$86,586.00
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0.68%$0.729378
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0.66%$2,000.50
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0.06%$3.60
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6.05%$1.00
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3.97%$4.68
0.05%$92.32
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1.68%$2,002.69
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0.00%$14.08
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0.35%$6.77
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6.18%$2.97
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2.53%$0.910366
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0.12%$0.100789
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0.67%$3.94
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1.69%$3.07
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0.00%$0.601181
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3.35%$0.00001394
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3.15%$2.31
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0.81%$1.00
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1.91%$1.081
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2.72%$86,388.00
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1.68%$1,983.89
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1.32%$0.03090007
0.28%$2,004.78
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2.04%$24.14
0.16%$0.213814
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7.43%$0.00567046
2.71%$0.472984
3.05%$0.03368958
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0.33%$0.743911
1.26%$0.00277437
19.04%$0.334232
8.91%$1,738.50
-1.62%$0.62417
-0.14%$0.27898
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0.01%Reading
Twitter continues to persist in its push into the payments space.
CEO Elon Musk wants Twitter payments to be primarily in fiat currencies, but engineers will build the payments product in such a way that crypto payments could be added in the future, Financial Times has reported.
Dogecoin—a cryptocurrency Musk has previously pumped—saw a spike in price after the news was announced Monday, sending DOGE from $0.08 to $0.09. DOGE has since settled back to roughly $0.08, according to CoinGecko data.
DOGE continues to be impacted by Musk, with its price seeing gains when Musk finds success and its price falling when Musk struggles.
Doge and Mask go wild https://t.co/Hoj9fV9W7v pic.twitter.com/RNMHQd7siv
— db (@tier10k) January 30, 2023
The price of Dogecoin dropped more than 10% today and is currently trading at $0.07 following Elon Musk's latest Twitter Poll asking if he should step down as the head of the social media platform. Should I step down as head of Twitter? I will abide by the results of this poll. — Elon Musk (@elonmusk) December 18, 2022 The crypto market and broader tech industry have taken a pounding recently due to fears of a recession and the collapse of several prominent companies, including FTX. Bitcoin, E...
Since taking over the social media site late last year, Musk has been exploring ways to monetize and reimagine Twitter as a social payments platform. Twitter registered as a payments business in November 2022 and is developing a “Coins” feature that allows users to pay with fiat to receive virtual Coins that can be redeemed to give users “Awards” for content, similar to Reddit. On Twitter, users will be able to pay for Coins using the payment platform Stripe.
Twitter is also working on a “Coins” menu item that takes you to the purchase screen pic.twitter.com/tSG8msWBGe
— Jane Manchun Wong (@wongmjane) January 10, 2023
Twitter’s Director of Product Management Esther Crawford is overseeing Twitter’s payment products.
Twitter is continuing to develop a new feature that will allow users to give each other “Awards” using “Coins” that can be purchased with fiat currency. According to security researcher and data miner Jane Manchun Wong, Twitter is currently developing a purchase interface and menu item button for Coins, and will use Stripe to process payments in fiat. The news suggests that Twitter’s monetization strategy is continuing to develop, despite losing much of its staff just a few months ago following...
While Twitter Coins will not involve crypto initially, it’s clear Musk doesn’t want to remove that option entirely.
Twitter itself is no stranger to crypto. Although its crypto engineering lead left in November, Twitter still offers NFT “verification” as a part of its Twitter Blue subscription benefits, and users can still tip select creators with Bitcoin payments via Strike. Eligible Twitter users with monetization enabled can also still display their Ethereum and Bitcoin wallet addresses to receive tips.
Crawford previously confirmed to Decrypt that Twitter still does not have a Communications team. She declined to comment on Twitter's plans for its payments products.
Editor's note: This story was updated after publication to include response from Twitter Director of Product Management Esther Crawford.
Crypto-based prediction marketplace Polymarket apologized on its Discord server for what it described as an “unprecedented situation,” after users flagged apparent manipulation of market results by UMA whales. UMA is Polymarket’s oracle system whereby the results of betting markets are determined by recourse to external sources of data, and by staking UMA tokens behind a particular resolution. For example, if there were a market that allowed users to predict whether the sun would rise tomorrow,...
Hailey Welch, better known to the internet as “Hawk Tuah Girl”, will be the subject of a new documentary produced by Bungalow Media + Entertainment, Deadline reported on March 25. The Tennessee native shot to viral fame in mid-2024 after a street interview in which she was asked, “What’s one move in bed that makes a man go crazy every time?”, to which she responded, “You gotta give ’em that ‘hawk tuah’ and spit on that thang!”. The original video has been viewed on YouTube over 9 million times....
BlackRock has launched a new Bitcoin exchange-traded product in Europe through its iShares fund service as issuers push forward on efforts to create crypto-focused products following the success of U.S.-based Bitcoin funds. The iShares Bitcoin ETP (IB1T) is listed on German, French, and Dutch stock exchanges, according to a prospectus on the iShares website. “Each ETP security corresponds to a specific amount of Bitcoin,” the prospectus reads. Decrypt has reached out to BlackRock to learn more....
