🌐 Ethereum: the foundation of the new Internet?

🌐 Ethereum: the foundation of the new Internet? 🐦 What could Elon Musk do with Twitter if he acquired It? 💶 The EU finally comes to an agreement on a cryptocurrency framework

GM, vEmpions! Hope that you HODL and prosper, and here’s the key points of our newsletter for today:

🌐 Ethereum: the foundation of the new Internet?

🐦 What could Elon Musk do with Twitter if he acquired It?

💶 The EU finally comes to an agreement on a cryptocurrency framework

Ethereum: the foundation of the new Internet?

It looks like Ethereum is well on its way to becoming the foundation of the new internet, at least according to one DeFi economist. David Shuttleworth of blockchain firm Consensys made the claim in an interview with Kitco News yesterday, citing the recent Merge upgrade that transitioned the network to a proof-of-stake (PoS) protocol.

According to him, Ethereum can power more businesses than established platforms like Visa, due to the network’s ability to process more transactions. And with the recent upgrade, it seems that Ethereum is only going to get stronger.

“You know Ethereum settled more transactions than Visa year-to-year over the last year. I think one of those things where mass adoption with Ethereum just because of the security and the value locked into it is going to be a driver of people using it to do business,” said Shuttleworth.

Ethereum has come a long way since its launch in 2015, growing from a simple smart contract platform to a decentralized ecosystem with a wide range of applications. With the recent launch of ETH 2.0, the network is well on its way to becoming a major player in the global economy. But can it really rival existing centralized solutions like Visa? For Shuttleworth, the answer is yes. He cites the fact that Ethereum can process more transactions than Visa, due to the network’s ability to handle more complex transactions.

Crypto fans will be pleased to hear that Ethereum's use is on the rise, but it remains to be seen if the network can really dethrone established players. We hope that Ethereum can live up to its potential and provide a more decentralized future for us all.

What could Elon Musk do with Twitter if he acquired It?

So it seems like Elon Musk still has his sights set on acquiring Twitter. But no one actually knows what he would do with it if he did succeed in buying it out. Crypto Rand Investment Group shared a few of the potential changes that he could add after the acquisition.

The group thinks that one possibility is that Elon Musk could add a crypto payment feature to Twitter. This would be a huge move and would definitely transform the microblogging social network. It would be interesting to see how this would play out and if Twitter would actually adopt such a change. Crypto purchases on Twitter would definitely be a game-changer.

Dogecoin community has also called on Musk to buy Twitter so that he can add a Dogecoin tipping feature, and if there's any crypto that Musk is associated with, it's Dogecoin. This would be a great way to increase the adoption of Dogecoin and get more people to start using crypto.

They also mentioned the ability to edit twitter posts, which is something that a lot of people have been calling for, and fighting Twitter bots. The bots have been a big problem on Twitter and it would be great to see them gone, but it’s not clear how Musk would go about doing that.

Musk has announced recently that he is ready to make a deal with Twitter at $44 billion to proceed with the acquisition. The news was well-received by investors, with Twitter's stock surging as much as 20% following the announcement. As a result, it appears that there is still a chance that this deal will be completed.

But in the end, it is impossible to say what would happen if Elon Musk did acquire Twitter. It is certainly an interesting idea to think about, though. It would be fascinating to see how he would change the social media platform.

The EU finally comes to an agreement on a cryptocurrency framework

The EU has finally reached an agreement on the Markets in Crypto Assets Regulation (MiCA), which regulates the EU's approach to crypto. The framework was signed into law without any further deliberation.

This is a huge step for the industry, which has been waiting in fear for the EU to come up with some kind of regulation. The goal of the framework is to protect consumers and fight crypto-related crimes. However, it's not clear how effective it will be in achieving these goals.

A leaked draft of the law showed that EU officials were proposing that issuers of cryptocurrencies publish whitepapers detailing how their projects will meet the requirements set out in the law. According to the law, EU member states should prioritize an asset's features in determining its qualification instead of how it is designated by users.

The MiCA framework was first mentioned in June, a few months before the final version came out from the EU. In that time, the crypto industry has continued to grow and innovate. And while some doubt the efficacy of this regulation, at least it's a sign that the EU is trying to catch up with the times. We'll be hoping for the best.