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In the dynamic world of social media, the winds of change are blowing once again, this time from an unexpected direction. Twitter, the troubled microblogging platform, is on the cusp of a transformation, and at the helm are two visionaries: Elon Musk, the tech mogul known for pushing boundaries, and Linda Yaccarino, an advertising powerhouse with a reputation for navigating change.

As Twitter embarks on a transformative journey, lets delve into the implications of this leadership transition and what it means for the future of the platform.

Twitter, under Musk, has always been a platform in flux. However, this latest leadership change hints at something more profound than ever before. Musk, retaining the roles of CTO and executive chairman, plans to oversee a transformation that could change the social media landscape.

The incoming CEO, Linda Yaccarino, is no stranger to upheaval. A veteran of the advertising industry, she has witnessed the evolution of media first-hand. Yet, this new challenge could be her most formidable yet. Shes not just dealing with a change of leadership, but a change of direction.

Musks fondness for digital currencies is well-documented, and his vision for Twitter suggests a fusion between social media and crypto is imminent. His proposed everything app, cryptically named X, aims to blend social interaction and financial transactions.

The integration of Dogecoin, Bitcoin, or Shiba Inu into Twitters infrastructure could be transformative, altering the platforms user base and business model. Even more intriguing, the prospect of Twitter launching its own cryptocurrency is not outside the realm of possibility.

Linda Yaccarino, a name thats about to become a household one, stands at the precipice of a transformation. As the newly announced CEO of Twitter, she must navigate the shift to a crypto-centric platform. But who is she, and why has she been chosen to steer this ship through potentially stormy waters?

With a career spanning over three decades, Yaccarino is a veteran of the world of media and advertising. Before her appointment at Twitter, she held the position of Chairman of Advertising and Partnerships at NBCUniversal.

There, she oversaw some $10 billion in annual revenue and was responsible for national advertising sales and marketing for the companys portfolio of broadcast, cable, and digital assets.

Her expertise in the advertising industry is solid. Shes known for her ability to anticipate market trends, leverage new technologies, and forge strategic partnerships, leading NBCUniversal to record profits during her tenure.

Taking the helm at Twitter, however, means facing challenges unlike any she has encountered before. Yaccarino must not only manage the expectations and uncertainties of millions of users worldwide but also navigate the pitfalls and volatility of the crypto market.

Its a delicate balancing act, ensuring a seamless transition into a crypto-centric Twitter while retaining user trust and satisfaction. Dealing with the loose cannon that is Elon Musk represents a unique challenge as well.

Moreover, Yaccarino will need to liaise between various stakeholders, including advertisers, users, employees, and regulators. Each group will have their own perspectives and concerns about the transformation of Twitter. Managing these diverse interests will test Yaccarinos diplomatic and leadership skills.

However, if theres one thing Yaccarinos career has shown, its that shes adept at managing change. Her ability to guide Twitter through this transition could redefine the companys future trajectory.

Transitioning from Yaccarinos role at Twitter, lets delve into a real-world application that could serve as a blueprint for Musks vision. Its time to turn our attention eastward, to a juggernaut in the Chinese tech landscape, to better understand what Twitter might be aspiring to become.

WeChat, developed by Chinas tech titan Tencent, has revolutionized the concept of a mobile application. Often dubbed the super app, WeChat defies the traditional app boundaries, offering a suite of services that cater to almost every aspect of daily life.

From messaging and social media to payments, shopping, and even booking doctors appointments, WeChat serves as a one-stop digital hub for its over a billion users. Its integrated payment system, WeChat Pay, has transformed China into a nearly cashless society, making it an integral part of daily transactions.

Looking at Musks vision for Twitter, parallels can be drawn. The proposed X project embodies the same ethos as WeChatan all-encompassing platform. Musks plans to integrate cryptocurrency transactions could turn Twitter from a microblogging site into a full-blown communication and financial platform.

