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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Twitter Scraps Free API Access, Crypto Developers Must Pay

Dalmas Ngetich
Dalmas Ngetich
2 years ago
2 mins read
Twitter APIs

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From February 9, anyone who wishes to use the Twitter application programming interface (API) will have to pay.

Twitter Scraps Free API Access

In an announcement on February 2, Twitter, one of the world’s largest social media platforms, said they will no longer support free access to their v2 and v1.1 APIs. Instead, anyone interested must have to subscribe to the basic paid tier.

Starting February 9, we will no longer support free access to the Twitter API, both v2 and v1.1. A paid basic tier will be available instead 🧵

— Developers (@XDevelopers) February 2, 2023

The Twitter API platform provides access to data sets generated and posted by millions of Twitter users. Only registered applications can access Twitter APIs and, by default, would access public data transmitted from any of the five endpoints, which include access to accounts and users, and tweets and replies.

The social media giant pointed to the quality of its data, saying that over the years, trillions of user-generated tweets have been sent by millions of users across the world. Billions of tweets continue to be sent every week. 

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The social media platform said its data sets are powerful considering their diversity and depth. Even with the new requirement, they will continue “enabling fast and comprehensive access” so developers can continue building using their data.

In the development world, APIs are critical for developers and businesses. With APIs, it is easier for developers to collaborate. Data flows through APIs to ensure products are continuously improved. Most importantly, new applications can be integrated into existing architecture using APIs. 

APIs are also important in the crypto world, considering the fast-paced nature of the industry. Through APIs, developers can create complex functionalities more quickly and securely, eliminating the need to incur costs in software conversions.

Crypto Development Using APIs

The social media giant is used by over 368 million people every month across the globe. Therefore, the diversity of data means there is density, a quality that developers use to integrate or improve their products.

Crypto developers have created different tools, including real-time trackers for gauging prevailing sentiment on top crypto assets, including Bitcoin, using the platform’s APIs.

Bitcoin Price on February 2
Bitcoin Price on February 2| Source: BTCUSDT on Binance, TradingView

 

By tapping into the social media’s Developer Portal and using their APIs, bots can be deployed to serve different functions according to the needs of the creators. Above all, it should be noted that bots cannot function without these  APIs.

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It is not immediately clear why the Elon Musk-owned company is scrapping free access to its APIs. The goal could be to manage and eliminate Twitter bots accused of impersonation and scamming users, including those in crypto. 

It may also be because of ChatGPT, which may be further tuned using data sets from Twitter users. 

Last month, a user found that some were using ChatGPT to reply to tweets.

I had a gut feeling but now I proved it:

People now have A.I. bots running that use ChatGPT to automatically reply to people's tweets 🤯 https://t.co/N7nzCTGGmS pic.twitter.com/au2EVE3QMB

— @levelsio (@levelsio) December 19, 2022

 

Feature image from Twitter, Chart from TradingView
Tweet123Share196ShareSend
Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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