A new initial exchange offering (IEO) token launch platform achieved liftoff last week, starting with a crypto-industry focused social media platform as its first project. Created by the three-year-old, zero-fee cryptocurrency exchange Digitex, Blockfunder’s first IEO project is Blockster, a fully featured social media platform targeting a very specific community: Crypto enthusiasts and blockchain “hustlers.” Blockster — the name being a mash-up of blockchain and hustler — claims to be “a groundbreaking social network built just for crypto” that it believes can become “the kind of home base the crypto community is missing.” The premise is fairly simple: Start by …

China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin- (BTC) and crypto-related content creators on the platform. According to local reports, at least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday. Weibo greeted other users who visited suspended accounts with a message saying the banned accounts violated Weibo guidelines and “relevant laws and regulations.” A Weibo user nicknamed "Woman Dr. bitcoin Mini," who saw her account was blocked on Saturday, called Weibo’s action a judgment …

Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check" via the company’s blog. In a Thursday post titled “Announcing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,” Armstrong expressed the firm’s desire to combat untrue assertions aimed toward Coinbase and the crypto industry as a whole: “We will use this section of the blog to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world.” The post was subtitled “Every tech company should go direct to their audience, and become a media company,” which he suggested elsewhere in the piece …

DOGE is set to make its pop culture debut. As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” The Dogefather SNL May 8 — Elon Musk (@elonmusk) April 28, 2021 Musk’s fascination with the digital currency dates back to last year, and he has recently only seemed to double-down on what …

Another rainy Sunday night. You’re browsing on Facebook and Twitter — inundated with photos of your friend’s new baby, jokes that have been copied from poor hard-working comedians, and memes that certainly were funny… when you first saw them four years ago. Undeterred, you keep scrolling. There’s a tweet that proclaims a hot new cryptocurrency is going to surge to $1 million, and another claiming the self-same altcoin is destined to plunge to zero. You then see links about the latest developments in the DeFi and NFTs space, and your eyes light up. Finally — content you’re interested in! Existing …

A new social media platform called Locals has drawn strong backing from leading crypto figures as part of a push to escape Big Tech censorship. Locals Technology Inc. announced a $3.8-million seed investment round on Tuesday and included backing from Morgan Creek Digital Assets co-founder Anthony Pompliano, former Coinbase chief technology officer Balaji S. Srinivasan, as well as Alexander Lloyd, co-author of The Little Bitcoin Book. Locals is an alternative platform that gives control to independent creators by allowing them to post content without wrestling with the ambiguous censorship standards on social media platforms such as YouTube and Patreon. Scott …

United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own nonfungible token, or NFT, featuring the Dogecoin (DOGE) Shiba Inu on the face of the moon underneath a rocketship with the body of the slender meat snack. The NFT offering follows a fury of tweets since February — the sheer number of which might even make Elon Musk jealous — in which Slim Jim has posted pro-DOGE memes, messages, rocketships, and crypto-related hashtags in advance …

Snickers, the chocolate bar sold around the world for more than 90 years, is getting into the crypto space by promoting the meme-based cryptocurrency Dogecoin. In a tweet on Monday, Snickers posted an image of the Dogecoin (DOGE) Shiba Inu dog atop the message “Dogecoinrise” to its more than 407,500 followers. The candy bar brand included the hashtag “DogeDay,” which has been trending in the United States, as well as two rocketship emojis in a reply. Guess what day it is? #DogeDay. Tomorrow? #DogeDay420 (not an actual Snickers pack, just a cool #doge gif) pic.twitter.com/9GAeFsRJU9 — SNICKERS (@SNICKERS) April 19, …

It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end. The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over the past few days. On Friday, DOGE managed to eclipse Ethereum in total exchange volume (doubling, in fact), the capstone to a remarkable run that …

r/Wallstreetbets, a subreddit famous for organizing a pump for Dogecoin and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced on Thursday that r/Wallstreetbets has now banned crypto discussions forever, following a Bloomberg article titled “WallStreetBets Bows to Crypto.” Just a day before, the same moderator officially announced that the subreddit will finally allow crypto discussion strictly limited to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). The new post reads: “Due to the article that was written [by] Bloomberg who somehow felt that ‘WallStreetBets Bows to …

Social token platform Rally has completed its first “liquid token sale” on crypto asset issuance platform CoinList, with 40,000 investors snapping up RLY tokens for $0.60 each between April 1 and April 4. The sale saw tokens distributed to investors at a set price despite RLY trading on exchanges since October 2020. Token pricing was determined by a 20-day trailing average from March 11, 2021, to March 30, 2021, minus a 30% markdown to compensate for the RLY being locked up for 12-month a linear release. However, investors had the opportunity to purchase RLY for less than half the price …

Despite Dogecoin under-performing this past week when compared to other leading crypto assets, DOGE’s community has been among the most active on Reddit. According to data compiled by Skew and tweeted by Messari researcher Mira Christanto, r/dogecoin has been the third-most active crypto group on Reddit this week, with 33,822 new comments posted in seven days. Friendly reminder for Redditers: r/Bitcoin is $BTC while r/btc is $BCH pic.twitter.com/skFwhFM2y0 — Mira Christanto (@asiahodl) March 31, 2021 Dogecoin is the second-most active group coalescing around a single crypto asset, ranking behind r/Bitcoin’s 48,757 comments last week. Unsurprisingly, the wide-ranging r/CryptoCurrency attracted the …