However, there are crucial differences. While WeChat primarily uses traditional fiat currencies for its transactions, Musks vision leans towards cryptocurrencies. This pivot could offer benefits such as decentralization and global accessibility but also brings its own set of challenges including price volatility and regulatory hurdles.

Furthermore, Twitters user base is fundamentally different. WeChats success hinges on its ubiquity in China, where it caters to a vast array of local services. On the other hand, Twitter has a more global and diverse audience with different expectations and needs.

Ultimately, while Musks vision of an everything app echoes WeChats model, the execution and reception of such a transformation would be uniquely influenced by Twitters existing audience, the global crypto landscape, and the regulatory environments of the countries in which it operates.

If realized, Musks vision could transform Twitter into a digital ecosystem impacting users lives. You might log into a global news feed, crypto-powered financial tools, and purchasable NFTs from influencers. Twitter spaces could become monetized with crypto, incentivizing interactions.

Amid these potential features, one could also envision a more personalized and engaging user experience. Your Twitter feed could be populated by not only text-based tweets but also richer forms of content such as mini podcasts, interactive polls, and augmented reality experiences.

The integration of cryptocurrencies might also mean that users from around the globe, even those without access to traditional banking systems, could participate in this new economy. This could democratize access to financial tools, aligning with the ethos of decentralization that cryptocurrencies embody.

However, this vision of a transformed Twitter is not without caveats. To successfully transform, Twitter must address issues of privacy, data security, and the volatility of cryptocurrencies. Furthermore, as weve seen with WeChat, the success of an everything app could depend heavily on the regulatory and cultural contexts in which it operates.

Twitter, once a simple platform for microblogging, now rests on the cusp of a radical transformation. Elon Musks vision of a crypto-centric, everything app promises a future where communication, finance, and everyday life converge in a single digital space. If successful, Twitter could redefine what it means to be a social media platform, setting a precedent for others to follow.

However, realizing this vision wont be simple. The appointment of Yaccarino, an accomplished advertising executive, as CEO signals a commitment to navigating the transition. Yet, the road ahead is fraught with pitfalls, including market volatility, user acceptance, and regulatory hurdles.

WeChats super app model hints at Twitters future, though unique global challenges await. Musks vision for Twitter could yield an engaging, empowering digital ecosystem through diverse financial tools and democratized access.

Yet, with the potential benefits come serious risks. As Twitter embarks on this journey of transformation, it will need to address pressing concerns including privacy, data security, and the inherent instability of cryptocurrencies.

Twitter stands at a crossroads, poised between tremendous opportunity and significant risk. The decisions of its leadership in the coming months will shape not only the future of Twitter. But potentially the landscape of social media as a whole.

As we watch this space, one thing is certain: the journey promises to be as intriguing as the destination.

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content.

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Twitter Transformation: Cryptocurrency and Future Prospects - BeInCrypto

Cryptocurrency is still a fresh concept that, one day, we want to apply to our everyday lives as the future of currency. Right now, we are constantly moulding cryptocurrency to be suitable for mass adoption. While the original cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin provided the world with DeFi and anonymous tradingthey fell victim to the flaws of inefficient energy consumption or poor utility for the mass market.

Today, the emergence of new-age cryptocurrency has arrived, providing technology with an array of benefits and solving the problems past cryptocurrencies faced. Cosmos (ATOM), Avalanche (AVAX) and DogeMiyagi (MIYAGI) all have unique tech to offer on the table for the crypto community and beyond.

Cosmos (ATOM) is a cryptocurrency that facilitates communication and interoperability between blockchains. Interoperability is one of the biggest issues facing the blockchain industry, and Cosmos is poised to solve it. Cosmos aims to create an ecosystem where blockchains can communicate with each other, facilitating the exchange of assets and information.

Cosmos uses a unique Cosmos Hub technology to enable interoperability. The Cosmos Hub is a central clearinghouse, allowing for seamless communication between blockchains. With Cosmos, blockchains can be built independently, but they can still communicate with each other, making it easier for developers to build decentralised applications that can work across multiple blockchains.

