This Week on Crypto Twitter: Will Musk’s Everything App ‘X’ Tap Crypto for Payments?

It was one other underwhelming week for crypto markets as they appeared to cautiously worth within the results of one more rate of interest hike by the Federal Reserve on Wednesday. Whereas this transformation was solely 25 foundation factors, U.S. rates of interest at the moment are the very best they’ve been in 22 years. 

Over on Twitter—or ought to we name it X? Let’s follow Twitter for now—many voices reacted loudly to Elon Musk’s rebrand, step one in direction of his envisioned “every part app.” 

It will take a complete separate article to seize the sprawling outcry, however seeing as each Musk and Twitter maintain a spot within the hearts of crypto followers, it’s price highlighting that—in keeping with a tweet by researcher Asuna Gilfoyle—Twitter could also be tapping crypto for funds. Musk’s lengthy affiliation with Dogecoin and Bitcoin make them apparent decisions for the native foreign money.

Additionally of notice, Twitter actually hijacked the unique account holder of the @X deal with after in depth public hypothesis as to the deal with’s potential price to the corporate. It’s price noting right here that Twitter prohibits the sale of accounts and reached out providing the previous account holder some merchandise and a gathering with the bosses.

In case you’re one of many many who don’t just like the aesthetics of the rebrand, you are able to do one thing about it, because of software program engineer @0xCygaar.

Digital artist Beeple, who presently holds the file for the largest NFT sale ever made after netting $69.3 million for his assortment EVERYDAYS: The First 5,000 Days, was seen soliciting recommendation on Monday for his first ever buy of an NFT profile pic.

On Tuesday, Chinese language blockchain journalist Colin Wu reported mass layoffs (30%) on the Seychelles-headquartered KuCoin alternate. 

KuCoin CEO Johnny Lyu dismissed the information as unfounded rumors and reiterated the corporate line in regards to the firings being a part of a daily efficiency appraisal.

That day, crypto regulation knowledgeable @MetaLawMan wrote a thread outlining the 4 choices he believes are left to the SEC in its ongoing lawsuit towards Ripple. 

Tweeter @SpreekAway shared information of a serious exploit affecting lending protocol EraLend.

OpenAI CEO Sam Altman tweeted a video of an around-the-block queue of individuals ready to get their eyeballs scanned to allow them to obtain free crypto from his facet challenge Worldcoin. Worldcoin had a barely underwhelming and controversial launch week, together with a short-lived bump within the worth of its native token WLD. It did not assist that Ethereum creator Vitalik Buterin stated the challenge has “main points” of privateness, accessibility, centralization and safety and stated that it might take years for the protocol to work satisfactorily.

A grisly and deeply unlucky crypto-related homicide story made the rounds on Thursday. 

Longtime Yuga Labs hater @PopPunkOnChain stated he acquired calls from individuals who took considered one of his troll tweets critically. See how misinformation sticks?

Warning: on no account do you have to obtain one specific Korean real-time technique traditional on Steam. 

Jason Lowery, the creator of an instructional thesis in regards to the military-strategic significance of Bitcoin, was seen doing a little self promotion on Thursday. Aaand it bought out!