Top crypto tweets of the day – May 22nd

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• Binance Announces Removal of Australian Dollar Trading Pairs, Sparking Market Speculations

  TL;DR Breakdown Binance has announced the removal of several trading pairs involving the Australian Dollar (AUD) from its platform, effective May 26, 2023. Speculations surround the motivations behind this decision, with possible factors including low trading volumes, regulatory compliance, and resource optimization. In a recent announcement, Binance, one of the world’s leading cryptocurrency exchanges, has revealed its decision to remove several trading pairs involving the Australian Dollar (AUD). This move has garnered significant attention within the crypto community, as traders and investors speculate about the reasons behind the removal and its potential impact on the market. With Binance being a prominent player in the industry, any changes made by the exchange tend to generate ripples in the crypto landscape. In this article, we will delve into the details of the decision, explore the possible motivations behind it, and discuss the implications for both Binance users and the broader cryptocurrency market. Binance’s Decision to Remove AUD Trading Pairs Binance’s announcement stated that starting from May 26, 2023, several trading pairs involving the Australian Dollar would be delisted from the exchange. The…

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• Historic Senate hearing sees OpenAI CEO Sam Altman championing AI safety

  TL;DR Breakdown Sam Altman, along with NYU professor Gary Marcus and IBM’s chief of trust, Christina Montgomery, illustrate how the U.S. government should regulate the AI industry. Sam Altman advocated for the establishment of a federal oversight agency with the authority to issue and revoke development licenses on AI. The proceedings focused on understanding the potential threats posed by generative AI models such as ChatGPT. In a historic event that marked a significant milestone for the field of artificial intelligence (AI), OpenAI CEO Sam Altman recently testified before the Senate in a hearing focused on AI safety. This groundbreaking hearing shed light on the challenges and opportunities presented by AI, as well as the measures necessary to ensure its safe and responsible development and deployment. Contents hide 1 Sam Altman shows the importance of AI safety 2 The Senate hearing addresses AI’s ethical concerns 3 The Senate take on Sam Altman’s testimony 4 The future of AI safety Sam Altman shows the importance of AI safety As AI continues to advance rapidly, it becomes increasingly important to address the potential…

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• BRICS nations dump dollar in oil trades

  TL;DR Breakdown The BRICS alliance is challenging the US dollar’s dominance by promoting the use of local currencies in global trade. India recently purchased oil and gold from the UAE using the Rupee, bypassing the US dollar. India and Saudi Arabia are discussing potential oil trades using their local currencies. Description Dollar dominance in the global marketplace has long been the accepted status quo. But the winds of change are gusting, and the BRICS alliance is at the forefront, challenging the hegemony of the US currency. This audacious geopolitical move might just send tremors throughout global financial circuits. The Rise of Local Currencies in Oil Trade … Read more Dollar dominance in the global marketplace has long been the accepted status quo. But the winds of change are gusting, and the BRICS alliance is at the forefront, challenging the hegemony of the US currency. This audacious geopolitical move might just send tremors throughout global financial circuits. The Rise of Local Currencies in Oil Trade India, for one, is not wasting any time. The country recently inked a deal with the…

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• BlackRock set to file Bitcoin ETF application in partnership with Coinbase

  TL;DR Breakdown BlackRock, the world’s largest asset manager, is close to filing an application for a Bitcoin ETF, in partnership with Coinbase Custody. The collaboration aims to provide secure storage and management of digital assets within the ETF, while incorporating Coinbase’s spot market data for accurate pricing. The Securities and Exchange Commission (SEC) has historically been cautious about approving spot Bitcoin ETFs, citing concerns about fraud and manipulation, but BlackRock’s application could potentially reshape the industry if approved. BlackRock, the world’s largest asset manager with $9 trillion in assets under its control, is on the verge of submitting an application for a Bitcoin exchange-traded fund (ETF), according to reports. However, this move by BlackRock marks a potential breakthrough in the cryptocurrency industry, as the company aims to provide institutional investors with a regulated avenue to access the digital asset market. BlackRock is planning to partner with Coinbase Custody, a leading cryptocurrency storage and management platform, to ensure the security and integrity of the digital assets held within the ETF. By leveraging Coinbase Custody’s technology, BlackRock aims to establish a robust…

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• Liquity price analysis: LQTY price backtracks to $1.17 as bears regain dominance

  TL;DR Breakdown Liquity price analysis is bearish today Support for LQTY/USD is present at $1.16 Resistance for LQTY is found at $1.25 Liquity price analysis shows that its price is bearish today. LQTY’s price has primarily traded in the red over the past week, and its price has been steadily falling. The LQTY price failed to maintain its upward trend and fell to $1.23 yesterday before rising to $1.17 at the time of writing. The price has dropped by more than 5.99%. The price may move lower over the next 24 hours to test support at $1.16 if bearish momentum persists and the price is unable to rise above the resistance level. The 24-hour trading volume for LQTY/USD has decreased to $9.8 million, and the market capitalization is currently at $108 million. Liquity price analysis 1-day chart: LQTY price falls to $1.17 as selling pressure builds The one-day Liquity price analysis reveals that the market is currently in a negative trend with a decrease in coin value. At the beginning of the week, the price had a comeback, but now…

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