Main navigation

Elon Musk Engages Crypto Community in Discussion: Details

Fri, 20/10/2023 - 14:50
Elon Musk Engages Crypto Community in Discussion: Details
Cover image via
Read U.TODAY on
Google News

Tech tycoon Elon Musk, owner of X app, CEO of Tesla, SpaceX and other innovative tech companies, has announced a new update on the X platform, prompting an immediate response from the crypto community and those users who are not part of any crypto army.

Soon, according to Musk, there will be two new types of premium subscriptions on the X app that various types of users will be able to benefit from. Overall, he continues to show an excellent rapport with the global crypto community.

Crypto community reacts to new premium subscription tiers

Musk spread the word about introducing two new tiers of X premium subscriptions soon. One of them, he went into detail, is cheaper, as it includes all the necessary features but there is no reduction in advertisements shown to its users.

The second subscription tier will be more pricey, again, with all features included but no advertisements. This seems to be another solution that Musk came up with in order to reduce the platform's dependence on advertisers – by taking on a popular model. It is used by YouTube, for example, which offers YouTube Premium without the obligation to see advertisements every now and then.

Many crypto enthusiasts responded to Musk's tweet. Among them was the prominent XRP-themed account @XRPcryptowolf (he asked when will it be possible to pay for X subscriptions with XRP), SafePal crypto wallet, influencer David Gokhshtein (he asked if Musk intends to launch a new algorithm on X) and others.

A lot of users posted memes in response to Musk's tweet about the subscriptions or asked when bots will be eliminated on the app.

XRP fan boasts new Ripple win against SEC to Musk

The aforementioned user @XRPcryptowolf responded to another tweet by Musk, stressing the recent victory of Ripple in court as the SEC decided to drop the charges against Ripple chief executive Brad Garlinghouse and a company's cofounder, Chris Larsen.

The XRP fan called this "yesterday's news."

However, some crypto experts believe that the SEC had chosen to drop the charges deliberately so it could make a faster appeal against Ripple's recent victory, when the judge declared that XRP sales of Ripple on the secondary market were not to be qualified as securities.

Elon Musk Eyes Withdrawing X From EU, Will This Impact Crypto Market?

Musk considers blocking Twitter in Europe

As reported by U.Today earlier, Elon Musk is now eyeing an opportunity to withdraw Twitter from the European market. The reason for this is the recently adopted regulation package in the EU called the Digital Services Act (DSA).

It requires social media platforms to moderate and often remove content that could be considered rude, misleading or harmful – contrary to everything for which Musk has recently criticized ChatGPT, calling it "woke" since its creator, Open AI, programmed it not to offend users on any basis, whether religious, political, on gender issues, etc.

Mark Zuckerberg, who recently launched a clone of Twitter called Threads, already removed his new app from Europe for the same regulatory reason.

Upon acquiring Twitter last year, Musk quickly closed its international offices in many global capitals as part of his cost reduction strategy. Now, X may simply leave the EU, forcing users to use it via VPN. Still, Twitter is important for the global crypto community and for the European one as well.


Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles