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Home Blog Page 3475

Meta to Temporarily Shutdown Threads in Turkey: Here is Why

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Meta, the parent company of Facebook, has announced plans to temporarily shut down Threads in Turkey to comply with an interim order of the Turkish Competition Authority (TCA).

This move by the tech giant is coming after the TCA recently issued an interim order prohibiting the sharing of data between Threads and Instagram.

The TCA alleged that upon investigation, META abused its dominant position by connecting Threads and Instagram applications. It added that META collects data from users who create Threads profiles based on their Instagram accounts without providing users with the option of consent. This was assessed that it would cause irreparable harm until the investigation was completed.

The TCA noted that within the framework of the current findings, it has decided to apply a temporary measure to prevent data merger behavior that may occur as a result of the data transfer mechanism between Instagram and Threads.

In December, Turkish regulators announced the investigation of the way Meta linked Threads with Instagram, concluding last month there was a strong case to answer for. In its provisional report, the TCA wrote:

•Since META has been operating in the market for many years, it has a comprehensive and detailed data accumulation.

• The size and diversity of META’s user base make META services attractive to advertisers.

• This situation allows META to allocate more resources for service development and makes it difficult for competitors to access advertisers and therefore financial resources, and in this context, META’s activities create an entry barrier in the market.

•In addition, META operates as an ecosystem with the basic services and related services it offers, and this enables META to transfer the power and knowledge it gains from each service to another service and increases its market power.

In response to these allegations, META disagreed with the interim order imposed by the TCA, alleging that the company has complied with all Turkish legal requirements, vowing to appeal the decision.

Meta wrote,

“The TCA recently issued an interim order prohibiting the sharing of data between Threads and Instagram. We disagree with the interim order, we believe we are in compliance with all Turkish legal requirements, and we will appeal. The TCA’s interim order leaves us with no choice but to temporarily shut down Threads in Türkiye. We will continue to constructively engage with the TCA and hope to bring Threads back to people in Türkiye as quickly as possible.”

Furthermore, META is reportedly taking steps to minimize any disruption as much as possible, which include;

  • Everyone using Threads in Türkiye will be notified of this decision within the Threads app before 29 April.
  • People using Threads in Türkiye can choose whether to deactivate but not delete their Threads profile or to delete their profile.
  • If a person chooses to deactivate their profile, then users’ posts and interactions with other people’s posts will become visible again if Threads returns to Türkiye.
  • People with deactivated profiles can download their posts and preserve their existing content through our Download Your Information tool at any time.

In the buildup to April 29, everyone using Threads in Turkey will receive a notification about the impending closure, and they will be given a choice to either delete or deactivate their profile.

Tekedia Capital Posts 10 Startups for April 2024 Investment Cycle

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Greetings! We are very happy to update that Tekedia Capital has published 10 startups for the current investment cycle. We have presented a highly diversified group across sector, geography, maturity phase, etc including Canadian, Benin Republic, Congo DRC, Nigerian, USA, etc, firms. We have three YC companies in the cohort.

Syndicate Members, on the link provided, you can go straight to see the companies. Once logged in with the membership email, the direct link is https://capital.tekedia.com/lesson/active/

We made a special video for each startup and also provided their respective pitch decks. Please keep all the startups confidential until we have invested. Also, there are some startups that have space constraints; so learning of your interest immediately will be appreciated. Email capital@tekedia.com.

More so, remember the Demo Day scheduled for April 27, 2024 at 4-6pm WAT; the Zoom link is in the Board when you login. All the startups will be live to present and take your questions.

For this Demo Day, please bring your investment friends, families, advisors and associates along; indeed, any person you consult with as you make investment decisions. The proceeding will be recorded and available in the board afterwards.

Have a great moment checking them and if you have any questions, please contact us. (If you have forgotten your password, email us for a temporary one or just go here to request a new one https://capital.tekedia.com/setup/.)


Tekedia Capital Team
Join capital.tekedia.com here
capital@tekedia.com

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BlockDAG Achieves $17.3M in Presale Following Whitepaper V2 Release as XRP Targets $1 Amid Uniswap’s Trading Boom

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BlockDAG is rapidly gaining momentum in the cryptocurrency market, having impressively raised $17.3 million in presales following the release of its much-anticipated Whitepaper V2. As the cryptocurrency community buzzes with excitement, Ripple’s XRP is on the brink of potentially reaching the $1 milestone, propelled by a broader trading boom highlighted by Uniswap’s significant trading volume increases. This dynamic period in the crypto markets showcases BlockDAG’s emergence as a leader in blockchain innovation, promising a staggering 30,000x ROI and setting new standards in speed, efficiency, and scalability.

Meanwhile, as Uniswap’s cumulative trading volume surpasses $2 trillion, the platform continues to expand its influence across the decentralised finance landscape, contributing to a vibrant trading environment that could favourably impact XRP’s ascent. Amid these developments, BlockDAG’s groundbreaking technology and robust presale performance position it as a formidable contender in the rapidly evolving digital finance space.

Uniswap’s Remarkable Trading Volume Milestone

Uniswap, the premier decentralised exchange, has recently achieved a significant milestone by surpassing $2 trillion in cumulative trading volume. The Uniswap Foundation is optimistic about this achievement, viewing it as the start of further growth. Currently active on nine blockchains, Uniswap continues demonstrating robust activity, processing $2.4 billion in trades over the last 24 hours.

This impressive volume represents 32% of all decentralised exchange volumes during this period. This performance underscores Uniswap’s pivotal role in the decentralised finance arena and highlights its widespread adoption and effectiveness across diverse blockchain platforms.