Avalanche (AVAX) is another cryptocurrency gaining popularity due to its unique technology. Avalanche is a blockchain network that boasts lightning-fast transaction speeds and low transaction fees. The network can process up to 4,500 transactions per seconda vast improvement over the transaction speeds of other popular cryptocurrencies.

Avalanches consensus mechanism ensures that the network can process transactions quickly and efficiently, without compromising security. Avalanche can also be traded with Ethereum using Avalanche Bridge. Developers can easily build decentralised applications that can run on both Ethereum and Avalanche.

DogeMiyagi (MIYAGI) is a technically advanced meme coin that has gained immense popularity in the crypto community due to its innovative technology and unique features. It uses a proof-of-stake (PoS) algorithm that is energy efficient, unlike the proof-of-work (PoW) algorithm used by Bitcoin and many other cryptocurrencies. It has a wide range of features, including a decentralised exchange, staking, and a governance system that allows holders to vote on important decisions.

One of DogeMiyagis most remarkable features is the Killer Swap Machine, a decentralised exchange (DEX) that allows users to swap cryptocurrencies without intermediaries, providing a safe and secure way to trade assets. Another standout feature is the DogeMiyagi NFTs, unique digital assets that are designed to represent different aspects of the DogeMiyagi ecosystem, such as characters, tokens, and assets.

Overall, DogeMiyagi, Avalanche, and Cosmos are all great examples of how new-age cryptocurrencies are bringing innovative technology to the crypto space. While each has unique features and strengths, DogeMiyagis PoS algorithm, Killer Swap Machine, and NFTs make it a technically advanced meme coin worth considering for those looking to invest in the next generation of cryptocurrency.

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Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

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DogeMiyagi, Avalanche and Cosmos: New Crypto coins setting new ... - Euro Weekly News

State election officials are fining the Democratic Party of Oregon a $15,000 late filing fee after the party changed the donor of a hefty campaign check.

The state also plans to monitor the Democratic Party of Oregons financial disclosures to ensure campaign finance laws are being followed in the future. The secretary of states office initially proposed fining the party $35,000 after a three-month investigation but lowered the amount.

While the financial penalties are significant, the most important part of the settlement are the numerous oversight requirements the DPO has agreed to, including spot checks by Elections Division investigators, to ensure compliance with all state campaign finance laws, Cheryl Myers, acting secretary of state said in a statement. In too many cases, people who violate campaign finance laws pay a fine and move on.

But if for some reason the DPO doesnt comply with the oversight requirements reached in the settlement, they could be on the hook to pay a larger fine up to $50,000.

The state was prompted to take a closer look at $500,000 contribution in question after The Oregonian/OregonLive reported the contribution was not actually from Prime Trust, which is how Democratic Party officials reported it on their campaign finance filings. Instead, Prime Trust was merely a pass-through and the donation really came from Nishad Singh, a former executive at the disgraced cryptocurrency exchange FTX.

The fine concludes the investigation into the state Democratic party, but officials are still looking into whether Singhs actions were a violation of the law.

We have closed the investigation into whether DPO reported a contribution under a false name, and we are focusing that investigation on Nishad Singh. This settlement allows the possibility of reopening an investigation into the DPO if new information comes to light, Myers said.

DPO Executive Director Brad Martin said in an email that the party chose to move forward with the settlement in order to eliminate distractions from its primary goal: electing Democrats.

The DPO accepts this settlement and welcomes todays closure of a case that boiled down to an individual lying about a donation and the DPO making the correct information available as soon as it learned about the donors lie, the statement read.

FTX, the exchange Singh worked for, has come under intense scrutiny amid charges its founder, Sam Bankman-Fried, defrauded investors.

Bankman-Fried and his associates are also face accusations they violated campaign finance laws by routing money through straw donors people who made contributions at FTX officials behest in order to avoid federal giving limits.

