Tesla CEO Elon Musk has disclosed that the European Commission (EC) offered his social media platform, X, a covert deal to censor speech in exchange for avoiding fines related to its blue check verification system. Musk stated that X declined the deal, unlike other platforms. The EC accused X of noncompliance with the Digital Services…
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The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta Platforms’ Facebook Faces Online Fraud Lawsuits in Thailand Authorities…
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Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent approvals, Twitter can now function as a payment provider within…
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Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency…
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Tesla and Spacex CEO Elon Musk says that he is “giving serious thought to” creating a new social media platform with free speech as a top priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” the Tesla billionaire said. Elon Musk Considers…
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Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection.
Vkontakte to Facilitate Use of Non-Fungible Tokens
The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology…
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According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook…
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