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Has Twitter entered a war against cryptocurrencies again?

Posted on November 3, 2022 by admin

Has Twitter entered a war against cryptocurrencies again?

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Answer Has Twitter entered a war against cryptocurrencies again?

Cryptocurrency, since its inception, differed opinions about it and divided between supporters and opponents of it.

But with the passage of time, there has been some adoption and acceptance of digital currencies by many different individuals, bodies and companies, while other parties are still fighting them or turning their backs on them.

According to reports from some crypto users, Twitter appears to be secretly limiting the circulation of crypto-related content.

Although content related to cryptocurrency has already had a hard time with Twitter earlier, given the high level of support provided by “Jack Dorsey”, the founder of Twitter for cryptocurrency, he even stated recently that he will move to Africa for 6 months to explore ways to develop currencies. encrypted digital there.

Read:“Binance Launchpool” lists Flamingo decentralized finance project built on the neo-blockchain… Details here

As for what’s controversial, what chirp Mike Dudas, founder of “The Block”, reported on his Twitter page that he had encountered some problems while publishing his crypto-related content.

They do it, people.

Crypto Twitter has been blocked in the shadows.

I noticed this in my account this week as well.

– Mike Dudas (@mdudas) April 30, 2020

Twitter has not yet responded to reports that there is a ban on cryptocurrency content.

The theory of limiting content related to cryptocurrencies from Twitter comes in conjunction with the approaching date of the Bitcoin reward split, which is expected to be 8 days from now, which made the crypto audience anxiously awaiting about the impact of this split on the price of the currency and will it be like the year 2017 where the Bitcoin price reached to a standard level?

The Bitcoin split… an introduction to its importance to the crypto industry

Social media giants fighting cryptocurrency:

A previous scenario similar to what is happening now occurred.

Read:Dubai government has 24 use cases of blockchain technology in the past three years

In 2018, Twitter attempted to ban cryptocurrency ads, as “Jack Dorsey” followed Google and Facebook due to the large amount of scam projects associated with cryptocurrency.

But the situation has changed since then as Bitcoin and other cryptocurrencies gained huge popularity and many social media started exploring the possibilities of digital currencies, especially with Facebook starting to develop its own cryptocurrency.

Recently, it seems that there is a new movement of anger against the content of cryptocurrencies, as the YouTube administration has started massive purges of channels with specialization in crypto, and it may be for logical and valid reasons, as fraudulent ads related to crypto increased on the platform, such as impersonation of well-known personalities or providing offers and explanations to fraudulent platforms.

Read:French court recognizes bitcoin as money

In any case, with or without the support of giant crypto companies and institutions, the crypto and blockchain industry is taking an upward trajectory, and a statistic can be cited about the number of cryptocurrency users in 2017, who numbered about 2.9-5.8 million users across the world.

Today, Bitcoin alone has 53 million users globally, which means a 10-fold increase in just three years.

Read also:

The Crypto project makes it possible to send cryptocurrency to any Twitter user

Scammers Claim To Sell Libra ICO Tokens On Twitter


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