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Could Bitcoiners embrace BlueSky, an X alternative that hit 25M users?

The social media platform has roughly doubled its number of users since November, suggesting it may have pulled some US-based X users after the presidential election.

The social media website initially kicked off by Twitter creator Jack Dorsey has hit more than 25 million users as some abandon or completely delete their X accounts, leading many to question how the platform will differ in content, moderation and tone. 

BlueSky reported that its total number of users had reached more than 25 million as of Dec. 12, roughly double the platform had after the United States election on Nov. 5. The social media site still comes up short compared to Meta’s Threads, which has more than 275 million monthly active users, and X, with more than 250 million daily active users as of 2022. 

It’s difficult to estimate the exact number of users who may have left X directly in response to Elon Musk purchasing the platform and becoming involved in US politics. Musk has also been a proponent of Dogecoin (DOGE), even proposing President-elect Donald Trump create a “government efficiency” position based on an acronym of the memecoin’s ticker symbol.

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Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Social Media Influencer Charged With Running $22,000,000 Crypto Fraud: Report

Social Media Influencer Charged With Running ,000,000 Crypto Fraud: Report

A popular social media influencer known for showcasing her luxurious lifestyle on Instagram and other platforms is facing criminal charges for allegedly committing large-scale crypto fraud. Russia’s news agency TASS reports that Valeria Fedyakina, also known as Bitmama, is accused of defrauding four people who sustained over $23 million worth of damages. The Investigative Committee […]

The post Social Media Influencer Charged With Running $22,000,000 Crypto Fraud: Report appeared first on The Daily Hodl.

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham

Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham's data suggests the assets are still under the firm's control.

Electric car manufacturer Tesla likely still owns its entire Bitcoin stash worth $780 million despite transferring all the funds to unidentified wallets on Oct. 15, according to a blockchain analytics firm. 

“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla,” Arkham Intelligence said in an Oct. 22 X post.

Tesla split the 11,509 Bitcoin between seven wallets holding between 1,100 and 2,200 BTC on Oct. 15, Arkham noted. Wallet addresses “1Fnhp” and “1LERL” received the largest batches worth $142.2 million and $128.1 million, respectively.

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Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Phaver Is a Web3 Socialfi Super App

Phaver Is a Web3 Socialfi Super AppIn an interview with Phaver’s CEO Joonatan Lintala and Ecosystem CFO Tomi Fyrqvist, we explore how this Web3-powered social platform aims to revolutionize social media by integrating blockchain technology and token-based incentives. Phaver’s Decentralized Social Media Puts Users in Control Phaver is a decentralized social media platform that integrates Web3 technologies, allowing users to take […]

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

SEC Flags Risks in Crypto and Emerging Tech Investment Scams

SEC Flags Risks in Crypto and Emerging Tech Investment ScamsThe U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, […]

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

Washington State Accuses 2 Cryptocurrency Platforms of Defrauding InvestorsTwo cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media […]

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These SchemesThe Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The […]

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Supreme Court of India’s Youtube Channel Hacked to Promote XRP Scam

Supreme Court of India’s Youtube Channel Hacked to Promote XRP ScamThe Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel […]

Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Elon Musk starts to comply with Brazilian court orders, suspends accounts on X

At least 11 accounts linked to the spread of misinformation in Brazil have been banned from X over the past few days as the platform begins complying with supreme court orders.

Following almost a month of being blocked in Brazil, Elon Musk’s social media platform, X, has taken action to comply with local regulations.

According to local media reports, X started suspending accounts accused of spreading misinformation on Sept. 18, as ordered by Justice Alexandre de Moraes. In addition to suspending the accounts, lawyers for X announced that a new legal representative will be appointed in the country soon. 

According to Brazilian law, social media platforms operating in the country must have a legal representative.

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Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen

Crypto scammers orchestrate massive hack on X but barely made $8K

The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.

An unknown group of crypto scammers has seemingly missed their payday after hacking their way into several high-profile social media accounts on Sept. 18 — only to end up with a few thousand bucks.

On Sept. 18, blockchain sleuth “ZachXBT” alerted the crypto community that several “large accounts on X” were compromised, all posting a Solana memecoin called HACKED.

Some of the infiltrated accounts included Lenovo India, Yahoo News UK, MoneyControl, Oliver Stone, People, and Krystal DeFi. 

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Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen