X’s Latest License Marks a Total of Seven American States It’s Secured Transmitter Licenses In
Twitter, under the name X, has been granted a currency transmitter license by regulators in Rhode Island. This license is necessary for companies involved in financial activities related to sending and receiving money, including both fiat and crypto assets. The approval allows X to custody, transfer, and exchange digital currencies.
Elon Musk Acknowledges Vitalik Buterin's Analysis of Community Notes
Elon Musk, CEO of Tesla, praised Vitalik Buterin's analysis of Community Notes on Twitter. Buterin, co-founder of Ethereum, had written a blog post dissecting the concept of Community Notes, which seeks to provide a more democratic and community-driven system for discussing contentious topics on platforms like Twitter. <br>
Elon Musk confirms fight against Mark Zuckerberg will take place in Italy, livestreamed on Twitter and Meta platform
Elon Musk has confirmed that his fight against Mark Zuckerberg will take place in Italy and will be managed by their own foundations, not the UFC. The fight will be livestreamed on both Twitter and an undisclosed Meta platform or platforms. The location will pay respect to the past and present of Italy, and all proceeds will go to veterans. No date has been set for the fight, but Musk suggested that Twitter Blue subscribers may have special access or benefits.
Elon Musk: X Premium Only Counts Views From Verified Accounts
Elon Musk tweeted that X Premium (also known as Twitter Blue) is free for accounts with over 5 million views. Please note that only verified accounts count towards the views, otherwise scammers may use bots to artificially inflate views.
Elon Musk's lawyers ask for dismissal of Dogecoin investors' lawsuit
Elon Musk's lawyers have requested the dismissal of a revised complaint submitted by a group of Dogecoin investors in a New York federal court. The lawsuit, which accuses Musk of market manipulation and insider trading, has been amended for a third time and now includes additional allegations. Musk's lawyers argue that the claims fail to hold up under scrutiny and that the lawsuit is an example of "abusive and belligerent litigation tactics." The legal battle has become increasingly acrimonious, with both sides accusing the other of inappropriate behavior.
Neuralink Raises $280 Million in Series D Funding for Brain-Computer Interfaces
Neuralink, a biotechnology company backed by Elon Musk, has announced a $280 million Series D funding round led by Peter Thiel's Founders Fund. The California-based company develops implantable brain-computer interfaces to enable direct communication between the brain and external devices. The funds will be used to help people with paralysis or other neurological conditions regain independence by controlling computers and mobile devices using their brain activity. However, the company has faced controversy over animal testing and its Institutional Animal Care and Use Committee.
Elon Musk Rebrands Twitter Blue Subscription Service to X Premium with Ad Revenue Sharing Model
Elon Musk has renamed Twitter Blue, the subscription service of the social media platform, to X Premium following a major rebranding of Twitter to X. X Premium subscribers who meet certain criteria, including having at least 15 million total impressions on their posts in the last 3 months and at least 500 followers, will be eligible for a share of the ad revenue based on their engagement on the platform. Musk has also announced that all ad revenue generated from non-subscribers will be kept by the platform. The ad revenue is shared based on advertisements posted in the comments of user tweet replies, similar to TikTok's format.
Elon Musk Denies Rumors of X App Creating Its Own Cryptocurrency
Elon Musk, the boss of X app (formerly known as Twitter), has denied rumors that the company is developing its own cryptocurrency. Musk stated that no "X coin" will ever be created or launched. While speculation about crypto payments on the platform has been circulating since Musk's purchase of Twitter last year, the company has only introduced a Subscription feature for micropayments in fiat currency. Despite the community's hopes for Dogecoin payments, Musk has not clarified whether they will be implemented.
Elon Musk claims X 'never will' launch a crypto token
Elon Musk, has stated that the platform will never launch its own cryptocurrency. Musk's response came after a user warned others to be cautious of fake tokens or memecoins claiming to be official X-sanctioned crypto projects.
Elon Musk's X reportedly seeking financial-data giant to build trading hub on app
Elon Musk's X, formerly known as Twitter, is reportedly seeking a financial-data giant to build a trading hub within the app. The request for proposals included financial content and real-time stock data, but it is unclear if any firms have submitted proposals. While Musk denied knowledge of any work being done on the project, the platform's potential for trading cryptocurrencies, particularly bitcoin, could be significant. The rebranding of Twitter to X as part of Musk's plans to create an everything-app has been positively received by crypto experts.
