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Reddit Founder’s TikTok Rescue Plan With Blockchain

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  • Reddit’s Ohanian ‘s on-chain TikTok bid! Users own data, creators own audience, and blockchain integration.
  • Reddit’s blockchain dilemma: Public company status hinders on-chain vision, unlike TikTok.
  • Reddit’s crypto holdings: Bitcoin and Ethereum for financial management, no other digital assets.

Alexis Ohanian, co-founder of Reddit, announced that he plans to acquire TikTok’s US operations, aiming to bring the platform’s operations “on-chain.” Ohanian envisions a TikTok where users own their data and creators control their audience, principles he believes are essential for the future of digital communities.

Ohanian emphasized that “Frequency” will materialize these principles, fostering transparency and accountability. He promises a “GREATER” TikTok, built for the people, by the people. This move aligns Ohanian’s career-long commitment to betting on the future, starting with Reddit and continuing with his venture capital firm, Seven Seven Six.

Reddit
Reddit Founder's TikTok Rescue Plan With Blockchain 2

Exciting news for the digital world… I’m officially now one of the people trying to buy TikTok US — and bring it on-chain. TikTok has been a game-changer for creators, and it’s future should be built by them

Ohanian believes in empowering creators and users, a stark contrast to the current centralized model. He believes TikTok has been a “game-changer” for creators, but its future should be built by them. By integrating blockchain technology, Ohanian aims to shift ownership and control back to the users.

Reddit’s Blockchain Betrayal? Why Ohanian’s Turning to TikTok

This announcement has sparked debate, particularly given Reddit’s own complex relationship with blockchain. While the social media firm has a digital assets team and previously rolled out digital collectible avatars, there are indications that the platform might be sunsetting these initiatives. This raises the question of why Ohanian isn’t focusing on bringing blockchain to Reddit instead.

However, as Twitter user @0xDith pointed out, its status as a publicly traded company likely brings significant regulatory hurdles for blockchain integration. In contrast, acquiring TikTok would offer a cleaner slate for Ohanian to implement his on-chain vision.

As for cryptocurrencies,  the social media giant earlier disclosed the allocation of allocating a portion of its surplus cash reserves to Bitcoin and Ethereum and used ETH and MATIC as payments for sales of certain virtual goods, according to the S-1 filing. But as of 2025, it holds no other digital assets other than Bitcoin and Ethereum for financial management purposes.

Crypto Usage Soars: 19% of U.S. Voters Engage with Digital Currency

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  • 19% of U.S. voters have engaged with cryptocurrency, with younger and minority groups showing higher adoption.
  • Voter sentiment on tariffs and economic policies reveals sharp divides along party lines and age demographics.
  • Support for key political figures and policies reflects polarization in the upcoming election landscape.

According to a new Emerson College poll, 19% of U.S. voters reported having invested in, traded, or used cryptocurrency. Of those users, the overwhelming 39% had used crypto to make a purchase. This is also driven by voters under age 40. Almost one-third of under 40 has tried crypto, compared to 4% over 70 years old.

Meanwhile, the findings included a demographic difference: males are twice as likely as females to use crypto, 26% compared to 13%, and the minority populations of Asian, Hispanic, and Black voters are participating in this area more than white voters do, 33% to 14%.

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Political implications are emerging, as 57% of crypto users view Donald Trump favorably, suggesting a potential constituency for targeted political campaigns. Spencer Kimball, executive director of Emerson College Polling, emphasized this group’s diverse and growing nature, noting its relevance to political strategists.

Crypto and Policy Opinions Shape Voter Sentiment

The poll also probes several broader voter attitudes on seminal issues. Most believe tariffs on Canada, Mexico and China hurt the US economy although, as might be expected views break sharply along party lines. For example, 69 % of Trump supporters believe China tariffs helpful while 79% of Harris supporters believe they’re harmful.

