TronWeekly

Crypto World News

You are here: Home / Archives for Twitter

Twitter

Suspension of Dogecoin Tipping Bot by Twitter Instills Fear

by

 Numerous factors contributed to the success of Dogecoin (DOGE). Elon Musk, the CEO of Tesla, has been a leading supporter, despite the fact that it first began as a joke. The community hoped for an improvement in Dogecoin’s visibility on Twitter once Musk took over the social media platform. On the other hand, a well-known DOGE tipping bot on the social media site has been suspended.

Earlier today, a number of Dogecoin users reported that the Twitter account “MyDogeTip” had been suspended. Users contacted Twitter to try and fix the problem, but as of press time, no response has been received.

According to reports, this tip bot has been around for a while. Members of the community even remarked that no other cryptocurrency on Twitter is utilised for tipping as frequently as DOGE.

Twitter launched a feature that would let users use Ethereum [ETH] and Bitcoin [BTC] for tipping before Musk took over the company. In the middle of this, Reddit saw a boom for Dogecoin. In comparison to Bitcoin, there were 262,138 recommendations for DOGE a year ago. As a result, the community pushed for Dogecoin to be included in Twitter’s tipping system. Billy Markus, one of the DOGE network’s co-founders, even created a petition to get the item listed on the social media site.

However, as soon as Musk announced interest in acquiring the business, Twitter’s dynamics shifted. While many expected Dogecoin to take center stage on Musk’s Twitter, the business magnate has been busy rebuilding the company.

Move Instills Fear In Dogecoin Community

Without a reaction from Twitter, numerous rumours started to circulate. The vast majority of the community thought it was primarily an error.

Others hoped Twitter Coin wouldn’t take the place of Dogecoin. Mishaboar, a member of the DOGE community said,

“Either a mistake or something to do with Twitter’s new suspension policies. I really really hope it has nothing to do with the other incentives Twitter is planning to add (like Twitter Coin), as that would not replace Dogecoin for me and a lot of other people.”

According to a story from earlier this week, Twitter has been requesting licenses from the appropriate authorities to enter the U.S. payments market. While its competitors were going through a period of correction, this news helped DOGE’s price rise. However, the most recent information might hurt the asset.

Dogecoin Surge Looms: Expert Predicts 100% Price Boost

by

Cryptocurrency trader Bluntz has made a bold prediction for the meme coin Dogecoin (DOGE), projecting a massive price surge against Bitcoin (BTC). 

In a recent Tweet, Bluntz noted that the DOGE/BTC pair is at a “pretty interesting weekly level” and that betting on the bottom of Dogecoin is “never a bad bet.”

Despite acknowledging that the DOGE/USD pair looks like a “hot fucking mess,” Bluntz believes the DOGE/BTC pair is “gearing up for a revenge pump of probably 100% or more.” 

He added that not having a bag of Dogecoin would be “negligence” on his part, especially after the USD pair broke out after four attempts.

image 104
Source: Bluntz tweet

Dogecoin, which started as a joke, has become a significant player in the cryptocurrency world. With a market capitalization of over $12 billion, it is one of the largest cryptocurrencies in the market. 

This sudden surge in interest can be attributed to the coin’s growing community and support from famous personalities like Elon Musk and Mark Cuban.

Dogecoin’s success showcases the growing influence of meme coins in the world of cryptocurrency. With its massive potential for growth and a strong following, it’s no wonder Dogecoin will be touted as a top investment opportunity soon.

Twitter’s Payment Plans Boost Dogecoin Price

Twitter’s recent plans to launch a payments platform and gain regulatory licenses have given a boost to the price of the popular meme coin Dogecoin (DOGE). 

The move made by CEO Elon Musk to diversify revenue streams and launch an “everything app” has caused an 8% surge in the price of Dogecoin. As per CoinMarketcap, it is currently trading at $0.09219 with a massive growth in the trading volume, which is about 146.62% in the past 24 hours.

