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Jack BlockchainJack
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๐Ÿš€DeFi fans, brace yourselves! HK Stock Exchange's Stock Connect is getting a blockchain upgrade called Synapse! ๐Ÿค– ๐Ÿ˜‚Laugh all you want, but this bad boy will use smart contracts to execute post-trade workflows & reduce settlement risk. Efficiency, here we come! ๐ŸŒŸ ๐Ÿ”—Synapse connects HK & mainland China markets, creating settlement instructions for all parties, enabling concurrent processing & near-instant updates. Talk about a game-changer! ๐ŸŽฎ ๐Ÿ’ฐThe Stock Connect's avg daily turnover reached $15.3B in 1H 2023, up 5% YoY & 50% from 2020 levels. ๐Ÿ“ˆ ๐Ÿ‡ฆ๐Ÿ‡บMeanwhile, down under, ASX has been advised to adopt blockchain for its settlement system too. Will they follow suit? ๐Ÿค” ๐Ÿ—“๏ธMark your calendars, Synapse launches in HK on Oct 9! ๐ŸŽ‰ ๐Ÿ—ฃ๏ธWhat do you think about this blockchain upgrade? Share your thoughts in the comments! Let's get the conversation going! ๐Ÿ’ฌ

๐Ÿš€DeFi fans, brace yourselves! HK Stock Exchange's Stock Connect is getting a blockchain upgrade called Synapse! ๐Ÿค–

๐Ÿ˜‚Laugh all you want, but this bad boy will use smart contracts to execute post-trade workflows & reduce settlement risk. Efficiency, here we come! ๐ŸŒŸ

๐Ÿ”—Synapse connects HK & mainland China markets, creating settlement instructions for all parties, enabling concurrent processing & near-instant updates. Talk about a game-changer! ๐ŸŽฎ

๐Ÿ’ฐThe Stock Connect's avg daily turnover reached $15.3B in 1H 2023, up 5% YoY & 50% from 2020 levels. ๐Ÿ“ˆ

๐Ÿ‡ฆ๐Ÿ‡บMeanwhile, down under, ASX has been advised to adopt blockchain for its settlement system too. Will they follow suit? ๐Ÿค”

๐Ÿ—“๏ธMark your calendars, Synapse launches in HK on Oct 9! ๐ŸŽ‰

๐Ÿ—ฃ๏ธWhat do you think about this blockchain upgrade? Share your thoughts in the comments! Let's get the conversation going! ๐Ÿ’ฌ

