Howdy folks,Like a cocktail bar, today's crypto news has many different flavors.Some sweet, some sour, and some darn right gross!Today I'll be serving up these...

• Doresey’s Bluesky Thinking Challenges The Little Bird

• Biden Administration Pushing Hard For Digital Dollar

• Full Steam Ahead For Visa’s Crypto Plans

Bluesky Thinking and The Little Bird

Bluesky, the decentralized Twitter competitor, has gone live on the app store. Although this Beta version is currently in invite-only mode, the full version should be available to everyone soon!This is welcome news to many Twitter users who regularly complain about how the platform is swamped with bot accounts and how the algorithm allegedly can be manipulated to show preference.What will become of Twitter?

Former Twitter CEO Jack Dorsey, who left the social media platform in November 2021, seems convinced it’s time for an alternative. He described Bluesky (of which he is a co-founder) as “an open decentralized standard for social media."Initially, Bluesky was thought to be blockchain-based, but CEO Jay Graber clarified this.He explained that the new microblogging platform is built on an AT Protocol, allowing for much easier crypto integration.  

One thing is for sure, though, Elon and his Twitter gang better up their game. Being complacent is easy when you’re the only person at the table!

In the words of Optimus Prime...

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What are Cross Exchange Arbitrage and Triangular Exchange?

Cross Exchange Arbitrage

This works similarly to traditional arbitrage, where a user buys a certain asset on one exchange and sells it on another, capitalizing on the price difference between them. What makes cross-chain arbitrage different, however, is Mosdex utilizes a highly advanced AI engine that detects price differences among various exchanges and performs the trade within milli-seconds, thus eliminating the risk of volatility and price variation.

  Triangular Exchange 

This protocol of the Mosdex involves three different cryptocurrencies and trading the difference between them on a single exchange, saving both the inter-exchange and cross-exchange fees and thus increasing the overall profitability and efficiency of the trade.

Biden Administration Pushing Hard For Digital Dollar

Why does my skin start crawling whenever I see the acronym CBDC??

It can’t be a good sign, right?

According to former deputy director of the National Economic Council, Daleep Singh, who yesterday, 28/02/23, told senators that as far back as March 2022, the Biden administration was actively pursuing a digital dollar to crowd out private cryptocurrencies that enable ransomware and sanctions violations.Singh also said that Biden's order was:“trying to push our government to launch a digital dollar, which I think is the single best step that we could take because it would crowd out the ecosystem of crypto that allows national security adversaries like Russia to exploit our deficiencies, our weaknesses in terms of our critical infrastructure.”

Whilst I’m sure that worries about Russia are a factor, as crypto enthusiasts, we probably should take the words of politicians with a pinch of salt and use the old adage “act on what they do, not what they say.”“Old white men” with power really hate disruption to the status quo, especially when it threatens their power (and by power, I mean money).

Unsurprisingly, we have a hard time believing there are no hidden reasons why certain politicians so desperately want CBDCs.

Full Steam Ahead For Visa's Crypto Plans

Despite rumors of Visa slowing down its Web3 plans, the Head of Crypto at the payment giant confirmed in several tweets that this was not the case and was nothing more than reacting to the bear market.

“Despite the challenges and uncertainty in the crypto ecosystem,” Visa believes that “fiat-backed digital currencies running on public blockchains have the potential to play an important role in the payments ecosystem.” 

Interesting that he mentions neither CBDCs nor Stablecoins but “fiat-backed digital currencies.”

If politicians aren’t to be trusted, do we expect businessmen to hedge their bets?

DailyCoin Daily Meme

Former FTX Engineering Director Nishad Singh Pleads Guilty to Fraud Charges

According to Reuters, Singh pleaded guilty to one count of wire fraud, three counts of conspiracy to commit fraud, one count of conspiracy to...

Ripple vs. SEC: What Experts Say About the Lawsuit

Gene Hoffman, the president of the Chia Network, stated that Ripple’s sale of XRP before registering Ripple stock was a significant mistake, and...

As BUSD’s Woes Continue, Could Binance Be Pivoting to TUSD?

Stablecoins have been in the crosshairs of regulators recently, with Binance’s BUSD drawing the ire of the SEC. Following the crackdown...

I hope you enjoyed today's cocktail of crypto news.

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See you tomorrow!