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BINANCE: Tigran Gambaryan’s health is not deteriorating in Kuje prison, Nigerian Government replies US lawmakers
Latest News Plus June 22, 2024 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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.
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
Latest News Plus June 21, 2024 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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.
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.
Binance Executive loses Fundamental Suit against EFCC
Justice Inyang Ekwo of the Federal High Court, Abuja, on Wednesday, June 19, 2024 dismissed the fundamental rights enforcement suit filed by the Africa Regional Manager of Binance Holdings Limited, Nadeem Anjarwalla (at large), against the Economic and Financial Crimes Commission, EFCC and the National Security Adviser.
Justice Ekwo, in a short ruling, dismissed the suit for lack of diligent prosecution.
At the last court’s session, March 28, 2024, Anjarwalla’s counsel, Tonye Krukrubo (SAN), had sought leave of the court to withdraw his appearance in the matter and the application was granted.
He said the matter was adjourned till Wednesday, June 19, 2024 for mention but no lawyer appeared for the applicant.
The Binance Executive and his colleague, Tigran Gambaryan, had filed separate human rights enforcement suits against the EFCC and NSA, seeking an order to release them from detention.
The two crypto-exchange executives, in the suits marked: FHC/ABJ/CS/355/24 and FHC/ABJ/CS/356/24, sued the ONSA and EFCC as first and second respondents.
Kukrubo, whose appearance on Wednesday was solely for Gambaryan, moved a motion seeking to amend his client-originating process, a request the EFCC lawyer, Olarewanju Adeola, opposed.
Justice Ekwo, however, granted Krukrubo’s request to amend his application.
He held that parties, by law, were entitled to amend their processes before judgment.
The court, however, fined Gambaryan the sum of N50, 000 to be paid to the EFCC for joining issues in the matter.
Justice Ekwo held that the fine must be paid before the next adjourned date of July 9.
Both Anjarwalla and Gambaryan, in their separate fundamental rights enforcement applications, sought a declaration that their detention and the seizure of their international travel passport contravened Section 35 (1) and (4) of the 1999 Constitution (as amended).
They claimed the act amounted to a violation of their fundamental rights to personal liberty as guaranteed by the constitution, among others.
Anjarwalla and Gambaryan are both United States citizens working for Binance, a crypto exchange platform.
The duo were arraigned on a 5-count charge bordering on alleged tax evasion, currency speculation and money laundering to the tune of $34,400,000 (Thirty-Four Million, Four Hundred Thousand United States Dollars).
When they were first arrested, they were kept in the custody of the NSA, however, Anjarwalla absconded from lawful custody on March 22, 2024, to Kenya.
Source: EFCC
Justice Inyang Ekwo of the Federal High Court, Abuja, on Wednesday, June 19, 2024 dismissed the fundamental rights enforcement suit filed by the Africa Regional Manager of Binance Holdings Limited, Nadeem Anjarwalla (at large), against the Economic and Financial Crimes Commission, EFCC and the National Security Adviser.
Justice Ekwo, in a short ruling, dismissed the suit for lack of diligent prosecution.
At the last court’s session, March 28, 2024, Anjarwalla’s counsel, Tonye Krukrubo (SAN), had sought leave of the court to withdraw his appearance in the matter and the application was granted.
He said the matter was adjourned till Wednesday, June 19, 2024 for mention but no lawyer appeared for the applicant.
The Binance Executive and his colleague, Tigran Gambaryan, had filed separate human rights enforcement suits against the EFCC and NSA, seeking an order to release them from detention.
The two crypto-exchange executives, in the suits marked: FHC/ABJ/CS/355/24 and FHC/ABJ/CS/356/24, sued the ONSA and EFCC as first and second respondents.
Kukrubo, whose appearance on Wednesday was solely for Gambaryan, moved a motion seeking to amend his client-originating process, a request the EFCC lawyer, Olarewanju Adeola, opposed.
Justice Ekwo, however, granted Krukrubo’s request to amend his application.
He held that parties, by law, were entitled to amend their processes before judgment.
The court, however, fined Gambaryan the sum of N50, 000 to be paid to the EFCC for joining issues in the matter.
Justice Ekwo held that the fine must be paid before the next adjourned date of July 9.
Both Anjarwalla and Gambaryan, in their separate fundamental rights enforcement applications, sought a declaration that their detention and the seizure of their international travel passport contravened Section 35 (1) and (4) of the 1999 Constitution (as amended).
