Saturday, December 21, 2024
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Resource Extraction, Social Media Monetization and Real World Connections

The Story: Esteemed science journal Nature published a paper all about the coming wave of decentralized social media, or DeSo, and the implications of “tokenizing” user engagements. Authors ​​Meysam Alizadeh, Emma Hoes and Fabrizio Gilardi argue that social media companies like Streemit, Reddit and Twitter are announcing plans to help

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British Columbia to halt new power connections for crypto miners

A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months. The British Columbia government made the announcement in a statement on Dec. 21 stating that the pause will allow the government and

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Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar – Bitcoin News

On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning Sam Bankman-Fried’s (SBF) quantitative cryptocurrency

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4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections

Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement.According to a June 8 report by 8BTC, police froze the bank accounts of thousands of  over-the-counter (OTC) traders from the Chinese province of Guangdong.This purportedly comes as part of a wider investigation into illegal

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