XRP’s Price Stability and Growth Prospects

As the Bitcoin halving event nears, Ripple’s XRP displays a neutral trend, with a slight year-to-date decline of 1.96%, raising investor concerns about its ability to reach the $1 mark. Despite these uncertainties, XRP recently saw a significant 20.44% price surge within just a few hours, though it encountered resistance at $0.7310 and fell back into bearish territory.

This recent price volatility has sparked renewed hope among investors for a potential rally that could push XRP toward the $1 threshold, underscoring the cryptocurrency’s unpredictable nature and the high stakes involved in its trading dynamics.

BlockDAG: A Platform for Decentralized Development Across Sectors

BlockDAG stands out as a revolutionary platform that enables developers to efficiently develop decentralised applications. With strong support for advanced smart contracts, BlockDAG drives innovation not just in decentralised finance (DeFi) but also enhances processes in supply chain management by improving transparency and traceability.

From its initial $1 million raised within 24 hours in the first batch to amassing over $17.3 million by its 9th batch, BlockDAG has demonstrated robust market confidence. The platform’s layer 1 technology addresses the critical blockchain trilemma of balancing scalability, security, and decentralisation.

A comprehensive financial review indicates a price rise of $0.001, setting the current price at $0.005. This is expected to increase to $0.006 within 48 hours, potentially impacting market sentiment and investor actions.

Additionally, BlockDAG’s commitment to sustainable digital transformations is evident in its ASIC crypto mining solutions, which resonate well with environmentally conscious stakeholders.

BlockDAG’s Market Impact Amid Crypto Uncertainty

As the Bitcoin halving looms, the cryptocurrency community is keenly watching if XRP can climb to the $1 mark. Meanwhile, the Uniswap Foundation is gearing up for further growth. Amid these developments, BlockDAG emerges as an outstanding investment opportunity, underscored by a 30,000x ROI potential and robust presale achievements. With $17.3 million already raised, BlockDAG confirms its market viability and inspires urgency among investors, setting the stage for sustained success in the evolving crypto landscape.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG’s Impressive 30,000x ROI Potential Attracts Toncoin Investors Amid Anticipated Litecoin Price Surge

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BlockDAG is swiftly capturing the attention of the cryptocurrency community, especially Toncoin investors and those anticipating a Litecoin price surge. With its recently launched eighth batch, BlockDAG has successfully raised $17.3 million in presales, showcasing an incredible potential for a 30,000x return on investment. This remarkable growth positions BlockDAG  Network as a standout in the digital finance revolution, offering an attractive alternative to traditional blockchain solutions.

As Toncoin achieves a significant year-to-date increase and Litecoin investors brace for expected gains, BlockDAG emerges as a powerful contender, promising substantial returns and a robust solution to the industry’s scalability and security challenges. Its strategic innovations and solid market performance make it a prime choice for investors looking to capitalise on the next big wave in cryptocurrency, setting the stage for what could be a transformative period in the crypto market.

Toncoin Investors Experience Exceptional Growth

Toncoin (TON) has seen remarkable investor interest following its 138% gain this year, reaching a new peak at $5.69 on March 27, 2024. This growth was propelled by Telegram’s new ad revenue-sharing program, where channel owners can earn through Toncoin.

Furthermore, Telegram’s announcement of a potential IPO contributed to a 61% price surge shortly after that. The TON Foundation has also boosted investor enthusiasm by introducing a $115 million Toncoin community rewards program, showing continued upward momentum for Toncoin.

Anticipated Litecoin Price Surge

The cryptocurrency community is keeping a vigilant eye on Litecoin (LTC), with predictions of a significant price increase in the near future. This optimism stems from Litecoin’s recent breakout from a bullish pennant pattern on the hourly chart, suggesting the potential for further gains.

For Litecoin to secure a 25% rise in its value, it must sustain support above the crucial $98 threshold. Maintaining this level is essential for setting the stage for a possible upward trajectory. This strategic price point acts as a pivotal support that could propel Litecoin’s value, enhancing its attractiveness to investors and traders looking for promising opportunities in the dynamic cryptocurrency market.

BlockDAG’s Groundbreaking Achievements in Batch 9

BlockDAG’s journey began with a notable $1 million raised within just 24 hours during its first batch. In its 9th batch, BlockDAG has raised over $17.3 million in presales, selling over 7.5 billion coins.

This success is underpinned by its innovative use of the PHANTOM and GHOSTDAG protocols within its Directed Acyclic Graph (DAG) architecture, which ensures transaction accuracy and enhances network security. These protocols not only validate and sequence transactions reliably but also promote honest node behaviour, maintaining the integrity and health of the network.

To manage trading activities and mitigate price volatility, BlockDAG has dedicated 4.9 billion coins, or 5% of its total supply, to its liquidity pool. This strategic reserve ensures consistent coin availability, enhancing the ecosystem’s stability and supporting ongoing trading needs.

Observations of recent market trends show a significant price increase of $0.001, bringing the current price to $0.005. Projections suggest that the price will further rise to $0.006 within the next 48 hours, highlighting the impact of fundamental market dynamics.

BlockDAG’s Potential to Lead the Next Crypto Bull Run

While Toncoin and Litecoin continue to capture headlines with their impressive performances, BlockDAG stands out with its innovative technology and robust presale success. Having already raised $17.3 million and successfully marketed over 7.5 billion coins, BlockDAG is poised to potentially lead the next major bull run in the cryptocurrency market. With its technical advancements and the recent release of its V2 whitepaper in Las Vegas, BlockDAG is not just meeting but exceeding investor expectations, offering a promising 30,000x ROI that positions it at the forefront of the digital finance revolution.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu