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Welcome to another edition of Crypto NFT today! If you love cryptocurrency, NFTs and emotional rollercoasters, this is the place to be.

Are you ready for the crunch? Let’s start.

Kim Kardashian Pays $1.26 Million Fine for Promoting Crypto

Celebrity Kim Kardashian has paid $1.26 million to the Securities and Exchange Commission (SEC) to settle charges related to her promotion of the EthereumMax digital token.

Kardashian promoted the cryptocurrency to her 328 million Instagram followers in June 2021, prompting an SEC investigation.

According to the regulator, the reality TV star did not disclose the fact that she received a substantial sum of money to advertise the token. While Kardashian posted the “#ad” hashtag, SEC Chairman Gary Gensler said in a Press release unveiling the charges that the law requires celebrities “to disclose to the public when and how much they are paid to promote investment in securities”.

The crackdown on Kardashian is part of a wider campaign by the regulator to protect amateur investors in the wake of the recent “crypto craze.”

Bitcoin rebounds amid slowing Fed rate hikes

Bitcoin crossed the $20,000 threshold again on Tuesday in anticipation of slowing Fed rate hikes.

The bullish momentum for the flagship cryptocurrency was partly due to the US Institute of Supply Management (ISM) announcing that its manufacturing Purchasing Managers’ Index (PMI) fell to 50.9 in September, the lowest reading since May 2020, of 52.8 in August. Notably, the index’s new orders and employment measures contracted, bolstering the case for the Fed’s pivot.

“It’s been a case of ‘bad news, good news’ for equities, with the market treating the ISM downside surprise as raising the odds of an early Fed pause, seen as positive for assets. at risk,” Bank of New Zealand research. the team said Tuesday.

Bitcoin tends to move more or less in line with stocks and has halved this year in market value terms, with the Fed raising rates by 300 basis points.

McDonald’s in a Swiss town now accepts Bitcoin, Tether

A McDonald’s in the 63,000-person city of Lugano in the Italian-speaking region of Switzerland now accepts Bitcoin and Tether.

The region is becoming a hotspot for crypto adoption in Western Europe, and local franchisees are looking to get in on the action.

It was only a matter of time before the world’s largest fast food chain started accepting cryptocurrency. This day has finally arrived. If anyone was still hesitant about whether Bitcoin is sustainable, McDonald’s recent adoption of the world’s most valuable cryptocurrency might be final proof that it isn’t going away anytime soon.

On March 3, the city signed a protocol of agreement with Tether Operations Limited, launching an initiative known as “Plan B”.

In addition to allowing the inhabitants of Lugano to pay taxes in cryptothe project will extend payments to parking tickets, utilities and student tuition.

Will Tamadoge become the first $1 Memecoin?

Memecoin Project tamadoge made waves this week, as the price of the token jumped over 200% after several large listings.

Avid crypto investors can now buy TAMA through centralized exchanges (CEX) like OKX and BitMart, with the token also available on the decentralized exchange (DEX) Uniswap.

OKX was the first major CEX to list Tamadoge last week, allowing traders to benefit from the hype surrounding the project. According CoinMarketCapOKX has over 1.4 million weekly visitors and regularly handles over $1.3 billion in daily trading volume.

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