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Bottlepay Twitter Now Allows Users To Transfer BTC Through Tweets

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Just as the demand rises, innovation takes off too. Bottlepay, a digital payments platform seems to be addressing the latest magnitude of demand for Bitcoin.

The price of Bitcoin surged fivefold. This brought in increased attention to the king coin. The entire globe wanted to be a part of this digital movement. While governments are working out regulations that are crypto-friendly, several platforms have been rolling out services for easy accessibility of crypto. Crypto can be transferred in multiple ways, but Bottlepay announced that BTC could now be sent through a mere tweet.

Bottlepay To Facililtiate Bitcoin Transfers Via Twitter

Bottlepay garnered over $15 million in February through seed funding and even managed to roll out a beta version of the Bottlepay Twitter application. This app allowed users to send BTC through a tweet template,  “@bottlepay send 1,000 sats to @twitteruser.” The beta version alone managed to amass a whopping 20,000 users since 10 February. The app carried out transactions worth about $2.4 million with no major marketing.

The aforementioned tweet template can be used on Twitter which would automatically lead to BTC transfers. The chief executive officer of the platfrom , Mark Webster revealed that their innovation was steer towards “revolutionizing the global payments infrastructure.” Allowing people to carry out payments instantly on social media has elevated their move towards digitalization. He added,

“Today’s consumers want the power to move their money immediately, from anywhere in the world. Bottlepay’s social Bitcoin payments are a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards smoother, easier transactions.”

The latest innovation could be greatly beneficial for the crypto-verse as Bitcoin recently recorded an all-time high of $61K. At the time of writing, BTC was trading for $58,330. BTC had preceded major platforms like Facebook, Tencent, and even the Alibaba Group in terms of market cap. Currently, BTC’s market cap is at a high of $1.09 trillion.

Did Justin Sun Just Bid $2M On Jack Dorsey’s First Tweet NFT?

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Yes, he did!

The concept of non-fungible tokens or NFTs might seem daunting, but they are the rage all over the cryptocurrency realm. The fandom is all agog at how rapidly NFTs are slowly going mainstream.

Owing to this, several well-known players were FOMOing as the craze showed no signs of slowing down. Today, we are talking about none other than Tron Foundation’s Justin Sun! He has updated his bet on Twitter CEO Jack Dorsey’s first-ever tweet, not once, not twice, not even thrice, but four times!

Dorsey’s NFT

For the uninitiated, Dorsey had listed the tweet for sale on the Ethereum based Valuables NFT marketplace on the 6th of March. While many hopped onto the train, the latest being the Silicon Valley billionaire who made a grand entry to the scene, it was actually Justin Sun whose highest bid stole the show.

The young crypto mogul first placed a bid of half a million dollars. Hours after which he updated it to $700k, then $1 million on the same day, then finally rising his bets all the way to a whopping $2 million for the piece.

The back-to-back tweets was enough to let the cryptocurrency community know that he really really wanted Dorsey’s NFT which reads “just setting up my twttr”.

Joining in the weekend buzz was Mike Novogratz, the CEO of Galaxy Investment Partners who went on to tweet that,

“Say what you want about Justin Sun, but the kid has gumption. And a lot of balls.”

The tech entrepreneur and Tron founder is now the highest bidder after this extravagant splurge of $2 million on the NFT. But this is not his first wild investment. Sun had previously placed a record-breaking $4.5 million bid to Warren Buffett’s Glide Foundation.

He had also donated $50k in Bitcoin to Anthony Pompliano’s Barstool Fund, and being the “big-mouthed” that he is, Sun wasted no time to tweet about it.

NFTs take the center stage

Digital art, collectibles, and virtual real estate have taken over the cryptocurrency industry by storm.

Celebrities, especially from the music industry, has been the early adopter of the space. Be it, Mike Shinoda, Snoop Dogg, Lil Yachty, Carl Cox, or Soulja Boy, the NFT market has emerged as a strong contender.

Dogecoin [DOGE] Trading Volume Sees Astonishing Figures

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Dogecoin [DOGE] has seen an impressive run this season. It was up by an astonishing 130% over the last weekly and was currently breezing through its recent record of $0.0792.

Thanks to several prominent figures like rapper Snoop Dogg, the former Kiss frontman, Gene Simmons who have demonstrated support for the Shiba-Inu featuring meme-coin, people are now investing heavily and declaring themselves fans on Twitter. But that’s not it.

But it was not until Tesla Chief’s series of tweets that sparked off a massive bullish spree for Dogecoin.

When Elon Musk Speaks, the world listens.

