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Cities: Skylines II’s heavily anticipated “Economy 2.0 update” is now live, bringing with it the titular overhaul to the game’s… Continue reading Cities: Skyline II’s huge ‘economy update’ rolls out for PC
The post Cities: Skyline II’s huge ‘economy update’ rolls out for PC appeared first on ReadWrite.

Cities: Skylines II’s heavily anticipated “Economy 2.0 update” is now live, bringing with it the titular overhaul to the game’s economic systems, plus changes to building upgrades, modding support and more.

It’s a significant milestone for the city-builder, which stumbled out of its late October launch and biffed a premium DLC release earlier this spring. Developer Colossal Order went back to the drawing board with a pledge to get core systems right before it started shilling any more DLC; this patch is part of that effort.

In Patch 1.1.5f, players will find new options for sub-buildings in the upgrade menu for City Service buildings. If that sounds a bit esoteric, don’t worry, there’s an updated tutorial for the City Service building type. But the gist of it is that these buildings can be relocated and removed, or the whole sub-building feature can be turned on or off to the user’s preference.

As far as the economy goes, obviously when dealing with a system this large, it’s going to take some time to see the effect of these features. But economy means more than money changing hands. It affects things like solid waste accumulation, which now takes into account population groups like students, prisoners, commuter employees, even the homeless.

The overall tuning of city services means that electricity import costs are going up, and water service fees also will be adjusted. The goal is to “make the economy more challenging and transparent.” Government subsidies for these services still exist, but they have been tuned with that objective in mind, too.

There are a slew of other modding and performance changes; check the full patch notes to see if they scratch a particular itch for you. The bottom line is Cities: Skylines II has rolled a long-promised update that should get around to resolving a lot of the friction that made the launch version of the game feel unpolished, if not incomplete.

Where is Cities: Skylines II’s console version?

Cities: Skylines II is available for Windows PC via Steam. A console version for Xbox Series X and PlayStation 5 is planned, and tentatively slotted for a fall 2024 release, following a delay out of its originally planned spring 2024 window. That was pushed back as Colossal Order redoubled efforts to fix the main game on its lead platform for users who had bought it there.

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Apple has warned upcoming features will need to be delayed in the European Union due to regulatory curbs on Big… Continue reading Apple may delay AI features in the EU because of its big tech laws
The post Apple may delay AI features in the EU because of its big tech laws appeared first on ReadWrite.

Apple has warned upcoming features will need to be delayed in the European Union due to regulatory curbs on Big Tech. 

The Cupertino-based company has cited concerns around the EU’s Digital Markets Act (DMA) as the cause of the delay in the rollout of its new generative AI system, Apple Intelligence, as well as iPhone Mirroring and SharePlay enhancements in the European bloc. 

While the services will be introduced in the United States later this year, it is likely to be some point next year before they reach the EU.

As reported by Bloomberg, Apple is uncomfortable with the regulatory framework and present uncertainty surrounding it, claiming the rules would force the tech giant to compromise on the safety of its devices. The EU has previously refuted this argument.

In an email statement, Apple said, “Specifically, we are concerned that the interoperability requirements of the DMA could force us to compromise the integrity of our products in ways that risk user privacy and data security.”

Apple added it was “committed” to further dialogue with the European Commission (EU executive body) to find a solution to the deadlock to bring the new features to its vast European user base. 

Tim Cook pledges Apple Intelligence will remain private

The DMA puts a significant onus on the “gatekeepers” of massive online platforms to stop anticompetitive behavior, but companies such as Apple take the position that enabling third-party access with their services will bring threats to security and privacy.

In response, an EU spokesperson Thomas Regnier said that Apple and any other company, including gatekeepers, are welcome to trade in the EU “provided that they comply with our rules aimed at ensuring fair competition.”

Earlier this month at WWDC 2024, Apple introduced its Intelligence system (which chief executive Tim Cook pledged will remain private) which will bring together the Siri digital assistant and Open AI’s ChatGPT to perform web search tasks and to generate images or text. 

The range of AI features will be able to scan a user’s emails, chats, and photos to find specific information based on the instructions given in a prompt.

Image credit: Via Ideogram

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On the last day of its presale, Sealana, the latest and hottest meme coin in the Solana ecosystem, raised more… Continue reading Solana’s Hottest Meme Coin Presale Ends Today, Experts Predict 100x Gains Post-Launch
The post Solana’s Hottest Meme Coin Presale Ends Today, Experts Predict 100x Gains Post-Launch appeared first on ReadWrite.

