This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more. Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese…
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Contributors from 44 countries are tasked with vetting the information being shared on posts that draw greater attention and are often subject to being picked up by mainstream media. Tech entrepreneur Elon Musk’s Twitter (rebranded to X) added contributors from 18 new countries to ensure the accuracy of the information being shared on the platform.…
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Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token. July 24 marked Twitter’s rebrand to…
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Amid the new changes to the online social media platform now known as X, users have begun to debate on what to name the iconic posts formerly called tweets. The social media platform formerly known as Twitter began its metamorphosis from its iconic blue bird, tweet-centric operations, to its new form as ‘X’ on July…
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The Twitter user who originally registered the @X handle had their profile forcibly changed after Elon Musk rebranded the social media platform to X. Twitter is currently undergoing a rebrand to X, after owner Elon Musk grabbed headlines when he announced that the 17 year old social media platform he acquired last year would have a…
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After surging more than 10% on Tuesday, its biggest one-day gains since early April, Dogecoin (DOGE) has succumbed to profit-taking on Wednesday and was last trading around 3.5% lower. Dogecoin hit its highest level since April on Tuesday around $0.084 as traders bid the meme coin up on hopes it will be integrated as a…
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Blue chip cryptocurrencies are going sideways as investors await the US Federal Reserve’s upcoming policy announcement, with a 25 bps rate hike to 5.25-5.5% widely expected by market participants. The Fed’s tone on the likelihood for further interest rates hikes later this year will likely be the main catalyst for price action in the crypto…
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Dogecoin (DOGE) is pumping. The world’s largest meme cryptocurrency by market capitalization, which is an independent decentralized crypto network in its own right, jumped another 10% on Tuesday, taking its weekly gains to nearly 15%. Dogecoin has been pumping ever since Elon Musk’s rebrand of Twitter to X, which is touted to be an “everything”…
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According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars. Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upward of $100 million in dealing with litigation as a result…
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Just 20 days after Mark Zuckerberg’s Meta launched Threads to rival Elon Musk’s X, TikTok joined the race by allowing users to create and post text-based content. Social media giant TikTok announced a feature launch aimed at dethroning Twitter (recently rebranded to X) as the go-to text-based social media platform. Just 20 days after Mark…
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