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Just In: Twitter Board Finally Bows to Pressure and Officially Accepts Elon Musk’s $44B Bid

Lele Jima
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Just In: Twitter Board Finally Bows to Pressure and Officially Accepts Elon Musk’s $44B Bid

Elon Musk’s Twitter takeover will be completed this year if all conditions are met. 

The board behind popular microblogging platform Twitter has finally announced that it has reached an agreement with Elon Musk, a development that will see the Tesla CEO and founder acquire 100% of the company’s stake. 

Details of the Agreement

Announcing the development in a press release today, Twitter noted that it would accept Musk’s $54.20 per share bid worth approximately $44 billion.  

Notably, once the deal is finalized, Twitter will be taken private by Musk, who is a known cryptocurrency enthusiast. 

Excerpt of the terms of agreement of the deal shows that all Twitter stockholders will receive $54.20 for every of the company share they own, which represents a 38% increase to the value of the asset class as of April 1, 2022, the last trading day before the Tesla boss declared he own a 9% stake in the company. 

“The Twitter Board conducted a thoughtful and comprehensive process to assess Musk’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium and we believe it is the best path forward for Twitter’s stockholders,” Bret Taylor, Twitter’s Independent Board Chair, said. 

Although the deal is tipped to close this year, its finalization will be subject to a number of factors, including shareholders’ and regulatory approval, as well as the satisfaction of other customary conditions. 

According to the announcement, Musk has already secured $25.5 billion of fully committed debt and margin loan and he will also provide an additional $21 billion worth of equity commitment. 

Interestingly, Twitter added that there are no financing conditions required before the close of the deal. 

Musk’s Move to Buy Twitter

The internet has been riffed with reports of Musk moving to acquire 100% stake of Twitter. While many suggested that the acceptance of Musk’s $44 billion bid will not see the light of day, developments in the past few hours had indicated otherwise. 

The Twitter board was forced into considering Musk’s proposal after the Tesla exec explained the financial details of his offer to Twitter shareholders, which saw a number of the company’s investors indicating interest in the deal. 

For Musk, Twitter has the potential to reach tremendous heights when it is taken private with priorities given to free speech. 

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in today’s announcement. 

Meanwhile, Musk disclosed over the weekend that he will wage war on Twitter spam bots once his offer is accepted by the board. 

Two European Citizens Charged with Assisting North Korea to Evade U.S. Sanctions Using Cryptocurrencies

Lele Jima
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Two European Citizens Charged with Assisting North Korea to Evade U.S. Sanctions Using Cryptocurrencies

U.S. authorities have indicted two European citizens for conniving with a sentenced cryptocurrency researcher to help North Korea evade United States’ sanctions. 

The two indicted Europeans, Christopher Emms of Great Britain and Alejandro Cao de Benos, a Spanish resident, were alleged to have conspired with digital currency researcher Virgil Griffith to educate North Korea about how to conduct cryptocurrency transactions and evade sanctions.

Following the charges leveled against the duo, Manhattan prosecutors say the suspects could face up to 20 years jail term if found guilty.

“As alleged, Alejandro Cao de Benos and Christopher Emms conspired with Virgil Griffith, a cryptocurrency expert convicted of conspiring to violate economic sanctions imposed on North Korea, to teach and advise members of the North Korean government on cutting-edge cryptocurrency and blockchain technology, all for the purpose of evading U.S. sanctions,” U.S. Attorney Damian Williams said.

Griffith Sentenced

Notably, Griffith, who pleaded guilty to the crime in September 2021, was slammed with 5-¼ years in prison and $100,000 fine for the role he played in helping North Korea to evade the United States sanctions using the nascent asset class.

As reported last year, despite warnings to Griffith by the U.S. Department of State to deny an invitation from North Korean authorities, the convict still ignored all calls.

According to reports, he traveled through China to North Korea and made a presentation at the Pyongyang Blockchain and Cryptocurrency Conference about using the asset class in April 2019.

While Griffith has already received his sentence, Benos and Emms, who are alleged to have conspired with the cryptocurrency expert, are yet to know their fate, as prosecutors noted they are currently on the run.

Per the charges, Emms specifically noted in his presentation that cryptocurrencies can be used to transfer money to any part of the world irrespective of existing sanctions, prosecutors allege.

North Korea Linked With Illicit Cryptocurrency Transactions

Meanwhile, North Korea has been accused on several occasions of turning to cryptocurrencies to evade sanctions. The country was alleged to have conducted a massive heist across various exchanges globally that resulted in the theft of over $2 billion in cryptocurrencies.