On the last day of its presale, Sealana, the latest and hottest meme coin in the Solana ecosystem, raised more than $5 million.

This playful project offers investors a chance at high profits with an equal amount of fun, demonstrating that memes in the cryptocurrency space can convert into real currency.

Can Sealana repeat Slothana’s success with a post-launch surge?

As the cryptocurrency market continues its dynamic evolution, one token distinguishes itself through a combination of humor, satire, and strategic marketing.

Sealana (SEAL) is not merely a digital asset; it embodies a distinctive mascot—a chubby seal characterized by ambitions as expansive as its appetite.

Imagine a scenario where this endearing character resides in a digital space, is immersed in trading charts, and sustains itself on chips and tuna.

This portrayal symbolizes the archetype of the “degen trader,” affectionately referencing individuals constantly pursuing lucrative opportunities in meme coins.

Drawing inspiration from the success of Slothana, which experienced a significant 300% increase post-launch, Sealana adopts a comparable approach centered around meme culture.

Its objective is to resonate with investors who are drawn to both amusement and financial gain, aiming to establish a lasting appeal in the cryptocurrency market. You can explore the potential future value of Sealana by checking out our $SEAL price prediction.

FOMO fuels Sealana presale: 100x gains anticipated at market launch?

Ending today (June 25th), Sealana’s presale has attracted over $5 million in investments. Investors can acquire tokens at a fixed rate of $0.022 using SOL, BNB, ETH, or credit/debit cards.

This strong interest underscores the project’s appeal within the crypto community, known for embracing innovative ventures. Sealana boasts a thriving X community with over 12,000 followers, generating significant buzz.

Sealana ($SEAL) presale nears its end, having raised over $5 million, with investors predicting 100x returns after its launch on June 25th.https://t.co/SQUIa9v9sL

— Blockchain Reporter (@blockchainrptr) June 22, 2024

Crypto experts are endorsing the project, with some publicly disclosing their investments. Coverage in numerous crypto news outlets further amplifies the excitement.

Participating in the presale is straightforward: use a compatible wallet like MetaMask via the Sealana website. Keep in mind that tokens may not appear immediately due to presale mechanics. Potential investors can learn more about acquiring Sealana tokens through our guide on how to buy Sealana tokens here.

Sealana’s multi-chain expansion and strategic vision

Sealana transcends its single-chain origins, transforming into a multi-chain powerhouse. This strategic expansion embraces Binance Smart Chain and Ethereum, attracting a wider investor base and mitigating blockchain limitations. This diversification positions Sealana for a strong post-presale market performance.

To minimize transaction costs, Sealana plans efficient airdrops across its supported chains, prioritizing user experience for a promising future.

Inspired by meme coin success stories like Slothana, Sealana aspires to not only replicate but potentially surpass their achievements. The presale’s triumph positions it as a frontrunner among Solana-based meme coins.

Investors are captivated by Sealana’s anticipated innovations, which include enhanced altcoin strategies, increased token utility, additional exchange listings to improve liquidity, and seamless cross-chain integrations. These developments hold immense potential to further propel Sealana’s value.

The presale offers an attractive entry point. Engage with the vibrant community on X and Telegram for valuable insights, early updates, and a deeper understanding of the project’s development. Visit sealana.io to take part in the $SEAL token presale.

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Investors have only 24 hours left to buy $SEAL at a low price and seize the chance to profit from… Continue reading New Coin Listing – Sealana Crypto Presale Hits $5 Million, 24 Hours Left
The post New Coin Listing – Sealana Crypto Presale Hits $5 Million, 24 Hours Left appeared first on ReadWrite.

Investors have only 24 hours left to buy $SEAL at a low price and seize the chance to profit from the hottest crypto presale of 2024.

After the ICO, Sealana (SEAL) will be listed on exchanges, and investors will receive the token through an airdrop.

With time running out, investors are rushing to get in on what could be the next big thing in the meme coin world.

Why now is the perfect time to invest in Sealana (SEAL)?

If you’ve been following the crypto market, you may have observed its recent volatility. Bitcoin, the market leader, has declined by 9% this month, while Dogecoin, the leading meme coin, has seen a 12% drop.

Meme coins, including tokens like dogwifhat, are slow to recover, reflecting broader market trends. However, with Ethereum ETF launches rumored to be two weeks away, traders are hopeful for the start of a new altcoin season.

