Značka: twitter

There’s a browser plugin that autoblocks Twitter NFT profile pictures

That was quick. Within 24 hours of the launch of the Twitter nonfungible token, or NFT, profile pictures for iOS update, a github contributor called mcclure has coded up and shared a browser extension that automatically blocks Twitter accounts using an NFT profile picture.The program called NFTBlocker blocks paying subscribers of the Twitter Blue for iOS service who choose to display an NFT as their profile picture. The extension works with Chrome and Firefox on desktop and while an early prototype, “future versions of this plugin will scan your notifications and do the blocking automatically.”But why would someone code up such an extension? According to mcclure’s README, it’s because NFTs are an “investment scam.”They don’t mince their words: “In short, NFT users are just irritating to be around. People who bought NFTs have to keep hyping other people to buy NFTs or the NFTs they bought will lose value. Twitter NFT cliques are rife with sockpuppet accounts, dogpiling and indifferentiable monkey clones. Blocking NFT users just makes Twitter nicer.”The web developer also recommends using the app Better TweetDek to block NFT profile picture users.Related: Crypto and NFTs meet regulation as Turkey takes on the digital futureHowever, mcclure appears somewhat misinformed about the driving force behind Twitter’s pivot to using NFTs. In the README section, Mcclure claims that Jack Dorsey “is invested in cryptocurrency and if Twitter makes NFTs more popular, Jack Dorsey will make money.”While Jack Dorsey is hugely invested in cryptocurrency, he has demonstrated little interest in NFTs since standing down as CEO of Twitter last year. He has dedicated his career to furthering Bitcoin adoption, mining and development under his new role of CEO of Block. He recently announced the Bitcoin Legal Defense Fund as well as Cash App’s integration for lightning payments.

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Crypto Twitter responds to Bitcoin dump: ‘ok cool’

Bitcoin (BTC) has dumped below 40,000, wiping out almost $50 billion from the crypto market cap. Even without any particular news to blame, Crypto Twitter still won’t let the dump slide without reacting in its own colorful ways.Lark Davis, a crypto figure with almost a million Twitter followers asked his audience: “Are you buying anything on this dip? Or waiting for clarity if we go lower or higher?” User french b happily replied that he’s too broke to do anything at this point. Been buying the dip for past 6 months .. I m broke now— french B (@frenchB13852573) January 21, 2022Meanwhile, Frank Sirianni III replied, expressing how he has already accepted this trend where BTC price falls whenever he buys. “I’ve just accepted the fact that after I buy it goes lower. I’m at peace with that now,” wrote the Twitter user.In another area within Crypto Twitter, users Sir Doge of the Coin and Ananthu expressed how they feel through images and a gif of some classic memes.It’s a love/hate relationship#Bitcoin #BTC pic.twitter.com/hfF8EskEnj— Sir Doge of the Coin (@dogeofficialceo) January 21, 2022

Gold bull Peter Shiff and his followers didn’t waste this opportunity to talk smack against BTC, predicting that “a crash below $10,000 is highly likely.”#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.— Peter Schiff (@PeterSchiff) January 21, 2022

Twitter user Manuel Campbell supported Shiff’s FUD by tweeting that he thinks Shiff is still too optimistic with that prediction.In response, Bitcoiners called out Shiff pointing out that his previous predictions weren’t really accurate. Twitter user Max replied to Shiff, “You are wrong every time!” white quoting Shiff’s tweet two years ago. Meanwhile, Microstrategy CEO Michael Saylor also did not miss this opportunity to drop some of his words of wisdom for BTC investors.If you are going to invest in #bitcoin, a short time horizon is four years, a mid time horizon is ten years, & the right time horizon is #forever. https://t.co/rRMz0yCkpN— Michael Saylor⚡️ (@saylor) January 20, 2022

Related: Twitter Blue rolls out NFT profile pics for iOSWhile everyone reacted with varying levels of emotion because of the dump, Crypto Twitter figure Will Clemente remains unfazed. Clemente tweeted, “Just drove for 2 hrs, check my phone and BTC is sub 40K — ok cool.”