Last week, U.S. authorities blamed hackers linked to the North Korean government for stealing over $600 million in Ethereum from Sky Mavis, the team behind the popular cryptocurrency play-to-earn game Axie Infinity.

Dogecoin Perpetual Swaps Volume Increase 6X In 24 Hours Amid Musk Twitter Takeover Reports

Mark Brennan
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Dogecoin Perpetual Swaps Volume Increase 6X In 24 Hours Amid Musk Twitter Takeover Reports

 

Dogecoin (DOGE) Value Soars Amid Reports of Twitter Accepting Elon Musk’s $43 Billion Bid.



Massive growth in Dogecoin’s value following reports that Elon Musk’s Twitter bid will be accepted later today.

Popular meme coin Dogecoin (DOGE) has recorded a sensational rally in different aspects following reports that Elon Musk, a major proponent of the cryptocurrency, is close to acquiring the microblogging platform Twitter. 

Increase in Perpetual Swaps Volume 

Per data published by cryptocurrency aggregator data platform IntoTheBlock today, the Dogecoin volume in perpetual swaps across major exchanges, including Binance, Bitfinex, FTX, etc., has surged tremendously over the last 24 hours. 

According to the data, the perpetual swap for the popular memecoin surged by 6x to $3.13 billion earlier today after news that the Twitter board will officially announce Musk’s acquisition of the microblogging platform. 

It is worth noting that the last time the cryptocurrency volume in perpetual swaps surged above $3 billion was on April 6, 2022, after $4.48 billion was recorded. 

“DOGE is reacting to the possible acquisition of Twitter by @elonmusk. The volume in perpetual swaps has increased by 6x in 24hours, reaching a 3-week high of 3.13b [USD],”  IntoTheBlock tweeted today. 

Perpetual swaps are a variant of futures trading, which offers traders an opportunity to enter large positions in a cryptocurrency with little money committed. 

Santiment data shows that Twitter fueled the Dogecoin pump. When news of Elon taking over Twitter came Dogecoin pumped 19% in some hours, as history shows doge mostly profited from Musk tweets.

 

More Dogecoin Holders in Profit At Current Price 

Aside from a massive boom in the volume of Dogecoin perpetual swaps, the cryptocurrency’s value has also surged tremendously. 

At the time of writing, Dogecoin is up above 9% from what was recorded in the last 24 hours, as the token has increased from a 24-hour low of $0.124 to $0.144. 

Following the current price of Dogecoin at $0.144, IntoTheBlock data shows that a majority of Dogecoin holders are currently in profit. 

Per the data, 59% of traders are holding DOGE in profit, while 35% are currently in the loss. Similarly, 6% of traders are holding the cryptocurrency at a break-even price, which implies that they are neither in profit nor loss. 

doge holders making money

Although both Musk and the Twitter board are yet to release any official comment about the former’s bid, people familiar with the matter are confident that the Twitter team will release a statement today about a possible acceptance of Musk’s $43 billion offer. 

Top Whale “Bombur” Buys Over 207 Billion Shiba Inu in 7 Days Without Selling, In Total She Owns 855B Shib

Zabi
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Top Whale “Bombur” Buys Over 207 Billion Shiba Inu in 7 Days Without Selling, In Total She Owns 855B Shib

 

Top Whale “Bombur” Accumulates More Than 207 Billion Shiba Inu Within 7 Days While Selling None.


 

Top ETH Whale “Bombur” Bought 51.79 Billion Shiba Inu (SHIB), Worth $1.17 Million Within Past 24 Hours, and 207.35 Billion SHIB Within Last 7 Days.

The 15th biggest Ethereum (ETH) Whale, labeled “Bombur,” seems to be impressed with the recent developments in the Shiba Inu ecosystem as she accumulates the popular dog-themed cryptocurrency in large quantities for more than a week.

Over 207.35 Billion SHIB, worth $5.05 million has been accumulated by “Bombur” through 4 separate transactions in the last 7 days.

As per WhaleStats report, the major ETH whale labeled “Bombur” wallet just performed her fourth transaction of the week and gobbled up 51,799,991,288 (51.79B) SHIB in exchange for $1,178,967 ($1.17M) today.

Bombur was active last time on April 21, 2022. That day she scooped up total of 105,037,417,744 (105.03B) SHIB, worth $2,553,138 ($2.55M) through two separate transactions. (1st Transaction = 50,992,035,458 (50.9B) SHIB, and 2nd Transaction = 54,045,382,286 (54B) SHIB. Moreover, she added 50,520,317,707 (50.52B) SHIB, worth $1,276,499 ($1.27M) on April 18, 2022.

