Tesla CEO Elon Musk has once again emerged as a Dogecoin supporter and expressed his love for the fast food giant McDonald’s. The Tesla chief responded to a series of tweets from McDonald’s and the cryptocurrency community after expressing his interest in Dogecoin. Previously, McDonald’s tweeted, “What did I miss,” and Binance’s Twitter account replied, “Lots of green candles.” McDonald’s once again shows his love for the crypto community, ‘wagmi’ is an acronym for ‘we are all going make it’, which the crypto community often uses to build trust and keep the community from losing hope . To which Elon Musk replied, “Oh hi lol,” according to a report in his outlet Bitcoinist, Crypto News.
Meanwhile, Binance reports question the possibility of McDonald’s accepting payments in Dogecoin. The development comes after Elon Musk made his January 2022 Happy Meal offer. At that time, DOGE’s price soared by his double digits. However, McDonald’s did not react seriously to accepting Dogecoin as a payment method, tweeting “only if Tesla accepts Grimacoin,” the Binance report said.
Calling it a propaganda gimmick, the Binance report said the fast food company likely wants to generate free publicity and engagement with the crypto community through tweets, saying that beyond tweets, many The national company further informs that it has not yet shown anything. Cryptographic aspirations.
Amazon launches NFT initiative
E-commerce giant Amazon is reportedly taking another step to solidify its position in the cryptocurrency industry, according to a report by crypto news outlet Blockworks. The report says the company will launch a non-fungible token (NFT) initiative in spring 2023, citing six sources familiar with the matter. Additionally, Blockworks reports that Amazon has partnered with more than 10 crypto projects to support his NFT initiative. As a result, the program could revive and strengthen the sector after the NFT market has fallen from its 2021 high.
The report goes on to focus on different sectors as the e-commerce giant plans to dabble in NFT games, saying the platform will reward players with unique items in the form of NFTs.Amazon has already joined the Prime service. provides access to video game platforms to anyone, and members of the service can access the platform’s catalog and receive monthly rewards for claiming AAA games, the report said.
The new NFT initiative could enhance the service by offering rewards and attracting new users, according to a Blockworks report. The NFT platform is currently under development and can run on Amazon itself, not on Amazon Web Services (AWS). The company may reveal more information in April 2023, according to reports, but there has been no official statement from Amazon or its executives. Interestingly, Amazon joins the ranks of other big techs.
Companies with ambitions in the crypto space, including Meta, Twitter, and others that have already launched crypto initiatives to enable users to interact with digital assets.
White House Urges Regulators to ‘Increase Efforts’ on Encryption Rules
According to a Binance report, four senior U.S. White House officials issued a statement on Friday urging Congress to “strengthen its efforts” on regulating the cryptocurrency market. National Economic Council Secretary Brian Deeds, White House Office of Science and Technology Policy Director Arathi Prabhakar, Economic Advisory Chair Cecilia Rouse, and National Security Advisor Jake Sullivan wrote: there is Regulatory powers must be expanded to prevent misuse of client assets and mitigate conflicts of interest,” the report said.
The report highlighted other proposals to Congress in a statement. That included increased transparency and disclosure requirements for cryptocurrency companies, stronger penalties for violating illegal financial rules, and closer cooperation with international law enforcement partners. But officials also suggested that Congress should not create new crypto regulations, including “green light.”[ing] We want mainstream institutions like pension funds to dive headlong into the cryptocurrency market. Doing so would “deepen the relationship between cryptocurrencies and the broader financial system,” according to the report, which “would be a grave mistake,” officials warned.
Additionally, although FTX was not directly named in the statement, the report noted that the agency’s guidance, which called 2022 a “tough year for cryptocurrencies,” included the presence of currently defunct cryptocurrency exchanges. said it was looming large. The so-called “stablecoins” that triggered a wave of bankruptcies and the subsequent collapse of “major cryptocurrency exchanges”.
