#media

Local media in Nairobi reports that the police have raided a Worldcoin warehouse, confiscating documents to probe into the company's conduct. The Data Commissioner alleges that the company failed to disclose its actual goals when registering. The data from iris-scanning technology becoming compromised is a rising fear among industry specialists. Nevertheless, Worldcoin maintains that they've safeguarded all pertinent data.

But officials are concerned about potential negative impacts on consumers, according to Semafor media. The fear is that an indictment could trigger a run on the exchange, leading to consumer losses and causing panic in the crypto markets, similar to what happened with FTX, which eventually went bankrupt. As a result, prosecutors are exploring alternative options such as fines and deferred or non-prosecution agreements.

Hwang, co-founder of Orange Photography, had been the proud owner of the one-letter Twitter handle until the recent Twitter rebranding. As recently as Tuesday, he asserted that no one had attempted to reach out to him, but now the account is being managed by Elon Musk's company. According to reports from American and British media, the company not only took control of the account without prior discussion but also refused to offer any compensation. The only thing they offered Hwang was exclusive merchandise. Later, Hwang wrote from his new account, "All's well that ends well."

Elon Musk has launched x.com website that points directly to Twitter. He also promises to transform the iconic blue bird logo into the letter "X" within a single day. According to the billionaire, this rebranding effort is aimed at transforming Twitter into an all-in-one "everything app," serving not only as a social media platform but also as a payments app and messenger. In the wake of the news, the X token from an unrelated NFT marketplace with the same name skyrocketed by 1000%. (edited)

The country intention to seek a court-ordered shutdown of Facebook unless the social media giant takes decisive action to address alleged investment and cryptocurrency scam advertisements on its platform. According to the Ministry of Digital Economy and Society, over 200,000 individuals fell victim to deceptive Facebook ads. The ministry highlighted that common tactics employed by scammers included crypto investment and trading schemes, often featuring images of celebrities and prominent financial figures, and promising daily returns of up to 30%. The ministry is in the process of gathering evidence regarding these scam advertisements, with their number estimated to be over 5,300.

Social media giants, like Facebook, rely on a vast global moderation teams to sift out damaging content, from child pornography materials to severe violence. The implementation of GPT-4 might be the key to revolutionizing this workflow. "The process [of content moderation] is inherently slow and can lead to mental stress on human moderators. With this system, the process of developing and customizing content policies is trimmed down from months to hours," assert OpenAI representatives. Access to the OpenAI API now enables individuals to forge their distinct AI-driven moderation frameworks.

The world's richest individuals sparring on social media is pure entertainment. Zuckerberg proposed August 26 for the showdown, but Musk hasn't fully committed yet. Instead, he mentioned not having time for workouts; hence, he's lifting weights at work. And get this, Musk's combat style of choice is wrestling! Can you imagine the spectacle that would be?! Musk even suggested a charity fundraiser, but Zuckerberg countered by advocating for a "trustworthy" platform, hinting at avoiding X (Twitter). These clever marketing tactics have definitely sparked social media engagement! But will the face-off actually happen? What do you think?

The team behind the largest token on the Base blockchain, Bald, has withdrawn a substantial amount of liquidity from LeetSwap, removing 7,000 ETH and 142 million BALD tokens in a significant transaction. The price of BALD has plummeted to as low as $0.015, experiencing a decline of over 84%. In the past few days, BALD had seen a gain of over 30,000%, even without having an official website or active presence on social media.