Social Media
SEC issues subpoena to influencers promoting HEX, PulseChain and PulseX
Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing the crackdown on such scenarios, the U.S. Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers who were found promoting cryptocurrencies such as HEX, PulseChain and PulseX. Swedish researcher Eric Wall shared an official letter from the SEC dated Nov. 1, which was addressed to influencers. It read: “We believe that you may possess documents and data that are relevant to an ongoing investigation being conducted by the staff of the United States Securities and Exchange Commission.” The letter was accompanied by a subpoena that was issued as part of the investigation, which demanded the influencers in ques...
Here’s why Binance’s CZ invested in Twitter following Elon Musk acquisition
The acquisition of Twitter by billionaire Elon Musk got mixed reactions from crypto and global communities, sparking discussions around changes to censorship, account verification and the launch of new crypto and blockchain-centric features. However, Binance CEO Changpeng “CZ” Zhao’s decision to invest $500 million in the social media site took the limelight. Acknowledging the buzz, CZ shared six reasons why he opted to support Twitter and what it may mean for the future of Twitter. Ever since Twitter’s new sink was in, I was asked about it in every interview. And I had many interviews last week. So, here is a summary. Why did we do it? 6 reasons. — CZ Binance (@cz_binance) November 4, 2022 CZ’s primary reason for investing in Twitter was his belief in free speech. “Free speech is a prereq...
Instagram Fixes Latest Outage That Told Millions Of Users Their Accounts Were Suspended
HipHopWired Featured Video Source: NurPhoto / Getty Social media companies have been taking a lot of Ls lately. Elon Musk is doing his best to ruin Twitter, and now Instagram, the former photo-sharing app turned into a TikTok clone, suffered a massive outage. Instagram users were met with a massive outage on Monday, Oct. 31, that the company has since resolved, but it had many panicking. While outages usually mean timelines won’t refresh or you won’t be able to post your latest selfie or reel you saved from your TikTok account, this one was different. Users fired up their Instagram apps only to be locked out of their accounts and greeted with this message, “We suspended your account on October 31, 2022.” Per The Verge, the issue seemed to be generally experienced by iPhone users, with some...
I’m the captain now: Musk chops Twitter board, becomes sole director
Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents. In an SEC filing dated Oct. 27, the “consummation” of Musk’s takeover of Twitter came with the dissolution of Twitter’s board members, including Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou. “On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter,” the filing reads. The Tesla CEO later tweeted in a response to a Twitter user that the arrangement was “just temporary.” Previously, Musk has said the platform under his ownership will focus on free speech, eli...
Binance may form a team to support Twitter’s blockchain efforts
According to reports on Oct. 28, crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance’s founder and CEO, Changpeng “CZ” Zhao, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla’s founder. On Twitter, CZ confirmed that the money was wired earlier this week and clarified that the transaction was performed through traditional banking services using fiat currency, not via cryptocurrencies or blockchain protocols. In May 2022, the crypto exchange had in...
Daft Punk Have Joined TikTok: “Let’s Rewind Time”
Daft Punk have joined TikTok because, well, 2022. Only a year as upside-down as this one could see Daft Punk—the legendary electronic music pioneers, visionary directors and avant-garde composers—adding “content creator” to their illustrious résumé. The irony of the robots joining a digital dystopia wherein the majority of its young users haven’t even heard of them isn’t lost on us. But we digress. “Let’s rewind time, on TikTok,” reads Daft Punk’s first TikTok post. It’s worth noting that Daft Punk’s arrival on TikTok finds them in uncharted waters. TikTok’s business model is predicated on deals made with record companies prior to the formation of the duo’s account, so they reportedly required a direct deal to lic...
