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Vitalik Buterin calls out Elon Musk on free speech and ‘banhammer’ threat

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Vitalik Buterin, co-founder of Ethereum, has voiced concerns over Elon Musk’s approach to moderating free speech on the social media platform X, particularly regarding the use of account bans. In a post shared on December 31, 2024, Buterin acknowledged Musk’s stated commitment to free speech but called for a more balanced approach to content moderation, specifically urging Musk to avoid excessive use of account bans, which he referred to as the “banhammer.”

The comments come after Musk’s defense of U.S. companies utilizing H-1B visas to hire foreign workers, which sparked controversy among certain conservative groups on X. These groups accused Musk of censorship, despite his earlier promises to champion free speech and limit moderation. Buterin’s criticism centers on the inconsistencies in Musk’s moderation practices, which have evolved since he took over Twitter (now X).

Buterin also pointed to the inherent contradictions in Musk’s stance, noting that while Musk has advocated for a broader interpretation of free speech, the heavy-handed approach to banning users contradicts those ideals. Buterin’s remarks reflect a broader debate within the tech and cryptocurrency communities about the balance between protecting freedom of expression and preventing harm on online platforms.

Musk, who has faced significant backlash over his management of X, has yet to respond publicly to Buterin’s comments. However, Buterin’s call for moderation is likely to resonate with other users who have expressed concerns about Musk’s leadership and the platform’s direction under his ownership.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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