🐦 Elon Musk names new Twitter CEO
🐦 Elon Musk names new Twitter CEO
Former NBCUniversal exe, Linda Yaccarino
Hey Waivly Crew! 🌊 Elon Musk has named a new chief executive of Twitter. Binance said it will exit Canada after the country moved to impose new regulations on crypto exchanges.
🎉 Get 50% Off Waivly+ By Joining Today | Offer Ends May 31st 🎉
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to Waivly Jobs, Waivly Learn posts, exclusive Web3, NFT, crypto, and tech content, insights, news, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member!
Binance announces exit from Canada
Binance, the world’s largest crypto exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.”
“We had high hopes for the rest of the Canadian blockchain industry,” Binance wrote in a tweet. “Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time.”
In February, the Canadian Securities Administrators (CSA) issued new guidance that prohibited crypto asset trading platforms within the country from allowing users to buy or deposit stablecoins without the CSA’s prior approval.
In its tweet, Binance added that it did not agree with the new regulations but still hopes to work with Canadian regulators to further develop a regulatory framework around cryptocurrencies.
“We are confident that we will someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets,” said the exchange, founded by Canadian national Changpeng Zhao.
Binance joins a long list of crypto companies that have chosen to leave Canada due to its regulatory environment, including OKX, Paxos, and dYdX.
Elon Musk names Linda Yaccarino as new Twitter CEO
Elon Musk officially announced Linda Yaccarino, formerly NBCUniversal’s head of advertising, will take the helm as Twitter’s new CEO.
“I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk tweeted Friday. “@LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app.”
Yaccarino is expected to join Twitter by the end of June. Musk will assume the role of Twitter's executive chair and chief technology officer, “overseeing product, software, and sysops [systems operations]”.
Yaccarino, who had worked at NBCU since 2011, will be tasked with rebuilding Twitter’s advertising business — which Musk claimed had dropped by nearly 50% after he closed the $44 billion takeover in October.
The announcement came a day after Musk announced he’d hired a new CEO, but didn’t name her. Reports soon surfaced that Yaccarino was in talks to take on the role.
The Waves
😅 Rep. Sherman: Crypto bros make money ‘out of thin air’
⁉️ Leaked memo reveals plan for U.S. crypto crackdown
💰 Paradigm buys Coinbase shares worth $50 million
Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊
Creator Special
Levertz is the co-founder of IDriss, a community-owned and operated suite of tools that makes web3 more usable for everyone.
Martina Menegon is a digital artist living and working in Vienna. In her works, she creates intimate and complex assemblages of physical and virtual elements that explore the contemporary self and its hybrid corporeality.
Vivek Raghunathan is the founder of Neeva, a brand-new consumer search engine driven by AI that makes use of state-of-the-art LLMs and an independent search stack to offer unique search experiences.
Unlock the power of your crypto
Arch is a revolutionary new platform that empowers crypto investors to obtain a single loan collateralized by multiple crypto holdings, all securely held by the leading qualified custodian, BitGo.
At Arch, we adhere to strict regulatory frameworks and never touch customer funds, so you can trust that your investments are safe and secure. Experience instant liquidity now with a fixed-rate term loans at 9% APR against all crypto portfolio.
Join the Arch community today and take your crypto holdings to the next level.
MakerDAO publishes 5-phase roadmap for “Endgame”
MakerDAO, the decentralized platform behind the DAI stablecoin, has published a five-phase roadmap for a major update called "Endgame."
The plan's short-term goal is to become the most widely-used stablecoin project within three years, per a forum post by MakerDAO co-founder Rune Christensen.
As a first step, a beta launch set to arrive within several months will focus on "establishing a new unified brand for the ecosystem."
While the Dai stablecoin and Maker governance token will not be altered, an upgrade to new versions currently being referred to as NewStable” and “NewGovToken” will be possible.
Following the beta, a second phase will see the launch of six "Maker SubDAOs" that will function as "born-decentralized, specialized divisions within MakerDAO."
A third phase will see the introduction of AI tools for governance monitoring and improvement, while a fourth phase will launch an incentive program for ecosystem participants.
The final phase will see the deployment of a new proprietary blockchain, named "NewChain." Rather than replacing the Ethereum blockchain, which currently underpins the MakerDAO platform, NewChain will be bridged.
According to Christensen, “This means that on Ethereum, NewStable, and NewGovToken, as well as Dai and MKR, will continue to function as normal, and the only change will be that they will be protected by a governance backend that operates through a secure, state of the art bridge.”
Waivly Jobs Highlights
👩💻 Token Design Associate at Outlier Ventures
👩💻 Blockchain Developer at Offchain Labs
👩💻 Product Engineering Manager at Edge & Node
👩💻 Technical Project Manager at Nascent
Share the Waivly newsletter with your friends
That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website and get them onboard the Waivly Crew. Get more from us on Twitter, Instagram, and LinkedIn.
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, and news, full access to Waivly Jobs and Learn, and so much more, all blended together into one super low-cost and quick to join membership 🎉 Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 50% off saving on your membership by joining today.
*Waivly+ is the premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.
*Arch is an advertiser working with Waivly. The Arch section of this newsletter is an advertisement. The content of the advertisement has been provided by Arch.
*Want to advertise with Waivly? Click here to see our Advertisement packages.