Prominent blogger and hacker Jane Manchun Wong has revealed that Twitter is working on a “wallet prototype” that will support both cryptocurrency deposits and withdrawals.
Binance, the world’s largest cryptocurrency trading platform, committed $500 million to help Elon Musk take social media giant Twitter private, according to the new SEC filings. The CEO of Binance, Changpeng “CZ” Zhao, stated in a Tweet on Thursday that the sizeable investment is a “small contribution to the cause.”
Twitter (TWTR) has agreed to Tesla and SpaceX CEO Elon Musk’s offer to acquire the social media giant and turn it into a private company. Per Monday’s press release, Musk will pay $54.2 in cash for each share of Twitter stock, which represents a massive 38% premium compared to Twitter stock’s value on April 1, 2022.
Roughly five months after the social media giant first unveiled in-app support for Bitcoin tips, Twitter is adding support for Ethereum wallets, meaning mobile users will soon be able to use their Ethereum funds to send tips on the platform.
Square, one of the more popular digital payment services, will be changing its name to Block. The announcement came only two days after Jack Dorsey announced his resignation as Twitter CEO, which led many to believe Dorsey will get more heavily involved with crypto going forward.
Twitter seems to be laying the groundwork necessary for the implementation of Bitcoin tips into its new feature called Tip Jar. Mobile app developer and researcher Alessandro Paluzzi was the first to notice that the code in the latest version of Twitter’s iOS beta app adds support for Bitcoin. Soon after Paluzzi shared his findings on social media, Twitter’s product leader Kayvon Beykpour confirmed that the social media giant will indeed be adding Bitcoin support in the near future.