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X CEO Says Platform Has Disbursed Nearly $20 Million to Content Creators

By
Ojukwu Emmanuel
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0

The CEO of X (formerly Twitter), Linda Yaccarino has announced that the platform has disbursed nearly $20 million to content creators.

Announcing this, Linda wrote on her X handle,

“Create. Connect. Collect all on X. We’re enabling the economic success of new segments like creators. And so far we’ve paid out almost $20 million to our creator community”.

X officially launched its ads revenue sharing for content creators on July 2023, an initiative introduced to compensate creators for generating revenue from their posts and replies.

During the launch, X CEO Linda Yaccarino expressed her enthusiasm for the program, stating that it represents an absolute game changer for the platform’s creators.

The platform began paying verified creators in July, the same month the ads revenue was rolled out. According to Musk, the first payments which were cumulative from February onward, totaled around $5 million. Musk clarified that the revenue payout to content creators would be cumulative.

In order to participate in X’s ads revenue sharing program, users must meet specific criteria. Firstly, they need to be verified subscribers. Secondly, they must have garnered a minimum of 15 million impressions on all of their posts within the last three months.

Once a user has accumulated at least $50 in revenue, they automatically become eligible for regular payouts. This enables creators to receive their rightful share of the ad revenue generated from their posts in a timely and consistent manner.

With these promising strides towards empowering content creators, X aspires to foster a thriving community where talents can flourish and be duly rewarded for their contributions.

X is hoping to attract more content creators via ad revenue payouts to users who are subscribed to X Blue. By appealing to content creators with potential compensation, marketers, agency execs and content creators believe it could boost X Blue subscribers as well as retool the way that creators view the app.

It is worth noting that several marketers are eyeing X’s willingness to pay out a portion of its advertising revenue share as a way to mitigate its problems after Musk’s takeover and rebranding.

In its bid to lure more users and Blue subscribers, X in August this year, rolled out a new initiative aimed at luring smaller businesses to advertise on its platform. The company announced that it would offer a one-time ad credit of $250 to select businesses when they spend $1,000 or more on new ad campaigns over the next 30 days.

Ever since Musk took over the platform last year October, he disclosed that X (formerly Twitter) has been unprofitable for a long time, which has spurred him to roll out different revenue-generating programs on the platform.

Musk also wants to turn the app into an everything app that can serve users in so many areas, from payments to shopping, etc.

Su Zhu, Founder of Three Arrows Capital arrested in Singapore, As OpenSea records API security Breach

By
Paul Ugbede Godwin
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0

Su Zhu, the founder and CEO of Three Arrows Capital, a prominent crypto hedge fund, has been arrested by the Singapore police on charges of fraud, money laundering and embezzlement. Three Arrows Capital, which was once one of the largest and most influential crypto funds in the world, announced its bankruptcy last week, after suffering massive losses due to the market crash and regulatory crackdowns. The fund claimed that it had lost over 90% of its assets under management, which amounted to more than $3 billion at its peak.

However, according to the police, the fund’s collapse was not due to market forces, but rather to a series of fraudulent and illegal activities orchestrated by Su Zhu and his associates. The police allege that Su Zhu had been siphoning off funds from the fund’s accounts to his personal offshore accounts, as well as using the fund’s money to finance his lavish lifestyle and gambling habits. The police also accuse Su Zhu of laundering money through various shell companies and crypto exchanges, and of embezzling funds from the fund’s investors and creditors.

The police said that they had been investigating Su Zhu and Three Arrows Capital for several months, after receiving multiple complaints and reports from the fund’s stakeholders. The police said that they had gathered enough evidence to arrest Su Zhu and raid his office and residence. The police also said that they had frozen Su Zhu’s assets and accounts, and that they were working with other authorities to track down his accomplices and recover the stolen funds.

Su Zhu is currently being held in custody and is facing multiple charges that could result in a long prison sentence and hefty fines. He has not yet issued any statement or comment on the allegations. His lawyers have declined to comment as well.

The arrest of Su Zhu has sent shockwaves across the crypto industry, as he was widely regarded as one of the most influential and respected figures in the space. He was known for his bullish views on crypto and his aggressive trading strategies. He was also a vocal advocate for crypto regulation and innovation in Singapore, where he had established his fund in 2012.

Three Arrows Capital was one of the first crypto hedge funds in Asia, and had attracted many high-profile investors and partners, including Binance, BitMEX, FTX, Coinbase and Grayscale. The fund had also invested in many promising crypto projects and startups, such as Polkadot, Solana, Avalanche and Serum.