At the time of writing, Shiba Inu is her 23rd biggest holding position by dollar value, and currently has 855 billion SHIB, worth $19,482,960 ($19.48M) in her wallet.

Etherscan.io data further confirm that the whale hasn’t sold even a single token since 13th April 2022, following SHIB listing on one of the leading exchanges with 22 million registered users, Robinhood.

bombur whale stats
image source: etherscan.io

 

As per WhaleStats, SHIB appears to be the biggest holding position by dollar value among the top 2000 ETH whales, as they now hold $1,396,267,738 ($1.39B) worth of SHIB.

Bitcoin Developers Release Bitcoin Core Version 23.0 to Enhance Network’s Performance 

Lele Jima
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0
Bitcoin Developers Release Bitcoin Core Version 23.0 to Enhance Network’s Performance 

Bitcoin developers are not relenting as a new version of the Bitcoin software goes live.


Despite the sensational performance of the Bitcoin network in recent times, developers are still poised to make the blockchain better than its current status.

In an announcement today, the Bitcoin Core team noted that it had released version 23.0 of the Bitcoin Core software, an upgrade that will bolster the connection speed of the software to the Bitcoin network.

It is worth noting that the new Bitcoin Core version has been silently released by the development team and no announcement was made about it.

However, it was after Web 3.0 developer and researcher Zhixiong Pan searched the GitHub repository before he discovered that a new version of the Bitcoin Core software had gone live.

After the discovery, Pan took to Twitter to announce the development, adding that the software has some of the best features.

Some of the Bitcoin Software features included a MacOS ARM build and the Apple Silicon M1 chip.

Pan, tweeted in Mandarin that following the integration of the Apple Silicon M1 chip, Bitcoin Core 23 has become the first of the core software to feature the chip.

“[…] This will likely be the first version of Bitcoin Core to natively support Apple silicon (M1 family) chips,” excerpts from Pan’s tweet read.

Brazilian Soccer Legend Ronaldinho To Launch His Token

Albert Brown
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Brazilian Soccer Legend Ronaldinho To Launch His Token

 

Ronaldinho to launch his token.



Famous ex-soccer star, Ronaldinho, has announced that he now owns a crypto token. As he is fondly called, Ronny is launching his token (RON) through POOLS (a top social token network).

Ronaldinho joins the list of new-gen creators using the token ownership model to have a deeper connection with their fans. According to the soccer legend, his fans have been the key to his phenomenal success on and off the pitch throughout his playing career across various continents.

He added that he now regards fans as a family due to their affectionate support for him all over the years. Hence, he thought that the best way to deepen his connection with his fans was to build a platform where he could share ownership with his fans.

Ronaldinho further said, “this is why I am incredibly excited to launch my token with POOLS. Working with POOLS has been an opportunity to rethink how I connect with my fans, create new and stronger bonds, and build a global community where ownership is shared.”

RON token benefits for holders

Holders of this token will have exclusive access to what goes on in the life of the former Ballon d’Or winner. Some of what would be accessible to RON token holders include exclusive access to Ronaldinho NFTs and all his private events.

“The RON token will allow holders to fully immerse themselves in Ronaldinho’s universe, from exclusive content, events, and merchandise to token-gated channels and NFTs.”

Also, the token allows all Ronaldinho fans to associate with one another. While speaking on the partnership with Ronaldinho, POOLS CEO Hugo Renaudin stated that the goal of POOLS is to enable and deepen creator-fan relationships. Hence, they are excited about this launch and firmly believe it will launch POOLS to a broader global audience.

Then, he added, “it is with great honor that we welcome Ronaldinho among us.” The formal launch of the RON token will take place this Thursday, and fans can start earning RON tokens beginning from the launch date. Some of Ronaldinho’s lovers will earn free tokens on that day based on their answers to trivia questions about the former World Cup winner.

Ronaldinho Gaúcho, one of the greatest football superstars, recently announced the launch of an NFT collection in partnership with Baby DogeCoin (BabyDoge).

Shiba Inu Trending In USA, Canada And Asia Amid Burn Portal Launch

Zabi
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0
Shiba Inu Trending In USA, Canada And Asia Amid Burn Portal Launch

 

Shiba Inu (SHIB) becomes word of mouth once again following the official launch of the much-awaited “SHIB Burn Portal.”



The Shiba Inu Community is much excited about the launch. The portal enables everyone in the community to do their part in burning Shiba Inu tokens while earning rewards in Ryoshi Vision, the partner token of the SHIB ecosystem.

In less than 48 hours of launch, over 12 billion SHIB tokens have been successfully taken out of circulation forever.

