@MyEtherWallet Reinstated After 'Hostile' Takeover & Ellen DeGeneres Talks Bitcoin

  • @MyEtherWallet gets their follows back after 'hostile' takeover from @mycrypto
  • Ellen DeGeneres helps rally Bitcoin above $10,000

Comment of the Day @m8urnett

@MyEtherWaller Account Reinstated

On Febuary 9th @MyEtherWallet Twitter account was changed to @MyCrypto by Taylor Monahan (@tayvano_) without any prior warning, needless to say it caused a huge amount of confusion for the followers of the MEW page. For those in the know the MEW Twitter account had been grown and managed by @tayvano and it was decided that she should therefore have the rights to the 80k + followers on the @MyEtherWallet page. So without warning, the handle was changed to @MyCrypto.

As a result the petition to reverse the decision was created by @boxmining and was signed by over 580 people. After a week, Twitter handed the account back to @MyEtherWallet and @MyCrypto has had to start off from scratch.

The main question up for debate is who owned the twitter following? Taylor for managing it or MEW as it was under their name? Two points worth considering here:

  1. When you work for a company it usually goes without saying that anything you create or build belongs to that company as Intellectual Property (IP).
  2. It was obviously going to be confusing to the 80k+ followers if a switch was made without warning. So regardless of ethics it wasn't a smart move. 

The recent response from @MyCrypto on their new page was not the most genuine and implies the MEW team is not worthy of the followers they have and that they must use their reach of followers 'wisely'. Sounds somewhat bitter and patronising, hinting at a nasty breakup within the MEW team. There also appears to be a lawsuit  from the creator of MEW against Taylor Monahan for withholding financial records. 

As the business side of the crypto industry is so young these points seem to have been overlooked and the result was unprofessional but unsurprising. The response shows the move towards a more 'corporate' and 'formal' crypto economy and the community expects the companies to act accordingly. For better or worse, the days where crypto companies were formed on Bitcoin Talk and the owners never met each other in person are gone.

Ellen DeGeneres Talks Bitcoin

Ellen DeGeneres - the popular US TV chat show host - recently aired an episode that focused on Bitcoin! She said 'Bitcoin is a decentralized digital currency'. However, she also said 'I don't know what that means'. Understandable, seeing as Bitcoin is a very confusing and complex... 'thing'. 

The comments were flooded with the CryptoTwitter communities finest and most crude memes, as well as some heated debates about fiat vs bitcoin. Barry Silbert - CEO of Digital Currency Group - gave Ellen credit for the recent Bitcoin rally that took the price back over $10,000.

Ellen then went on to use a Ledger wallet to showcase how to store and send Bitcoin using a 'Digital Purse'. A great PR stunt for @LedgerHQ, although im not sure it will help profits for next quarter considering Ledgers are sold out everywhere.

The section on Bitcoin was closed with some wise words:

"If you invest in bitcoin you will either be a millionaire or completely broke"

Ellen DeGeneres

Decentralized Exchange Kyber Network Adds Fiat-to-Crypto Support

Michael LaVere
  • Kyber Network DEX announces support for ETH purchases using fiat.
  • Clients can use the exchange's website or iOS and Android mobile applications. 

Decentralized cryptocurrency exchange (DEX) Kyber Network has announced support for a new fiat-to-crypto gateway that will allow users to directly purchase Ethereum's ether. 

Fiat to Ether DEX Support

According to the announcement, Kyber Network has become the first DEX to support the direct purchasing of ether using fiat. The release claims that clients can use either debit or credit cards in the purchase of ETH, in addition to instituting a low minimum purchase of 15 EUR per transaction. 

Support for the new feature comes after KyberSwap’s recent partnership with Coindirect.com, a third-party service backed by MakerDAO which allows for the purchase of crypto via fiat. Kyber Network says they were prompted to implement crypto for fiat purchases as a way for new users to have easier access to ether,

“Everyone needs to first buy Ether (ETH) from somewhere, whether to trade or to use DeFi (decentralized finance) applications...Generally the first step is the hardest, but it’s even harder when it comes to buying cryptocurrency.”

The new gateway will be available through the DEX’s official website in addition to the iOS and Android mobile applications.

 

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