Cryptoverse: Twitter coins, digital roubles

STORY: This is Crypto Weekly, with your top stories on alternative currencies. This week, why Twitter might pay you in crypto, and why Russia wants a digital rouble.

Crypto exchange Coinbase has launched a marketplace for non-fungible tokens. Some market-watchers see that as a big vote of confidence in the digital assets. Others say Coinbase is late to a party that’s already going cool.

Twitter and payments firm Stripe are piloting digital payouts for users of the social network’s monetization products. Eligible users will be able to get their earnings in USD coin — a stablecoin pegged to the dollar.

Number-two crypto Ether is meant to be near an upgrade that would make it faster, cheaper, and less power-hungry. Fans foresee a “flippening”, when it overtakes bitcoin as a result. But the flip seems to have slipped from June, frustrating investors. Developers swear it’s coming within months though.

Russia plans to have a digital rouble ready by next year. The central bank says it wants some international payments to be made using the virtual currency. Moscow is far from alone in thinking along those lines, but some spy a sanctions-dodge in the making.

Meanwhile, Binance is shutting down accounts for major clients in Russia. The world’s biggest crypto exchange says they’ll no longer be able to trade or make deposits. They will, at least, be able to get their money out.

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