Deekay | Dinesh Kannaa Profile picture
Content writing & Video editing @0xtph @tuttifrutti • Community Lead @gerth_
Mar 20, 2023 17 tweets 5 min read
Are you as confused as I am about @balajis' million-dollar bet on hyperinflation & Bitcoin mooning? 🤔

He said hyperinflation is coming in the next 90 days & Bitcoin will hit $1M! Some say he's insane, but hey, that's why he's a millionaire!

Let's break it down 🧵 2/ I attended a Twitter Space with @balajis & @gladstein and let me tell you, I've got some tea ☕ to spill about this situation.
Mar 12, 2023 16 tweets 3 min read
Listen up! 🙋‍♂️ The Indian gov just brought crypto under PMLA (Prevention of Money Laundering Act) 😱

Don’t panic just yet! This isn't necessarily a bad thing.

Let's dive in about this move in this thread 🧵 Image 2/ PMLA is a law to prevent money laundering and other crimes in India.

It requires some entities, like banks and exchanges, to report suspicious transactions to the authorities
Mar 11, 2023 22 tweets 3 min read
1/ 🚨USDC CRISIS Explained🚨
What happened, why it matters, and how to fix it? 🧵 2/ USDC is a cryptocurrency that equals one US dollar & is called a stablecoin. 💵

It is backed by real dollars in reserve by Circle and a few others. 🏦
Feb 20, 2023 11 tweets 3 min read
1/ 🔒💰 Protecting your crypto is more important than ever.

Here are some of the most common scams and tactics used by hackers, and how you can protect yourself against them (Thread 🧵 Alert 🚨) 2/ Malicious transactions:
Scammers can trick you into signing a transaction that grants them access to your assets.

To protect yourself, keep an eye on the transactions you make and the sites you interact with.
Feb 17, 2023 9 tweets 3 min read
1/ 🚀🌕 Buckle up, friends! We're about to take a ride to the moon

🌕🚀 Let's talk about one of the hottest things in web3: Decentralized Finance (#DeFi).

(Thread 🧵 Alert 🚨) 2/ 🤔 First off, what is DeFi?

DeFi refers to a new financial system built on blockchain technology that operates without traditional intermediaries like banks, brokerages, or exchanges.

In simpler terms, it's finance without the fat cats! 🐈
Feb 17, 2023 7 tweets 3 min read
Move over, #Bitcoin! 🚀 Central Bank Digital Currencies (#CBDCs) are the newest players in town.

But what are they, and why are governments creating them? 🤔

Let's dive in: (Thread 🧵 Alert 🚨) CBDCs or Central Bank Digital Currencies are essentially digital versions of fiat currencies issued by central banks.

They exist for a variety of reasons, including:

👉 Improved efficiency and lower transaction costs for payments