The fund’s bankruptcy and Su Zhu’s arrest have dealt a major blow to the crypto industry, especially in Singapore, which has been trying to position itself as a leading crypto hub in the region. The incident has also raised questions about the transparency, accountability and security of crypto funds and platforms, and has eroded the trust and confidence of many investors and users in the crypto space.

OpenSea tells users to rotate API keys after third-party Security Breach

OpenSea, the leading NFT marketplace, has issued a security alert to its users after a third-party service provider suffered a data breach that exposed some API keys. The company advised users to rotate their API keys as a precautionary measure and assured them that no funds or NFTs were at risk.

According to a blog post published by OpenSea on September 29, 2023, the security incident occurred on September 26, 2023, when one of its email service providers, SendGrid, was compromised by an unknown attacker. The attacker gained access to some of OpenSea’s email templates that contained API keys for interacting with the OpenSea platform.

OpenSea said that it immediately revoked the exposed API keys and notified the affected users via email. The company also said that it conducted a thorough investigation and found no evidence of any malicious activity or unauthorized access to user accounts or wallets.

However, as a best practice, OpenSea recommended that users who received the email notification should rotate their API keys as soon as possible. To do so, users need to go to their account settings page on OpenSea and click on the “Rotate API Key” button. This will generate a new API key that can be used for future transactions.

OpenSea also apologized for any inconvenience caused by the security breach and said that it is working closely with SendGrid to prevent such incidents from happening again. The company said that it takes user security very seriously and is constantly improving its systems and processes to protect its users and their assets.

OpenSea is the largest and most popular NFT marketplace, with over $10 billion in trading volume in the past month. The platform allows users to buy, sell, and create digital collectibles such as art, music, games, and sports memorabilia. OpenSea supports various blockchain networks, including Ethereum, Polygon, and Flow.

Circle to submit information on behalf of SEC about USDT, TUSD, BUSD, and FDUSD

By
Paul Ugbede Godwin
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0

In a surprising move, Circle, the company behind the USDC stablecoin, has filed a motion with the court to provide some information on behalf of the SEC regarding four other stablecoins: USDT, TUSD, BUSD, and FDUSD. The motion comes as part of the ongoing lawsuit between the SEC and Ripple, the issuer of XRP, over whether XRP is a security or not.

According to the motion, Circle claims that it has relevant and material information about the four stablecoins that could help the court determine the nature and status of XRP. Circle argues that USDT, TUSD, BUSD, and FDUSD are not securities, but rather digital assets backed by fiat currencies or other assets. Circle also asserts that these stablecoins are widely used in the crypto industry and have a significant impact on the market price and liquidity of XRP.

Circle has intervened in the Securities and Exchange Commission’s case against major crypto exchange Binance, arguing that financial trading laws shouldn’t spread to stablecoins whose value is tied to other assets. In June, regulators charged Binance with multiple legal violations for facilitating trades in cryptocurrencies, such as Solana’s SOL, Cardano’s ADA and the Binance stablecoin BUSD, which the SEC alleged constituted unregistered securities. That’s become one of the most major cases in crypto right now, as the world’s biggest crypto exchange – alongside rivals like Coinbase – seek to argue that crypto isn’t caught by existing heavy-handed U.S. financial laws.

Circle’s motion is likely to raise some eyebrows in the crypto community, as it seems to be siding with the SEC against Ripple, despite being a major player in the stablecoin space. Some may wonder why Circle would voluntarily offer to share information with the SEC, especially when it is facing its own regulatory scrutiny over USDC. Others may speculate that Circle is trying to gain some favor with the SEC or distance itself from other stablecoins that may be under investigation.

Whatever the motive, Circle’s motion could have important implications for the outcome of the SEC vs Ripple case, as well as for the future of stablecoins in general. The court will have to decide whether to grant Circle’s motion and what weight to give to its information. The crypto community will have to wait and see how this unexpected twist unfolds.

US Congressman introduces bill to keep centralized records of all off-chain crypto transactions

A new bill introduced by US Congressman Don Beyer aims to regulate the cryptocurrency industry and impose stricter reporting requirements for off-chain transactions. The bill, titled the Digital Asset Market Structure and Investor Protection Act, would create a statutory definition of digital assets and digital asset securities, and establish a framework for their regulation by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

One of the most controversial provisions of the bill is the requirement for any person who engages in a transaction involving a digital asset that is not recorded on a distributed ledger or platform to report such transaction to a registered digital asset trade repository within 24 hours. The bill defines a digital asset trade repository as an entity that collects and maintains information on digital asset transactions and makes it available to regulators and the public.

The bill also requires any person who transfers more than $10,000 worth of digital assets in a single transaction or in aggregate over a one-year period to report such transfers to the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). The bill would also subject digital assets to anti-money laundering and countering the financing of terrorism rules and impose sanctions on foreign persons who use digital assets to evade US sanctions or engage in illicit activities.

The bill’s sponsor, Congressman Beyer, said in a press release that the bill “would protect consumers, promote innovation, and ensure that America remains a leader in the digital asset space.” He added that “digital assets and blockchain technology hold great promise, but it is clear that the market needs a legal framework to prevent abuse and ensure that investors are protected.”

However, the bill has also faced criticism from some industry experts and advocates, who argue that it would stifle innovation, impose excessive compliance costs, and infringe on the privacy and autonomy of crypto users. They claim that the bill would create a centralized database of all off-chain crypto transactions, which could be vulnerable to hacking, surveillance, or misuse by authorities. They also contend that the bill would impose unrealistic reporting requirements that would be impossible to comply with for many types of off-chain transactions, such as peer-to-peer transfers, atomic swaps, or transactions involving privacy coins or decentralized exchanges.

Some critics have also questioned the need for such a sweeping regulation of the crypto industry, given that existing laws already cover most aspects of digital asset transactions. They point out that the SEC and the CFTC already have jurisdiction over digital asset securities and derivatives, respectively, and that FinCEN already requires crypto exchanges and custodians to register as money services businesses and comply with anti-money laundering rules. They also note that the IRS already treats digital assets as property for tax purposes, and that crypto users already have to report their gains and losses on their tax returns.

The bill is currently pending before the House Committee on Financial Services, where it will likely face further scrutiny and debate. It is unclear whether it will gain enough support to pass the House, let alone the Senate, where it would need 60 votes to overcome a filibuster. The bill’s fate may also depend on the Biden administration’s stance on crypto regulation, which has yet to be fully articulated.

Balancing Market Volatility: Elonator, Hedera And Tezos

By
TI Partners
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0

In the cryptocurrency world, where market volatility reigns supreme, finding a crypto token that stands out and offers stability can be like searching for a needle in a haystack. Amidst the tumultuous times that have rocked the crypto market, two tokens have managed to emerge as shining beacons of hope: Hedera (HBAR) and Tezos (XTZ).

However, a newcomer on the scene is turning heads and raising eyebrows – the Elonator token (ETOR). In this comparative exploration, we’ll delve into the potential of ETOR as a smart crypto investment, drawing parallels with HBAR and XTZ.

Market Volatility: The Ever-Present Challenge

Market volatility is the one constant in the crypto world. Prices surge and plummet in the blink of an eye, leaving investors on a rollercoaster ride of emotions. In such a climate, investors crave stability and reliability. This is where tokens like Hedera and Tezos have carved their niche. These stalwart cryptocurrencies have weathered the storms and shown resilience, making them stand tall amidst the chaos.

Hedera (HBAR) and Tezos (XTZ): The Proven Players

Hedera (HBAR) and Tezos (XTZ) are not newcomers to the crypto arena. They have established themselves as strong contenders, offering features like smart contracts, scalability, and governance mechanisms that have attracted investors and developers alike. Their ability to withstand market volatility and adapt to changing conditions has solidified their positions as reliable investments.

<< Click Here To Learn More About Elonator Presale >>

Amidst the buzz surrounding Hedera and Tezos, Elonator (ETOR) has silently but steadily made its presence felt. Unlike the presale meme coins that often come and go like shooting stars in the crypto sky, ETOR has positioned itself as a serious contender. Millions of tokens have already been sold in its ongoing presale, catching the attention of crypto enthusiasts and investors alike.

Comparing ETOR with HBAR and XTZ

While HBAR and XTZ have established themselves as strong players in the crypto world, ETOR offers a unique value proposition. It combines the stability and governance features of HBAR and XTZ with a forward-looking vision, much like Elon Musk himself. ETOR is not just a meme coin but a token with a purpose and plan.

Investors seeking a crypto investment that goes beyond the hype should consider ETOR. It combines the best of both worlds, offering stability and reliability while embracing innovation and adaptability. In a market known for its unpredictability, ETOR provides a refreshing perspective.

Consider ETOR as a Strong Investment Choice

In a crypto landscape dominated by market volatility, it’s crucial to consider investments that stand the test of time. Hedera and Tezos have proven their worth; now, Elonator (ETOR) is stepping up to the plate. While it may be a relative newcomer, ETOR brings a unique blend of stability and innovation to the table.

