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Customers who receive the loyalty tokens will be able to decide how they want them to be used, with several options available.
Meanwhile, existing crypto service firms can continue operating as usual.
The new social app has a similar user interface to that of Twitter.
Previously, SEC Chairman Gary Gensler noted that assets that can be staked fall under securities based on the Howey test.
Among the top crypto firms that pledged support for Turkey’s earthquake victims, we should mention Binance and Bybit.
Despite the widespread consultations on the subject, the project is not yet ready.
While Bitcoin may not reach its previous all-time high of $69,000 before the end of 2023, some investors believe that crypto has bottomed out and would begin recovering.
There are fears that India may use its position as president of the G-20 in its fight against the cryptocurrency industry.
Major tech firms have also announced varying degrees of job cuts as they continue to adapt to the changing market situations.
With its high energy consumption remaining a challenge, the growth of crypto mining may stall unless miners embrace more sustainable energy sources.