Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-stability-creates-lucrative-setups-in-ton-xmr-mnt-and-qnt
Month: August 2023
Friend.tech pronounced 'dead' after activity and fees tank
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some … Source: https://cointelegraph.com/app/public/index.php/news/friendtech-pronounced-dead-inflows-activity-declines
Friend.tech pronounced ‘dead’ after activity and fees tank
Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared “dead” by critics, following a recent drop in key metrics such as activity, inflows and volume. Friend.tech had a buzzy beta version launch on Coinbase’s layer-2 Base on Aug. 11. A week later, its fees surpassed $1 million in 24 hours on Aug. 19 outshining…
Decentralized social networks have a retention problem, say execs
Decentralized social network Friend.tech may have been booming, but execs argue decentralized social media apps still have an onboarding and retention issue to … Source: https://cointelegraph.com/public/index.php/news/friend-tech-decentralized-social-media-onboarding-problem
Decentralized social networks have a retention problem, say execs
Decentralized social network Friend.tech may have been booming, but execs argue decentralized social media apps still have an onboarding and retention issue to … Source: https://cointelegraph.com/app/public/index.php/news/friend-tech-decentralized-social-media-onboarding-problem
OnlyFans’ parent company bought $20M of Ethereum as revenue surged
The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022. According to an Aug. 24 financial filing to the UK corporate registry, Fenix International reported that it had purchased some $19.9 million worth of ETH between 2021 and 2022. However, due to…
While Friend.tech booms, decentralized social has a retention problem — Execs
Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms. Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to…
Prime Trust Filing Reveals Cascade of Failures That Led To Bankruptcy Filing
Irresponsible spending. Misjudging summer 2022’s crypto market implosion. Getting locked out of its own cryptocurrency wallet. These are some of the missteps detailed in a court filing submitted by battered crypto custodian Prime Trust as it seeks bankruptcy protection. In a filing with the U.S. Bankruptcy Court in Delaware on Thursday, Prime Trust CEO Jor Law explained how the company…
OnlyFans’ Ethereum Holdings Sank—But 2022 Was Still A Good Year
More fans, more creators, more money. For the content creator site OnlyFans, 2022 was a pretty good year. For Ethereum? Maybe not so much. Over the weekend, Crypto Twitter zeroed in on a financial statement submitted by OnlyFans’ parent company Fenix International Limited to British authorities on Thursday. It showed that the company had owned over $19 million in Ether…
Balancer exploited in nearly $900k after vulnerability warning
Ethereum automated market maker and decentralized finance protocol Balancer was exploited for nearly $900,000, the protocol confirmed on X (formerly Twitter) on Aug. 27, just days after disclosing a vulnerability that affected several pools. An Ethereum address allegedly belonging to the attacker has been revealed by blockchain security expert Meier Dolev. Following the exploit, the address received two transfers of…