Author: Sam Allcock

Unverified claims circulated on social media, suggesting that Netflix donated $7 million to Kamala Harris. These reports triggered widespread calls for a boycott of the streaming service.Upon investigation, it becomes important to determine the veracity of these claims and understand the mechanisms behind political donations, particularly in the context of corporate contributions during election cycles.Unraveling the Viral Social Media ClaimSocial media platforms became the epicenter of a rumour, asserting that Netflix donated a substantial sum to Kamala Harris’s campaign. Posts reading “Netflix just gave $7 million to Kamala” appeared prominently, igniting discussions across Facebook, X (formerly Twitter), TikTok, and Instagram.…

Binance Coin (BNB) has been under the spotlight as September draws to a close, with market participants curious about its potential price trajectory. Investors are eager to assess whether recent developments could propel BNB back to its former peak.In recent times, the cryptocurrency market has shown significant fluctuations, with Binance Coin (BNB) capturing the interest of investors. It is currently trading 16% below its record high of $720, yet its recent upward momentum has sparked hope among market enthusiasts. A notable rise of nearly 4% over the past 24 hours has seen BNB trading at $603.01.Nevertheless, the volatile nature of…

Citi, a prominent player in the credit card market, has adapted its policies concerning cryptocurrency purchases. Initially restrictive, Citi now permits some crypto transactions, though under specific conditions.This change arises as cryptocurrency trading gains momentum, prompting cardholders to seek opportunities. However, understanding the associated fees and risks is crucial for informed decision-making.Historically, Citi restricted the use of its credit cards for Bitcoin purchases due to market volatility. However, recent policy adjustments now permit certain cryptocurrency transactions through recognised exchanges and platforms. Importantly, these are treated as cash advances, not regular purchases. Consequently, consumers must navigate additional fees and interest rates,…

Telegram has made a significant policy change, deciding to share user data with government authorities when legally requested. This decision follows the arrest of CEO Pavel Durov.The move marks a shift in Telegram’s privacy stance, aiming to curb criminal activity on the platform. This change is pivotal in ensuring user safety while upholding legal responsibilities.The Arrest of Pavel Durov and Its ImplicationsPavel Durov, CEO of Telegram, was arrested by French authorities due to his non-compliance with an ongoing investigation. The arrest has highlighted issues regarding criminal activities on the platform. In response, Telegram is now committed to cooperating with legal…

The cryptocurrency market is witnessing a remarkable surge, with Ethereum leading the way. Over the past week, Ethereum’s value has risen by 15%, sparking bullish sentiment among investors.With Ethereum currently trading at $2,684.49, it has already seen a 4% increase within the past 24 hours. This has reignited discussions about its potential to reach the $3,000 mark, especially with new updates coming from the Ethereum team.Ethereum’s recovery is being bolstered by increased whale activity and promising technical indicators. Observing a higher open interest, funding rates, and network growth points towards a rising demand for Ethereum, thereby propelling its price. Spot…

VeChain has faced significant hurdles in 2024, yet bullish hopes persist. Recent analyses suggest a potential rebound, with optimistic projections for the token’s future growth. Despite the challenges, market dynamics could herald a surge for VET this October.VeChain, like many cryptocurrencies, has encountered difficulties in 2024. Over the last month, the token’s value has decreased by over 8%, as reported by CoinMarketCap. However, a recent upswing has seen its value increase by more than 14% in the past week, currently trading around the $0.024 mark.Market analysts see a potential turnaround for VET amidst changing financial conditions. Notably, crypto expert EGRAG…

China’s influence over Bitcoin mining raises questions, especially post its crypto ban.Despite regulatory restrictions, China manages a significant control in Bitcoin mining.China’s Surprising Influence on Bitcoin MiningDespite its strict ban on cryptocurrencies, China remarkably controls 55% of the global Bitcoin mining network. This dominance is surprising given the asset class’s prohibition more than three years ago. CryptoQuant CEO, Ki Young Ju, highlights this shift in dominance from the United States to China, illustrating a significant power shift in the Bitcoin landscape.United States Struggles to Maintain LeadAmidst efforts to stay ahead in the cryptocurrency race, the United States faces challenges due…

The integration of TRON assets into MyTonWallet marks a significant step forward in blockchain interoperability. This development aims to enhance user experience by supporting TRX, USDT, and numerous crypto assets under the TRC-20 token standard.MyTonWallet, emerging as a pioneer in The Open Network’s ecosystem, has positioned itself as the first to allow TRON-based asset management. This integration is viewed as foundational, fostering collaboration between differing blockchain technologies.The recent announcement by MyTonWallet to integrate TRON-based assets demonstrates a pivotal advancement in blockchain interoperability. As blockchains expand their ecosystems, the ability to manage assets across multiple networks becomes crucial. Alexander Zinchuk, founder…

The market capitalisation of Tether’s USDT has reached an unprecedented $119 billion, signalling robust growth in the stablecoin sector. This all-time high comes as October, traditionally a month of heightened crypto activity, approaches.Tether Dominates the Stablecoin MarketTether has firmly established its dominance in the stablecoin market, with its USDT representing a substantial 75% market share. This reflects not only the trust placed in Tether by investors but also its strategic positioning within the cryptocurrency sphere. Notably, Tether’s profitability surpassed that of renowned asset manager BlackRock in 2023, highlighting its financial prowess.The company’s success is further cemented by its market cap…

In a substantial move for the blockchain sphere, Coinbase is set to launch its wrapped Bitcoin (cbBTC) on the Solana network. This announcement was made during Solana’s Breakpoint 2024 event in Singapore, reinforcing the network’s growing prominence.Significance of Solana’s Network ExpansionSolana has long been termed the ‘Ethereum Killer’, a nickname that seems increasingly fitting as it continues to attract major projects. The decision by Coinbase to bring its wrapped Bitcoin to Solana is yet another testament to the network’s robust architecture and growing influence in the crypto world.The lack of a specific launch date does not diminish the significance of…