Approval of President Joe Biden is still even lower, at 36%, while disapproval is higher, at 54%. The steadier ratings among partisan favorites show that Donald Trump maintains a steady 51% favorable rating, while Vice-President elect JD Vance divides perception with 41% favorable/unfavorable splits.

As regards controversies-such as whether or not to pardon Hunter Biden or issues regarding January 6 for President Trump-elect, the electorate is no less divided and polarized.

Support for banning TikTok reflects the generational divides, with younger voters most opposed and older demographics showing increasing support. This age-based divide cuts across attitudes toward societal events, such as the assassination of United Healthcare CEO Brian Thompson, which younger voters are more likely to find acceptable compared to their older counterparts.

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In other words, the crypto and policy opinions exhibited throughout could also show a changing political-cultural landscape with new emerging divides to sculpt the 2024 election cycles in Emerson College’s poll.

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Telegram Sets Up Kazakhstan Office to Combat Illegal Content

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  • Telegram to open an office in Kazakhstan for improved compliance and content control.
  • Kazakhstan collaborates with Telegram to block illegal content and ensure user safety.
  • Founder Pavel Durov’s recent arrest raises global concerns over Telegram’s future.

Telegram, the popular messaging platform, is set to open an office in Kazakhstan in a big push for better regulatory compliance and better control of content. More than 12.5 million monthly users, over half of the nation’s population, are on the service, and this move simply aligns with the local drive to enrich the governance of digital platforms.

Zhaslan Madiyev, Kazakhstan’s Minister of Digital Development, Innovations, and Aerospace Industry, stated that the new office will promptly remove illegal content and block destructive channels.

Madiev said:

According to our legislation, now Internet platforms such as Telegram, WhatsApp and TikTok are obliged to appoint their representative in Kazakhstan. An agreement was reached with Telegram on the appointment of their representative and the opening of an office — this is an important step towards increasing content control.

This also demonstrates a broader initiative by the government of Kazakhstan to ensure digital security through agreements with major technology companies. Shared concerns on data security and user safety had been discussed in meetings between Madiyev, the U.S. Chamber of Commerce, Meta, and Apple.

Fighting Fraud with Global Tech Giants

In addition to the work with Telegram, Kazakhstan and Meta also cooperate in combating one of the most urgent problems common to all countries: online fraud. Meta blocked 1.2 billion fake accounts, using AI, in the last quarter alone.

The biggest contribution of the Ministry of Digital Development to international cooperation is building a safer digital environment for Kazakhstan citizens. It is committed to expanding the partnerships with a view to improving online safety against ever-evolving cyber threats.

Telegram Founder Durov’s Arrest Sparks Controversy

Pavel Durov, the founder of Telegram, was arrested in France on August 24, accused of facilitating illegal activities like drug trafficking and crimes pertaining to minors through his social network. His arrest echoed around the world and raised questions about the future of Telegram in countries where the site is used to disseminate uncensored information, such as Kazakhstan.

Despite these accusations, the Kazakhstani government expressed support for Durov on the grounds of the latter’s previous cooperation with the authorities in combating illegal content and keeping user data safe. The Union of Journalists of Kazakhstan called for a fair investigation, warning that his detention may affect the prospects for freedom of speech in young democracies.

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Crypto TikTok Mania: Top 10 Countries Take the Plunge!

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TikTok, the popular short-form video platform, has emerged as an unexpected hotspot for crypto enthusiasts worldwide. A recent study examining the intersection of digital assets and TikTok sheds light on the countries showing the most fervent interest in this digital phenomenon.

Leading the charge is Estonia, followed closely by Latvia and Norway. This trio of nations has embraced the #crypto hashtag, which has become a cultural focal point for the platform’s users. Surprisingly, these countries have surpassed traditionally finance-driven nations in terms of engagement. The ubiquitous #crypto hashtag boasts a staggering 4 million posts and a cumulative 30 billion views, dwarfing tags like #finance, #investing, and #forex.

