On Twitter, artists who get many followers may now be tipped using bitcoin. The firm said on Thursday that it is already rolling out its Tips feature to all iOS users, and Android users will soon have access to it.…
US States CLAMP DOWN on Crypto Lending Service Celsius Network
The most recent legal action against the Celsius Network by a U.S. state has attracted the eye of many crypto enthusiasts. The State of Kentucky has lodged a complaint against Celsius, a crypto lending service. A state securities division ruling…
China Injects Billions to Help Evergrande; How Crypto Can Benefit
The Chinese Central Bank has injected 120 billion Yuan, around $19 billion, into the country’s banking system in an attempt to indirectly bail out the failing Evergrande. As reported earlier in the week, Chinese real estate corporation Evergrande is facing…
Treasury Dept. SANCTIONS CRYPTO EXCHANGE DUE TO RANSOMWARE in UNPRECEDENTED Move Against Suex
As part of a series of measures targeting the use of digital currencies in ransomware attacks, the Treasury Department announced the first penalties on a cryptocurrency exchange on Tuesday. All transactions involving the cryptocurrency exchange Suex will be blocked under…
SEC Chair Gary Gensler GOES ON THE OFFENSIVE AGAINST CRYPTO, Labeling Stablecoins “Poker Chips”
In an interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler compared stable coins to “poker chips,” a term he has previously used to describe the $2 trillion cryptocurrency industry as “the Wild West.” Furthermore, he argues…
Snoop Dogg Reveals His Identity as HUGE NFT WHALE COZOMO MEDICI
Rapper Snoop Dogg has revealed that he is an NFT whale who goes by the Twitter handle Cozomo de’ Medici. He has a fortune in crypto collectibles valued about $17 million, including nine CryptoPunks. The world of NFTs was sent…
Coinbase BACKS DOWN from Launching Lend Product After the SEC’S THREATS
Bloomberg reported that Coinbase has abandoned plans to introduce Lend, a service that would have allowed users to earn interest on specific currencies. To make its customers aware of the shift, the business updated a blog post from June and…
Evergrande Crisis Puts Cryptocurrencies at Risk of Collapsing
The cryptocurrency market took a big hit on Monday morning as various assets fell drastically; with Bitcoin having fallen below $44,000 a coin and Ethereum down to around $3,000. The main culprit behind this drop is the Chinese corporation Evergrande,…
Laos Decides to Dabble in Crypto
As a result of the ongoing pandemic, Laos has seen a drop in tourism, and subsequently, in income. Therefore, the southeast Asian country permitted six companies to mine and trade Bitcoin as a type of trial run program. On September…
Binance Investigated AGAIN, This Time over INSIDER TRADING CONCERNS
In addition to ongoing regulatory trouble, Binance is now being investigated for allegations of insider trading, according to a Bloomberg article. The inquiry is being conducted by the Commodity Futures Trading Commission, according to the document, which references unnamed individuals…