Twitter, Stripe roll out crypto payments for creators
Twitter has partnered with financial infrastructure platform Stripe to launch a pilot payout for creators. Stripe will initially release payouts using USD Coin (USDC), a stable coin pegged to the US dollar. Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology, and integration with Ethereum.
Crypto prices today: Bitcoin falls 3.2%, ETH down 4.7%
Bitcoin is currently trading at $38,500.93, a 3.2% decline over the previous day. Ethereum is down 4.74% over the last 24 hours to $2,814.74. Solana fell 6.3% to $95.27, while Cardano is trading lower by 6.65% at $0.837. Polkadot (DOT) crashed nearly 9% to $17.22. The global crypto market cap stands at $1.77 trillion, a 4.15% decline over the previous day.
Grayscale renews push with SEC for Bitcoin Spot ETF
Grayscale has renewed a months-long push to persuade the Securities and Exchange Commission to approve the conversion of its $40 billion Bitcoin Trust into an exchange-traded fund (ETF). Though the SEC has approved four Bitcoin futures ETFs so far, it has not approved a single Bitcoin spot ETF.
US bank regulator accuses crypto bank of compliance issues
The Office of the Comptroller of the Currency (OCC) in the US plans to start cease & desist proceedings against Anchorage Digital Bank National Association (ADBNA). The crypto bank failed to adopt a compliance program that meets the requirements of the Bank Secrecy Act and anti-money laundering rules.
Crypto trading volumes in Indian exchanges drop after new tax rules
The trading volumes on major Indian crypto exchanges has declined following the adoption of the new tax law. The volumes of four Indian exchanges— WazirX, ZebPay, CoinDCX, and BitBns— were compiled using data from CoinMarketCap and Nomics. Trading volumes in WazirX was down 72%, ZebPay down 59%, CoinDCX down 52%, and BitBns down 41%.
