Elon Musk's X Blue Allows Subscribers to Hide Premium Status on Twitter
Under Elon Musk's direction, Twitter Blue has been renamed "X Blue" and now offers a feature that allows subscribers to hide their blue checkmarks. This feature gives users the option to conceal the fact that they are paying for premium services and avoid potential ridicule. The blue checkmark was initially a symbol of authenticity, but it became possible to "purchase" verification through third parties or Musk's Blue subscription, leading to confusion and harm to legitimate accounts. Despite concerns among tech communities, including those involved in crypto and NFT sectors, it remains to be seen how these changes will shape the future of social media interactions and premium subscription services.
Agency AFP Sues Twitter Over Copyright Issues
Elon Musk's Twitter, X, is facing a lawsuit from French news organization Agence France-Presse (AFP) for alleged copyright violations. The AFP is seeking an immediate injunction to force X to disclose details about the use of their content, in order to calculate compensation under French law. The European Union's copyright extension, adopted by France in 2019, protects all types of news content disseminated on digital platforms. Musk has responded to the lawsuit, questioning why X should pay for traffic to AFP's site where they make advertising revenue.
Study Finds Elon Musk's Tweets and ToplineBot Accounts Boosted Prices of FTX-Listed Cryptocurrencies
A recent study conducted by the Network Contagion Research Institute revealed that ToplineBot accounts and tweets from Elon Musk, the owner of Twitter, have contributed to the rise in prices of FTX-listed cryptocurrencies. The study analyzed more than 3 million tweets about 18 different cryptocurrencies from January 2019 to January 2023, and discovered that bot-like comments accounted for nearly half of the total chatter about the coins. Additionally, the study concluded that tweets by Musk mentioning altcoins, such as PEPE and PSYOP, led to significant price spikes for the cryptocurrencies. Despite Musk's claim in June that 90% of scams on Twitter had been eliminated, he has yet to provide any data to support this statement. Changes to APIs have been made to discourage the creation of bots, but these changes have also made it more difficult for third-party researchers to conduct independent audits. Elon Musk, with a net worth of $232.7 billion, is currently the world's richest person, and despite his efforts to eliminate fake accounts, researchers have found that bad bots continue to be prevalent on Twitter.
Twitter's X Service Allows Users to Hide Subscription Badge
Twitter's subscription service, "Blue," now allows users to hide their checkmark badge, according to a Twitter Help article. This change comes after owner Elon Musk reconfigured the verification system upon his purchase of Twitter. The Blue subscription service issues a checkmark to users who pay for the service and attach a phone number to their account, but some subscribers may now choose not to display it. A preprint research study found that Blue subscribers after the verification changes were more likely to post conservative political content, exhibit positive views about Elon Musk, and promote cryptocurrencies.
Dogecoin Community Warned of Scammers Creating Tokens with DOGE Name on Various Chains
Mishaboar, a respected leader and contributor in the Dogecoin community, has issued a warning to fellow enthusiasts about the proliferation of numerous tokens carrying the DOGE name on various chains. These tokens are not affiliated with genuine Dogecoin and are instead created by scamming teams using deceptive tactics to lure unsuspecting investors. One concern is the use of a large decoy wallet by these scamming teams, which creates the illusion of not participating in dumping activities. The rise of DOGE imposters coincides with rumors about the integration of Dogecoin into Elon Musk's X platform, which has fueled speculation that scammers are taking advantage of the hype and attention.
Shiba Inu's Creator Invites Elon Musk to Blockchain Futurist Conference for Shibarium Unveiling
Shytoshi Kusama, the creator of the Shiba Inu project, has invited Elon Musk to the upcoming Blockchain Futurist Conference in Toronto, Canada. The conference will unveil Shiba Inu's own layer 2 blockchain, Shibarium, and the completed Worldpaper, which will introduce all SHIB branded projects to the broader crypto community. Kusama has also confirmed strong indicators pointing towards the launch of Shibarium at the conference, marking a significant milestone in Shiba Inu's journey towards creating a robust, community-driven blockchain ecosystem. Additionally, Kusama announced that the remaining supply of BONE, the digital token associated with the SHIB community, will be minted and the BONE contract will be renounced to prevent further minting and ensure a substantial portion is allocated to validators in the upcoming blockchain system.
Dogecoin's Daily Active Users Up by 28.63% Amid Broader Market Freefall
Most altcoins, including Dogecoin, have experienced a significant drop in value as the top tokens try to recover from losses incurred in the past week. Despite a 2.49% drop in the past 24 hours, Dogecoin has seen a 2.75% gain in the last seven days, and its daily active users have increased by 28.63% to 66.42K, indicating robust activity and positive retail interest. While Dogecoin's use as a payment token is limited compared to Bitcoin or Litecoin, its active community and Elon Musk's influence have helped to boost its growth. The current freefall of Dogecoin may face resistance due to its broader growth boosters.
Elon Musk Teases X (Twitter) Dark Mode, Users React with Mixed Feelings
Elon Musk, the owner of the popular social media platform X (Twitter), has hinted at a new feature that has received mixed reactions from users. Musk responded to a user who shared graphics of an X version with a black checkmark, stating that the platform will soon only have a dark mode as he believes it is better in every way. This decision may cause controversy among prolific users of the platform who prefer the current theme.
Dogecoin Surges in Price and Social Dominance, While Other Memecoins Lag Behind
Dogecoin's price has experienced a significant increase, which may be attributed to Elon Musk's recent actions and rumors that DOGE may have a larger purpose for his website X.com. Despite regulatory scrutiny and market instability, traders and investors continue to accumulate DOGE, resulting in a 25% increase in its price over the past two weeks.
Dogecoin Liquidations Spike, Majority Are Short Contracts
Data reveals that Dogecoin futures liquidations have been the highest in the cryptocurrency market in the past 24 hours due to the coin's upward trend. The surge in Dogecoin's value has attracted speculators, resulting in high liquidations, with short contract holders being the majority. Elon Musk's cryptic hints about possible Dogecoin integration on Twitter have contributed to the asset's positive signs and momentum.
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