"Blue-chip nonfungible tokens (NFTs)" is a popular buzzphrase one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks considered to be the well-established extension of corporations are known for their quality, reliability and financial stability. But, exactly what are blue-chip NFTs and how are they identified? ' Nansen research analyst Louisa Choe, told Cointelegraph that since NFTs are still nascent “... it is sometimes challenging to apply these criteria since NFT, as an asset class, is still evolving.” The general consensus is that the much sought-after blue chip is …

On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology and integration with Ethereum (ETH). As a centralized platform, content creators and freelancers would first need to pace Know Your Customer onboarding checks conducted by Stripe. Afterward, they can manage their …

The nonfungible token (NFT) of the first-ever tweet made on Twitter by founder Jack Dorsey is currently struggling to attract a bid even 1% of its sale price last year. The iconic genesis tweet was sold for 1,630 Ether (ETH), valued at $2.9 million about a year ago on March 22, 2021. The highest current bid for this attempt to auction it is 10.3 ETH, worth about $31,739 at the time of writing, on NFT marketplace OpenSea. The nonfungible token of the first-ever tweet made on Twitter by founder Jack Dorsey is currently struggling to attract a bid even 1% …

The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out, with DOGE closing the week over 8% higher. DOGE's price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, increased the potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10 Dubbed “head and shoulders” (H&S), the pattern appears when the price forms three peaks in a row, with the middle one (the “head”) …

With a reported net worth of more than $300 billion, Tesla and SpaceX CEO Elon Musk said he could “technically afford” to purchase Twitter outright and also had plans to change the user experience of the major social media platform. In a TED Talk held at a TED conference in Vancouver on Thursday, Musk told curator Chris Anderson that if his offer to buy Twitter were successful, he would consider changing the way the platform handles controversial content by not promoting certain tweets and adding the ability to edit tweets as well as show that edit history. The Tesla CEO …

Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. Bitcoin follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on April 14. The pair had been approaching $41,600 the day prior, but momentum ran out overnight, and the largest cryptocurrency took minutes to shave almost $1,000 off its price at the opening bell. At the time of writing, $40,000 was still in play as support but bulls had similarly failed to recoup the latest lost ground. …

In a letter sent to the Twitter chairman Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, offered to purchase the entire company for $54.20 a share, stating that the social media platform has “extraordinary potential” that he will “unlock.” In a 13D filing with the United States Securities and Exchange Commission, Musk states that “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.” Following this, Musk categorically states that the offer …

When a respected member of Crypto Twitter and the Deadfellas nonfungible token (NFT) community detailed the immense financial burden of his cancer treatment, the crypto community demonstrated its kindness and generosity by donating over $73,000 in funds. Yopi, known as @kuiyopi on Twitter, joined the crypto ecosystem in July 2021. He discovered that crypto served as a welcome distraction to his health concerns and even provided moments of joy and entertainment during his 6-month chemotherapy schedule. Throughout this time, he enjoyed the content of crypto personalities such as Cobie, opened up on his attempts to learn Spanish, and reveled in …

It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a "self-serving lie." The comments section got heated when Nic Carter, Castle Island Ventures general partner and Coin Metrics co-founder, entered the chat and called out Gleick for allegedly not knowing anything about energy. Tell me you don’t know anything about energy without telling me — nic no credentials carter …

Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE's price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin's recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on Monday, reiterating his influence on its market. Musk has been a big supporter of the Dogecoin community, including his decision to accept DOGE payments at his company Tesla's online merchandise store. As Cointelegraph reported, Musk’s investment could help push Twitter’s crypto initiatives forward and even see DOGE …

Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry. Recent filings show that Tesla CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest stakeholder in the platform. The news instantly pumped Twitter shares by more than 22% in early trading and sent Dogecoin …

Bitcoin (BTC) traded in uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation. Trader gives $43,000 BTC near-term dip target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping above and below the $46,000 mark Monday, continuing a low-volatility few days. The pair had managed to seal a second week near the 2022 yearly open, with analysts already hoping for a breakout to $50,000 or even beyond. At the time of writing, however, there was still no sign of such an outcome, while Bitcoin stuck to an increasingly narrow low-timeframe trading range. "Bitcoin …