In response to this much excitement, the most popular dog-themed cryptocurrency appears to become one of the trending topics on different social media platforms – especially Twitter.

At the time of writing, Shiba Inu is also seen trending on CoinMarketCap (CMC), the world’s most-referenced price-tracking website.

Moreover, Shiba Inu is also recognized as one of the “Most Trending Cryptocurrencies” on CoinGecko, the world’s largest independent cryptocurrency data aggregator, amid significant developments in play. The major developments include the launch of SHIB: The Metaverse and SHIB Burn Portal.

CoinGecko has recently released a “Top 10 Most Trending Crypto Coins” list for the USA, Canada, and Asia.

Shiba Inu is seen leading all the charts and is recognized as the 2nd most trending coin in the USA.

Whereas the most popular dog-themed cryptocurrency manages to grab the 3rd spot on Canada’s Top 10 chart.

At the same time, SHIB made it to the 10th most trending coin in Asia.

Michael Saylor Debunks Rumors of Microstrategy’s Secret Bitcoin Sales

Mark Brennan
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Michael Saylor Debunks Rumors of Microstrategy’s Secret Bitcoin Sales

 

Microstrategy is not secretly selling bitcoins.



A few days ago, rumors started circulating on social media that Microstrategy has started secretly selling some of its Bitcoin holdings. After an address known as “1P5ZED” was involved in moving a considerable amount of bitcoin, rumors regarding Microstrategy selling its bitcoin holdings arose.

According to analysts and crypto aficionados, Microstrategy or any cryptocurrency exchange was most likely the whale causing the selling panic. Twitter soon filled with rumors that Microstrategy is selling BTC. Hence, many twitter crypto experts alleged that the amount of BTC involved in the transaction was so large that only a crypto whale (whether a crypto exchange or a company like Microstrategy) could be involved in such a transaction.

However, the CEO of the asset management firm, Michael Saylor, has stated that those rumors are completely false. He further explained that any publicly listed company like theirs couldn’t sell any assets under its management without filing such intended transactions with the US SEC.

Saylor also said the company’s shareholders must duly approve any BTC sale (no matter the amount). The BTC advocate further said that his firm isn’t ready to start selling any of its BTC holdings and would only keep adding more to what they currently own.

 

Part of Saylor’s tweet reads, “… When MSTR makes any material change to its corporate strategy or BTC holdings, we will disclose to our shareholders via sec filings, available to all.”

Microstrategy acquires more BTC worth nearly $191m

As the head of the bitcoin mining corporation across North America, Michael Saylor is a highly respected figure in the crypto space. Microstrategy’s long-term is to keep accumulating more BTC, whether the crypto market is in a bullish or bearish season.

Saylor says:

“You have Nothing to fear owning more bitcoin.”

 

Earlier this month, the company announced that it had increased its BTC holdings by 4,168 BTC (valued at nearly $191m). The BTC acquisition came a few days after Saylor tweeted that the company won’t mind borrowing to buy more BTC. Microstrategy’s latest filing shows that their BTC holdings are now 128,219 BTC bought, with each BTC bought at an average price of $30,750.

Fear of Legal Implications Forces Twitter Board to Consider Accepting Elon Musk’s $43B Bid Today

Lele Jima
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0
Fear of Legal Implications Forces Twitter Board to Consider Accepting Elon Musk’s $43B Bid Today

The Twitter board is poised to accept Elon Musk’s bid for the company today.


Following reports that the Twitter board is seriously considering Elon Musk’s bid to acquire a 100% stake in the microblogging platform, people familiar with the matter have told Reuters that the board is poised to agree to the Tesla’s executive’s offer of $43 billion for the company.

According to Reuters, Twitter’s board will reportedly make an announcement today about the acceptance of Musk’s bid after it has met and recommended the transaction to the company’s shareholders.

Meanwhile, attorney John Deaton has disclosed that the Twitter board has been forced to consider accepting Musk’s offer because of the proposals’ legal implications.

Deal May Collapse

However, there is a possibility that the deal may collapse at the last minute. At the moment, everything seems to be going in Musk’s favor as Twitter has not been able to secure a go-shop provision under its agreement with the Tesla exec, a move that would potentially allow the board to source for other bids once a deal is signed.

Per sources familiar with the matter, if the board gets a better offer than the $54.20 per share bid, Musk is proposing, it would be forced to accept the bid from the new buyer.

However, the board will have to pay a break-up fee to Musk, a Bitcoin proponent, the sources added.

