Crypto Twitter’s highlights in this week’s: Changes and Updates in Crypto Twitter and Beyond
Crypto Twitter, and Twitter in general, is experiencing yet another innovation from Elon Musk. Well, maybe he is indeed doing a good deed for humanity, as he believes. But what are we left with in this situation? Well, let’s hope that everything will eventually return to normal, and we’ll be able to scroll through our feeds on our gadgets to the fullest. Just remember April 1st and the change of the bird logo to DOGE. As they say, hope dies last.
The changes were made to “address extreme levels of data scraping & system manipulation,” Musk tweeted.
The most important news came from Buckingham Palace on Thursday, when the British King Charles signed his consent to a reform bill that now recognizes cryptocurrency trading as a regulated activity. Similarly, European parliamentarians announced their own regulatory reforms focused on cryptocurrency. Users not discussed this news.
A lot of attention was given to the removal of the decentralized social network Damus from the App Store by Apple. Apple gave Damus two weeks to remove the Bitcoin tipping feature (using the second layer Lightning Network) and bring the app in line by integrating it with Apple’s own internal payment mechanism. On Monday, Damus tweeted that they updated their app to comply, but were still removed from the store.
The next day, Bitcoin enthusiast and CEO of Block, Jack Dorsey, criticized Apple for encroaching on the financial freedom of users and creators. Coinbase CEO Brian Armstrong supported his argument. Brian Armstrong also accused the US of “squandering early leadership” in adopting and regulating cryptocurrency before reiterating his constant call for reasonable regulation. Coinbase is a registered US exchange, but it has been expanding to other territories due to a stringent domestic regulatory climate.
As for the news in Crypto Twitter from many projects, I want to tell that most projects are still striving to develop fully and delight users with new possibilities. I have already mentioned some of them in an article that deserves your attention.
Exchanges and many projects delight the community by announcing airdrops and retrodrops, various collaborations, and many teams inspired by Vitalik Buterin create opportunities for users to receive Soulbound Tokens (SBT). Many people follow trends and keep up with the times by creating their own Twitter accounts. We must give credit not only to project creators but also to marketing teams because it is just as important as any other job.
🐙Kraken
One shining example I want to highlight is Kraken, which partnered with Williams Racing and delighted readers with posts about the opening of the fan zone. Kraken is one of the world’s leading cryptocurrency platforms, offering over 210 digital assets and an NFT marketplace.
To participate in the campaign, join the exclusive F1 fan club and showcase your coveted NFT with Williams Racing. Later this year, selected Kraken NFT owners will have the unique opportunity to see their digital collectibles on the rear wing of a Williams race car. The platform recommends NFTs from various projects, which are already available on their platform.
🕊️WhiteBIT
Another active exchange on Twitter, with its own community, is WhiteBIT. The team has long-established itself as a market leader and continues to delight users with new updates. This time, the news was about a retrodrop, entry into the Polish market, and the launch of the WB Soul Ecosystem. WhiteBIT is one of the largest cryptocurrency exchanges in Europe, operating since 2018, and in August of last year, they launched their own token (WBT) and are preparing for the Mainnet launch.
Users in their tweets have been reposting the famous meme with the Lion King all weekend, and many are already sharing their victories in Testnet participation and receiving WBT.
🌌Coordinape
One of the most talked-about news is that the digital community platform Coordinap is launching CoSoul, which allows users to create a digital resume online.
Coordinape, a digital platform that helps DAOs manage and distribute resources to working contributors, has worked within Web3 workplaces for the past two years to add new methods of decentralized payment and management. In August, Coordinape rolled out CoVaults, smart contracts that allow DAOs to pay their contributors with ERC-20 tokens.
“We think that work history will live on-chain for digital communities and digitally native organizations (like DAOs), as a record of provable interactions between individuals, teams, orgs, etc.,” said Zemm(the pseudonymous co-founder of Coordinape). “For contributors using Coordinape, this is an early primitive that we think can add to the space and story of someone’s work and collaborations, and in a manner that will become more sovereign and provable than has been done before.”
Conclusion
As the crypto community on Twitter continues to be influenced by prominent figures like Elon Musk, we can only hope for the best outcome. After all, no one knows what goes on in the mind of someone with such power and what motives drive them.
Recent news has brought a significant variety of developments that impact the crypto space and community. For instance, the reform that recognizes cryptocurrency trading as a regulated activity and the removal of the decentralized social network Damus from the App Store. Well-known figures in the crypto space, such as Jack Dorsey and Brian Armstrong, express their concerns about encroachments on financial freedom and the need for reasonable regulation.
Amidst these changes, various projects strive to bring new possibilities to users, with exchanges like Kraken and WhiteBIT leading the way. Moreover, Coordinap’s launch of CoSoul allows users to create digital resumes online, reflecting the ongoing integration of work history into blockchain-based digital communities and decentralized organizations. As we navigate these developments, hope remains a guiding principle, and the crypto community continues to evolve with exciting advancements and collaborations.