During an altcoin season, prices of alternative cryptocurrencies tend to outperform Bitcoin, marking the most profitable phase of a crypto bull market. Given the recent downturn in meme coins, there’s considerable speculation that they could experience equally sharp recoveries in the weeks ahead.

This might be the perfect time to accumulate as many tokens as possible. Investors should dollar-cost average (DCA) into their favorite coins. Currently, it seems that the market is at a phase where money will flow into altcoins.

Typically, the pattern follows three phases: In phase one, Bitcoin performs well. In phase two, major altcoins do well. In phase three, minor altcoins start showing explosive growth. Right now, meme coins and small tokens with strong fundamentals are poised to do well.

This is great news for Sealana, which will launch on exchanges as prices begin to recover. With its huge presale success, entertaining meme game, and strong backing from analysts, $SEAL is poised for success.

Investors interested in its current fixed price of $0.022 with only one day left in the presale should take prompt action. You can explore the potential future value of Sealana by checking out our $SEAL price prediction.

Could Sealana be the top meme coin investment of 2024?

Investors have a limited time to participate in Sealana’s (SEAL) presale, which concludes in one day on June 25 at 6 PM UTC after raising over $5 million. Since its inception, Sealana has garnered significant attention and success in its presale, evident from its active presence on social media platforms.

Initially launched on the Solana network, Sealana recently expanded to Ethereum and BNB Smart Chain. During the presale, investors can purchase $SEAL using SOL, ETH, BNB, USDT, and bank cards.

Post-presale, Sealana will list on exchanges, and tokens will be airdropped to investors. Potential investors can learn more about acquiring Sealana tokens through our guide on how to buy Sealana tokens here.

Despite recent volatility in the crypto market, Sealana has thrived during its presale phase. With its endearing chubby seal mascot and engaging social media strategies, the project has captured the hearts of many despite challenging market conditions.

The Sealana website humorously portrays Sealana’s fictional life: residing in his mom’s basement, trading meme coins, and indulging in junk food in pursuit of wealth, a narrative resonating with degenerate traders in the crypto community.

Sealana distinguishes itself with an edgy meme game that rivals other meme coins, contributing significantly to its presale success and generating substantial buzz across social media platforms.

Curiosity got the best of #Sealana ?? Using his Navy $SEAL training, he sneaked into #Area51 and got captured by some Aliens!?? Seems like they’re also into Lambos?️, Massive Gains? just maybe not the Freedom bit! ??

Send $SOL to rescue Sealana before the #Presale ends! ? pic.twitter.com/p5JdkjmmRv

— Sealana (@Sealana_Token) June 20, 2024

Unlike recent meme coin launches focusing on utility, Sealana adopts a purely memetic approach akin to dogwifhat, Pepe, and Dogecoin, which poses challenges in a competitive market. Nonetheless, Sealana’s successful presale debut underscores the effectiveness of this strategy.

Stay updated by following the project’s X account or joining its Telegram. Visit sealana.io to take part in the $SEAL token presale.

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ByteDance and Broadcom are in talks to develop an AI processor for the parent company of TikTok. The proposed deal… Continue reading ByteDance and Broadcom set to collaborate on AI chip development
The post ByteDance and Broadcom set to collaborate on AI chip development appeared first on ReadWrite.

ByteDance and Broadcom are in talks to develop an AI processor for the parent company of TikTok.

The proposed deal between the Chinese firm and the US chip designer, which share an existing relationship, would effectively safeguard ByteDance’s procurement and supply chains while supporting their advances in AI development.

The manufacturing of the new chip would be outsourced to TSMC, the world’s leading supplier of advanced semiconductors, representing a crucial juncture to satisfy US concerns given the ongoing trade restrictions with China, which prohibit the export of cutting-edge components.

This compliance with the measures put in place by Washington back in 2022 means there is scope for a deal to be completed but it will still be subject to scrutiny.

Despite some deals on older semiconductor technology, the US curbs have prevented any public movement on the trading of 5nm tech or more advanced chips, but this unique agreement can be secured.

Broadcom’s existing relationship with ByteDance

At this stage of the planned ByteDance Broadcom collaboration, the US must be content that there is no significant prospect of enhancing China’s chipmaking development, given the previous actions the government has taken.

ByteDance will also be working with two major global chip makers, in what is an unusual step.

