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Social media companies are scaling their efforts to immerse their platforms with blockchain technology. Earlier today, Twitter revealed that it is forming a team dedicated to exploring decentralized applications. Many know Jack Dorsey as a Bitcoin maximalist. However, this is only the first time his company has invested in the surrounding blockchain ecosystem. Twitter’s Crypto Team Tess Rinearson announced Twitter’s new team earlier today, revealing herself as the leader. She said that the team would focus on decentralized technologies that…

A global banking regulator will review its strict proposal for crypto regulation after pushback from central banks. Basel Committee on Banking Supervision said it would revisit its proposal on capital requirements for crypto. The current proposal treated crypto as one of the riskiest asset classes. As a result, significant banks opposed the regulation to limit their involvement in crypto. Due to the backlash, the Basel Committee went back to the drawing board. The regulator restated its commitment to a "conservative"…

Calls for a crypto tax have drawn severe backlash in the country where crypto trading is ubiquitous. Now, the governing party is set to delay the crypto tax, according to The Korea Times. Due to diminishing support from young voters ahead of the upcoming elections in May, the government will ask regulators to delay the implementation by one year. So instead of on January 1, 2022, the tax will take effect in 2023. Indeed, there were signs that this decision…

While some scoff at the idea of NFTs having intrinsic value, one content creator sees untapped potential in the space. Gary Vaynerchuck (a.k.a. “Gary Vee”) – VaynerMedia CEO and YouTube sensation – recently argued that Non-Fungible-Tokens would be a norm within two decades. NFTs and ‘Social Communication’ The entrepreneur explained his support for NFTs in an interview with Yahoo Finance’s Daniel Roberts earlier today. Roberts asked why it was so difficult to communicate the concept of NFTs to average people…

As major blockchain platforms are seeing upgrades, major cryptos are surging on a wave of trader enthusiasm. Bitcoin is surging to all-time highs, breaking $67,000. However, altcoins are doing even better. Ether has reached an all-time high of $4,841 following a network upgrade. Ethereum's Altair Upgrade Since the start of 2021, Bitcoin's dominance has fallen from 73% to 44%. Meanwhile, Ether's share of the crypto market cap has risen to 20%. Its main advantage is that it powers the Ethereum network, a…

Another mainstream billionaire has added cryptocurrency to his portfolio. Tim Cook – CEO of Apple – recently confirmed that he owns at least one of the two top cryptocurrencies. Cook’s Personal Interest In Crypto In a recent interview with CNBC’s Andrew Sorkin, Cook was asked whether he owns Bitcoin or Ethereum. “I do”, he replied.  I think it’s reasonable to own it as part of a diversified portfolio… I’m not giving anyone investment advice by the way.” [caption id="" align="aligncenter"…

Solana's ecosystem is getting a significant upgrade - for mobile. The Ethereum-like ecosystem that powers smart contracts will get a much-needed upgrade. Thanks to two significant players expanding into the space, the system will be easier to interact with on mobile. Recently, Phantom, a browser-based wallet, announced releasing an app for Android and Apple users. Developers said that that they will release a private beta of the app "around the holidays." They are planning to release the full launch in…

Eric Adams is already proving successful on his promise to make New York City a cryptocurrency hub. CityCoins – a community-led project built on Stacks – has chosen to develop a new crypto token to support New York City. This is the second city-based token the community has built following Miamicoin. Introducing NYCCoin CityCoins community leader – Patrick Stanley – discussed the news in a recent telephone interview with Bloomberg. He said that CityCoins had been deliberating whether to launch…

Feeling bullish? After achieving its first all-time high since April last month, Bitcoin has done it again within only weeks. Following a brief retesting at $60k, the primary cryptocurrency has surged back up to $67k and beyond. Furthermore, given the successes of various altcoins, the total cryptocurrency market cap has overtaken $3 trillion for the first time. Bitcoin To The Moon According to CryptoAdventure’s live price data, Bitcoin broke towards the upside late yesterday around 8pm EST. After seesawing between…