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Discover five blockchain-based social media platforms that are reshaping online interactions. Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology.  This article will discuss five well-known blockchain-based social media sites: Steemit, Verasity, Binded, Audius and Sapien. Steemit Based on the Steem blockchain, Steemit is an innovative decentralized social media network. Users are paid for curating and creating content in this novel incentive approach. Users are motivated to create high-quality content and interact with the community since they can earn Steem (STEEM) tokens based on participation. By fostering a thriving ecosystem of content producers and paying them directly, Steemit’s strategy transforms the conventional social media model. Verasity Verasity is another block...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels? In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange- trade d fund (ETF) filing, but other events might have also fueled the cryptocurrency gains. Pechman asserts that, following a period of enforcement actions by regulators against exchanges allegedly acting as unregistered securities brokers, the United States crypto regulatory environment has improved. More recently, the U.S. Securities and Exchange Commission has drawn opposition in Congress and the Federal Reserve. That shows just how conflicting the U.S. government’s views on crypto regulation are. Pechman shows how Bitcoin futur...

Lawyers say they are seeing an increasing number of divorce settlements featuring digital assets. Most crypto investors probably aren’t thinking about divorce or what will happen to their digital assets in the event of separation, but lawyers say it’s becoming a very common scenario as more people hold crypto assets.  Last year, market research firm GWI suggested that as much as 10.2% of global internet users aged 16 to 64 own crypto, with most ownership skewed toward nations experiencing high inflation or fluctuation in the value of their national currency. Independent data and statistics tracker World Population Review suggests the divorce rate worldwide varies between lows of 0.15 divorces per 1,000 residents in Sri Lanka to highs of 5.52 per 1,000 people in the Maldives. Divorce rates by country. Source: World Population Review Speaking to Cointelegraph, Claire Walczak, a senior associate from independent law firm Lander & Rogers, who works in the firm’s family and relationsh...

Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another. A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, JumpCrypto, and others. It's time to make building in crypto more accessible than ever before. Introducing the $50m Cross-Chain Ecosystem Fund, powered by Wormhole! pic.twitter.com/y3VeCsUrSa — Wormhole (@wormholecrypto) May 18, 2023 The fund will help startups that are “innovating cutting-edge apps, infrastructure, or tools that span multiple ecosystems,” according to its application page on the Wormhole website, which also describes the fund as “anti-maxi” or promoting the idea that more than one blockchain is nee...

After debuting a Bitcoin Embassy in Switzerland’s city of Lugano, El Salvador continues expanding its BTC strategy with a new partnership with Texas. The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States. El Salvador, a country that adopted Bitcoin as legal tender in 2021, is expanding its Bitcoin strategy with a new partnership with the Government of Texas. The intergovernmental collaboration aims to set up a Bitcoin Embassy, or El Salvador’s representative office, in Texas in order to work on new joint projects to promote Bitcoin adoption. Milena Mayorga, ambassador of El Salvador to the United States, announced the news in a statement on Twitter on Feb. 14. Texas Deputy Secretary of State Joe Esparza and El Salvador’s U.S. ambassador Milena Mayorga. Source: Twitter “In my meeting with the assistant secretary of the government of Texas, Joe Esparza, we discussed the opening...

Blockchain technology may be a solution when it comes to anti-theft measures for retailers. The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft.  Findings from the National Retail Federation’s 2022 Retail Security Survey show that retail losses from stolen goods increased to $94.5 billion in 2021, up from $90.8 billion in 2020. Some retail ers also have to lock away certain products to prevent theft , which may lead to decreased sales due to consumers’ inability to access goods. Retailers look toward blockchain to solve retail theft Given these extreme measures, many innovative retail ers have started looking toward Technology to combat retail theft . For example, Lowe’s, an American home improvement retail er, has recently implemented a proof-of-concept called Project Unlock, which uses radio frequency identification (RFID) chips, Interne...

One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects. Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations. Two new projects have been announced in December, including one that provides cash aid to Ukrainian refugees through the Stellar network and another that plans to offer cash and vouchers through the Partisia network. But past Blockchain projects have had mixed results. Some projects have been effective at allowing recipients to bypass red tape and receive the aid they need, but with others the use of Blockchain has turned out to be superfluous. On Dec. 15, Stellar Development Foundation announced that it has formed a partnership with the United Nations High Commissioner for Refugees (UNHCR) to offer USD Coin (USDC) on the Stellar network as a form of cash assistance to Ukrainian refu...