Binance Invests $500M to support Elon Musk’s Twitter acquisition
According to data from the US Securities and Exchange Commission, major crypto exchange Binance and 18 other co-investors participated in Elon Musk’s $44 billion acquisition of Twitter. On May 5, Musk filed a revised general statement of acquisition, indicating that Twitter had acquired new finance commitments totaling $7.2 billion in conjunction with the merger deal, […]
Mark Cuban suggests Dogecoin as solution to Twitter’s crypto spam adverts
Mark Cuban has suggested using Dogecoin as a solution to spam adverts on Twitter following a complaint from American entrepreneur Marc Andreessen about someone faking his name on Twitter to promote a “free crypto” giveaway. Andreessen wondered aloud, “What algorithm could possibly catch this type of content?” Tesla CEO Elon Musk responded, “human” igniting a […]
Twitter suspends Aave’s founder account for allegedly spreading FUD
After a recent message by Aave’s founder that went viral on Twitter, Stani Kulechov has been banned from the platform as his tweet appeared to spread fear, uncertainty, and doubt (FUD). The move was said to be done to reduce “FUD.” “Breaking: Joining Twitter as interim CEO.” states the message, which can no longer be […]
Stripe Connect Partners With Twitter To Allow Payments In Crypto
Stripe Connect announced Twitter as its first business partner, allowing some content creators on the social media network to receive their revenues via crypto-based rails. The announcement comes amid speculation about Twitter’s future, with Tesla CEO Elon Musk reportedly attempting to take the business private. While Twitter is the first company to work with Stripe […]
Stripe pilots crypto payouts with Twitter
Stripe connect is introducing the crypto payouts feature which will pilot on Twitter, a select group of creators on Twitter will be able to use cryptocurrency-based rails to receive their earnings from Twitter. According to an announcement made today, financial services firm Stripe will allow payments in the USDC stablecoin on the Polygon blockchain. Stripe […]