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What is SocialFi? Unpacking crypto’s answer to social media

Post author By Blockworks
Post date 2Y

SocialFi is having its moment.

Since launching in August, Friend.tech has seen inflows of more than $420 million, according to a Dune Analytics dashboard. Meanwhile, the Web3 mobile social apps Phaver and RepubliK both announced fundraises last week.

Hype surrounding crypto-native social media is nothing new, but a fresh crop of Web3 social apps are taking their swing at the entrenched social media giants. And as the incumbent Web2 social titans struggle with content moderation and fair creator payouts, founders and investors say they spy an opportunity.

What is SocialFi?

In short, SocialFi uses blockchain to monetize social interactions.

SocialFi platforms use avenues built on…

Bitget releases MPC wallet, includes 2/3 private key sharding

Post author By cointelegraph
Post date 2Y

Cryptocurrency exchange and derivatives platform Bitget has launched a new wallet service using multi-party computation (MPC) to improve security and key management for users.

Following the launch of its account abstraction wallet service powered by Ethereum scaling protocol Starknet in July 2023, Bitget has employed MPC to overhaul private key and asset management.

MPC technology uses a distributed key generation mechanism that distributes multiple key shares to different locations that are controlled by multiple parties. This enables a process that requires the owners of distributed private key shares to sign and authorize the transaction.

The MPC wallet features a “mnemonic-free” user…

Bitcoin Enjoys Bullish Moment As Weekly Gains Of 11% Push Digital Asset Beyond $30K

Post author By Benzinga
Post date 2Y

Bitcoin BTC/USD, in the past 24 hours, saw trading volume increase 36% to $17.6 billion.

The largest trading cryptocurrency has also seen an expansion of 2.5% in its market cap.

The news comes after Bitcoin prices surged around 11% last week, while other cryptocurrencies across the board — Ethereum ETH/USD, XRP XRP/USD, Dogecoin DOGE/USD — saw gains in the range of 5-8%, according to CoinMarketCap.

Hopefully, approval will be received for Spot Bitcoin ETF by Benzinga’s Future of Digital Assets conference in New York on Nov.14. Attend and learn more about how the ETF approval will play the crypto markets. The gathering is seen as pivotal for the digital assets’ community. The event…

Blockchain companies are creating AI chatbots to help developers

Post author By cointelegraph
Post date 2Y

The artificial intelligence (AI) market is becoming one of the fastest-growing industries in the world. According to market research firm Next Move Strategy Consulting, the current AI market is valued at nearly $100 billion and is projected to grow exponentially.

Given this, it comes as no surprise that chatbots using AI are also on the rise. Recent findings from Precedence Research show that the global chatbot market size reached $840 million in 2022.

AI chatbots for Web3 developers in the works

As opportunities around AI and chatbots flourish within various industries, the Web3 sector has also started to capitalize on this trend, with blockchain companies creating AI chatbots to help…

Leading Decentralized Exchanges Across Various Blockchains

Post author By CryptoCrunchAlts
Post date 2Y

A furious judge and ‘damning’ testimonies: A firsthand account of the SBF trial

Post author By Blockworks
Post date 2Y

It looks like the prosecution is almost done presenting its case in Bankman-Fried’s criminal trial, Blockworks reporter Casey Wagner says.

A few days break in court proceedings could be good news for the defense, she says, giving them extra time to prepare their arguments. “The government’s expected to rest next Thursday morning and the defense will start that afternoon,” she explains.

On the Empire podcast (Spotify/Apple), Wagner says that “anecdotally,” it appears likely to her that Bankman-Fried will take the stand in his defense. “Personally I hope he does,” she says. “I think it would be great to watch, but we’ll have to see.”

Judge Kaplan not happy

Wagner…

Bukele Likely To Step Down As President To Seek A Second Term

Post author By BitcoinMagazine
Post date 2Y

In recent weeks, the Salvadoran media has been abuzz with speculation that Bitcoin Country President Nayib Bukele will step down from his current role to pursue a second term in office. This move hinges on obtaining a special license from the Salvadoran Legislative Assembly, a process that requires three-quarters approval from the body. Previously, it was widely believed that Salvadoran presidents were limited to a single five-year term. However, a landmark Supreme Court ruling has opened the door to the possibility of a second term, provided the incumbent steps down at least six months before the next presidential term commences on June 1, 2024.

The Constitutional Framework

The Supreme…

Meet Pierce Crosby Of TradingView: Building A Full Stack Solution For Traders

Post author By Benzinga
Post date 2Y

Pierce Crosby is the General Manager at TradingView, a popular platform for financial charts, ideas, and overall market analysis.

Crosby is among the industry leaders gathering at Benzinga’s Fintech Deal Day event in New York City on Nov. 13, participating in a panel titled “From Trading Floors to Digital Screens: The Transformation of Trading.”

After obtaining a Bachelor’s degree at the University of California and a Master’s degree from Columbia University, Crosby started his career as a reporter at Reuters before a 5-year tenure at StockTwits. After joining TradingView in 2019, he helped establish and grow the platform’s presence in North America.

TradingView is a platform that offers…

Bitcoin Spark To List On XT.com Exchange This November

Post author By Benzinga
Post date 2Y

New and hyped altcoins offer lucrative opportunities for investors, and seeing them listed on a reputable crypto exchange can often be a sign of success.

The listing of a new altcoin on a major exchange can often lead to a surge in its price. This is because the listing increases the coin’s exposure and accessibility, making it easier for investors to buy and sell the asset. Additionally, being listed on an exchange adds a layer of credibility to the altcoin, indicating that it has met certain standards and has the potential to be a stable investment. Crypto analysts expect exactly that to happen with BTCS.

BTCS To List on XT.com Crypto Exchange

In the ever-expanding world of…

Was Hal Finney “Satoshi”? Jameson Lopp Argues Otherwise

Post author By BitcoinNewsCom
Post date 2Y

During a speech at the Plan B Forum in Lugano, Switzerland, Jameson Lopp, the co-founder and CTO of CASA, expressed skepticism regarding the widely held connection between the renowned cryptographer Hal Finney and Satoshi Nakamoto. Notably, Finney, who passed away in 2014, is believed to be the enigmatic Satoshi Nakamoto, the creator of Bitcoin.

Lopp acknowledged Finney’s significant contributions to the world of Bitcoin, notably being the first person, besides Satoshi Nakamoto, to download and run the Bitcoin software. However, CASA CTO presented compelling evidence suggesting that Finney may not have been the mastermind behind the Satoshi persona.