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Twitter Blue rolls out NFT profile pics for iOS

On Thursday afternoon, Twitter announced that it would be rolling out iOS support for nonfungible token, or NFT, hexagonal avatars. As of now, only paid subscribers of Twitter Blue using iOS, which costs $2.99 per month, can access the feature. According to a tutorial video, users can connect their wallet, including Coinbase Wallet, Rainbow, MetaMask, Trust Wallet, Argent, or Ledger Live, and set it as their profile pic, with the process taking a few seconds.Users can also learn more about each other’s NFT avatars, such as their owners, creators, description of the series, as well as verification of authenticity on third-party platforms like OpenSea. According to Twitter, the platform does not maintain an ongoing connection with one’s crypto wallet. However, the firm stores one’s public wallet address to ensure that it continues to hold the NFT avatar. Although one can only set it on iOS through Twitter Blue, the NFT profile pic will be visible across all platforms.The functionality of the development is still in the early stages. Twitter currently supports only static images, such as JEPG and PNG files, minted on the Ethereum (ETH) blockchain, including ERC-721 and ERC-1155 token standards. But if one sells or transfers the NFT while still set as profile picture, it will not display any information regarding its ownership when clicked.gm! You asked (a lot), so we made it. Now rolling out in Labs: NFT Profile Pictures on iOS pic.twitter.com/HFyspS4cQW— Twitter Blue (@TwitterBlue) January 20, 2022But any over-enthusiasm would be short-lived. According to Twitter user and blockchain enthusiast @HollanderAdam, the feature appears to work for any NFT in one’s collection— not just those in verified collections. In other words, an internet stranger can simply right-click-save any NFT from a Twitter profile, mint it, and then use it as their avatar. 

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These were the 5 hottest coins on Twitter last week — And their price dynamics

Crypto Twitter is a powerful place. Not only does the online discussion follow the ups and downs of digital assets, but it can also shape price action. Oftentimes, a spike in Twitter attention can anticipate a dramatic increase in an asset’s price. Yet, in other cases, the order can be reversed, or there may be no relationship between price and Twitter chatter at all.To harness the power of Twitter and use it as a tool for profit generation, crypto traders need two things: The first is the ability to quickly spot spikes in social attention around specific assets, while the second is sound judgment to tell if the anomaly is indeed a harbinger of an impending rally. While there are reliable algorithmic tools that cover the first ingredient — such as Cointelegraph Markets Pro’s Unusual Twitter Volume indicator — the latter requires instincts and experience.The following examples of assets that showed the largest week-to-week increase in tweet volume illustrate various scenarios around the relationship between price and Twitter conversation.Cream Finance: The Iron Bank effectCREAM price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The TIECREAM, the native token of decentralized finance project Cream Finance, sported the greatest week-to-week tweet volume increase as conversation around the asset grew 543% more extensive. The reason for the popular excitement was the announcement that holders could stake their CREAM to receive the tokens of the upcoming Iron Bank, Cream Finance’s new protocol-to-protocol lending platform.As visible in the chart, the price hike that began to unfold on Jan. 13 went hand in hand with the intensifying tweetstorm. The discussion peaked on Jan. 14 when 216 tweets referencing CREAM were posted, against a price of around $72. Even as the chatter began to recede, the token continued to add value, breaching $92 on Jan. 15. In this case, the Twitter trend was clearly instructive, as CREAM’s price grew an additional 27% over the two days that followed the tweet volume peak.SwissBorg: Promo leads to a tweet surgeCHSB price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The TIEWhile the price of SwissBorg Token (CHSB) remained in a rather narrow range between $0.52 and $0.57 throughout last week, there was a 521% increase on Jan. 14 in the volume of tweets that mentioned SwissBorg. What was the reason for the uptick? A Jan. 13 giveaway of whitelist spots for nonfungible token (NFT) mints that required liking and retweeting the original post to enter. Having reached upward of 13,000 retweets, it was a successful publicity move, but it had had little effect on the CHSB token’s price, however.Decred: Twitter reacts to a price pumpDCR price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The TIEOne common scenario is an explosion of Twitter attention in response to a dramatic price hike. A case in point is the price of Decred (DCR) vs. its tweet volume last week. Late on Jan. 14, the coin’s market value shot up from around $60 to $86 in a matter of three and a half hours. Social excitement began building up only after the price peak, culminating in a high of 110 tweets the day after, when the price had already corrected to below $70.ZKSwap: Price and tweet volume increase togetherZKS price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The TIEEarly in the week, ZKSwap’s ZKS token saw a modest price increase from $0.27 to $0.29, with the tweet volume peak of 116 posts coming on Jan. 12, ahead of the week’s price high. Although it does not look humongous, this attention spike marked a 370% increase in tweets compared with the week before.FTX Token: Tweet volume peaks ahead of the price peakFTT price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The TIEFTX Token (FTT) had a strong week in terms of price movement, steadily climbing from $36.81 on Jan. 10 to $47.02 on Jan. 16. The asset’s spectacular run didn’t go unnoticed by Crypto Twitter, as the volume of conversation ramped up on Jan. 14 and reached its high-water mark the next day with 313 tweets. FTT’s solid performance continued even after tweet volume peaked. In this case, a spike in social attention could have certainly alerted traders to a profit opportunity.Getting alerted to Twitter anomaliesThose who don’t have time to scroll through their Twitter feed day in and day out can outsource the spotting of sudden spikes in the volume of asset-specific chatter to specialized tools. Markets Pro, Cointelegraph’s proprietary data intelligence platform, automates the process by showing a dedicated panel on the dashboard with five assets that are seeing an unusually high tweet volume.CT Markets Pro’s Unusual Twitter Volume panel, Jan. 20. Source: Cointelegraph Markets ProTweet volume is also one of the components of the VORTECS™ Score, a machine learning-powered indicator that compares historic and current market conditions around digital assets to aid crypto traders’ decision-making. The model takes in a host of other indicators — including market outlook, price movement, social sentiment and trading volume — to generate a score that shows whether the present conditions are historically bullish, neutral or bearish for a given coin.Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial adviser before making financial decisions.

