What Happened in the Crypto Industry & NOBI Over The Last Week?

Hi NOBI’s! Earlier this month, the crypto space kept bringing some interesting news to the world. One of these, came from McD, which officially accepts payments using Bitcoin and USDT in a city in Switzerland. In addition, there is also Elon Musk who finally bought Twitter for IDR668 Trillion. Then, what else? Let’s take a look at what’s new and interesting we have for you!

1. In This City, You Can Buy McD with Bitcoin and USDT!

Multinational fast food company McDonald’s is now officially accepting Bitcoin (BTC) and Tether (USDT) as payment methods in the Swiss city of Lugano of 63,000 people. For information, the city is also a hotspot for crypto adoption in Western Europe.

In a video on Bitcoin Magazine’s Twitter account, a one-minute video is shown of ordering food at a McDonald’s digital kiosk. Then, the customer pays for it at the cashier with the help of a mobile application. Next, the cashier handed over an EDC machine bearing the Tether and Bitcoin logo. The transaction was completed in just seconds.

2. After a Long Drama, Elon Musk Officially Buys Twitter for IDR668 Trillion

Tesla CEO Elon Musk has finally decided to go ahead with the purchase of Twitter. This is known from a letter that Musk sent to Twitter to follow up the purchase with an initial deal price of US $54.20 per share.

Twitter also confirmed it had received Musk’s letter. Based on the letter, Musk agreed to buy Twitter at a price according to the initial agreement, which is 54.20 US dollars (IDR823,000) per share or a total of 44 billion US dollars (IDR668 trillion), data collected from TechCrunch, Wednesday (05/10/22).

3. Kim Kardashian Pays $1.26 Million Fine for Paid Crypto Ad

Kim Kardashian was fined US$1.26 million or equivalent to IDR19.2 billion by the Securities and Exchange Commission (SEC) for promoting the crypto asset, EthereumMax on Instagram.

The fine was imposed after the SEC said Kardashian failed to disclose she was paid $250,000 for posting EthereumMax post on her Instagram account. The fine was also imposed after the SEC found evidence Kardashian violated the Federal Securities Act.

4. Telegram Enables Users With Crypto Transfer, Now You Can Exchange Your Bitcoin with One Another!

Wallet Bot developers on instant messaging app Telegram launched a peer-to-peer crypto exchange (P2P). Now, users can buy Bitcoin (BTC) crypto assets with a sales transaction fee of 0.9%.

By building a Domain Name Service (DNS) ecosystem as well as websites and proxies, this service will later be able to support buying and selling cryptocurrencies Bitcoin, using only real currencies such as US Dollars, Euros, Russian Ruble, Ukrainian Hryvnia, Belarusian Ruble, and Kazakh Tenge .

5. Incoming Crypto Regulations in the US Could Be a ‘Green Light’ for Institutional Investors

After a long wait for crypto enthusiasts around the world, now the launch of US crypto regulation is inevitable. The reason is, earlier this week, the Biden administration had urged the US Congress to speed up the legalization of the regulatory framework.

The adoption of crypto regulations, which crypto enthusiasts have been waiting for for a long time, is believed to be the major catalyst to drive an even greater wave of institutional adoption. On the other hand, so far financial institutions tend to remain skeptical of this asset class due to regulatory ambiguity, especially in America.

However, if the US Congress can finally agree on how to manage digital assets without stifling innovation, it could set the ‘green light’ for the world’s biggest players in finance and investment.

That wraps up for Crypto This Week. We’ll see you at the next one!

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