Facebook Inc will lift its temporary ban on political advertising in the United States on Thursday, the company said in a blog post on Wednesday. The social media giant has had a months-long freeze on political, electoral and social ads, which it introduced as part of an effort to crack down on misinformation and abuses around the Nov. 3 elections.
Google, the world’s most powerful and valuable search engine, recently added selected cryptos to its finance platform. Alongside leading financial markets, particularly in emerged markets, the trillion-dollar company added a “Crypto” section thereby giving Bitcoin, Ethereum, Litecoin, Bitcoin Cash more limelight.
KEYPOINTS • Guidelines to be created for crypto currency • Bitcoin might be excepted S.E.C law • Crypto market is worth $1.45 trillion as Tuesday (3rd of March, 2021) • Tesla and MasterCard embraces crypto currency The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden’s nominee to lead the agency promised to provide “guidance and clarity” to the rapidly evolving market.
On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms. On February 23, however, crypto proponents were introduced to an alternative solution called Moeing chain. The Moeing chain project aims to provide the same benefits as Ethereum 2.0 scaling solutions but with help from the Bitcoin Cash network.
In a few weeks, Huawei will release a car but it’s not what you think. This car will not be a Huawei-branded car. Huawei has repeatedly stated that it “does not build cars” but aims to “help car companies build good cars”. BAIC Blue Valley and Huawei will jointly launch the ARCFOX HBT, the first model ARCFOX αS HBT. According to the official release of BAIC Blue Valley, this product will arrive at the Shanghai Auto Show in April 2021. “HBT” means HUAWEI BLUEPARK TOGETHER.
A new Citi report indicates that bitcoin is at a “tipping point” and could become the “currency of choice” for global trade, CNBC reported on Monday (March 1).
The seventh most valuable crypto asset by market capitalization, XRP recently unlocked 1 billion XRP worth about $415 million, from an escrow account.
Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns.
The bearish grip in the crypto market has led to heavy losses of crypto investors’ funds at the wrong side of the current trade, as roughly $120 billion worth of crypto assets evaporated into thin air within a day.