Fun

News Feed - 2023-07-25 10:07:01

Savannah Fortis10 hours agoElon Musk says X will offer an ‘entire financial world’ in the coming monthsIn light of Twitter’s rebranding, Elon Musk says users can expect to conduct their “entire financial world” via the X platform in the coming months.4856 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksElon Musk shared an update for users with more information on Twitter"s rebranding to X, saying it’s part of a larger plan to incorporate financial services on the platform. 


On July 25, Musk tweeted that his  X Corp enterprise acquired Twitter in the name of freedom of speech and to advance the development of his “everything app,” also to be called “X.” He hinted that in the coming months, users can expect to conduct their “entire financial world” on the platform.Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply a company renaming itself, but doing the same thing.

The Twitter name made sense when it was just 140 character messages going back and forth – like…— Elon Musk (@elonmusk) July 25, 2023


He also mentioned the addition of “comprehensive communications” together with the financial services and extended posts did not fit the original ethos of Twitter and, therefore, merited the name change. 


The platform’s branding lost its blue bird and shifted over to an “X” symbol on July 24.


In an interview, Musk said that if executed correctly, X has the potential to encompass “half of the global financial system” with plans for banking, payments and more. Some have likened the potential of the X app to be akin to China’s WeChat.X is finally arriving!

X will be an "everything app" i.e. super app for U.S. (like WeChat of China)

• Social: network, msgs, video, content

• Finance: banking, payments, data

"Overtime it would be HALF of global financial system" - Elon Muskpic.twitter.com/wWywAdYRZR— Brandon Hoffman (@BrandonHoffman_) July 14, 2023


Prior to public awareness of the rebranding, Musk had been advocating for the integration of financial services onto the platform since he acquired it for $44 billion back in October 2022. 


In April, hebriefly changed Twitter’s logo to Doge, which caused the memecoin Dogecoin (DOGE) to surge 20% in the hour following the stunt.


A few weeks after, CNBC reported that Twitter would introduce a new feature, in partnership with fintech platform eToro, that would allow users to trade cryptocurrencies and stocks on the platform.


Related:TikTok launches text posts feature to rival Twitter and Threads


Shortly after the rebrand, users noticed the Doge symbol had been added to Musk’s profile, which sparked rumors among the crypto community of a potential Dogecoin integration for payments on the platform.


Despite Musk’s ongoing relationship with the crypto community via his championing of the memecoin, Crypto Twitter had mixed reactions to the rebranding of the platform.


Some in the community called the decision “insane” and that they would still call the platform by its old name, while others suggested keeping the Twitter name and using X as a wallet for the platform.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Tokenizing music royalties as NFTs could help the next Taylor Swift# Twitter# Business# Finance# Financial Services# Elon MuskAdd reactionAdd reactionRelated NewsWhat are NFT royalties, and how do they work?Sotheby’s blockchain Gen Art program shows tech taking a back seat to artAI and dot-com bubble share some similarities but differ where it countsElon Musk accuses Mark Zuckerberg of cheating: Twitter vs. ThreadsCrypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and moreThreads copies Twitter again, introduces ‘rate limits’ to combat bots

News Feed

Brayden Lindrea7 hours agoLido assures LDO, stETH tokens remain safe despite flaw in token contractThe “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the
iExec Launches Oracle Factory Allowing Anyone To Create Custom Oracles in Minutes
iExec Launches Oracle Factory Allowing Anyone To Create Custom Oracles in Minutes press release PRESS RELEASE. Using the iExec Oracle Factory, developers are able to create their ow
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Si
Anthony Clarke10 hours agoBlockchain improves charity transparency — But is it right for everyone?Can blockchain technology actually help to improve transparency within charities?307 Total views11 Total sharesListen to
Busking for Bitcoin: Report Finds Street Performers Depend on Digital Payments
Busking for Bitcoin: Report Finds Street Performers Depend on Digital Payments Street performers, or buskers, are leaning more toward digital platforms these day
Coinbase expands asset recovery tool to Polygon and BNB Chain
Zhiyuan Sun3 hours agoCoinbase expands asset recovery tool to Polygon and BNB ChainThe cryptocurrency exchange will charge a 5% commission for retrievals above $100.900 Total views34 Total sharesListen to article 0:00New
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions The Ministry of Finance of the Russian Federation has revised a draft law designed to
Turner Wright5 hours agoCrypto user moves $160M in Bitcoin from Luna Foundation Guard wallet: ReportBlockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, wit
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’ While the cryptocurrency prices dropped toward the end of the
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added The Nigerian central bank digital currency (CBDC) wallet app is set for an update tha
Crypto has more potential than stocks, real estate — Kraken survey
Ezra Reguerra10 hours agoCrypto has more potential than stocks, real estate — Kraken surveyOver 70% of survey respondents prefer coins like Bitcoin, while the rest indicated an interest in emerging coins and memecoins.
KuCoin responds to claims of user funds being locked
Ezra Reguerra10 hours agoKuCoin responds to claims of user funds being lockedA KuCoin representative told Cointelegraph that it is already communicating with users to resolve the cases reported on Reddit.2850 Total views