Spiral's clever PR wordsmiths rationalized the name change on Twitter.

In a blog post, the company said it wants to "double the number of full-time [developers] working on projects under the Spiral banner in 2022," adding, "We also plan to write more grants than ever in the history of Spiral."

The company expressed regret about its previous name, which "drew a straight line between the corporate donors we are meant to be independent of [specifically Square] and us."

Dorsey has repeatedly expressed his opinions on bitcoin online, frequently siding with so-called bitcoin maxis and downplaying the possibility of other blockchain protocols — a fact that has enraged Ethereum (ETH) and altcoin communities.

Over 80% of Mineplex's African users want to purchase goods with staked cryptocurrency.

According to a survey, since the platform's introduction, over 80% of African users on Mineplex have expressed interest in the platform's commodity staking program.

Since its inception as a new offering on the Mineplex marketplace, over 80% of African users have participated in the commodities staking program, according to a recent survey. This number considerably outnumbers those who are interested in commodities staking in Asia (23 percent), Europe (14 percent), and the United States (9 percent).

According to Mineplex Banking, this commodity staking option acts as a zero-fee alternative to traditional loans and allows users to buy things they cannot afford right away, according to a study report shared exclusively with Bitcoin.com News.

The report claimed that African users' apparent preference for staked crypto could be due to changing interests and inclinations.

"The significant level of interest in the new financial instrument among African users could be attributed to the need to reform the system of access to consumer products and their purchases for cryptocurrencies for African residents." the report explains.

To highlight this point, the paper used South Africa as an illustration of a country that typifies this interest in staked crypto, with the Economist reporting that 86 percent of the adult population had borrowed a loan.

According to rumors, the Indian government is considering imposing limits on self-custodial cryptocurrency wallets and allowing only Indian crypto exchanges to operate.

The CEO of a major cryptocurrency exchange in India has expressed his views on potential limits. A cryptocurrency law has been introduced by the Indian government in the current session of parliament.

Indian Crypto Regulations Could Be Restricted

In India's current session of parliament, a cryptocurrency bill is awaiting consideration.

Nirmala Sitharaman, the country's finance minister, stated that the bill needs to be revised from its original version, which sought to ban cryptocurrencies such as bitcoin and ether.

However, she has yet to reveal what is included in the bill, leading to a lot of speculation.

In a series of tweets on Friday, the CEO of local cryptocurrency exchange Wazirx addressed some of the speculations.

According to Wazirx CEO Nischal Shetty, "there have been unsubstantiated allegations" that "'Self custodial wallets' may not be authorized as part of India's crypto law." It's also been reported that "only Indian exchanges can be used," according to the CEO.

"As an industry, we would never recommend this," he said.

"If we want regulation, then services that are regulated must be in India," the CEO stated. These services must adhere to our country's standards and regulations." "Every nation that regulates crypto is taking the same way," he said, adding that "all exchanges can establish their company in India as well."