Social media giant Twitter is expanding further into the crypto space by setting up a team to look into decentralized applications, cryptocurrencies, and blockchain. According to a Nov. 10 tweet, Interchain Foundation council member Tess Rinearson will be leading a team at the social media company aimed at cryptocurrencies, blockchain, and decentralized technology. Rinearson said her team would be working with Twitter’s Bluesky project on a decentralized social media platform, as well “exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.” I’m thrilled to share that I’ve joined …

Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized social networks that abide by Web 3.0 principles extend far beyond what the idea of “decentralized Twitter” currently encompasses. Beyond mere decentralization, there are four key themes central to the idea of crypto social development: private communication and censorship resistance, moderation, decentralized governance, and secure …

Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O'Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone calls and text messages are rerouted to a device controlled by the scammer) on three separate executives at an undisclosed cryptocurrency company to take control of their employers systems. O’Connor may have then diverted over 7 BTC, 407 ETH, 6363 …

Bitcoin (BTC) investment firm, New York Digital Investment Group (NYDIG), has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million. NYDIG had previously participated in the company's $15.4 million seed funding round in February 2021, a raise which was led by British billionaire investor Alan Howard and saw the company valued in excess of $50 million. Utilizing the Bitcoin Lightning Network, Bottlepay’s mobile application service enables users across the U.K. and Europe to transfer small amounts, known as micropayments, of Bitcoin (BTC) and traditional fiat currencies such as pound sterling …

Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its “official” accounts on the social media platform as suspicious. According to data on CoinMarketCap (CMC), the SQUID token experienced its first downward move on Nov. 1, erasing its entire gains from as much as $2,861 and dropping below $1 in a matter of minutes. At the time of writing, SQUID is trading at $0.0054, down about 99% over the past 24 hours with a trading volume of $13 million. According to CMC, the SQUID token has a “self-reported” market capitalization of $2.8 …

The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equity’s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company’s CEO Tad Park told Cointelegraph. The ETF will be available for trading at market opening under the ticker symbol BTCR. BTCR will open at $21, giving a nod to Bitcoin’s capped supply of 21 million Bitcoin. According to the company, the ETF is implementing a management approach informed by …

The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin (BTC) price dropped to $58,000 in the early trading session. Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange listings have helped buffer them against the wider market downturn. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were 1inch (1INCH), Shiba Inu (SHIB) and Mask Network (MASK). 1inch integrates with …

Back in September, Twitter became the first major social media platform to adopt Bitcoin (BTC) tipping, enabling users to send BTC directly to their favorite content creators through the site’s native frontend. The company also allowed users to send their BTC over the Bitcoin Lightning Network to ensure near-instant settlement times. In response to an analyst's question regarding how cryptocurrencies play into the company's overall global strategy, Dorsey said the following during the company’s third-quarter earnings call on Oct. 26: “It [Bitcoin tipping] allows for much more speed. Both tipping subscriptions are new. These are products that we want to …

The World Blockchain Summit in Dubai hosted an exhibition boxing match between top cryptocurrency traders and influencers for the WBC Crypto Belt. The fights were supported by a charity event, featuring an auction of memorabilia including digital currency assets and nonfungible tokens (NFTs). What started off as a conversation for a friendly match with a small audience, saw the involvement of two-time World Boxing Champion Amir Khan and the Super Boxing League (SBL) as the organizer, in association with ByBit crypto exchange and World Boxing Council. Amir khan crypto fight night. 2 of the biggest crypto traders @RookieXBT vs @loomdart …

American financial service provider Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He said: “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more decentralized this is, the more resilient the Bitcoin network becomes.” Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” …

With the unprecedented interest the crypto industry is seeing right now, a lot of new projects choose to turn to the blockchain and try to attract new audiences. Meanwhile, social media platforms have been one of the best-performing companies over the past couple of years, with some influencers earning millions of dollars. One project unites the best of the two worlds and has launched an app that allows users to share videos of their favorite blockchain and crypto projects. BULLZ, the first video-sharing app, has released its beta version on both iOS and Android, with top creators already joining the …

Twitter, which has seen its user base steadily grow to surpass 185 million users last year, is experimenting with NFTs to allow users to display their collections as their profile pictures. According to Mada Aflak, a senior software engineer at Twitter, the microblogging platform is working on new functionality that will let users import their NFT collections from their wallets on the blockchain. The feature would display a verified checkmark based on the blockchain the NFT has been minted on. As promised, here is the first experiment. Feedbacks and ideas are welcome :) https://t.co/TDyhibCXfG pic.twitter.com/2ifru9T2Pa — Mada Aflak (@af_mada) September …