Breaking: Elon Musk’s X Faces Ban In Brazil, Court Rules
Elon Musk's X platform faces ban in Brazil after court rules it failed to appoint legal representative, amid accusations of spreading hate speech and misinformation.
By Rupam Roy
37 mins ago
Ybets
Elon Musk X ban Brazil court rules
Highlights
Brazil top court imposed a ban on Elon Musk's X.
Elon Musk’s X faces a ban in Brazil following a ruling by the country’s top court. The Federal Supreme Court, led by Minister Alexandre de Moraes, suspended the platform after it failed to appoint a legal representative within the mandated 24-hour deadline. The decision marks a significant escalation in the ongoing conflict between the Tesla CEO and Brazilian authorities.
Elon Musk’s X Banned In Brazil
Brazil’s top court has announced the suspension of X, accusing the social media firm of repeatedly ignoring court orders to appoint a legal representative. According to a recent report, Minister Alexandre de Moraes instructed the National Telecommunications Agency (ANATEL) to cut off access to the platform in Brazil within the next 24 hours.
In addition, he also ordered tech giants like Apple and Google to remove Elon Musk’s social media platform from their app stores within five days. Moraes criticized the platform for creating a “lawless land” in Brazil.
The Minister argued that the platform has been utilized to spread hate speech, racism, and anti-democratic content on a mass scale. Notably, he had imposed a fine of R$50,000 per day on users who attempted to access the platform using VPNs and other means.
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Ten years ago today, the first Bitcoin recipient Hal Finney passed away.
Satoshi Nakamoto sent the first ever Bitcoin to his address. He is speculated by many, to be Satoshi himself.
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Imagine waking up to see XRP at $20+ per coin on Binance! You’d probably be in disbelief, quickly verifying the numbers and grasping that the crypto world has just taken a huge leap. With such a dramatic rise, XRP would become the center of attention, igniting a flurry of analysis and strategy. Whether you’re holding on or contemplating your next move, this is a pivotal moment to watch closely and capitalize on. Stay sharp and see how this incredible shift could impact your crypto journey

💡 It took me 7 years to learn these crypto truths, but you can grasp them in just 5 minutes: 💸
1. Regardless of market swings, 8% of people will always hold the 21 million Bitcoin.
2. Master financial, capital, and risk management—it’s 100x more critical than technical analysis or research.
3. Passive income in crypto is real—you can earn without actively trading.
$BTC has averaged over 100% annual gains for the past 15 years. So why isn’t everyone rich? It’s the mindset of chasing quick gains. If you can't dedicate 4 hours daily to crypto, stick to $
Don’t rely on others. Learn on your own, take responsibility, and build your experience. That's the only true way to mint your success.
What's the ultimate investment goal? A meaningful life. If crypto helps you achieve that, pursue it. If not, reconsider your strategy.
Crypto has evolved into a financial market. It began with tech but is now driven by macroeconomics and linked to traditional markets.
They might discourage you from buying Bitcoin, but remember, when everyone’s on board, the opportunity might be gone. Act now!
Invest wisely, make meaningful choices, and let crypto shape a brighter future

Famous businessman #elonmusk , who openly sided with #donaldtrump in the US elections, reacted to the Biden government with inflation on his X account. Musk stated that the government spends much more money than it earns and constantly prints new money to close this gap.

This is the FINAL crypto bull run!
So pay attention,
I’m not saying this to scare you,
I’m just telling you the truth.
You cannot afford to f this up.
Take it seriously.
I’m going to teach you how to time the TOP this cycle.
It’s easy.
You will look at these 3 metrics.
~ TOTAL CRYTO MARKET INDEX:
This represents the entire #crypto market combined, including:
$BTC + $ETH + all altcoins.
This index gives a macro view of the overall direction of the market.
A rising total market cap = BULLISH
Declining market cap = BEARISH
~ TOTAL 2 INDEX:
This excludes #Bitcoin and gauges the health of the altcoin market.
If TOTAL 2 is rising and reaching new highs = ALTS BULLISH
Little secret:
Watch for divergences between TOTAL 2 and Bitcoin’s performance.
If TOTAL 2 outperforms Bitcoin = ALT SEASON
~ TOTAL 3 INDEX:
This represents the small altcoins market cap.
If this chart is gaining a lot of momentum,
It means money is flowing into “newer” and “highly speculative” coins.
This can indicate increased risk appetite = TOP IS NEAR
Historically,
Sharp increases in TOTAL 3 have preceded significant market corrections.

If $BTC goes down to $10,000, $BNB goes down to $180, or $ETH goes down to $700, a lot of people are going to make a lot of money. 🐺⚡️
When the market is pumping or dumping, thousands of people are making a lot of money, and you can too. 🐺⚡️
When you see $BTC or $BNB dumping, don’t cry or panic. Remember, as $BTC is dumping, many traders are making huge profits from the dump. Some traders placed short positions on $BTC at $70,047 and are currently seeing significant profits. If $BTC or any other coin keeps dumping, they will continue to make money.
You have to learn to take advantage of every move the market makes. This is why, as a crypto trader, you need to know how to trade the futures market.
It will give you an edge over many spot traders.
In the coming days, we will start sharing free materials that will help you analyze the markets and trade better.
Honestly, you don’t need to trade every time or every day. All you need is a good setup.
Once you see a good setup, place your trade and make good money
Materials to get started coming, Follow to get notified when we post

Two shipments of gold from the Central Bank of Argentina were sent abroad, Economy Minister Luis Caputo confirmed in an interview with La Nación.
Economist Juan Valerdi expressed concern over the risks of sending bullion to foreign banks as collateral for loans.
Last month, the Central Bank of Argentina sent approximately $450 million worth of gold abroad via British Airways flights.
The Economy Ministry has not yet confirmed the destination of the gold bars. Physical gold bars could go away as we know it.

