Search Results for: crypto Twitter

Elon Musk tested game streaming on ‘everything app’ X, drawing 2.8 million viewers. While X aims to integrate various services, including crypto, it has no clear plan for crypto implementation. To fully embody an ‘everything app’, it must satisfy users seeking decentralized finance.

“Community Notes, initially known as Birdwatch, offers users opportunities to appraise posts’ accuracy, emulating a digital governance form, reminiscent of Wikipedia but directed by an open-source algorithm. While this system aligns with ‘credible neutrality’ concepts from blockchain, its ability to provide an effective, unbiased truth filter remains uncertain.”

Web3 wallet Suku is integrating with Twitter to allow users to easily send digital currencies and non-fungible tokens (NFTs). It aims to simplify the crypto onboarding process, bypassing the need to connect a wallet. Furthermore, Suku plans to integrate with other social media platforms, striving to create a decentralized payment system that works across various platforms. Despite the challenges, crypto payments on social media are on a promising trajectory.

“In a recent turn of events, Twitter handle @X was reportedly confiscated and offered to the user as merchandise and a visit to the company after Elon Musk announced a rebranding under the banner ‘X’. Meanwhile, Coinbase CEO has implored US citizens to cast a ‘yes’ vote for the FIT21 Act, fostering innovation and providing regulatory clarity for crypto firms.”

“The rebranding of Twitter to X.com signals a shift in the cryptocurrency and social media worlds, spurred by Elon Musk. However, its decline and restrictive actions are leading crypto enthusiasts to consider alternate platforms, indicating a complex transition underscored by the importance of personal networks accrued over time.”

Tech billionaire Elon Musk’s vision of transforming Twitter and its potential of becoming a platform for payments, including cryptocurrency, has sparked speculation. Despite questions about Musk’s commitment to promoting crypto, incorporating crypto payments into Twitter might indicate a wider use initiation.

“Twitter’s decision to place severe rate limits has led to a significant limit on shared information. Reports indicate a drop of over 60% in the number of tweets indexed by Google. This change has consequences for industries, especially cryptocurrency, as Twitter is used heavily for information dispersion. Decentralized Twitter rival, Mastodon, is seeing unprecedented growth, while Twitter competitor, Threads, prepares for launch.”

A recent report indicates that up to 10% of followers of crypto-related accounts on Twitter are fake, with Shiba Inu (SHIB) coin having the highest number of synthetic followers. Such proliferation may inflate follower counts and create an illusion of exaggerated popularity. Elon Musk has targeted this menace but his account also bears non-human followers. Frameworks are needed to curtail this issue.

A recent study by Yale University researchers found that crypto projects with a higher number of Twitter bot posts tend to have lower long-term returns. Analyzing over a million tweets about 48 cryptocurrencies, the study used an engagement coefficient system to identify artificial activity, revealing that low engagement coefficients correlated with low future returns on these projects.

NFT Inspect, a Chrome browser extension, offers real-time tracking and engagement with popular NFT collections on Twitter. Users can search for NFT usage, analyze wallet addresses, and monitor community growth, aiding informed decision-making for investments. However, current limitations include only recognizing Ethereum, Polygon, and Solana blockchains and excluding video or GIF files.

Twitter’s recent $42,000 monthly fee for Decahose data service access raises concerns for the crypto research community. This change could hinder global research efforts, restricting crucial information on topics like internet-related crimes and cryptocurrency sentiment research, potentially impacting the crypto ecosystem’s future.

Twitter partners with financial service provider eToro, enabling users to trade cryptocurrencies and stocks directly on the platform, marking a significant development in digital finance. The collaboration emphasizes the continual integration of social media and digital finance, creating new opportunities and challenges while highlighting the need for improved self-regulation practices in the industry.

Binance CEO Changpeng Zhao unfollows Elon Musk on Twitter, sparking curiosity. Despite this, Binance plans to proceed with its $500 million investment in Twitter, supporting free speech, crypto industry, and Musk’s vision for web3 integration.

This week, Elon Musk appointed Linda Yaccarino as Twitter’s CEO, raising prospects of cryptocurrency integration into the platform. Meanwhile, regulatory clarity in the EU leads to increased investments in crypto, and Texas lawmakers support digital currencies in the Bill of Rights. However, debates on regulation and acceptance continue.

Linda Yaccarino takes over as Twitter CEO under Elon Musk’s influence, with a possible integration of payment services featuring Dogecoin and cryptocurrencies. The future remains uncertain as market conditions and Yaccarino’s leadership could impact adoption and recognition of digital currencies.

Elon Musk appoints Linda Yaccarino as Twitter CEO, focusing on business operations and a ‘fiat first, crypto later’ approach. Silvergate Bank faces layoffs, and ex-Coinbase lawyers find positions in other firms as the crypto landscape evolves rapidly with opportunities and challenges.

Linda Yaccarino, the newly announced CEO of Twitter, has connections with the Dogecoin and Shiba Inu communities. Although her stance on cryptocurrencies remains unclear, her past experiences and online presence suggest potential support for crypto integration on the platform.

Linda Yaccarino’s appointment as Twitter’s CEO brings hope for monetization and diversified revenue streams. With vast experience in marketing and partnerships, Yaccarino may venture into new business models. However, crypto community members are concerned about the future of cryptocurrencies like Dogecoin and Shiba Inu memecoin under her leadership.

Elon Musk recently announced a new CEO for Twitter, a critical hub for crypto enthusiasts. Speculation rises about Twitter deepening its connection to the digital asset world, as the platform’s influence in the realm cannot be ignored.