Jack Dorsey steps down from Twitter, MicroStrategy snaps up 7K BTC and Square rebrands to Block: Hodler's Digest, Nov. 28-Dec. 4 - Cointelegraph

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week.

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Dorsey also serves as the CEO and chairman of crypto-friendly payments tech firm Square, and it is unclear if he left Twitter to solely focus on the platform’s plans to develop a decentralized Bitcoin (BTC) exchange.

Speaking of Square, the firm revealed on Wednesday that it had rebranded to Block, suggesting it may be ramping up its focus on the blockchain sector. .

As part of the rebrand, Square Crypto, the cryptocurrency-focused unit of the payments firm, will be changing its name to Spiral and joining the Block family.

“Block references the neighborhood blocks where we find our sellers, a blockchain, block parties full of music, obstacles to overcome, a section of code, building blocks, and of course, tungsten cubes,” said Square.

Social media virtual reality firm Meta expanded the eligibility requirements for running crypto ad campaigns on Facebook and Instagram this week, enabling companies more freedom in running digital asset product-related promotions. .

Prior to Meta’s latest update of its crypto advertising guidelines, a limited number of crypto firms were able to advertise on Facebook as the platform only recognized a small number of regulatory licenses. .

According to the updated policy, crypto exchanges, trading platforms, wallet providers, mining infrastructure firms, crypto lenders and borrowing services can now receive written permission to run ads on Facebook.

The firm cited maturation and increased regulation of the sector as the reasons why it changed its tune.

At the end of the week, Bitcoin (BTC) is at $55,468, Ether (ETH) at $4,407 and XRP at $0.95.

“There’s always hope for the Chinese crypto industry.

Anonymous, executive at a Chinese crypto publication .

“It is one thing to say that a stablecoin issuer itself must be a regulated bank — I think that is probably overkill, as there are perfectly effective ways for nonbanks to meet our legitimate regulatory concerns, but there is at least a clear relation between the existing framework of bank regulation and the specific measures that stablecoin issuers must address to operate safely.

Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”.

In a Wednesday tweet, crypto trader Michaël van de Poppe gave his thoughts on the crypto market, noting a desire to see sub-$60,000 BTC turn to support. .

Russian President Vladimir Putin, a man with a squeaky-clean reputation who has most certainly never engaged in any nefarious activity, took time out of his busy schedule this week to voice his concerns over the risky nature of crypto speculation. 

The 69-year-old called for greater monitoring and regulation of crypto in Russia and astutely pointed out that certain countries are seeing significant adoption of digital currencies

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link