Twitter suffered another outage on March 1 as thousands of users flagged issues with Elon Musk’s social media platform. The outage took place as Twitter founder Jack Dorsey’s new project, Bluesky, went into beta testing. Data from Downdetector showed thousands of issue reports from Twitter users from 9 am UTC, with issues slowly being resolved over a five hour period. 59% of the reported problems were from mobile app users while a further 35% of issues were flagged by website users. Twitter is yet to issue any updates on the cause of the outage, but various reports indicate that users …

Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta. Bluesky has hit the App Store as an invite-only app, allowing certain persons to try out the new social experience by creating an account via an invite code. According to a report by TechCrunch, the Bluesky iOS app debuted on Feb. 17 and has amassed about 2,000 installs as of Feb. 28. The app is reportedly not yet available for Android testers on Google Play. As one can see on Bluesky’s App …

One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn't been the first Bitcoin developer to have his name or his work used in this way. In a Feb. 27 post on Twitter, the developer revealed a non-fungible token (NFT), featuring a picture of code he wrote, was sold at auction site for 0.41 Bitcoin (BTC), or roughly $9,500 at the time of writing. I …

Cryptocurrency lawyers have rebuffed comments made by the head of the United States securities regulator, claiming in a recent interview that every cryptocurrency except Bitcoin (BTC) is a security that falls under its jurisdiction. In a wide-ranging Feb. 23 New York Magazine interview discussing crypto, the chair of the Securities and Exchange Commission (SEC), Gary Gensler, claimed “everything other than Bitcoin” falls under the agency’s remit. He added other crypto projects “are securities because there’s a group in the middle and the public is anticipating profits based on that group” which he said is not the case with Bitcoin. Gensler …

A judge from the United States District Court of the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags mean "a financial return on investment," according to a recent court filing. In a tweet, former United States Securities and Exchange Commission (SEC) branch chief Lisa Braganca warned users of the potential legal consequence of their use of such emojis that may indicate future gains. She tweeted: A federal court judge ruled that these emojis objectively mean "one thing: a financial return on investment." Users of these emojis are hereby warned of the …

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC. The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped …

Nonfungible token (NFT) collection Friendsies has refuted claims it is “abandoning” its NFT project following a tsunami of “rug pull” accusations aimed at its founders. On Feb. 21, the founders behind the NFT project told its Twitter followers that it was putting a “pause” on Friendsies and “all future digital goods” for the time being, citing market challenges. Around 40 minutes later, the Twitter account was deleted, while the account of Friendswithyou, who developed the project, was made private — sparking rumors that the founders had “rugged” for about $5 million. With the $5.3m @friendsies_ai hard rug earlier today it …

Despite attempts to police cryptocurrency through enforcement actions, United States financial regulators “are bound by legal reality” and Congress will ultimately decide crypto regulations the policy expert for the crypto advocacy group Blockchain Association has suggested. The association's chief policy officer, Jake Chervinsky, shared his views in an extensive Feb. 14 Twitter thread on the state of crypto policy. He noted neither the Securities and Exchange Commission (SEC) nor the Commodity Futures Trading Commission (CFTC) “has the authority to comprehensively regulate crypto.” 14/ No matter how many enforcement actions the SEC and CFTC bring, they are bound by legal reality: …

The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country's regulators. Armstrong made the comments in a Feb. 9 Twitter thread which has already been viewed over 2.2 million times, after noting they've heard “rumors” that the U.S. Securities and Exchange Commission “would like to get rid of crypto staking” for retail customers. “I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.” Armstrong did not share where …

Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn Satoshi — the smallest fraction of Bitcoin (BTC) — based on post engagement on the platform. In a Twitter post, the Damus team highlighted that there will be a feature that allows users to earn Satoshis in the next version that’s “coming soon.” The team did not provide any details after the announcement. Coming soon in the next version... earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93 — Damus⚡️ (@damusapp) February 5, 2023 Damus …

Atto, the pseudonymous founder behind Little Shapes NFT has revealed that the project was actually a “social experiment” designed to shed light on large-scale NFT bot network scams on Twitter. Since late December, Little Shapes had been attracting a fair amount of attention from the media and crypto community. This is due to several semi-viral tweets detailing incidents in the founder's life that seemed too good to be true. Examples of such included him waking up from a five-month coma, finding out he had assets locked on FTX, telling his wife and then finding out she was cheating on him …

The memecoin phenomenon didn’t prove as effective in the last month's start of year crypto market rally, as the gains of the top cryptocurrencies in this category barely outperformed Bitcoin. The monthly gain of BTC stood at 44.5%, while the top two meme-based coins DOGE and SHIB gained 27% and 40.7%, respectively. Doge needs a market moving catalyst Dogecoin is losing its popularity as its most prominent supporter Elon Musk is reportedly developing an independent Twitter Coin instead of integrating his favorite cryptocurrency with the social media platform owned by the entrepreneur. For the greater part of 2022, DOGE/USD performed …