Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class-action lawsuit against the lending platform and its chief executive. Armstrong made legal threats via Twitter on Wednesday and has since provided more detail in multiple threads. His issue is centered on being unable to pay down loans with existing funds on the platform, and instead, having to deposit new funds to pay the loans off: “[Our account rep] told us we had enough money in our account to pay off a loan. …

Youtuber NasDaily endured a Bitcoin (BTC) baptism by fire. The entrepreneur and influencer with over 50 million followers invested $500,000 in Bitcoin —right before the bear market kicked in. Cointelegraph spoke to NasDaily (whose real name is Nuseir Yassin) during the World Economic Forum (WEF) in Davos, Switzerland. Yassin told Cointelegraph that the half a million dollars he saved in Bitcoin is now worth $300,000, adding with a smile that “it’s a great test of conviction.” Despite the paper loss, he’s more convinced than ever that crypto is the future: “Even if it goes down to zero, I think I …

Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD (UST) and why it was unable to maintain its dollar peg. DuMont defined stablecoins as “a crypto whose value is tied to an outside asset such as the United States Dollar (USD).” According to DuMont, stablecoins are very vital to the crypto industry as they provide users with the ability to store their assets without worrying about the depreciation of the assets’ value. This function is useful in bear markets where …

CryptoWendyO heard about Bitcoin (BTC) on the radio and decided to take a risk. Little did she know, the risk she would take would change her life in ways she never thought possible. The influencer shared her Bitcoin journey in this episode of Crypto Stories. In her younger days, life wasn’t too kind to Wendy. According to the crypto influencer, she survived many challenges, including mental health issues, the death of her father when she was 11 years old, and growing up in poverty. For a long while, she thought that she would never be able to change her life. …

When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country’s crypto scene looked like. He encountered many surprises, including being introduced as a presenter to a North Korean audience. According to Lou, he went there with eight other unsuspecting participants who simply wanted to attend the crypto conference. However, when the plane landed and the conference started, they realized that they were being announced to the audience as foreign experts who flew all the way to North Korea to teach them about crypto. While Lou did not …

Nicholas Merten, also known as DataDash, found Bitcoin (BTC) when it was $3. But, like many people at the time, Merten was very skeptical about crypto and found it crazy for people to be buying what he thought was “fake internet money.” Merten's story started with a hint of inspiration from a conversation with his teacher back in 2011. At the time, he believed that he had no passion. But one day, a spark lit up through his social studies class when the teacher encouraged him to watch presidential debates. As he watched, he saw politician Ron Paul share different …

One of the most significant issues content creators and artists face today is a lack of control regarding their overall content. Platforms like YouTube and Twitch constantly alter the rules when it comes to content uploads, forcing users to cater to these new algorithms if they wish to succeed. Instead of media conglomerates owning and controlling content, creators posit a different idea — that media organizations should be owned by creators and consumers rather than third-party intermediaries. Such a view is standard in the Web3 space, and fortunately, decentralized technology such as blockchain and cryptocurrencies enable this future. And one …

In the newest episode of Cryptopedia, Cointelegraph's Jackson DuMont dissects Web3 and gives an insightful overview of how the next generation of the internet works. DuMont discusses the basics of Web3 and how it’s different from its predecessors Web1 and Web2. Web1 was the first version of the internet that occurred from 1991 to 2003. It involved static and read-only HTML web pages with simple design, and DuMont described Web1 users as only "consumers of content." On the other hand, Web2 brought innovations like images, videos, applications, games and ads. The second iteration of the internet relied on the exchange …

When YouTube was banned in Pakistan, Reality TV-star Waqar Zaka "had no other option" than to turn to Bitlanders — an AI educational social platform, to monetize his content in Bitcoin (BTC). Cointelegraph interviewed Zaka for the latest episode of Crypto Stories to find out how this celebrity came up against the Pakistani government. Zaka claimed that the capital gains he was earning in Bitcoin were "nothing" in comparison to his YouTube earnings, but that no one believed in the origins of his newfound financial freedom. With goals of making his home country of Pakistan crypto rich, he decided to …

Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. Telecommunication providers and payment giants like American Express have also been listed as some of the biggest advertisers in the United States. These companies typically spend billions of dollars per year on marketing messages aimed to inform, persuade and remind consumers about their products and services. …

In the latest Cryptopedia episode, viewers can get a succinct and informative overview of decentralized autonomous organizations, or DAOs. Cointelegraph's Jackson DuMont believes DAOs have the power to "completely transform how work and social collaboration are organized." What makes this type of organization both decentralized and autonomous? The answer is smart contracts on the blockchain. Fundamentally, a DAO runs on the lines of computer code written on smart contracts that anyone can interacted with in the same way. DuMont described the three major steps necessary to launch a DAO. The first step is creating that smart contract. The second step …

Cointelegraph interviewed Shaban Shaame, CEO of EverdreamSoft, whose company produced what is considered to be the first blockchain-based mobile game called Spells of Genesis, or SoG, in 2015. This trading card game launched at a time when few investors and gamers saw the value in blockchain gaming or even Bitcoin, and it faced heavy competition from AAA game producers who shifted to a free-to-play model. Originally, players who reached a certain level could mint in-game cards as tokenized digital assets on the Bitcoin blockchain using the Counterparty protocol. After years of stagnating sales, however, SoG became compatible with the Ethereum …