Cointime

Download App
iOS & Android

Rumors About a “Twitter Coin” Make the Dogecoin Community Explode

The cryptocurrency community believes that Elon Musk is planning to launch a new cryptoasset, which they call Twitter Coin and which many associate with Dogecoin. It all came about with a tweet posted by blogger Jane Manchun Wong, which garnered attention for an image believed to be the logo of the native currency of the micro-messaging network.

Neither the company nor Elon Musk have officially reported anything about it, but the leaked image of what could be the Twitter Coin is giving the cryptocurrency community, especially the one that revolves around Dogecoin, a lot to talk about.

Manchun Wong is popular for revealing secrets of features to be added by the most used apps such as Instagram, Facebook or Twitter.

Interestingly Manchun Wong’s accounts have now disappeared, but many share the screenshot of his latest post. In it you can see the hidden Twitter Tips settings, including a section called “Coins”, where the logo of the alleged Twitter Coin appears.

Everything seems to indicate that the logo could be a way to reflect Twitter’s payment modality that will be among its new features.

However, the community is handling several theories. Since the logo of the alleged cryptocurrency is not blue, but yellow and in the center it shows the Twitter birdie in white, Dogecoin users prefer to believe that the meme cryptocurrency will be native to the social network.

For quite some time now, Elon Musk has claimed to be a strong supporter of Dogecoin and Bitcoin, although he has also been sued for the way he promotes the use of the dog-themed cryptoasset.

The truth is that the community is currently divided on the meaning of Twitter’s currency logo. Some say that if Twitter launches its own cryptoasset, it will soon not need Dogecoin, bitcoin or ether (the cryptocurrency of the Ethereum network).

Comments that Elon Musk could soon get rid of Dogecoin, startled the community that revolves around this cryptocurrency, who claim that the tycoon will not integrate a new cryptocurrency on Twitter.

Meanwhile, other members of the community believe that a logo with the social network’s characteristic little bird is only a sign that all the cryptocurrencies used so far on its platform will be integrated there.

In September last year Twitter enabled its function to send and receive bitcoins worldwide, through an integration with the Strike application. Later, it added the second largest market cap cryptocurrency, ether.

Comments

All Comments

Recommended for you

  • Iranian Armed Forces: Iranian Military Fully Prepared for Defense

    On April 16, local time, Pakistan Army Chief Munir reported to Abdollahi, the commander of Iran's Khatam al-Anbiya Central Command, on the measures taken by Pakistan to end the conflict, emphasizing that these efforts would continue. Abdollahi stated, "If the enemy harbors malicious intent, the Iranian military is fully prepared for defense." (CCTV)

  • U.S. Government Transfers 8.2 BTC to Coinbase Prime

    On April 16, according to Arkham monitoring, the U.S. government (funds seized from Bitfinex hackers) has just deposited 8.2 BTC (approximately $606,000) into Coinbase Prime.

  • Iran Reveals Details of Downing US C-130: Intelligence Coordination and Civil-Military Collaboration

    On April 16, according to CCTV, Iranian Army Chief Hatami disclosed for the first time details of an ambush operation against US military forces in southern Isfahan province during a speech on the same day. Hatami stated that the Iranian intelligence department had made thorough preparations in advance, involving the military, Revolutionary Guards, police, militia, and local citizens, to create a 'surrounding situation against the enemy.' In the ambush operation, Iran's initial firepower successfully shot down a C-130 transport aircraft. According to a statement released by the Iranian Law Enforcement Command on April 5, a police special forces unit shot down a US C-130 transport aircraft in the southern region of Isfahan.

  • Democrats on Senate Banking Committee Call for Delay of Walsh Hearing

    On April 16, Democratic members of the U.S. Senate Banking Committee stated that the hearing for Federal Reserve Chairman nominee Kevin Walsh should be postponed.

  • Anthropic Releases Latest Model OPUS 4.7

    On April 16, Anthropic released its latest model, Claude OPUS 4.7. The capabilities of OPUS 4.7 are not as comprehensive as those of the Mythos preview version. The pricing for OPUS 4.7 remains unchanged from OPUS 4.6.

  • BTC Drops Below $74,000

    Market data shows that BTC has fallen below $74,000, currently priced at $73,989.92, with a 24-hour increase of 0.08%. The market is experiencing significant volatility, so please ensure proper risk management.

  • WTI Crude Oil Surpasses $93 per Barrel

    WTI crude oil has surpassed $93 per barrel, rising 1.71% during the day; Brent crude oil has increased by over 2.00% during the day, currently priced at $94.14 per barrel. (Jin Shi)

  • ETH Falls Below $2300

    Market data shows that ETH has fallen below $2300, currently priced at $2298.7, with a 24-hour decline of 0.98%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • U.S. Stock Indices Turn Negative

    On April 16, the Dow Jones Industrial Average fell by 0.07%, the S&P 500 dropped by 0.19%, and the Nasdaq Composite decreased by 0.50%.

  • BTC Surpasses $75,000

    Market data shows that BTC has surpassed $75,000, currently priced at $75,003.04, with a 24-hour increase of 0.85%. The market is experiencing significant volatility, so please ensure proper risk management.