Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down. An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project…
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Elon Musk continues pumping DOGE while Ricardo Salinas Pliego sticks to Bitcoin. Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include…
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More than 200,000 Redditors joined the page last week. One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time…
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Australia’s eSafety Commissioner has suggested blockchain-based digital IDs as a potential solution to fight online abuse and trolling. Australia’s eSafety Commissioner Julie Inman Grant has suggested a blockchain-powered ID solution could help tackle cyber abuse and trolling while allowing users to maintain a level of anonymity. Speaking to New South Whales media outlet The Sydney…
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Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service. A change to WhatsApp’s terms of service has triggered a mass exodus from the messaging platform to more private and independent rivals like Telegram and Signal, which have registered…
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Bitcoin hype has never been quite the same since 2019, according to this metric. Since its drop below $4,000 in March 2020, Bitcoin (BTC) has ridden a bullish trend all the way past its 2017 all-time high, recently hitting almost $42,000. During that time, however, Bitcoin’s Twitter activity has underperformed in comparison to its price. …
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The token, which has gotten a lot of attention for its interesting way of placating U.S. regulators, is now live for IMVU users in over 140 countries. IMVU’s new fiat-convertible VCOIN goes live on the social network. Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for users of IMVU, starting today.…
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In a short blog post on EOS social media platform Voice, Larimer hinted at future social media development Daniel Larimer, the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares and blockchain-based social media platform Steem, announced in a short blog post today that he has resigned. “[I] am proud of the…
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This is the story of a Redditor’s roundabout way of making a hefty Bitcoin profit. A Reddit user by the name of “u/Cryptorich13” has capitalized on the social media platform’s crypto reward system by converting his stash of free coins into Bitcoin (BTC). In a Sunday post, u/Cryptorich13 explained how he converted his 80,000 Moon…
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She believes that by agreeing to certain “Terms of Service,” users abdicate a portion of their rights. As technology advances, personal data becomes an increasingly relevant topic. Many in the crypto industry hold sovereign finance and data privacy in high regard. Participants’ best efforts may be undermined by centralized businesses and regulating bodies, however, according to Cindy…
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