Crypto Twitter rang in the Christmas cheer with a new all-time high for Bitcoin (BTC), culminating a tremendous year for the digital asset. The Bitcoin price peaked at $24,661.76 on Bitstamp, surpassing the previous record set last week. The altcoin market also rebounded, with Ethereum (ETH), Litecoin (LTC) and XRP posting impressive rallies. Bitcoin’s biggest proponents took to Twitter to celebrate the new milestone — and to remind their followers to keep holding as the new year approaches. Gemini co-founders Cameron and Tyler Winklevoss haveexpressed some excitement: Merry Christmas! Santa left $24.5K #Bitcoin under the tree pic.twitter.com/n4Ad19rE2v — Cameron Winklevoss …

Every industry, group, clique and conclave has its own share of weirdos — cryptocurrency and blockchain are no exception. Considering that cryptocurrency is the so-called “native” currency of the internet — the repository of the sum of human knowledge and the eccentricities there contained — the crypto sector is home to perhaps even weirder moments and personalities than more established and traditional industries. Outside of crypto’s inherently odd character, 2020 itself has shaped up to be a bizarre, if not downright terrible year. Existing socioeconomic problems in countries around the globe were exacerbated by the appearance of the novel coronavirus …

Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of what Bitcoin has done recently, interest is still a fraction of what it was during its run to previous all-time highs exactly three years ago in 2017. Twitter sleeping on BTC Outside "CT" Anyone who regularly reads crypto Twitter, also known informally as "CT," may have the impression that the entire social network revolves around Bitcoin price action in 2020. This is not the case, however, …

Cash App, the Bitcoin-friendly payments application from U.S.-based financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin (BTC) giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has received more than 60,000 likes and 8,800 retweets at the time of writing. The rapper encouraged her followers to post “#BITCOINMEG” in order to be a part of the giveaway. The post does not make it clear how much BTC each person will receive, saying: “I’m giving $1 MILLION in Bitcoin to as many hotties as I can.” Numerous …

After toying with all-time price highs in recent weeks, Bitcoin (BTC) finally crossed $20,000 for the first time on Wednesday. The digital currency hovered around $20,800 at time of publication. “We have been waiting for this moment for years, and now that $BTC #Bitcoin has finally broken 20k, all bets are off,” Cheds, a crypto trader and analyst on Twitter, told Cointelegraph. “What happens next could make history,” he said, adding: “Do we blast to 30k? Or do we pull back to 14k and form a cup and handle, or something in between? One thing is for sure with this …

The United States Federal Trade Commission is making the giants of social media account for their user data practices. On December 11, the FTC published orders for special reports from unnamed social media companies. The commission's stated aim for the reports is: "To compile data concerning the privacy policies, procedures, and practices of Social Media and Video Streaming Service providers, including the method and manner in which they collect, use, store, and disclose information about users and their devices." The initial orders, however, did not include the names of the companies involved. On Monday, the FTC publicized that the orders …

On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims to “support companies that help drive adoption and efficiency of renewables within the Bitcoin ecosystem.” Square is the firm behind CashApp — a major force in bringing crypto to regular users. In today’s announcement, Square identified Bitcoin as “a unique part of Square’s footprint.” Jack Dorsey, CEO of both Square and Twitter, said: “We believe that cryptocurrency will eventually be powered completely by clean power, …

Bitcoiners are crying foul at former billion-dollar hedge fund manager Jesse Felder's "inaccurate" hot take blog post about Bitcoin today in which he claims the crypto asset “doesn’t make sense as an investment nor as a currency alternative.” Bitcoiners seemed taken aback by the number of factual inaccuracies in the post coming from someone working in finance. In the Nov. 18 post on his financial blog titled “Please Stop Asking Me About Bitcoin,” Felder claims Bitcoin (BTC) is not used as a medium of exchange, nor does it provide any store of value. He also questioned the value of one …

Over the past 15 years or so, social media has gained tremendous traction. Facebook, Twitter and YouTube have reached soaring heights as companies. Social media has its benefits, such as global connectivity and low barrier to entry. It also gives people a platform for expression. The sector has taken a dark turn in recent years, however, igniting aggression and spreading false information, while, at the same time, raising questions of censorship. Eric Yang, founder and executive director of Junto — a nonprofit decentralized social media startup — sees three main issues with the current landscape. The first of the three …

Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee. As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter’s leadership as part of a March 2020 agreement with activist investor Elliott Management and private equity firm Silver Lake. Both companies gained seats on Twitter’s board of directors through investments earlier this year. Citing a company filing on Nov. 2, Bloomberg reports that the independent board panel concluded that the existing management structure is sufficient. The filing reportedly reads: “The committee expressed its …

The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded social media company valued at $37 billion and counting over 330 million active monthly users. The discovery has serious consequences in light of the platform’s ever-expanding influence on both financial markets and the political sphere. Two key sections of the NYFDS report, published on Oct. 14, tackle …

Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter. In recent months, content moderation practices employed by global social media platforms have been criticized by people across the political spectrum. Libertarian-leaning constituencies tend to criticize them for essentially instituting politically correct censorship while the liberals contend that they are not doing enough to filter offensive content. To this point, yesterday, the FBI charged six individuals with a plot to kidnap the governor of Michigan, Gretchen Whitmer. It has since been …