Elon Musk bought Twitter for $40 billion and then left, leaving Linda Yaccarino as CEO. Its objective? Earn more money with ads and control what is said about him and his companies. His strategy of him? Tweet what he wants and threaten whoever opposes him. Your result? A social network divided between its fans and its critics. His legacy? A billionaire who believes himself to be a messiah and who seeks power and money without limits. His imprint of him? A mixture of freedom and chaos.
Ms Yaccarino comes from NBC Universal, where she was in charge of advertising. Mr Musk said that his new hire will focus on day-to-day operations while he focuses on product development, with the aim of “transforming this platform into X, the app for everything.
The CEO of Open AI, the company behind the Chat GPT chatbot, called for stricter regulation of generative artificial intelligence, that progresses quickly, such as forcing the disclosure of which images have been created by AI. Sam Altman warned US senators that “if this technology goes wrong, it can go very wrong”, noting the near-term potential for use in the 2024 election. Some senators wondered whether regulating AI now wouldn’t consolidate power among the companies that dominate the market. Could it be that they want to use it for their own campaigns?
Bitcoin price has corrected its gains and is trading below $27.5K. In other words, Bitcoin is playing cat and mouse, but it still has a chance to go higher if it doesn’t fall out of its channel. If it does, it could go as low as $26K or more. Buckle up, what’s coming is a roller coaster.
Now, let’s talk about the top crypto news of the week according to Cointelegraph in Spanish: This is not a news summary. This is an opinion article. The intention is to reflect on the following headlines in a skeptical and critical way. This is an article for free thinkers.
China launches a national blockchain center to train half a million specialists
China wants to be the world leader in blockchain, the technology that allows the creation of decentralized and secure networks. To this end, it has inaugurated a national innovation center that will train half a million experts in this field. The center will collaborate with universities, companies and research groups to develop blockchain applications in various sectors, such as the digital economy, cross-border trade or artificial intelligence. The objective is to connect the different blockchain platforms that exist in the country and create a coherent and powerful network. The center is based on its own blockchain called ChainMaker, which already has the support of 50 corporations, most of them state-owned. China continues to ban cryptocurrencies, but does not give up exploring the possibilities of the blockchain. What we have here is an army preparing for a technological war.
Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegrin court
Do Kwon, the founder of Terra Luna, a cryptocurrency project that collapsed in 2022, is accused of forging documents in Montenegro. Together with his former assistant, he offered bail to avoid jail time. The court accepted the offer, but placed them under house arrest and asked them to verify their identities. Kwon is also in trouble with the law in South Korea, where his assets have been frozen. The trial will begin in June. Let the competent authorities get their act together… and if that subject is guilty of something… It would be fantastic if a piano fell on him…
OpenAI CEO Close to Raising $100 Million in Funding for Worldcoin, Report Reveals
Worldcoin is a cryptocurrency project that wants to give out free tokens to everyone as long as they put themselves through a device called an “orb” that verifies their identity. Behind this idea is Sam Altman, the CEO of OpenAI. Altman is close to raising $100 million from investors to fund Worldcoin, which has yet to be officially launched. The goal is to create a universal currency that can benefit the most disadvantaged people on the planet. Will it be true? But of course, not everyone is convinced that giving up their biometrics for a few coins is a good idea. Some critics see it as a form of social control or an invasion of privacy. Could we trust friend Sam?
Finance ministers of the European Union approve the MiCA regulation on cryptocurrencies
As we know, cryptocurrencies are in fashion, but they also generate a lot of doubts and concerns. For this reason, the finance ministers of the European Union have approved a new regulation called MiCA, which means Cryptoactive Markets. ANDhe objective is to create a common legal framework to protect consumers, prevent fraud and encourage innovation. The MiCA regulation sets requirements for issuers and providers of cryptocurrency services, such as licensing, transparency, and supervision.
Also, create a special category for stablecoins. The MiCA regulation still has to go through the European Parliament and the European Council before it comes into force. This is expected to happen in 2024. My opinion? I think it’s great, because this industry needs clear rules in order to grow.
Breaking News: Court Victory for Ripple as Judge Denies SEC Request to Seal Hinman Documents
Ripple, a company that sells a cryptocurrency called XRP, is at war with the SEC, the body that regulates securities in the United States. The SEC says that Ripple sold XRP illegally, as if it were a stock. Ripple says no, that XRP is like Ether, another cryptocurrency that the SEC does not consider a security.
To prove its point, Ripple wants to use as evidence a speech a former SEC official gave in 2018, where he said that Ether is not a security. The SEC wants to hide that speech, saying that it has nothing to do with the case and that it could affect his internal work.
But a judge has said no, that the speech is public and relevant to the case. And just like that, Ripple has won yet another battle in its fight against the SEC. Will it be enough to win the war? We’ll see. Everything indicates that the winner will be the team that has the most money to pay the best lawyers.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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