The nonfungible token, or NFT, rush has seen everyone and their Doge flock to the nonfungible market to cash in on the recent craze for tokenized collectibles. Even the celebrities whom one would presume to have little engagement with crypto assets have been rushing to cash in, with the likes of John Cleese, Tony Hawk, Lindsay Lohan and Ja Rule cobbling together NFTs of varying artistic merit over recent months. However, surging NFT adoption has led to public backlash over the perceived carbon footprint associated with crypto asset technologies. Nifty Gateway pledges to go carbon-negative NFT platform Nifty Gateway announced …

New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard. Why are they here to begin with? Crypto media companies have been taking advantage of the vast, outspoken audience that's been developed by a few organizations on the frontline, educating millions of early adopters on the trillion-dollar crypto market. Joon Ian Wong, co-president of the Association of Cryptocurrency Journalists and Researchers — a nonprofit organization that advocates for quality journalism and research on cryptocurrencies and blockchains — told Cointelegraph that bull …

A social crypto trading platform connects professional traders with new investors — creating a win-win situation. Learning about cryptocurrencies can be a steep learning curve, and according to Tycoon, mastering the art of trading well is also difficult and time consuming. The platform aims to improve accessibility into this flourishing space through the use of API technology — meaning that a trader who is starting out can connect to a more experienced professional and copy their moves in real time. Tycoon says this approach can help newcomers accelerate their educational journey, all while potentially making the process much more rewarding …

An Instagram influencer has been charged with wire fraud, after he allegedly scammed followers out of $2.5 million worth of Bitcoin. Social media influencer Jay Mazini, who boasted of a net worth of $33 million and is known for “cash giveaways”, is accused by the Department of Justice of operating a wire fraud scheme in which he duped some of his 1 million followers to send him Bitcoin in exchange for inflated cash offers, which he failed to pay properly. The DoJ announced the charges on March 24, following a complaint filed in Brooklyn Federal Court the day before. The …

Members of the XRP Army — supporters of the XRP token — have started an online movement to pressure crypto exchanges to relist the digital asset amid Ripple facing a lawsuit from the United States Securities and Exchange Commission, or SEC. According to Twitter user MackAttackXRP, the hashtag "RelistXRP" was trending in The Netherlands earlier today, with some users reporting the social media movement was gaining traction in Australia, the United States and the United Kingdom. Twitter data showed more than 35,000 tweets with the hashtag in the Netherlands, more than 30,000 tweets in the U.S. and roughly 24,000 in …

Twitter users can now send Bitcoin (BTC) with a single tweet, after digital payments app Bottlepay launched its integrated Bitcoin social media feature. Transactions between Twitter users can now apparently take place using the simple tweet template “@bottlepay send 1,000 sats to @twitteruser.” The command can be executed from directly within the Twitter app, and the Bitcoin is transferred from one user to another automatically. Bottlepay describes itself as a global payments disruptor, and raised $15 million in a seed funding round towards the end of February. The Bottlepay app can also be used with other social media platforms, such …

According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter. The listed accounts include some of the most prominent crypto figures on Twitter with over 300,000 subscribers like Bitcoin on-chain analyst Willy Woo and BTC stock-to-flow model creator PlanB, as well as crypto advocate TheCryptoDog. Other industry-related accounts like MMCrypto, TheMoon, Koroush AK, and WSBChairman — who claims that the account is not associated with Reddit’s r/WallStreetBets community — have also been suspended. Full list of account suspensions:@woonomic @100trillionUSD@mmcrypto@wsbchairman@themooncarl@TheCryptoDog @KoroushAK Strangely @PeterSchiff hasn't though, what gives? https://t.co/i6L5e93BTV …

Daniel Larimer, former chief technology officer of Block.one and a co-founder of Block.one and Steemit, has revealed his next project, called Clarion. The project is meant to become a mobile-first decentralized social media platform, supporting all types of social features like personal messaging via text and video, publishing content to followers or having Discord-like voice chat rooms. According to Larimer, Clarion “learns lessons from other projects,” including the initial idea for Steemit and Voice, two social media projects he launched or backed. According to him, the two previous attempts at decentralized social media were “logically centralized” and required “all full …

A new blockchain optimized for high frequency usage is going to be at the heart of a cutting-edge ecosystem that brings together social media, non-fungible tokens and decentralized finance — all while providing in-built privacy and minimal transaction fees. Howdoo says users, creators and advertisers are all demanding change from tech giants like Facebook and YouTube. Its decentralized, blockchain-fueled approach aims to offer an alternative to a world where algorithms are optimized for revenue instead of user experience, where advertisers are left disappointed by the performance of their campaigns, and where creators are remunerated poorly for the vibrant content they …

The executive body of the European Union has appointed a major financial services firm to lead a three-year initiative aimed at boosting the integrity of social media posts using blockchain technology. Dubbed “TruBlo,” the project will oversee a wealth of blockchain development as part of the European Commission’s Next Generation Internet initiative. The French financial services firm, Worldline, has been appointed to lead TruBlo. Worldline was founded in 1970 and generated 2.3 billion euros ($2.8 billion) in revenue in 2019. An estimated 450 proposals will be assessed in the coming years as part of the initiative’s goal of “developing trust …

Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. Today Bitcoin price is showing a new spark of optimism after the Bank of New York Mellon announced that it would hold, transfer and issue Bitcoin on part of its clients. The bank is also …

An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project Unite announced on Feb. 10 that the project was no longer in active development, adding that the original idea for the project had been rendered unfeasible by the recent gas price spike. The average cost of using Ethereum increased 35,600% since January 2020: “We are unfortunately no longer actively developing Unite. Gas prices mean the original idea for Unite isn't feasible and after several …