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Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter
6.5.2022
Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk....
Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company
25.4.2022
On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter will transition to a private company. Musk Acquires Social Media Platform Twitter — Aims...
Report: Twitter Engages in Negotiations With Elon Musk, Analyst Says Unless a Second Bidder Appears Musk Will Acquire the Company
25.4.2022
According to multiple reports stemming from people familiar with the matter, Twitter has been engaged in negotiations with Elon Musk over his proposal to purchase the social media platform for $46.5 billion. Sources detail that a number of Twitter shareholders allegedly reached out to...
Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds
23.4.2022
Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process. Elon...
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter
22.4.2022
On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform...
Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’
6.4.2022
Tesla and Spacex CEO Elon Musk has joined Twitter’s board of directors and promised to “make significant improvements” to the social media platform. Some changes he is considering include adding an edit button and solving the crypto spam bot problem, which he sees as...
Tesla CEO Elon Musk Takes Stake in Twitter — Analyst Says It Could Lead to a Buyout
4.4.2022
Tesla CEO Elon Musk has taken a stake in Twitter Inc. after stating that he is “giving serious thought” to building a new social media platform — one that prioritizes free speech. An analyst says this could eventually lead to a buyout. Elon Musk’s Stake in Twitter Tesla...
Elon Musk Giving ‘Serious Thought’ to Creating Social Media Platform With Free Speech as Top Priority
28.3.2022
Tesla and Spacex CEO Elon Musk says that he is “giving serious thought to” creating a new social media platform with free speech as a top priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally...
Russian Social Media Network Vkontakte to Introduce NFT Support
21.2.2022
Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate...
Youtube Seeks Web3 Director With Experience Trading Crypto, According to Recent Job Listing
16.2.2022
Youtube, the online video sharing and social media platform owned by Google, is hiring a director to work with Web3 technology, according to a job listing published on Linkedin. While Youtube requires 15 years of product management experience, the company prefers a candidate that is familiar with...
Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes
11.2.2022
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes...
Aave launches Web3 social media platform, Lens Protocol
9.2.2022
Aave intends to empower content creators to "own their digital roots" and calls on developers to build a more sustainable smart contracts-baed social experience
Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
9.2.2022
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops...
Bastyon Inventor Daniel Satchkov Explains the Importance of Using an Open Source Social Media Platform
23.1.2022
Bastyon.com is a social platform built on the Bitcoin foundation. It is decentralized with no central serve. Bastyon’s codebase is open source, and everything is governed by the users themselves. Bastyon’s core concept is censorship resistance. It can work even with domains...
Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’
22.12.2021
Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media...
Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO
21.12.2021
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram...
SEC Denies Freedom of Information Act Request Concerning Tether Documents
26.9.2021
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests...
Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund
5.8.2021
PRESS RELEASE. Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion. 5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media...
Tiktok Bans Users From Promoting Cryptocurrencies
10.7.2021
Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content...
The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad
9.6.2021
PRESS RELEASE. Torum prepares to launch an NFT launchpad from its unique DeFi & NFT-infused social media platform, following successive fundraising achievements. 9th June, 2021, Kuala Lumpur, Malaysia — Torum, the first DeFi, and NFT-infused crypto social media platform is now going...