BINANCE: Tigran Gambaryan’s health is not deteriorating in Kuje prison, Nigerian Government replies US lawmakers

The Nigeria's government has debunked allegations that the health of a United States Binance executive, Tigran Gambaryan is deteriorating while in custody at Kuje Correctional Service.

Mohammed Idris, Nigeria’s Minister of Information and National Orientation issued the rebuttal in a statement on Friday.

What you need to know: Tapswap team cleared the doubts about if tapswap pays or not

The question on the lips of every Tapswap participant around the world and Nigeria especially remains whether the Tapswap project would be able to financially benefit its players.

The Tapswap team was quizzed on this by the hosts of the X-space and they replied with all confidence that the project would definitely benefit its users financially.

Meanwhile, Nigeria is becoming a leader in Web 3 adoption, driven by the decentralized nature of the technology and its appeal to those interested in crypto trading and airdrop campaigns.

Nigeria as a country has been at the forefront of Web 3 adoption for some time now. This is against country's Apex Bank time to time warning since the early days of Bitcoin invention.

The popularity of telegram-based Web 3 clicker games like Tapswap, Hamster Kombat, Blum and Notcoin highlights the growing interest in Web 3 by a huge number of Nigerians looking to earn money by participating in Airdrop campaigns and crypto trading as well.

You too can JOIN:

TAPSWAP 

HAMSTER KOMBAT

BLUM

BIS Survey: 94% of Central Banks Exploring Digital Currency

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs).  Bitcoin.com reportd 

There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality.

BIS eleased a report on June 14, titled “Embracing diversity, advancing together – results of the 2023 BIS survey on central bank digital currencies and crypto.” The survey gathered insights from 86 central banks regarding their involvement in CBDC projects and cryptocurrency initiatives.

According to the report:

Ninety-four percent of surveyed central banks are exploring a central bank digital currency (CBDC). The survey suggests that central banks are proceeding at their own speed, taking diverse approaches and considering different design features.

The report highlights that there has been a significant increase in experiments and pilot projects involving wholesale CBDCs, particularly in advanced economies, with some emerging markets and developing economies also intensifying their efforts in this area.

“Overall, the likelihood that central banks will issue a wholesale CBDC within the next six years now exceeds the likelihood that they will issue a retail CBDC,” the report

 notes.

Central banks have also enhanced their engagement with stakeholders to inform CBDC design, with many still undecided on specific features, the BIS report details. Interoperability and programmability are frequently considered for wholesale CBDCs, while retail CBDCs are being evaluated for holding limits, interoperability, offline capabilities, and zero remuneration.

Regarding cryptocurrencies, the report states:

On crypto, the survey indicates that, to date, stablecoins are rarely used for payments outside the crypto ecosystem. Moreover, about two out of three responding jurisdictions have or are working on a framework to regulate stablecoins and other cryptoassets.

EFCC Denies Stopping Service of Charges on Binance Chief

The Economic and Financial Crimes Commission, EFCC, wishes to react to a news report in a leading national newspaper entitled: “EFCC Stopped Service of Charges on Binance Chief, FIRS Alleges”. The report is untrue, misleading and removed from the facts before the court.

At no time did the court bailiff approach the EFCC to serve any of the Binance executives in its custody with a charge. At the last sitting of the court, counsel to the Federal Inland Revenue Service, FIRS, Moses Ideh, did not lodge such a complaint before the court. He only told the court that the Service was yet to serve the defendants.  

The Commission, therefore, finds the news item preposterous and embarrassing. The public is enjoined to ignore it entirely.

 

Source: EFCC

Video: Decentralized Social Media: What you need to know about #DaeSO?

 

 

Just consider it that a post submitted to Instagram, TikTok, or Twitter and etc belongs to these corporations, rather than the creator who posted it. And the monetization goes predominantly to these corporations as a result.

In contrast, according to the DeSO protocol, DeSO stores all of its data on a public blockchain, which means that anyone in the world can run a node that exposes their own curated feed. Today, bitclout.com operates one such node, but there are over 100 other projects running nodes and building apps on DeSo Blockchain as well.

