Top crypto tweets of the day – August 31st

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• Patiently powering through insight into the Philippines’ delay in issuing crypto regulatory framework

  TL;DR Breakdown The Philippines Securities and Exchange Commission (SEC) is adopting a careful approach to creating a legal framework for the crypto industry. The SEC Chairman, Emilio Aquino, affirms the need for robust investor protection in the forthcoming crypto regulations. A partnership has been formed between the SEC and the University of the Philippines Law Center to draft guidelines for digital assets. Amidst the shimmering waters of the Pacific and the lush greenery of the archipelago, a sophisticated dance of regulation and freedom unfolds in the Philippines, one of Southeast Asia’s rapidly accelerating economies. After the global market failures in 2022, the country’s financial watchdog, the Philippines Securities and Exchange Commission (SEC), has opted for patience and precision over haste in the journey toward crypto regulation. The chairman of the Philippines SEC, Emilio Aquino, shed light on the story behind the delay. The regulatory body had initially planned to publish the crypto legal framework in 2022, a deadline that was later revised. This decision came after the catastrophic FTX exchange collapse, which rippled shockwaves through the global crypto community. According…

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• Coinbase Ventures Makes Strategic Move with Investment in Rocket Pool

  TL;DR Breakdown Coinbase Ventures announces a strategic investment in Rocket Pool, emphasizing the importance of decentralized Ethereum staking. Following the investment, Rocket Pool’s RPL token sees an 8% price surge, with market speculations of it nearing the $40 mark. Description In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. … Read more In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. Contents hide 1 A Deepening Relationship: Coinbase and Rocket Pool 2 Coinbase’s Active Participation in Rocket Pool’s Growth 3 Rocket Pool’s RPL Token: A Potential Bull Run…

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• BitMEX re-enters derivatives arena with novel prediction market

  TL;DR Breakdown BitMEX has launched a new prediction market, allowing traders to bet on real-world events, as it returns to its core focus on derivatives. The initial contracts in the prediction market include options to bet on the recovery rate of FTX’s bankruptcy claims and the approval of a Bitcoin ETF by the U.S. SEC before October 17. Description BitMEX, a name once synonymous with crypto derivatives, has unveiled a prediction market, marking its return to its core business. The new product allows traders to capitalize on real-world events including cryptocurrency price movements. However, this move comes after a period of restructuring and a shift in leadership, with Stephan Lutz taking the reins as … Read more BitMEX, a name once synonymous with crypto derivatives, has unveiled a prediction market, marking its return to its core business. The new product allows traders to capitalize on real-world events including cryptocurrency price movements. However, this move comes after a period of restructuring and a shift in leadership, with Stephan Lutz taking the reins as CEO and group CFO. Lutz, in a release,…

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• Goldman Sachs considers exiting partnership with Apple, shifts focus on financial services

  TL;DR Breakdown Goldman Sachs is reportedly considering ending its partnership with Apple, including the virtual credit card collaboration. The bank is in talks with American Express to potentially take over Apple’s credit card and other joint ventures. This strategic shift aligns with Apple’s aim to reduce reliance on external partners for financial services and Goldman Sachs’ efforts to adapt to changing market conditions. Description Goldman Sachs Group Inc,  a leading investment banking and financial services company, is contemplating an exit from its partnership with Apple Inc (AAPL.O), according to reports by Wall Street Journal. The collaboration between the two giants began in 2019 with the launch of a virtual credit card. According to the report, Goldman Sachs is currently … Read more Goldman Sachs Group Inc,  a leading investment banking and financial services company, is contemplating an exit from its partnership with Apple Inc (AAPL.O), according to reports by Wall Street Journal. The collaboration between the two giants began in 2019 with the launch of a virtual credit card. According to the report, Goldman Sachs is currently discussing with American…

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• Kraken resolves issue with Ethereum funding gateway after brief delay in withdrawals

  TL;DR Breakdown Kraken, a cryptocurrency exchange, resolved a critical issue with its Ethereum funding gateway on July 30th, which could have caused significant transaction delays. The exchange’s prompt investigation and technical expertise led to an efficient resolution, minimizing disruption to users. After addressing the issue, Kraken updated its status page to inform users that all systems were operational, allowing Ethereum-related transactions to proceed without potential delays. Description On July 30, cryptocurrency exchange Kraken made an announcement regarding the resolution of a critical issue with the funding gateway of Ethereum, the world’s second-largest cryptocurrency. The problem, which had the potential to cause delays in deposits and withdrawals, prompted the company to investigate promptly to address the concerns of its users. Earlier that day, … Read more On July 30, cryptocurrency exchange Kraken made an announcement regarding the resolution of a critical issue with the funding gateway of Ethereum, the world’s second-largest cryptocurrency. The problem, which had the potential to cause delays in deposits and withdrawals, prompted the company to investigate promptly to address the concerns of its users. Earlier that day,…

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