Retail Banker International lists the top five fintech tweets for Q2 2022, based on data from GlobalData’s Banking and Payments Influencer Platform.
Top tweets are the total engagement (likes and retweets) received on tweets from over 603 fintech professionals tracked by GlobalData’s Banking and Payments Influencer platform in Q2 2022 (Q2) It is based on.
Most Popular Tweets in Fintech Q2 2022: Top 5
1. Brian Armstrong’s tweet about allowing Coinbase app users direct access to Ethereum-based dapps
Brian Armstrong, CEO of cryptocurrency trading platform Coinbase, shared an article about the company’s new decentralized application (dapp) wallet and browser. This will allow a small number of his Coinbase users to access Ethereum-based dapps directly from his Coinbase app. This includes buying non-fungible tokens (NFTs) on markets like Coinbase NFT and OpenSea, trading on decentralized exchanges like Uniswap and Sushiswap, and using decentralized finance (DeFi) platforms like Compound and Curve. Includes borrowing, lending and swaps. Article details.
The article goes on to say that the launch will allow users to explore dapps without having to manage recovery phrases. The dapp wallet is powered by Multi-Party Computation (MPC) technology, allowing users to have a dedicated on-chain wallet that can be kept safe by Coinbase. This means that even if users lose access to their devices, their dapp wallet keys are safe and Coinbase can help them recover through live support, the article emphasizes.
Username: Brian Armstrong
Twitter handle: @Brian_Armstrong
2. Charlie Gasparino tweets about the cryptocurrency trial of the century
Charlie Gasparino, senior correspondent for media company FOX Business Network (FBN), shared an article about a lawsuit filed by the Securities and Exchange Commission (SEC) against payment settlement company Ripple. He XRP, the native cryptocurrency token, helped fund the platform and facilitate trading on the Ripple network. The Commission alleges Ripple and its management sold his XRP as an illegal and unregistered security, and the Commission was seeking billions in damages, the article details. .
However, Ripple’s lawyers argued that the sale of XRP was legal and not materially different from the sale of the digital coin Ether by the operator of the Ethereum blockchain. The SEC had previously approved the sale of Ether as a legally unregistered digital coin, the article further states.
Username: Charles Gasparino
Twitter handle: @CG Gasparino
3. Zerohedge tweet about EU crackdown on Bitcoin and protection of other cryptocurrencies
Financial news platform Zerohedge shared an article about the digital currency Bitcoin, which has come under heavy scrutiny from environmentalists and regulators in recent months due to its high energy consumption. Rising bitcoin prices have led to increased power demands on the bitcoin network in the process of securing the network, the article points out. An internal European Union (EU) document has revealed the extent of anti-Bitcoin sentiment among EU officials and their desire to protect other crypto coins like Ethereum.
Earlier this year, financial authorities in Sweden and the European Commission in the EU considered the possibility of banning the Bitcoin Proof of Work (PoW) mining method due to its environmental impact. Officials have even gone so far as to suggest that the EU should ban bitcoin trading to reduce overall energy consumption. They also suggested putting pressure on the Bitcoin community and developers to follow the transition to Ethereum’s less energy-intensive Proof-of-Stake (PoS) mechanism, the article emphasized.
Twitter handle: @zero hedge
4. James Bianco’s Tweet About Crypto Lacking Bankruptcy Protection
James Bianco, president of Bianco Research LLC, shared an article about cryptocurrency trading company Coinbase, stating that there is no bankruptcy protection for users’ crypto assets. The company warned that its customers could be seen as common unsecured creditors during bankruptcy proceedings. Markets have looked volatile lately due to declines in , bonds and cryptocurrencies, the article details. Regulators have long warned that cryptocurrency trading platforms lack the oversight and investor protection built into traditional financial services.
Coinbase, in its quarterly filings, states that in the event of bankruptcy, cryptoassets held in custody may be considered property of the bankruptcy estate, so the digital tokens it holds for its users do not actually belong to them. As a result, crypto assets may be subject to bankruptcy proceedings, and customers may be treated as general unsecured creditors of the company. Coinbase said he had $256 billion in cash and cryptocurrencies on account for customers at the end of the first quarter, the article notes. The company’s stock price closed for the fourth consecutive trading day. It lost hundreds of millions of dollars in the first quarter and reports that the currency stock has plunged 80% year-to-date.
Username: Jim Bianco
Twitter handle: @biancoresearch
5. Michael Pascoe’s Tweets About DeFi Market Cause Another Global Financial Crisis
Journalist Michael Pascoe shared an article about U.S. and Australian financial regulator Professor Hillary Allen, saying the rapidly growing DeFi market threatens to trigger another global financial crisis. rice field. Allen believes the rise of DeFi and the growing interest of banks in the crypto sector, including banks such as ANZ and CBA, is of great concern and has prompted regulators to intervene before it’s too late. I urge you to do so. In the DeFi space, cryptocurrencies seek to replicate traditional financial products and services in a decentralized way, she explained. But the truth is they are not decentralized. As a result, many existing financial products and services are being recreated in a virtually unregulated space.
Allen further emphasized concerns about investor protection in this area as people are losing money. Therefore, she believes it is important to prevent regulated financial institutions such as banks from participating in the crypto economy.
Username: Michael Pascoe
Twitter handle: @Michael Pascoe01