Dogecoin’s Price Madness

The seven-year-old coin is now the fourth-largest with respect to the 24-hours trading volume which was found to be at $9.942 billion.

Dogecoin had previously replaced several altcoins such as Bitcoin Cash [BCH] to climb to the 8th spot by market cap in the cryptocurrency ladder, a position that the token had failed to maintain following which it dropped to the 10th position.

Despite the slip, Dogecoin’s market value has more than doubled over the past week alone.

What further catalyzed Dogecoin was Musk’s yet another tongue-in-cheek tweet, saying “Who let the DOGE out” amid the rally. What started out as a joke coin back in 2013 was now riding a wave of game-changing popularity on social media, driven by the speculative frenzy of retail investors.

Dogecoin has the internet abuzz. However, many were quick to notice how Musk “shilled” DOGE for weeks but his company Tesla ended up buying a whopping $1.5 billion worth of Bitcoin. many pointed out that Musk successfully distracted the community with DOGE while secretly taking a gigantic bite of Bitcoin

This is what Coin Center’s Neeraj Agarwal had to say about the entire episode,

“My theory is Elon is very addicted to tweeting but knew he would get in trouble for posting about bitcoin too much before the 10-K. So he channeled his desire to post about bitcoin into posting about dogecoin.”

Despite all the theories by several industry experts and community members, Doge is now worth more than Western Union, Under Armour, and Xerox Holdings as investors continue to pour money.

Square To Battle Climate Change; $10M Allocated For Firms That Aid Greener Bitcoin Mining

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Prominent cryptocurrency platform, Square has been making headlines following an array of developments. Jack Dorsey’s interest in crypto was transformed into reality with notable payments platform, Square. Once again, Dorsey’s Square platform had made it to the headlines following its recent development in the field of crypto.

Square To Aid War Against Climate Change

CEO and Founder of prominent social media platform, Twitter, Jack Dorsey seems to be embracing his philanthropic side. Recently, Square rolled out a non-profit crypto platform, Cryptocurrency Open Patent Alliance [COPA] that stops firms from hiding away their crypto innovations in patents. Now, Square seems to be taking an interest in the battle against climate change.

While everyone across the globe has been fighting climate change, Square has revealed in a recent blog post that this will soon be part of this engagement. The blog post pointed out that Square was rolling out the “Bitcoin Clean Energy Investment Initiative”. With this initiative, the platform hopes to offer aid to firms that fuel the adoption as well as the effectiveness of renewables across the Bitcoin sphere. To carry this initiative out in full force, Square had reportedly joined hands with a prominent platform that has been fending off climate change, Watershed.

Square has allocated a total of $10 million as part of the initiative. Speaking about the same, Jack Dorsey said,

“We believe that cryptocurrency will eventually be powered completely by clean power, eliminating its carbon footprint and driving adoption of renewables globally.”

The payments giant is aiming at achieving a net-zero carbon target. This would further be accomplished by depreciating the carbon footprint along with the scaling of a verified carbon removal portfolio. This portfolio will be rolled out into the market in the Q1 of 2021.

The initiative is said to extend support to platforms that incorporate green energy tech into their Bitcoin mining protocols. Additionally, the stimulation of clean power is also one of the goals of the initiative. With all of the aforementioned, Square with its Scope 3 emissions intends to transform into a net-zero carbon for operations by 2030.

Dorsey added,

“Published estimates indicate bitcoin already consumes a significant amount of clean energy, and we hope that Square’s investment initiative will accelerate this conversion to renewable energy.”

Jack Dorsey Continues To Endorse Bitcoin; Square Rolls Out Platform To Aid Crypto Innovation

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Over the years cryptocurrencies, particularly Bitcoin caught the eye of prominent personalities across the globe. While the coin was made for the average Joe to break from the shackles of centralized institutions, several authorities and notable people took a keen interest in Bitcoin.  Founder and CEO of a prominent social network company, Twitter, Jack Dorsey have been a great supporter of the crypto-verse and continues to support Bitcoin.

Bitcoin Is The Best Manifestation Of An Internet Currency

In a recent interview with Reuters, Dorsey pointed out that the internet was need of a native currency and believes that Bitcoin has fulfilled the same. He further suggested that no other coin could fill Bitcoin’s shoes as the native currency of the internet.

Highlighting the importance of toolmakers or developers, Dorsey detailed that it was essential for toolmakers like him to make Bitcoin easily available to people. He also stressed on how it’s his job to make it easy for individuals to understand as well as utilize the digital asset effectively.

Dorsey went on to elaborate on the plans he had to make Bitcoin easy and feasible for the community. He said,

“One is just transaction times and efficiency. So making it cost-effective and making it time-effective. The second is, intuitive to people; that they understand why they might use it, they understand where it is, and they can access it in a way that feels similar to just handing over paper cash.”

