Top crypto tweets of the day – August 31st

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  TL;DR Breakdown The pair is trading at $5.27 after reaching a high of $5.30 and a low of $5.18. Polkadot price analysis shows an uptrend. DOT/USD is up by 0.82 percent over the past 24 hours.  Polkadot price analysis trades in a bullish trend today. The Bearish trend started the day at $5.22 and has since seen a rise in the price of DOT. It peaked at around $5.30, where it is now acting as a resistance. At the time of writing, DOT is trading at $5.27, representing an increase of 0.82% over the past 24 hours. Polkadot price analysis 1-day chart: Bulls rally above the $5.20 level The 24-hour chart for Polkadot price analysis shows the price of DOT is rising. In the past few hours, as the price of Polkadot has risen from $5.20 to the current $5.27 level, bulls have managed to break past the resistance at $5.20 and are now looking to push toward the next resistance level of $5.30. However, if bears manage to take control of the market, the price could fall back and…

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• South Korea empowers prosecutors with cutting-edge tools to combat crypto laundering across borders

  TL;DR Breakdown South Korea is acquiring cutting-edge blockchain analytics software to combat international crypto laundering. The aim is to harmonize scrutiny on international cryptocurrency platforms with the oversight already in place domestically. This move signifies a significant stride in the global fight against financial crimes related to digital currencies, positioning South Korea at the forefront. In a bold move aimed at tackling international crypto laundering, South Korea’s prosecution service is set to acquire cutting-edge blockchain analytics software. The innovative technology is expected to empower authorities to apprehend individuals engaged in illicit activities involving cryptocurrencies across borders. With their new arsenal of tools, authorities aim to harmonize the scrutiny applied to international cryptocurrency platforms, matching the level of oversight already in place for their domestic counterparts. This leap forward signifies a bold stride towards a more comprehensive and interconnected approach to combating financial crimes associated with digital currencies. By embracing cutting-edge blockchain analytics, South Korea is positioning itself at the forefront of the global battle against crypto laundering on a truly international scale. As the South Korean prosecutors forge ahead with…

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• Circle Introduces New Protocol to Enhance USDC Transactions on a Prominent Blockchain

  TL;DR Breakdown Circle introduces CCTP, a protocol enabling seamless movement of USDC stablecoin across different blockchains. CCTP enhances capital efficiency and accessibility for traders, addressing the challenge of capital fragmentation. Description Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a … Read more Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a highly capital-efficient solution for traders across various blockchains. This article explores the advantages of CCTP on Arbitrum and its potential impact on both the stablecoin ecosystem and the price of the Arbitrum protocol. Contents hide 1…

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• Coinbase responds to SEC lawsuit – Here is what they said

  TL;DR Breakdown Coinbase CEO Brian Armstrong responded to the SEC lawsuit, voicing confidence in the company’s position and readiness to seek clarity through legal means. Armstrong pointed out that the SEC had approved Coinbase to go public in 2021 and the firm had tried to work within unclear regulatory confines. He highlighted the regulatory confusion with conflicting stances from the SEC and CFTC on defining securities and commodities. Drawing upon an atmosphere thick with tension and marked by regulatory uncertainty, the cryptocurrency powerhouse, Coinbase, now finds itself in the spotlight following charges levied against it by the U.S. Securities and Exchange Commission (SEC). The CEO of Coinbase, Brian Armstrong, responded swiftly and assertively to these allegations, voicing his confidence in the company’s standing and expressing determination to seek clarity through legal channels. His comments came in a long tweet that underscored the urgency and depth of the regulatory conflict in the rapidly evolving crypto sector. He also attached a video that I, personally, enjoyed watching a lot. Coinbase’s legal stance The Coinbase leader began his defense by proudly stating that…

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• Tech CEOs urge US to rethink China restrictions

  TL;DR Breakdown US tech leaders from Intel, Nvidia, and Qualcomm have expressed concern to the Biden administration about the effect of export restrictions to China on the American chip industry’s global leadership. These discussions occurred in the midst of increasing US-China tensions, which are forcing tech companies to limit their operations in their largest market, China. Executives argued that existing regulations limiting the export of AI hardware to China haven’t slowed China’s AI development as intended. Description In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry and encouraged the administration to reconsider the ramifications of these … Read more In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry…

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