Bittensor’s TAO rose 4.2%, adding to a 77% rally over the past week. Ocean Protocol’s OCEAN, Fetch AI’s FET and SingularityNet’s AGIX zoomed as much as 16% in the past 24 hours, outperforming bitcoin and other majors. The sector jumped nearly 8%, driving the biggest gains for crypto traders. Source
According to Musk, X Corp will sue Media Matters and several others for a fake plot to paint the social media company as problematic. X (formerly Twitter) owner and Chairman Elon Musk has threatened to file a lawsuit against major advertisers and Media Matters for America (MMfA) for pausing ads on X and allegedly misrepresenting the company’s position on free speech. Musk said the company will file a lawsuit first thing today. In a post published Saturday, the X Chairman stated: “The split second court opens on Monday, X Corp will be…
This week, the crypto community erupted when a fake BlackRock XRP ETF filing surfaced; regulators are still indecisive on ETF filings; Elon Musk’s “thermonuclear” lawsuit earns praise from InputOutput; and institutional adoption remains sustained. Fake BlackRock XRP ETF filing The XRP community was thrown into excitement when a filing for a BlackRock iShares XRP Trust made its way to the Delaware ICIS on Nov. 13. The discovery triggered an XRP rally to $0.73. However, the asset was dumped immediately when several industry commentators such as Bloomberg ETF analyst Eric Balchunas…
X owner Elon Musk received a show of support from crypto professionals, despite a storm of criticism and advertiser departures from his social platform after the world’s richest person made what critics perceived as an anti-Semitic comment. In a Nov. 18 post, Tamara Haasen, who presides over InputOutput, the engineering and research company behind Cardano (ADA), described Musk as an “effective” leader, a “great operator” and someone clear on what battles to fight. Haseen’s post was in response to an earlier post by Musk stating X will be filing a…
The implications of a publicly traded Starlink are far-reaching, with the space industry poised for transformative changes. Elon Musk, the visionary entrepreneur and founder of SpaceX, took to social media to deny reports suggesting that the rocket company was considering an Initial Public Offering (IPO) for its satellite internet business, Starlink, as early as 2024. Musk dismissed the rumors as “false” in response to a Bloomberg News report shared on the social media platform X. Background of Starlink’s IPO Rumors This statement contradicts previous indications from Musk, who had expressed…
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old projects — including an abandoned memecoin project called ANDY — which has significantly declined from its all-time high. Not that people in this space will care but…
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of its platform, and Elon Musk unintentionally made a case for Bitcoin Ordinals. Meanwhile, an OpenSea investor has taken a 90% markdown on their stake in the platform, and don’t forget…
Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests. The motivation behind building Gruk is to create AI tools equipped to assist humanity by empowering research and innovation, Musk and xAI explained in a Nov. 5 X (formerly Twitter) post. Just released Grokhttps://t.co/e8xQp5xInk — Elon Musk (@elonmusk) November 5, 2023 Musk and the xAI team said a “unique and fundamental advantage” possessed by Grok is that it has real-time knowledge of…
Tesla CEO and X owner Elon Musk has long demonstrated an interest in cryptocurrencies. His public endorsements and criticisms of various digital currencies have often sent ripples through the crypto market. Yet, despite his fascination with the decentralized digital realm, Musk has once again reiterated that none of his companies will ever create a crypto token. To be super clear, none of my companies will ever create a crypto token — Elon Musk (@elonmusk) November 4, 2023 It follows another clarification in August, which came in the form of a…
Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users. During a recent AI Safety Summit in London, Elon Musk had a one-on-one discussion with UK Prime Minister Rishi Sunak about the future of artificial intelligence and its impacts on society. The tech billionaire warned that AI might eventually lead to a world where jobs become a thing of the past. He also painted a picture where you can only…