Tether CEO: The recent MiCA law passed by the EU (at least 60% of stackcoins held in EU bank accounts) poses a threat to stackcoins The problem with MiCA is that instead of making the system safer, it actually creates an incredibly large systemic risk He also noted that cash deposits in the EU are only insured for up to $100,000, which is insufficient for large steblecoin issuers like Tether. Ardoino cited the collapse of California's Silicon Valley Bank (which had significant USDC reserves) in 2023 as a cautionary tale.
- 0 replies
- 0 recasts
- 0 reactions
Michael Sailor claims to personally own over $1 billion worth of BTC
- 0 replies
- 0 recasts
- 0 reactions
Shares of Meta, $META, soared more than 8% after beating Q2 2024 earnings expectations. Meta reported Q2 2024 EPS of $5.16, above expectations of $5.72, and revenue of $39.1 billion, above expectations of $38.3 billion. The company also reported that it now has 3.27 billion daily active users, above expectations. More than 40% of the entire global population uses Meta's platforms on a daily basis. Solid quarter for $META.
- 0 replies
- 0 recasts
- 0 reactions