DOGEUSDT 2023 01 31 04 59 49
Source: Tradingview

Twitter’s director of product management, Esther Crawford, is leading a small team to map out the architecture for payments on the platform and create a secure vault for storing user data.

The company has registered as a payments processor with the US Treasury and is in the process of obtaining the necessary state licenses to launch the service.

Twitter aims to complete the regulatory checks within a year and then expand internationally, but the move into payments faces competition from established players like Venmo, Cash App, and Zelle, as well as high levels of regulatory scrutiny. 

There are also concerns about the challenges and costs of adopting new technology, complying with regulations, and gaining consumer trust.

Related Reading | Bitcoin Boom: $117M Influx Brings Investors Back To Digital Asset Market

Twitter “coins” feature disturbs Elon and Dogecoin (DOGE) relationship, Shiba Inu (SHIB) devs to launch Shibarium L2 beta, Snowfall Protocol (SNW) price surges from $0.005 to $0.191

by

The popular memecoins, Dogecoin (DOGE) and Shiba INU (SHIB), have experienced dreadful days throughout 2022. However, prices that had marked new bottoms, immediately began to rise, with the start of 2023, as market sentiment broke free from its bearish captivity. Additionally, a new project is gaining traction in the crypto space. Snowfall Protocol (SNW), a multichain platform with high interoperability, began its journey in crypto space, and has since increased by more than 500% in a matter of weeks.

Snowfall Protocol (SNW) has been steadily rising since the start of the presale, which is about to come to an end. The crypto space is attempting to stabilize the ongoing upswing as Dogecoin (DOGE) and Shiba Inu (SHIB) registered decent gains. However, the bears have been attempting to limit both Dogecoin (DOGE) and Shiba Inu (SHIB), so the upcoming daily close may have a greater impact.

Meanwhile, Snowfall Protocol (SNW) is believed to ignite a notable rally to mark new highs soon after its official launch, which is fast approaching.

Twitter’s ‘Coin’ Feature Challenges Dogecoin (DOGE)

The relationship between Tesla and Twitter CEO, Elon Musk, and Dogecoin (DOGE) has been in the spotlight for a long time. However, the association is believed to get strained to a large extent as Elon Musk is all set to roll out the new ‘Twitter Coins’ feature, where users can purchase coins using fiat money through the payment processor, Swipe. Moreover, users may also earn rewards for retweeting certain content.

Many crypto experts believe that this could be the end of the fruitful relationship between Elon Musk and Dogecoin (DOGE). Besides, Dogecoin (DOGE) price has displayed a notable upswing and surged beyond $0.08, recovering the losses incurred due to the FTX debacle. Dogecoin (DOGE) is witnessing bearish action presently, which may drag the price slightly lower. Therefore, Dogecoin (DOGE) price may slide below $0.08 soon.

Shiba Inu’s (SHIB) Beta Version of L-2 Shibarium Makes Noise

Shiba Inu (SHIB) gained immense popularity since its launch as a ‘Dogecoin (DOGE) killer,’ which is believed to display a giant rally compared to its competitor. Withstanding the bearish action multiple times, Shiba Inu (SHIB) price demonstrated its potential to lead a significant rally ahead. However, after approaching crucial levels, Shiba Inu (SHIB) prices appear to deviate from the resistance.

However, until Shiba Inu (SHIB) price is closely trading along the critical levels at the 200-day MA the revival of a bullish trend is difficuly. The trading volume of Shiba Inu (SHIB) has been ranging within decent levels that substantiates the possibility of bullish action soon. Besides, if an extended bearish action drags the Shiba Inu (SHIB) price below $0.00001, it could remain consolidated for a while.

Snowfall Protocol (SNW) Price Continues to Surges

Snowfall Protocol (SNW) is a multichain platform that offers smooth transfers of assets and cross-chain transactions between different blockchains. The advanced technology and unique features have attracted many to the platform. Snowfall Protocol (SNW) uses a bridge to carry out the transfers, which enables users to explore the features of the other platforms as well. Along with asset transfer, Snowfall Protocol (SNW) also offers a stablecoin bridge, NFT bridges, and staking.

