Elon Musks X ban dispute with Brazil takes toll on local crypto community
Brazils 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.
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Brazils 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.
The SpaceX subsidiary claimed the Brazil Supreme Court decision was illegal, but it would comply by suspending access to the social media platform.
Compromising social media accounts to promote cryptocurrency has a negative impact in the eyes of the public about the blockchain industry.
Crypto influencer Lady of Crypto has no intention of hodling she plans to cash out her entire crypto portfolio next year. X Hall of Flame.
Elon Musk and his various companies are currently facing regulatory scrutiny in Brazil, the European Union, and the United States.
The alternative decentralized X platform Bluesky, co-founded by Jack Dorsey, the former CEO of Twitter, has exploded in popularity in Brazil, amassing an incredible 1 million users in the span of three days. The spike follows X’s suspension in the country, which was mandated by a court. The social media
The Tesla CEO has used his platform on X to hint that Brazilian residents should defy the judges order using VPNs despite the risk of fines.
Professor Crypto allegedly removes "Best Content Creator" award posts after accusations of using fake engagement strategies.
Story Published Sept 10
Update Added Sept 16: Jump to update
In a shocking turn of events, Vitalik Buterin's official Twitter account was compromised by hackers on Saturday, September 9, 2023. The breach led to a loss of nearly $700,000 in cryptocurrencies, highlighting the vulnerabilities even high-profile figures face in the digital realm.
The Deceptive Tweet
The hackers, with just a single tweet, managed to deceive a significant number of Buterin's followers. The tweet announced a purported free NFT giveaway from Consensys, a renowned blockchain technology company.
Many followers, seeing the tweet from the official account of Ethereum's creator, were lured into a trap. The link provided in the tweet redirected users to a malicious website designed to exploit their trust.
This type of scam, known as a 'drainer' tricks users into connecting their cryptocurrency wallets to a seemingly legitimate website. Once connected, the hacker can then transfer all assets from the victim's wallet to their own.
High-Value NFTs Stolen
In addition to the stolen cryptocurrencies, the hackers made away with two high-value 'Crypto Punks' NFTs. These digital collectibles have gained immense popularity and value in recent years.
The stolen NFTs were priced at a staggering 153.62 ETH (approximately USD 250,000) and 58.18 ETH (USD 95,000) respectively.
We finally have a response from Vitalik, apparent a sim swap was the method used.
While the hacker is blame,, at least a little of the blame must go to T-Mobile whos employees should be properly trained to spot a scam that is several years old.
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Elon Musk, CEO of X, has sparked renewed interest in Dogecoin after hinting at its potential use as a payment option on his social media platform.
The Millennial influencer, who was offered $10M by a billionaire to start a crypto fund, says Bitcoin will rip if Trump looks like winning.
Musk may finally be acknowledging the sun has set on Xs ad sales, but he isnt going quietly into that good night.
As recently as July 25, the DPC seemed to believe the matter would be resolved without court actions.
X (formerly twitter), a social media platform, has been stopped in Brazil by an order of a Brazilian Supreme Court judge, after Elon Musk’s refusal to name a legal representation for the company. As stated in an Associated Press report from August 30, Justice Alexandre de Moraes carried out his
Supreme Court Justice Alexandre de Moraes began investigating the spread of misinformation during the government of former Brazilian President Jair Bolsonaro.
His followers include William Shatner and Paris Hilton, but Animocas Yat Siu says Elon Musk would have a much greater impact: X Hall of Flame
The hung loans have led to bankers calling it the worst buyout since 2008.
After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025.
Ethereum and DeFi will both surge in the coming months according to analyst Michaël van de Poppe: X Hall of Flame
Despite Threads hitting 175 million monthly active users, its still too early to say whether it could become another X one day.
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