{"id":6050,"date":"2022-12-21T17:33:17","date_gmt":"2022-12-21T15:33:17","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=6037"},"modified":"2023-02-06T14:29:04","modified_gmt":"2023-02-06T13:29:04","slug":"elon-musk-resignation","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/","title":{"rendered":"Elon Musk resigning from Twitter? &#8211; News and Crypto Analysis"},"content":{"rendered":"\n<p>In this section, find each week the<strong> Analyzes<\/strong> and<strong> Crypto News<\/strong> Can&#8217;t miss this week: Elon Musk quitting Twitter? <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#Elon_Musk_resigning_from_Twitter\" >Elon Musk resigning from Twitter?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#Elon_Musk_resigning_The_price_of_Dogecoin_in_free_fall\" >Elon Musk resigning : The price of Dogecoin in free fall?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#New_fraudulent_crypto_tokens\" >New fraudulent crypto tokens?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#The_end_of_Ren_Protocol\" >The end of Ren Protocol?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#Crypto_of_the_week_%E2%80%93_XDC_Network\" >Crypto of the week &#8211; XDC Network<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Elon_Musk_resigning_from_Twitter\"><\/span>Elon Musk resigning from Twitter?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"867\" height=\"487\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-13.png\" alt=\"Elon Musk resigning from Twitter?\" class=\"wp-image-6041\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-13.png 867w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-13-300x169.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-13-768x431.png 768w\" sizes=\"(max-width: 867px) 100vw, 867px\" \/><\/figure><\/div>\n\n\n<p>In fact,<strong> Elon Musk<\/strong> recently went viral. the<strong> Twitter CEO<\/strong> launched a public opinion poll. The goal is clear, it asks users if they want him to remain CEO of Twitter. Voting is closed and the results are final. <strong>57.5%<\/strong> of respondents voted for the resignation of Elon Musk. In total, more than<strong> 17,500,000 users<\/strong> participated. So what will Elon Musk do? So far, he has not commented on the results. But it&#8217;s only a matter of time&#8230;<\/p>\n\n\n\n<p>After less than three weeks at the helm of Twitter,<strong> Elon Musk could already retire<\/strong>. Prior to the survey, he made it clear that he would respect the results of the survey. This change would probably be the best response to the<strong> widespread criticism<\/strong> he has received in recent weeks. He was recently accused of having<strong> fired a number of people<\/strong> on Twitter and criticized for having<strong> banned some twitter accounts<\/strong>.<br>Therefore, the departure of Elon Musk from Twitter would therefore be necessary according to many users. Conversely, some shudder at the mention of this idea, these are the supporters of Dogecoin!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Elon_Musk_resigning_The_price_of_Dogecoin_in_free_fall\"><\/span>Elon Musk resigning : The price of Dogecoin in free fall?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investors<strong> Dogecoin<\/strong> are currently sulking, to say the least. Nevertheless, they still trust Elon Musk to not resigning. At the same time, it&#8217;s a bit normal when you know he&#8217;s the<strong> best Dogecoin VRP<\/strong>. Over the past year, Elon Musk has repeatedly used his weapon of choice,<strong> the tweet<\/strong>, to do<strong> dogecoin praise<\/strong>. Almost systematically, his tweets had the effect of making<strong> climb the price of Dogecoin<\/strong>.<br>When Elon Musk became CEO of Twitter, investors also saw a boon for Dogecoin. Elon Musk himself had raised the idea<strong> to use Dogecoin as a means of payment on Twitter<\/strong>. In fact, it would not only give this coin a big spotlight, but it would also bring real utility to the crypto.<\/p>\n\n\n\n<p>Dogecoin investors are pessimistic due to the possible resignation of Elon Musk. Furthermore,<strong> Dogecoin price fell around 3%<\/strong> in the last 24 hours. Could this be another disillusionment for crypto investors? In a December 19, 2022 tweet, Elon Musk emphasized that the problem is not &#8220;<strong> find a new CEO<\/strong> &#8220;but to find someone&#8221;<strong> who can keep twitter alive<\/strong> &#8220;.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_fraudulent_crypto_tokens\"><\/span>New fraudulent crypto tokens?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-14.png\" alt=\"Elon Musk resigning from Twitter? : New fraudulent crypto tokens?\" class=\"wp-image-6042\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-14.png 800w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-14-300x200.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-14-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure><\/div>\n\n\n<p>As the end of the year approaches, forecasts for<strong> cryptocurrency<\/strong> get carried away. This is also an opportunity for various cryptocurrency companies to release<strong> reports<\/strong> and<strong> research<\/strong>. This is particularly true for<strong><a href=\"https:\/\/www.soliduslabs.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Solidus Labs<\/a><\/strong>. This risk monitoring firm has published its annual report on the crypto market,<strong> the result is distressing<\/strong>. Since its creation, Solidus Labs has never recorded so many<strong> fraudulent tokens<\/strong> than this year. More than<strong> 118,000 fraudulent tokens<\/strong> were deployed from January to November.