Snowfall Protocol (SNW) was introduced through a presale, which was carried out in multiple phases. The first 2 have been completed successfully, while the final phase is about to close soon. Since the beginning of presale, the value ofSnowfall Protocol (SNW) has surged by more than 500% and accumulated over $3 million.

Snowfall Protocol (SNW) price has been making new highs since the token was introduced. Hence, industry experts believe that the price may surge by more than 5000% from the current highs of $0.191, soon after the official launch.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Dogecoin (DOGE) Tumbles Following Elon Musk’s Twitter Poll About Stepping Down As Twitter CEO

by

Elon Musk has been met with heavy criticism from the start of his tenure as CEO of one of the world’s most popular social media platforms. It also had an impact on Elon Musk’s preferred cryptocurrency, dogecoin, which saw a significant decline over the past several days. 

On Sunday, Elon Musk tweeted a poll asking whether or not he should step down as CEO of Twitter; almost 57.5% of the 16.3 million votes polled were in favor of his resignation. Although Musk stated he would follow the poll’s findings, it is uncertain whether or not he will really do so.

Concerns are being raised regarding the billionaire’s other companies due to the management at Twitter. His choices are often questioned, whether from mass layoffs or recent policy changes.

On December 18th, Twitter said that it would remove accounts created solely to promote other social media sites and material that contains links or usernames. However, the post is currently not available.

According to a post, the change will affect material from social networking sites like Facebook and Instagram from Meta Platforms as well as Mastodon, Truth Social, Tribel, Nostr, and Post while permitting cross-content publishing.

Since Elon Musk became CEO, Twitter has taken other chaotic actions, like see-sawing over how much to charge for its subscription service Twitter Blue. The policy change is the latest in this line of behavior. 

Nevertheless, after receiving criticism, Musk apologized for the sudden policy change earlier on Sunday and said major policy changes would be put to the vote going ahead.

Dogecoin (DOGE) Price Analysis

Unsurprisingly, DOGE fell after the controversial billionaire tweeted because the meme coin continues to be highly delicate to Musk’s tweets and remarks.

The data from CoinMarketcap shows that currently, DOGE is trading at $0.07753. The daily chart displays a loss of about 2% as well as 12.62% in the last seven days. The token’s market cap is down by 2% in the previous 24 hours, while its trading volume is up by 4% in the same time period.

DOGEUSDT 2022 12 19 05 15 58
Source: Coinmarketcap

Dogecoin has dropped significantly in recent days since hitting the daily high of $0.111 resistance on December 05th, approximately after one month. However, Dogecoin fell almost 90% from its All-Time High of $0.7376 on May 08th, 2021, nearly two years ago.

Related Reading | Shiba Inu Team Surprises With a Mystery Countdown

Elon Musk’s New Move to Prosecute Scammers Pushes Crypto Spam Bots to Go into Hiding

by

The crypto community is reporting a sharp decline in the number of bots responding to their posts following Elon Musk’s most recent attack on crypto spam bots on Twitter.

The CEO of Twitter hinted that “bots are in for a surprise tomorrow” in a post on December 11. Later, the CEO added that the platform will be blocking the IP addresses of “known bad actors” after identifying a small group of individuals responsible for a large number of bot/troll accounts.

Elon Musk guarantees to shut down the scammers

He continued by saying that even though con artists might use other strategies to get around the IP address block, Twitter will “shut them down as soon as they show up.”

Dogecoin co-creator Billy Markus’ pseudonym Shibetoshi Nakamoto wrote to Musk on December 11: “I made a test post and instead of seeing 50 bot replies I only saw one much progress, very hype.”

Other users went to test Elon Musk’s most recent adjustments. An investor and bitcoin analyst named PlanB published a chart to track the number of automated responses. As of the time of writing, no comments from bots had appeared.

