Only a few weeks ago, CEO Zhu Su was blasting ETH on Twitter for high gas fees and accessibility issues. Now, his company is buying the dip.
Twitter is social network where users post and interact with “tweets” – messages, restricted to 280 characters. Twitter was established in 2006 and, since then, has gained a large popularity around the world, totalling more than 330 million monthly active users in 2017. Twitter now is one of the largest sources of breaking news and is an important platform for expressing public opinion. Twitter has a lot of cryptocurrency news and may be used as a source to find latest crypto news available on the internet. However, Twitter is not totally free of censorship and has some issues with cryptocurrency advertisement. Twitter started banning cryptocurrency ads in March 2018, as an attempt to protect its users from fraud and deception which were common on the platform, which were used to pump the prices of certain coins and promote a wide variety of ICOs — from honest and promising to obvious fraud.
“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey.15503
The twice-serving CEO said his departure was due to the company being “ready to move on from its founders.” Dorsey has not announced any future plans.6546
Nonfungible tokens could be a step toward new social interactions, a notion that might not be as far-fetched as it sounds.6571
One of the world’s richest men pushed Binance to address some issues related to his favorite digital currency.18430
New “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations.11788
Proceeds will go towards Sostento, a nonprofit that supports frontline public health workers.4986
Su Zhu backtracked after the initial scathing comments, saying that he “loves Ethereum and what it stands for.”10958
It's not a decentralized exchange in the truest sense of the word, but a peer-to-peer token swap platform under the oversight of Square.23529
According to data from WhaleStats, the 1,000 largest ETH wallets hold $2.35 billion worth of SHIB combined, representing around 9% of the total market cap.24841
Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins.25061
While Jason Citron said the NFT feature was in “pre-release” mode, he has now changed his tune after being bombarded with thousands of comments calling on him to drop the plans.10873
“We’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” said team lead Tess Rinearson.2408
Beyond mere decentralization, there are four key themes central to the idea of crypto social development in the new era of Web 3.0.7786
Joseph O’Connor indicted on a raft of wire fraud, computer hacking, money laundering and identify theft counts.2651