It was a busy week for the crypto Twitter community. Among the important tweets related to crypto regulations came from the European Parliament. The house wrote that its Economic Committee had struck a deal to approve proposed changes to Capital Requirements Regulation & Directive. The amendments will see the introduction of new rules blocking all unbacked crypto assets from “harming” the traditional financial system.
Last Monday, decentralized social media app Damus tweeted that it had been removed from Apple’s App Store after refusing to get rid of its BTC tipping feature. Apple had given the Web3 company fourteen days to integrate Apple Pay into its app and quit using Bitcoin. Damus argues that no content was being sold in the app to necessitate the need for integration of Apple’s payment mechanism. The Web3 firm has vowed to file an appeal against Apple’s decision.
Later that day, Coinbase CEO Brian Armstrong saw Damus’ tweet and called out Apple for infringing creators’ and users’ financial freedom. Former Twitter CEO Jack Dorsey supported Armstrong’s argument, saying Apple’s move was disrespectful and could damage its brand.
On Tuesday, crypto enthusiast Ekin Genc posted a chart showing that staked Ethereum had exceeded ETH on centralized exchanges. As per the data on the chart, ETH balance on exchanges stood at 23,355,775 while Staked ETH increased to 23,269,497.
That day, @tier10k, a Twitter account that shares crypto news, wrote that Nevada’s Financial Institutions Division (FID) had filed a petition against digital asset custodian Prime Trust, accusing the latter of using customer funds to buy crypto assets after losing access to its Legacy wallets in December 2021. FID is looking to place Prime Trust into Receivership.
On Wednesday, Raj Gokal expressed his excitement about the revival of the Futurama series on the video streaming platform Hulu. Gokal said the series had a crypto episode.
That day, Armstrong blamed the United States regulators for discouraging crypto adoption in the country due to their reluctance to establish sensible regulation. Armstrong’s Coinbase is among the many American-based crypto companies expanding into other countries as a result of the unclear domestic regulatory environment.
Kennedy Jr. Positions Himself as a Crypto-Friendly Presidential Candidate
Meanwhile, 2024 Presidential candidate Robert Kennedy Jr. is aiming to win the crypto community ahead of next year’s elections based on his recent tweet. He wrote that he would ensure Americans’ right to use and hold Bitcoin is inviolable. Michael Saylor, the CEO of the largest institutional Bitcoin holder MicroStrategy, replied to Kennedy Jr’s tweet, saying the United States needed a pro-Bitcoin President.
On Thursday, MicroStrategy announced it had acquired more BTC. As per the tweet, the company had bought 12,333 coins for $347 million. MicroStrategy now holds 152,333 BTC worth $4.53 billion as of this writing.
Later that day, Bloomberg ETF analyst Eric Balchunas shared a document indicating that ARK, one of the companies that applied for a Bitcoin ETF in June, had amended its application, boosting its chances of getting approval from the US Securities and Exchange Commission. ARK included a surveillance-sharing agreement with a US-based crypto exchange that supports Bitcoin spot trading. According to Balchunas, ARK’s application now stands a better chance of being approved than that of BlackRock.
Further, Market data shared by Kaiko shows that BTC’s correction with tech-heavy Nasdaq dropped by 3% last month, reaching its lowest level in three years.
Coffezilla Exposes Logal Paul for Not Fulfilling His Promise
Finally, YouTuber Coffezilla called out crypto influencer Logan Paul for scamming investors of his CryptoZoo NFT Project. According to Coffezilla, Paul had promised $1.8 million in refunds to victims at the start of the year, but six months later, not a single investor had been compensated.
Paul is currently facing several charges in relation to his involvement in the CryptoZoo project. A few weeks ago, one of the investors filed a lawsuit against him, accusing the influencer of abandoning his project after collecting funds from over 9,000 NFT holders. The investor wants the court to compel Paul to refund each one of them.
SureTradeGroup.com is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written or posted by our writers or editors and the opinions expressed do not reflect the opinions of this website. Any disagreement you may have with brands or companies mentioned in articles will need to be taken care of directly with those specific brands and companies. The responsibility of anyone who may click links in our articles and ultimately sign up for that product or service is their own. Forex, Stocks, Cryptocurrencies, NFTs and Dogital Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.