Twitter, the prominent social media has again attained an All-Time High (ATH) number in the daily user stats. The growth of Twitter users has seemingly proliferated post-Elon Musk’s takeover. Musk also shared a detailed graph depicting the numbers starting from October 2nd to November 20th. Twitter added 1.6M daily active
November 22, 2022 1 min read
Celsius, the bankrupt crypto lender has received approval for the bar date on Jan 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities the held until July 13. That is before the date, the network went into bankruptcy. This week,
November 21, 2022 1 min read
FTX’s hack on November 12th has seemingly compromised many Defi platform’s in assistance with the organization. Serum, the crypto lending hub built over the Solana network has undergone forking for development. This is relatively a recompensive measure by the Solana developers. Solana co-founder, Anatoly Yakovenko’s tweet: Afaik, the devs that
November 14, 2022 2 mins read
Shiba Inu (SHIB), the meme token with a Japanese guard dog representation has become the talk of the town again. The dogecoin killer coin was one among the many other altcoins that suffered due to the fall of FTX.com. A few days back, whales shifted off nearly 1.5 trillion SHIB
November 12, 2022 2 mins read
BlockFi, one of the leading crypto lending firms has declared withdrawal halting “as per their terms”. The clients are furthermore restricted from depositing in BlockFi wallets and interest accounts. pic.twitter.com/zNF1uP6evl — BlockFi (@BlockFi) November 11, 2022 FTX’s financial struggle is snowballing along with its international counterparts. The bad effect of
November 11, 2022 1 min read
The tech sector’s most recent tussle is the massive layoffs in every other company. An increase in the inflation rate has pushed the firms to the corner of reducing the workforce count. The Kobeissi Letter, the leading commentator on the global capital market produced a summarization of the layoff percentages
November 9, 2022 1 min read
LUNC failed to support the algorithmic stablecoin (USTC) to peg the $ 1 value. The accusation of “price manipulation” is backed by the message conversation. Terra’s co-founder Do-Kwon is constantly under the radar of many international agencies since the historical fall of the cryptocurrencies, LUNA (now LUNC), and USTC. Both
November 4, 2022 2 mins read
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse division recorded a loss of $3.7 billion in the third quarter of 2022, which is around 1 billion higher than
October 27, 2022 2 mins read
The goal of “Creativity in the Metaverse” program is to support the startup ideas. The acceleration program will boost Meta & Loreal’s international market & brand reach. Meta, the global social media lead has partnered with the pioneer cosmetic firm L’Oréal to power the metaverse and web3 startup accelerator initiated
October 26, 2022 2 mins read
Elon responded the recession may last up to 2024 spring. Musk states “Still very unlikely, but this is the closest we’ve been since Cuba in ‘62”. Every first-world country and top business firm is still recovering from the coronavirus pandemic, to worsen their situation the global recession is also joining
October 22, 2022 2 mins read