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April 26, 2022, 8:31 a.m. EDT

Social Crypto is On The Rise as Decentralized Platforms Offer Free Speech, Privacy & Transparency

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Apr 26, 2022 (Financial News Media via COMTEX) -- Palm Beach, FL - April 26, 2021 – FinancialNewsMedia.com News Commentary – Social media has become a massive part of online life and the economy. Facebook, Twitter, and Google generate trillions of dollars worth of revenue. Since the earliest days of human civilization, people have been organizing their thoughts and ideas in social groups. We instinctively want to share our experiences with others and gather information, opinions, and entertainment from them. Ever since the internet appeared in our lives 30 years ago, social media has played an increasingly important role in connecting people to each other while also offering new ways to share information in a fast and efficient manner. Big companies are increasingly controlling and censoring what you can see on their platforms, however, creating a new breed of social media-crypto platforms. They are NOT like the 'Big Tech" platforms. For example, Google forces YouTube watchers to avoid ads using its paid 'premium' platform. Facebook is censoring users under the guise of "protecting their community," and Twitter has a locked-down verified accounts system. People have grown tired of being fed controlled information and are exploring viable alternatives that provide control over their data. A blog by Rapid Innovation said that: "We're seeing more and more people waking up to the dangers of centralized social media platforms. It's not only privacy concerns but also how their moderation practices are in no way transparent and their tendency to silence people with a differing opinion... so.. Welcome to the world of crypto social media platforms." Active companies with recent developments in the industry include: Hello Pal International Inc. (otcqb:HLLPF) /zigman2/quotes/206713317/delayed CA:HP 0.00% , Canaan Inc. /zigman2/quotes/215105791/composite CAN +2.58% , Bit Digital, Inc. /zigman2/quotes/203221927/composite BTBT +4.52% , Coinbase Global Inc. /zigman2/quotes/225893452/composite COIN +5.34% , Riot Blockchain, Inc. /zigman2/quotes/209538617/composite RIOT +5.32% .

Rapid Innovation added: "Blockchain is one of the most trending and revolutionary technologies of our time. Each passing year, it seems that we are discovering some new use cases for blockchain technology. From the finance sector to the music and media industry to the food industry - blockchain technology applications seem limitless... blockchain has revolutionized social media and review the top nine crypto social media platforms (in no particular order). The attention economy has become a big business. Every day, people spend hours trying to get their content seen, heard, and read. However, on traditional social media platforms, the content you create today could be censored tomorrow. That video that took you a few weeks to create and edit can be taken down in a blink of an eye, even if you haven't violated the terms of service. There is no guarantee of your privacy. For instance, Facebook has many settings which allow them to monitor you. They can sell your information to 3rd parties and even advertisers in some cases."

Hello Pal International Inc. /zigman2/quotes/206713317/delayed CA:HP 0.00% (otcqb:HLLPF) BREAKING NEWS: Hello Pal Announces Soft-Launch of New Video Chat App – Company Enters North American Market for 1-on-1 Video Chatting – Hello Pal International Inc., a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce the soft-launch of DoggeChat, a 1-on-1 video chatting app.

The DoggeChat app represents the first of two 1-on-1 video chatting apps announced earlier by the Company (see Company's announcement on April 21, 2022). The app is aimed at the English-speaking market (especially North America), and allows users to match themselves with other individual users from across the globe to engage in 1-on-1 video calls. Calls are made for free under restricted circumstances, beyond which the call initiator pays for calls on a per-minute basis, and the call receiver receives a proportion of that payment. Users may also become monthly subscribers to experience VIP privileges.

The invite-only soft launch will focus on ensuring that unforeseen issues are given the opportunity to be resolved prior to the full launch. The demographic for the soft launch has been curated from a pool of English-speaking users of varying geographies, allowing simultaneous testing of both the platform's engineering, and user experience design across the various English-speaking markets.

"The launch of DoggeChat is exciting for us as it marks our entry into the 1-on-1 video chatting space, as well as gives us a good opportunity to enter the North American market," said KL Wong, Founder and Chairman of the Company. "Both these aspects complement our current livestreaming operations very well, and helps expand our international social platform further."

The full launch of DoggeChat is expected to occur in the following weeks, with the launch of its cryptocurrency-based sister app, DogeChat, to follow shortly thereafter. CONTINUED...Read this entire press release and more news for Hello Pal at: https://www.financialnewsmedia.com/news-hp

Other industry developments from around the markets include:

Canaan Inc. /zigman2/quotes/215105791/composite CAN +2.58% , a leading high-performance computing solutions provider, recently announced its unaudited financial results for the three months and twelve months ended December 31, 2021.

Fourth Quarter 2021 Operating and Financial Highlights: Total computing power sold was 7.7 million Thash/s, compared to 0.2 million Thash/s in the same period of 2020, and up 15.5% from 6.7 million Thash/s in the third quarter of 2021, setting a new record. The robust year-over-year and sequential increases were mainly driven by the solid market demand and the responsive delivery of Bitcoin mining machines.

