The study also questioned whether FTX or Alameda had any role in coordinating Twitter bot activity for its own gain. Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug.…
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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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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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Musk said in a recent interview that if done right, X has the potential to become half of the global financial system. The popular social media platform Twitter officially rebranded to X after months of teasing by its former CEO, Elon Musk. The rebranding saw the popular social media app ditch its recognizable bird logo…
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Tesla’s Q2 2023 Update reveals that the American electric car and clean energy company refrained from selling any of its bitcoin (BTC) or cryptocurrency holdings in the previous quarter. For the past three quarters, Tesla has maintained a digital asset portfolio worth approximately $184 million. Tesla Holds Steady on Bitcoin in Q2 2023, Maintains $184M…
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