While Twitter “seems to be marginally better to use lately,” Ethereum co-founder Vitalik Buterin added, he couldn’t tell if there had been a decrease in bots because of Musk. Some claim that the bot responses still appear on posts, but the platform quickly deletes them.

After taking over as CEO of Twitter in October, Musk saw the elimination of Twitter spam and scam bots as one of his top priorities.

Musk also made a passing mention in his most recent post that the company plans to sue Twitter scammers in the future, but he provided no further information.

MicroStrategy founder Micahel Saylor responded to Musk, questioning what percentage of toxic behavior on Twitter is driven by bots rather than healthy people. Elon Musk responded:

That’s my guess: small number of humans with large bot/troll armies. We are shutting down IP addresses of known bad actors today. Should have been done long ago.

Dogecoin (DOGE) On The Rise As Elon Musk Announces To Make An Alternative Phone

by

Despite the recent uncertainties caused by the FTX fiasco, DogeCoin (DOGE) price has been stable over the past few days – with its value surging significantly by about 10% for the past day. 

One of many major causes for this is Elon Musk’s recent announcement that he would make an alternative phone if twitter were to be removed from both iPhone and Android app stores.

Liz Wheeler, a podcaster, tweeted her concern that Twitter may be subject to a play store ban due to Elon’s new policy, to which Musk responded that “I certainly hope it does not come to that,” but if it happens, he will “make an alternative phone.”

Wheeler said:

If Apple & Google boot Twitter from their app stores, Elon Musk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy, right?

Meanwhile, the Economic Times reported that Twitter Inc.’s new Verified services would go live next Friday, according to Elon Musk, following a string of delays and issues related to fraudulent accounts.

To prevent a growing issue of people mimicking well-known brands, Twitter has already stopped the $8 subscription program. Twitter Verified is Musk’s attempt to separate distinct user groups and generate much-needed income.

The report stated that in order to prevent companies against accounts with blue check marks from altering their identity and image to that of a brand, companies will now receive a gold check mark.

Dogecoin (DOGE) Price Surge 

The market has been slowed by the FTX debacle and other prominent investors, but Elon Musk and his favorite cryptocurrency Dogecoin (DOGE), are not lagging behind.

According to CoinMarketcap’s data, the token is currently trading at $0.09186, with almost an 11% increase in the previous seven days. The token market cap has risen by approximately 4.00% during the past day, while its trading volume has increased by about 35%.

Dogecoin DOGE rebounded to $0.090 from the $0.077 support level of November 21st, signaling that the bulls are attempting to create a new higher above this price. However, at $0.090, where the relief rally is now, the bulls are confronted with strong bear opposition.

DOGEUSD 2022 11 26 04 58 53
Source: Tradingview.com

Since the end of November, the strength of purchasers has significantly increased for Dogecoin. The apparent breakthrough above a short-term barrier suggests that this trend may continue.

On Tuesday, November 25th, the Dogecoin price pushed past its previous high to $0.0861 after more than two weeks of attempted breakouts on November 24th, when there was a spike in trading volume that may signal renewed buying pressure.

Nevertheless, for Dogecoin’s price to rise significantly, it must break through and hold above $0.095. The price may finally drop below $0.070 in the event of a bearish reversal, where it may experience several rejections.

Related Reading | Shiba Inu Burn Rate Rises: Battles To Win Back Confidence After FTX Crash

Binance’s CZ Comes as Support for Elon Musk Amidst the Twitter Employee Chaos

by

Friday, amid a trend on Twitter that reads “RIP Twitter,” Binance CEO Changpeng Zao (CZ) spoke out in aid of Elon Musk, the CEO of Twitter. After the recent ultimatum by the Twitter CEO to choose between working intense, incredibly hard-core, long hours or losing their jobs, the trend #RIPTwitter exploded onto the scene.

CZ stated that the more successful you are, the more people FUD about you. He also added that it makes you stronger and not weaker.

