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[SITUATION] · [QUIET] · [TECHNOLOGY]

2 clusters · 4 sources · 1 days · First seen · Last updated

X platform cryptocurrency and algorithm updates

Overview

X is expanding its platform capabilities by planning the integration of cryptocurrency trading features. Following the implementation of ‘Cashtags’—which allow users to view price charts for assets such as Solana and Ethereum—the platform intends to introduce direct buy and sell buttons. This development aims to allow users to trade digital assets and paste contract addresses for new tokens without leaving the app.

In a separate move toward transparency, X has released the source code for its ‘Phoenix’ ranking algorithm. This algorithm determines the order of posts in the ‘For You’ feed by assigning specific weights to predicted user interactions, such as URL copies, likes, or reports.

Entities

Nikita Bier · Elon Musk · Bitvavo

Timeline

  1. 21 days ago

    [TECHNOLOGY] 2 sources
    X to integrate cryptocurrency trading features

    X plans to introduce direct cryptocurrency trading features, including trade buttons and integrated charts, to evolve into an all-in-one social media and financial services platform.

  2. 21 days ago

    [TECHNOLOGY] 2 sources
    X to introduce crypto trading features and open-source ranking algorithm

    X is set to introduce cryptocurrency buy/sell buttons and has open-sourced its ‘Phoenix’ ranking algorithm to increase transparency regarding post recommendations.

Sources

crypto-insiders.nl · digitalmusicnews.com · en.bitcoinsistemi.com · newsbit.nl