Grinex has been accused by US authorities of assisting Russia and other entities in evading sanctions and laundering funds for Russia-linked hackers.

Crypto users in the US are required to pay capital gains taxes on cryptocurrencies, stifling their usefulness as a currency, argued a Washington DC-based think tank.

Tat Thang, a partner at the prediction platform Polymarket, suggests X is building a Web3 equivalent of the Chinese WeChat Pay citing its recent moves to scrub crypto bots.

Bitwise's Matt Hougan previously estimated that if Bitcoin captures 17% of the store-of-value market over the next decade, it could be worth $1 million a coin.