As first reported by Reuters, the collective work would be focused on the 5-nanometer chip, a dedicated product also known as an application-specific integrated chip (ASIC). No final agreement is in place, but given the existing relationship between ByteDance and Broadcom, the basis for a new project is already in place. 

The US designer is heavily involved in supporting the TikTok owner’s server and network infrastructure, especially with the use of its 7nm processor. ByteDance also operates local services, Douyin and Toutiao, with the former named as China’s leading AI chatbot this year, and the latter a new aggregator “content king”.  

The company has an insatiable need for power and growth, enhancing its need for advanced chips, especially for its complex algorithms. Similar steps are being taken by rival tech and social media giants such as Meta, Microsoft, and Google-parent Alphabet which are all using, or developing, their own advanced processors.

Meta is also known to be in talks with Apple on AI development, with the iPhone maker already bringing OpenAI’s ChatGPT on board for integration with its new Intelligence system.

Image credit via Ideogram

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One year after breaking up a two-decade relationship with EA Sports, FIFA’s rebound hookup in video games is … Rocket… Continue reading FIFA touts esports partnership with Rocket League, which isn’t exactly esports soccer
The post FIFA touts esports partnership with Rocket League, which isn’t exactly esports soccer appeared first on ReadWrite.

One year after breaking up a two-decade relationship with EA Sports, FIFA’s rebound hookup in video games is … Rocket League?

Soccer’s global sanctioning body announced it’s teaming up with Epic Games and Psyonix’s popular automobile adaptation of The Beautiful Game under FIFA’s esports initiative. Sixteen nations will be represented in the game, and the corresponding esports competition will duke it out at some point for cash and prizes.

It’s still very speculative. Right now, FIFA is just asking fans which countries should feature in this leg of FIFA’s Esports World Cup. Elsewhere, FIFA is looking to stock a real competition field “based on the number of representatives from each country in previous Rocket League Majors.” No event dates, much less teams nor their seeding, have been set yet.

“This milestone partnership highlights our commitment to evolve our football esports ecosystem,” FIFA said in a statement “and continue to build the biggest stages for all communities to fame their game.”

Very well, but not only is this not a real soccer competition, it’s a video game wherein miniature, radio-controlled cars are playing the soccer. That’s a far cry from the kind of tournaments FIFA would run in partnership with Electronic Arts before those two broke up last year.

Last year, FIFA president Gianni Infantino said the soccer body remained committed to the video game space, and in February, rumors began spreading that 2K Sports, makers of the NBA 2K series, were next in line to make a FIFA-licensed video game.

What that would look like is anyone’s guess. The reason EA Sports could walk away from FIFA and do its own thing is because FIFA’s license was literally only that — a license to use FIFA’s name and marks. Yes, that that includes rights to the World Cup and the Women’s World Cup, but those are quadrennial tournaments most recently staged in 2022 and 2023.

The parts of the series that really drove immersion, from the English Premier League to the national teams for Euro 2024 and even the Ballon d’Or, are licenses FIFA does not control.

Moreover, looking at Konami’s struggles with challenger eFootball/Pro Evolution Soccer, and the overwhelming licensing advantage that EA Sports FC has held over that series for more than a decade, shows that anything resembling a fully featured, licensed soccer video game depends on well more than FIFA’s nameplate.

How is EA Sports’ football game doing without FIFA?

Electronic Arts in January revealed that while “net bookings” — as in the revenue that the company sees from open-ended cash-cow modes like Ultimate Team — increased slightly, actual unit sales of EA Sports FC 24 were down from what they were the preceding year. Naturally, they’re comparing those figures to the sales of a FIFA-branded title in a World Cup year, so they were likely to dip anyway. And either way, the franchise still makes money hand over fist.

In any case, you’re still talking about a game that approximates humans playing football, not automobiles.

Whether the team-up with Rocket League really is a “groundbreaking partnership” as FIFA calls it, or just a tide-me-over until World Cup 2026 forces EA Sports and FIFA back together, remains to be seen.

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UK video game retailer GAME has denied claims that it will stop selling physical video games and gaming hardware at… Continue reading GAME: UK’s largest game retailer denies reports it will stop selling physical games
The post GAME: UK’s largest game retailer denies reports it will stop selling physical games appeared first on ReadWrite.

UK video game retailer GAME has denied claims that it will stop selling physical video games and gaming hardware at its stores.

There was confusion and shock this morning as reports stated the UK’s largest physical video game retailer GAME (owned by Frasers Group) would soon stop selling physical games.