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CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues

A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to the Binance Smart Chain (BNB), Solana (SOL), and Terra Luna (LUNA) blockchains. The staff at Shiba Inu claimed that the addresses were unsafe and that CoinMarketCap had refused to correct the alleged mistake. At the time of publication, the contract addresses are still viewable on CoinMarketCap.Official Statement regarding the recent actions by @CoinMarketCap . pic.twitter.com/DXP2wZRhYC— Shib (@Shibtoken) January 13, 2022Earlier in the day, CoinMarketCap issued a response claiming that the contract addresses listed on the page are wormhole addresses designed to facilitate cross-chain transactions. According to the popular crypto price-tracking site, the staff at Shiba Inu did not go through official channels to contact them and have reached out for greater clarification.Please note that the non-ETH contract addresses on this page @shibtoken are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this assethttps://t.co/IhbNBJkwnf— CoinMarketCap (@CoinMarketCap) January 14, 2022

While Shytoshi Kusama, volunteer project lead for Shiba Inu, did not comment on the issue, the developer retweeted a post from Twitter user @wenfloat, who said:”If you are going to allow scammers to add false contracts in our page (WE ARE ONLY ERC-20), you should delist SHIB. At least you won’t be collaborating with scams. You’ve ignored us for months; where’s your professionalism?”Shiba Inu is known for its stellar token gains over the past 12 months, as well as its (sometimes overly) enthusiastic investors. Last December, former SHIB influencer and Medical Q&A platform Ask the Doctor filed a lawsuit against Shytoshi Kusama, alleging libel, and threatened to reveal his personal identity in court. In response, the site lost approximately 10,000 followers out of 58,000 within hours and had its Twitter posts buried in a flurry of ridicule, along with hundreds of one-star reviews on TrustPilot (most of which have since been removed).

