Twitter Rolls Out Bitcoin Price Quotes

The addition of Bitcoin price quotations to Twitter’s social media platform occurred around the 18th of April. The price quotations are provided by the charting platform TradingView, however they are only accessible for the price of Bitcoin. Price quotes for other major cryptocurrencies are not provided. The accompanying Bitcoin price chart includes a link that users may use to purchase or sell Bitcoin on the Israeli cryptocurrency market known as eToro. In addition, a caution that reads “Your Capital Is At Risk” is shown beside the chart that displays the price of bitcoins.

Twitter has emerged as an essential component of the retail investing community, and it is anticipated that the inclusion of Bitcoin price quotations will play a big role in the dissemination of financial news and the acquisition of information. The implementation of “$Cashtags” has the goal of elevating users’ familiarity with the Bitcoin market on the site and encouraging more user participation therein.

Elon Musk made the declaration on the 17th of April that he would develop a piece of artificial intelligence software that he would call “TruthGPT” in order to battle what he considers to be a left-wing bias in the media business. It is anticipated that the AI software would actively seek the truth and encourage impartial reporting.

While Twitter is the most recent social platform to integrate Bitcoin price quotes, on April 10th, Douyin, the Chinese counterpart of TikTok, began providing Bitcoin price quotes to an estimated 730 million users in Mainland China. Twitter is the most recent social platform to incorporate Bitcoin price quotations. The quotations were, however, taken down a day later and replaced with a statement that warned users that “unofficial digital currencies do not possess the same legal standing as fiat currencies.”

The introduction of Bitcoin price quotations on Twitter’s social media platform is a big step towards expanding knowledge of and involvement with the cryptocurrency market on social media. This is because Twitter is the largest social media platform in the world. In addition to this, it brings to light the ever-increasing significance of cryptocurrencies in the financial sector, as well as the need of reliable information and impartial reporting.


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TradingView Pairs with OKX, Offering Over 260 Cryptos Trading

TradingView, a leading charting and trading platform, has partnered with crypto exchange OKX to bring more than 260 cryptocurrencies to its framework.

As the world’s most famous investing website, TradingView offers more than 100 more crypto derivatives and 640 more spot trading pairs to its 30 million users based on the OKX integration. 

Haider Rafique, the global chief marketing officer at OKX, welcomed the collaboration and stated:

“We are the first global crypto exchange of our size to integrate at this level with TradingView. Our primary focus is to bring better tooling and insights to crypto traders by allowing them to analyze market data, create custom charts, and use those signals to make more informed trades.”

The strategic collaboration will also play a pivotal role in enhancing social crypto trading by providing in-demand solutions like financial guidance and investment research.

Rafique added:

“With this partnership, TradingView customers can place trades via OKX without leaving the site, while OKX customers can make the most of TradingView charting within the OKX exchange. This enables faster decision making for traders and saves them having to click in and out of different views.”

Some of the cryptocurrencies added through the integration include Monero (XMR), Cosmos (ATOM), and Near (NEAR). Furthermore, futures and swaps will be available for coins like Litecoin (LTC), Solana (SOL), and Aave (AAVE). 

Therefore, OKX users will have the opportunity to execute trades directly through TradingView. 

By boosting business growth and development, exchanges are going a notch higher to make crypto trading seamless. 

Likewise, Singapore-based crypto exchange Bybit recently joined with Actant to provide innovative quoting, automation, trading, and risk tools, Blockchain.News reported. 

Image source: Shutterstock


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TradingView completes new funding round with $3B valuation

TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in a funding round to attain a $3-billion valuation.

Led by TradingView’s new investor, Tiger Global, the funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic. According to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months.

TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading.

Established in 2011, the platform enables over 30 million monthly users in 180 countries to access price charts of assets such as cryptocurrencies, stocks and futures.

“We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures,” Globa said, adding, “We work towards this by creating an environment where all traders and investors can look first, then leap.”

Related: Elliptic raises $60M to advance crypto analytics service

The company said that TradingView aims to bolster its broker relationships with partnerships and integrations with major brokerage firms in a bid to enable visitors to trade directly from the platform.

Tiger Global’s Alex Cook said that TradingView’s global standing among retail investors positions the company “to be the default social network and financial analysis platform used by all traders and investors.”

A known investor in crypto, Tiger Global recently led another mega-funding round. Together with Coatue Management, the venture capital has invested $400 million into the crypto payments startup MoonPay.