Hot Topics on Crypto Twitter Over the Past Seven Days
Most top cryptocurrencies posted massive gains last week, offsetting the losses incurred the previous week. The biggest crypto by market cap, Bitcoin, briefly crossed $25,000 on Thursday, while Ethereum, the second-largest coin, rose by 12.7% over the past seven days.
Meanwhile, European Central Bank demanded all banks in the region set a limit on their crypto holdings in an attempt to avoid too much exposure to the risks associated with crypto.
Last Monday, a prominent NFT collector Cozomo de Medici, announced that he planned to donate several NFTs to the Los Angeles County Museum of Art (LACMA).
Valentine’s day wasn’t worth celebrating for over 20 individuals sent home by NFT marketplace Magic Eden. The firm said the move was part of its restructuring plans.
On the same day, Eleanor Terrett, a Journalist at Fox, shared Lee Reiners’ suggestion on how stablecoins should be regulated. Reiners works at Duke Financial Economics Center as a policy director.
El Salvador Plans to Launch a Bitcoin Embassy in the US
On Wednesday, El Salvador’s ambassador to the United States, Milena Mayorga, tweeted that she had held talks with Joe Esparza, the Deputy Secretary of the Government of Texas, about introducing a Bitcoin embassy in that State.
Meanwhile, decentralized finance researcher and analyst Chris Blec took to his Twitter to claim that crypto lobbying organizations such as Blockchain Association do not represent retail investors but only corporate and venture capitalists.
On Thursday, a pseudonymous Twitter user (@LeonidasNFT) who regularly tweets NFT-related news revealed that the most expensive bitcoin-based digital rook doodle had been sold for over $90,000.
On Friday, another Twitter user (@Jdotcolombo) called out the creator of the famous Bored Ape Yacht Club NFT collection, Yuga Labs, for plagiarizing the logo of one of its projects. The firm has since promised to drop the drawing.
Last Week’s SEC Enforcement Actions
On that day, former NBA superstar paul Pierce was hit with a $1.2 million fine by the Securities and Exchange Commission (SEC) for promoting Ethereum Max. Celebrity Kim Kardashian was previously demanded to pay the same amount by the Commission.
Further, the SEC charged Do Kwon, the founder of Terraform Labs, with securities fraud in connection to his algorithmic stablecoin TerraUSD. Its collapse last May left several investors counting losses.
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