NFT News Daily Offcial TheBitTimes.com

BNB Chain meme coins plummeted after Binance founder Changpeng Zhao (CZ) said that his posts on X should not be seen as endorsements. 4, which soared to a new all-time high (ATHs) during the recent frenzy, has slumped over 22% in the last 24 hours, according to CoinMarketCap .  Among other prominent names, Palu (PALU) slid over 14% and GIGGLE plunged before bouncing back to trade 3% down. Many other BNB tokens have lost more than 20% of their value. CZ Says His Posts Are Not Financial Advice CZ said in an X post that he tried to avoid posting content related to meme coins online, but added that this was “impossible” given that there are “too many” of these tokens in the market. ”For a brief time, I tried avoiding meme related content in my tweets,” he said.  “Now I just tweet normally, any overlap to memes is coincidental, not endorsement.” Good advice 👇 For a brief time, I tried avoiding meme related content in m...

Snap stock jumped 11.2% in recent trading sessions, and this comes as retail traders are getting ready for what could be a meme rally while the stock buyout speculation keeps coming back. The current Snap stock price surge is happening right now amid extremely bullish sentiment, along with high message volume among retail investors who are watching closely. Snapchat sentiment indicators showing extremely bullish outlook – Source: Stockwits Snap Stock Price, Forecast, News Today & Snapchat Stock Buyout Retail Meme Rally Actually Drives Snap Stock Higher Retail traders are closely watching Snap stock as sentiment hits extremely bullish levels and message volume climbs to 74 across key platforms. The current stock price of $8.16 represents a pretty significant move from recent lows, even as pre-market trading shows continued strength at $8.72. Current Snap stock trading data showing $8.16 price – Source: Stockwits Retail traders are actually positioning themselves for what coul...

Why Gen Z Is Embracing Crypto Faster Than Any Generation? In a world increasingly shaped by digital innovation, Gen Z is emerging as the driving force behind one of the most disruptive financial revolutions of our time: cryptocurrency. A generation born between the late 1990s and early 2010s, Gen Z has grown up in an era of smartphones, social media, and decentralized thinking — making them uniquely positioned to adopt and shape the future of crypto. Digital Natives in a Decentralized World Unlike previous generations who had to adapt to digital trends, Gen Z was raised on the internet. They’re fluent in tech, naturally skeptical of traditional financial systems, and eager for tools that offer autonomy. Crypto, with its peer-to-peer ethos and decentralized nature, aligns perfectly with their worldview. “Crypto isn’t just an investment for Gen Z. “It represents freedom, innovation, and a break from outdated financial models.” Financial Empowerment on Their Terms With inflation, r...

Crypto traders are debating whether Donald Trump’s social media passwords have been cracked, as the President-elect’s accounts tout the launch of his “official” memecoin. The memecoin launch announcement hit Trump’s social media platform Truth Social first, and was posted on X shortly thereafter. The new coin is built on the Solana network, and has already tapped a $2.95 billion market cap, according to CoinGecko. The coin’s website is attributed to CIC Digital LLC, which is the same team Trump used to launch his official NFT projects. A total of 80% of the coins are currently locked, and will be released over several years. Trump has promised to support crypto innovation and adoption, as well as establish a national Bitcoin reserve. Odds on the Bitcoin reserve happening in the first 100 days of Trump’s administration stand at 42% on Polymarket at time of publishing. Source: https://thebittimes.com/official-solana-b...

“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said. Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue. “This will be our last post,” said the LBRY Inc. team in an Oct. 20 statement on Odysee, a LBRY-powered video-sharing website, which was also shared on X. LBRY Inc. is winding down. The LBRY network is unaffected. Odysee and other assets will undergo a legal process to satisfy debts, but Odysee has a bright future ahead. Thank you to everyone who fought with us for online freedom. A final goodbye post is in the first reply. — LBRY (@LBRYcom) October 19, 2023 LBRY said several millions of dollars of debt owed to the SEC, its legal team and a private debtor ended up being too big a barrier to overcome. “LBRY Inc. must die, there is no escaping this. It has lost a judgment to the fede...

Video platform forays into Web3 with a decade-long social media experience and over 100 million active users. The controversial topic of how social media platforms distribute ad revenue generated from user content came into the spotlight when Twitter’s new owner, Elon Musk, announced revenue-sharing plans with creators. In a tweet, Musk specified that the micro-blogging platform plans to share ad revenue with creators “for ads that appear in their reply threads.” However, no further updates followed the initial announcement, adding to the centralized social media giant’s infamy for being stingy when it comes to revenue sharing with people who create content on its platform. Thanks to the inherent capabilities of blockchain, such as decentralization, faster settlement speeds and better security, revenue sharing has become much more reliable in the Web3 era. Users have found new ways to interact with platforms and get a share of the revenue generated from a wide range of activities on W...