DeSo, short for "decentralized social," is the first and only blockchain custom-built from the ground up to power and scale a new category of decentralized social applications to one billion users.

 DeSO holds much promise for value creation.

Click to Open your profile page now on DESO

What is DeSo (Decentralized Social)?

It’s like Facebook. But decentralized.

• A Layer-1 blockchain built to decentralize social media applications at scale

• A token supporting BitClout, the crypto social network that allows each creator to have their own tokens that can be bought and sold by followers


Join DeSO now and have your profile set-up

Use cases of DeSo

• Decentralizes the normally centralized data collected by social media applications.
• Puts content and intellectual property ownership back into the hands of creators on social.
• Creates a way for creators to have direct relationships with followers without intermediaries, unlocking new ways to engage and monetize audiences without ads.
Why is DeSo getting attention?

• October 4th, 2021 saw the longest Facebook outage in the company’s history, sparking discussions of more resilient technologies.

History of DeSo

• The DeSo blockchain was created by Nader Al-Naji, who started work on the project in early 2019.
• Al-Naji worked in high-frequency trading at D. E. Shaw and as an engineer on Google Search prior to raising $133 million for Basis, his previous company, which was building a decentralized dollar.
• Al-Naji is also the creator of BitClout, a high-profile social app built on the DeSo blockchain.


Join DeSO now to open your profile

Source: blockchain.com

#DESO: The Octane Fund dedicates $50M to devs building on DeSo, Apply today - @Nader

The big announcement has been made and indeed DeSO is on track of history.

The Octane Fund is a $50 million fund to fuel the already-thriving Decentralized Social developer ecosystem.

 According to deso.org , the DeSo Foundation is committed to supporting the decentralization of social media, with a strong focus on supporting the DeSo blockchain, the first blockchain custom-built to scale social applications to one billion users.

To support its mission, the DeSo Foundation has over $200 million in backing from Sequoia, Social Capital, Andreessen Horowitz, and many others. Now, as our first major initiative, we are proud to announce that we are launching a $50 million developer fund that we're calling The Octane Fund.

Why Octane? Because this fund is all about fueling and accelerating the already-rapid growth of the DeSo developer ecosystem. Even though the DeSo blockchain has only been in beta for six months, there are already over 100 apps building on DeSo, including Flick, created by Nigel Eccles, co-founder and former-CEO of FanDuel, Pulse, backed by Social Capital, and Polygram.cc, a first-class NFT marketplace

Listen to @Nader Sl-Nani, head of DeSO foundation: 

"Until today, there was only one way to run a social network: One company controlling everything. Now there's a new model: Thousands of independent devs building on the DeSo blockchain."

The Octane Fund dedicates $50M to devs building on DeSo. Apply today!

deso.org/blog/a-50-million-fund-to-fuel-the-decentralized-social-developer-ecosystem

Before DeSo, you had to be a cog in the machine to develop new social products, and there were only three apps to work on.

DeSo presents a new model where YOU control your destiny, and where you can build a future that we can't even imagine today.

Let's break free of the machine.

If you have an idea for a new kind of social app, apply to the Octane Fund, and we'll help you start your own social media company.

If you've ever felt like the conglomerates have eaten everything, and there's no room left for a little entrepreneur to compete...

If you've been thinking about starting a company but not sure anyone would support you...

Now is the time.

We're here for you, and we can't wait to see what you build.

docs.deso.org

@Nader concluded.

This announcement is one of it's kind and very earthshaking fothe devs world! 

To put the records straight, it should be noted that before #DeSo emergence, it would be nearly impossible to find funding for a new social media platform/app. 

According to @Krassenstein in his words: "This was because every project would start with 0 data and need to attract users in order to start building data."

"What Deso does is providing every developer on the chain with a firehose of data, and lets them concentrate on the actual development, rather than user acquisition, to build out the data they would need to succeed."

#DESO: MAJOR announcement coming Tuesday October 5th

@Nader said: A major DeSo announcement is coming Tuesday October 5th. Are you ready for some Octane?

The Decentralized Social Blockchain
DeSo is a new layer-1 blockchain built from the ground up to scale decentralized social applications to one billion users.

