Ibn Abbas has been followed in this by a large number of commentators on the
Quran. According to this view, the verse was not abrogated.

(٣٥) ٠ you who believe! When you hold a confidential talk with the Messenger, offer a freewill offering before your colloquy. That is better and purer for you. Yet if you find not means then, lo! God is All-forgiving and All-compassionate. (Q. ٥٨:١٢)
The majority of scholars are of the opinion that this verse has been abrogated by Gods saying: "Fear you to advance freewill offerings before your confidential talk? Then, when you do it not and God has forgiven you, establish worship and pay the poor their due (zakat) and obey God and His Messenger. And God is aware of what you do" (Q. ٥٨:١٣).
There are numerous traditions from both the Sunni and Shiite sources, that indi‌
cate that when this verse was revealed, no one acted upon it except Ali b. Abi Talib. He had a dinar in his possession and he exchanged it for ten dirhams. Thus, when‌ ever he colloquized with the Prophet, he offered a dirham in charity, until he had met the Prophet ten times.

Traditions that Relate the Practice based on the Colloquy Verse [٥٨: ١٢]

Ibn Babawayh relates a tradition that he refers back to Makl:lUl, who said:

The Commander of the Faithful, Ali b. Abi Talib, said, "The trusted among the Com‌ panions of the Prophet knew that there was not a person among them who had any merit, but that I shared it with him and exceeded him in it, whereas I possess seventy merits which none of them share with me." I said, "٠ Commander of the Faithful, tell me about them." The Imam said, "The first of them is ... ," and he enumerated the seventy merits. Among them he mentioned [the following]: "As for the twenty-fourth merit, God, the Almighty, the Glorified, revealed to His Prophet: When you hold a confidential talk ... I had a dinar which I sold for ten dirhams. I used to offer a dirham in charity each time before I had an intimate talk with the Prophet. By God, no one else among his Companions besides me did that before me or after me. Then God, the Al‌ mighty, the Glorified, revealed, Fear you to advance ..."١٥٧ [٥٨:١٣]

Ibn Jarir al-Tabari relates the following tradition, which he refers back to Mujahid, who said:

Ali, may God be pleased with him, said: "There is a verse in the Book of God, on which no one has acted before me nor shall any one after me. I had a dinar which I exchanged for ten dirhams. Whenever I came to the Prophet I gave one dirham in char‌ ity. Then it was abrogated, and no one had acted upon it before me: "When y٠u hold confidential talk."i٥٨

Al-Shawkani relates that Abd al-Raziq, Abd b. I:Iumayd, Ibn al-Mundhir, Ibn Abi I:Iatim, and Ibn Mardawayh reported that Ali said, in reference to the colloquy verse, "No one acted upon it, except me, until it was abrogated, and that was shortly after [it had been revealed]."