Category: Twitter



Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen


Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly StolenA number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums, bitcointalk.org, Twitter, and other public venues. The owner of […]



Researcher Finds an Old Twitter Profile May Have Been Satoshi Nakamoto’s Account


On February 22, 2021, an author published a post on substack.com about an anonymous Twitter account that may have belonged to the mysterious Satoshi Nakamoto. The researcher discovered a Twitter account dubbed ‘Goldlover,’ and found some interesting coincidences with the account’s tweets and Bitcoin’s creator. The Curious Goldlover Tweets An author called Varun published an […]




$50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge


Tesla’s stock fell 7% following its announcement that it invested $1.5 billion of its cash reserves in the cryptocurrency.

Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction.

Since Tesla’s announcement on Monday, the electric car giant’s stock price has dropped 7% from $869.52 ($834.6 billion market cap). It is currently trading at $811.66 ($779 billion market cap).

While there may be other factors behind the share price drop, some investors, such as Baker Avenue Wealth Management chief strategist King Lip, are concerned that holding 8% of the company's cash reserve in a volatile asset is an unnecessary risk, stating:

“It will add volatility to the stock due to exposure to Bitcoin. This is better for Bitcoin than it is for Tesla.”

Tesla stock has been known to disregard the opinion of financial analysts in general with financial magazine Barron’s stating no more than 40% of analysts have rated its shares a ‘Buy’ since 2018.

Former Bernstein analyst and Bitcoin skeptic Gary Black stated two weeks earlier that he would sell his Tesla stock if they added Bitcoin to the balance sheet. True to his word, he announced his exit on Twitter, but also added that he will get back in:

Only 90 minutes later he revised his prediction for the carmaker’s stock to $960 dropping only $40 from the previous estimate of $1,000. This led some Twitter users to question if he really believes his figures since he had just exited his position.

Included in the sell-off was Elon Musk’s younger brother and Tesla director Kimbal Musk, who sold 5% of his shares for $25.6 million. Another director, Antonio Gracias, also sold more than 150,000 shares one day after the Bitcoin announcement, according to securities filings.

Despite the timing, there is no evidence that these sales are related to the recent Bitcoin news. And for that matter, it's unclear of what impact the Bitcoin buy had on the share price, given news also broke this week that Tesla had been called in by Chinese government regulators for talks over quality issues in its electric cars.

It's also clear that not all stock investors are Bitcoin-adverse. Social giant Twitter’s stock surged following comments that the firm might soon buy into Bitcoin. During an interview on CNBC’s Squawk Box on February 10, the tech firm’s chief financial officer Ned Segal said the company is considering adding the cryptocurrency to its own books and using it for Twitter employee’s salaries.

In the two days following the interview, Twitter stock rose almost 15% from $59.88 to $68.56, just shy of its all-time high of $69.

Similarly, MasterCard stock surged 4% following the announcement that it will support multiple cryptocurrencies on its network this week.

Big companies investing in Bitcoin will not necessarily translate to a much higher market cap: if Apple, Microsoft, Facebook, Twitter, MasterCard, and Google were to invest 8% of their cash reserves in Bitcoin, this would only translate into less than US$8 billion investment in total. That's less than 1% of Bitcoin’s current market cap. However, the signal it sends would likely drive other companies and retail investors to jump on the bandwagon.




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.



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, […]









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.



By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close