elon musk
Twitter bids adieu to Bluebird as Elon Musk rebrands platform to X
Published
12 months agoon
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admin![](https://blocknewsmedia.com/wp-content/uploads/2023/07/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvYjIwZDZlMDUtYTdlMi00YjYyLTg3YTktZDQ2OWRiODRjOTE1LmpwZw.jpg)
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/b20d6e05-a7e2-4b62-87a9-d469db84c915.jpg)
The popular social media platform Twitter officially rebranded to X after months of teasing by its former CEO, Elon Musk. The rebranding saw the popular social media app ditch its recognizable bird logo and replace it with a simple X. The rebranding also saw the social media app change its color scheme from blue to black.
As part of the rebranding, Twitter’s URL was changed to x.com, a domain name linked to Musk’s 1999 financial services startup, which was sold to PayPal.
https://t.co/bOUOek5Cvy now points to https://t.co/AYBszklpkE.
Interim X logo goes live later today.
— Elon Musk (@elonmusk) July 23, 2023
X.com was an early online bank, and the company was initially funded by Musk and Greg Kouri, who went on to fund Musk’s later ventures, Tesla and SpaceX.
Musk uses the letter X in several of his business interests, including SpaceX and Tesla car models.
Musk established X Corp. in March as the parent company of Twitter, making way for Twitter’s rebranding. The rebranding is part of Musk’s vision to create a “super app” with multiple functionalities. In April, Twitter introduced a new feature that allowed app users to access the crypto market and other financial market services from within the app.
Musk’s tenure as the head of Twitter was controversial from the start. However, his plans to transform Twitter began long before the takeover.
In a recent interview, Musk reiterated that the main motive behind rebranding to X was to create an “everything app,” a concept popular in China. Chinese social media applications, such as WeChat, are used for text and video calls, and have provisions to pay bills, book cabs, book restaurants and other financial activities without leaving the app.
Musk said if done correctly, X could become a popular platform for finance, banking, payments and data, and over time it has the potential to become “half of the global financial system.”
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
However, The rebranding of Twitter didn’t prompt much support from many users who believed ditching the famous blue bird for a new concept was not a good idea.
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Dogecoin (DOGE) Up By 11% As X Launches Payment Account
Published
6 months agoon
January 21, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/01/0ee9d7d59d424a7c8bd7d70c86070beb.png)
According to data from Coingecko, Dogecoin (DOGE) has soared by 10.5% in the last 24 hours, drawing much attention from market analysts and investors alike. Prior to this gain, the memecoin had shown little price movement, hovering around the $0.08 price region for most of the past week.
Dogecoin ranks as one of the top players in the crypto ecosystem, with a staggering market cap of $12.38 billion. The meme coin is particularly popular for its endorsements by famous figures such as Gene Simmons, Snoop Dogg, Mark Cuban and the world’s richest man Elon Musk.
Behind’s DOGE Rise
Interestingly, the current rise in DOGE’s price appears to be related to recent developments on Elon Musk’s social media platform X. On January 20, X launched a dedicated account for its X Payments initiative, a peer-to-peer payment service designed to enhance “user utility” and introduce “new opportunities for commerce”.
Source: X
The X Payments project was initially announced on January 9 as part of Elon Musk’s grand plan to position X as the “everything app”, providing a single interface which caters to user needs in terms of social media, advertising, content and video promotion, among others.
DOGE’s reaction to the creation of the X Payments account is driven mainly by the potential role many investors believe the token may play in this payment system upon launch. Such expectations are mostly based on Elon Musk’s vocal and consistent support of the meme coin since as far back as 2019. Tesla, one of Elon Musk’s more valuable companies, already accepts payment in Dogecoin, and there are speculations the crypto asset could adopt a similar role in the X Payments project.
The potential of such incorporation could spell massive gains for DOGE in terms of adoption. According to X, its payment initiative is now registered in 32 states of the United States, securing a money transmitter license in 10.
However, it is worth stating that there are no statements or hints from credible officials that X Payments will indeed adopt DOGE as a settlement option following its expected launch in mid-2024. Alongside the memecoin, other cryptocurrencies being propped to act as payment options in X’s e-commerce feature include XRP, and Stellar (XLM), among others.
Dogecoin Price Overview
At the time of writing, DOGE trades at $0.0861, reflecting a 7.4% gain in the last seven and fourteen days. On the monthly chart, DOGE is down by 7.5% and has barely shown any growth in the last year, with a Year-To-Date (YTD) gain of 0.6%. As earlier stated, Dogecoin boasts of a market cap of $12.38 billion, making it the 10th largest cryptocurrency. In addition, the memecoin’s daily trading volume is valued at around $1.17 billion.
