Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk’s reported net worth has dropped by more than $86 billion in recent days. In a matter of weeks, two major players in the tech industry have seen their net worth drop by billions of dollars — partly the result…
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Twitter has filed paperwork with the U.S. Financial Crimes Enforcement Network (FinCEN) to start a payment business. Tesla CEO and Twitter chief Elon Musk explained the social media platform could offer “an extremely compelling money market account” in addition to “debit cards, checks, and whatnot.” Elon Musk Shares Ideas for Twitter’s Payment System Twitter Inc.…
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Some Ledger users weren’t able to process withdrawals using Ledger Live on Wednesday, according to social media reports. Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer. Ledger saw a “massive usage” of their platforms and suffered a…
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Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the document’s 14th birthday, Snowden had some words with Craig Wright, the man who claims to be Satoshi Nakamoto. Following the news tied to the troubled…
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A growing number of social media platforms have been integrating crypto and Web3 support, but opinions are divided on whether they are in it for the ethos or profit. The emergence of Web3 technologies has brought Web2-based companies to consider amendments to their current products and services. Many leading brands are using Web3 technologies such…
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Sam Bankman-Fried, CEO of FTX, said that the reason the major exchange did not invest in the much-talked-about Elon Musk Twitter takeover is the crypto-related difference in visions for the social network. The CEO tweeted on November 3, “We passed on Twitter b/c it didn’t seem like our strengths were what was needed for Elon’s…
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Elon Musk has started rolling out a $7.99-a-month Twitter Blue subscription service. U.S. President Joe Biden, however, is concerned that the billionaire has bought a social media platform “that spews lies all across the world.” Stating that there are “no editors anymore in America,” Biden stressed: “How do we expect kids to be able to…
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Dogecoin, earlier today, once again initiated a rally that enabled it to go up by 6% in just 24 hours, peaking at $0.127. But as hours went by, DOGE lost some of its momentum as it is now trading at $0.122 according to tracking from Coingecko. Here’s a quick look at the meme coin’s performance:…
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Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation…
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Dogecoin, the king of meme coins, has been one of the best performing crypto assets during the last 30 days and ever since Elon Musk took over Twitter. Statistics show that dogecoin has risen 116.3% against the U.S. dollar during the last two weeks, and the token has situated itself in the eighth largest crypto…
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