Almost every other coin that has entered the crypto-verse have tried to resolve the shortcomings of the king coin, however, Dorsey believes that Bitcoin should be built in such a way that is it “as intuitive as fast and as efficient” as it is today.

No More Stifles To Innovation

In other news, Dorsey’s payments company, Square rolled out a platform dedicated to preventing companies from locking innovations pertaining to cryptocurrencies in patents. The Cryptocurrency Open Patent Alliance [COPA] is a non-profit platform that hopes to aid in the growth of cryptocurrency technology.

The platform is reportedly open for membership and members would be required to pledge for the availability of their patents via a shared library. The announcement further read,

“As more members join and declare that they won’t offensively assert their patents against others, the overall incidence and threat of patent litigation comes down.”

Dorsey’s latest move seems beneficial to the crypto ecosystem, however, Square revealed that it was open to feedback with regard to its new platform.

Twitter Hack That Saw Accounts of Gates, Musk, Obama Compromised Finally Has Few Suspects; Main Accused Pleads Not Guilty

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The cryptocurrency market is no stranger to the controversies over a series of hacks and scams that have dominated the front pages for a long time. Some of the most recent attacks involving cryptocurrencies occurred a few weeks ago when major personalities’ Twitter accounts were hacked to scam people off their bitcoin holdings.

 The hacked Twitter accounts belonged to bigwigs like Barack Obama, Democratic Presidential nominee Joe Biden, Tesla CEO Elon Musk and Microsoft founder Bill Gates. After a massive investigation conducted by law enforcement agencies, a couple of suspects were rounded up in connection with the hack, all of whom have pleaded not guilty. 

One of the main suspects in the case was Graham Clark, a 17-year-old Florida resident who has vehemently plead not guilty in front of the city judge. Clark informed Circuit Court judge Christopher NMash that he was not guilty of the 30 felony charges leveled against him. Graham Clark is set to appear in court again today, where he will appeal to amend his $750,000 bail bond and release clauses. Clark’s lawyer, David Weisbrod is yet to divulge any information on how they will deal with the situation during the next hearing.

The hack took over multiple celebrity accounts and tweeted misinformation claiming that if their follower sent them Bitcoin, they would be doubled and sent back. By the time Twitter caught the rampant attack on the accounts, the hackers had already made off with more than $100,000. Clark was not the only person embroiled in the hack as he was also joined by two other individuals.

Mason Sheppard, a 19-year-old from Bognor Regis, Britain worked under the pseudonym Chaewom and has been charged with multiple counts of wire fraud and money laundering. It is not yet confirmed how Sheppard is related to Clark but investigations have revealed a money trail back to Sheppard. The third accused in the case was Orlando based Nima Fazeli. The 22-year-old goes by the nickname of Rolex and has been charged for being an accessory to the crimes.

Details of the final sentencing and fines will only be given out after the hearings on Wednesday and the coming days. Twitter claimed that the hackers used a method known as ‘social engineering’, which allowed them to access vulnerable information. Sources stated that Clark and his associates convinced Twitter support that they were IT officials who needed customer credentials to conduct routine checks.

Bitcoin: Twitter Hack brings in Limelight; but was it Worthwhile or Disruptive?

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More than 24 hours have passed since Twitter hack news broke the internet, but a random google search for “bitcoin news” would still give results for an article that’s more than a day old.

In honest opinion, the Bitcoin conundrum has created a massive stir across media platforms, and a lot of eyes and attention has been drawn to the world’s largest digital currency. Many websites have even begun to publish a Bitcoin Introductory article, a testament to the rate at which news spreads like wildfire.

But with the dust starting to settle, is Bitcoin Cryptocurrency currently in a better position in terms of popularity, or is it the situation the biggest crypt could have done without?

Bitcoin cryptocurrency took a minor hit; Price Wise

Let us discuss the most important things first; Bitcoin cryptocurrency’s valuation.

The Bitcoin scam/Twitter hack broke out towards the later hours of 15th July and took the internet by storm. Within hours, it was trending worldwide and every media publication under the sun was covering the issue. The price did not facilitate an immediate reaction but around 10 hours later, the impact was starting to surface in the charts.

BTC recovery

As illustrated above, Bitcoin cryptocurrency’s price is no stranger to massive pullback after an event tarnishing its image. A similar thing happened after the infamous hack as well with BTC crypto falling below support at $9149 and $9089 in 4 hours.

