Elon Musk Twitter news; A week after Elon Musk finalized a $44 billion deal to acquire Twitter, Dogecoin soared more than 70% on Saturday, extending this week’s gains.
The Tesla CEO, a prominent supporter of cryptocurrencies, has had a significant impact on dogecoin and bitcoin values.
Early this year, Tesla began taking dogecoin as payment for its products. Additionally, dogecoin may be used to purchase Musk’s recently released perfume line.
Binance, a cryptocurrency exchange that contributed $500 million to Musk’s acquisition of Twitter, said it is considering ways that blockchain technology and cryptocurrencies could benefit Twitter.
Under co-founder and former CEO Jack Dorsey, a proponent of bitcoin, Twitter started looking at how to apply blockchain technology.
In a recent post, Musk said he was purchasing Twitter to build an “everything app.”
Read More: Mutual of America Financial Group has agreed to buy Landmark Life Insurance Company
Asia is where the concept of an all-encompassing app first emerged, thanks to businesses like WeChat, which not only allows users to send messages but also payments, shop online, and call a cab.
Dogecoin, which started as a social media joke, was formerly unknown until Elon Musk’s tweets about it, like the one where he labeled it the “people’s crypto,” transformed it into a speculator’s paradise.
World leaders and banned account holders are pleading with Musk to reactivate their accounts after he pledged to restore free expression on Twitter.
A content moderation committee “with vastly diverse opinions” will be formed by Twitter, he said on Friday. Before the council meets, no significant content decisions or account reinstatements will be made, he added.
In a tweet posted on Saturday, the billionaire claimed Twitter users would soon be able to select the version of the social networking site they prefer by ranking their tweets.
Like a movie’s mature rating, having the option to choose whatever version of Twitter you want is definitely preferable, he said.