Venezuela blocks Binance, X amid presidential election dispute

August 12, 2024 Coin Telegraph

Ban

Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X.

Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.

On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website and mobile application.”

“Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,” the exchange’s Latin American-focused X account posted on Aug. 10.

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Messari CEO Ryan Selkis resigns after political, discriminatory posts

July 19, 2024 Coin Telegraph

Coin Telegraph

Selkis stepped down as CEO of Messari following statements on social media platform X. Eric Turner will head the company.

Ryan Selkis has resigned as CEO of the data aggregator platform Messari following public controversy over calls for civil war and political remarks on immigrants in the United States as election season heats up.

According to an announcement, Eric Turner, chief revenue officer of Messari, will head the company. Turner joined Messari in 2018.

“I’ve decided to step aside from my operating CEO role at Messari and transition to the role of Senior Advisor. This was a decision I did not take lightly and one I was very close to making last month, as I considered the problems I was most passionate about tackling in society at large,” reads Selkis’ statement.

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Elon Musk says X and SpaceX headquarters will move to Texas

July 16, 2024 Coin Telegraph

Coin Telegraph

The billionaire industrialist has an estimated net worth of $221 billion and owns Tesla, SpaceX, xAI, and the X social media platform.

On July 16, Elon Musk announced that he would be moving the headquarters of X and SpaceX from California to Texas in response to Governor Gavin Newsom’s passage of Bill AB1955, which he criticized as anti-family. Musk also cited California’s hostile regulatory climate as a reason for the relocation.

According to the billionaire, the X headquarters will move to Austin, Texas, and the SpaceX headquarters will move to Starbase, Texas.

Following his announcement, Musk remarked that he “Had enough of dodging gangs of violent drug addicts just to get in and out of the building” before commenting on the bill, which he says would prevent schools from notifying parents if their child identified as transgender.

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Elon Musk’s X could face $200M EU fines over alleged DSA violations

July 12, 2024 Coin Telegraph

Elon Musk’s X could face 0M EU fines over alleged DSA violations

Coin Telegraph

At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.

The European Union released documents on July 12 indicating that Elon Musk’s X.com has been preliminarily found to be in breach of the Digital Services Act (DSA).

According to the EU’s preliminary findings, X violated the DSA on three separate counts and faces fines of “up to 6% of the total worldwide annual turnover of the provider.”

Per documents published by the European Commission:

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Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million

July 7, 2024 Bitcoin.com

Bitcoin

Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack Dorsey Anticipates […]

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Bitcoin Proponent Bruce Fenton Calls Out Jack Dorsey Over Censorship Allegations During Twitter Tenure

July 6, 2024 Bitcoin.com

Bitcoin

Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations of orchestrating one of the most significant acts of censorship in […]

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As Meta’s Threads celebrates first anniversary, will it now become a challenger to X?

July 5, 2024 Coin Telegraph

Coin Telegraph

Despite Threads hitting 175 million monthly active users, it’s still too early to say whether it could become another X one day.

Meta’s Threads, a social media platform built to capitalize on Elon Musk’s Twitter takeover in 2023, is celebrating its first anniversary with high ambitions to overtake X, as Twitter is now known.

Meta CEO Mark Zuckerberg took to Threads on July 4 to announce that the app has more than 175 million monthly active users. The new milestone comes a few months after Threads reached 150 million active users in April, marking stable growth in 2024.

Despite Threads adding a significant amount of new users over the past three months, it’s still too early to say whether the app could one day become another X, which has proved to reign supreme in the cryptocurrency community.

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Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X

June 15, 2024 Coin Telegraph

Binance

According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.

Elon Musk’s X.com isn’t doing enough to prevent the proliferation of cryptocurrency scams on the social media platform. That’s the apparent sentiment from Binance co-founder Yi He, who took to the app recently to question whether its billionaire owner would address the problem.

Yi He’s concern was brought up in reference to a purported impersonation scam running on the X platform. She posted images showing accounts which were blatant imitations of both her X handle (@heyibinance) and her proper name.

According to the Binance executive, one specific impersonation scam directed users to click on a link purported to give access to Binance-backed memecoins. Yi He was quick to point out that no such coins have been issued and that clicking the link could result in loss of funds:

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Tesla investors sue Elon Musk for diverting resources, talent to xAI

June 14, 2024 Coin Telegraph

Coin Telegraph

Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.

It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.

Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.

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Elon Musk sets record straight on Nvidia AI chip shipments

June 5, 2024 Coin Telegraph

Coin Telegraph

The billionaire industrialist clarified that the south extension of Tesla's Giga Factory in Texas would soon be complete, allowing for more AI infrastructure.

Billionaire industrialist Elon Musk issued a response to a CNBC article, dated June 4, alleging that the Tesla CEO told Nvidia to prioritize artificial intelligence chips originally meant for Tesla to his privately owned X social media company.

In the article, CNBC claimed that emails provided to them from Nvidia indicate that Musk told the graphics processing and AI chip manufacturer to divert 12,000 Nvidia H100 chips from Tesla to X.

However, Musk has since responded to the article in several social media posts denying the claims and clarifying that Tesla had no need for the chips at this time—claiming that they would have sat idle in a warehouse collecting dust.

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