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Jack Dorsey announces Bitcoin Legal Defense Fund

Former Twitter CEO and founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex.The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 00:13:45 UTC on Jan. 12 from an email address appearing to belong to Dorsey. Cointelegraph reached out to the board members to confirm the email’s legitimacy but did not immediately receive a response.The announcement stated the fund will help provide a legal defense for Bitcoin developers, who are “currently the subject of multi-front litigation.” an email to the bitcoin dev mailing list from @jack explaining the Bitcoin Legal Defense Fund pic.twitter.com/y1XY3XG0IR— Zack Voell (@zackvoell) January 12, 2022“Litigation and continued threats are having their intended effect; individual defendants have chosen to capitulate in the absence of legal support,” the email stated, referencing open-source developers who are often independent and therefore susceptible to legal pressure. “We propose a coordinated and formalized response to help defend developers.”The announcement went on to describe the Bitcoin Legal Defense Fund as a “nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects.” “The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills,” it stated.Initially, the fund will include volunteers and part-time lawyers for developers to “take advantage of if they so wish,” although, the email also states that “the board of the Fund will be responsible for determining which lawsuits and defendants it will help defend.”“At this time, the Fund is not seeking to raise additional money for its operations but will do so at the direction of the board if needed for further legal action or to pay for staff.”According to the email, the fund’s first project will be to take over the existing defense of Ramona Ang’s “Tulip Trading Lawsuit” against developers including Ira Kleiman for alleged misconduct over access to a BTC fortune. Related: Nano Foundation Sponsors Legal Fund To Provide BitGrail Hack Victims With RepresentationDorsey, who stepped down as Twitter CEO at the end of Nov 2021, is a long-time proponent of Bitcoin. It remains unclear whether Dorsey left the social media firm to focus on Square’s plans to develop a decentralized Bitcoin exchange. On Nov. 19, the decentralized exchange project called tbDEX released a white paper detailing its plans to create a message protocol designed to facilitate trust relationships without relying on a federation to control access.

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Bitcoin Twitter flips bearish, community responds

As the Bitcoin (BTC) price slides to 2022 lows, the Bitcoin bears have come out to play. Popular names in the BTC space including Sam Bankman-Fried and John Carvalho heeded words of caution overnight, while gold bug Peter Schiff and eternal pessimist CryptoWhale were keen to kick the coin while it was down. A liquidation cascade on Jan. 6 took out more than $318 million BTC positions of which over 88% were long. The price corrected to circa $42,500 per BTC. News of a mining ban in Kazakhstan and the Federal Reserve’s decision to hike rates were likely causes for the slump in crypto market confidence.Long-standing gold proponent and crypto skeptic Peter Schiff tweeted that if “Bitcoin breaks $42K it’s headed to $30K. If it breaks $30K it could crash to $15k. All this might happen very soon.” He encouraged BTC leveraged investors to sell now to avoid liquidation at lower prices. CryptoWhale, a self-proclaimed crypto analyst and perma-bear with upwards of 400,000 Twitter followers, said, “Bitcoin is going under $10K this year. Don’t forget that.” A relentless Bitcoin bear, the account has called for a sub-$10,000 BTC since as early as October last year. Related: Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030The Bitcoin Fear & Greed Index is at lows not seen since 2021 which is usually the time that BTC OG’s clarion calls are sounded. It registered a score of 15 or extreme fear this morning.Sam Bankman-Fried, the CEO of FTX crypto exchange, didn’t exactly assuage investors’ concerns about the bearish woes. He recommended that the best thing to do in a bear market is to build, before hastily clarifying that “down today doesn’t mean down tomorrow.”Finally, the CEO of recently launched Synonym Software, John Carvalho, didn’t mince his words when referring to the recent BTC price movements: EVERYONE must endure the brutal Bitcoin rite of passage of a bear market where their investments are severely under water.This includes Elon, Jack, and Saylor.And you.— John Carvalho (@BitcoinErrorLog) January 5, 2022As he points out, the BTC market can be a baptism of fire for newcomers. It could be some time before the bears return to hibernation.

