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Ethereum

Twitter fully integrates Ethereum Tipping and Wallet Support

Twitter takes a deeper dive into the crypto world, allowing users to tip one another in Ethereum alongside Bitcoin. This feature is only currently available for mobile.

  • According to Twitter’s updated tipping policy, users who agree to it can “copy someone’s Bitcoin or Ethereum address and paste their address into whatever wallet [they] use.”
  • In September, the platform introduced Bitcoin tipping over the lightning network, allowing users to connect their lightning addresses to their accounts.
  • However, some hackers noted Ethereum wallet compatibility was also embedded within Twitter’s code some weeks before Bitcoin tips were launched, including Alessandro Paluzzi and Jane Wong.
  • Ethereum’s late introduction may be attributable to Jack Dorsey, who was still in charge of Twitter last year. The billionaire left the company in December and has since dedicated himself to building Bitcoin infrastructure at Block.
  • However, he has shown distaste for cryptocurrencies besides Bitcoin – including Ethereum, which he’s suggested is “centralized” and driven by “corporate-controlled lies”.
  • Nevertheless, Twitter has embarked on various other Ethereum related projects in his absence. They launched a crypto team for developing dapps in November, alongside verified NFT profile pictures in January.
  • “We are expanding ways to get paid via Twitter, which includes more options for creators and fans that want to use cryptocurrency,” stated Johnny Winston, lead product manager of creator revenue at Twitter – to CoinDesk.
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Ethereum

Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows

Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday in a bid to go public on the New York Stock Exchange (NYSE).

The filing revealed that the company had invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).

  • According to the filing, the firm also acquired both ETH and one of the network’s layer 2 tokens, Polygon (MATIC), “as a form of payment for sales of certain virtual goods.”

“We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated.

  • As of December 31, the firm clarified that it only held BTC and ETH as crypto assets for treasury purposes. It also said that the net carrying value of its BTC and ETH holdings was, at that time, “immaterial.”
  • In the future, Reddit does not intend to invest in other cryptos unless they are identified as likely not being securities by federal regulators.
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Ethereum

Eigen Labs Secures $100 Million A16z Investment for Ethereum Protocol Expansion

On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $100 million investment from A16z Crypto. This substantial funding comes after the project’s $50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $100M from A16z Crypto Eigen Labs has secured a $100 million investment from [……
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Ethereum

Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes.

“Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday.

Cardano Is A Shitcoin, Says Hayes

Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be irrelevant,” he said.

Typically, the popular crypto essayist and trader is well known as one of the loudest long-term Bitcoin (BTC) and Ethereum (ETH) bulls, and often expresses interest in small-cap cryptos for short-term trading.

During the same interview, Hayes even expressed interest in the memecoin “dogwifhat” calling it the “best dog money of this bull cycle.

“I love Rare Pepe’s… I think we’re going to see a resurgence of NFT trading volumes,” he added.

The writer’s unique callout of Cardano ruffled some feathers online – especially with the network’s founder, Charles Hoskinson. On Tuesday, Hoskinson asked Hayes why he was “throwing shade” at Cardano.

“Cause your coin is a piece of shit man,” Hayes replied. “Just buy some ETH and chill.”

What Makes Cardano Unique?

Much like Ethereum, Cardano is a smart contract platform for developing decentralized applications. It also popularized as one of the first well-developed proof-of-stake cryptocurrencies, which use crypto rather than energy to secure its network.

However, many popular blockchains today now use the same mechanism, with Ethereum undergoing a massive upgrade in 2022 to adopt proof of stake. In terms of both market size and DeFi TVL, Cardano is still outsized by competitors like Ethereum, Solana, and Binance Smart Chain (BSC).

On Tuesday, Hayes published a list of the world’s most popular Dapps, and asked which of them had originated or grown most popular on the Cardano blockchain.

“From my very limited knowledge, it looks like none of them do,” he said. “That’s why ADA is dog shit.”

On Bitcoin, however, Hayes remains a bull, expecting strong money printing from the Federal Reserve to drive the asset’s price up soon.

“When printing money happens and you debase the value of time and human labor, we rejoice and say great, fuck you, we’re gonna take Bitcoin to a million,” he told Coin Bureau.

Late last year, Hayes predicted that Bitcoin would reach between $750,000 and $1 million by the end of 2026.

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