Published on augustus 18, 2024, 12:21 am
Image source: Fox News
```json [ "Elon Musk's social media platform faced a DDoS attack during an interview with Donald Trump, but the interview proceeded with 120,000 participants despite technical difficulties.", "A US appeals court overturned part of a dismissal ruling in a class-action lawsuit against Binance.US alleging manipulation of Hex token prices.", "Vice President Kamala Harris supports strict regulations on cryptocurrencies, aligning with advisers from the Biden administration.", "Significant developments in Bitcoin transactions and decentralized finance technology are driving innovations in blockchain across sectors." ] ```
Elon Musk, the owner of X, revealed that the social media platform faced a distributed denial-of-service (DDoS) attack just as his anticipated interview with U.S. presidential candidate Donald Trump was about to commence. Musk took to X on August 12 to address the situation and stated efforts were being made to counter the DDoS attack aiming to disrupt legitimate users’ access by flooding the network with traffic.
The incident coincided with technical difficulties during the X Spaces interview between Musk and Trump, causing frustration among users who struggled to join. Despite hurdles, around 120,000 individuals managed to participate even though some encountered a message stating the stream was “not available.” Musk successfully initiated the interview slightly after 8:30 pm ET, ensuring a smaller live audience experience with immediate audio posting afterward.
In another development in the cryptocurrency sphere, a United States appeals court overturned part of a dismissal ruling regarding a proposed class-action lawsuit against Binance.US. The suit alleges that Binance.US manipulated prices of the Hex (HEX) token in an unlawful manner. The plaintiff, Ryan Cox, accused Binance.US and CoinMarketCap of artificially influencing HEX’s ranking on the platform, resulting in unfavorable trading conditions for HEX compared to Binance’s own digital assets.
Moreover, Vice President Kamala Harris is aligning with former economic advisers of the Biden administration known for their stringent stance on regulating cryptocurrencies. Harris intends to uphold strict crypto regulations amid ongoing debates surrounding legislative frameworks such as the Clarity for Payment Stablecoins Act of 2023.
In other news related to Bitcoin transactions and advancements in decentralized finance technology utilization, considerable developments are taking place within the cryptocurrency space leading into foreseeable future trends and innovations driving forward blockchain implementations across various sectors.
Original article posted by Fox News