Investors, crypto enthusiasts, and those seeking insightful investments should take note. Consider ETOR a strong investment choice that could shine brighter as it navigates the turbulent crypto waters. The crypto world is ever-evolving, and ETOR appears poised to play a significant role in its future. Keep an eye on this token, for it may just be the next big thing in the crypto market.

For more information on Elonator:

Presale: https://buy.elonator.com/
Website: https://elonator.com

Telegram: https://t.me/ElonatorCoin

Twitter: https://twitter.com/ElonatorCoin

Shibarium Launch Sparks Price Surge for Shiba Inu & Bone ShibaSwap: DogeMiyagi Shines With Its 4th Presale

By
TI Partners
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0

Shiba Inu (SHIB) and Bone ShibaSwap (BONE) have witnessed substantial price surges in the past week, fueled by anticipation for the upcoming Shibarium launch. Notably, SHIB has demonstrated a departure from the broader crypto market trend, displaying positive movement on both daily and weekly charts even during a bearish market phase. Remarkably, SHIB has managed to defy the market sentiment and elevate its price. Furthermore, there has been a noticeable uptick in whale engagement with SHIB, as reflected in the notable rise in whale-related transactions.

Let’s learn more about it in this comparative article as we delve into Shiba Inu and Bone Shibaswap, exploring their development and impact on the meme coin market. Furthermore, we examine how the entry of DogeMiyagi (MIYAGI), a meme coin with a promising presale and captivating project, could position it as the preferred choice within this dynamic landscape. Let’s unravel the complexities of these meme coins and their connection to the highly anticipated Shibarium launch.

Shiba Inu and Bone Shibaswap: A Price Surge Analysis

Due to their rapid price surges, Shiba Inu and Bone Shibaswap have gained substantial attention. Inspired by the Shiba Inu dog breed and touted as the “Doge killer,” Shiba Inu has witnessed significant price fluctuations. Its unique blend of meme culture and cryptocurrency ambitions has attracted enthusiasts and investors. Bone Shibaswap, on the other hand, introduced the concept of yield farming and decentralized exchanges to the meme coin domain. Its innovative approach and community-driven development have contributed to its price surge.

Shiba Inu Burn Rate and Shibarium Layer 2

One key factor contributing to Shiba Inu’s price surge is its burn rate strategy, which aims to reduce the supply over time. This scarcity-oriented approach has resonated with investors seeking long-term value. Additionally, the upcoming launch of Shibarium, a layer two solution designed to enhance scalability and reduce transaction costs, has generated optimism within the Shiba Inu community.

Bone Shibaswap and Yield Farming Innovation

Bone Shibaswap’s emphasis on yield farming and decentralized exchanges has set it apart from traditional meme coins. Its protocol rewards liquidity providers, incentivizing participation and fostering an active community. This innovative approach has fueled its price surge and attracted users looking for more dynamic engagement.

DogeMiyagi: Shining In The Presale Field

DogeMiyagi’s approach to meme coin development focuses on building a robust and supportive community. Rooted in the principles of its namesake, the coin aims to empower individuals by sharing life lessons, supporting accomplishments, and creating a space for cryptocurrency discussions and meme creation. The MIYAGI token is the cornerstone of this ecosystem, facilitating transactions, NFT purchases, and network governance.

DogeMiyagi’s choice to build on the Ethereum blockchain underscores its commitment to reliability and innovation. Ethereum’s established reputation, extensive developer community, and eco-friendly proof-of-stake mechanism align with DogeMiyagi’s values. This choice also positions DogeMiyagi within a vast ecosystem of Dapps and services, enhancing its visibility and potential.

DogeMiyagi’s Potential and The Future of Meme Coins

As Shiba Inu and Bone Shibaswap surge in the meme coin realm, DogeMiyagi emerges as a compelling option with a unique blend of meme culture and profound teachings. Its connection to Mr. DogeMiyagi’s history, Ethereum’s reliable and green blockchain, and its commitment to quality set it on a path to success. The 4th presale is going on with a blast. There are only a few chances one can get. So, investing in the DogeMiyagi presale allows you to be part of an initiative that merges ambition with knowledge, creating a space where meme culture, cryptocurrency, and life lessons converge. Join us on this journey to embrace the teachings of Mr. DogeMiyagi and contribute to a thriving and unique meme coin ecosystem.

 

To learn more about DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/Dogemiyagi

Telegram: https://t.me/dogemiyagi

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