Top crypto tweets of the day – August 29th

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• Worldcoin Protocol Successfully Passes Security Audits by Nethermind and Least Authority

  TL;DR Breakdown Worldcoin, a blockchain-based protocol, has successfully passed two separate security audits conducted by Nethermind and Least Authority. The audits began in April 2023 and covered various aspects of the Worldcoin protocol, including its cryptographic constructs, smart contracts, and resistance to potential attacks. Description Worldcoin, a blockchain-based protocol, has recently undergone two separate security audits conducted by renowned audit firms Nethermind and Least Authority. The audits began in April 2023 and focused on various aspects of the Worldcoin protocol, including its cryptographic constructs, smart contracts, and resistance to potential attacks. The results of these audits have now been made … Read more Worldcoin, a blockchain-based protocol, has recently undergone two separate security audits conducted by renowned audit firms Nethermind and Least Authority. The audits began in April 2023 and focused on various aspects of the Worldcoin protocol, including its cryptographic constructs, smart contracts, and resistance to potential attacks. The results of these audits have now been made public, demonstrating Worldcoin’s commitment to transparency and security. Worldcoin’s protocol, which includes both off-chain and on-chain components, is based on Semaphore from…

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• The New York DFS updates its regulation guidelines

  TL;DR Breakdown The New York Department of Financial Services has announced the new rules on listing various cryptocurrencies on its green list while delisting DOGE, LTC, and XRP. The green list comprised 25 tokens before today’s announcement, which had been approved for listing, custody, or both. The department has played a strict supervisory role during the current bear market, and as a result, a $100 million settlement was imposed on Coinbase for noncompliance earlier this year.  The NYDFS is now asking the public for feedback on its new regulatory requirements on crypto firms within the USA. Description The New York Department of Financial Services announced the new rules on listing various cryptocurrencies on its green list. In the much-anticipated announcement, the NYDFS announced it would be delisting three tokens: DOGE, LTC, and XRP.  Tokens still on the list include Ether and Bitcoin. Through its X platform (Formely Twitter), the department announced that … Read more The New York Department of Financial Services announced the new rules on listing various cryptocurrencies on its green list. In the much-anticipated announcement, the NYDFS…

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• SEC vs. Binance: $115 billion battle over crypto regulation

  TL;DR Breakdown SEC has expanded its list of cryptocurrencies classified as unregistered securities, adding around US$115 billion worth of tokens. The SEC has recently filed 13 charges against Binance, accusing the exchange of making unregistered and unlawful offers and sales of its BNB and BUSD tokens. Binance has reacted to the SEC’s allegations, claiming that its BNB token is not a security, but a native token designed to fuel an internal economy. In an unexpected turn of events this week, the U.S. Securities and Exchange Commission (SEC) has delivered a shockwave through the digital currency universe. According to reports, the regulatory body has swelled the list of cryptocurrencies it categorizes as unregistered securities, adding approximately $115 billion worth of tokens. The latest twist in cryptocurrency regulation has come about due to a lawsuit filed by the SEC against the crypto exchange Binance. In its most recent move, the SEC has ruffled feathers within the crypto community by declaring that several tokens traded on Binance, including Binance’s own BNB token, the stablecoin BUSD, and other cryptocurrencies such as Solana, Cardano’s (ADA),…

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• U.S. unemployment rate is surging – Details

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