DOGE trading at $0.08584 on the daily chart | Source: DOGEUSDT chart on Tradingview.com
Featured image from Binance Academy, chart from Tradingview
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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Altcoin
Key Price Targets Set Following Breakout From $0.08
Published
8 months agoon
November 16, 2023By
admin![](https://blocknewsmedia.com/wp-content/uploads/2023/11/dogecoin-doge-dogeusdt.jpg)
The king of the memecoins, Dogecoin (DOGE), has been following the general sentiment in the crypto market as it breaks out from a critical level. The token experienced selling pressure on low timeframes but seems poised for further profits.
As of this writing, Dogecoin (DOGE) trades at $0.078 with a 1% loss in the last 24 hours. Over the previous seven days, the memecoin held 6% in profits, operating as a top performer in the top 10 by market capitalization.
![Dogecoin DOGE DOGEUSDT](https://www.newsbtc.com/wp-content/uploads/2023/11/Dogecoin-DOGE-DOGEUSDT.png?w=860&resize=860%2C410)
Dogecoin On Route For $0.10? Analyst Makes Bullish Case
As mentioned, the Dogecoin rally has found hurdles over today’s trading session, with the price returning below the critical level at $0.08. Crypto trader Rekt Capital claims that the recent price action confirmed a bullish trajectory for the token.
The chart below shows that Dogecoin completed a path from its yearly lows at $0.052 across October and November. As the bulls pushed upwards, the cryptocurrency broke its descending channel, setting a path towards the area above $0.11, last seen in 2022.
![Dogecoin DOGE DOGEUSDT chart 2](https://www.newsbtc.com/wp-content/uploads/2023/11/Dogecoin-DOGE-DOGEUSDT-chart-2.jpg?w=860&resize=860%2C610)
DOGE Price Likely To Return To All-Time High
A separate report from another crypto trader looks at Dogecoin over high timeframes. The token is close to completing a bigger breakout over its Bitcoin (BTC) trading pair on this horizon.
The analyst cites a series of positive fundamentals for Dogecoin, including its scalability and “low energy consumption” transactions. On the chart above and pointing to the moving average convergence/divergence (MACD) indicator, the analyst stated:
In the $DOGE / $BTC trading pair, bullish patterns and indicators have been observed in the higher timeframes. Notably, a falling wedge pattern is evident in the 4-day timeframe, accompanied by a bullish crossover in the MACD indicator.
![Dogecoin DOGE DOGEUSDT chart 3](https://www.newsbtc.com/wp-content/uploads/2023/11/Dogecoin-DOGE-DOGEUSDT-chart-3.jpg?w=860&resize=860%2C695)
Naemrr on X
It remains to be seen if DOGE can return to its 2022 and 2021 high against its Bitcoin and USDT trading pairs. The bullish momentum in the crypto market is holding, albeit with an increase in selling pressure, possibly triggered by speculators taking profit at current levels.
Cover image from Unsplash, chart from Tradingview
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Banks
Elon Musk’s X targets financial services, PacWest emergency rescue and more
Published
11 months agoon
July 28, 2023By
admin![](https://blocknewsmedia.com/wp-content/uploads/2023/07/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNGQ4NWM5OWMtMmY4YS00ZTEwLTk2OTEtY2E1ODMzY2UxMDhjLmpwZw.jpg)
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/4d85c99c-2f8a-4e10-9691-ca5833ce108c.jpg)
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.
The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began as a social networking platform but quickly became the go-to app for everything in China, from shopping to filing for divorce with one click.
Musk believes that, if executed correctly, X could capture “half of the global financial system.” To accomplish that and keep his promise of delivering an “entire financial world” on the platform, the executive might include cryptocurrencies in its plans. There was even a hint that Dogecoin (DOGE) would be a part of it.
As the “global town square” where most crypto business and innovation takes place in real-time, X could play a crucial role in the crypto industry’s future. X is bigger than just a re-branding and could affect the future of money in the Western world.
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
Elon Musk says X will offer an “entire financial world” in the coming months
Twitter’s rebrand to X is part of a larger plan to incorporate financial services on the platform, its owner and chief technology officer Elon Musk said. According to Musk, users of X can expect to access an “entire financial world” on the platform in the coming months. In the upcoming “everything app,” digital assets are unlikely to be forgotten, with Musk suggesting that Dogecoin (DOGE) could play a key role in X services. Also, in April, he announced that the platform would soon offer crypto and stock trading through a partnership with eToro. Musk claims that, if executed correctly, X can encompass “half of the global financial system” with plans for banking, payments and more.
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
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