Gfinity eSports reported today (24 June) that insiders claimed that shortly, physical gaming hardware and software will only be available as preorders, with home delivery incurring an extra fee.

These reports seem to be incorrect, however. GAME has since categorically denied the claims in statements to various outlets.

In a statement to Eurogamer, a GAME spokesperson said, “This reporting is categorically not true. GAME continues to support the physical gaming market, offering a wide range of physical games, hardware, software, accessories and digital gift cards, in stores and online.”

The online response to the initial report confirms that there is still a market for a physical game store. “It’s all a bit sad, really. Like music, just downloading games makes it easier than ever, but it feels less fun,” said one Reddit user.

Other users reminisced about their fond memories of purchasing new games. “Yeah the feeling when you went out to town to pick up a new game and then you’d read the manual on the way home, felt so exciting,” said another Reddit poster.

GAME’s troubled recent history

Due to the popularity and proliferation of digital gaming marketplaces like Steam and Epic Games, and subscription services like PlayStation Plus and Xbox Game Pass, GAME has had to diversify its offerings to stay relevant in recent years, expanding into toys, merchandise, and board games.

After unsuccessfully managing to keep competitive alongside CeX and eBay, GAME discontinued pre-owned games and trade-ins earlier this year. They are also discontinuing their reward scheme, GAME Elite.

However, their strong refutation combined with disappointment from fans online upon hearing the news suggests that they will continue to serve local high streets for the time being.

GAME has been contacted for comment.

Featured image credit: GAME

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Just like in the base Elden Ring game, there are bosses in Shadow of the Erdtree that provide you with… Continue reading All Elden Ring: Shadow of the Erdtree Remembrance bosses: What new rewards can you get?
The post All Elden Ring: Shadow of the Erdtree Remembrance bosses: What new rewards can you get? appeared first on ReadWrite.

Just like in the base Elden Ring game, there are bosses in Shadow of the Erdtree that provide you with a Remembrance which you can cash in for some of their gear.

However, not all bosses provide you with these, and if you just want to focus on those that reward you with the top items, you’ll probably want to speedrun straight to them.

Here, we’ll give you a list of all the Shadow of the Erdtree Remembrance bosses so you have a consolidated checklist to work off instead of one as long as your arm.

We’ll also detail what you can receive as a reward for the Remembrances so you know what’s in store for beating the bosses.

All Shadow of the Erdtree Remembrance bosses and their rewards

There are a total of ten Remembrance bosses in Shadow of the Erdtree, bringing the total of Remembrances to 25. This is a pretty hefty number and if you want to get as many weapons, armor, and spells as possible, you’ll need to definitely get a bit of duplication going.

Here are all of the DLC Remembrance bosses and what you can get for redeeming them:

Divine Beast Dancing Lion

Enraged Divine Beast
Ash of War: Divine Beast Frost Stomp

Rellana, Twin Moon Knight

Rellana’s Twin Blades

Messmer the Impaler

Spear of the Impaler
Messmer’s Orb

Romina Saint of the Bud

Poleblade of the Bud
Rotten Butterflies

Putrescent Knight

Putrescence Cleaver
Vortex of Putrescence

Scadutree Avatar

Shadow Sunflower Blossom
Land of Shadow

Metyr, Mother of Fingers

Staff of the Great Beyond
Gazing Finger

Midra, Lord of Frenzied Flame

Greatsword of Damnation
Midra’s Flame of Frenzy

Commander Gaius

Sword Lance
Blades of Stone

Promised Consort Radahn

Greatsword of Radahn (Lord)
Greatsword of Radahn (Light)
Light of Miquella

All in all, there’s some pretty serious gear to be had if you beat all of the Remembrance bosses in Shadow of the Erdtree. Most are main bosses, required for you to actually beat the DLC, but some are indeed optional, so make sure you seek them out if you want to head toward 100% completion.

Other Elden Ring: Shadow of the Erdtree pages you might like:

How to get the Backhand Blade
Shadow of the Erdtree Boss List
Who is the Shadow of the Erdtree Final Boss?
Best Interactive Map for Shadow of the Erdtree
How to get Scadutree Fragments
Shadow of the Erdtree leveling system explained
How to access Shadow of the Erdtree DLC
How to find the Blade of Mercy Talisman

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The cryptocurrency market faced significant turbulence as Bitcoin’s (BTC) value fell below $63,000, leading to a surge in long position… Continue reading Bitcoin plunge below $63k triggers wave of liquidations
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The cryptocurrency market faced significant turbulence as Bitcoin’s (BTC) value fell below $63,000, leading to a surge in long position liquidations.