Its a felony to make a campaign contribution under a false name. Oregon has no campaign finance limits for state political races and causes, and Singh could have given the $500,000 to the state party in his own name.

State election officials are still conducting a preliminary investigation into whether the contribution was made using a false name.

Link:

State election officials fine Democratic Party of Oregon for cryptocurrency donation flap - Oregon Public Broadcasting

The San Francisco-based Secret Service and the Regional Enforcement Allied Computer Team (REACT) have teamed up to host an ask me anything (AMA) session on Reddit at 11 AM Pacific time today.

This joint initiative aims to educate cryptocurrency enthusiasts about recent crimes and provide them with valuable insights on how to avoid becoming victims.

Financial fraud and criminal schemes such as money laundering, phishing, and cyber attacks tend to go to where red-hot traction hovers, so it's no surprise that the crypto market is seeing a spike in related crime.

As detailed in the Chain Analysis Crypto Crime Report for 2022, the digital asset market recorded an all-time high of $20.6 billion worth of transactions.

To curb this skyrocketing defect from garnering momentum, the U.S. Secret Service and Regional Enforcement Allied Computer Team (REACT) have announced an "Ask Me Anything" session scheduled to kick off at 11 AM Pacific Time.

The host of the AMA session will be moderators on R/cryptocurrency, arguably the biggest crypto-centric forum with an astounding six million followers and a reputable engagement portal for fans, enthusiasts, traders, and investors globally.

The U.S. Secret Service and REACT strategic collaboration will engage and educate members of the R/cryptocurrency community on identifying crypto scams and avoiding related crimes.

Cyber security and digital forums identify the upcoming event as a significant measure in the fight against high surging scams and fraudulent activities in the crypto sphere.

The duo is the perfect group to head this event based on their prestige and commitment to fighting against financial crimes.

The San Francisco Secret Service chapter comprises special agents and analysts dedicated to keeping cryptocurrency users safe.

REACT, on the other hand, focuses on investigating tech-powered crimes to disrupt cybercriminal networks, identify threats, and share expertise to solve cyber fraud issues.

The importance of cryptocurrency is spreading like a bonfire as the digital sector strives to become an acknowledged and globally accepted legal tender.

As digital assets push through the global financial infrastructure, which both the Secret Service and REACT are mandated to secure, the two teams will provide resources, tips, and comprehensive education to protect crypto users from victims of scammers.

More so, members of the revered forum will have the opportunity to ask questions and get comprehensive answers that can be applied as daily safety measures while navigating the crypto market.

Financial regulators in the United States have scrutinized the development of the crypto industry ranging from traded securities and exchanges such as Binance, Coinbase, and Kraken.

Already, a series of lawsuits have been slammed against these digital asset entities as an additional step to protect investors from scams, colossal losses, and market manipulation.

Although popular regulators, including the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), have installed frameworks to monitor and guide the crypto sector, there's still a stretch of potential yet to be amassed.

Financial experts believe these regulators can emulate the Secret Service and Regional Enforcement Allied Computer Team (REACT) by collaborating to host interactive events on forums.

This will enable crypto users to share ideas, get more familiar with the legal framework, and apply resources to identify suspicious assets and exchanges.

See original here:

US Secret Service to Host Reddit AMA on Cryptocurrency Crime ... - Cryptonews

An often overlooked aspect of the cryptocurrency markets reputation for volatility is the effect sudden market changes can have on the mental health of traders and investors.

Addiction to day trading, or pathological trading, is already well-known among stocks and commodities traders and has been extensively documented by medical professionals. There are even rehab programs devoted to treating day-trading addiction.

With its possibility of life-changing money for those lucky or savvy enough to catch it, the crypto market has generated its fair share of trading addicts.

