Tag: Musk

Elon Musk says posts busted by Community Notes won’t earn revenue share

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Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk. In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected” by Community Notes — manned by X’s crowdsourced fact-checkers will not be eligible for revenue share. Musk said the change would “maximize the incentive for accuracy over sensationalism” and claimed any attempted weaponization of the feature would be “immediately obvious” as the data is open source. Making a slight change to…

BTC above $35K, SBF testifies, Gemini, Elon Musk

This week saw Bitcoin (BTC) hit a new yearly high; Sam Bankman-Fried testifies; Gemini sues Genesis Global, Elon Musk has crypto plans and regulatory efforts resurface. Bankman-Fried testifies FTX founder Sam Bankman-Fried took the stand on day 13 of his trial to deliver testimony, leveraging a remarkable “I don’t recall” approach in his speech to the judges. Bankman-Fried claimed that FTX refrained from utilizing auto-deletion mechanisms for their decision-making channels and leaned heavily on Signal for security measures. Furthermore, he deflected accountability onto his legal counsel, underscoring his lack of…

Elon Musk Unveils Plans to Make X Financial Hub by 2024

When Musk took over the social media giant last year, he revealed his plans to make the platform an everything app, offering users opportunities to “send money anywhere in the world instantly in real-time”.  Elon Musk, the visionary entrepreneur and CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX, is spearheading a groundbreaking initiative that aims to revolutionize the way people manage their finances.  During an all-hands call with X employees on October 26, Musk provided a compelling vision for the company’s future, stating that by the end of 2024, the…

Elon Musk X Competitor? xPortal Unveils Rival Features

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In the next three days, our team at Bitcoinist will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 to focus on the Metaverse, one of the hottest trends in crypto. During the event, the head of product for MultiversX’s native “SuperApp” xPortal, Sergius Biris, unveiled new features to expand the ecosystem. The project aims to onboard new users to the network by providing social interactions, a bridge with other blockchains, and more to compete with…

Elon Musk Unveils Two New Tiers of X Premium Subscription

In parallel to the subscription plan announcement, X is taking measures to combat manipulation, spam, and bot activity on its platform. Elon Musk, the CEO of various innovative companies and owner of social media platform X (formerly Twitter) recently confirmed the introduction of two new premium subscription plans for X. New Premium Subscription Options on X X Premium, the current subscription service for X, offers a range of exclusive features for $8 per month. These features include custom emojis, extra character limits for posts, and priority customer support. Musk’s announcement…

Pro-XRP Lawyer Reacts To Musk And Cuban’s SEC Amicus Brief

In a pivotal moment backed by pro-XRP lawyer John E Deaton’s sentiments, high-profile entrepreneurs Elon Musk and Mark Cuban, along with a consortium of prominent investors, have raised objections against the US Securities and Exchange Commission (SEC). This challenge comes in the form of an amicus curiae brief addressing the SEC’s litigation procedures. Elon Musk and Mark Cuban’s Amicus Brief Musk, Cuban, and other amici such as Phillip Goldstein, Nelson Obus, Manouch Moshayedi, and the Investor Choice Advocates Network (ICAN) collectively argue against the SEC’s predominant use of administrative proceedings…

Elon Musk Plans To Stop Crypto Bots on X by Charging New Users $1, but It May Not Work

“While this new program is well-intentioned, it may be more effective to enhance reporting measures to resolve existing issues,” explained Veronica Wong, CEO of crypto wallet SafePal. “Despite having dedicated team members reporting bot and scam accounts to safeguard our users, it is a never-ending battle as the process takes time and new X accounts are always popping up.” Source

X’s ‘everything app’ push continues as Elon Musk tests video game streaming

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X, formerly Twitter, has made another step toward becoming an “everything app” after Elon Musk tested out video game streaming on the platform. In a 50-minute-long stream on Oct. 6, Musk streamed himself playing the popular online action role-playing game Diablo 4. Stream Test 3 https://t.co/1ih0ZAY2tS — Elon Musk (@elonmusk) October 7, 2023 As things kicked off, Musk outlined that “what we are aiming for here is that the audio sounds normal, the image looks reasonably good so it’s not flickering, and the comments are working.” While the feature is…