CZ shows his support for Elon Musk

illy Markus, the creator of Doge, pokes fun at Twitter in a post titled “RIP Twitter,” comparing its demise to that of Google Plus. In a recent tweet thread, Markus also makes fun of Twitter employees, claiming that they intend to leave with their money rather than work long hours to save a “dying company” (Twitter).

Following an order from the new owner Elon Musk, hundreds of Twitter employees left the company, flooding Twitter with heartfelt messages. The hashtag #RIPTwitter started to trend on Twitter as users questioned whether the service would be discontinued.

Others shared memes of gravestones with the epitaph “Mr. Musk killed the service,” while some users made light of the fact that there was only one employee left. Some users claimed to have switched to other social media platforms.

On Wednesday, Mr. Musk gave the remaining Twitter employees less than 36 hours to resign or pledge to work on “a breakthrough Twitter 2.0.” He said those leaving would receive a three-month severance package.

According to the NY Times, four people with knowledge of the discussions said that Mr. Musk and his advisers met with some Twitter employees they considered “critical” in order to prevent them from leaving. He seemed to soften his standpoint on not letting people work from home before alerting their managers, sending conflicting messages about the company’s remote work policy.

Ever since Twitter was taken over by Elon Musk, he has been working on implementing changes to make it a better place. Musk is known for his workaholic nature and is very committed to his work despite of being the wealthiest person.

Cardano: DOGE Co-Founder’s Peace Offering To Charles Hoskinson

by

After a Twitter spat with Cardano’s Charles Hoskinson, Dogecoin co-founder Bily Markus extended an “olive branch” apologizing for being overtly hostile and stirring up unnecessary tensions.

“I do have respect for all those who are contributing to making crypto more useful and scale better I was overly hostile unnecessarily, and want to apologize, and hope you and ADA are successful”.

The founder of Cardano tweeted in response, “We got this,” thanking Markus for the peace proposal and expressing regret for similar comments in the past.

Crypto netizens were swooning over the friendly gesture with one commenting, “This is the first time I’ve seen an exchange like this on Twitter. If we all worked together, the crypto industry would be very formidable”.

“Building friendships in the bear market is like free hugs post-BTC halving” tweeted another.

Just the other day, the Cardano and IOHK head proposed his vision for a decentralized Twitter in a video addressed to Elon Musk. The Tesla and SpaceX CEO recently took control of the social media platform after a chaotic legal battle.

Musk who is also a DOGE proponent has on many occasions expressed his intention of making DOGE the official token for Twitter.

Cardano Vs Dogecoin; The Twitter Spat Where It All Began

Hoskinson in his 59 min long video pitched ideas for a joint collaboration between the two ecosystems and ways to increase incentives for both ADA and DOGE mining pools.

However, the lukewarm response from the DOGE community members and the subsequent removal of his video by the moderators on the Dogecoin Reddit, along with Markus’ angry response resulted in a verbal exchange between the two founders.

The co-creator of Doge tweeted that Elon Musk doesn’t really care about Hoskinson’s “dumbass rant” on DOGE and referred to his video as “hypocritical whining and misinformation” when the latter complained that the video had been removed.

Markus also criticized the price performance of the ADA coin, claiming that the drop in 2018 didn’t prompt “regulators to jump in.”

Hoskinson defended by saying that ADA has actual use and utility unlike a meme coin and stressed that his proposal wouldn’t change doge but instead use it as an airdrop target and isolate Twitter’s needs from the existing chain.

Cardano Founder Proposes His Version Of A Decentralized Twitter To Elon Musk

by

Cardano’s Charles Hoskinson has outlined his vision for a decentralized Twitter to the current new head Elon Musk. In a video addressed to the Tesla billionaire, Hoskinson spoke on the mutual opportunities of growth and how the platform’s algorithm has wreck havoc on users’ minds which he claimed needed to change.