To get a better understanding of the mechanics of cryptocurrency trading addiction and how to recognize it, Magazine sat down with Tony Marini, senior specialist therapist at Castle Craig Rehab in Scotland, and Aaron Sternlicht, co-founder of New York-based private practice Family Addiction Specialist.

Sternlicht defines cryptocurrency trading addiction as the persistent or recurrent pathological compulsion and obsession to engage in the behavior of investing in or trading cryptocurrencies despite negative consequences to personal and/or professional areas such as financial loss, disruption to relationships, career problems, mental health issues, and other such negative consequences.

He believes that addictive behavior goes well beyond just buying and selling tokens. When a traders time is fully consumed with chart analysis, market research, data review, fundamental analysis or investor sentiment, there may be a problem.

The body makes a neurotransmitter called dopamine that the nervous system uses to deliver messages between nerve cells. Sternlicht says that when the price of crypto goes up and someone completes a successful trade, they receive a rush of dopamine, bringing about a feeling of pleasure.

The volatility of cryptocurrency coupled with the fact that it can be traded 24/7 can result in excessive and regular boosts of dopamine that make it much more addictive than trading other assets such as stocks, Sternlicht says. Over time, those who develop an addiction to cryptocurrency trading come to depend on it to bring on excitement and feelings of pleasure.

Sternlicht says some stimuli that release excessive amounts of dopamine such as sex, drugs, video games and social media are more likely to become addictive. He believes that due to volatile price fluctuations, successful cryptocurrency trades fall into that category.

On the flip side, other natural pleasures like eating a great meal or watching a beautiful sunset can become less stimulating and less appealing. The individual becomes preoccupied with their stimuli of choice while losing interest in other life experiences that they used to find enjoyable, as it is the brains natural inclination to seek out pleasure, Sternlicht says.

Marini points out that not everyone will become a compulsive gambler, a cocaine addict, an alcoholic or a crypto trading addict. But he believes that 3% of Brits are compulsive gamblers. The UK Health Security Agency (formally Public Health England) has estimated that about 2.2 million adults are problem gamblers or are at risk of addiction. Both Marini and Sternlicht agree that cryptocurrency addiction is very similar to gambling addiction and is treated as such.

With 33% of the country participating in the cryptocurrency market, Marini worries that hes just seeing the tip of the iceberg. I was finding there were more and more people coming through the doors that had been really drawn into cryptocurrencies, Marini says.

Since 2016, Castle Craig has had over 200 clients come in with cryptocurrency trading addiction. Marini believes cryptocurrency draws people in much quicker than gambling because of its volatility. They were looking at the pricing constantly because it fluctuates all the time. And with over 20,000 different cryptocurrencies now, theyre spending so much time on different media sites watching the cryptocurrencies, and that is becoming a problem in their life, Marini says.

Still, according to Sternlicht, most people can trade crypto without worrying. Although most individuals can invest in and trade cryptocurrencies without developing a pathological issue, some individuals develop pervasive impairment related to their trading behavior that results in addiction, Sternlicht says.

Although there is no way to determine precisely who will develop an addiction to cryptocurrency trading, Sternlicht believes that those with frequent exposure to crypto, those who have experienced other addictions, or those who have had problematic gambling experiences are more susceptible. Family history of addiction, underlying mental health issues, impulsivity or risk-taking personality traits may trigger addictive behavior in traders.

In Sternlichts experience, crypto traders are frequently well-educated and financially savvy. They feel like they have a market edge and know something others dont. For example, they may spend extensive time researching the fundamentals of a particular project, or they may be highly skilled at analyzing charts, macroeconomics, market sentiment and other speculative measures. This is what is known as the illusion of control.

In a 2014 study, researchers from the Universidad de Deusto and University College London stated that the illusion of control consists of overestimating the influence that our behavior exerts over uncontrollable outcomes. According to Sternlicht, that false sense of security can encourage traders to take more risks and trade more frequently. If traders feel they have an edge, they may be more likely to place risker or larger trades and develop an addiction to trading.

