Crypto
Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: Oct. 5-11, 2022 – Innovation & Tech Today
Kim Kardashian Pays $1.26 Million Wonderful for Crypto Promotion
Celebutante Kim Kardashian has paid $1.26 million to the Securities and Alternate Fee (SEC) to settle costs regarding her promotion of the EthereumMax digital token.
Kardashian promoted the cryptocurrency to her 328 million followers on Instagram in June 2021, triggering an investigation by the SEC.
In line with the regulatory physique, the fact TV star didn’t disclose the truth that she was paid a considerable sum of money to promote the token. Whereas Kardashian did put up the hashtag “#advert,” SEC chair Gary Gensler mentioned in a information launch unveiling the costs that the legislation requires celebrities “to speak in confidence to the general public when and the way a lot they’re paid to advertise investing in securities.”
The crackdown on Kardashian is a component of a bigger marketing campaign by the regulatory physique to guard newbie buyers within the wake of the latest “crypto craze.”
Bitcoin Bounces Again Amid Slowing Fed Fee Hikes
Bitcoin crossed the $20,000 threshold as soon as once more Tuesday in anticipation of slowing Fed price hikes.
The bullish momentum of the flagship cryptocurrency is due partially to an announcement by the U.S. Institute of Provide Administration (ISM) that its manufacturing buying managers’ index (PMI) dropped to 50.9 in September, the bottom studying since Might 2020, from 52.8 in August. Notably, the index’s new orders and employment measures contracted, strengthening the case for the Fed pivot.
“It’s been a case of ‘unhealthy information is sweet information’ for equities, with the market treating the draw back shock to the ISM index as growing the possibilities of an earlier Fed pause, seen as optimistic for threat property,” Financial institution of New Zealand’s analysis crew mentioned Tuesday.
Bitcoin tends to maneuver roughly in step with equities and has halved this yr when it comes to market worth, with the Fed elevating charges by 300 foundation factors.
McDonald’s in a Swiss City Now Accepting Bitcoin, Tether
A McDonald’s situated within the 63,000-populated metropolis of Lugano within the Italian-speaking area of Switzerland is now accepting Bitcoin and Tether.
The area is turning into a hotspot for crypto adoption in Western Europe, and native franchisees need to get in on the motion.
It was solely a matter of time earlier than the world’s greatest quick meals chain started accepting cryptocurrency. That day is lastly right here. If anybody was nonetheless on the fence about whether or not Bitcoin has endurance, the latest adoption of the world’s most respected cryptocurrency by the McDonald’s stands out as the ultimate proof that it isn’t going away any time quickly.
On March 3, town signed a memorandum of understanding with Tether Operations Restricted, launching an initiative generally known as “Plan B.”
Along with permitting Lugano residents to pay their taxes utilizing crypto, the mission will prolong funds to parking tickets, public providers and tuition charges for college students.
Will Tamadoge Change into the First $1 Memecoin?
Memecoin mission Tamadoge has been making waves this week, because the token’s worth surged over 200% following a number of important listings.
Crypto-hungry buyers can now purchase TAMA by centralized exchanges (CEXs) like OKX and BitMart, with the token additionally accessible on decentralized trade (DEX) Uniswap.
OKX was the primary main CEX to listing Tamadoge final week, permitting merchants to profit from the hype surrounding the mission. In line with CoinMarketCap, OKX has over 1.4 million weekly guests and recurrently handles greater than $1.3 billion in each day buying and selling quantity.
Prime 6 Altcoins Set to Explode in 2023 (In line with AltCoin Every day)
