Twitter starts shock war with Bitcoin and Crypto

Bitcoin and cryptocurrencies have long struggled to find their place on some of the biggest technology platforms in the world.

Twitter, whose CEO Jack Dorsey has emerged as one of the biggest supporters of bitcoin in Silicon Valley, is plagued by crypto scams despite the fact that Tesla boss Elon Musk has raised concerns.

Now, some influential members of the bitcoin and crypto community have complained that Twitter had “forbidden them by the shadows”, limiting their reach and impressions.

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“They do it, people”, Mike Dudas, technology investor and founder of the bitcoin and crypto-crypto information and analysis site The Block, said. “Crypto Twitter has been outlawed by the shadows. I noticed this on my account this week.”

Dudas was commenting on a complaint by crypto developer Anthony Sassano who said: “All the tweets I publish generate far fewer impressions than normal.”

“I think [Twitter] limited reach of tweets [and] impressions “, said Neeraj Agrawal, of the Coin Center think tank based on Washington D.C. cryptocurrency policy

“I started using LinkedIn again out of desperation” added partner of the blockchain-oriented venture capital fund, Castle Island Ventures, Nic Carter.

Twitter has yet to respond to a request for comment.

Shadow ban reports come as the bitcoin community prepares for one of the biggest events in its 10-year history.

On May 12, the number of bitcoins rewarded for those who maintain the bitcoin network, called miners, will be cut in half for the third time, from 12.5 bitcoins per block to 6.25.

It is unclear how the imminent supply cut will affect the price of bitcoin, however, many expect the volume of bitcoin and crypto trading to peak in the period leading up to May 12, with a rise media attention that could drive up the price of bitcoin.

This week, the price of bitcoin has increased by almost 20%, making it one of the best performing assets so far this year.

Meanwhile, Twitter is involved in an internal battle that could see it radically change the way it deals with some of its most influential users, including U.S. President Donald Trump.

Earlier this year, Twitter was shaken by news of powerful Wall Street activist investor Elliott Management, who bought $ 1 billion worth of Twitter shares and is working to oust the company’s co-founder Jack Dorsey. he helped build.

Dorsey, one of the biggest bitcoin cheerleaders in the tech world, has talked a lot about bitcoin, crypto and blockchain technology until she created a crypto division of her payment company Square to work full time on the bitcoin development.

Dorsey’s Twitter Biography currently simply reads: #bitcoin

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Dorsey’s growing interest in bitcoin and cryptocurrencies, however, caused him problems.

Last year Dorsey drew criticism from Twitter and Square investors when he promised to spend three to six months in Africa to explore cryptocurrency opportunities in 2020. He has since canceled the trip due of the coronavirus pandemic.

Silicon Valley’s strained relationships with bitcoin and cryptocurrencies have deteriorated in recent years as some of the world’s largest tech companies increasingly turn to financial services to boost advertising revenue.

Late last year, Google launched an ongoing war against the bitcoin and cryptocurrency community by deleting many bitcoin and cryptocurrency videos from its YouTube video sharing site in what been described as “crypto-purge”.

YouTube quickly reversed most of the video deletions, claiming they were made in error, but the cryptographic content would have was targeted by attempts to limit the spread of false information in the midst of the coronavirus pandemic.