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Bitcoin tipping may soon be available on Twitter, Coinbase issues free BTC to those who haven’t been hacked and does men invest more in cryptocurrency than women? These stories and more are coming this week in Cryptocurrency.
Twitter may also be moving in a more bitcoin-focused direction as rumors circulate that they will add the ability to direct users to bitcoin through a new “Tip Jar” service. Leaked data from the beta code indicates that Twitter will integrate Bitcoin transfers via the Lightning Network with the help of Strike.
Cryptocurrency exchange Coinbase has experienced an issue with its notification system that caused 125,000 customers to receive emails or texts saying their two-factor authentication data had been compromised. Since then, Coinbase has taken to social media to explain the fatal error and reward all customers who receive messages with around $100 in BTC.
In El Salvador, many anti-crypto residents have taken to the streets to make their voices heard. Across the nation’s capital, San Salvador, people have been waving banners blasting bitcoin’s volatility and its links to illicit monetary behaviour. It appears that the anti-Bitcoin protests were part of a broader rally by retirees to demand higher payments.
The American division of cryptocurrency exchange, FTX will soon start offering crypto derivatives to its customers. The trading platform has bought the parent company of LedgerX LLC and is set to offer new products such as cryptocurrency futures and options to those looking for exposure to digital assets such as Bitcoin and Ethereum.
The SEC, the US financial regulator, has filed charges against one of the most controversial cryptocurrency projects – BitConnect. The regulator claims that it pulled more than $2 billion from retail investors by conducting an unregistered offering of digital assets until several US state agencies issued cease and desist orders at the end of 2017 and eventually shut them down.
Decentralized crypto-lending platform Cream Finance suffered a hack that left $34 million in crypto funds disappearing overnight. The company took full responsibility for the event, claiming an error opened the door for the intruder to engage in the theft. Karim confirmed that all affected users will have their money exchanged.
Finance giant Visa has purchased its first non-fungible token (NFT) for nearly $150,000. The NFT – designed by digital artist CryptoPunk – is stored on the Ethereum blockchain and is held by Anchorage Digital, the first US bank to have such an asset. Visa said this is the first of what may be a series of ongoing NFT purchases.
Crypto fans who also enjoy Dallas Mavericks games and spend over $150 in crypto on team related merchandise will be provided with a $25 e-gift card. The giveaway, dubbed Mavs Cryptomania, is the latest move by the NBA team to promote cryptocurrency after the team earlier this year added dogecoin as a payment method.
A study by CNBC and Momentive indicates that women are not sufficiently engaged in the coding space. According to the study, about 16 percent of men invest in digital assets. That’s more than double the number of women involved in crypto, which is only about 7 percent.
This is what happened this week in cryptocurrency, see you next week.
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