Elon Musk shows off with Twitterdoge, for years every Mac has had a hidden Bitcoin reference and guess how many people are paying tax on crypto? These stories and more, this week in crypto.
Elon Musk changes Twitter logo to Doge
Elon Musk changed the Twitter logo like the dogecoin logo of a Shiba Inu, causing the price of memecoin to jump 20% in one day. The doge logo appeared on Twitter two days after Musk asked a judge to dismiss a lawsuit accusing him of a dogecoin pyramid scheme.
Every Mac Has the Hidden Bitcoin White Paper
A accidentally found technologist a copy of Satoshi Nakamoto’s bitcoin whitepaper on his Apple Mac computer and claims that a PDF of the document has been included in every mac since 2018. Technologist Andy Biao says users can open the terminal and simply type a command to find it . I tried it myself by clicking on folders on my own Mac, and yes, it’s there! Apple has not commented on the discovery.
P2P platform Paxful suspends operations
Peer-to-peer bitcoin market Paxful announced that it suspend its operations for an indefinite period. The co-founder of the Africa-focused bitcoin trading platform, Ray Youssef, cited a staffing crisis and growing regulatory challenges as reasons for the decision, but also confirmed that a legal action brought by a co -founder of Paxful is one of the main reasons for the closure. Customers are advised to retrieve their funds from their Paxful wallets.
Ether rallies ahead of a major upgrade
Ether is trading at a nine-month high ahead of a major network upgrade. After April 12, an upgrade to the Ethereum blockchain, dubbed “Shapella,” will allow owners to withdraw their staked ether. Until now, investors would have to use centralized exchanges or DeFi protocols to essentially exchange their locked ether for equivalent value.
Binance Grows Despite Regulatory Worries
Binance will be forced to close its Australian derivatives business after Australian regulators revoked Binance’s derivatives license. The ASIC review came after Binance confirmed that it had incorrectly classified some retail investors as wholesalers. Despite ongoing legal issues with regulators around the world, Binance announced it is expanding its services in Argentina, allowing users to buy and sell crypto directly with local pesos.
Trump’s NFTs Jump Amid Indictment
Donald Trump’s digital sales collectibles jumped after the news of his indictment in New York. Official Trump digital trading cards saw a 400% increase in sales. The NFT collection was launched by Trump on social media in December with thousands of symbolic cards featuring him in many guises, including as Superman.
Ralph Lauren accepts crypto in Miami
Luxury fashion brand Ralph Lauren lets now customers to pay using crypto at its Miami Design District location. The store has become the brand’s flagship for Web3 promotions. Bitcoin, Ether and Polygon’s matic are among the cryptocurrencies accepted in the new store, with payments facilitated by BitPay.
2022 Study: Crypto Investors Didn’t Pay Taxes
Swedish crypto tax company, Divly, published a new report estimating that only half a percent of crypto investors globally paid tax on their crypto in 2022. Research finds that Finland is the leader in tax-paying crypto investors with 4%, followed by Australia, from Austria and Germany. The United States came in at 10th, with 1.62% of its investors paying crypto taxes.
That’s what happened this week in crypto, see you next week.