Day: December 21, 2022

10 crypto tweets that made a splash in 2022

boss

Another year in the crypto space has nearly passed. As usual, Twitter has been a hotbed of crypto-related conversation during the turbulent year. From Terra’s collapse and the whole situation with FTX to Elon Musk’s takeover of Twitter, 2022 has played out like a television drama, keeping people on the edge of their seats.  Tweets can act like time capsules from the past, offering up memories or documenting particular historical points. Here are 10 memorable tweets from 2022. The Terra collapse The crypto space suffered several blows this year, and…

Deso Blockchain Crosses 2 Million Accounts Amid Elon Musk’s Twitter Revamp

Takeaways Elon Musk posted a poll asking if he should step down as CEO due to backlash from a recent policy change that stated that rival social networks could not post on Twitter People immediately began calling for decentralized alternatives as a solution to current centralized social media platforms The DeSo Blockchain, a custom-built layer-1 designed for the scalability of decentralized social applications for millions of users, recently crossed 2 million accounts and 130,000 MAUs This comes at a time when data points hint at Elon…

Genesis and DCG seek path for the recovery of assets amid liquidity issues

boss

The co-founder of Gemini, Cameron Winklevoss, says that global investment bank Houlihan Lokey has devised a plan on behalf of a committee of creditors to resolve the liquidity issues at Genesis and its parent company, Digital Currency Group (DCG). According to Winklevoss, resolving the liquidity issues would provide a path for Gemini clients to recover assets owed to them by Genesis and DCG following the collapse of FTX.  Earn Update: Today, Houlihan Lokey presented a plan on behalf of the Creditor Committee to resolve the liquidity issues at Genesis and…

zkEVM could be the endgame for blockchain infrastructure

boss

Very few projects have come close to matching the security and decentralization of the Ethereum network. However, the inherent overhead of maintaining these two critical features has left Ethereum burdened by low throughput and prohibitively high costs. As a result, alternative layer-1 blockchains (L1s) — which normally sacrifice security and decentralization to provide scale — have emerged to nip away at Ethereum’s market share. However, with Ethereum Virtual Machine (EVM)-equivalent scaling solutions bringing high throughput and low transaction fees to Ethereum itself, the question is: Do we really need these…

SEC files unregistered securities charges against Thor Token creators for 2018 ICO

boss

The United States Securities and Exchange Commission (SEC) has filed a complaint against Thor Technologies along with its co-founder and CEO David Chin, claiming that Thor’s 2018 initial coin offering (ICO) constituted an unregistered securities sale under the Securities Act of 1933. Thor Technologies raised $2.6 million from 1,600 investors between March and May 2018 through the sale of its Thor (THOR) coin. About 200 of the 1,600 investors lived in the United States, and not all of them were accredited. The SEC claimed in the suit that the ICO…

What’s Next for Crypto Now That the Money Is Gone

Too often, the finance bros bet big, using the same kind of fragile, nested and interlocking leverage that led to the 2008 financial crisis. Other times they used outright fraud – and they did it off-chain, playing by no rules, with no transparency. They were mistaken for part of the cryptocurrency industry, but it would have been more accurate to think of them as hangers-on and freeloaders, redirecting genuine public interest in crypto to their various unsustainable games. Source CryptoMoneyWhats CryptoX Portal