Multiple Real-World Assets (RWA) and DeFi projects are poised to pump with BlackRock's investments. Here’s a breakdown of what I've uncovered about their wallets and the tokens they're accumulating 🧵

A trader’s $90 bet on an obscure $meme coin has ballooned to $1.7 million, as per an X post from trading analyst Kakashi.That’s an 18,888x unrealized gain on that initial $90 bet, which is extraordinary.

🇺🇲Vice President Kamala Harris has raised $310 million for her campaign, significantly outpacing former President Donald Trump's $138.7 million fundraising total. This financial edge highlights Harris's strong support base and the extensive resources backing her campaign. Trump's fundraising, while substantial, underscores a competitive race as both candidates prepare for the upcoming election cycle. The disparity in fundraising amounts reflects their respective campaign strategies and the enthusiasm of their donor bases, setting the stage for an intense political battle. As the campaigns progress, these funds will play a crucial role in shaping their outreach, advertising, and overall electoral strategies

X has suspended the account “makenowmeme”, which allowed users to launch memecoin on Solana from a simple tweet. On the website, the alleged owners claim that they are trying to restore everything, while the minting remains suspended

NAIROBI (CoinChapter.com) – On Aug. 1, a trader pulled off an astonishing 94-fold return by trading the Solana-based memecoin, CTO. Lookonchain highlighted this incredible achievement, where the investor acquired 256.8 million CTO tokens for just 50 SOL, valued at about $8,500. In one hour, the trader managed to sell 227.67 million CTO tokens, securing a profit of approximately $800,000.

Pump and dump" schemes involving Bitcoin (BTC) typically occur when a group of traders collaborates to artificially inflate the price of Bitcoin before selling off their holdings at the peak, profiting at the expense of other investors.

🚨 REVENGE BILLIONAIRES: The Winklevoss Twins' $65M Crypto Empire 💰👨‍👨‍👦
👩‍💻🎓 Harvard twins Cameron & Tyler Winklevoss had a social network idea. They hired Mark Zuckerberg but were betrayed. 😠💔
📋 They sued Zuckerberg & settled for $65M in 2008. 💸🏛️
💡 The twins invested in Facebook shares & #Bitcoin in 2013. 📈📉
🔒💼 They founded Gemini in 2015, bringing trust to the #crypto world. 💡💰
🌐💸 Bitcoin's price skyrocketed, turning their $11M investment into billions. 📈🚀
🔍💡 Lessons learned: turn rejection into opportunity, recognize trends, think long-term, educate your market, be curious, and don't let "no" stop you. 💡📚
🤔 What will your $65M revenge story be? 💭💸

Cryptocurrency exchange Bybit has launched Indian digital rupee CBDC payment option. The introduction of the Indian central bank digital currency (CBDC) on the exchange will enhance security for rupee users and attract merchants, the exchange said.
The e-rupee will be available as a wallet-based payment solution. It joins existing Bybit options for payment in rupees by bank transfer, third-party services such as Paytm and India’s Unified Payments Interface, which is the Reserve Bank of India’s (RBI’s) national payments portal.

🤔🤔The idea that Google can remove Donald Trump from their search results has sparked significant debate. Technically, Google has the ability to manipulate search results by adjusting their algorithms or manually altering the index. This power has raised concerns about censorship and bias, as search engines play a crucial role in shaping public perception and access to information.
However, outright removal of Trump from search results would likely face substantial backlash. It would be seen as a violation of free speech principles and could damage Google's reputation for impartiality. Additionally, given Trump's prominence and the high volume of content related to him, such an action would be difficult to implement without being noticed.
Legal and ethical considerations also come into play. In democratic societies, there are expectations for platforms to provide fair and unbiased access to information. Any move to censor a political figure, especially one as polarizing as Trump, would need to navigate complex legal landscapes and public opinion.
In conclusion, while Google technically can remove Trump from their search results, doing so would be fraught with significant technical, ethical, and legal challenges, likely making it an impractical and controversial endeavor.#BinanceTurns7

Ex-Google Leaders Raise $5 Million to Build Blockchain's Answer to LinkedIn!

Introducing a revolutionary new platform that's set to disrupt the professional networking space!
Built by former Google leaders, this #blockchain -powered platform aims to connect professionals in a more secure, transparent, and efficient way.

If you make 10 million from cryptocurrency trading and want to transfer the money to a domestic bank account, this may be regarded as a huge amount of property of unknown origin, and may even constitute a crime. However, there are some legal ways to convert these funds into legal income.
One way is to withdraw USDT from the exchange to BiyaPay, a wallet with a legal license in the United States. In BiyaPay, you can exchange USDT for an equivalent amount of US dollars, and then withdraw the US dollars to Wise or OCBC Bank. Although there will be fees and exchange rate losses in this operation, these funds are legal. From Wise, you can transfer US dollars back to Alipay, WeChat or Bank of China, but there is an annual limit. OCBC Bank's 360 account can be directly withdrawn in China without the limit of 50,000 US dollars.
Another way is to withdraw USDT to iFAST UK Bank through Kraken Exchange, which also has a legal license. This method is also legal, but it will also involve fees and exchange rate losses.
Please note that although these methods are legal, it is best to consult a professional legal advisor before operating to ensure that all steps comply with local laws and regulations. At the same time, it should be noted that any legalized method will have a certain cost, which is to ensure the safety and legality of funds.
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On Jul 31, 2024, 02:28 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,301.340088 USDT, with a narrowed 0.28% increase in 24 hours