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University Study Links Social Media Activity to Higher Rates of Crypto Investments

University Study Links Social Media Activity to Higher Rates of Crypto Investments

A new study out of the University of Georgia finds that social media users are more likely to invest in crypto. The study, published in the International Journal of Bank Marketing, aimed to “investigate the associations between social media usage and cryptocurrency investment behavior.” “Cryptocurrencies have gained popularity among investors despite their high risk and […]

The post University Study Links Social Media Activity to Higher Rates of Crypto Investments appeared first on The Daily Hodl.

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

AI tokens pump as Franklin Templeton says agents will ‘revolutionize’ social media

AI agents could launch their own brands, products, music and movies, driving value to social media platforms, the researchers wrote.

Several artificial intelligence-based tokens have surged following a new Franklin Templeton report predicting that AI agents will revolutionize content generation on social media.

“We can envision a future where AI agents revolutionize content generation on social media and play an integral role across various industries and platforms,” wrote Franklin Templeton in a report on AI agents on Jan. 14.

“Like today’s human influencers, these agents could launch their own brands, products, music, movies and more, driving significant economic value to their ecosystems,” it added.

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Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

Scammer Briefly Hacks Litecoin’s X Account, Promotes Fake LTC Coins Based on Solana (SOL)

Scammer Briefly Hacks Litecoin’s X Account, Promotes Fake LTC Coins Based on Solana (SOL)

A hacker briefly gained access to Litecoin’s X social media account to fraudulently promote that LTC is now available on the popular smart contract platform Solana (SOL). In a new thread, the developers of the decentralized peer-to-peer network warn investors about the breach but note that the team immediately regained access to Litecoin’s official X […]

The post Scammer Briefly Hacks Litecoin’s X Account, Promotes Fake LTC Coins Based on Solana (SOL) appeared first on The Daily Hodl.

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

US prosecutors will search Do Kwon’s Twitter account for information

As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.

Update (Jan. 8 at 4:45 pm UTC): This article has been updated to include details from a Jan. 8 status conference.

Update (Jan. 8 at 6:18 pm UTC): This article has been updated to include the start date for Do Kwon’s trial.

Prosecutors representing the US government in its criminal case against Do Kwon have laid out their plans for discovery, including requesting search warrants for the Terraform Labs co-founder’s email and Twitter accounts.

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Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

Reddit avatar NFT holders concerned for project as lead exits

The lead of Reddit’s avatar NFT offering has left, sparking concerns from the platform’s users over whether the social giant will retain the program.

Holders of Reddit Collectible Avatars non-fungible tokens (NFTs) are airing concerns about the future of the offering after the head of the project confirmed she has exited the social media company.

“My role at Reddit has come to a close. While I am saddened by this transition, I am incredibly proud of the work I accomplished during my time there,” Bianca Wyler, head of Reddit’s Collectible Avatars, wrote on LinkedIn on Jan. 6.

Some Redditors noted that recent comments from Wyler’s Reddit account had been deleted, and others expressed concern that her exit was a sign the social platform might take the axe to the avatars next.

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Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

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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Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

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.

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

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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Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

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 […]

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

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, […]

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’