As of December 31, 2021, the Company had cash and cash equivalents of RMB2,684.3 million (US$421.2 million), up 586.0% compared to RMB391.3 million as of December 31, 2020, primarily due to a larger number of down payments received by the Company as a result of the larger volume of sales orders of Bitcoin mining machines and healthy profits from operations.

Bit Digital, Inc. /zigman2/quotes/203221927/composite BTBT +4.52% , a bitcoin mining company headquartered in New York, recently announced a revised agreement with hosting partner Compute North LLC (“Compute North”). The revised agreement replaces and extends the term of a previous agreement for an additional 5 years and provides for approximately 6.5 MW of hosting capacity for 2,000 miners. The previously hosted equipment will be upgraded to new Bitmain Antminer S19j Pro miners.

Compute North’s facilities in Nebraska and Texas currently provide approximately 20 MW to power our miners. Our overall expected hosting capacity with Compute North is approximately 48 MW.

According to an article published on YahooFINANCE, Cryptocurrency trading platform Coinbase Global Inc. /zigman2/quotes/225893452/composite COIN +5.34% continues to have a “bull thesis” even amid a crypto market sell-off, according to Owen Lau, Oppenheimer executive director and senior analyst.

“The bull thesis is the long-term crypto adoption,” Lau said on Yahoo Finance Live this week (video above). “[That’s] number one thing the market has not given Coinbase credit, it’s on the crypto adoption longer term.”

According to FactSet, stocks of crypto-focused companies are 60% off their highs so far this year, as Coinbase is down 40% year to date.

Riot Blockchain, Inc. /zigman2/quotes/209538617/composite RIOT +5.32% , an industry leader in Bitcoin ("BTC") mining and hosting, recently announced production and operations update for March 2022, status of miner shipments and deployment, and updates on the 400 megawatt ("MW") infrastructure expansion at the Company's Whinstone US, Inc., ("Whinstone") facility in Rockdale, Texas (the "Whinstone Facility").

"I am proud of the Riot team for producing a record amount of Bitcoin during the month of March," said Jason Les, CEO of Riot. "These results demonstrate the advantages of employing a vertically integrated strategy, which provide the Company with more control over miner deployment and the ability to implement engineering solutions in real-time, leading to improved operational and financial efficiencies."

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty nine hundred dollars for coverage of news issued by Hello Pal International Inc. by a non-affiliated third party.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE Financialnewsmedia.com

The post Social Crypto is On The Rise as Decentralized Platforms Offer Free Speech, Privacy & Transparency appeared first on Financial News Media .

COMTEX_406260242/2608/2022-04-26T08:30:57

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/zigman2/quotes/206713317/delayed
CA : Canadian Securities Exchange
$ 0.11
0.00 0.00%
Volume: 12,660
Aug. 8, 2022 3:53p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.33 million
Rev. per Employee
N/A
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US : U.S.: Nasdaq
$ 3.98
+0.10 +2.58%
Volume: 1.86M
Aug. 8, 2022 4:00p
P/E Ratio
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N/A
Market Cap
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Rev. per Employee
$2.68M
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/zigman2/quotes/203221927/composite
US : U.S.: Nasdaq
$ 1.62
+0.07 +4.52%
Volume: 2.86M
Aug. 8, 2022 4:00p
P/E Ratio
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Dividend Yield
N/A
Market Cap
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/zigman2/quotes/225893452/composite
US : U.S.: Nasdaq
$ 98.02
+4.97 +5.34%
Volume: 18.88M
Aug. 8, 2022 4:00p
P/E Ratio
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Dividend Yield
N/A
Market Cap
$20.66 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/209538617/composite
US : U.S.: Nasdaq
$ 8.71
+0.44 +5.32%
Volume: 16.46M
Aug. 8, 2022 4:00p
P/E Ratio
44.71
Dividend Yield
N/A
Market Cap
$1.12 billion
Rev. per Employee
$805,472
loading...
/zigman2/quotes/206713317/delayed
CA : Canadian Securities Exchange
$ 0.11
0.00 0.00%
Volume: 12,660
Aug. 8, 2022 3:53p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.33 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/215105791/composite
US : U.S.: Nasdaq
$ 3.98
+0.10 +2.58%
Volume: 1.86M
Aug. 8, 2022 4:00p
P/E Ratio
1.90
Dividend Yield
N/A
Market Cap
$652.79 million
Rev. per Employee
$2.68M
loading...
/zigman2/quotes/203221927/composite
US : U.S.: Nasdaq
$ 1.62
+0.07 +4.52%
Volume: 2.86M
Aug. 8, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$127.76 million
Rev. per Employee
$5.06M
loading...
/zigman2/quotes/225893452/composite
US : U.S.: Nasdaq
$ 98.02
+4.97 +5.34%
Volume: 18.88M
Aug. 8, 2022 4:00p
P/E Ratio
8.61
Dividend Yield
N/A
Market Cap
$20.66 billion
Rev. per Employee
$1.93M
loading...
/zigman2/quotes/209538617/composite
US : U.S.: Nasdaq
$ 8.71
+0.44 +5.32%
Volume: 16.46M
Aug. 8, 2022 4:00p
P/E Ratio
44.71
Dividend Yield
N/A
Market Cap
$1.12 billion
Rev. per Employee
$805,472
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