They claimed the act amounted to a violation of their fundamental rights to personal liberty as guaranteed by the constitution, among others.
Anjarwalla and Gambaryan are both United States citizens working for Binance, a crypto exchange platform.
The duo were arraigned on a 5-count charge bordering on alleged tax evasion, currency speculation and money laundering to the tune of $34,400,000 (Thirty-Four Million, Four Hundred Thousand United States Dollars).
When they were first arrested, they were kept in the custody of the NSA, however, Anjarwalla absconded from lawful custody on March 22, 2024, to Kenya.
Source: EFCC
BIS Survey: 94% of Central Banks Exploring Digital Currency
Latest News Plus June 15, 2024 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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.
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
Latest News Plus April 05, 2024 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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
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
What is DeSo (Decentralized Social)?
• 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
• 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.
• 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
• 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
• 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.
• 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
Octane $50m developers fund: How to Apply for Funding
The Octane Fund is a $50 million fund to fuel the already-thriving Decentralized Social developer ecosystem, according to the deso.org.
Learn how to apply for funding today!
Now, armed with $50 million in cash, the Octane Fund will focus on the following initiatives:
Backing founders who are in "idea" stage at very favorable terms. To be considered for this funding, you must ideally build a demo that uses the DeSo blockchain in some way and submit your info to this very short form here.
Backing existing companies that are considering integrating DeSo features into their product. To be considered for this funding, please apply here.
Running multiple global hackathons focused on building out key components of the DeSo ecosystem, with large non-dilutive cash prizes and even larger equity investments for winning projects.
And the Octane Fund is only the beginning. In the coming weeks, we are excited to announce separate initiatives geared toward funding NFT artists on the DeSo blockchain as well as smaller creators via their social tokens. Stay tuned!
The Octane Fund is a $50 million fund to fuel the already-thriving Decentralized Social developer ecosystem, according to the deso.org.
Learn how to apply for funding today!
Now, armed with $50 million in cash, the Octane Fund will focus on the following initiatives:
Backing founders who are in "idea" stage at very favorable terms. To be considered for this funding, you must ideally build a demo that uses the DeSo blockchain in some way and submit your info to this very short form here.
Backing existing companies that are considering integrating DeSo features into their product. To be considered for this funding, please apply here.
Running multiple global hackathons focused on building out key components of the DeSo ecosystem, with large non-dilutive cash prizes and even larger equity investments for winning projects.
And the Octane Fund is only the beginning. In the coming weeks, we are excited to announce separate initiatives geared toward funding NFT artists on the DeSo blockchain as well as smaller creators via their social tokens. Stay tuned!
#DESO: The Octane Fund dedicates $50M to devs building on DeSo, Apply today - @Nader
Latest News Plus October 05, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
#DESO: The Octane Fund dedicates $50M to devs building on DeSo, Apply today - @Nader
"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
"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
Amazing, Native video is here on DeSo Chain
As a big announcement is underway today for the Decentralized Social media, the future of native video has been added to the DeSO Blockchain.
As a big announcement is underway today for the Decentralized Social media, the future of native video has been added to the DeSO Blockchain.
#DESO: MAJOR announcement coming Tuesday October 5th
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.
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.
Keep #DeSo Community safe: List of Authentic and fake #SCAMALERTS
Latest News Plus October 01, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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.
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
Latest News Plus September 30, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
@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
@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
Breaking: @scam_alert flags LatestNewsPlus on #DESO, see the conversations
Latest News Plus September 30, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
Breaking: @scam_alert flags LatestNewsPlus on #DESO, see the conversations
#DESO: @nader Explains how Blockchain powers the new social media platform (Video)
Latest News Plus September 24, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
BitClout now to be known as DeSO: An announcement that sets the coin on fire as a DeSO is now over $100
Latest News Plus September 23, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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.
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.
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.
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.
Update on BITCLOUT: You can buy CLOUT with ETH and MetaMask on any BitClout node!
Latest News Plus September 20, 2021 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
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!
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!
Today, for the first time, you can buy CLOUT with ETH and MetaMask on any BitClout node!
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!
BITCLOUT REFERRALS COMING: How it looks like!
BitClout is a social media platform owned by its users.
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.
BitClout is a social media platform owned by its users.
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.
