Elon Musk challenges SEC’s authority amidst Twitter probe controversy
Amid legal allegations, Elon Musk has criticized the United States Securities and Exchange Commission (SEC) and Department of Justice (DOJ), claiming they are abusing their regulatory authority. Musk is facing a lawsuit by the SEC, which alleges that he failed to testify in a probe related to his $44 billion purchase of Twitter (now X) […]
Editor’s Wrap: NFTs Aren’t Dead Just Yet
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Binance CEO CZ and Exchange File Motion to Dismiss SEC Lawsuit 2️⃣ Crypto Traders Are Yelling at Each Other on Elon Musk’s […]
X keeps 99% from most creator payouts
X (formerly Twitter) promised to share advertising revenue with creators subscribed to X Premium (formerly Twitter Blue). However, it has been revealed that most creators are receiving only a fraction of the ad revenue, with some earning less than 1% of what X receives from advertisers. For context, X advertisers typically pay $5 for every […]
Why Dogecoin is up 4% today?
Elon Musk’s X company, formerly known as Twitter, has obtained licenses to conduct cryptocurrency transactions and process them in seven states, including Rhode Island. This development has raised expectations among Dogecoin (DOGE) enthusiasts, as Musk has shown favor towards the meme coin in the past. The DOGE army eagerly anticipates the integration of DOGE payments […]
Elon Musk’s X will turn into PayPal?
According to Charles Gasparino, a correspondent for Fox Business News, Elon Musk is reportedly considering turning X (formerly Twitter) into a new payment system similar to an updated version of PayPal. This move would aim to offer lower transaction costs compared to credit cards and potentially monetize user information. Gasparino suggests that Musk has been […]
This Dogecoin millionaire’s fortune plunges from $3 million to $50,000
Glauber Contessoto, known as the “SlumDOGE Millionaire,” invested $250,000 in Dogecoin (DOGE) after Elon Musk promoted it on Twitter in 2020. His investment grew to $3 million at one point, but he chose to hold onto the cryptocurrency instead of cashing out. Unfortunately, with DOGE’s value plummeting over 90% from its all-time high, his holdings […]
Crypto veteran reveals next 100x opportunities for investors
Venture capitalist Arthur Cheong, the founder of DeFiance Capital, predicts that the next 100x opportunities in the crypto space will be found in projects that lack significant venture capital (VC) backing and are not traded on centralized exchanges (CEXes). He believes that crypto projects without VC investment and CEX listing will offer the greatest gains. […]
FAQ: What is Friend.Tech? why is it dominiating major crypto projects?
Friend.tech is an exclusive social application that is integrated with Twitter. It operates on Coinbase’s Base Layer 2 chain and allows users to trade shares in each other’s profiles. By holding shares, users gain access to exclusive content and private chat rooms within the app. What you need to know: Friend.tech has generated over $1.42 […]
Explained In 30 Seconds: Why Sam Bankman-Fried Is Finally Behind Bars After A Year
Former FTX CEO, Sam Bankman-Fried, finds himself in the Metropolitan Detention Center (MDC) in Brooklyn after his bail was revoked by Judge Lewis Kaplan. The MDC, known for its lack of comforts, is currently housing over 1,500 inmates, exceeding its capacity of 1,000. Bankman-Fried, who previously resided in a luxurious Stanford home, is expected to […]
The X Factor: Musk’s Ambitious Plans for the Future of X
Elon Musk, CEO of X (formerly known as Twitter), has expressed his team’s dedication on X for transforming the platform into the best platform for creators worldwide. Our goal is to make this the best platform for creators around the world! https://t.co/hezPrYWmOp — Elon Musk (@elonmusk) August 11, 2023 In response, accounts focused on XRP […]