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X to be restored in Brazil in 24 hours, rules Justice Alexandre de Moraes

The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country.

Social media platform X will return to operation in Brazil within 24 hours, according to an Oct. 8 ruling by Justice Alexandre de Moraes.

The platform was blocked on Aug. 30 for failing to comply with Brazilian court orders related to an investigation into the spread of misinformation in the country.

“I hereby order the end of the suspension and authorize the immediate resumption of activities by X Brasil Internet Ltda. within the national territory. I also instruct Anatel (National Telecommunications Agency) to take the necessary steps to implement this measure, with a report to this Supreme Court within 24 (twenty-four) hours,” the Justice wrote in his translated ruling.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Brazil to review Elon Musk’s X ban after $5M fine payment

Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request.

Brazilian authorities could soon lift the ban on Elon Musk’s social media platform X after the company paid 28.6 million Brazilian reais (approximately $5.5 million) in fines.

According to local media reports, on Oct. 7 X cleared the latest requirement on its path to returning online. In late August, Brazil’s Supreme Federal Court suspended X for failing to comply with orders related to an investigation into the spread of misinformation in the country.

The final payment was confirmed after a series of unusual events. On Oct. 4, the funds related to the penalties imposed by Justice Alexandre de Moraes for irregularities on the social network were mistakenly deposited into the wrong bank account. Last Monday, the proceeds paid by Musk’s satellite company, Starlink, were transferred to the correct account.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Musk: Polymarket ‘more accurate than polls, as actual money is on the line’

The billionaire mogul’s opinion comes as he ramps up his support for Republican candidate and former US president Donald Trump.

Technology luminary Elon Musk recently sparked a wave of interest in the decentralized predictions market Polymarket after the billionaire said the site could more accurately predict the results of the 2024 United States presidential election than traditional polling.

Musk’s comments came on the X social media platform, which he currently owns. Over the past few months, the billionaire has increasingly thrown his support behind US presidential candidate and former president Donald Trump.

Recently, in a speech given during a campaign event in Butler, Pennsylvania, Musk gave a speech supporting Trump.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Elon Musk: America Is Headed for Bankruptcy

Elon Musk: America Is Headed for BankruptcyTesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk stressed that interest payments on federal debt now surpass the defense budget, adding urgency to his […]

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Elon Musk’s X ban dispute with Brazil takes toll on local crypto community

Brazil’s ban on X sparks a battle over free speech between Elon Musk and the legal authorities, leaving Brazilians and the local crypto community caught in the crossfire.

Brazil’s ban on social media site X has hit the Brazilian crypto community hard, as many in the blockchain industry — from researchers to influencers, fundraisers, conference organizers and accelerators — use the site as a critical means of communication and promotion.

On Aug. 30, almost 22 million users were cut off from X in Brazil, when Brazilian Supreme Court Justice Alexandre de Moraes found X to be allowing and promoting misinformation related to former Brazilian President Jair Bolsonaro.

The ban has caused Elon Musk’s social media company to lose one of its biggest markets.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

OpenAI’s move to for-profit: Is it indeed ‘illegal’?

OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

On Sept. 25, Reuters reported that ChatGPT developer OpenAI is working on a plan to restructure its core business from no-profit to for-profit.

The move has received controversial feedback from the community, with billionaire entrepreneur Elon Musk questioning the legality of such a business transformation.

Musk took to X on Sept. 26 to argue that one “can’t just convert a nonprofit into a for-profit,” adding that such a conversion is “illegal.” However, that’s not the case, according to several sources.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Nayib Bukele and Elon Musk Discuss AI, Robotics, and Future of Humanity

Nayib Bukele and Elon Musk Discuss AI, Robotics, and Future of HumanityEl Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership. Their conversation emphasized how cutting-edge technologies could shape global progress, aligning with El Salvador’s forward-thinking stance. Bukele and Musk Discuss AI, […]

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

US Paying ,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024. The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities. Interest payments have already totaled $1.05 trillion as of August, and […]

The post US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’ appeared first on The Daily Hodl.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity

President Bukele visited Tesla to meet with Elon Musk and discuss the future of AI, Bitcoin, and El Salvador’s emerging role in tech innovation.

Salvadoran President Nayib Bukele visited Tesla headquarters to meet Elon Musk and discuss, among other topics, the role of next-generation technologies, such as artificial intelligence, in shaping humanity’s future.

On Sept. 21, Bukele posted a video on X showcasing his visit to Tesla’s gigafactory in Austin, Texas, where he met with Musk. In the brief clip, Musk welcomes the president and gives him a tour of the facility.

Source: Nayib Bukele

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Elon Musk starts to comply with Brazilian court orders, suspends accounts on X

At least 11 accounts linked to the spread of misinformation in Brazil have been banned from X over the past few days as the platform begins complying with supreme court orders.

Following almost a month of being blocked in Brazil, Elon Musk’s social media platform, X, has taken action to comply with local regulations.

According to local media reports, X started suspending accounts accused of spreading misinformation on Sept. 18, as ordered by Justice Alexandre de Moraes. In addition to suspending the accounts, lawyers for X announced that a new legal representative will be appointed in the country soon. 

According to Brazilian law, social media platforms operating in the country must have a legal representative.

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SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024