Since hitting a low at $9026, the largest asset did well for itself in terms of recovery as a quick return above $9089 was orchestrated. The asset continued to mediate below resistance at $9149 for the time being, but over the next 24-hours, the token should be able to sustain a position above the aforementioned range.

In short, major disaster averted?

Bitcoin cryptocurrency and world-wide coverage; Silver-Lining?

To understand the coverage received by the story and Bitcoin altogether, let us shed light on a minor comparison.

The average traffic received by cryptocurrency media outlets is usually under or just over 1 million hits per month, which varies every month, but it is never way-off than the one million range.

On the other hand, recent data suggested that BBC news averages a whopping 1.5 billion monthly page views every month. Now, BBC covers everything from politics to sports to entertainment, but that is still a huge number.

Conducting a “Bitcoin news” search, the first article that pops up is a BBC news article on Bitcoin. Without assuming that one article is going to change the ball-game for Bitcoin crypto, but if 1 percent of those people read that article, that is 15 million people reading about Bitcoin.

Adding in the traffic brought in my other media outlets, it is fair to speculate that north of 30 million people must have read about the Bitcoin hack if not more.

“Any publicity is good publicity”, is a fair idiom to use in favor of Bitcoin at the moment.

BTC’s credibility; Hit and Miss?

Now to some extent, Yes! Bitcoin’s image was sprung under the bad name of being a scam but it also allowed others to understand BTC’s traceability.

Data set from OKLink disclosed that the scam address had received 371 Bitcoin inflows, representing a total of 12.85 BTC. This sum has already been transferred and is expected to reach crypto-exchanges soon. Hence, the ease with which these transactions were tracked is certainly a nice color on Bitcoin, as its functionality continued to hold its core values of being a transparent form of transaction.

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Additionally, Jay Hao, CEO of OKEx suggested that to his surprise, the ratio of long/short did not decrease, but increased. Such a ratio can be used as a market sentiment indicator, with the present one underlining the bullishness among users of Bitcoin.

Twitter was hack; Bitcoin not so much

Now, if the melodramatics surrounding Bitcoin is taken out of the picture, the root of the issue was associated with Twitter. The social media platform‘s security levels should have received its set of scrutiny because Bitcoin was just the mere prize of the scam.

Some parts of the ecosystem also re-ignited that debate of Centralization vs De-Centralization, and rightly so. Twitter’s centralized medium causes over 30 million user accounts to suffer more information leak every year, highlighting the fact that a decentralized system incurs functionality in certain aspects.

Hence, the narrative of Bitcoin receiving the end of the stick seemed unfair by a majority of the BTC community.  Major industry players stated that the hack pointed to a fundamental issue with Twitter and other centralized systems, and made an argument for decentralized systems like Bitcoin.

Kristin Smith, Executive Director of Industry trade group Blockchain Association, stated,

“We don’t know how this hack happened, but when you have a centralized system where there’s a point of contact that the bad guys can point to and try to get into and penetrate, that’s very vulnerable. But it’s really important to realize that this was a hack and the crime is the hack, it’s not the fact that Bitcoin was the desirable prize of this attack.”

 The conclusion is pretty straight

To be frank, the recent hack is not going to stir a situation beyond what it was or what it is at the moment. It will probably go down at the most infamous one involving the digital asset but it is important to note that the attention received by Bitcoin over the week, good or bad, is only going to grow its image.

Accredited readers will understand and comprehend the facts well to acknowledge that the frailties lied on the hands of the social media platform rather than the digital asset, and that would be enough for now.

As for Bitcoin on Twitter, people are unlikely to trust the BTC addresses for a short period now, but narratives change and systems as well, so it is all part of the global image of Bitcoin.

Authorities Out to Trace all Links Connected to Bitcoin Wallet Involved in Latest Twitter Hack

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On Wednesday, Twitter users in the United States woke up to the shocking news that multiple bigwigs had their accounts hacked in one of the biggest social media security breaches in history. The Twitter accounts of personalities like Kanye West, Elon Musk and Bill Gates were hacked with the intention of scamming people of their holdings.

The hacked accounts asked users to deposit capital in Bitcoin to specific wallet addresses with the promise of doubling what they sent. By the time Twitter support realized what was happening, millions of dollars worth of transfers had occurred.

Two days after the attack, investigative authorities were trying to figure out who was behind the attacks and what it could mean for future security protocols. The attack was widespread, attacking not just pop celebrities but politicians such as Joe Biden and Benjamin Netanyahu as well. It can only be left to the imagination what would have happened if the hackers had done something more extreme.

To ensure that the hacker’s trail does not go cold, US blockchain forensics firm Chainalysis stated that a digital wallet used to consolidate the BTC had previous links to other merchant service providers. Maddie Kennedy, the spokesperson for Chainalysis had said:

“They have interacted with service providers that have know-your-customer processes, and law enforcement can work with those service providers to find out who can be behind those accounts.”

