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Welcome to Nonfungible Tidbits, a weekly roundup of stories in crypto, NFTs and their related realms.

Our lead story this week is Twitter signing on as the primary firm to use Stripe’s new cryptocurrency payments function. The social network plans to present creators — individuals who monetize their video, art and music straight by their relationships with the audience — the option of getting paid in a stablecoin.

We’ll additionally cowl Coinbase launching a beta model of its NFT marketplace, New York lawmakers contemplating a moratorium on fossil-fuel powered cryptocurrency mining within the state, and a strange cyberattack on a DeFi protocol in which the hacker left the stolen cryptocurrency behind.

Stripe to begin cryptocurrency payments, beginning with TwitterOn-line cost processor Stripe said on Friday that it’ll allow companies to pay their clients in cryptocurrencies. The first business that’s signed on for this feature is social media large Twitter, which at the moment makes use of Stripe to pay creators. Right now the cryptocurrency that’ll be used for the payout is a stablecoin called USDCoin, or USDC. The value of the USDC stablecoin is pegged to the US greenback, which makes the worth less unstable than that of different cryptocurrencies, like bitcoin.

Twitter will draw on Stripe’s cryptocurrency payments function by providing it as an choice to creators who sell premium content material to their followers, akin to those who receive earnings from Twitter’s paid Ticketed Spaces and Tremendous Follows options. Creators can choose to have their payout despatched to a digital wallet.

Learn CNET’s full story on Stripe’s cryptocurrency fee roll out right here.

Coinbase launches beta model of NFT marketCryptocurrency change Coinbase on Wednesday released the beta model of a function that’ll enable customers to buy and sell NFTs on its platform. Coinbase calls the brand claim ETHW new characteristic “a Web3 social market for NFTs,” which sounds just like the exchange may embody social media elements within the feature. Proper now the beta version solely lets people view Ethereum-primarily based NFTs on Coinbase.

Read CNET’s full story on the launch of Coinbase’s NFT market here.

New York Lawmakers Consider Moratorium for Crypto MinesA battle over how and if cryptocurrency mining ought to be allowed to function is heating up in New York, in line with a Wall Road Journal report. New York lawmakers are contemplating measures that will place a two-yr moratorium on reactivating old fossil-gasoline power plants in the state for the purpose of cryptocurrency mining.

Cryptocurrency mining operations are extremely power-intensive, so electricity is a big a part of miners’ overhead. Buying enough electricity to mine cryptocurrency is expensive, and crypto miners need uninterrupted access to power around the clock. So miners are using old power plants as a cheap supply of electricity for their operations.

The Cambridge Bitcoin Electricity Consumption Index estimates that the bitcoin community’s energy usage is a bit lower than the energy utilized by all the nation of Egypt. Greenpeace and other organizations are at the moment engaged in a marketing campaign to alter the way the bitcoin network works to cut back the networks’ carbon footprint.

Hacker exploits DeFi protocol then leaves stolen cryptocurrency behindIn an odd turn of occasions, a hacker stole $1 million in crypto from a decentralized finance protocol called Zeed, then failed to get it out. Generally talking, DeFi protocols are code sets that run on blockchains and facilitate numerous financial transactions and transfers utilizing cryptocurrencies. Enterprise Insider India referred to as the hack much like robbing a bank after which forgetting the baggage of money. The publication also famous that just about 97% of all cryptocurrency stolen this year has come from hacks and exploitations of DeFi protocols.

Thanks for studying. We’ll be back with loads more next week. In the meantime, check out this story from CNET’s Daniel Van Increase about how an Apple iCloud exploit precipitated a cryptocurrency trader to lose more than $650K.