Lily – Page 32 – Coingeography

'Trump dump' risks pulling Bitcoin price down to $88K

January 8, 2025 by Lily

Bitcoin, the world’s largest cryptocurrency, has been experiencing a turbulent ride in the past few days. After reaching an all-time high of $64,863 on April 14th, the digital currency suffered a massive drop of $5,000 in just one day. This sudden and significant decline has left many investors and traders wondering what the future holds for Bitcoin.

Despite some minor attempts to recover, Bitcoin has failed to rebound and is currently trading at around $55,000. This has caused concern among the crypto community, with many speculating that the recent bull run may have come to an end. Some experts even predict that a retest of the $88,000 level is now highly probable.

The sharp drop in Bitcoin’s price can be attributed to various factors, including a power outage in China’s Xinjiang region, which caused a significant drop in the network’s hash rate. This, combined with rumors of a potential crackdown on cryptocurrency exchanges in Turkey, has created a sense of uncertainty and fear in the market.

However, despite the recent dip, many analysts and investors remain optimistic about Bitcoin’s long-term prospects. They believe that this is just a temporary setback and that the cryptocurrency will continue to rise in value in the coming months. Some even see this as an opportunity to buy Bitcoin at a lower price before it potentially reaches new highs.

Moreover, the recent drop in Bitcoin’s price has not affected the overall market sentiment towards cryptocurrencies. In fact, many altcoins have seen significant gains in the past few days, with Ethereum reaching a new all-time high of $2,547. This shows that the crypto market is still thriving and that Bitcoin’s dominance may be slowly decreasing.

In conclusion, while the recent drop in Bitcoin’s price may have caused some concern, it is important to remember that the cryptocurrency market is highly volatile. It is not uncommon for Bitcoin to experience sudden and significant price fluctuations. Therefore, it is crucial to stay informed and make informed decisions when it comes to investing in cryptocurrencies.

Meta to scrap fact-checkers in favor of 'free expression'

January 7, 2025 by Lily

Meta, the parent company of popular social media platform Facebook, has announced a major change in its business model. In a recent statement, the company revealed that it will be transitioning to a community notes model, similar to that of the X platform.

This move comes as a response to the growing demand for more user-generated content and community-driven interactions on social media. With the rise of platforms like Reddit and Discord, where users can create and moderate their own communities, traditional social media platforms like Facebook have been facing criticism for their lack of control over the content shared on their platforms.

The new community notes model will allow Facebook users to create and manage their own communities, where they can share content, engage in discussions, and moderate the community according to their own rules. This will give users more control over the content they see and the interactions they have on the platform.

In addition to this, Meta has also announced that it will be implementing a new algorithm that will prioritize community-generated content over content from brands and advertisers. This means that users will see more posts and updates from the communities they are a part of, rather than sponsored content.

This shift towards a community-driven model is a significant change for Facebook, which has been primarily focused on connecting people with friends and family. However, with the changing landscape of social media and the increasing demand for more user control, this move seems like a necessary step for the company to stay relevant and competitive.

Meta has stated that this transition will take some time to fully implement, but it is committed to making the necessary changes to create a more engaging and user-friendly platform. With this new model, Facebook users can look forward to a more personalized and community-driven social media experience.

Telegram answered 900 US requests for user data in 2024: Report

January 7, 2025 by Lily

Telegram reportedly fulfilled 900 total requests from the US for IP addresses and phone numbers affecting 2,253 users.

Earn crypto for 2025 gaming predictions, 50M monthly gamers incoming: Web3 Gamer

January 7, 2025 by Lily

The future of Web3 gaming looks bright according to industry leaders, with exciting developments on the horizon. One such development is the launch of Yellow Panther’s AI Agent, which is set to revolutionize the gaming experience. This and other exciting news can be found in the latest edition of Web3 Gamer.
As the gaming industry continues to evolve, Web3 gaming executives are confident that the next 12 months will bring even more innovation and growth. With the recent launch of Yellow Panther’s AI Agent, gamers can look forward to a more immersive and interactive experience. Stay updated on all the latest developments in the world of Web3 gaming with Web3 Gamer.