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Home > News

Published: 26/03/2024

-
Author: Kane

Users Want Vitalik Buterin to Return to Twitter (X)
In a post responding to a call for Vitalik to return to using X (formerly Twitter), this post immediately received a response from Elon Musk.

Azcnews Breaking
The debate over the ideal social media platform for the cryptocurrency community has sparked when the “Autism Capital” account called for Ethereum’s “birth giver” Vitalik Buterin to return to Twitter.

Vitalik needs to get back on X. Farcaster isn’t going to win the culture war. If he wants Ethereum to shine he should engage more on this platform, not sequester himself with his chosen peers on an island. He will have far more impact if he engages the bigger community here.

— Autism Capital 🧩 (@AutismCapital) March 25, 2024

This post immediately drew a response from Elon Musk – the new owner of Twitter. He intervened with a curious question: “Why did he leave Twitter?“

Why did he leave?

— Elon Musk (@elonmusk) March 25, 2024

This story reverses back to September last year, when Vitalik lost control of his Twitter account due to a notorious SIM Swap incident. The Ethereum founder publicly criticized Twitter for this serious security issue and decided to switch to using the Farcaster platform – a new emerging SocialFi project based on blockchain technology and Ethereum wallet.

Farcaster Vitalik
Farcaster
Since then, Buterin has been actively promoting Farcaster, believing it to be the future of decentralized and secure social media. His statement has attracted many enthusiasts in the cryptocurrency community, making the emerging platform a hot topic.

Related: Vitalik Proposes Open-Source Fix for Elon Musk’s Dilemma

Vitalik’s activity on Twitter (X)
Vitalik’s activity on Twitter (X) has also become increasingly sparse, lately focusing mainly on posting blog articles such as promoting layer-2 rollup solutions or applying AI to the audit process, etc. Not long ago, he still participated in responses on Twitter (X) when asked about Ethereum.

https://t.co/uq7QOnVafR

This is a good example imo.

— vitalik.eth (@VitalikButerin) March 25, 2024

However, the harsh reality is that despite having nearly 180 thousand followers on Farcaster, this number is still only about 1/30 of Vitalik’s massive fan base on Twitter – where he has up to 5.2 million followers. Therefore, the call from “Autism Capital” is not entirely unreasonable – Buterin’s influence would be much greater if he returned to Twitter.

On the other hand, the SIM Swap issue causing account hack incidents has not been thoroughly resolved on Twitter. Many large accounts continue to face similar problems, from Vitalik Buterin, MicroStrategy, DWF Labs, CoinGecko, CEO of Algorand Foundation to Trezor, and even the SEC itself cannot escape this dangerous vortex.

Will Vitalik return to Twitter to leverage his massive fan base, or will he steadfastly support Farcaster as the new paradigm of decentralized social media?

Read More
#Elon Musk
#Vitalik Buterin
5.0/5

(2 votes)
Avatar of Victor
Victor
26/03/2024 at 4:30 am
I hope he joins Twitter

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Home > News

Published: 26/03/2024

-Author: Kane

SEC Seeks $2 Billion Fine from Ripple (XRP)
Although the lawsuit between the two parties is still ongoing, the U.S. Securities and Exchange Commission (SEC) is still demanding Ripple Labs to pay a fine of up to $2 billion.

Azcnews Breaking
The legal storm between Ripple and the Securities and Exchange Commission (SEC) is reaching its peak of tension. In a recent development, the SEC has proposed a staggering $2 billion fine against Ripple Labs – a record penalty second only to the Binance case.

This information was disclosed by Ripple’s General Counsel Stuart Alderoty himself. According to him, the massive fine proposal is currently under seal by the court but will be officially unveiled on March 26th.


This is the latest move by the SEC in the ongoing battle since 2020, where they accused Ripple of unlawfully selling securities in the form of XRP tokens. Despite a partially favorable ruling from the federal court, the SEC remains steadfast in pursuing the lawsuit.

Alderoty declared that Ripple will fight to the end, rebutting the SEC’s request for a hefty fine in April. The legal battle between the two parties has escalated to new heights, with the potential $2 billion fine looming as a decisive blow.

The SEC’s action is part of Chairman Gary Gensler’s cryptocurrency crackdown campaign over the past two years. Rumors of Ethereum being the next target are also circulating. The heat of the fight against cryptocurrencies shows no signs of cooling down.

Related: Ethereum and XRP Maintain Positions Amid Market Volatility

Ripple’s (XRP) price volatility
The cryptocurrency market seems unfazed by this news and remains optimistic, with XRP prices recovering gently, unaffected by the news of the SEC’s massive fine. Will the tension continue to escalate.

Chart Xrp Ripple
Chart Xrp
Read More
#SEC
#XRP
5.0/5

(1 vote)
Avatar of Victor
Victor
26/03/2024 at 6:44 am
Authentic

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