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

September 30, 2024 Coin Telegraph

Brazil

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

September 27, 2024 Coin Telegraph

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

September 20, 2024 Coin Telegraph

Alexandre de Moraes

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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Crypto scammers orchestrate massive hack on X but barely made $8K

September 19, 2024 Coin Telegraph

Crypto scammers orchestrate massive hack on X but barely made K

Coin Telegraph

The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.

An unknown group of crypto scammers has seemingly missed their payday after hacking their way into several high-profile social media accounts on Sept. 18 — only to end up with a few thousand bucks.

On Sept. 18, blockchain sleuth “ZachXBT” alerted the crypto community that several “large accounts on X” were compromised, all posting a Solana memecoin called HACKED.

Some of the infiltrated accounts included Lenovo India, Yahoo News UK, MoneyControl, Oliver Stone, People, and Krystal DeFi.

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

September 18, 2024 Coin Telegraph

Bots

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

September 6, 2024 Coin Telegraph

Alexandre de Moraes

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?

September 4, 2024 Coin Telegraph

Brazilians

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 Dorsey — promoted 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

September 3, 2024 Coin Telegraph

BlueSky

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 platform — reported 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

September 1, 2024 Bitcoin.com

Alexandre de Moraes

The 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 […]

Crypto Comeback: VC Investments Soar 46% in Q4 2024

Tanzania Reportedly Blocks X Amid Opposition Crackdown

August 31, 2024 Bitcoin.com

bitcoin.com

The 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 […]

X

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