Read about clear VISION of DESO

Keep #DeSo Community safe: List of Authentic and fake #SCAMALERTS

 FAKE #SCAMALERT HANDLES

1. @Scam_Identified_DONT_BUY

2. @scam_alert

AUTHENTIC #SCAMALERT HANDLES

1. @SCAM_DETECTED

We will be updating this page as soon as we can confirmed a Scam Alert page to be authentic or fake. Members of the community can also tage @LatestNewsPlus for any suspicious or authentic page of scamer alert page.

Correctly, there are a lot of such pages on DeSO which can't just categorized either as authentic or fake.

But unlike the confirmed authentic page above, they are all out to make profit by destroying other creator coin via false flags without any due diligent search.

They too can and should be flagged and added up here for people to know which is which.

@LatestNewsPlus on #DESO: @scam_alert apologized, removed the flag, see the messages

@latestNewsplus: You have until next 60seconds for our conversations here to be published!

6:56 PM

That’ll be enough  

Sold  

Found your article, I haven’t received any notification with @…  

If you sent this article directly to me it would be faster  

Sorry for inconvenience, but there are lots of scammers, I had to check you out  

https://twitter.com/latestnewsplus 

Is this your Twitter?  

Any social media?  

Instagram? 

***"See the earliest conversations

#DESO: @nader Explains how Blockchain powers the new social media platform (Video)

 DESO means "Decentralized social media"

BitClout now to be known as DeSO: An announcement that sets the coin on fire as a DeSO is now over $100

The latest announcement about the BitClout had it that the blockchain powering BitClout, and the over 100 apps building on top of it (bithunt.com/explore), will now be known as the DeSo blockchain.

DeSO is an acronym for "decentralized social." According to @DiamondHands in a statement on his profile on BitClout.

Since the announcement, in less 24hours, it has been a boom upward trending for the coin. Indeed it has been a Big day, aBig news for the BitClout community on the DeSo chain.

Creator Coins have also been gaining as the DeSo clamb new record trading price both on the BitClout and on Blockchain.com and it's exchange. We always had faith a developer focussed fund would be a smart decision over the long term. 

Read the Full announcement by @DiamondHands: 
BitClout family, today is a very big day for the project. Perhaps the biggest day since we launched in March.

Today, several critical things are happening:

* The blockchain powering BitClout, and the over 100 apps building on top of it (bithunt.com/explore), will now be known as the DeSo blockchain, short for "decentralized social." Check out deso.org!

* We are creating a non-profit called the DeSo foundation that will support the blockchain, and further a broad mission of decentralizing social media.

* The foundation will use a $200 million treasury raised from Sequoia, Social Capital, Andreessen Horowitz, and many others to support its mission. There is also a strategy to support everybody from developers, to NFT artists, to smaller creators and their coins, and we're very excited to announce all of those plans very soon.

Why are we doing this?


For over two years, I've been working on the blockchain that powers BitClout. It's the only blockchain that can scale social apps to one billion users because it's custom-built for this use-case.


This blockchain is the same one that powers the over 100 apps listed on bithunt.com/explore, and it's really something special. But until now, the blockchain didn't have a name, and most people who used these apps didn't even know it existed!


There is an amazing story here about the technology we're developing behind the scenes, so we felt it's time to separate the blockchain out into its own entity and give it its own name: DeSo, short for "decentralized social."


So, from now on, the blockchain that powers BitClout and all the other apps in the ecosystem will be known as the DeSo blockchain. And apps like BitClout will be referred to as "powered by DeSo."


DeSo is a blockchain, BitClout is one of over 100 apps *built on that blockchain.*


Now, with DeSo as its own separate brand, we can speak more directly to the developers that are so critical to growing the decentralized social movement we've started here together.


Developers can also feel more comfortable building on DeSo, knowing that they're getting access to the exact same data and API's that BitClout is getting.


BitClout is now no different and no more special than Pulse, Flick, Polygram, or any of the other amazing projects building on DeSo.