Seven Arrested for Bitcoin Scam in Port Harcourt, Umuahia
Latest News Plus February 07, 2020 No comments![](https://resources.blogblog.com/img/icon18_email.gif)
Seven Arrested for Bitcoin Scam in Port Harcourt, Umuahia
The trio of Kufre Miller Okoh, Joshua Tom and Emmanuel Ekpuk Anderson were picked up by operatives of the Commission on Tuesday, February 4 in an early morning raid on their hide out, No 52/53 Azungu Street, Rumuigbo, Port Harcourt, while the quartet of Pascal Alisiri, Chimeze Umungalaen, Clinton Alisiobi and Joshua Onuigbo were arrested at Intercontinental Hotel, Umuahia, Abia State on February 3, 2020.
Preliminary investigation indicate that the suspects, particularly those arrested in Port Harcourt were neck deep in bitcoin scam.
The trio of Kufre Miller Okoh, Joshua Tom and Emmanuel Ekpuk Anderson were picked up by operatives of the Commission on Tuesday, February 4 in an early morning raid on their hide out, No 52/53 Azungu Street, Rumuigbo, Port Harcourt, while the quartet of Pascal Alisiri, Chimeze Umungalaen, Clinton Alisiobi and Joshua Onuigbo were arrested at Intercontinental Hotel, Umuahia, Abia State on February 3, 2020.
Preliminary investigation indicate that the suspects, particularly those arrested in Port Harcourt were neck deep in bitcoin scam.
Iran: 1,000 cryptocurrency miners given permits
A limited number of authorized mining farms currently are active across the country.
“Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economy…but high electricity tariffs plus stringent regulations have made the sector less appealing for small investors,” Amir Hossein Saiedi was quoted as saying by IBENA.
A limited number of authorized mining farms currently are active across the country.
“Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economy…but high electricity tariffs plus stringent regulations have made the sector less appealing for small investors,” Amir Hossein Saiedi was quoted as saying by IBENA.
Bitcoin was the best investment of the decade - CNN
CNN backed its claim with numbers provided by Bank of America Securities, which showed a tiny $1 investment in Bitcoin at the start of 2010 would be worth more than $90,000 today (or, considering its latest price dives, until quite recently).
Still, regardless of its recent performance, Bitcoin dominated more traditional investments. Even though the US stock market is the strongest in the world, $1 in American stocks at the start of the decade would now reportedly be valued at just $3.46.
One dollar invested in a 30-year US treasury bond over the same time period would now be worth $2.08.
Gold, however, was reportedly the top commodity of the 2010s (aside from Bitcoin, of course). A $1 gold investment in 2010 is said to be worth just $1.34, while the same in oil would equate to 74 cents.
Bitcoin definitely performed better than the Greek equity market
CNN listed some terrible investments, too. A dollar in Myanmar currency at the start of the decade would now reportedly be worth a measly 4 tenths of one US cent today.
Thanks to Greece’s debt crisis, 100 cents in the Greek equity market would now equate to only seven cents.
While BTC’s value indeed went from fractions of a penny to thousands of dollars today, it’ll surely be hard to defend its title of “best investment of the decade.”
Now, Bitcoin faces its next test: the 2020s.
CNN backed its claim with numbers provided by Bank of America Securities, which showed a tiny $1 investment in Bitcoin at the start of 2010 would be worth more than $90,000 today (or, considering its latest price dives, until quite recently).
Still, regardless of its recent performance, Bitcoin dominated more traditional investments. Even though the US stock market is the strongest in the world, $1 in American stocks at the start of the decade would now reportedly be valued at just $3.46.
One dollar invested in a 30-year US treasury bond over the same time period would now be worth $2.08.
Gold, however, was reportedly the top commodity of the 2010s (aside from Bitcoin, of course). A $1 gold investment in 2010 is said to be worth just $1.34, while the same in oil would equate to 74 cents.
Bitcoin definitely performed better than the Greek equity market
CNN listed some terrible investments, too. A dollar in Myanmar currency at the start of the decade would now reportedly be worth a measly 4 tenths of one US cent today.
Thanks to Greece’s debt crisis, 100 cents in the Greek equity market would now equate to only seven cents.
While BTC’s value indeed went from fractions of a penny to thousands of dollars today, it’ll surely be hard to defend its title of “best investment of the decade.”
Now, Bitcoin faces its next test: the 2020s.