Crypto World Analysis

2022-04-25 09:33:02 Stripe Announces Crypto Payout on Twitter via the Polygon Network

Stripe introduces a pilot program on Twitter, allowing a select group of creators to send and receive payments in USDC.San Francisco-based fintech giant Stripe announced its latest advance into cryptocurrency by partnering with Twitter.

The company stated in a blog post that Twitter will be the first company to integrate the new payment method into monetization products. The social media platform will allow creators to get their earnings on Ticketed Spaces and Super Follows immediately settled in cryptocurrency wallets.“All crypto-related complexity and operations” will be handled by Stripe, so Twitter won’t be in charge of storing and acquiring cryptocurrencies.The fintech firm picks the Polygon network to process all the on-chain transactions for its strengths in “low gas fees, high speed with Ethereum."

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2022-04-24 10:30:57 Terra (LUNA) Network Addresses Scammed Out of $4,310,000 in Phishing Attack: Blockchain Security Firm SlowMist

A leading blockchain security firm is warning that a phishing scam conned more than 50 Terra (LUNA) network users out of nearly $4.31 million worth of crypto assets.

“Users would search well-known projects on the Terra blockchain such as Anchor or Astroport only to click on the first link by Google. These may look like normal ads and some even show the same domain names, but once you click on the link, the domain name actually changes.When clicked, it’ll prompt you to connect your wallet, however instead of connecting, users are asked to input their seed phrase.”

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2022-04-23 14:02:02 Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets

As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets.

Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it's highly unlikely that governments around the world would manage to ban the use of noncustodial wallets one day. Such a ban would be easy to enact, but it would cover only a portion of noncustodial wallets and would likely motivate users to look beyond the popular app stores.

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2022-04-22 12:21:02 Binance embarrassed after unveiling swastika-like emoji… on Hitler's birthday

Binance, the world's largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika. On Wednesday morning, Binance CEO, Changpeng Zhao retweeted Binance's original post, adding "#binance" to show off the new emoji.

Smaller Twitter account, Nftshare posted about it to their 300 followers which gained more than 6000 likes and hundreds of retweets, saying that "The new Binance emoji is a literal swastika" while other large accounts on Crypto Twitter rushed to make jokes about Binance's gaffe.

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2022-04-21 16:44:02 An Economist Mohamed El-Erian Predicts That The Fed's Response To Inflation Will Push Crypto Prices Higher

In an interview with CNBC on Monday, economist Mohamed El-Erian examined the US economy, markets, and the Federal Reserve's approach to inflation."Because the big argument for crypto is it's a diversifier. At the time of inflation, it's attractive. And recently, crypto hasn't played that role."

The economist explained: "There's a reason why, and that's because crypto, unlike gold, benefited enormously from all the liquidity injections. So what you're getting in crypto is a tug of war between a recognition that liquidity is going out from the system as a whole and attractiveness as a diversifier. So far, it's the liquidity element that is winning out."

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2022-04-21 10:56:00 Insights and Breaking News on Bitcoin and the whole ecosystem.

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2022-04-20 14:54:02 UK crypto sector hopeful for new stablecoin guidelines to bring more clarity

A new UK crypto regulatory package should clear up some confusion for digital asset firms about which rules they must follow.The cryptocurrency sector in the United Kingdom is confident that upcoming stablecoin laws would clear up “grey areas” for issuers.

The United Kingdom’s Treasury, the government’s finance department, declared last Monday that stablecoins will be regulated under its payments framework as the first step in a multi-stage process to develop a comprehensive crypto regulatory system.This implies that stablecoin issuers would have to comply with the 2017 payment service laws, which would require them to register with the Financial Conduct Authority (FCA) and follow rules for providing payment services, as well as fulfil particular payment transaction standards.

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2022-04-19 13:23:02 Indian Crypto Exchanges Go P2P to Skirt Payment Channel Restrictions

A number of Indian cryptocurrency exchanges are facilitating peer-to-peer transactions as part of an ongoing effort to get around restrictions imposed by banks and payments companies.The Reserve Bank of India has issued a number of warnings to them regarding payments to crypto exchanges.

The exchange planned to open with the popular Unified Payments Interface service, but state financial regulators put the brakes on that, stating that they were not aware of any exchange using UPI. Last week, Indian exchange CoinSwitch Kuber also halted crypto deposits and withdrawals through the payments network on its platform.

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2022-04-19 00:58:35 JUST IN: Elon Musk says Twitter board members' salaries will be $0 if his bid to purchase the platform succeeds.

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