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Justin Sun Trying to Outbid Elon Musk’s Twitter Offer

Elon Musk’s offer to take Twitter private with a bid of $54.20 a share, about $43 billion in total, has attracted tremendous reaction on the social media platform. Only hours after the news broke, Justin Sun, founder of Tron network, made an offer of $60 per share, trying to outbid the Tesla CEO, and claimed...
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Elon Musk’s Twitter Takeover Won’t Fix Centralization, says BlockTower CIO

Tesla CEO Elon Musk has offered to completely buy out Twitter with a $43 billion offer, in the name of free speech. He’s offering $54.20 per share for all 800,641,166 shares of Twitter’s common stock. However, one crypto investment firm doesn’t believe this is a meaningful development for freedom, given the inherent weaknesses of centralization....
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Hacked Indian Official Twitter Accounts Posted NFT Advertisements

A series of cyberattacks breached multiple Twitter accounts associated with the administrative and legislative bodies of India in the past few days. NFT-related content that promoted a project called “Azuki” was posted on the compromised accounts, making people speculate that the hackers were conducted by the same individuals or entities. The most recent victim came...
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U-Turn: Elon Musk Will Not Join Twitter’s Board of Directors

In an interesting twist of events, Tesla’s CEO – Elon Musk – decided not to join the board of directors of the social media platform Twitter. The company’s Chief Executive Officer – Parag Agrawal – claimed, “this is for the best.” Last week, Elon Musk purchased more than 70,000,000 Twitter shares or 9.2% of the...
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New Twitter Board Member Elon Musk Suggests Adding Dogecoin Payment Option

Elon Musk, the CEO of Tesla and SpaceX, purchased a 9.2% stake in Twitter, which became known recently, and was appointed to the board of directors shortly after. Now, the billionaire made several propositions to the social media giant’s paid subscription plan, one of which sees the implementation of Dogecoin payments. As reported by CryptoPotato...
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Twitter Stock Soars 25% as Musk Buys 9.2%, Dogecoin (DOGE) Also Skyrockets

The pre-market prices of Twitter’s shares skyrocketed by double-digits as news emerged that Tesla’s CEO had acquired a 9.2% passive stake in the social media platform. Interestingly, Dogecoin’s price also soared once the news broke. According to a filing to the Securities and Exchange Commission, Elon Musk has taken a 9.2% passive stake in Twitter...
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Twitter Fully Incorporates Ethereum Tipping And Wallet Support

Twitter is delving a step further into the crypto ecosystem, now allowing users to tip each other in Ethereum, alongside Bitcoin. The feature is currently only available on mobile. According to Twitter’s updated tipping policy, users who agree to it can “copy someone’s Bitcoin or Ethereum address and paste their address into whatever wallet [they]...
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Elon Musk Slams Twitter for Integrating NFT Features

Elon Musk – the CEO of leading EV car maker Tesla and the world’s richest man – has slammed micro-blogging platform Twitter for integrating NFTs. Elon Musk has taken a hard stance against Twitter on their most recent move to integrate non-fungible tokens. Musk first posted a prompt from Twitter with an explanation on NFTs,...
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Twitter Rolls Out Verified NFT Profile Picture Feature

Social media giant Twitter has enabled a feature that lets users officially verify NFTs used for their profile pictures. Previously, anyone could simply right-click and copy an image, and there was no proof of ownership without digging into the Ethereum blockchain to check it. The feature, which was rolled out on Jan. 20, is only...
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Jack Dorsey Reportedly Steps Down as Twitter CEO

The price of Twitter shares shot up by double digits as news broke that the CEO of the social media giant – Jack Dorsey – has decided to quit. CNBC reported earlier on November 29th the breaking news about Jack Dorsey’s decision to step down as the chief executive officer of Twitter. The news comes...
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Man Behind Twitter’s Infamous 2020 Hack Charged With Crypto Theft Worth $784,000

Joseph James O’Connor, one of the perpetrators of the massive Twitter hack last year, has been charged with yet another crime that involves the theft of $784,000 worth of cryptocurrencies via a SIM swapping scam. Charged With Crypto Theft Reuters reported that U.S. prosecutors in Manhattan said the fraudulent scheme, which ran from March to...
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Cathie Wood’s Ark Invest Buys $89M Worth of TWTR After the Bitcoin Tips Integration

Ark Investment Management has doubled down on its support for the social media platform led by Jack Dorsey. Interestingly, the latest substantial shares purchase came just a day after Twitter announced it would enable BTC tips. As reported by Benzinga, Cathie Wood’s investment manager has purchased nearly 124,000 shares of Twitter on Friday. With the...
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Twitter Supposedly Looking to Adopt Bitcoin Lightning Network for Tipping Service

Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network. Tipping With Bitcoin Though Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside...
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Twitter Taps Ex-Privacy Zcash Developer to Lead DLT Social Media Project

Twitter has chosen Jay Graber, a former developer for Zcash, a privacy-focused cryptocurrency, to lead its decentralized social media project, Bluesky. Graber announced the news via Twitter on Monday (August 16, 2021). The developer wrote and published a review of the decentralized social ecosystem back in January 2021. I’m excited to announce that I’ll be...
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Jack Dorsey Sees Bitcoin as a Big Part of Twitter’s Future

Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future. Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call. During the call, Jack Dorsey discussed many...
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Renewed Hype? Twitter Unveils NFT Collection on Ethereum-Based Rarible

Twitter has become the latest entity to drop its own NFT collections despite a decrease in the hype surrounding non-fungible tokens. Announcing the development today, the social media platform revealed that it has created 140 NFTs, which will be distributed freely to 140 users. While the NFTs are free, about seven of them have already...
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Elon Musk, Michael Saylor, Peter Schiff, and Others: Community Reacts to Bitcoin’s Bloodbath

This collapse, catalyzed by Elon Musk’s tweets criticizing Bitcoin’s energy consumption, was exacerbated by several factors, including China, reiterating its anti-Bitcoin stance, a large short position on Bitfinex, and the necessity of a general correction in the overbought crypto space. Crypto-related hashtags are trending across the world, including #crypto, #buythedip, and #altseason2021. Bears Attack Bitcoin...
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Twitter Hacker Gets a Three-Year Sentence After Pleading Guilty

Graham Ivan Clark, the teenager who was the mastermind behind the hack of various Twitter accounts belonging to high-profile accounts back in 2020, has received a three-year jail term. Twitter Hack Mastermind Serving Time According to a report by the Tampa Bay Times, Clark pleaded guilty to the Twitter hack that happened last summer at...
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Twitter Purge: Major Cryptocurrency Accounts Suspended

In an interesting twist of events, Twitter, the social media platform spearheaded by Jack Dorsey, one of Bitcoin’s most influential proponents, has now suspended some major cryptocurrency-related accounts. Twitter has suspended numerous accounts that are related to cryptocurrencies. Some of the most popular ones include those of PlanB, the creator of the Bitcoin Stock-to-Flow Model,...
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Jack Dorsey Will Donate the Proceeds of His Genesis Tweet Sale

Jack Dorsey, the CEO of one of the largest social media platforms, Twitter, will be converting the proceeds of the sale of the genesis tweet in Bitcoin and donate it to the GiveDirectly’s Africa Response Campaign. Earlier during the weekend, CryptoPotato reported that Jack Dorsey has put up the genesis tweet for sale. This became possible through...
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Twitter to Pull a MicroStrategy and Buy Bitcoin? The Firm Plans a $1.25 Billion Convertible Notes Offering

The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC. Twitter to Raise $1.25B According to a press release from...
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Jay-Z and Twitter’s Jack Dorsey Set Up 500 BTC Trust for Bitcoin Developers in Africa and India

In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India. Shawn Corey Carter, better known...
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Jack Dorsey and Jay Z donate 500 BTC to fund Bitcoin development

Twitter CEO Jack Dorsey and Rapper Jay Z have come together to make a 500 Bitcoin donation to teams in Africa and India. The Twitter Co-Founder updated his status on the platform to announce the collaboration earlier today. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development,...
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After Tesla: Twitter Considers Adding Bitcoin to Its Balance Sheet, Says Company’s CFO

Twitter Chief Financial Officer Ned Segal said that the giant social media platform is looking into potentially putting bitcoin into its balance sheet. Additionally, the executive said that Twitter is exploring options to accommodate employees and vendors if they request to be paid in the first-ever cryptocurrency. Twitter To Put BTC On Its Balance Sheet?...
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Twitter CEO Jack Dorsey Sets Up His Own Bitcoin Node

Jack Dorsey, a long-term bitcoin enthusiast and unarguably one of the most influential proponents of the digital currency and its underlying technology, is now actively contributing to the bitcoin network. After introducing Bitcoin to Cashapp and announcing plans to release an open, decentralized standard for social media, the Twitter CEO is bringing his admiration for...
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Jack Dorsey Defends the Ban on President Trump’s Twitter Account and Praised Bitcoin

Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump. Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it. The History Of Trump’s Social Media Bans...
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Twitter Appoints Hacker Pieter Zatko As Its Head Of Security

Months after the infamous hack on its platform, the social media giant Twitter has appointed a noted hacker as its head of security. Pieter Zatko, also known as “Mudge,” has also testified before Congress, educated President Bill Clinton about DDoS attacks, and worked in Google and the Defense Advanced Research Projects Agency (DARPA). Twitter To...
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Crypto Twitter Bullies PayPal for its Definitions of Bitcoin, Ethereum, Litecoin and BCH

When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not. If this seems hard to believe, ask PayPal, who had to deal with significant...
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Filecoin Plunges 80% in 4 Days While Miners Suffer the Most

Filecoin’s history has been turbulent since its creation in the early days of the crypto-verse. But investors can probably agree that nothing resembles what happened last week. Filecoin Traders Had a Hard Week… Speculators are having a rough time. The token initially had a brief and sudden rise of more than 100% immediately after its...
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Despite Negative News, Bitcoin Only $1K Away From 2020 High: The Weekly Crypto Update

Another week passed on the cryptocurrency market, and it surely wasn’t a boring one. The cryptocurrency started off strong, causing many to believe that it might finally breach the coveted $12,000 mark. However, the excitement was short-lived because, just today, news broke out that the founder of OKEx, one of the primary cryptocurrency exchanges, has...
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