In a chilling display of digital deception, a sophisticated deepfake scam featuring an uncanny likeness of Elon Musk recently duped thousands of cryptocurrency enthusiasts. Over the weekend, YouTube hosted a five-hour livestream where an AI-generated Musk announced a “revolutionary” Tesla event alongside a “generous cryptocurrency giveaway.” Related Reading: Bitcoin On Her List: Suriname’s Presidential Hopeful […]
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased.
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, founder of Cardano, addressed the swirling rumors about a potential partnership with tech mogul Elon Musk. During the podcast, hosted by Tony Edwards, Hoskinson discussed various outreach efforts made to Musk’s companies, including offers of free work to combat bot issues on the platform formerly known as Twitter, now X. Hoskinson Denies Rumors Of A Partnership With Musk Hoskinson detailed several attempts by his team to connect with Musk’s companies, particularly X (formerly Twitter), where they proposed solutions to combat prevalent issues like fake accounts and bots. “We’ve reached out numerous times to try to engage with various people at X, even offering to do free work with verified tweets or other things just because it’s so bad right now with bots and these other things, and it’s just always silent,” Hoskinson lamented. Related Reading: Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here’s The Timeline Despite these efforts, he confirmed that Musk has never discussed Cardano or any potential collaboration personally. “I even know Kimbal Musk and I’ve talked to him on several occasions […] never once has [Elon] mentioned Cardano or me or anything,” he added. The founder’s comments served to quash rumors that had suggested potential uses of Cardano’s technologies, like the Midnight sidechain, in Musk’s high-profile companies such as SpaceX or Tesla. The speculative excitement around such a high-caliber partnership had been a point of discussion among investors and enthusiasts, given Musk’s known interest in cryptocurrency and his impactful endorsements of Dogecoin. Despite sharing mutual friends and professional connections such as podcaster Lex Friedman, Hoskinson expressed confusion and a bit of melancholy over the lack of engagement from Musk. “We share mutual friendships so I don’t know why we haven’t been able to square that circle […] maybe he’s got some people in his social circle that don’t like me and so he’s got some intel that I’m a bad person to work with or maybe it’s just he wants to do his own thing,” Hoskinson speculated. Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point Addressing Musk’s enigmatic persona and unpredictable business moves, Hoskinson noted, “He’s a magical guy. So it’s really like a sphinx hard to understand his motivations and understand why he does what he does. Why does he have this bizarre fetish for Dogecoin? Is it that he owns 20% of the supply…don’t know with a guy like that that’s the magic of Elon Musk.” Cardano Bears Remain In Control The ADA price saw a decrease of 2.2% over the last 24 hours, a dip that coincides with a broader downtrend in the altcoin market. Trading volume for ADA decreased also significantly, falling 22% to $357 million over the same period. The ADA price has consistently traded below the 20-day Exponential Moving Average (EMA), which has acted as a key resistance level since mid-March. While there was a brief period where ADA surpassed this threshold, it eventually faced strong resistance at the 200-day EMA and was unable to sustain its upward momentum. As such, the 20-day EMA, currently at $0.445, is a critical near-term resistance level. Surpassing this barrier could signal a potential shift in market sentiment, paving the way for a rally towards the 200-day EMA at $0.494. A decisive break above this longer-term EMA could firmly establish a bullish trend for ADA. Featured image from YouTube, chart from TradingView.com
In a shocking turn of events that has stirred the tech and crypto communities, business mogul and the Chief Executive Officer (CEO) of SpaceX and Tesla, Elon Musk has issued a stark warning to tech company Apple, threatening to forbid Tesla from using Apple devices if the tech giant integrates OpenAI into its operating system. […]
“This is not a fake, this is a real giveaway. I personally guarantee it to you,” one of 35 deepfake versions of Elon Musk promised.
The billionaire industrialist clarified that the south extension of Tesla's Giga Factory in Texas would soon be complete, allowing for more AI infrastructure.
Artificial intelligence firm xAI has secured $6 billion in a Series B funding round, according to a May 27 statement. Elon Musk, the company’s founder, revealed that its pre-money valuation was $18 billion, meaning this latest funding round boosted its valuation to $24 billion—a significant milestone considering the firm launched just 11 months ago, in […]
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Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024.
X introduces the means for advertisers to define target audiences, while X’s AI generates relevant user pools.
Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban.
His commentary touched on the zkSnacks shutdown, free speech and the proper treatment of farm animals.