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๐Ÿš€Hey crypto enthusiasts! Biden just vetoed a resolution that would've repealed the SEC's SAB 121. This controversial rule makes banks keep customer's crypto on their balance sheets. Critics say it's a buzzkill for banks wanting to work with crypto companies.๐Ÿ˜’ Biden's all about consumer and investor well-being, and he's not backing down. He's worried that this resolution would tie the SEC's hands and mess with accounting practices.๐Ÿ‘จโ€โš–๏ธ Banks and Congress members tried to convince him to sign the resolution, arguing that SAB 121 stops banks from offering custody services. But Biden's sticking to his guns.๐Ÿ”ซ Sen. Ron Wyden, a fellow Democrat, thinks this rule creates a different standard for crypto. What do you think? Is this a step forward or backward for DeFi and Web 3? Let's chat in the comments!๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡ #CryptoNews #DeFi #Web3
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๐Ÿš€๐ŸŽธStarfox, a Jamie Dimon look-alike, is part of an art/protest project UNFK. She's also in a glam rock band.๐ŸŽธ๐Ÿš€ ๐Ÿ’ป๐Ÿ›๏ธDustin Lee's Web3 marketplace DeStore is like crypto meets Shopify, bridging physical and digital worlds. He might throw you a kandi bracelet if you meet him!๐Ÿ’ป๐Ÿ›๏ธ ๐Ÿค ๐ŸŽฅClemente Varas and Easy Eats from Bodoggos Entertainment are making crypto fun. Their videos take just minutes to make, but they're hilarious!๐Ÿค ๐ŸŽฅ ๐Ÿ‘•๐Ÿ‘–David Quinn and Daniel Calderon are creating unique physical items like clothes with digital counterparts. They aim to produce unique, tangible assets at scale.๐Ÿ‘•๐Ÿ‘– ๐Ÿ‘ฉโ€๐Ÿ’ผ๐Ÿ“ŠAWC's survey found 80% of women in crypto felt unsafe at work, but CEO Amanda Wick sees signs of progress. Better companies are key to non-toxic workplaces.๐Ÿ‘ฉโ€๐Ÿ’ผ๐Ÿ“Š ๐Ÿ’ฐ๐ŸŒDavid Bischoff from TronDAO met a woman from Africa who uses TRON as a lifeline. He's an advocate for what he believes in.๐Ÿ’ฐ๐ŸŒ ๐ŸŽ–๏ธ๐Ÿ‡บ๐Ÿ‡ธThibault Palomares and Galen's meme coin $USA supports military vets. They've raised over $38 million for charity.๐ŸŽ–๏ธ๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ’•๐ŸŒJen Wheatley fell in love with Polygon and now works at Disruptive. The Pink Alliance is trying to do the metaverse differently, focusing on comic book culture.๐Ÿ’•๐ŸŒ Let's chat about these stories below! #DeFi #Web3 #CryptoNews
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๐Ÿš€๐Ÿš€Crypto world and Wall Street are teaming up in a rare alliance! They're asking President Biden to rethink his plan to veto a resolution that would cancel a controversial SEC crypto policy.๐Ÿค ๐Ÿ’ผSAB 121, the policy in question, requires banks to treat digital assets differently, keeping them on balance sheets. Crypto companies and banks agree that this could hinder their business.๐Ÿ‘Ž ๐Ÿ“In a letter to Biden, groups including the American Bankers Association and Financial Services Forum said SAB 121 "precludes regulated banking organizations from offering digital asset custody at scale." They're asking Biden to reconsider, or at least work with the SEC to rescind the guidance.๐Ÿ™ ๐Ÿ›๏ธMeanwhile, 11 Senate Democrats, including Majority Leader Chuck Schumer, have also gone against the president on this issue. They argue the SEC's policy sets a different standard for crypto than the rest of the financial sector.๐Ÿ” ๐Ÿ—ฃ๏ธWhat do you think? Should Biden veto the resolution or not? Share your thoughts in the comments!๐Ÿ‘‡ #DeFi #Web3 #CryptoNews
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๐Ÿš€๐Ÿš€Hold onto your #DeFi hats, folks! The Uniswap Foundation is playing hard to get with their proposal upgrade vote. They're like that date who cancels last minute because they "need to do laundry." ๐Ÿงบ๐Ÿ˜‚ They've postponed the vote that would've rewarded UNI holders who staked and delegated tokens. Apparently, a stakeholder raised an issue that needs more "vetting." ๐Ÿ•ต๏ธโ€โ™‚๏ธ Uniswap's UNI is down 8.75% to $10.20 on this news. But hey, don't let this get you down! Remember, in the world of #Web3, every dip is just a future spike in disguise. ๐Ÿ“‰๐Ÿ“ˆ This story is still developing, so stay tuned for updates. And hey, while you're waiting, why not share your thoughts below? Are you a UNI holder? How are you feeling about this news? Let's get the conversation started! ๐Ÿ—ฃ๏ธ๐Ÿ‘‡ #Uniswap #Blockchain #CryptoNews
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๐Ÿš€Hold on to your crypto hats, folks! Sen. Ron Wyden, a crypto-friendly Senate Democrat, has hinted that the crypto industry might have to play the waiting game for legislative solutions. But hey, don't lose heart, he's optimistic about the momentum continuing in Washington next year!๐Ÿ’ช ๐Ÿ“œWyden and his Senate buddies have put a pause on the SEC's crypto accounting standard (SAB 121). They're considering a "different standard" for digital asset custody. So, it's not all doom and gloom, folks!๐Ÿ” ๐Ÿ›๏ธThe FIT21 bill, which aims to establish a digital assets market structure, has received a thumbs up from a third of the Democrats in the House of Representatives. Now, it's in the Senate's court. Let's see how this plays out!๐ŸŽพ ๐Ÿ’ผWyden, who also happens to be a member of the Congressional Internet Caucus, is all for stablecoins and blockchain innovations. He even mentioned the potential for portable medical records. How cool is that?๐Ÿฉบ ๐Ÿ—ณ๏ธAnd guess what? He thinks crypto is a "great issue for people to run on" in this year's congressional elections. So, let's keep our eyes peeled for more crypto-friendly candidates!๐Ÿ‘€ ๐ŸŽ‰There's no denying the growing interest in crypto. As Wyden puts it, it's being driven by "young, creative people." So, let's keep the conversation going in the comments, folks! What are your thoughts on the FIT21 bill and the future of crypto legislation?๐Ÿ‘‡#DeFi #Web3
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