Read more FTX founder Sam Bankman-Fried requests permission to spend five weekdays outside the Metropolitan Detention Center in Brooklyn, New York, to work with his legal team on his defense case. In a letter sent to Judge Lewis Kaplan on Friday, as reported by Bloomberg, SBF’s legal representatives stated that their client struggles to review the extensive documents related to the…

  Article 2023年8月19日

• Bitcoin backer Ron DeSantis, US presidential candidate, pledges unwavering support

  TL;DR Breakdown Ron DeSantis, a US presidential candidate, has released a ‘Bitcoin Declaration’ promising strong support for Bitcoin and opposition to CBDCs. DeSantis’ stance on cryptocurrencies could significantly influence the regulatory landscape, potentially shaping the future of digital currencies in the United States. Description In an unprecedented move that underscores the growing influence of cryptocurrencies in politics, United States presidential candidate and Florida Governor Ron DeSantis has recently published a groundbreaking “Bitcoin Declaration.” This declaration is a commitment to embrace and support Bitcoin and the broader cryptocurrency ecosystem. With the 2024 presidential election looming, DeSantis is making a name … Read more In an unprecedented move that underscores the growing influence of cryptocurrencies in politics, United States presidential candidate and Florida Governor Ron DeSantis has recently published a groundbreaking “Bitcoin Declaration.” This declaration is a commitment to embrace and support Bitcoin and the broader cryptocurrency ecosystem. With the 2024 presidential election looming, DeSantis is making a name for himself as one of the strongest advocates for digital currencies in US political leadership. Contents hide 1 DeSantis’ pledge to protect Bitcoin…

  Article 2023年9月4日