Twitter Shares Soars After Musk’s Bid

Both the board and Musk are yet to comment on recent developments. At press time, Twitter stocks are up 4.5% in New York pre-market trading, as shareholders seem excited about the development.

Recall that Musk is committed to acquiring Twitter as part of an effort to promote free speech on the platform and to protect the interests of shareholders over the board, who own an insignificant amount of the company’s stock.

Musk, who disclosed that he may be forced to reconsider his 9% holdings of the company’s stock if his $43 billion bid is rejected, noted that he will also deploy an alternative plan.

Part of the plan is to launch a decentralized social media platform that will use Dogecoin (DOGE).

Last week, Musk pushed the board to take his deal seriously by disclosing a financial package that would back the deal, a move that prompted shareholders to call on the board to accept Musk’s offer.

5 Tips For Choosing The Right NFT Marketing Agency

Mark Brennan
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5 Tips For Choosing The Right NFT Marketing Agency

Non-fungible tokens (NFTs) are unique cryptographic assets that have taken the world by storm. NFTs are lucrative investments for art enthusiasts, tech investors, and other players despite their hefty value. As such, this emerging sector is estimated to be worth billions.

Because of the volume of NFTs being released and traded on the market regularly, it can be challenging to break through this highly competitive industry. Your business must stand out from the competition. Hence, working with an NFT marketing agency will be the best move for you.

As with traditional marketing firms, a reputable NFT marketing agency will work to pull your rankings up in the industry.  Yet how do you choose one that’s best for your business? Read on to know the answers.

1. Be Clear With Your Marketing Goals

All collaborations must start by setting clear objectives between the parties involved. What do you want to achieve from your campaign, and how can your chosen NFT marketing agency deliver them? These are the most critical questions you’ll have to answer before setting out and looking for a partner. Don’t forget to ask questions to your prospects before opting for a partner.

If your organization knows its goals, it will be easier to explain what you want to get from the partnership. These goals will also be the bases for setting project goals, key performance indicators, and deliverables.  At the same time, the NFT marketing agency can leverage this knowledge to provide the best service based on your needs.

2. Consider Experience In The NFT Niche

This may sound common sense, but the NFT marketing agency you choose to work with must have ample experience in the field. NFT is a relatively new sector, and those who have yet to make their mark may find it hard to sell their business.

An inexperienced marketing firm might find it challenging to wade through the obstacles and limitations that the industry might have. In addition, an industry newbie lacks the expertise in understanding your needs and objectives, leading to costly mistakes. Without knowing how to implement tried and tested approaches and merge them with the latest trends in digital marketing, your business won’t be able to stand out and succeed.

3. Check The Culture And Overall Fit

Like other types of partnerships, check whether your business culture and the NFT marketing agency align with each other. Choose a firm that doesn’t only belong to the same industry as yours but one that can truly understand your business. For instance, a hip and sporty NFT marketing agency may be suitable to market Michael Jordan NFTs, but the same firm may not be as effective in selling posh virtual fashion-focused NFTs.

While creativity is crucial, an agency focused on producing results would be better. Ask for the contact details of their previous clients to know how the firm handled their projects, so you can gauge whether it’s the right fit for your business.

4. Look At The Agency’s Reputation

Apart from contacting previous clients, read through client testimonials and reviews on the firm’s website or other non-biased review sites. Between the two, unbiased reviews from third-party sites may provide you with a better understanding of the firm’s strengths and weaknesses. Doing so gives you insights into how the NFT marketing agency will handle your project and allows you to assess their reach and reputation.

An NFT marketing agency is only as good as its established connections and the ones it continues to build. This is due to one critical element of marketing, which is to reach the highest number of prospects highly interested in your offerings. Check whether the NFT marketing agency has an established community or a huge following to see how they’re viewed in the sector.

5. Ensure They’re Industry Compliant

Regardless of how brilliant your chosen NFT marketing agency may be, this talent will all go to waste without knowledge and compliance with the ever-changing NFT rules and regulations. Digital artwork marketers must know the best practices and the don’ts of selling NFT products and services. Without these, your campaign may experience delays or run into legal problems.

The agency should use industry-approved strategies, such as tapping influencers to boost NFT marketing, tapping the NFT calendar, or using hashtags to promote digital products on social media and other communities. An NFT marketing agency must also be aware of the popular NFT marketplaces and follow posting rules to prevent account suspension and related issues.

Conclusion

Despite the thousands, if not millions, attached to the price tag, owning an NFT is an emerging trend. If you’re offering these digital products, it’s paramount to partner with a reputable NFT marketing agency to position your brand. Find the right fit to market your offerings and drive business growth successfully by referring to the tips discussed here.

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