Ye Has Agreed To Buy Right-Wing Social Media Cesspool Parler, Twitter Says He’s Being Swindled
HipHopWired Featured Video CLOSE Source: Stephane Cardinale – Corbis / Getty Coon in boots, aka Kanye West, aka Ye, is doubling down on his MAGA ways with his latest business move. Spotted on Bloomberg, Ye has agreed to purchase Parler, the social media platform where MAGA whites went to share their far-right (racist) political thoughts “freely.” Per Bloomberg: Ye, formerly known as Kanye West, has agreed to buy Parler, a social media platform that has been embraced by conservatives who departed Twitter over allegations of political censorship. Parlement Technologies, the parent company behind Parler, announced Monday that it plans to sell the social media platform to the hip-hop icon for an undisclosed amount. The deal would include technical support from Parlement, such as...
Kanye West AKA Ye Cut Off From Twitter & Instagram For Antisemitic Comments
HipHopWired Featured Video Source: Stephane Cardinale – Corbis / Getty Kanye West, AKA Ye, went on recent social media rampages, airing out personal conversations and hurling accusations against some of his business associates. During these rants, the famed rapper, producer, and designer took aim at the Jewish community with antisemitic comments, causing him to be cut off from Twitter and Instagram. Over the weekend, Kanye West was already locked out of Instagram for violating its user policies and used Twitter to call out Meta owner Mark Zuckerberg, whose company owns Instagram and WhatsApp. Later, Elon Musk welcomed Ye back with open arms on the platform that the Tesla founder is reportedly slated to purchase. Related Stories Hip-Hop Wired reported on one of the tweets in question that s...
Phony Stark, AKA Elon Musk Finally Agrees To $44 Billion Twitter Purchase
HipHopWired Featured Video Source: NurPhoto / Getty Phony Stark, aka Elon Musk, wants to buy Twitter. No, for real this time. We think. Yahoo! Finance reports the Tesla chief finally agreed to purchase Twitter, and the social media company has also decided to honor Musk’s initial proposal. Per Yahoo! Finance: Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” Related Stories The agreement follows months of legal drama after Musk tried to back out of his original agreement to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter...
Merriam-Webster Adds 370 New Words To The Dictionary, Including Internet Slang
HipHopWired Featured Video Source: Handout / Getty Let me just start by saying—all words are made up. Language wasn’t bestowed on us on holy tablets and delivered by Advanced Placement Moses so that our tongues would know what to do with themselves. Language was developed by people—who made up words. Still, English aficionados—who never wondered whether the person who came up with the word “flabbergasted” ever got funny looks—love to get their underoos all in a bunch whenever slang or informal words get added to the dictionary. Well, those people might not be happy with the fact that Merriam-Webster has added a slew of internet terminology to the great book of words and their meanings. From Engadget: The addition of “metaverse” comes as no surprise, seeing as companies like Face...
US lawmakers call on Mark Zuckerberg to address ‘breeding ground’ for crypto scams: Report
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud. According to a Friday report from the Washington Post, Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernie Sanders and Cory Booker called on Zuckerberg for the actions the company may take to detect crypto scams, to coordinate with law enforcement and to assist victims of fraud. Meta currently controls Facebook, WhatsApp, Messenger and Instagram. “Based on recent reports of scams on other social media platforms and apps, we are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,” reportedly said the group of senat...
Lil’ Kim Denies 50 Cent’s Claim She Slammed Nicki Minaj’s Son on ‘Plan B’ Remix: ‘Kids Are Off Limits!!!’
The Queen Bee is clapping back. On Thursday (Sept. 8), Lil’ Kim addressed allegations started by 50 Cent that she had taken aim at Nicki Minaj‘s young son on her new “Plan B” remix with Megan Thee Stallion. “I never said a word about anyone’s child…” the rapper wrote on her Instagram Stories. “Please feel free to listen to the song where we were clearly talking about an EX. To try and twist my words to have an excuse to take digs at my child is disgusting. I’m one of the most disrespected legends in the game but what you will not do is come for MY CHILD.” Explore See latest videos, charts and news See latest videos, charts and news A couple slides later, Lil’ Kim went on the offensive against the Super Bowl LVI halftime show performer, whom she blamed for fueling the gossip to begin with. ...
