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This week in the crypto world we’ve seen Twitter integrate crypto trading (sort of), Ethereum stakers unlock their first rewards, and the New York Times get hot and heavy over Bitcoin mining.
Shock.
Twitter Integrates Crypto and Stock Trading
Twitter this week announced a collaboration with trading and investing platform eToro to provide users with real-time pricing information on various assets, including cryptocurrencies and stocks, as well as trading them.
The feature will make use of Twitter’s Cashtags feature, which has been operational since 2012, and which Twitter CEO Elon Musk highlighted last year as one of several product enhancements for financial Twitter, including from the trading site Tradingview.
The move is the latest effort by Musk to make Twitter the ‘everything app’ and represents a rare piece of good news after a turbulent start to his reign as Twitter boss.
Ethereum Rewards Unlocked With Shapella
Ethereum’s Shapella upgrade went live this week, with fears that billions of dollars worth of ETH would be sold off proving to be unfounded. Even the unnerving spectacle of Ethereum developers singing campfire songs as the fork took place wasn’t enough to anger the crypto gods, as the upgrade went through successfully and stakers were able to get their hands on the first tranche of their staked ETH and rewards.
Ethereum rallied to $2,100 in the wake of the upgrade, with stakers hoping that the price stays up when they actually get their hands on their rewards.
New York Times Savaged Over Bitcoin Mining Piece
The New York Times was this week criticized for a “false and distorted” take on the damage caused by Bitcoin mining in America, according to mining companies and insiders. Bitcoin supporters and companies in the mining space piled in on the Times report authors, accusing them of using incorrect statistics to back up a point they clearly wanted to make from the outset, with the piece quickly consigned to the ‘political propaganda’ heap.
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Mark Hunter