Category: Social Media



Twitter Stock Jumps 20% Following Reports the Company Is Weighing the Possibility of Adding BTC


Twitter Stock Jumps 20% Following Reports the Company Is Weighing the Possibility of Adding BTCBuoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the stock had been trading at just under $60 on Feb. 9. At the time of writing, Twitter’s market capitalization stood […]



Billionaires pushing crypto: Mexico’s third-richest person changes Twitter bio to include Bitcoin


Elon Musk continues pumping DOGE while Ricardo Salinas Pliego sticks to Bitcoin.

Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media.

The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include the Bitcoin (BTC) hashtag. Crypto Twitter users and some of Salinas' more than 840,000 followers reported noticing the change Saturday around the time the price of the crypto asset surged to more than $40,000 for the first time in 23 days.

Speaking to Cointelegraph in December, Salinas revealed he had first purchased Bitcoin at $200 in 2013, later selling during the 2017 bull run when the price reached the $17,000s. He described the crypto asset as his “best investment ever.”

In November, Salinas said that 10% of his “liquid portfolio” is invested in BTC, with the remaining “in precious metals miners.” The 65-year-old billionaire bought in before the price of Bitcoin surged to new all-time highs in December and January, more than doubling his investment. He has said he isn’t planning on selling off any crypto holdings for at least five years.

Salinas is not the only billionaire using social media to push crypto recently. Today SpaceX CEO Elon Musk continued his push of the cryptocurrency Dogecoin (DOGE). Musk has targeted DOGE users in recent weeks as the token became entangled in a pump-and-dump effort by Reddit traders and investors. The price of DOGE has risen almost 600% in the last 30 days.

At the time of publication, the price of Bitcoin is $38,078, having dropped more than 5% in the last 24 hours.


Former South Korean Social Media Giant to Relaunch Its Business by Creating a New Ethereum-Based Token


Former South Korean Social Media Giant to Relaunch Its Business by Creating a New Ethereum-Based TokenA social media giant that significantly impacted South Korea’s internet influence in the early 2000s is set to take a second breath. The company plans to regain its popularity by launching a new cryptocurrency. New Ownership Reportedly Got Over $7 Million From Investors to Rebrand Cyworld According to Hanguk Kyungjae, Cyworld is paving the ground […]


Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’


Elon Musk has tweeted that dogecoin is people’s crypto shortly after the billionaire pledged to go off the social media platform for while. Incidentally, the token, which traded at $0.0411 on February 3, surged to $0.0588 just as Musk was tweeting. However, at the time of writing, the token appeared to have retreated to $0.0541, […]




Purging Today’s Freedom Activists: Why Big Tech’s Censorship Isn’t Directed Solely at Trump Supporters


Purging Today’s Freedom Activists: Why Big Tech’s Censorship Isn't Directed Solely at Trump SupportersThere’s been a lot of unrest in the U.S. and just before the presidential election’s electoral vote, Big Tech took action and censored a great number of individuals and even competing social media platforms. Moreover, even after President Biden’s first few days in office, social media apps continued to purge dissent. On January 22, Facebook […]


Noise.cash: Social Microblogging App Fueled by Bitcoin Cash Tips Gathers Traction


Noise.cash: Social Microblogging App Fueled by Bitcoin Cash Tips Gathers TractionFor quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to […]



Crypto leaders worry over threat to industry from ‘big tech’ censorship


Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service.

A change to WhatsApp’s terms of service has triggered a mass exodus from the messaging platform to more private and independent rivals like Telegram and Signal, which have registered millions of new users over the last week. 

Rather than agreeing to new terms specifying the app’s right to share user data with Facebook, millions of WhatsApp users simply gave up using the platform, abandoning it for less-intrusive competitors. Telegram alone has been downloaded 25 million times in the last 72 hours.

Some of those new sign-ups include refugees from the free speech platform Parler, looking for a way to connect and organize after the right-wing Twitter alternative was suddenly yanked offline by hosting services provider Amazon Web Services (AWS).

The ability of web hosting giants like AWS to unilaterally close down sites and infrastructure has some in the cryptocurrency industry worried for the future health of blockchain-related projects.

Ethereum co-founder Vitalik Buterin described Parler’s takedown as “very worrying” in a series of tweets, noting that AWS was much more of a “common infrastructure provider” than a social media site. Buterin also expressed a certain level of dismay over Twitter’s decision to permanently ban President Donald Trump from its platform:

“The fact that so many people who would normally never support such corporate power are now cheering tech CEOs running roughshod over democratically elected officials deserves some introspection…”

In the past, estimates have suggested that around 60% of Ethereum nodes run on AWS.

EOS and Bitshares co-founder Daniel Larimer recently called for the mass abandonment of big social media platforms prior to the takedown of Parler. He correctly predicted that it may have been the “last chance” to download certain social media apps. Larimer recently quit his position as CTO at EOSIO developers block.one, vowing to work on censorship-resistant platforms which he believes will become increasingly important as more people find themselves banned or suspended from traditional platforms.

Other crypto projects are wary of the centralized nature of tech giants like Amazon and anticipate problems relying upon them. The decentralized liquidity network THORChain, for example, incentivizes nodes running its software to avoid AWS by awarding them extra perks for using alternative service providers.

Decentralized solutions providers, like domain name server Handshake, are censorship-resistant in that they avoid reliance on classical processes for domain name resolution. Pirate academic journal archivists Sci-Hub switched DNS providers using Handshake, as mentioned by Buterin.

Censorship concerns aren’t the only reason why reliance on a single hosting service provider poses risks to crypto-based services. In November, AWS outages affected Coinbase, causing users to have problems logging in to and navigating their accounts.









The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations


The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease OperationsThe US Securities and Exchange Commission (SEC) has issued a cease and desist order against Shipchain and ordered it to pay a penalty of $2.05 million. Additionally, the regulator has directed Shipchain, a shipping and logistics company, to transfer Ship tokens in the possession or control of the company’s directors to a “fund administrator.” Unregistered […]

The post The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations appeared first on Bitcoin News.


Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported


Pornhub's Premium Services Now Default to Crypto Payments, 13 Digital Assets SupportedDuring the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment processor now defaults to cryptocurrency only. Pornhub is by far the largest adult […]

The post Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported appeared first on Bitcoin News.



Microsoft Report says Nation-State Hacker Group is Leveraging Cryptocurrency Techniques to Stay Under the Radar


A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for the attackers to monetize compromised networks. Bismuth is reportedly backed by the Vietnamese government. […]

The post Microsoft Report says Nation-State Hacker Group is Leveraging Cryptocurrency Techniques to Stay Under the Radar appeared first on Bitcoin News.


Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader


Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto TraderThe Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the […]

The post Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader appeared first on Bitcoin News.


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