<\/p>\n\n\n\n<p>A report by Solidus Labs lists BNB Chain as the crypto exchange company with the most fraudulent tokens. A study by Solidus Labs suggests that<strong> 10%<\/strong> of all BEP-20 tokens are fraudulent. Ethereum takes second place, with almost<strong> 8%<\/strong> ERC-20 tokens considered fraudulent.<\/p>\n\n\n\n<p>According to a report published by Solidus Labs, fraudulent tokens also exist on<strong> centralized crypto exchange platforms<\/strong>. Malicious developers commonly use it to raise money and fund malicious projects. Regarding the types of fraudulent tokens,<strong> Honeypot<\/strong> is by far the best known. It is a form of smart contract that does not allow the buyer to resell.<\/p>\n\n\n\n<p>More than<strong> 2 million investors fall victim to scams every year<\/strong>. This is a serious issue affecting user confidence in crypto. This is one of the reasons why crypto markets need to follow a<strong> strict regulatory framework<\/strong>. Many procedures go in this direction. We therefore expect better results in 2023.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_end_of_Ren_Protocol\"><\/span>The end of Ren Protocol?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-15.png\" alt=\"Elon Musk resigning from Twitter? : The end of Ren Protocol?\" class=\"wp-image-6043\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-15.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-15-300x169.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-15-768x432.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>The collapse of FTX had a huge domino effect on the cryptocurrency industry. Many companies have already<strong> ceased their activities<\/strong> and others are preparing to do so. Analysts believe that the impact of this collapse will continue to affect the months to come. The Ren protocol is<strong> an open and community protocol<\/strong> who<strong> enables the transfer of value between blockchains<\/strong>. He has been wearing a Damocles sword since November with the risk of closing the activity.<\/p>\n\n\n\n<p><strong>Ren Protocol<\/strong> could be stopped in the next days or weeks. However, the team does not know exactly when this will happen. Indeed, the project focused on<strong> Bitcoin<\/strong> was acquired by the bankrupt trading company<strong> Alameda Research<\/strong> in February 2021. Alameda appears to have controlled the infrastructure behind the network. This is distinctly from its node operators. Unfortunately, the team does not have all the technical information on this.<\/p>\n\n\n\n<p><br>You should know that Ren still has<strong> $15 million<\/strong> stored. This amount may be blocked in the event of a network failure. Therefore, those responsible for the project are warning the crypto community about the risks that are currently unfolding.<\/p>\n\n\n\n<p>Ren Protocol ecosystem developer Maximilian Roszko said on the project&#8217;s Discord:<\/p>\n\n\n\n<p>&#8220;We don&#8217;t know exactly when the closure will occur. It depends on the closure of the infrastructure that we do not control. It could be in the next few days, or in a week or two. We don&#8217;t have the information, but we&#8217;re trying to find out what&#8217;s going on.&#8221;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_of_the_week_%E2%80%93_XDC_Network\"><\/span>Crypto of the week &#8211; XDC Network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-16-1024x535.png\" alt=\"Crypto of the week - XDC Network\" class=\"wp-image-6044\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-16-1024x535.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-16-300x157.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-16-768x401.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/12\/image-16.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>Launched in 2017, this project represents<strong> next-generation computer network<\/strong> designed to connect businesses around the world using technology<strong> blockchain<\/strong>. It is an interoperable decentralized network suitable for both developers and institutions. The XDC network project is one of the hottest new initiatives in the cryptocurrency market. This is an ambitious project aimed at<strong> build a secure and highly scalable commercial blockchain network<\/strong>. <\/p>\n\n\n\n<p>With a Market Cap of<strong> 322,644,138<\/strong>, a price at<strong> 0.02614<\/strong>, the price undergoes this week an increase of<strong> 24%<\/strong>, made him rise to the<strong> 83rd<\/strong> CoinMarketCap ranking position<\/p>\n\n\n\n<p>Don&#8217;t forget to read our<a href=\"https:\/\/walloftraders.com\/blog\/en\/sam-bankman-fried-compensate-ftx-users\/\"> news from last week<\/a> !<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"6050\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Elon+Musk+resigning+from+Twitter%3F+-+News+and+Crypto+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Elon+Musk+resigning+from+Twitter%3F+-+News+and+Crypto+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-resignation%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this section, find each week the Analyzes and Crypto News Can&#8217;t miss this week: Elon Musk quitting Twitter? Elon Musk resigning from Twitter? In fact, Elon Musk recently went viral. the Twitter CEO launched a public opinion poll. The goal is clear, it asks users if they want him to remain CEO of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Elon Musk resigning from Twitter? &#8211; News and Crypto Analysis\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-resignation\/#more-6050\" aria-label=\"More on Elon Musk resigning from Twitter? &#8211; News and Crypto Analysis\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":6056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-6050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk resigning from Twitter? 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