Chamath Palihapitiya-Backed Altcoin Collapses After SEC Charges Co-Founder With Fraud

August 1, 2024 The Daily Hodl

Altcoins

Federal securities regulators are suing the founder of the social media project BitClout, now known as Decentralized Social (DeSo). In its complaint, the U.S. Securities and Exchange Commission (SEC) alleges that since November 2020, Nader Al-Naji raised more than $257 million from unregistered offers and sales of the platform’s token, BTCLT. The regulator says that […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud

July 30, 2024 Bitcoin.com

BitClout

The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout as decentralized […]

Chinese official gets life sentence for selling state secrets to pay crypto debts

Base set for ‘material share’ of SocialFi activity: Franklin Templeton

May 9, 2024 Coin Telegraph

Asset Management

Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.

Trillion-dollar asset manager Franklin Templeton suggests “Base Season” has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical.

“[It is] positioning itself well to capture a material share of SocialFi activity and remain a leader in the Ethereum L2 sector going forward,” Franklin Templeton said in a May report.

About 46% of transactions related to SocialFi are on Base, which has increasingly stripped market share away from the BNB Chain and Polygon in recent months, according to one of the charts provided by Franklin Templeton.

Chinese official gets life sentence for selling state secrets to pay crypto debts

Waitlist for Decentralized Social Media Network Backed by Twitter Founder Jack Dorsey Garners 30,000 Signatures

October 21, 2022 The Daily Hodl

Altcoins

A decentralized social network app developed by an initiative funded by Twitter founder Jack Dorsey is gaining massive interest. BlueSky, the creator of the social networking technology AT Protocol, says the number of people who want to test the beta version of the app before its official rollout exploded over the last two days. The […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Decentralized Social (DESO) Outpaces Crypto Market and Surges 102% This Week Amid Integration With MetaMask

October 1, 2022 The Daily Hodl

Altcoins

A social media-focused altcoin is surging this week after the announcement of a new partnership with the popular crypto wallet MetaMask. Decentralized social media platform Decentralized Social (DESO) rallied to a weekly high of $11 today, marking a 102% increase from its seven-day low of $5.43 The 226th-ranked crypto asset by market cap has retraced […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Former Coinbase Executive To Launch Decentralized Social Media Project After Raising $30,000,000 From Investors

July 13, 2022 The Daily Hodl

coinbase

A former executive from top US crypto exchange Coinbase has raised funds for a new decentralized social network protocol. In an announcement on his website, former Coinbase vice president Dan Romero says that Farcaster, a protocol for building social networks, has secured funding from a series of venture capitalists. According to the announcement, the $30 […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Coinbase Custody Adds Support for 16 Altcoins, Including 13 Ethereum-Based Tokens

June 10, 2022 The Daily Hodl

ALK

Coinbase continues to expand its crypto footprint in a major way by extending custodial services support to more than a dozen altcoins. In a new announcement, the US-based cryptocurrency exchange says it’s adding 16 new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust, a baker’s dozen […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Crypto Giant Binance To Invest $500,000,000 in Twitter Amid Elon Musk’s Social Media Buyout

May 5, 2022 The Daily Hodl

Binance

Leading crypto exchange Binance says it will invest $500 million into Twitter alongside billionaire Elon Musk, who purchased the social media platform for $44 billion last month. In a new blog post, Binance announced it is investing in the social media giant because they believe Musk’s acquisition will help bring about the fusion of social […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Coinbase CEO Brian Armstrong Predicts How Crypto Can Change Twitter Following Elon Musk Takeover

May 3, 2022 The Daily Hodl

Bitcoin

Coinbase chief executive Brian Armstrong says decentralized social media (DeSo) is on its way up, possibly beginning with Elon Musk’s Twitter takeover. In an interview with economic think-tank Milken Institute, Armstrong shares his vision of what decentralized Twitter might look like if Musk were to turn the popular platform into a Web3-based application. “I think generally, […]

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Chinese official gets life sentence for selling state secrets to pay crypto debts

Altcoin Project Backed by Billionaire Chamath Palihapitiya Rips 124% in Hours After Reaching 1,500,000 Users

March 29, 2022 The Daily Hodl

Altcoins

A decentralized social media project that has received support from billionaire investor Chamath Palihapitiya is surging after reaching a major milestone. In a new press release, Decentralized Social (DESO) says that over 1.5 million accounts have been created on its platform. The layer-1 blockchain project aims to redefine the nature of social media applications by […]

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Decentralized Social

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