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Crypto Twitter year in review: 10 influential tweets of 2021

Another year has come and gone in the cryptocurrency industry, leaving behind an ocean of developments, drama, price swings and innovation — all moving at a breakneck pace that even Barry Allen would have a hard time keeping up with. Similar to previous years, Twitter has yet again served as a hotbed of crypto industry discussion in 2021. Over the past 12 months, Bitcoin (BTC) rode a price rollercoaster, nonfungible tokens (NFTs) sold for millions of dollars and Dogecoin (DOGE) reached illogical price highs — and that’s just the tip of the iceberg. Twitter, of course, sat right in the middle of the action, with people and companies posting all sorts of industry-related content. Providing a glimpse into some of the action — a time capsule of sorts for the future, or maybe an update for folks who function away from the heartbeat of the industry — here are 10 notable crypto industry-related tweets from 2021 (in no particular order). Bitcoin recognized as moneyIn September 2020, Bitcoin dawned a new hat, taking recognition as an official form of currency for the first time in its history. On Sept. 7, 2021, El Salvador formally established BTC as a form of money in the country. The country’s president, Nayib Bukele, also tweeted about Bitcoin several times after the move. 3 minutos para hacer historia.In 3 minutes, we make history.#BitcoinDay #BTC— Nayib Bukele (@nayibbukele) September 7, 2021Crypto regulation a hot topic in 2021Cynthia Lummis, a United States senator, showed her colors as a crypto sector proponent on multiple occasions amid a year filled with digital asset regulatory discussion. One example from 2021 included her actions in fighting back against vague crypto regulations. According to Chainalysis, cryptocurrency-related crime is smaller than criminal activity with cash. #Crypto regulations need to leave room for innovation. Just because a limited number of bad actors have abused crypto doesn’t make it evil.— Senator Cynthia Lummis (@SenLummis) January 25, 2021

Miami mayor kept his wordFrancis Suarez, the mayor of Miami, Florida, sent out a tweet early in 2021 noting his intention to push crypto in the city. Throughout 2021, Suarez proved to be a positive force for crypto adoption both in and outside of Miami.He gave the opening speech at the Bitcoin 2021 conference, hosted in Miami. He also expressed an intention to receive BTC for a portion of his annual pay, among other crypto adoptive moves.The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation. Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site. @balajis @tyler @cameron @APompliano pic.twitter.com/DBOni23ynY— Mayor Francis Suarez (@FrancisSuarez) January 27, 2021

Michael Saylor’s Bitcoin feedThis particular tweet from MicroStrategy CEO and founder Michael Saylor may not be particularly special, but it represents longevity from one of Bitcoin’s newer cheerleaders. Michael Saylor jumped on the Bitcoin train in 2020 and has shown a continued passion for the asset through 2021. Throughout 2020 and 2021, with Saylor at the helm, MicroStrategy has amassed large piles of BTC. Saylor also personally owns a bag of Bitcoin. Saylor’s personal Twitter account has essentially become a stream of BTC posts.Diamonds may be your best friend, but #Bitcoin is forever.— Michael Saylor⚡️ (@saylor) September 2, 2021

Peter Schiff’s continued Bitcoin skepticismThe tweet shown below from Peter Schiff, a gold advocate, is also not particularly important in and of itself, but more so represents Schiff’s continued skepticism of Bitcoin. This is a position he is known for throughout the crypto industry and a stance that he continued throughout 2021 — so much so that even his son, an avid BTC supporter, has not changed the mind of Schiff senior.Clearly @saylor doesn’t understand the game that he’s playing. It’s like musical chairs. In the end the one left holding the most #Bitcoin is the biggest loser. The winners will be the whales who got in early, pumped up the price, then cashed out before the music stopped playing.— Peter Schiff (@PeterSchiff) November 3, 2021

Elon Musk’s impactElon Musk has tweeted about crypto on multiple occasions and is known for paying attention to Dogecoin (DOGE). In February 2021, Tesla unveiled a $1.5 billion Bitcoin purchase. Tesla also began allowing BTC as a method of payment. Months later in May, Musk tweeted out an image to explain Tesla’s halt in accepting BTC payment was due to concerns regarding Bitcoin’s fossil fuel energy toll. Bitcoin fell noticeably in price around the time that Musk sent out the tweet. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP— Elon Musk (@elonmusk) May 12, 2021

