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Crypto influencer hit with bot claims after nabbing ‘best content creator’ award

Crypto influencer “Professor Crypto” deleted posts of him celebrating the award shortly after being accused of using bots to boost his following.

A crypto influencer has yet to publicly respond to accusations he used bots to manipulate his social media metrics and influence shortly after winning a “best content creator” award at a crypto event.

The investigator known as “ZachXBT” accused the influencer who goes by “Professor Crypto” on X of using “thousands of bots” to “deceive people into thinking you have an influence.”

He also implied the action could breach a United States Federal Trade Commission rule that “prohibits anyone from selling or buying fake indicators of social media influence, such as followers or views generated by a bot or hijacked account.”

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One week later: X’s future in Brazil on the line as Supreme Court reviews ban

With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns.

One week after Justice Alexandre de Moraes ordered the suspension of X in Brazil, the Supreme Federal Court will now review the decision in an upcoming plenary session. Until then, the platform’s future in the country remains uncertain, as the legal dispute centers around complex aspects of misinformation and free speech. 

However, the events of the previous days could have lasting implications for how social media platforms operate within legal frameworks beyond Brazil. 

Cointelegraph compiled key developments over the dispute and the potential impact of the Brazilian Supreme Court’s final decision as the case enters the crossroads between free speech and social media regulation.

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Brazil’s X ban: Are VPN users at risk for accessing the platform?

VPN providers agree that tracking individuals accessing X via VPNs in Brazil would be challenging but not impossible.

A Brazilian Supreme Court panel on Sept. 2 decided to uphold a ban on X, restricting Brazilians from accessing the social media platform.

Some prominent figures — including Bluesky co-founder Jack Dorseypromoted the use of virtual private networks (VPN), while others cautioned Brazilians against any type of X usage.

Cointelegraph contacted several lawyers and VPN providers to better understand the situation regarding the X ban in Brazil.

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Bluesky adds 1 million new users in 3 days amid X ban in Brazil

The decentralized microblogging platform has seen traffic and user numbers surge following the X expulsion from Brazil. 

American decentralized microblogging social platform Bluesky has seen a surge in adoption and user growth in Brazil following the country’s ban on Elon Musk’s social media platform X.

In a post on X on Sept. 1, Bluesky Social, also known as Bsky — which looks and feels very similar to Musk’s rival platformreported that it had accrued a million new users over the past three days. 

On Aug. 30, a Brazilian Supreme Court justice ordered the suspension of X in the country after Elon Musk refused to name a legal representative for the firm.

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Brazilian Supreme Court Bans X, Imposes Fines for VPN Circumvention

Brazilian Supreme Court Bans X, Imposes Fines for VPN CircumventionThe Brazilian Supreme Court ordered a nationwide ban on X after a prior order mandating the social platform to assign a local representative was ignored. Brazilians began to lose access to the site on Saturday, as the Supreme Court prohibited citizens from using virtual private network (VPN) software to circumvent the blockage, establishing fines of […]

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Tanzania Reportedly Blocks X Amid Opposition Crackdown

Tanzania Reportedly Blocks X Amid Opposition CrackdownThe East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This ongoing outage has been confirmed by Netblocks, an internet observatory organization. The incident coincides with a police alert regarding alleged plans by the opposition party to raid police stations. Prominent politician Tundu Lissu and four other […]

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Argentine President Javier Milei to Star in His Own Docuseries on X

Argentine President Javier Milei to Star in His Own Docuseries on XArgentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […]

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Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts

The “hung” loans have led to bankers calling it the worst buyout since 2008.

There have been thousands of corporate buyouts in the 14 years since the 2008 banking crisis. And, according to the banks holding the loans, none of them have been worse than Elon Musk’s takeover of Twitter. 

A report from the Wall Street Journal indicates that approximately $13 billion in loans used in the purchase of Twitter (now X) are stuck on banks’ balance sheets.

The typical practice for this type of debt financing is for banks to sell that debt to other investors. Since X is a private company, this practice allows investors who weren’t involved in the initial financing phase to become stakeholders.

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Ava Labs COO’s X account suspected as hacked after posting memecoin

The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam.

Ava Labs’ chief operating officer, Luigi D’Onorio DeMeo’s X account, is suspected of being hacked after posting about a newly launched Pokémon-themed memecoin and links to suspicious airdrops. 

Two of the posts on Aug. 19, which have now been deleted, shared the address to a Solana-based memecoin called Pika (PIKA) — styled after one of the media franchise’s central characters, Pikachu — in an apparent pump-and-dump scheme.

Many crypto users on X have posted warnings not to click or follow any links. 

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X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders

X Ceases Operations in Brazil After Refusing to Comply With Censorship OrdersX’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de Moraes, a member of the Supreme Federal Tribunal, would have this legal representative facing jail time […]

4 more virtual asset trading platforms licensed in Hong Kong