The cryptocurrency market tends to thrive on a blend of innovation, utility, and sometimes, just a good meme. This week, the spotlight shone brightly on Dogecoin (DOGE), the Shiba Inu-themed meme coin, after a characteristically playful tweet from tech billionaire Elon Musk sent prices soaring. Related Reading: Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price While the tweet itself referenced a scene from Monty Python and didn’t directly mention Dogecoin, its timing, with DOGE hovering near the cusp of the top 10 cryptocurrencies by market cap, proved to be enough to ignite a firestorm of trading activity. This latest episode serves as a stark reminder of the immense influence Musk wields over the meme coin market, and the hair-trigger reflexes of Dogecoin’s dedicated community. pic.twitter.com/wXlbpNU97H — Elon Musk (@elonmusk) April 15, 2024 Dogecoin Rollercoaster Ride Continues This isn’t the first time Musk has sent shockwaves through the Dogecoin world. In 2021, his enthusiastic endorsements, including a now-famous appearance on Saturday Night Live where he jokingly referred to himself as the “Dogefather,” propelled DOGE to its all-time high. However, the meme coin’s meteoric rise proved unsustainable, and prices eventually settled into a lower, but still respectable, position. Bitcoin is now trading at $62.611. Chart: TradingView Currently, Dogecoin sits comfortably as the eighth-largest cryptocurrency, boasting a market cap of over $22 billion. However, there was a different narrative in the price department. At the time of writing, DOGE was trading at $0.15, down 8.4% and 22.9% in the daily and weekly timeframes, data from Coingecko shows. Clearly, the Musk tweet magic didn’t work this time. Or, perhaps not yet? DOGE 24-hour price action. Source: Coingecko A quick look at DOGE’s daily chart reveals a classic case of price resistance, where the coin struggles to break through specific price ceilings. This back-and-forth price action reflects the ongoing battle between enthusiastic buyers, emboldened by figures like Musk, and more cautious investors wary of the coin’s unpredictable nature. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window No Price Boost This Time Elon Musk’s tweets have long been synonymous with skyrocketing memecoin values, yet today’s unexpected downturn in Dogecoin following his latest post underscores the volatile and unpredictable terrain of cryptocurrency markets. This stark deviation from the usual trajectory serves as a poignant reminder that even the most influential voices in the industry cannot fully control or anticipate the market’s whims and fluctuations. It highlights the inherent risks and complexities investors face as they navigate this ever-evolving landscape, where sentiments can shift swiftly, leaving even seasoned traders reeling from the abrupt changes. Featured image from Pexels, chart from TradingView
Elon Musk announced that an upgraded iteration of his artificial intelligence firm xAI’s chatbot Grok may be released next week. This revelation came via Musk’s social media post on March 29, following xAI’s announcement of Grok-1.5 in a blog post. The enhanced AI chatbot will initially be accessible to “early testers and existing Grok users […]
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Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
Elon Musk, the tech magnate behind SpaceX and Tesla, has raised questions about Ethereum co-founder Vitalik Buterin’s apparent retreat from X, the platform Musk acquired in 2022 for $44 billion. The conversation was sparked by a post from “Autism Capital,” a crypto influencer with significant clout in the crypto dialogue, who lamented Buterin’s reduced engagement […]
The Dogecoin price is witnessing a strong upswing today, recording an 16% increase as X Payments, under the aegis of Elon Musk, secured pivotal money transmitter licenses across three additional US states. This milestone, first reported via X News Daily on X, includes the acquisition of licenses in Illinois, New Mexico, and Oregon, propelling X […]
The first patient to be implanted with Musk’s Neuralink device described the experience as “using the force” to control his computer.
Social media darling Elon Musk sent the meme-coin world into a tailspin with a seemingly innocuous St. Patrick’s Day tweet. The tech magnate, renowned for his affection for memes and his influence as “Dogefather”, posted a lighthearted image featuring three dogs adorned in festive green hats, one of them a Shiba Inu, the mascot of […]
The world’s richest man, Elon Musk, has broken his silence on when customers will be allowed to use Dogecoin to purchase Teslas. Musk also explained why he is so fond of the meme coin and has continued to support it all this while. Tesla Will Enable Dogecoin Payments “At Some Point” While addressing employees at […]
Elon Musk said he is making his AI chatbot Grok open-source as a challenge to OpenAI’s closed approach with ChatGPT.
A few users on X lauded Buterin for promoting open-source software. However, a few others also pointed out that Linux has its own share of issues.
Nvidia also overtook Elon Musk’s Tesla as Wall Street's most-traded stock in the United States over the last 30 trading sessions.
The first Neuralink product will be called “Telepathy,” according to Musk, allowing users to control digital devices using only their thoughts.
The Elon Musk-led company holds over $387 million worth of bitcoin.
The comments come a day after Musk posted a staged video of a Tesla robot folding a shirt.
The platform announced that it would drop the price of gold checkmarks to $200 monthly, while a cybersecurity firm reported scammers had been taking advantage of the verification.
Michael Saylor’s Bitcoin investment is over $2.6 billion in profit, but BTC price needs to gain a whole lot more to challenge the world’s richest person.
X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.
The explosion of artificial intelligence this year hasn’t escaped the Vatican, with Pope Francis warning of its dangers in a hefty 3,400-word letter ahead of the World Day of Peace on Jan. 1.