A crypto asset that would raise issues?A good portion of 2021 has included a discussion on U.S. dollar inflation. Money printing in the U.S. has gone wild in the hands of government forces trying to alleviate the economic drawbacks of the COVID-19 pandemic.In contrast, a great number of networks in the crypto industry allow for assets to be governed by the community; depending on the project, many of these have the potential for fixed maximum supplies for the number of crypto assets that will be released into circulation. Gemini crypto company co-founder Cameron Winklevoss’ tweet shows how the U.S. dollar would look if it were a crypto asset.Imagine a crypto where the supply increased 4x without input from the community. It wouldn’t pass the shitcoin giggle test. Now think about the fact that I’m actually describing the US dollar.— Cameron Winklevoss (@cameron) November 14, 2021

A possible adoption timeline answerIt can be hard to know where new technology or industry sits on an adoption timeline. Although views on the matter can vary depending on multiple factors, analyst Willy Woo’s tweet in February 2021 gave the public one possibility, comparing Bitcoin to the internet boom. In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997.But Bitcoin’s growing faster. Next 4 years on current path will bring Bitcoin users to 1b people, that’s the equivalent of 2005 for the Internet. pic.twitter.com/Np9yTR3WkL— Willy Woo (@woonomic) February 1, 2021

A less technical sign of adoption (or the top of a market?)The course of 2021 has been filled with numerous mainstream world big players getting involved in the crypto industry in one form or another. Famous actress Reese Witherspoon decided to dive into crypto this year, telling the world via a tweet. The tail end of the crypto industry’s last major bull market before that of 2020/2021, however, saw singer Katy Perry reveal a picture of her fingernails painted with cryptocurrency logos on them in late January 2018 — close to the market’s top. Just bought my first ETH! Let’s do this #cryptotwitter— Reese Witherspoon (@ReeseW) September 2, 2021

A crypto arenaTopping off the list for 2021: the time when crypto went so mainstream that a major professional sports arena was renamed after a crypto company, but not everyone liked the move. We’re extremely proud to announce that Staples Center, Los Angeles’ most iconic arena is getting a new name:https://t.co/vCNztATkNg ArenaAs part of this 20 year partnership, we’re also excited to welcome the @Lakers & @LAKings as our newest partners! pic.twitter.com/KCfYKySDRt— Crypto.com (@cryptocom) November 17, 2021

Another year, another batch of tweetsAnother year has come and gone in the ever-changing crypto industry, with 2021 proving the sector still loves participation on one of the world’s most prominent social media platforms: Twitter. Will 2022 prove similar? Or perhaps even better?

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Indian prime minister Modi's hacked Twitter account attempts BTC scam

The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens. On Dec. 10, Modi said in a virtual event virtual summit hosted by US President Joe Biden that technologies such as cryptocurrencies should be used to empower democracy and not undermine it:“By working together, democracies can meet the aspirations of our citizens and celebrate the democratic spirit of humanity.”While the long-awaited Lok Sabha Winter Session, a parliamentary meetup intended to discuss the legality of cryptocurrencies in the region, did not conclude the government’s stance on crypto, hackers from unknown origins managed to take control of the prime minister’s account with over 73.4 million followers to declare Bitcoin as a legal tender.Bitcoin scammers declare the cryptocurrency as India’s legal tender. pic.twitter.com/uTe1R7XUWZ— Priya (@supesuonna) December 11, 2021While the hack happened at midnight in India (around 4:00 pm ET), Twitter user Priya was among the many crypto enthusiasts that took notice of the untimely tweet that read:“India has officially adopted Bitcoin as legal tender. The government has officially bought 500 BTC and is distributing them to all residents of the country. The future has come today!”The post also included a link that urged unwary investors to sign up and claim their share of BTC. However, this was the second time Modi’s Twitter account got hacked and was used for crypto scams.Soon after the hack, the unauthorized tweet was deleted and the hack was confirmed by the Prime Minister’s official account.The Twitter handle of PM @narendramodi was very briefly compromised. The matter was escalated to Twitter and the account has been immediately secured.In the brief period that the account was compromised, any Tweet shared must be ignored.— PMO India (@PMOIndia) December 11, 2021

