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Tag Archives: Twitter

Jack Dorsey 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, and later was confirmed by Jack Dorsey himself on twitter, the breaking news about Jack Dorsey’s decision to step down as the chief executive officer of Twitter. The news comes as somewhat of a surprise at the moment, given the support Dorsey had. Last year, reports emerged that Paul Singer – billionaire investor and...

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Twitter Is Establishing a Whole New Division Devoted to Crypto

Popular social media giant Twitter has announced that it is developing a whole new division devoted entirely to cryptocurrency and blockchain technology. Twitter Is Building Its Own Crypto Department The department—known as Twitter Crypto—will focus on several growing aspects of the digital currency space including crypto payments, non-fungible tokens (NFTs), and decentralized services. A company spokesperson explained in an interview: Blockchain and crypto are unlocking...

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Crypto Scams: Are Things Getting Out of Hand?

Scams, scams, and more scams… It seems whenever we look at news relating to crypto as of late, it’s all we hear about, and according to several tech experts, the problem is getting worse. Crypto Scams Are a Serious Problem Scams have always occurred in the digital currency industry, but they have become more elaborate as time has gone by and the space has undergone change. For example, it used to be that a cyberthief ultimately gained control of the assets in a digital...

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Twitter Announces a Team To Focus on Crypto, Dapps, NFTs and Blockchain Technology

Twitter, the darling social network of all crypto enthusiasts, is determined to boost the decentralized technology industry and has created a dedicated crypto team focused on developing solutions for crypto, dapps, and DeFi. Engineer Tess Rinearson will lead the team. Before joining Twitter, Tess was involved in the development of Tendermint Core, also working with Chain.com, the Interchain Foundation, and Cosmos. Hello Twitter Crypto As Tess Rinearson explains in a thread,...

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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 May 2019, saw the 22-year-old alongside his accomplices targeting three cryptocurrency company executives. The prosecutors noted that...

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Twitter Unveils New Bitcoin Payment Option for Users

Twitter is unveiling a new “bitcoin pay” option that will allow as many as 330 million active users to send BTC funds between each other. Twitter Will Allow Users to Exchange Bitcoin with Each Other The company is going to harness the power of the Lightning Network to initiate this feat. The Network has garnered a solid reputation in recent years thanks to its ability to take payments and transactions off-chain. Many smaller bitcoin transactions are bogging down the...

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Scam Plagues Bitcoin.org After Hacker Takes Over Website

Visitors of the Bitcoin.org website recently fell victim to a scam that promised to double their money. Bitcoin.org Was the Recent Host of a Crypto Scam Issues like these are prevalent in the cryptocurrency space, but at this point, it should become rather obvious that anyone (or anything) promising to double one’s money is not a forthright venture. Why would a company simply double your money for the heck of it? Nobody’s that nice or giving, and the maneuver should be a...

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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 TWTR closing prices, this amount equaled $88.74 million. Ark Invest used two of its most popular ETFs – the Ark Innovation ETF...

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Twitter Launches Support For Bitcoin Tips on Lightning Network. NFTs Could Come Soon

Twitter, the favorite social network among cryptocurrency lovers, has just announced that it will let its users to send Bitcoin to any account with a BTC wallet. Enabling Bitcoin tips is part of an even larger initiative. The company is expanding its support for payment processors of all kinds, including Patreon, Cash App, Venmo, Razorpay, GoFundMe, and Brazilian startup PicPay, which serves as an equivalent to Paypal or Venmo with some additional options such as cashback...

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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 Cash App, Bandcamp, Patreon, Venmo, and PayPal. For the unfamiliar, users of the network will be guided through a Bitcoin tutorial, including details about...

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