Minarul Islam @Minarul_Islam@axpress.io

Speaking with CNBC, eToro’s CEO Yoni Assian said that Twitter has become an important arena for their users, and a place where traders go to get educated.

As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter [and] educate themselves about the markets,” Assian said, while adding:

There is very high quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro.

A more limited partnership between Twitter and eToro has already been in place for some time, offering users access to eToro when searching for selected ticker symbols with a “$” in front of it.

For instance, searching for “$TSLA” brings up a TradingView chart of the Tesla stock and a button that says “View on eToro,” but searching for “$BTCUSD” does not bring up the same feature.

The news about the newly expanded partnership has already reached the crypto community on Twitter, where one popular account went as far as to say the social media giant is “adopting Bitcoin

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Major crypto mining hardware maker Bitmain is reportedly looking at a nearly $4 million fine for unpaid taxes in Beijing.

Major crypto mining hardware maker Bitmain is reportedly looking at a nearly $4 million fine for unpaid taxes in Beijing.

According to a report by the local news agency Sina Finance, Bitmain has failed to pay income taxes as required by China’s laws governing tax collection.

Therefore, the Beijing Municipal Office of the State Administration of Taxation fined the company nearly ¥25 million, or $3.63 million, citing Qichacha, the country's data registry of private and public companies.

On April 4, Bitmain received penalties for allegedly violating China's taxation laws regarding employee income, including salaries, bonuses, allowances, labor dividends, and other related elements.

The company has reportedly faced similar issues in the past with this particular authority, and was contacted in August of last year regarding tax-related violations.

As of now, Bitmain has not paid around ¥16.65 million (equivalent to $2.42 million) in personal income tax.

Bitmain has faced issues with the country's regulators on several fronts since its inception in 2013.

In a major turn of events, it was allegedly forced to halt operations in China in 2021, following the government's crypto ban imposed in September of that year.

In June of that year, Bitmain told the local mining community that it had stopped selling new equipment after prices for top-tier rigs had plunged by about 75% since April.

Reports suggested that postponing sales could potentially aid miners in exiting the industry by allowing them to fetch better prices for their machines, while simultaneously benefiting Bitmain if the reduced supply leads to increased prices for new machines in the long term.

That said, at the very end of 2022, just four months ago, the company announced that it sold out its latest Antminer device “in only 27 seconds.”

Earlier last year, in July, Bitmain announced it would start selling its latest Ethereum (ETH) mining rig AntMiner E9, even as Ethereum developers geared up for the blockchain’s shift to proof-of-stake (PoS).

Shiba Inu last had a market capitalization of around $6.5 billion, while Tron’s was closer to $6.0 billion.

That makes the two cryptocurrencies the 14th and 15th largest in the world by market capitalization respectively, according to CoinGecko.

Shiba Inu’s SHIB token was last changing hands close to $0.000011, according to TradingView citing Coinbase exchange data.