A crypto market analyst with more than 63,000 followers has come under fire for allegedly photoshopping numerous screenshots to give the impression that his trades were more successful than they actually were. A Twitter user going by the alias of “King” posted purported screenshots on March 14 which allegedly show that Jacob Canfield, the self-proclaimed “#1 cryptocurrency analyst” on Twitter, has consistently manipulated images depicting the performance of his trades. Crypto analyst accused of altering more than 10 screenshots of trade performances Responding to the “mob mentality” on Twitter, Jacob Canfield publicly admitted to photoshopping “a handful of trades” posted …
During the mainstream market’s current decline, investment advisors are giving out a myriad of advice, with some even mentioning Bitcoin (BTC). Morgan Creek Digital co-founder and partner, Anthony Pompliano, or “Pomp,” tweeted an inquiry to his followers, asking what their financial advisors have told them recently, given the current falling market. Some Advisors say buy during market decline Amid coronavirus concerns and oil trade events, traditional markets have taken a hit over the last few weeks. According to an age-old adage from investing legend Baron Rothschild, investors should look to buy during down markets. “Buy when there’s blood on the …
Investment management firm Elliott Management has set up a deal with Twitter to save Jack Dorsey’s role as CEO of the social media network. Following the deal closure — which considers a $2 billion share buyback — Elliott will gain a seat on Twitter’s board of directors, NBC reported on March 9. As part of the agreement, private equity firm Silver Lake will invest $1 billion in Twitter and also get a seat on the board. Twitter’s board of directors will continue to look for a third board member. Commenting on the deal, Dorsey ostensibly said: "Silver Lake’s investment in …
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week India’s Supreme Court overturns controversial ban on banks servicing crypto firms There’s a lot to chew concerning movements in the crypto markets, but the first story is of a different kind. A controversial ban that prohibited banks from dealing with crypto-related companies in India has been overturned by the country’s Supreme Court. The Reserve Bank …
While Twitter CEO Jack Dorsey could potentially be ousted by investors, at least two major figures in the crypto industry have already voiced support for the exec. Vitalik Buterin, co-founder of major cryptocurrency project Ethereum, and Tesla CEO Elon Musk, who is known for his active endorsement to crypto, do not want Dorsey to step down from his position at Twitter. Musk simply stated: “Just want say that I support @Jack as Twitter CEO. He has a good [heart].” Buterin specifically questioned the competence of a new potential CEO that would replace Dorsey, saying: “I also #StandWithJack. Twitter certainly has …
Square Crypto, the payments company launched by Twitter founder Jack Dorsey, is now officially supporting Bitcoin (BTC) development through a grant program. This formalizes the already significant contributions made by the company toward the cryptocurrency. Through a March 4 announcement, the company announced that the Square Grants program would be made publicly available. Two developers had already received grants: BTCPayServer received $100,000 to continue development of its open-source payment processor, and a pseudonymous developer received an undisclosed sum in connection to Lightning Network development. With the announcement, Square revealed to have also granted undisclosed amounts to Jon Atack and Tankred …
Data scientist Geoff Golberg has sued Twitter for banning his account after he used insulting language toward a bot. Golberg, the co-founder of blockchain analytics company Elementus and an academic at the University of Colorado, was banned from Twitter on July 29, 2019, for engaging in “abusive behavior.” In the lawsuit, Golberg emphasizes that the very existence of the inauthentic account violated Twitter’s terms of service. He states he was banned for using the words “idiot” and “moron” specifically. The case was prepared by crypto legal veterans Stephen Palley and Preston Byrne of Anderson Kill. The plaintiff is seeking damages …
Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated Feb. 28, the Elliott Management founder and activist investor is concerned about Dorsey’s time being split between two $5 billion-plus companies, and his desire to move to Africa. Singer questions Dorsey’s focus The $40.2 billion hedge fund managed by Singer took a major stake in the social media giant recently and has already nominated four replacement directors to Twitter’s board according to reports. Dorsey has previously faced criticism for his role as CEO of two publicly listed companies; …
Crypto data site CoinMarketCap hosted a “live” ask me anything, or AMA, session on Twitter with company CEO and founder Brandon Chez — but the session only included Chez on Twitter standby posting comments, not on video. “I do value my privacy, but [am] not completely opposed to trying more of a live format in the future,” Chez said in a tweet when asked if the AMA format was for anonymity or privacy purposes. “We'll see how this AMA goes,” he added. Chez appears quite private The AMA’s format lines up with Chez’s reputation as someone who prefers to lay …
Bitcoin (BTC) hitting $10,000 catapulted it back into mainstream consciousness — but internet consumers were paying attention before, data shows. Statistics from monitoring resource Bitinfocharts reveal that in early February, mentions of Bitcoin on Twitter alone spiked to two-year highs. 75,000 Bitcoin tweets per day At the time, BTC/USD traded at around $9,400, having reached its highest level since September 2019 several days previously. Tweets including Bitcoin reached 75,000 on Feb. 2, a huge contrast to standard behavior and the most since early 2018, as markets digested Bitcoin’s precipitous fall from all-time highs of $20,000. Subsequent days saw considerably fewer …
As of 19:30 UTC on Feb. 13, the Twitter account of the co-founder of Morgan Creek Digital and noted crypto personality Anthony Pompliano was suspended, only to return to action within a matter of hours. A short suspension, possibly for pitching Given Pompliano’s position within the crypto community — where he is often known by the moniker “Pomp” — the suspension was the subject of a great deal of speculation during the short time that the account was actually offline. One Twitter user noted that earlier that day, Pompliano had used a viral tweet from Democratic Presidential hopeful Mike Bloomberg …
Wikipedia co-founder Jimmy Wales has expressed skepticism regarding top-10 digital currency Bitcoin SV (BSV), claiming that the coin “offers nothing for Wikipedia.” Wales made his statement right after the team behind the CoinGeek London conference — which promotes Bitcoin SV to stakeholders — announced his participation as a keynote speaker. Wales’s questionable participation “Until the emergence of Bitcoin SV (BSV) to reclaim Bitcoin’s original design, no blockchain had the scalability to power micropayments to efficiently reward better user information and handle the staggering amount of data Wikipedia carries,” the speaker announcement read. However, Wales responded with a tweet on Feb. …