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Blockchain and Its Role in Decentralizing Social Media! The current social media landscape is dominated by centralized platforms such as Facebook, Twitter, and Instagram. These platforms control vast amounts of data and have full authority over content moderation, user engagement, and even monetization. However, the rise of blockchain technology is creating a shift in how we think about social media—ushering in the potential for decentralized alternatives. Centralization Issues in Social Media Centralized social media platforms operate under corporate control, meaning they decide who can access the platform, what content is allowed, and how user data is stored and managed. These platforms often come under scrutiny for issues such as: Censorship and Content Moderation  Centralized entities have the power to censor or suppress specific content, often for political, economic, or social reasons. Monopolization of User Data These companies profit from user-generated data by selling it to ...

Binance says it “clearly needs a new intern ” who “understands global cultural taboos” after it came under fire for posting a racially-themed meme of Family Guy’s Peter Griffin on Saturday. The Binance account shared the meme in which the character Peter Griffin is stopped while driving into the US by a toll booth attendant who decides if he can enter based on the whiteness of his skin.  Binance edited the meme to show Binance users in the ‘light-skinned’ category and users with 2-factor authentication in the ‘dark-skinned’ category. “You’re safeguarded; please proceed,” the caption read.  One user’s screenshot of the original post. Read more: Big Brother surveillance dystopia is now reality at Binance However, the post was deleted shortly after it was posted. One user described it as the “ 9/11 of Binance ,” while others were confused by the messaging, with one user saying “I have no idea what their intention was.” Hours lat...