Recapping the biggest news stories of the weekend. If you’ve missed the top stories of the weekend, this post offers a comprehensive look at the stories that made headlines. A lot has happened in the cryptocurrency and blockchain world, Bitcoin Superstore has added TRON as its brand new addition, China has banned all crypto-related commercial activities, Hacker hacked Elon Musk’s Twitter account and much more. Here’s an overview of some of weekend’s most interesting news and articles.
TRON (TRX) is one of the largest blockchain-based operating systems. TRX is one of the most popular cryptos in this cryptocurrency world. As of now, it’s in position 12 in rankings. The coin continues to grow each day and it will become the new legal method for more than 200,000 stores after it got selected to join the Bitcoin Superstore. This process was community-inspired process. Bitcoin Superstore has united with more than 200,000 stores from around the world. All cryptos that Bitcoin Superstore supports can be used to make purchases in any of the stores at any time. The currency has joined the league of top cryptocurrencies like LTC, XRP, ETH, BCH, and BTC. TRON (TRX) has become an accepted payment method that will allow people to make purchases in more than 200,000 individual stores including Amazon. People can also order products from Google Express, Amazon, and even an online version of Walmart. Bitcoin Superstore is likely to support any online store that doesn’t charge the membership fee. Bitcoin Superstore is a crypto-only store that allows customers to buy from nearly any online retailer.
All commercial crypto and blockchain-related activities have been officially banned in China. News is shocking because China had encouraged local financial authorities to speed up the development of blockchain technology and also granted $3 Billion to Fund Blockchain Startups. This decision was taken by Chinese government to keep a check on the industry during a period in which the government was thinking about implementing new regulatory frameworks to watch over cryptocurrency trading. Also the ban is imposed with the ultimate aim of stopping funds being moved outside of China to overseas markets by local investors using Cryptocurrencies. Government has also asked the content providers using chat apps to abide ‘public orders’ and ‘national interests. After the announcement of this ban, the local police are shutting down crypto-related events in China.
South Korean legislators met to discuss important changes to the country’s cryptocurrency policies. This meeting will last for thirty days and legislators will discuss about lifting of the country’s ban on ICOs, and a proposal to turn Jeju island into a blockchain hub. Korean legislators are also thinking about using blockchain technology to design their in-house processes. The country could become a first mover to adopt this developing technology.
Elon Musk, CEO & co-founder of Tesla, lead designer of SpaceX and co-founder of PayPal became the victim of hacking attacks on Twitter. One impersonator hacked Tesla Chairman and CEO Elon Musk’s official Twitter account with a fake verified account and offered his 22.5 million followers free Bitcoin and ethereum cryptocurrencies. According to Twitter’s impersonation policy, it is a violation of the Twitter Rules and twitter accounts portraying another person in a confusing or deceptive manner may be permanently suspended. Despite Twitter trying to ban hackers/scammers and impersonators on its platform, one impersonator hacked Tesla Chairman and CEO Elon Musk’s official account on Thursday. There are some people on Twitter who have accused Elon Musk of stealing cryptocurrencies from people. At present, there are 100s of accounts that have been hacked on Twitter. The hackers have been able to find various ways to attract the victims for cryptocurrency fraud and Twitter has not been able to prevent such scams or hacks. This is not the first time anything like this hack has taken place.
Notable investors like Rothschilds & Soros are investing in cryptocurrency world knowing that this world isn’t a scam as there is a lot of money to be made from it. Rothschilds is a well-known family which has close relations with top-banks and other popular financial institutions has dived into cryptocurrency world for the first time by buying Bitcoin exposure. Rothschilds has recently filed its own cryptocurrency exchanged trademark. It was filed by one of its members known as Dayla Rothschilds. The trademark goods and services will have the virtual currencies services, exchange, and transfer services on the offer.
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