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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 […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

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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Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

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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Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

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 […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Binance Goes Live in India: Full Access for Indian Users

Binance Goes Live in India: Full Access for Indian UsersBinance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Musk claims X hit by ‘massive DDoS attack’ delaying Trump interview

Many X users have complained they have been unable to join the livestream of Elon Musk’s scheduled interview with Donald Trump on the platform.

X owner Elon Musk claims the social media platform “appears to” have been hit with a Distributed Denial-of-Service (DDoS) attack as his slated interview with presidential hopeful Donald Trump was set to kick off. 

“There appears to be a massive DDoS attack on X. Working on shutting it down," Musk posted to X on Aug. 12.

It comes as technical issues plagued the X Space Musk and Trump were scheduled to hold at 8:00 PM Eastern US time as multiple X users complained they were unable to join. Those who have joined have only heard waiting music — neither Musk nor Trump have spoken. 

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Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Venezuela blocks Binance, X amid presidential election dispute

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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Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands

Venezuelan Government Blocks Binance, Cutting P2P Market Access for ThousandsCANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Venezuelan President Nicolas Maduro Announces 10-Day Block of X; Signal Also Affected

Venezuelan President Nicolas Maduro Announces 10-Day Block of X; Signal Also AffectedVenezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country. Paradoxically, using X, Maduro called for an end to “plans […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations

Justin Sun Calls for Restoration of Bitcoin Emoji on X

Justin Sun Calls for Restoration of Bitcoin Emoji on XJustin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this tradition and are willing to accommodate any requirements,” […]

Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations