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The US Security and Exchange Commission (SEC) asks a federal judge to force Elon Musk to testify for their investigation into his acquisition of X, formerly Twitter. Musk completed his $44 billion dollar purchase of the social media platform in 2022. JUST IN: 🇺🇸 SEC asks federal judge to force Elon Musk to testify over his $44 billion acquisition of Twitter . — Watcher.Guru (@WatcherGuru) November 16, 2023 On Thursday, the SEC filed an official court document in San Francisco, defending its investigation and efforts to force Elon into testifying. The regulator says that it is acting within their authority in the investigation. Also Read: Cardano Price on Black Friday 2022 Last month, the SEC shared that it was carrying out an investigation into Musk’s X acquisition of Twitter . Musk had refused to attend a September interview for the probe, the SEC says. Source: SteelEye Musk and his lawyers on Nov. 2 asked the judge to deny ...

The direction of X is set to change, with plans to intertwine its social media capabilities with financial tools. Get insights into this transition. Elon Musk, the brains behind Tesla and SpaceX, has a new vision: turning X (previously Twitter) into a one-stop financial hub.  After buying and renaming Twitter to X, Musk wants to evolve it from a social media platform to a full-fledged financial services giant. The idea is for users to handle their entire financial lives within X – from chatting with friends to buying stocks. Let’s dive deeper into Musk’s plan and what it could mean for the future. You might also like: Elon Musk has big plans for crypto: analyst Merging social and financial worlds: the X blueprint With an ambitious roadmap set until 2024, Musk aims to pivot X from being a social media platform to an integrated financial hub, blending day-to-day social interactions with comprehensive financial tools. On traditional platforms, you’d l...

Lawyer Bill Morgan believes the US Securities and Exchange Commission has little chance of winning an appeal against Ripple in its ongoing litigation. The lawyer in X (form. Twitter) opines that there is no obvious error subject to appeal other than Ripple’s “support for ODL sales that fail to meet at least two prongs of the Howey test.” However, he added that there is a minimal chance (about 3%) of the SEC’s success in filing an appeal against Ripple (XRP). I don’t see any obvious appellable error other than in Ripple’s favor in respect of ODL sales which don’t meet at least two prongs of the Howey test. The SEC’s prospects of success on appeal are very slim and I feel generous today so I am giving it 3% chance of success on appeal https://t.co/FRIFbqzmVA — bill morgan (@Belisarius2020) October 22, 2023 Morgan’s prediction came from other statistics shared by Jeremy Hogan, a prominent attorney who shared government data on appeal success ...

The study also questioned whether FTX or Alameda had any role in coordinating Twitter bot activity for its own gain. Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research Institute (NCRI) said it analyzed over 3 million tweets posted between Jan. 1, 2019, to Jan. 27, 2023, surrounding 18 altcoins. The study found that Twitter bot activity played a crucial role in amplifying the value of these cryptocurrencies, including The Sandbox (SAND), Gala (GALA), Gods Unchained (GODS) and LooksRare (LOOKS), with half of the coins showing signs of price influence as a result of tweet bot activity. It also found that these inauthentic tweet s would increase after FTX posted about the token on social media, which it said raises questions about whether FTX or Alameda Research...