Top crypto tweets of the day – August 30th

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• Sony Network fueling web3 adoption in Japan

  TL;DR Breakdown Sony Network Communications, a Sony subsidiary, has collaborated with Japanese Web3 tech company Startale Labs, investing $3.5 million to support global Web3 adoption. This partnership will expedite Startale’s development of Web3 services and products, aiming to link real-world assets with the Web3 ecosystem. The president of Sony Network Communications, Jun Watanabe, has been appointed as director of Startale Labs. Description In a remarkable stride towards the future of technology, Sony Network Communications, an influential subsidiary of Sony, has announced a significant move that seeks to bolster the adaptation and global infrastructure of Web3. This ambitious endeavor is the latest in a series of forays by the company into the realm of groundbreaking technologies. A strategic … Read more In a remarkable stride towards the future of technology, Sony Network Communications, an influential subsidiary of Sony, has announced a significant move that seeks to bolster the adaptation and global infrastructure of Web3. This ambitious endeavor is the latest in a series of forays by the company into the realm of groundbreaking technologies. A strategic partnership nurturing the growth of…

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• British Museum partners with The Sandbox to create digital collectibles

  TL;DR Breakdown The British Museum has joined forces with The Sandbox to float its NFT collection. The intersection of art and blockchain in the museum landscape. Description The British Museum, a venerable cultural institution in London, is venturing into the world of Non-Fungible Tokens (NFTs) through a partnership with the Ethereum-based metaverse game, The Sandbox. Collaborating with French startup LaCollection, the museum aims to develop a range of NFT digital collectibles that will showcase the breadth and depth of its extensive collections … Read more The British Museum, a venerable cultural institution in London, is venturing into the world of Non-Fungible Tokens (NFTs) through a partnership with the Ethereum-based metaverse game, The Sandbox. Collaborating with French startup LaCollection, the museum aims to develop a range of NFT digital collectibles that will showcase the breadth and depth of its extensive collections while offering new immersive experiences to users. The British Museum recognizes the potential of Web3 technology The collaboration marks a significant step for The British Museum, which was founded in 1753 and stands as the world’s first national public museum….

  Article 2023年7月29日

• U.S. debt deal approved with bipartisan backing

  TL;DR Breakdown The U.S. House of Representatives has approved a bill to suspend the $31.4 trillion debt ceiling, preventing a potential financial crisis. The bill received bipartisan support with majority votes from both Democrats and Republicans, indicating unity amidst usually polarized political spheres. President Joe Biden praised the passage of the bill and urged the Senate to quickly follow suit to avoid an impending government default. In a monumental political move, the House of Representatives in the U.S. has approved a bill to suspend the $31.4 trillion debt ceiling, a move marked by unity from both sides of the aisle. The passage of this legislation comes in the wake of fears of a potential financial catastrophe should the federal government default on its payments. A display of bipartisan support Defying the polarization often seen in the current political climate, the bill found favor with a majority of both Democrats and Republicans, allowing it to overcome resistance spearheaded by a faction of staunch conservatives. The final vote revealed a divided Republican party, with the tally standing at 314-117 in favor of…

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• Pro-XRP advocate outlines Ripple’s path to victory against the SEC

  TL;DR Breakdown John Deaton predicts a 2-5 year period of stability if the SEC wins the lawsuit against Ripple. Deaton firmly believes Ripple will appeal to the Supreme Court and ultimately prevail. The recovery of funds could be significantly delayed if Ripple loses the appeal to the SEC. Description John Deaton, a prominent advocate representing about 75,000 Ripple (XRP) investors, has provided an optimistic outlook regarding the ongoing SEC vs. Ripple lawsuit. Deaton, known for his valuable updates on the case, foresees a period of stability ranging from two to five years following a potential SEC victory. However, he firmly believes that Ripple will … Read more John Deaton, a prominent advocate representing about 75,000 Ripple (XRP) investors, has provided an optimistic outlook regarding the ongoing SEC vs. Ripple lawsuit. Deaton, known for his valuable updates on the case, foresees a period of stability ranging from two to five years following a potential SEC victory. However, he firmly believes that Ripple will file an appeal with the Supreme Court and ultimately emerge triumphant. Although the recovery of funds may be…

  Article 2023年7月8日

• The IMF is clearly terrified of crypto – Here is the latest

  TL;DR Breakdown The IMF strongly opposes granting cryptocurrencies the status of ‘official currency or legal tender’. The organization fears the impact of crypto on government finances and potential rapid inflation. It emphasizes the need for stringent regulations and comprehensive crypto policies. Description Cryptocurrency has been making waves in the world economy, and it’s safe to say that the International Monetary Fund (IMF) is shaking in its boots. As the world gets deeper into the crypto rabbit hole, the IMF feels it’s time to slam on the brakes. Why is IMF so scared of crypto? The IMF’s latest … Read more Cryptocurrency has been making waves in the world economy, and it’s safe to say that the International Monetary Fund (IMF) is shaking in its boots. As the world gets deeper into the crypto rabbit hole, the IMF feels it’s time to slam on the brakes. Why is IMF so scared of crypto? The IMF’s latest stance underscores the stark reality it sees in crypto. With fervor, it asserts that cryptocurrencies must not be granted the status of ‘official currency or…

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