💸 Polygon keeps creating real economic activity
On Tuesday, @0xPolygon generated more than $102K in transaction fees, setting a new monthly revenue record
That's enough to buy a brand-new Tesla Model S ⚡
📊 https://t.co/sqPrkV0Gst
Claude Cowork is coming to mobile and web.
Hand Claude a task at your desk and pick up the finished work from your phone. Close the laptop and Claude keeps going.
Beta is rolling out over the next several weeks starting with the Max plan, with more plans to follow.
Hey the new design after recent update doesn't looks good @TrustWallet clumsy the some coins balance shows 16 digits and the menu is not visible pls change the design!
Balaji brothers case adjourned
Dmk Anitha arrested
E V Velu ranaway to Singapore & admitted in hospital for diarrhoea & piles problem
MLA Bribe issue : arrested accused has accepted the crime & also said DMK allocated 180 crores as initial payment
Imagine 140 companies, including Visa, Mastercard, BlackRock, Google, Stripe, Coinbase, and IBM, came together to launch their own stablecoin.
Why?
Stablecoin market size is expected to reach $2-4 trillion by 2030.
Genius Act was passed, which means regulatory clarity.
140 companies thought we would all be using stablecoins in a big way in the future.
But the benefit is going to Tether and Circle, who have earned $31 billion in profit over the last 3-4 years.
But they don't share profit with anyone.
140 companies said, "OK, let's launch our own stablecoin and divide the profits among ourselves."
We build it, We Use It, We Grow It, We Share It.
your phone number is personal and sometimes you want to connect without handing it over. that's why we're introducing usernames for WhatsApp.
starting this week, you can reserve a username to use later this year when we launch the feature. It takes just a few seconds, make sure you have the latest version of WhatsApp and then go to Settings > Account > Username.
The economic and demographic effects of corruption.
Cost of land in our urban areas is far higher than what our GDP per capita would dictate. The ratio of land value to per capita GDP is probably higher in India than anywhere else. As an example, land prices in Chennai or Bengaluru rival that of cities like New York which has a vastly higher per capita GDP.
The key reason?
First, vast sums of political corruption money is parked in real estate. This raises real estate prices and high real estate prices affect everything downstream.
Second, corruption in building approvals and the like - the famous DTCP - raises construction costs, on top of already higher real estate costs.
Third, corruption in private school regulatory compliance enforcement raises school fees.
Fourth, corruption in private hospital regulatory compliance enforcement raises health care costs.
Fifth, household goods need sales outlets and those pay higher rents due to high real estate prices and construction costs.
So housing, education, healthcare and household goods - all of these now cost higher.
As a direct consequence, the economic burden on the average person gets worse. Young people, facing all these costs, postpone marriage, and postpone children or have fewer children.
That directly affects our demographics.
While this issue exists in many parts of India, Tamil Nadu, being the most urbanized of the bigger states, is particularly hit hard.
So corruption is becoming an existential threat to our society.
If you worry about the super-low birth rate in Tamil Nadu, way below replacement, understand that corruption raising our cost of living is one of the major causes, not the only cause, but a big one in our context.
Kunal Shah is going to lead WhatsApp globally.
No IIT. No IIM.
His CV wouldn't have made it past the Indian corporate HR system :)
The West bets on builders, while Indian corporates still rely on IIT/IIM badges.