As Cointelegraph reported, hackers were able to breach Modi’s Twitter account back in Sept. 2020. Under the pseudo name ‘John Wick,’ the hackers shared several tweets asking the prime minister’s followers to “donate generously to PM National Relief Fund for Covid-19.”Related: India misinterpreted private crypto ban, says crypto bill creatorThe launch of India’s crypto bill sparked new concerns around the ban of private cryptocurrencies. While the meaning of ‘private’ was yet to be interpreted in the parliamentary meeting, the lack of information sparked panic among investors. Clearing out the speculations around the crypto bill discussions, former Finance Secretary Subhash Garg, who was also the creator of the bill, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation. In an interview with News 18, Garg said:“[The description of the crypto bill] was perhaps a mistake. It is misleading to say that private cryptocurrencies will be banned and to intimate the government about the same.”

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Gamer-hate: Ubisoft's new NFT project vid gets 96% dislike ratio

French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is facing strong pushback from the gaming community. Ubisoft unveiled the Beta launch of Quartz via a brief YouTube video on Dec. 8 that has 214,721 views at the time of writing. The project aims to combine NFTs and blockchain technology with existing Triple-A game titles, and announced Tom Clancy’s Ghost Recon Breakpoint as its first game to officially integrate NFTs. The video introduces Quartz as a platform that enables gamers to “collect the first playable and energy-efficient Ubisoft NFTs” that are dubbed as “Digits.” YouTube recently changed its policy to hide the number of dislikes a video on the platform gets, however the number can still be accessed by Google Chrome extensions. Upon using an extension, the video currently shows 1,400 likes and 37,000 dislikes which equates to a dislike ratio of roughly 96%. One of the top comments on the video from user “OperatorDrewski” currently has 2,600 likes with zero dislikes, and blasts Ubisoft’s NFT project as a quick cash grab as opposed to improving the overall gaming experience: “To me, this is a blatant signal that you’re just milking the Ghost Recon franchise for literally every cent while putting in minimal effort into the actual game itself. Not playing a GR game in the future if there’s this level of degeneracy in the team.”“You took a solid franchise and absolutely made it a laughing stock,” they added.This opinion appears to be shared by a significant number of the community, with users on Twitter also lashing out at the firm in response to its latest announcement as they threatened to uninstall the firm’s games and boycott Ubisoft completely. Because of my personal view of NFTs and not because of the environmemt entirely, I will now proceed to uninstall anything related to you right now and cease further purchases of your games.That is all. For people that dislike Current Ubi’s marketing, just stop buying.— Skyeeeely – Lazy VStreamer Cat (@Sukaaaily) December 7, 2021A Dec. 8 post over on the r/gaming page on Reddit shows a concerted effort to boycott the new NFT project. The post titled “do not support “Quartz”, the new NFT Ubisoft marketplace” from “u/WolverineKuzuri93” currently has 2,500 comments and an upvote ratio of 93% at more than 13,400 upvotes. The Redditor highlights similar issues to the top commenter on YouTube, noting that:“We have to stand against this practice. […] This is just another way to nickel and dime players with cosmetics rather than focusing on making quality products with depth. We have to let companies know this is anti-consumer.”“I’m not entirely against the concept of using an NFT style system for digital games. For example, actually owning your digital copy rather than just a license so you can sell it to another user’s account. That’s actually the future of digital gaming. What I’m against is how Ubisoft are doing it with in-game items,” they added. Gamer backlash to NFTsThis is not the first time a major firm has been flamed for looking at, or launching into the world of NFTs. Cointelegraph reported last month that community messaging app Discord was forced to walk back its Ethereum-based NFT integration plans, after the gamer community bombarded CEO Jason Citron. Citron initially teased his firm’s plans via a screenshot of a beta feature showing Ethereum NFT wallet support, however he was promptly hounded with thousands of comments calling on him to abandon the plans along with users threatening to cancel their paid Nitro subscriptions.Reddit: OpenSea walks back on IPO plan following community backlashUnlike the case of Ubisoft, where the community appears to be peeved by what they assert is a cash grab, the crypto-skeptics on Discord believe NFTs are a Ponzi scheme and damage the environment due to the energy required to mine cryptocurrencies.Cointelegraph has reached out to Ubisoft representatives for comment, and will update the story if they respond.

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