Interestingly, the study reveals that niche digital asset-related hashtags have also made a significant impact. #metaverse and #defi, terms denoting cutting-edge virtual asset concepts, have garnered immense attention with a remarkably high ratio of views to posts. This phenomenon underscores the potential for marketers to tap into the burgeoning interest in these domains.

Unsurprisingly, the most prominent crypto assets have also carved out their space on TikTok. Bitcoin, the kingpin of digital assets, reigns supreme with a staggering 28 billion views across 5 million posts. Ethereum, its closest competitor, trails behind despite its own substantial presence. Notably, Dogecoin and Ripple’s XRP have also secured spots among the top digital asset hashtags, reflecting their continued relevance and influence.

Crypto Continent Dominance: Europe’s Fervor Takes Center Stage

The geographical distribution of interest in TikTok crypto content is a striking revelation. European nations dominate the top 15 countries engaged in digital asset-related content, with a notable concentration of European Union (EU) member states. This trend not only underscores the EU’s progressive stance on virtual currencies but also presents a compelling opportunity for digital currency marketers looking to tap into this captive audience.

Despite the European dominance, Morocco stands as the sole outlier in this landscape. Its inclusion among the top 15 countries interested in TikTok crypto is a testament to the global reach of this financial revolution.

It’s important to note that this study leverages TikTok’s location data, which provides a valuable index score reflecting the popularity of these trends in specific markets. As of August 17, 2023, these findings offer a snapshot of the global sentiment toward crypto and its integration into mainstream social media platforms.

In conclusion, TikTok’s role as a nexus of crypto enthusiasm is undeniable, as demonstrated by the passionate engagement from countries across the globe. As interest in virtual currencies continues to surge, understanding and harnessing the dynamics of this unconventional platform could prove pivotal for crypto marketers, shaping the industry’s future trajectory.

Meta’s P92: The Latest Decentralized Social Networking App In Development

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Meta, an American multinational technology conglomerate, is reportedly working on a new decentralized text-based app, according to a March 9th report.

It will support ActivityPub, the protocol that powers Mastodon and other decentralized social networking apps that compete with Twitter. The app, codenamed P92, is still under development, and Meta has not revealed when it plans to release it.

Meta Ventures Into Decentralization With P92

The app will allow users to log in through their Instagram credentials, according to documents seen by MoneyControl. This move has raised concerns among users who might not want to share their Instagram data with another Meta app.

The report stated that Meta’s recent actions are being interpreted as an effort to develop a Twitter alternative or a Mastodon competitor, given the increasing popularity of decentralized networks since Elon Musk’s takeover of Twitter. 

The Fediverse, which is a network of decentralized servers that supports the ActivityPub protocol, includes various platforms like Tumblr, Flipboard, and Flickr.

Meta’s new application will support ActivityPub, which will make it easier to connect with other instances, such as Mastodon, as per MoneyControl. However, decentralization is not limited to this protocol alone.

Bluesky, which is backed by Jack Dorsey, recently launched its iOS app in beta, and messaging applications like Rocket.chat have already embraced the Matrix protocol.

Blaine Cook, who is a former Twitter engineer, believes that the diversity of protocols is as significant as the diversity of applications that are built on top of them. 

He noted that interoperability between ActivityPub and Bluesky won’t be difficult and that the only thing preventing interoperability between Twitter and Facebook’s timeline has been protectionist policies by those companies.

Meta has made attempts to create new apps and experiences in the past, but not all have taken off. It has killed experiments like the anonymous teen app, tbh, Cameo-like app Super, Nextdoor clone Neighborhoods, couples app Tuned, and TikTok clone Lasso, just to name a few, according to the report.

Therefore, it won’t be surprising if the new decentralized app shuts down a few years after its launch. Meta has confirmed the development of the new app in a statement but has not revealed details about its release, per the report.

However, the company’s move to create a decentralized app is an attempt to provide users with an alternative to Twitter and Mastodon and to create a separate space where creators and public figures can share timely updates about their interests.

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