Top crypto tweets of the day – May 18th

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• Polygon (MATIC) gears up for a groundbreaking announcement

  TL;DR Breakdown Polygon Labs is preparing for a significant appearance at Asia Crypto Week, teasing major updates like discussions on zkEVM. The zkEVM technology, which offers Ethereum Virtual Machine equivalence, is set to receive its first major upgrade, emphasizing commitment to blockchain innovation. Description In the ever-evolving world of blockchain and cryptocurrency, few announcements have garnered as much anticipation as the recent hints dropped by Polygon (MATIC). The company has teased its vast community with whispers of a significant revelation that aims to redefine the landscape of Web 3.0. As the crypto community buzzes excitedly, all eyes are on … Read more In the ever-evolving world of blockchain and cryptocurrency, few announcements have garnered as much anticipation as the recent hints dropped by Polygon (MATIC). The company has teased its vast community with whispers of a significant revelation that aims to redefine the landscape of Web 3.0. As the crypto community buzzes excitedly, all eyes are on Polygon Labs, especially with their upcoming appearance at the renowned Asia Crypto Week. Contents hide 1 Polygon’s grand appearance at Asia Crypto Week…

  Article 2023年9月11日

• Crypto industry on edge as Multichain’s safety concerns deepen

  TL;DR Breakdown Concerns concerning Multichain, an important venue for moving assets between blockchains, have crypto industry stakeholders bolstering their defenses. Multichain uses a mint-and-lock mechanism to move assets between the 92 blockchains it interacts with. Multichain’s namesake asset MULTI suffers the consequence of the security bridge. It was trading at $3.8 at press time, a 54% drop from where it was before the crisis of confidence began. Participants in the crypto ecosystem are on high alert as Multichain’s silence fuels worries about the platform’s safety. According to reports, key participants in the crypto industry are fortifying their defenses as worries about Multichain, a major platform for transferring assets between different blockchains, mount. Multichain protocol delay causes token price crash Following a bullish April, May was yet another month of hacks, rug pulls, and exploits, bringing uncertainty back to DeFi. The protocol in question has garnered the most media attention recently. The delayed node upgrade for the cross-chain DeFi protocol had a domino effect and caused a 30% token price crash. While most of the cross-chain routes of Multichain protocol are…

  Article 2023年5月29日

• Arkham identifies Coinbase as its largest Bitcoin holder, controlling 5% of all BTC

  TL;DR Breakdown Arkham reports have it that Coinbase controls 5% (947755 BTC out of the 19493537 BTC in circulation), and it is worth $25 billion Satoshi Nakamoto, the Bitcoin founder, was known to hold the largest Bitcoin wallet with about 1.1 million Bitcoin. Now more than ever, the community seems split between storing crypto on exchanges and cold wallets. Description Arkham on-chain data platform has identified that Coinbase controls 5% of the total Bitcoin supply. The Blockchain Intelligence platform determined that the exchange holds Bitcoin worth $25 billion in its wallets.  The exchange is said to own 947755 BTC out of the 19493537 BTC in circulation. This makes Coinbase the largest Bitcoin holder on the … Read more Arkham on-chain data platform has identified that Coinbase controls 5% of the total Bitcoin supply. The Blockchain Intelligence platform determined that the exchange holds Bitcoin worth $25 billion in its wallets.  The exchange is said to own 947755 BTC out of the 19493537 BTC in circulation. This makes Coinbase the largest Bitcoin holder on the platform; the total BTC owned by the…

  Article 2023年9月24日

• Blockchain Association’s bombshell letter calls for SEC Chair’s resignation

  TL;DR Breakdown The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of SEC Chair Gary Gensler from overseeing regulations on the crypto sector.  According to Jake Chervinsky, the chief policy officer of the Blockchain Association, Gensler’s steadfast belief that all digital assets, except Bitcoin, are securities compromises his ability to make enforcement decisions with fairness and impartiality.  While Gensler has received support from many Democrats for his actions against crypto exchanges, he has faced criticism from Republican congressman Warren Davidson. Description The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler from overseeing regulations on the crypto sector. In an open letter, the association argues that Gensler’s public comments have demonstrated a lack of impartiality in approaching the issues at hand. … Read more The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler from overseeing regulations on the crypto sector. In an…

  Article 2023年7月3日

• Crypto Broker FPG Hit by $20M Cyberattack, Freezes Withdrawals for Investor Protection

  TL;DR Breakdown Floating Point Group (FPG) has suspended trading, withdrawals, and deposits following a cyberattack that caused an estimated loss of $15-20 million. The incident exacerbates existing challenges faced by the institutional crypto sector, including declining market conditions and increased regulatory scrutiny. Cryptocurrency brokerage firm Floating Point Group (FPG) has been forced to suspend trading, withdrawals, and deposits following a significant security breach, resulting in an estimated loss of between $15 million and $20 million. The attack, which occurred on June 11, has raised concerns about the safety of institutional investments in the crypto sector. FPG, an international brokerage firm catering to institutional clients, manages assets worth $50 billion. The incident adds to the growing challenges faced by the crypto market, including regulatory scrutiny and declining market conditions. Contents hide 1 Security Breach Forces FPG to Halt Operations 2 Institutional Crypto Sector Faces Mounting Challenges 3 FPG Collaborates with Authorities to Recover Assets 4 Conclusion Security Breach Forces FPG to Halt Operations Floating Point Group confirmed that it had fallen victim to a cyberattack on June 11, prompting the company…

  Article 2023年6月18日