Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonalds — the brand infamously linked with temporary Bitcoin (BTC) market crashes.
BTC’s price has seen a steady downfall ever since breaching an all-time high of $69,000 back in November 2022. Eventually, as Bitcoin started trading below the $40,000 mark, crypto millionaires and investors on Twitter started sharing memes about getting jobs at fast-food restaurants.
Salvadoran President Nayib Bukele, too, embraced the meme culture and uploaded a new profile picture that shows him at one of his speeches sporting a badly photoshopped McDonald’s branded cap and T-shirt.
Joining in on the fun with numerous others, McDonald’s acknowledged the ongoing developments within Crypto Twitter by following influential members of the community such as Cardano founder Charles Hoskinson and Altcoin Daily. The account drew more attention as it tweeted:
While Binance responded to the question with a picture of a crying face hidden behind a smiling mask, McDonald’s consoled the world’s biggest crypto exchange with a “wagmi,” short for “we are gonna make it.”
Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.
On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to ban withdrawals to unverified wallets. Coinone enacted a similar policy late last month and the other major exchanges are Upbit and Korbit.
The new policy states that users may only register their own private wallets. In order to perform the registration process, users must undergo an additional battery of know-your-customer identity verifications.
Withdrawals to any domestic centralized exchange and foreign centralized exchanges with a stringent KYC process such as Kraken, Bitstamp, Blockchain.com, Bybit, and Binance.US are still universally approved.
Local news outlet Money Today reported that the exchange faced pressure from its partner bank, Nonghyup Bank, to make the policy change in order to comply with the FATF Travel Rule. The Travel Rule is designed to let financial institutions know the identity of the senders and receivers of funds across borders.
The bank “strongly demanded” that the exchange “block all personal wallets that do not have their own KYC system.” Such wallets include MetaMask and MyEtherWallet, among others.
Every South Korean crypto exchange that offers Korean Won (KRW) trading pairs is required to have a domestic partner bank that issues real-name bank accounts to its users. A partner bank can have a strong impact on the exchange’s policies, as is the case with Nonghyup to Bithumb and Coinone.
OG influencer Paris Hilton has continued her crusade into the metaverse, saying that she sees it as the “future of partying, going out, interacting with people and being social.”
On Monday, Hilton appeared as a guest on the Tonight Show Starring Jimmy Fallon, where she spoke about her experiences in the nonfungible token (NFT) community.
Hilton told Fallon that she would be dropping her first NFT collection with Superplastic on the Origin Protocol “soon” but didn’t give any further details regarding a timeframe. Superplastic is a vinyl toy and digital collectibles company.
She revealed the collection to audience members entitled “Forever Fairytale,” a collage of memories with her new husband Carter Reum. She then gifted the first NFT in the collection to Fallon and additional NFTs to each member of the audience.
Always representing my fam! Love everyone in this amazing community so much & want the whole world to understand & know! https://t.co/SQXF3fsVxJ January 25, 2022
“I think that’s the first NFT giveaway in television history,” said Fallon. On Jan. 18, Superplastic dropped its “Headtripz” NFT collection, featuring a collaborative piece with Hilton.
Although this will be her first collection, it’s far from her first foray into the NFT space. In April 2021, Hilton sold her “Iconic Crypto Queen” NFT for $1.1 million.
In a November 2021 interview with The Guardian, Hilton said that she had begun investing in crypto in 2016 when she “became friends with the founders of Ethereum.” Since then, she’s amassed an admirable NFT collection of 141 pieces, including a “Bored Ape” and works by Grimes and Steve Aoki.
This Daily Dose was brought to you by Cointelegraph.