Top crypto tweets of the day – August 30th

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• Cryptocurrency-fueled Pro-ISIS fundraising campaigns exposed in Asia

  TL;DR Breakdown Recent reports by TRM Labs highlight ISIS’s increased use of cryptocurrencies in Asia. TRM Labs uncovers on-chain evidence linking pro-ISIS networks in Tajikistan, Indonesia, Pakistan, and Afghanistan to cryptocurrency activities. Tether (USDT) on Tron emerges as a preferred choice for funding pro-ISIS campaigns, leading to arrests and disruption of operations. Description Recent reports by blockchain analytics firm TRM Labs have highlighted an increasing use of cryptocurrency by ISIS and its supporters across Asia. TRM Labs found corroborating on-chain evidence over the past year, indicating that pro-ISIS networks in Tajikistan, Indonesia, Pakistan, and Afghanistan have leveraged cryptocurrencies to facilitate their activities. Most of these transactions were conducted … Read more Recent reports by blockchain analytics firm TRM Labs have highlighted an increasing use of cryptocurrency by ISIS and its supporters across Asia. TRM Labs found corroborating on-chain evidence over the past year, indicating that pro-ISIS networks in Tajikistan, Indonesia, Pakistan, and Afghanistan have leveraged cryptocurrencies to facilitate their activities. Most of these transactions were conducted using Tether (USDT) on the Tron network (TRX), a growing trend in this space….

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• Pro-XRP attorney John Deaton opts out of filing an amicus brief in Coinbase case

  TL;DR Breakdown Attorney John Deaton decides against filing an amicus brief supporting Coinbase’s request. Deaton cites the law’s limited scope regarding the jurisdiction of digital assets as his main concern. Deaton believes his input may need to be revised due to the strong legal representation already present for Coinbase. Description Prominent pro-XRP attorney John Deaton has recently announced that he will not be filing an amicus brief in favor of Coinbase‘s request, citing specific reasons related to the primary issue of the motion. In a tweet, Deaton elaborated on his decision, highlighting the law’s limited scope surrounding the jurisdiction of digital assets. As a well-known … Read more Prominent pro-XRP attorney John Deaton has recently announced that he will not be filing an amicus brief in favor of Coinbase‘s request, citing specific reasons related to the primary issue of the motion. In a tweet, Deaton elaborated on his decision, highlighting the law’s limited scope surrounding the jurisdiction of digital assets. As a well-known figure in the XRP community, Deaton explained the term “Amicus Curiae,” which translates to “Friend of the…

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• Wyre gives up in the face of market turbulence and halts operations

  TL;DR Breakdown Wyre has announced that it has started its wind-down process and is currently accepting inquiries from potential buyers of the company’s assets. Wyre’s commitment to consumer safety is ongoing. They said, “After that time, we will have an individual approach to retrieve assets still on the platform. Description Wyre, a crypto payments company based in San Francisco, is closing after almost a decade in business, citing financial difficulties due to the bear market rather than harsh “regulatory agency direction” in the United States. The crypto payment platform has grown in prominence in recent years and is renowned for its user-friendly interface and extensive … Read more Wyre, a crypto payments company based in San Francisco, is closing after almost a decade in business, citing financial difficulties due to the bear market rather than harsh “regulatory agency direction” in the United States. The crypto payment platform has grown in prominence in recent years and is renowned for its user-friendly interface and extensive range of cryptos. The exchange had established a reputation for having robust security protocols and a dedication…

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• Shibarium’s Strategic Transition to Private Mode: An Overview of the Latest Developments

  TL;DR Breakdown Shibarium has shifted to private mode to prioritize user security, undergoing rigorous testing to identify potential vulnerabilities and ensure a seamless user experience upon public relaunch. The platform’s scaling capabilities have seen significant advancements, with collaborations like the Alchemy team resulting in a 1,500% scaling of Shibarium’s operations. Description In the dynamic world of cryptocurrencies, the Shiba Inu Layer 2 blockchain network, Shibarium, has recently made headlines with its decision to operate in private mode. This move, spearheaded by Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, signifies a strategic shift aimed at enhancing the platform’s security and overall user experience. As … Read more In the dynamic world of cryptocurrencies, the Shiba Inu Layer 2 blockchain network, Shibarium, has recently made headlines with its decision to operate in private mode. This move, spearheaded by Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, signifies a strategic shift aimed at enhancing the platform’s security and overall user experience. As the crypto community eagerly anticipates the platform’s public relaunch, we delve deeper into the latest updates…

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• US lawmakers question Apple’s policies on stifling blockchain innovation

  TL;DR Breakdown US lawmakers Bilirakis and Schakowsky have written to Apple to clarify App Store’s crypto-related app policy. The legislators wrote to CEO Tim Cook to voice their displeasure over the limitations placed on emerging technologies like blockchains and NFTs. The crypto industry is in support of the legislators calling out Big Tech. Description Apple faces a bipartisan investigation into the App Store’s regulations and procedures addressing applications connected to NFTs and the larger crypto industry. Gus Bilirakis, a Republican, and Jan Schakowsky, a Democrat, have written a letter to CEO Tim Cook requesting details on the restricted crypto policy of the App Store. Apple’s policies may be undermining … Read more Apple faces a bipartisan investigation into the App Store’s regulations and procedures addressing applications connected to NFTs and the larger crypto industry. Gus Bilirakis, a Republican, and Jan Schakowsky, a Democrat, have written a letter to CEO Tim Cook requesting details on the restricted crypto policy of the App Store. Apple’s policies may be undermining US technological leadership The two representatives who are also the chairman and ranking…

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