According to the founder, Twitter has emphasized growing its user base more than implementing security measures like adequate account verifications [which can tell the difference between a bot and a human or the correct credentials in a user’s profile].

He brought attention to the Atala PRISM, a decentralized identity management system built on the Cardano blockchain.

As per the website, it is a novel identity management strategy where users can own their identities and have total control over how their personal data is used and accessed.

The project is set to be deployed in the first quarter of 2023 on mainnet which will also have cross-chain functionalities.

Hoskinson suggested “redefining” the Tweet space with “nuanced tools,” such as converting the tweets into NFTs to include a reputation score and creating prediction markets where the inclusion of veracity bond will act as a deterrent against false and misleading information, enabling better information flow on the platform.

“Now suddenly the tweet space looks different. You have nuanced tools that are extensible to curate the info. You have economic agencies behind the info….people sharing these tweets have their reputation tied.”

Cardano Founder Spoke On DOGE And ADA

He however admitted that “curation” of information at such a scale is not an easy task. The IOHK head also cited several crypto platforms that are working towards a similar goal.

One such is the Basic Attention Token [BAT], a blockchain-based system for monitoring media consumers’ time and attention on websites using the Brave web browser.

Where is DOGE in the equation?

Hoskinson proposed creating a sidechain with “super fast BFT protocol” and DOGE acting as advertising, marketing, and a veracity token.

According to him, the biggest hurdle to decentralized Twitter is its algorithm which he maintained is optimized only to make money and spew hatred among users.

He also suggested a collaboration in which ADA and Doge may gain from one another. “Doge can provide all amazing things being the currency of the social networking site. In turn, Cardano can provide security, decentralization, infrastructure, and an ecosystem.”

Dogecoin Slumps as Elon Musk-Twitter Deal Concludes

by

Dogecoin slumps after Elon Musk-Twitter deal finalize. Elon Musk, the CEO of Tesla, has reportedly signed a $44 billion deal to take over Twitter, according to a report from CNBC.

The departure of Twitter’s CEO Parag Agarwal and chief financial officer Ned Segal was also announced by CNBC reporter David Faber in a tweet. The executives “will not be returning,” according to Faber.

The news follows Musk’s tweet on Thursday in which he explained why he was buying the social media site.

Faber, on the other hand, predicts that Musk will fire some employees, perhaps as many as “three-quarters of the staff.” Faber thinks that Musk might be acting as the interim CEO of the microblogging service given that the 51-year-old billionaire changed the description of his Twitter account to “Chief Twit.”

Dogecoin falls as Twitter acquisition deal concludes

Dogecoin which surged over 35% from Monday in anticipation of the Elon-Twitter deal, plunges post the deal. It ends up being a sell-the-news event.

At the time of writing, DOGE fell by 5.75% in the last 24 hours. DOGE is currently trading at $0.07473. It touched a high of 0.08483 before falling to this price.

image 27
Dogecoin Slumps as Elon Musk-Twitter Deal Concludes 6

It’s unclear exactly when or why Elon Musk fell in love with dogecoin. The billionaire CEO of Tesla and SpaceX has been promoting the token for years.

Dogecoin has frequently reached new record-high prices as a result of Musk’s tweets, which occasionally make oblique references to it. Additionally, these posts have promoted interest among retail investors.

Musk is not the only famous person endorsing the animal-branded token, though. Snoop Dogg, Kiss bassist Gene Simmons, and Dallas Mavericks owner Mark Cuban have all previously publicly backed dogecoin.

The comedic cryptocurrency was introduced in 2013 by software developers Billy Markus and Jackson Palmer as a way to mock bitcoin and the numerous other cryptocurrencies boasting ambitious plans to take over the world.

There are currently very few applications for the token. Even though more businesses started taking dogecoin last year, it still hasn’t reached the level of acceptance required to be used as a true currency substitute.

Due to these restrictions, the rise in the value of dogecoin seems to be entirely speculative. Dogecoin is valuable because others think it is valuable.