“Twitter users on Apple’s iOS will now be able to connect third-party tipping services to their profile on the social media site. That will include the ability to link both Bitcoin addresses and Lightning Network addresses. The “Tips” feature will roll out on Twitter’s iOS app today and will come to Android systems “soon.”
Twitter also announced today that it will add non-fungible token (NFT) verification features to the platform, a key step in the evolution of the booming trend for unique digital art, particularly as social media avatars. No specific timeline was laid out for the feature, which remains in development.
The feature is part of a broader push to increase the options for Twitter users with large followings to monetize their content.
The tipping feature will rely entirely on third-party payments services like Jack Mallers’ Strike app. Twitter is “not in the flow of funds” and won’t take a percentage of tipping proceeds, the company said.
There’s this great opportunity for us to choose global, barrier-less options.
Twitter’s addition of NFT verification is arguably just as significant as the new tipping feature. Over the past six months, the use of NFTs as avatars on the platform has exploded, with even celebrities like Jay-Z displaying multimillion-dollar CryptoPunks. A system for verifying the ownership and provenance of NFTs will likely add fuel to that practice and, in turn, reinforce the NFT ecosystem more broadly.”
“The startup said its “Strike API” – a payments plugin that processes bitcoin transactions over the Lightning Network – will roll out across a series of business partners.
Soon, any internet network, online marketplace, merchant, business, developer and more will have access to cheaper, faster, global payments of any size with the Strike API.
Mallers said a “select group” of businesses are preparing to integrate Strike API in the weeks ahead. That promise raises the prospect of massive new adoption of the Lightning Network, a layer 2 technology that allows users to make faster and lower-fee Bitcoin transactions.”
“Investment bank JP Morgan said Wednesday that investors are looking to Ethereum futures instead of Bitcoin futures—meaning there’s now more interest in the second biggest cryptocurrency among major investors.
This pivot in interest is a “setback for Bitcoin,” according to a Thursday Business Insider report. Bitcoin futures on the Chicago Mercantile Exchange’s (CME) traded below the price of Bitcoin this month.”
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“Enya’s Boba Network announced its public mainnet launch on Monday, adding to a small but growing group of layer 2 technologies working atop the Ethereum blockchain. Boba would allow users to withdraw funds in minutes, as opposed to days, while using Optimism, said Chiu.
The project, which was developed by OMG Foundation core contributor Enya, also announced it would be releasing a $BOBA token to support decentralized governance of the network. Existing $OMG token holders are expected to receive a one-to-one drop of $BOBA tokens “later next month” if they bridge their $OMG tokens to the new Boba network.
We have a feature called Hybrid Compute, which allows developers to build advanced algorithms that are too expensive to do on-chain.
Since its beta launch last month, Boba Network has partnered with several DeFi projects, including DODO, a decentralized exchange (DEX) with approximately $70 million in total collateral locked, and Sake, a protocol that allows users to buy perpetual contracts.”
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“Snoop will have a custom-themed environment in the game featuring a mansion, playable Snoop avatars, and plenty of weed-themed imagery. Further NFT drops are planned, as well, along with an in-game concert.
All told, just 1,000 of the NFT party passes will be released, with 650 of them available for purchase from The Sandbox’s marketplace. Another 212 will be awarded to users who purchase LAND plot NFTs from the upcoming Snoop LAND sale, with the rest given away during airdrops.
I’m always on the lookout for new ways of connecting with fans and what we’ve created in The Sandbox is the future of virtual hangouts, NFT drops, and exclusive concerts.”
“Bitcoin hasn’t shown signs of weakness since Powell signaled the tapering at Wednesday’s press conference.
Tapering is a matter of when. I think that has already been factored in.
The Fed is now out of the way, and the Evergrande fears look to be subsiding with media reports stating that China may take over the cash-strapped property developer. However, regulatory risks linger and could play spoilsport.
Regulatory clarity is the main threat to crypto growth at the moment, I would say increased clarity will allow institutions into the market since they have a very stringent reg-stack to comply with.
While this will be an ongoing saga, we are also seeing some promising signs of regulatory development, including some fresh optimism that a physical or futures-based [exchange-traded fund] may be getting the green light soon.”
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“OpenLaw, which aims to ‘automate the connection between the digital world and the real world using legal agreements,’ will soon be Tribute Labs.
OpenLaw automatically creates and executes legal contracts by using Ethereum. But now it will help new DAOs navigate the complex legal world in the U.S. So far, Tribute Labs is working with eight DAOs.
We found a spot, just really supporting and helping to build DAOs.”
“Netflix announced that the documentary Trust No One: The Hunt for the Crypto King will premiere in 2022. The story, which follows “a group of investors turned sleuths,” will focus on the events around the death of Cotten, who reportedly died while doing volunteer work at an orphanage in India, leaving QuadrigaCX users out of pocket for roughly $190 million in crypto.
Cotten died in December 2018, reportedly due to complications from Crohn’s disease. At the time, he was the only person to have access to millions in crypto from more than 100,000 users with wallets on the QuadrigaCX exchange. This led many in the crypto space to initially suspect that Cotten had faked his death and absconded with the funds.”