Importantly, nothing changes for users of any apps, except that we're going to call the underlying currency $DESO instead of $CLOUT. The supply is still fixed at ~10.8 million like it was before, and if you had X CLOUT before, you have X DESO now. We're just renaming to distinguish DeSo the blockchain from BitClout the app.


We felt renaming the currency was important to further reinforce that "BitClout the app" is not the same as "DeSo the blockchain."


In addition to this, it has always been our top priority to put a public and transparent support structure in place for the ecosystem, but we were concerned that setting up a formal structure too early would compromise decentralization by creating too much reliance on a single entity.


Now that the DeSo blockchain is running on thousands of nodes, and there are over a hundred projects building on the blockchain, we feel comfortable setting up an entity to formally and officially support the decentralized social ecosystem.


The DeSo Foundation is a non-profit, and it will be using a $200 million treasury raised from some of the top investors in the world to support the DeSo ecosystem.


Expect some big announcements about how we're going to use this treasury very soon!




There is also ..... One more thing....


As you all know, I've been working on this project anonymously for some time now. And during this time we've all achieved so much together, and made so many memories in the process.


But now, as we look to take BitClout, DeSo, and the ecosystem of apps built on it to the next level, we need a public figure that the mainstream can look to for guidance. Someone who can share our vision with the public at a much broader scale than what I'm capable of as a pseudonymous figure. And so, with both excitement and a heavy heart, it's time to pass the torch.




Today, I'm proud to announce that @nader will be your guide through phase 2 of our journey. I hope you'll give him a warm welcome, and that you'll have as much fun with him as I had with you all.


Going forward, @nader will be responsible for leading both the development of the DeSo blockchain, as head of the DeSo Foundation, and the development of the BitClout app.


Announcements about the platform will come from him going forward, and you should all be hearing from him very soon.


Really, it's crazy how much we've all achieved together. And even though our family has only been together for six months, it feels like I've known you all my whole life.


I'll still be around here and there, and even though my time as your leader is over, the journey is just beginning. It's a new era for this project, just don't forget why we're all here:


docs.deso.org


Just like the Bitcoin, DeSO developers remained anonymous.

Credit: @DiamondHands and @LetestNewsPlus 

Update on BITCLOUT: You can buy CLOUT with ETH and MetaMask on any BitClout node!

Today, for the first time, you can buy CLOUT with ETH and MetaMask on any BitClout node!

Until now, it's been hard for members of the ETH community to embrace BitClout because we didn't support their native currency.

This change opens BitClout up to 5M+ MetaMask users, opens it up to the #1 most active NFT community, and opens it up to ~$400 billion in ETH market cap that can now be a part of the ecosystem with just a few clicks.

If you know anyone in the ETH community be sure to let them know, and let's give them all a warm welcome!

Credit:  @Diamondhands

BITCLOUT REFERRALS COMING: How it looks like!

BitClout is a social media platform owned by its users. 

Just as a Bitcoin is decentralizing money also BitClout is decentralizing social media. BitClout is a new type of social network that mixes speculation and social media, and it's built from the ground up as its own custom blockchain. 

Like Bitcoin, BitClout is a fully open-source project and there is no company behind it-- it's just coins and code.

Referrals are imminent.

The System appears ready and the only holdup is timing its release with other features.

Every users will get their own referrals link.

When you share that link and a user goes to BitClout with that URL, a cookie is placed on their computer.

This means that if they don't immediately sign up, but go back later, the person who referred them still gets credit.

If multiple people refer the same person, the last link they clicked will determine the person who gets the reward.

Users will also be able to direct referrals to any page on Bitclout by adding the referral portion of a url to any Bitclout url.

As far as this decentralized BitClout social media is concerned, you can earn money even if you only browse the platform and don't create any content. The easiest way is to find creators whose content you enjoy on and off the platform, and buy their coin. You can do the same with projects you want to support.

BitClout is not a company. It is an open source blockchain like Bitcoin. BitClout was developed by an anonymous group, with a lead creator who goes by the name Diamondhands. According to Diamondhands, the group of creators has chosen to remain anonymous to keep the project decentralized.

The coin is currently on Blockchain.com wallet and it's Exchange.

Thank you @Tijn and @Diamondhands for some of this info.