🟩 Dr Martin Hiesboeck Profile picture
Apr 26 4 tweets 2 min read Twitter logo Read on Twitter
#MiCA at a glance Image
What does MiCA have to say specifically about stablecoins? MiCA is a meaty framework and bundles its stablecoin language into two subcategories: E-Money Tokens (EMTs) and Asset-Referenced Tokens (ARTs).

Under MiCA, an EMT is any token which aims to stabilize its value by… twitter.com/i/web/status/1…
The problem with this is NOBODY KNOWS WHAT DECENTRALIZATION MEANS 😆.

This needs more work.
EU you did was enable Circle and make their lobbyists happy.
There is a huge problem with #MiCA

MiCA clarifies that “where crypto-asset services… are provided in a fully decentralized manner without any intermediary, they should not fall within the scope of this Regulation.”

The problem is we don’t know what decentralized means.… twitter.com/i/web/status/1…

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More from @MHiesboeck

Mar 3
Bridges are so useless we now need committees for them lmfao 😂 #cybersecuritynews
The Uniswap committee will evaluate eight bridges and three bridge-agnostic solutions.

The committee will recommend a suitable bridge selection framework for future cross-chain deployments.
The committee will evaluate eight bridge providers, namely Axelar, Celer, deBridge, Hyperlane, LayerZero, Multichain, Router Protocol and Wormhole. Bridge providers enable users to transfer crypto tokens across different networks.
Read 7 tweets
Mar 2
🎙️ Thought an explanation was in order how listings work at a platform like @UpholdInc

1. Unlike exchanges, we don’t charge for listing. We pick what I and my team think is worth the effort
2. We contact the project team, speak to the owners, do a full background check, social media investigation, due diligence etc. that takes time and money
3. We prepare a dossier and send it to tech and finops checking feasibility (ERC20 is easier than a new blockchain for example)

Resources are limited and remember this is our expense
Read 6 tweets
Feb 28
Japanese Tech and Finance Giants Launch Japan #Metaverse Economic Zone – Metaverse Bitcoin News news.bitcoin.com/japanese-tech-…
Japan Goes Big on Metaverse With Japan Metaverse Economic Zone
Several Japanese tech and finance companies have kickstarted the launch of one of the biggest metaverse initiatives in Japan.
On Feb. 16, JCB, Mizuho Financial Group, Sumitomo Mitsui Financial Group,
Mitsubishi UFJ Financial Group, Resona Holdings, Sompo Japan Insurance, Toppan, Fujitsu, and TBT Lab signed an agreement to create what they called the Japan Metaverse Economic Zone, an open multipurpose metaverse platform in a virtual world called Ryugukoku,
Read 5 tweets
Feb 18
The U.S. Securities and Exchange Commission late Thursday released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, the company Kwon founded to develop the Terra blockchain. Broadly, the SEC alleges
that Kwon and others “engaged in a scheme to deceive and mislead investors … in the U.S. and abroad.” Indeed, the SEC’s findings paint a much clearer picture of the entire Terra system as a fraud, one just as elaborate and calculated as Sam Bankman-Fried’s FTX,
and contain a number of major revelations about claims that were previously merely suspected or entirely unknown. Here are four of the most important discoveries.
Read 18 tweets
Feb 17
How to get $BLUR airdrop for free. An autopsie: (@WuBlockchain)

Twitter user FreeBlock shared his experience of earning millions by participating in the third round of Blur’s airdrop program through various bidding strategies in a scientific manner.
1 By monitoring the memory pool, if there is an offer transaction that accepts his bid, he will use higher gas fees to withdraw the bid account balance, causing the transaction to fail (high feasibility);
2 With the restriction that #NFTs cannot be traded within 3 hours of going live on Blur, bids can be confidently placed (not a key strategy);
Read 7 tweets
Feb 16
🐩 Dog-themed memecoins have learned a new trick for pumping their token: burning worthless tokens and shouting about it.

How did we get here: It all started with $Floki Inu. It burned nearly 5 trillion tokens, which it claimed were worth $100 million
•Yet these tokens were effectively outside of the circulating supply because they only existed to allow liquidity for cross-chain swaps.
•As a result, burning these tokens had no impact on the supply of tokens available for trading.
What now: Well Floki's marketing strategy is starting to attract copycats. Another dog-themed memecoin, Volt Inu, has implemented the same strategy.
Read 9 tweets

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