Sat - 29 July

29 Jul; 10:30 AM

Headlines for today: • Jio Meets BlackRock• Amazon To Offer Bitcoin Querying Services• Buterin Is Worried About WorldCoin • Abandoned X Token Soars 2,000%

Jio Meets BlackRock: BlackRock, the global investment powerhouse, is joining forces with Jio Financial Services (JFS) to bring a cutting-edge investment approach to India. 🌐🚀 Meet Jio BlackRock, the exciting 50:50 joint venture that's set to transform India's asset management landscape and open up investment opportunities for all. 💼💰 By combining BlackRock's unmatched investment expertise with JFS's local market savvy and digital infrastructure, they're on a mission to revolutionize India's financial services industry. 📈💹 Launched on July 26, this powerhouse collaboration is fueled by a hefty investment of $150 million from each partner, aiming to democratize access to investment solutions and pave the way for a digitized and affordable investment future for all Indian investors. 🇮🇳🤝 Get ready, India, because Jio BlackRock is here to redefine the game! 🎉🏆

Amazon To Offer Bitcoin Querying Services: Amazon Managed Blockchain (AMB) is taking a big step into Web3 with exciting upgrades! During the AWS Web3/Blockchain Summit in New York City, AMB unveiled improved Access and Query functions, advancing their blockchain services.💪🌟 As a Blockchain-as-a-Service platform, AMB makes it easier for businesses, startups, and developers to create and manage scalable blockchain networks. The upgraded Access offers users more insights into network activity and transaction history, while the Query feature provides developers easy access to blockchain data across multiple chains, starting with Bitcoin and Ethereum, via APIs. 📈💹 To boost accessibility, Amazon introduces a pay-as-you-go model, making blockchain tech more affordable for users. Get ready to explore the possibilities with AMB's enhanced features in the Web3 universe!

🧐 Buterin Is Worried About WorldCoin: Ethereum co-founder Vitalik Buterin raises significant concerns about OpenAI CEO Sam Altman's latest crypto project, Worldcoin, in a recent blog post. Worldcoin's user authentication system, called "Proof-of-Personhood" (PoP), claims to verify users without storing personal data or relying on a central authority. However, Buterin highlights four major worries with this system: privacy, accessibility, centralization, and security. 🥷 Scanning the iris to obtain a "World ID" may inadvertently reveal more information than intended and access to the necessary "Orb" device could be challenging for many. Buterin also questions the hardware's integrity and the potential for backdoors, which could compromise the system's authenticity. 🔬 Lastly, security concerns arise from the possibility of phone hacking and coercion for iris scans. Buterin's post sheds light on the potential issues surrounding Worldcoin's PoP and urges careful consideration of these concerns in the project's development.

Abandoned X Token Soars 2,000%: 🚀📈 Elon Musk's rebranding of the social media platform Twitter to an "everything app" X has sent an unrelated microcap X token soaring over 2,000% in the last 24 hours, per Coingecko data. 🤯 However, interest in the token has retraced, with its 24-hour trading volume falling below $100,000, and its market cap dropping to $959,876 from a peak of $2.5 million during the same period. 😕 X is the native token of a defunct decentralized X NFT marketplace (x.xyz) and is primarily limited to the X DAO. 🏛️ This sudden price surge highlights how speculation can drive the value of abandoned cryptocurrencies, even after their original utility has been removed. 💹💭