CoinGlass data shows that over the past 24 hours, Bitcoin long liquidations on centralized exchanges reached $47.9 million out of a total $49 million in liquidated BTC positions.

The broader crypto market wasn’t spared, with total liquidations exceeding $161 million, predominantly affecting long positions ($153 million). Ethereum (ETH), the second-largest cryptocurrency, saw $29.1 million in liquidations, with $28.5 million from long positions.

What are liquidations?

Liquidations occur when traders’ positions are forcibly closed due to insufficient funds, often resulting from market volatility eroding initial margins or collateral. According to CoinGecko data, Bitcoin currently trades at about $63,370, its monthly low, representing a 3.2% decrease in 24 hours and a 15% drop from its March 14 all-time high of $73,740.

The downturn has impacted altcoins as well. Ethereum declined 4% to $3,371, while Solana (SOL) experienced a steeper 7% fall, trading around $125. The GMCI 30 Index, tracking the top 30 cryptocurrencies, dropped 4% to 124.9.

CoinGecko data indicates that Bitcoin maintains a 52.64% market dominance, followed by Ethereum at 17.76%. The global cryptocurrency market capitalization has contracted by approximately 3.5% to $2.466 trillion.

An expanding market

When observing market contractions such as this one, it is easy to forget that the regulated Bitcoin market is still aggressively growing. As reported earlier this month, prominent asset manager VanEck is set to launch Australia’s first spot Bitcoin ETF on the Australian Securities Exchange (ASX) this Thursday.

This product allows investors to gain direct exposure to Bitcoin without the complexities of purchasing and storing the cryptocurrency themselves. The announcement follows April rumors and comes after Monochrome Asset Management launched a similar product on Australia’s CBOE exchange earlier this month.

Japanese investment firm Metaplanet has also recently announced plans to issue one billion yen (approximately $6.3 million USD) in bonds to purchase Bitcoin. This decision, approved by the company’s board on June 24, 2024, aligns with Metaplanet’s long-term strategy to increase its cryptocurrency holdings.

The bonds, set to be issued on June 26, will offer a 0.5% annual interest rate and mature on June 25, 2025. This move is expected to increase Metaplanet’s Bitcoin holdings from 141.07 to around 241 BTC.

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A five-hour YouTube Live broadcast featuring a deepfake of Elon Musk promoted a cryptocurrency scam today, continuing a recent trend… Continue reading Elon Musk DeepFakes peddle crypto scams on YouTube
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A five-hour YouTube Live broadcast featuring a deepfake of Elon Musk promoted a cryptocurrency scam today, continuing a recent trend of similar fraudulent streams.

According to a June 23 Engadget report, the now-removed video purported to show a live Tesla event, using an AI-generated version of Musk’s voice to lure viewers to a website. The fake Musk urged viewers to deposit Bitcoin (BTC), Ethereum (ETH) or Dogecoin (DOGE) for a supposed giveaway, promising to “automatically send back double the amount.”

The stream attracted over 30,000 viewers at its peak, though bot inflation cannot be ruled out. It topped YouTube’s Live Now recommendations. The channel, @elon.teslastream, bore the Official Artist Channel verification badge, suggesting a possible account compromise.

YouTube removed both the video and channel after Engadget’s inquiry to Google. This incident is part of a recent surge in Elon Musk deepfake scams, typically impersonating his companies.

The video was titled “Tesla’s [sic] unveils a masterpiece: The Tesla that will change the car industry forever.” Earlier in June, Cointelegraph reported on 35 accounts posing as SpaceX running similar scams during the Starship launch.

An ongoing trend

April saw scammers attempting to capitalize on eclipse enthusiasm using the same tactic, as reported by Mashable. Cryptocurrency scams targeting Musk’s followers on social media have been an ongoing issue, as have those involving celebrities generally.

Recently, 50 Cent’s social media accounts were hacked to promote a pump-and-dump scheme. Tesla’s CEO is particularly popular as a target for celebrity fake scam promotion given his relevance to the cryptocurrency space.

Musk’s relevancy to crypto primarily stems from his influential social media presence and his companies’ involvement with digital currencies. As the CEO of Tesla and SpaceX, Musk’s public statements about cryptocurrencies, particularly Bitcoin and Dogecoin, have frequently caused significant market movements.

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