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PewDiePie forays into cryptospace by partnering with Dlive, a blockchain-based live streaming platform




Pewdiepie forays into cryptospace by partnering with Dlive, a blockchain-based live streaming platform
Source: Wikipedia

PewDiePie, arguably the most famous YouTuber on the planet, stepped into the cryptospace after he announced a partnership with “Dlive,” a blockchain-based streaming platform.

PewDiePie announced the partnership via his daily “meme review” video on 9 April, 2019, adding that he will be streaming live on Dlive soon. He stated,

“I’m partnering up with Dlive, it is a live streaming platform… Dlive’s mission is to empower creators… through their revolutionary reward system… personally, I think its really cool to have creator-based website, actually putting creators first. I’m really excited about Dlive and I’m really excited to be live streaming again.”

He also added that he will be doing his first livestream by donating to content creators who livestream on Dlive. Pewdiepie added that he will be donating, Mr. Beast-style, to creators, with donations ranging from $10,000 to $50,000.

Dlive is a blockchain-based live streaming platform that leverages the disruptive nature of blockchain technology to fairly reward content creators. Most platforms for content creators have huge fees, with some of these platforms charging up to 50% of their earnings as a fee.

YouTube is presently the world’s primary video streaming platform and is the go-to website for video sharing. In recent times, there has been pushback from audiences over YouTube’s new rules about monetization which have become a setback for creators. Hence, many platforms have recently been developed over the years, with Dlive being one of them.

Dlive plans to change the video platform scene by putting the needs of creators first and by empowering them, since it is a creator-driven platform.  The rewards are not just for creators, but also for viewers who can earn “Lino,” an ERC-20 token inherent to the blockchain.

The partnership between Pewdiepie and Dlive is a step forward towards cryptocurrency adoption since the YouTuber has 93 million followers on YT, which might translate into Dlive subscribers.

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer





Source: Unsplash

Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.

Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.

Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.

On the recent developments surrounding the case, Stephen Palley stated,

“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″

Source: Twitter

Source: Twitter

Source: Twitter
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.

The lawyer concluded by tweeting,

“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”

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