Twitter has been working with the Federal Bureau of Investigation [FBI] to uncover the trails of the heist. The main problem that law enforcement has faced is with regarding tracing the Bitcoin wallet. Since Bitcoin is completely decentralized it becomes difficult to track the exact location and owner of the Bitcoin wallet. The only information that is available right now is the Bitcoin wallet address to which some people transferred their capital to.

Tom Robinson, an official of blockchain analysis firm Elliptic admitted that the Bitcoin transfers left very few clues to trace it back to its source. One of the wallets involved even had some active transactions going back some time, making it a key lead.

Bitcoin: Jeff Bezos, Elon Musk, Joe Biden; No one survived the recent BTC hack!

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Bitcoin scams and hacks have been extremely common over the last few years, but the recent conundrum on Twitter may have been the most memorable one in recent years.

Surrounding a cryptocurrency scam, an unidentified hacker found his way into several high-profile Twitter accounts and asked for BTC donations on social media platforms.

From Apple to Uber, from Kanye West to Barack Obama, everyone’s profile was intertwined, and a common tweet shared across everyone’s handle echoed a BTC donations message.

“I am giving back to the community. All Bitcoin sent to the address below will be sent back doubled! If you send $1000, I will send back $2000. Only doing this for 30 minutes.”

BTC donation
Source: Instagram

Following the incredible mess, Twitter CEO Jack Dorsey made an online statement stating the organization’s regrets about the situation. The CEO said the company felt “terrible this happened.”

Dmitry Alperovitch, the co-founder of Crowd Strike, informed media outlets that the above-mentioned hack could possibly be the “worst witness” on a major social media platform in history.

Hacker possibly made $120,000 in Bitcoins; unconfirmed

Although unconfirmed, Business Insider suggested that data from available blockchain records suggested that a hacker might make up close to $120,000 over the short scam period.

The hack was identified within hours, but hundreds of people took the bait on the platform and one particular wallet address reported receiving more than 350 transactions.

Ironically, the functionality of Bitcoin may make it difficult to properly identify the exact amount that the hack was able to collect during the scam.

Tron’s Justin Sun announces $1 million bounty following hack

The attention received by the scam was widespread and crypto proponents were taking centre stage as well. Justin Sun, Founder of TRON, released a bounty of $1 million for the capture of the hacker as he revealed that his team was working closely with Twitter on the issue. He informed outlets,

“We are working closely with Twitter to resolve this issue immediately and return our accounts to normal. We are always vigilant in handling our accounts; operating safely and responsibly — taking the security of our accounts to the highest standards possible. This only further illuminates the urgent need for our society to adopt decentralized, trustless software, and services.”

The Tron Community Celebrates Own Twitter Emoji

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Tron is the fourth blockchain project to be awarded a coveted hashtag on social media giant Twitter.  The Tron ecosystem celebrates the fact that TRX is the fourth blockchain to be granted a custom Twitter emoji hashtag. The CEO and founder of Tron, Justin Sun, launched the new emoji by tweeting on Friday, July 3rd. p  Like Tron ‘s tradition in their marketing campaigns, the new emoji comes with rewards that require members of the Tron community to put the latest emoji to their profile bios.

The Tron Community Members Excited

Much as during the Binance anniversary, the latest Tron Twitter emoji seems to be connected to a particular event. Furthermore, the emoji is related to the following hashtags “# TRX,” “# TRON,” “TRONGreatVoyage,” and “TRONConference.” Realistically, these four hashtags are tied to Tron 4.0 ‘s upcoming unveiling event.

Surprisingly, the project also obtained the hashtag “#TRONAnniversary,” which is most probably meant to be used in the future.  Additionally, on August 29, Tron is set to launch the Tron Virtual Machine.

Bitcoin, Crypto.com, Binance Coin and now Tron

Back in June, the Tron community asked Justin Sun to enable the cryptocurrency to have its own Twitter emoji. The request followed Crypto.com’s CRO, which became the second cryptocurrency after BTC to have its customized emoji on the social media giants platform. Earlier this week, Binance Coin was just the third cryptocurrency to have a Twitter emoji.

Notably, Bitcoin became the first cryptocurrency to receive a branded emoji as Twitter CEO Jack Dorsey’s tribute to the coin. Dorsey also funds the development of the Bitcoin Network through its company Square. The other three coins have launched their branded Twitter emojis as a marketing campaign to expand their influence. In addition, of the four customized hashtags, Tron seems to be the biggest spender.