Top crypto tweets of the day – August 29th

Related articles

• 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…

  Article 2023年6月18日

• Chainlink launches cross-chain protocol on its mainnet

  TL;DR Breakdown Chainlink has announced the launch of its cross-chain protocol on its mainnet. CCIP is hailed as a game changer that will impact the Defi sector. Description Chainlink, a dominant data oracle provider, has unveiled its Cross-Chain Interoperability Protocol (CCIP) on the Mainnet, marking a significant milestone in the blockchain and decentralized finance (DeFi) landscape. With early access support for Avalanche, Ethereum, Optimism, and Polygon (MATIC) networks, CCIP has already garnered adoption from major DeFi lending protocols like Aave and Synthetix. Chainlink … Read more Chainlink, a dominant data oracle provider, has unveiled its Cross-Chain Interoperability Protocol (CCIP) on the Mainnet, marking a significant milestone in the blockchain and decentralized finance (DeFi) landscape. With early access support for Avalanche, Ethereum, Optimism, and Polygon (MATIC) networks, CCIP has already garnered adoption from major DeFi lending protocols like Aave and Synthetix. Chainlink highlights the benefits of its CCIP The protocol’s foundation lies in the same robust security model used for Chainlink’s price oracles, designed to fend off flash-loan attacks and other potential threats. Chainlink’s co-founder, Sergey Nazarov, envisions CCIP becoming the…

  Article 2023年7月19日

• SEC Chair Gensler calls for AI regulation amid rising economic risks

  TL;DR Breakdown SEC Chair Gensler warns of AI’s potential to destabilize global economy. Gensler seeks regulation to prevent misuse of AI in financial markets. Despite AI’s benefits, Gensler stresses need for regulations to address biases and privacy issues. Description SEC Chair Gary Gensler warns of potential global economic destabilization due to the unregulated development of artificial intelligence (AI) for financial markets applications, particularly by big tech firms. The transformative power of AI and its risks In his speech at the National Press Club on July 17, where he later expressed his disappointment about the … Read more SEC Chair Gary Gensler warns of potential global economic destabilization due to the unregulated development of artificial intelligence (AI) for financial markets applications, particularly by big tech firms. The transformative power of AI and its risks In his speech at the National Press Club on July 17, where he later expressed his disappointment about the court’s verdict on the Ripple case, Gensler defined AI as the “most transformative technology of our time, on par with the internet and mass production of automobiles”. He…

  Article 2023年7月18日

• Polkadot price analysis: Bears extend downtrend, pushing DOT to $5.15 support

  TL;DR Breakdown Polkadot price analysis shows a bearish trend today. Resistance for DOT/USD is present at $5.40. Support for DOT/USD is present at $5.15. The current outlook for Polkadot price analysis remains bearish as the market witnessed another significant decline today. The price levels have plunged to $5.24, displaying a consistent downward trend since yesterday, when bears seized control and shifted the momentum in their favor. Today, the bears have continued to dominate, extending the ongoing downtrend. There are anticipations of further price drops in the forthcoming hours, adding to the overall bearish sentiment. DOT/USD 1-day price chart: DOT’s loss deepens by 1.50 percent amid ongoing bearish pressure The 1-day Polkadot price analysis indicates a resumption of the downtrend, with bears regaining their momentum following a temporary reprieve. The cryptocurrency’s value has once again started to decline, reaching a low of $5.24 and experiencing a loss of over 1.50 percent. This downward trend aligns with the previous week’s performance, where the coin witnessed a four percent decrease in value over the past seven days. However, there is a silver lining,…

  Article 2023年5月26日

• SEC Chief Accountant Emphasizes Legal Liabilities for Accountants Auditing Crypto Firms

  TL;DR Breakdown SEC Chief Accountant cautions accounting firms about legal liabilities when auditing crypto firms, urging them to avoid misrepresenting reviews as financial statement audits. Accounting firms are advised to exercise independence, consider contractual prohibitions on misleading language, and report any potential misstatements to the Securities Exchange Commission for best practices. Description In a recent statement, Paul Munter, the Chief Accountant of the United States Securities and Exchange Commission (SEC), issued a stern warning to accounting firms regarding their responsibilities when auditing cryptocurrency firms. The rise of the cryptocurrency industry has led to an increasing number of accounting firms engaging with these companies to review certain aspects … Read more In a recent statement, Paul Munter, the Chief Accountant of the United States Securities and Exchange Commission (SEC), issued a stern warning to accounting firms regarding their responsibilities when auditing cryptocurrency firms. The rise of the cryptocurrency industry has led to an increasing number of accounting firms engaging with these companies to review certain aspects of their businesses, often masquerading these reviews as full-fledged financial statement audits. Munter highlighted the…

  Article 2023年7月28日