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Bruce B. Dec 16, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Former Twitter CEO, Jack Dorsey has donated roughly 14 BTC to fund Nostr's development, after recently publishing his views on a native internet protocol for social media.

With the 14 Bitcoin, Dorsey donated about $245,000 to further fund development of NOSTR, which is an Acronym for Notes and Other Stuff Transmitted by Relays.

After it was reported that Jack will donate $1 million annually to encrypted messaging app, Signal, Koty Auditore took to Twitter to urge Dorsey to fund Nostr, following a blog post where Dorsey published his views on the need for a native internet protocol for social media.

Dorsey replied to the tweet two hours later, saying he was “figuring out how to do that.” Roughly 24 hours after that, he deployed funds to developer @fiatjaf.

NOSTR is an open protocol that aims to create a censorship-resistant global social network. The protocol doesn’t rely on a trusted central server; instead, all users run a client.

Using this client, users publish content by writing a post, signing it with their private key and sending it to other servers which then relay that content along.

The relays are simple: Their only job is to accept posts and forward them along to relay participants.

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https://youtu.be/O3pwKS4Dd74
 
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Bruce B. Dec 15, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
US prosecutors and the SEC announced they have charged eight individuals in a securities fraud scheme. Prosecutors allege that the men made $114 million by using Twitter and Discord platforms to manipulate stock prices. The scheme dates back to at least January of 2020.





The eight social media stock influencers purported to be successful traders, but in reality were running an elaborate pump and dump scheme by promoting specific stocks to their followers and dumping their shares when the prices had risen because of their promotion.





The complaint from the SEC reads: 'To their legions of followers on social media, the eight defendants have, for years, promoted themselves as trustworthy stock-picking gurus. In reality, they are seasoned stock manipulators.'





They would identify stocks ripe for manipulation, acquire substantial positions in these securities, and then recommend those stocks as good investments on their podcasts, in online stock-trading forums they ran, and to their one and a half million Twitter followers. Instead, the defendants sell their shares into the demand that their deceptive promotions generate.





By pumping the stock prices and then selling them off almost immediately, the men 'bragged and laughed about making profits of more than $100 million dollars at the expense of their followers'





However, the SEC says those charged created a mountain of evidence routinely discussing their schemes during Discord voice chats that they believed were private, but were being recorded.





#substantial2 #individuals0 #trustworthy7 #substantial9 #substantial8 #substantial7 #substantial1 #substantial6 #influencers #substantial5 #substantial0 #investments5 #investments4 #trustworthy1 #individuals6 #trustworthy0 #investments1 #commission #individuals #substantial4 #manipulate #investments9 #substantial0 #investments3 #trustworthy6 #investments8 #individuals5 #successful #individuals3 #trustworthy5 #individuals2 #investments0 #investments7 #substantial3 #trustworthy4 #individuals4 #trustworthy3 #trustworthy9 #manipulators #individuals1 #substantial #trustworthy2 #disruption #individuals7 #investments #trustworthy8 #trustworthy #investments2 #investments6





https://lnkd.in/eBiDbwwJ
 
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Bruce B. Dec 14, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Welcome to the Bullet Point Bulletins Weekly Wrap-Up With Bruce Burke and Tedd Huff of Fintech Confidential.

This week we are discussing how Walmart has a new Fintech service called ONE. And we’ll be talking about how Starbucks is embracing Web3 and expanding their popular Rewards program with NFTs and Journey Stamps.

And of course we’re taking a look at how Ledger has created the iPod of Crypto Wallets with Apple's Tony Fadell. We're also talking about how Twitter is creating their own cryptocurrency tokens.

A special shout out to Tedd Huff of @Fintech Confidential for his support and interaction on this and many other projects. We'll continue to do this wrap-up every week we are able. It's interesting to discuss these happenings with Tedd.

#disruption2 #disruption1 #bulletins #starbucks #nonfungible5 #confidential3 #innovation1 #innovation0 #innovation9 #nonfungible4 #confidential2 #innovation8 #confidential1 #disruption0 #nonfungible9 #disruption9 #disruption8 #nonfungible8 #nonfungible3 #cryptocurrency #nonfungible2 #nonfungible1 #disruption7 #confidential0 #custodial #innovation #disruption #cryptocurrency9 #financial #cryptocurrency2 #cryptocurrency1 #disruption6 #cryptocurrency8 #nonfungible0 #innovation7 #disruption5 #nonfungible #financial1 #confidential9 #nonfungibletokens #confidential #disruption9 #disruption8 #innovation6 #innovation5 #cryptocurrency0 #innovation4 #cryptocurrency7 #nonfungible7 #innovation3 #financial0 #cryptocurrency6 #confidential8 #innovation2 #confidential7 #nonfungible6 #disruption4 #confidential6 #confidential5 #disruption3 #confidential4 #cryptocurrency5 #innovation3 #cryptocurrency4 #cryptocurrency3

https://youtu.be/fP1ff9PJH8g
 
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