The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in recent weeks to lay off hundreds of workers as part of massive downsizing to keep the companies afloat. A leaner organization is part of the company’s realignment of its entire global strategy. The 250 Vice employees comprise about 10% of the company’s workforce. HuffPo and BuzzFeed Layoffs “Difficult Changes” was the subject line of the email sent
By CCN.com: Russia’s media watchdog, Roskomnadzor, plans to sue Facebook and Twitter for not complying with laws pertaining to the storage of Russian’s citizen’s data. There is speculation this could lead to Facebook and Twitter being banned in Russia. Such a ban might have a greater impact on Twitter than it would on Facebook. Russia
The post Why a Russian Social Media Ban Would Hurt Twitter More Than Facebook appeared first on CCN
In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as next month. The claim was quoted in multiple reports, although never double-checked or substantiated.
Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions.
Last year the Bitcoin Cash (BCH) community welcomed a BCH-based social media network called Memo.cash. Since then Memo has gathered a lot of traction with hundreds of profiles and thousands of onchain updates and conversations posted to the BCH chain.
The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirmed any of the media allegations yet. But sources inside the organization have revealed
The post Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down appeared first on CCN
Telecom giant AT&T has filed a blockchain-oriented patent application to “map” social media histories. Titled “Blockchain-Based Social Media History Maps,” and published on Thursday, it describes a system of tracking social media history “on behalf of” subscribers. Presumably, such a service would be most useful to employers and prospective employers. AT&T Eyes Blockchain for Social
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The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is
The post SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs appeared first on CCN
Research suggests that when it comes to covering bitcoin, bad news sells. According to a study conducted by blockchain firm Clovr, the coverage of bitcoin by the mainstream media peaked at the time when the cryptocurrency fell from its all-time high at the beginning of this year. While coverage of bitcoin by the mainstream media
The post Mainstream Media Coverage of Bitcoin Goes up as Price Falls: Survey appeared first on CCN
The mainstream media narrative regarding Bitcoin (BTC) and other cryptocurrencies has largely been the same since last year’s bull run, drawing erroneous comparisons between the blockchain industry and the infamous dot-com bubble or worse, the Beanie Baby bubble. The headlines have gotten worse in recent weeks as the crypto market has added further losses fueled by the […]
BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry.
Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.
The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.
Bitcoin is of course not without its problems. Scalability through the lightning network is causing Bitcoin problems. The network is sluggish and seemingly unable to cope with the growing demand for the cryptocurrency. The Bitcoin blockchain is often slow and hindered by delay, meaning that in terms of adoption, the big pro of the speed of cryptocurrency is reduced to nothing. Bitcoin is now hard to adopt, because it’s no longer a quick solution.
Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.
The need for new solutions that bring together the prevailing worlds of traditional finance and modern-day financial technology has never been greater. At the forefront of this developing trajectory is Stackr, a global fintech company that aims to disrupt the global savings industry by assisting clients in achieving their long-term wealth acquisition goals. Launched in May 2018, this startup features a team that has known each other for decades and collaborated on similar financial solutions for years.
Now that the cryptocurrency market has pulled back roughly 80% from its all-time highs, the mainstream media has begun making the comparisons between the blockchain industry and the infamous dot-com bubble that saw worthless internet companies like Pets.com raise hundreds of millions of dollars before the market collapsed. A recent article by Bloomberg titled “Crypto’s […]
The post Deloitte report outlines why telecom, media, entertainment firms should invest in blockchain appeared first on CoinReport.
An American academic has written an article criticizing dominant media narratives surrounding China’s regulatory actions pertaining to cryptocurrencies. The article’s author, Nicholas Krapels, asserts that “most casual observers of Chinese politics do not understand” that “by design, Chinese law maintains a grey area” and get caught up in the “clickbait-oriented sensationalist echo chamber” of contemporary digital media.”
American Scholar Criticizes Dominant Media Narratives Surrounding China and Crypto
An article written by Nicholas Krapels – an American academic who has lived in China since 2011 whilst working towards his PhD in Chinese politics at East China Normal University, has criticized mainstream media narratives pertaining to Chinese regulatory actions regarding cryptocurrencies.
Japanese social media company LINE is doubling down on its bet that cryptocurrency has a bright future. The publicly-traded LINE announced on Friday that it has launched its own cryptocurrency, named “LINK,” complete with an independent blockchain designed to serve as a platform for decentralized applications (dApps). A LINE representative told CCN that the blockchain
The post Japanese Social Media Giant LINE Launches Cryptocurrency, DPoS Blockchain appeared first on CCN
The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation.
Scam Me Once…
That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” and a “smoke curtain.”
Venezuela revalued its bolivar fuerte August 20, chopping five zeros off its notes and coins and effectively devaluing its exchange rate by a giant 96 percent.
WeChat, the popular Chinese messaging app owned by Tencent (TCEHY), is reportedly banning cryptocurrency and blockchain-related media outlets from its platform. According to a breaking report by Chinese finance media company Lanjinger, at least 15 major media outlets have been banned from the platform, including Jinse, Huobi Daily, Golden Finance, Firecoin Information, Cannon Rating, Coin World […]