Marini created the Crypto Curve, a diagram that maps out the life cycle of these types of risky behaviors. Not to be confused with the well-known crypto J-curve, which models the market value of a cryptocurrency over time, Marinis Crypto Curve visualizes the evolution of addictive trading from highly fulfilling and desperation to realization, recovery and growth.

According to Sternlicht, some signs to look for include unsuccessful attempts to stop or moderate trading, thinking about crypto when not trading, associated feelings of guilt and shame, and hiding losses from loved ones. Lying, stealing, selling things or borrowing to continue to trade are also red flags.

One client of Marinis worked for a financial company and embezzled $1.5 million in Bitcoin. He then lost $1.2 million of the stolen funds. Another client who came to Castle Craig for substance abuse and was able to abstain subsequently earned half a million euros trading cryptocurrency. Two years later, the client returned to the clinic, having relapsed with drugs and alcohol and lost all their crypto.

Additional signs of addiction may include spending money allocated for living expenses on crypto, prioritizing trading over relationships and career opportunities, difficulty concentrating, loss of interest in non-crypto activities, and difficulty sleeping due to trading or trading-related activities.

For those seeking outpatient help, Sternlicht tailors treatment to meet the needs of each client. Although he doesnt have a one-size-fits-all approach, there is a general, modifiable framework. After an in-depth evaluation by his team, customized treatment plans are created that may include therapy, coaching, psychiatry, family/couples counseling, financial oversight, sleep-exercise-nutrition monitoring and daily check-ins. Drug and alcohol testing may also be applicable. Sternlicht also integrates mindfulness and holistic therapies.

Financial monitoring is a key component of Sternlichts approach. With all of our cryptocurrency addiction clients, we find it beneficial to set up financial monitoring systems of their assets, including bank accounts as well as trading platforms if they are still active. Digital wallets are accounted for as well, Sternlicht says.

Sternlicht believes that overseeing assets and sometimes, even temporarily removing control of those assets from the client can help the individual become accountable and focused on recovery. This financial oversight can be performed by a trusted friend or family member, a financial professional, or a member of Sternlichts staff.

During a session, a client might focus on identifying trading triggers and establishing coping skills to refrain from trading, building trust and setting boundaries in relationships, or working through mental health issues and trauma.

Between sessions, the team tracks sleep, nutrition, exercise and digital usage. Recovery is like a puzzle of various pieces, and the more pieces that are put together, the better chances the individual has to live a thriving and successful life, Sternlicht says.

According to Marini, Castle Craig treats cryptocurrency addiction as a form of gambling addiction. They combine cognitive behavioral therapy with a 12-step approach. The first step is admitting there is a problem. Im powerless over this addiction, and because of that, my life becomes unmanageable. It just means that I have a problem here. And then when we look deeper into it, we find that I am the problem, Marini says.

Also read: Joe Lubin: The truth about ETH founders split and Crypto Google

The six-week residential program includes one-on-one therapy and group therapy. Marini believes group therapy is important because of validation and togetherness. In group work, you get that identification with someone else, so you dont feel alone anymore. The one-to-one therapys great, but the group work is probably the biggest part of it, Marini says.

According to Marini, equine therapy, art therapy and significant holistic practices are included in treatment. Recovery also focuses on avoiding post-treatment relapse and cross-addiction into substances. For example, Marini suggests that due to the volatility and 24/7 nature of cryptocurrency trading, some might turn to amphetamines to be able to stay awake longer.

In the end, Marini believes that recovery is about finding oneself and understanding what addiction is and why it causes certain behaviors:

Its about finding yourself again. So awesome. We do an awful lot of that.

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Mitch is a writer who covers cryptocurrency, politics, the intersection between the two and a handful of other, unrelated topics. He believes that crypto is the future of finance and feels privileged that he has opportunities to report on it.

Continued here:

Cryptocurrency trading addiction: What to look out for and how it is ... - Cointelegraph