logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Markets

Threads: Meta's Twitter Competitor Launches July 6th, Will the Crypto Community Embrace it?

By Sherry Cantwell
Jul 10, 2023
4.5 
★
★
★
★
★
★
★
★
★
★
 208 User Rating
Share

Meta, the parent company of Instagram, is set to launch its new Twitter competitor, Threads, on July 6. The platform, closely linked to Instagram, will be available for pre-order on the Apple App Store and is expected to attract users seeking an alternative to Twitter. However, Threads has received limited publicity, particularly within the Twitter crypto community. Concerns about data mining, privacy, and the longevity of standalone apps have been raised.

Crypto influencer Tiffany Fong, with a large following on Twitter and Instagram, admitted to being unaware of Threads and expressed doubts about its viability. A Twitter poll conducted by another influencer showed that a majority of respondents favored "Team Twitter" over "Team Me  ta. " Former Twitter CEO Jack Dorsey drew attention to the privacy policy of Threads, which grants Instagram access to various user data. However, researchers pointed out that Twitter has similar permissions and collects comparable data.

There are also concerns about the app's long-term prospects, as Meta has previously shut down standalone apps like Threads and incorporated their features into other products. Users have expressed skepticism about Meta's track record and its tendency to release app s for attention before discontinuing them. Despite this, Threads plans to transfer followers and watchlists from Instagram, offering users an established network from the start. While Threads prepares for its launch, the decentralized social networking platform Mastodon has experienced increased activity as users seek alternatives to Twitter following the rate-limiting incident.

In summary, Meta is launching Threads, a Twitter competitor closely tied to Instagram, on July 6. The app has received limited publicity and raised concerns about data mining, privacy, and the longevity of standalone apps. Influencers and users have expressed doubts ab out its viability compared to Twitter. However, Threads plans to transfer users' followers and watchlists from Instagram. Meanwhile, decentralized platforms like Mastodon have seen increased activity as users explore alternatives to Twitter.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • Bitcoin Steady at $65K; Fed Decision Set to Determine Path

    Bitcoin Steady at $65K; Fed Decision Set to Determine Path

    Bitcoin maintains a stable price near $65,000 as investors prepare for the Federal Open Market Committee (FOMC) meeting scheduled for July 28–29, 2026, making the upcoming policy announcement a critical factor for market participants.
    Martha Grizzard
    Jul 28, 2026
  • AI Stock Selloff Hits Wall Street; Bitcoin Holds $65K Level

    AI Stock Selloff Hits Wall Street; Bitcoin Holds $65K Level

    On Friday, July 24, 2026, Bitcoin maintained a price of $65,400, demonstrating a rare decoupling from a broader $800 billion sell-off in major U.S. technology stocks.
    Sherry Cantwell
    Jul 24, 2026
  • Bitcoin Jumps to $65K as Softer CPI Data Calms Fed Hike Fears

    Bitcoin Jumps to $65K as Softer CPI Data Calms Fed Hike Fears

    The U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI) for all items fell 0.4% in June 2026 on a seasonally adjusted basis.
    Martha Grizzard
    Jul 15, 2026

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • TradFi Giants Embrace Crypto, Ending 'Short Bankers' Era

    TradFi Giants Embrace Crypto, Ending 'Short Bankers' Era

    Two major financial institutions managing over $1,000,000,000,000 each approved crypto products during the summer market period.
    Sherry Cantwell
    Aug 17, 2026
  • Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    The Brazilian Securities and Exchange Commission (CVM) has officially established a dedicated task force to develop an experimental regulatory framework for tokenized securities, providing a fast-tracked timeline for the digital capital market.
    Martha Grizzard
    Jul 21, 2026
  • Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid has announced a forthcoming enhancement to its HIP-4 upgrade that will allow for the permissionless deployment of decentralized prediction markets.
    Christopher Smith
    Jul 21, 2026
  • DTCC Launches Live Tokenized Asset Trading for Wall Street

    DTCC Launches Live Tokenized Asset Trading for Wall Street

    The DTCC successfully transitioned from pilot testing to live production trades on July 15, 2026, marking the largest-scale institutional tokenization initiative to date.
    Cornell Rachel
    Jul 16, 2026
  • South Korea Updates Asset Law to Include Cryptocurrency

    South Korea Updates Asset Law to Include Cryptocurrency

    The South Korean Ministry of Economy and Finance announced a transition from the 1950 State Property Act to a new National Asset Basic Act to better reflect modern digital resources.
    Martha Grizzard
    Jul 16, 2026
View more data 
BTCBTC(BTC)
$0
--(Last 24h)
SpotFutures

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
Cash Cat
Cash CatCASHCAT

$0.1750

+44.51%
Storj
StorjSTORJ

$0.0549

+33.77%
DOG•GO•TO•THE•MOON
DOG•GO•TO•THE•MOONDOG

$0.001011

+29.17%
Portal
PortalPORTAL

$0.0173

+29.03%
doginme
doginmeDOGINME

$0.000104

+27.78%

Top Trending

View more
Sandisk
SandiskSNDK

$1,486.51

-7.92%
Tutorial
TutorialTUT

$0.0491

-12.99%
Semicon Bull 3X ETF
Semicon Bull 3X ETFSOXL

$110.800

-7.44%
Bitcoin
BitcoinBTC

$78,742.90

+1.70%
Ethereum
EthereumETH

$2,464.42

+0.49%

Recently added

View more
Aligned
AlignedALIGN

$0.0149

-1.51%
pipedog
pipedogPIPEDOG

$0.002301

+6.63%
Niu Lai
Niu Lai牛来

$0.0354

-18.68%
KiiChain
KiiChainKII

$0.0600

-1.81%
GameStop
GameStopGMEB

$17.9900

-2.07%

Learn

View more
  1. 1How to Set Up a BNB Chain Wallet: Step-by-Step Guide
  2. 2What Are ARC-20 Tokens? How Do ARC-20 Tokens Work?
  3. 3What Is the Usual Protocol? How Does Its Tokenomics Work?
  4. 4What Are AI Agent Frameworks? How Do They Power Cryptocurrency?
  5. 5What Is JPYSC? How Japan’s Regulated Stablecoin Works
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com