Author: dfmines

What does Jack Dorsey think about Twitter’s crypto team? That’s the question. Without fanfare or even an official statement, the new Twitter Crypto division just came into existence. They’ll cover cryptocurrencies and blockchain-related matters. New hire Tess Rinearson took to – where else? – Twitter to broadcast her new position and the direction that her leadership will take the company. “We’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” Rinearson said. Related Reading | Why Is Bitcoin-Twitter Suddenly Obsessed With The Essay “Anatomy Of The State”? About Tess herself, through her website she gets us up to speed: “Most recently, I worked at the Interchain Foundation, where as VP of Engineering I led teams building open-source infrastructure for many leading blockchain networks, including Cosmos. Among other things, these teams were responsible for Tendermint Core, a popular proof-of-stake consensus engine, and the Inter-Blockchain Communication Protocol, a leading interoperability standard.” Twitter price chart on FTX | Source: TradingView.com What Do We Know About The Twitter Crypto Division? Not much, because Twitter Crypto’s creation didn’t make the company’s blog. The team will work directly under Parag Agrawal, Twitter’s CTO. And they’re currently “hiring for roles in engineering and product.” According to Rinearson, Twitter Crypto will focus “on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.” As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto. Twitter truly “gets” crypto (hello bitcoin tipping & NFTs!) but there’s so much more to explore here. — Tess Rinearson (@_tessr) November 10, 2021 In her thread, Rinearson identifies three main areas of work for Twitter Crypto:  “First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.” “Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.” “And, of course, we’ll be working closely with the Bluesky team to help shape the future of decentralized social media.” And, of course, we’ll be working closely with the @bluesky team to help shape the future of decentralized social media (and to make sure that Twitter stays on the cutting edge of this new landscape, too!). — Tess Rinearson (@_tessr) November 10, 2021 So, essentially, Twitter Crypto will focus on integration with Web3, the Altcoin world, DeFi, smart contracts, and NFTs. Which, of course, brought every project under the sun and their marketing teams to pitch under Tess Rinearson every tweet. This brings us to the original question. What Would Jack Dorsey Think About The Twitter Crypto Division? It’s no secret that Dorsey is a Bitcoin maximalist of the highest order. According to him, Bitcoin is the greatest invention of our lifetime. In the Bitcoin 2021 conference, Dorsey said  “All of the other coins, for me, don’t factor in at all.” However, even though Twitter enabled tips over the Lightning Network, the company’s actions don’t exactly match Jack Dorsey’s words.  On the one hand, Dorsey’s talking about building a better world through Bitcoin and denouncing the rising inflation. On the other, Twitter is censoring people, adding bogus disclaimers, and deplatforming everyone who deviates from the official narrative. It seems like the CEO is not in full control of the company he created. And that makes sense if you consider all the money the social media platform produces. And all the interests that work behind the scenes for that machine to keep on moving. Related Reading | Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything” The new Twitter Crypto division is another proof of that fact. While it’s true that Jack Dorsey as a person wouldn’t consider other blockchains, the company he represents is clearly moving in that direction. However, it’s also true that the new team’s creation didn’t make Twitter’s official announcement channels. So, what’s really going on here? Is Twitter really testing the waters of Altcoin land?  Let’s follow Tess Rinearson and find out. Featured Image: Twitter Crypto screenshot from this Tweet | Charts by TradingView

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BNBMatrix.io is a yield farming Dapp on BSC. The goal is to make the most of the Binance Smart Chain without having to spend too much time and/or resources. The Binance Smart Chain (BSC) has seen an increase in the activity on its blockchain from token swaps, dApps to NFTs, and decentralized money markets. One of the best features of the BSC is that it offers cross-chain atomic swaps with gas fees that are almost 20 times lower than other chains. Its Proof-of-stake Authority (PoSA) consensus allows for it to be a high-speed infrastructure, helpful for DeFi apps. This makes it suitable for mass adoption. BEP-20 tokens offer borderless DeFi opportunities as when a token is launched on the Binance Smart Chain it can easily be moved across different chains. It also helps to simplify interoperability in the entire ecosystem. What is BNBMatrix? BNBMatrix is a smart contract-based investment Dapp written on the Binance Smart Chain. It became live last week and in about 7 days, it has already crossed a milestone of 500 BNB, which is growing at the time of writing. Benefitting from BNBMatrix The investors are able to generate stable daily returns anywhere from 7.8% to 17% on their investment with BNBMatrix. In fact, the smart contract offers the option to invest as low as 0.001 BNB to get started. Moreover, the generated BNB can be withdrawn at any time from their Dapp. Features Safe & Secure: BNBMatrix is very meticulous about the safety of the smart contract. It has been audited by HazeCrypto. There were no vulnerabilities, backdoors, or scam scripts found in the BNBMatrix Smart Contract. Customer Success: Team BNBMatrix offers 24/7 customer support on Telegram to all users. Be it a query or concern, they ensure it is resolved at the earliest. Stable ROI: With revolutionary growth since its launch, BNBMatrix is on a pursuit to become one of the highest ROI programs amongst yield farming on BSC. Between the deposit period of 7 and 30 days, the investors can get a 119% to 239% return on their investment. 5 Level Referral Program BNBMatrix offers 5 levels of referral programs, paying an attractive  11.5% commission. A referral link is provided at the time of investment which can be shared by the users with their friends to join in. BNBMatrix is a simple project with a neat interface that helps investors make passive income on their idle crypto assets. The smart contract has been experiencing a thriving success in terms of investment with its profitability and referral levels. To get more information about BNBMatrix.io, head to their website or join their Telegram group

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Bitwise’s CIO explained why the firm has decided to drop its Bitcoin futures ETF and focus on the spot Bitcoin ETF.

Fears about the stock market and Tether’s reserves have also led some to believe the Bitcoin price could be in trouble.