Social Media


Opinion

Dear Elon, This Is How to Decentralize Twitter and Give the Internet Back to Everyone

The self-sovereign web would use protocols, not companies, to build the tools we need most.

(Chesnot/Getty Images)

Videos

Binance Participating as Equity Investor in Musk’s Twitter Takeover, CEO Says

Binance CEO Changpeng Zhao told CoinDesk in an emailed statement, "We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology." The Hash" hosts discuss what this means for Twitter and the future of crypto.

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Layer 2

Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad Hand

From fantastic price projections to paid project promotion without full disclosure, these crypto influencers played a losing game, dealing crypto recommendations that may have hurt their millions of followers.

Crypto Influencer Trading Cards (3Hunna S. Thompson/CoinDesk)

Web3

Reddit Users Open 2.5 Million Crypto Wallets After Launch of NFT Marketplace

Among the total 3 million users that have opened Reddit Vault Wallets, 2.5 million have occurred since its NFT marketplace opened in July.

Reddit has submitted a filing with the Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol “RDDT.” (Brett Jordan/Unsplash)

Policy

Regulators Need Power to Take Down Foreign Crypto Sites, IOSCO Says

The global securities standard setter is worried about the rise of misleading financial advice on social media, including for crypto.

Regulators are worried about the rise of financial influencers like Kim Kardashian. (Daniele Venturelli/Getty Images)

Finance

Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments

Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now-bankrupt crypto lender. The influencer says her marketing sponsorship role is no different than doing fashion ads.

Crypto influencer Maren Altman (Maren Altman)

Finance

Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans

The project has created a wrapper for Circle’s widespread USDC stablecoin.

Nader Al Naji, Head of the DeSo Foundation, cofounder and former CEO of Basis. (Outcast Agency)

Videos

Barclays Remains Positive on Bitcoin; Elon Musk Reportedly Reignites Twitter Acquisition Plans

Barclays remains positive about bitcoin (BTC) long-term, and views bitcoin miner Core Scientific as a “best-in-class, leveraged play.” Plus, Bloomberg reports that Tesla CEO Elon Musk is offering to go through with his $44 billion Twitter deal, sending the social media stock price soaring.

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