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Hybrid L2 BOB Leverages Babylon for Bitcoin Finality

Hybrid L2 BOB Leverages Babylon for Bitcoin FinalityBuild on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum’s features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB’s Bitcoin Defi Ecosystem According to BOB’s announcement shared with Bitcoin.com News, the partnership marks a significant development in BOB’s roadmap, enhancing […]

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

BOB Announces Integration of One-Click Bitcoin Staking on Everstake Platform

BOB Announces Integration of One-Click Bitcoin Staking on Everstake PlatformBOB, also known as “Build on Bitcoin,” has partnered with blockchain service provider Everstake to introduce a one-click bitcoin staking solution. The integration offers access to staking, aiming to appeal to both retail and institutional investors. Everstake to Gradually Roll out BOB’s One-Click Bitcoin Staking According to the announcement, the integration of BOB Stake into […]

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 Solutions

RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 SolutionsHamilton has announced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, stating that it marks a significant advancement in bridging traditional finance with Bitcoin’s decentralized finance (defi) sector. The move aims to enhance financial accessibility and liquidity within the Bitcoin ecosystem. U.S. Treasury Bills Tokenized on Bitcoin’s L2s Hamilton, a startup […]

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking

Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-BlockingThe layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, […]

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2

‘Build on Bitcoin’ Startup Secures M in Seed Funding to Advance Hybrid L2The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […]

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

Twitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claim

"Explain This Bob," the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk alleged it was a "scam."

Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.”

Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after.

The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu Biswal from India and used OpenAI’s GPT-4 model to comprehend and provide responses to tweets by those who tagged the account.

The project was also linked to the ERC-20 memecoin Bob Token (BOB) that was launched in April 2023. The suspension sent the price of BOB down over 30% according to CoinGecko.

The suspension is a U-turn on Musk’s earlier impression of the bot, who tweeted “I love Bob” in response to one of its tweets on April 20, a tweet which also prominently features on the project’s website.

Twitter has not taken action against the account for Bob Token, however. The project’s team humorously responded to the news of the suspension, sharing a meme of Musk monitoring a distraught “Bob” in a prison.

Observers believe Musk is of the view that Explain This Bob is being used as a marketing tactic to prop up BOB’s price.

Related: A PR expert’s tips for memecoin projects

Since the suspension, the hashtag “FREEBOB” has circulated on Crypto Twitter. Most observers take the view that BOB isn’t a scam coin and the suspension is unwarranted as the launch of the token was “fair” in addition to BOB being “fully decentralized” with a 0% tax mechanism.

Another claimed the team didn’t provide themselves with any tokens or airdrops prior to the Bob Token launch in April.

Cointelegraph contacted Biswal and Twitter for comment but did not receive an immediate response.

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Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook