Best Twitter threads of the day – August 30th

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• Celsius Network’s App Shutdown: A New Chapter Begins Amid Financial Struggles

  TL;DR Breakdown Amidst legal challenges and the arrest of its former CEO, Celsius Network announces the shutdown of its app, giving users a 90-day window for withdrawals. A new entity, “NewCo,” is set to rise, focusing on crypto mining and staking, with plans to be listed on NASDAQ, signaling a fresh start for the company. Description In the ever-evolving world of cryptocurrency, companies face both highs and lows. One such company, Celsius Network, has recently been at the center of financial controversies and legal challenges. Launched in 2017, the company has announced the impending shutdown of its app. However, as one chapter closes, another begins with the rise of a new … Read more In the ever-evolving world of cryptocurrency, companies face both highs and lows. One such company, Celsius Network, has recently been at the center of financial controversies and legal challenges. Launched in 2017, the company has announced the impending shutdown of its app. However, as one chapter closes, another begins with the rise of a new entity named “NewCo.” Contents hide 1 The Downfall of Celsius Network:…

  Article 2023年8月14日

• German economy experienced stagnation in Q2 after recession

  TL;DR Breakdown The German economy exhibited stagnation in comparison to the preceding three months in Q2, following a winter recession. Bundesbank President Joachim has refuted claims that Germany is regressing to being the “sick man of Europe,” emphasizing the adaptive capability of the German economy. Description Newly released data has confirmed earlier assessments that Germany effectively exited its recession in the second quarter. The revised statistics affirm that the country’s economy encountered a period of stagnation rather than contraction in the three-month interval concluding in June. Germany’s economic growth has been in stagnation Data released indicate that output remained stagnant during … Read more Newly released data has confirmed earlier assessments that Germany effectively exited its recession in the second quarter. The revised statistics affirm that the country’s economy encountered a period of stagnation rather than contraction in the three-month interval concluding in June. Germany’s economic growth has been in stagnation Data released indicate that output remained stagnant during the three months ending in June, aligning with the initial estimate and median forecast. The reasons behind this stagnation include sluggish…

  Article 2023年8月25日

• Avalanche price analysis: AVAX crashes to $14.4

  TL;DR Breakdown Avalanche price analysis is bearish today. The strongest resistance is present at $17.4. The trading price of AVAX is $14.46 at the time of writing. Avalanche price analysis indicates the emergence of a bearish trend that is progressively gaining strength, with substantial potential for further downward movement. The AVAX/USD trading pair is currently priced at $14.4, indicating a 0.88% decrease over the last 24 hours. The market witnessed a substantial decline in the previous day, marked by a swift downward trend. However, the market has shown signs of positive bullish activity at the start of today, following its drop below the $14.3 level. Additionally, there has been a decrease in market volatility, creating a favorable environment for potential recovery by bullish investors. As of today, the price of Avalanche (AVAX) stands at $14.48, accompanied by a 24-hour trading volume of $106.18 million. The market capitalization of Avalanche is estimated to be $4.82 billion, with a market dominance of 0.42%. Over the past 24 hours, the AVAX price has experienced a decrease of -0.93%. The current sentiment for Avalanche’s…

  Article 2023年5月22日

• YouTube reverses its election misinformation policy

  TL;DR Breakdown YouTube has announced that it has reversed its stance on misinformation regarding the US elections. Implications and controversies surrounding the decision. YouTube, a major online platform, has announced its decision to reverse its rules surrounding election denialism, allowing previously prohibited false claims about the 2020 U.S. election and past presidential elections. The company’s policy shift, effective immediately, marks a significant departure from its previous stance on combating misinformation during the electoral process. Axios initially reported on the changes. YouTube will allow some already removed content In a blog post, YouTube explained its rationale for this decision, stating that while content removal may curb some misinformation, it could inadvertently limit political speech without significantly reducing the risk of real-world harm or violence. With the 2024 campaigns already underway, the platform intends to cease removing content that promotes false claims of widespread fraud, errors, or glitches during the 2020 election and previous presidential elections. However, YouTube will continue to prohibit certain types of false election-related claims. Examples include misleading information about polling place locations and any other efforts aimed at…

  Article 2023年6月8日

• Binance Appoints New Chief Strategy Officer Amid Regulatory Scrutiny

  TL;DR Breakdown Binance, facing regulatory scrutiny in the US, experiences the departures of key executives, including the Chief Strategy Officer. Despite the negative developments, Bitcoin’s price shows resilience, indicating the market’s ability to absorb regulatory challenges. Description Binance, the world’s leading cryptocurrency exchange, has been under the radar of regulatory authorities in the United States. With recent lawsuits and enforcement actions by the US Securities and Exchange Commission (SEC), several top executives, including the Chief Strategy Officer Patrick Hillmann, have left the US arm of the exchange.  However, Binance maintains that these … Read more Binance, the world’s leading cryptocurrency exchange, has been under the radar of regulatory authorities in the United States. With recent lawsuits and enforcement actions by the US Securities and Exchange Commission (SEC), several top executives, including the Chief Strategy Officer Patrick Hillmann, have left the US arm of the exchange.  However, Binance maintains that these departures are part of normal turnover. Amidst these developments, the exchange has reportedly found a replacement for Hillmann. Additionally, the regulatory onslaught has shed light on Bitcoin’s resilience in the…

  Article 2023年7月9日