Just a few years ago, it seemed cryptocurrencies and social media could not be connected in any way other than news. However, in the last year, there have been many integrations of blockchain and online platforms. Today, we will talk about the news related to crypto and social media that happened over the past week.
Telegram Will Share Profits With Users
Starting in March, owners of Telegram channels in more than 100 countries will be able to receive financial rewards for their work. The app’s founder, Pavel Durov announced this on his official channel.
“Broadcast channels on Telegram generate 1 trillion views monthly. Currently, only 10% of these views are monetized with Telegram Ads — a promotion tool designed with privacy in mind.
In March, the Telegram Ad Platform will officially open to all advertisers in nearly a hundred new countries. Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying ads in their channels.” said Durov.
All payments and withdrawals will be made on The Open Network (TON) blockchain. This network is being developed by the same company as Telegram. They will sell ads to channel owners and share the revenue in Toncoin.
“This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels”, explains the founder.
Exchanges Face Massive Bitcoin Withdrawals Every Day
The withdrawal of the world’s first cryptocurrency from exchanges is happening at a pace that the crypto industry has not seen in many years. This is because the price of Bitcoin is currently on the verge of exceeding its historical high. Crypto analyst James Van Straten drew attention to this phenomenon and the huge volumes of Bitcoin withdrawn from exchanges on March 3 in his X.
Data from the Glassnode market analysis platform showed that more than $2 billion worth of Bitcoin was withdrawn on the first day of March. Van Straten commented on the situation as follows: “I don’t think I’ve quite seen anything like this before”. The total amount of funds withdrawn that Friday exceeded $2.3 billion, one of the largest outflows in a long time.
These withdrawals are comparable to the outflows seen in June 2021, which also saw record withdrawals.
Glassnode’s data shows that as of March 2, the total amount of Bitcoin assets available on exchanges fell to 2,286,347 BTC ($142.5 billion). This is the lowest figure since March 2018, when the value of the cryptocurrency was around $8,000.
WhiteBIT Has Become an Official Broker of TradingView
WhiteBIT, one of the largest cryptocurrency exchanges in Europe, has been officially added to the list of brokers on TradingView. The exchange announced this in a blog post. From now on, users will be able to trade on the platform by linking their crypto wallet and using the balance on the exchange.
In addition, users will be able to analyze the market and use other TradingView tools to diversify spot trading.
WhiteBIT users can now use more than 15 charts, compare instruments, analyze multiple time frames, receive notifications about asset price changes, and much more. Thanks to the integration, it is now possible to use limit, stop-limit, market, and trailing orders, as well as TradingView tools for spot trading.
To use this feature, you need to create an account on WhiteBIT and TradingView, pass KYC verification, and activate two-factor authentication (2FA). After that, you will be able to link your accounts and interact with TradingView via the exchange.
This integration opens up new opportunities for traders by providing access to one of the best platforms for trading.
ChatGPT Can Now Talk
On Monday, OpenAI announced a new ChatGPT feature on the X social network. From now on, the chatbot can voice answers for users.
The chatbot speaks 37 languages and automatically detects them based on the language of the request.
In September 2023, ChatGPT launched a voice chat feature where users can directly ask for chatbot prompts without typing. However, the new feature will allow people to read the written answers aloud in ChatGPT. Currently, you can choose from five voice options and set ChatGPT to always respond orally.
In mobile apps, users can tap and hold the text to open the Read Aloud player, where they can play, pause, or rewind the reading. In the web version, a speaker icon appears below the text.
Buterin Congratulated Reddit On Its IPO But Said He Was Upset About It
Ethereum blockchain developer Vitalik Buterin on Monday praised Reddit for its decision to accept participant ownership in its upcoming initial public offering (IPO). However, the expert also expressed his disappointment with the restrictions imposed by US law on the platform’s participants.
Reddit shared the details of the IPO and invited certain users to participate in its IPO. The letter emphasized that only US residents could participate. In addition, the platform added that users could become owners of Reddit at the same price as investors. Explaining that this is a sign of gratitude to them for helping to make the network what it is today.
Noting Reddit’s efforts at “user ownership,” Buterin pointed out the similarities between community engagement and user empowerment and the world of cryptocurrencies. However, when discussing US residency criteria, the Ethereum founder said: “This is the fault of regulation and not Reddit themselves, but this made me sad.”
“This is why crypto; it’s a global economy,” Buterin concluded.
