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Tag Archives: Twitter

Trump’s Social Media Executive Order Draft Highlights Bitcoin’s Censorship Resistance

The latest debacle of social media giant Twitter flagging tweets of the US President Donald J. Trump resulted in the draft of an executive order on Preventing Online Censorship. If anything, this highlights one of the core principles behind Bitcoin’s technology – censorship resistance.Twitter Flagging President Trump’s TweetsThe riots in Minnesota’s largest city, Minneapolis, escalated yesterday as entire buildings were set ablaze following the death of George Floyd – an African American who...

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Twitter CEO’s Cash App Pays $6 in Bitcoin Fees for Each $1 Transaction App Users Make

The Square Cash app owned by Twitter CEO Jack Dorsey will go to great lengths to smooth the onboarding process for its Bitcoin users.When a Cash app user sent 12 different transactions worth $1 each, the app covered the $6 fees required to get his transaction included in the next block – each time.That means the owners and operators of the Cash App paid $72 to move their user’s $12 worth of Bitcoin.The Square AppSquare Cash App Subsidizes Bitcoin Use?As revealed by crypto-podcaster Collin...

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Twitter CEO Jack Dorsey Stacking Sats: Square Cash App Recurring Bitcoin Buys

Twitter CEO Jack Dorsey showed off the ability of the Square Cash app to make daily, weekly, and bi-weekly recurring Bitcoin purchases on May 18. The Square CEO also announced that Cash App users can now view the value of their funds in Satoshis – the ‘cent’ to Bitcoin’s dollar. Jack Dorsey – Stacking Sats Dorsey informed his 4.5 million Twitter followers: “You can now do automatic recurring purchases of Bitcoin in Cash App. Daily, weekly, or every two weeks. And change the display to...

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Twitter’s Jack Dorsey Is Dangerously Wrong About Bitcoin’s Role as World Currency

Jack Dorsey’s love letter to bitcoin fans isn’t the ‘poetry’ that everyone thinks it is. The Twitter CEO’s Square Cash app stands to benefit more than the average cryptocurrency user. Bitcoin’s ridiculously high transaction fees make it an implausible candidate for an everyday global currency. According to Twitter CEO Jack Dorsey, bitcoin is poised to become the native currency in a new global internet-based economy. But Dorsey’s latest love letter to bitcoin on a recent episode of the Lex...

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What Does Twitter Have Against Crypto, Suddenly?

Twitter and Jack Dorsey have long claimed to be advocates of both bitcoin and cryptocurrencies in general, but according to some leading members of the digital community, this may not be the case.Twitter Is Fighting Members of the Crypto CommunityMike Dudas – a tech investor and founder of crypto analysis website The Block – claimed that Dorsey is in the process of” shadow banning” him. In other words, Twitter doesn’t have the guts to tell him face-to-face that he’s being banned, and that his...

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Twitter CEO Jack Dorsey Allocates $1 Billion Of His Square Equities To Launch COVID-19 Helping Fund

Twitter CEO and Square founder, Jack Dorsey, is joining the list of entrepreneurs donating money and supplies to fight the COVID-19 pandemic. The well-known Bitcoin proponent has transferred $1 billion worth of his Square shares into an entity called Start Small LLC. The amount represents 28% of his net worth.Jack Dorsey’s COVID-19 FundAs the fight against the novel coronavirus continues, large entities and even individuals are donating significant amounts for equipment, masks, ventilators,...

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Square Will Operate Crypto Bank and Give Loans to Business

Square Bank will give loans to small business and corporations. It will also sell debts to third parties and engage in blockchain development.Twitter’s Jack Dorsey is a vivid supporter of Bitcoin as a technology. He was saying a lot of times that cryptocurrency is the future, pointing to the success of Bitcoin’s inception. The Federal Deposit Insurance Corporation (FDIC) initiated voting among the board members regarding Square. The company wants to put insurance on the holdings to loan. Per...

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Pro-Bitcoin Jack Dorsey Keeps His Position As Twitter CEO Amid $2 Billion Buy-Back Deal

The pro-Bitcoin current Twitter CEO, Jack Dorsey, will remain at his position after a $2 billion deal. The news came just a few weeks after the founder of Elliott Management Corp, Paul Singer was reported to replacing him.Jack Dorsey Stays As Twitter CEOAt the end of February, reports informed that Elliott Management had become a sizeable stakeholder on Twitter. The hedge fund giant wanted to apply some changes to the popular social network, and one of them was to replace the acting Chief...

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Could BTC Expand and Benefit if Dorsey was Removed from Twitter?

Is Twitter about to lose Jack Dorsey?Dorsey Could Be Forced from TwitterIf that’s the case, bitcoin’s price could suddenly shoot sky high. The situation is that approximately $1 billion in Twitter stock has been purchased by Elliott Management, a Wall Street investing firm run by Republican Paul Singer. Singer has often referred to bitcoin in a negative light, and recently called it one of the most “brilliant scams in history.”However, Dorsey – as we all know – feels very differently. Aside...

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XRP Price Data Is Greatly Influnced by ‘Crypto Twitter’

The recent analysis has shown that such a factor as a number of mentions on Twitter has a great influence on the price of XRP.Crypto Twitter has done it again, this time XRP is the focus. Recent findings suggest that the guys ( and gals) who make up ”crypto Twitter” have been doing their thing again. They have reportedly influenced the last bull run that XRP went through. As of today though, XRP is currently at $0.23. This is a far cry from the ten-cent rise (to $0.33) last month. This also...

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