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Elon Musk intends to fire over 7,000 Twitter employees in the coming months. Twitter’s current management is also planning to reduce the company’s payroll by about $800M. Elon Musk, Tesla Motors CEO intends to cut the majority of Twitter’s workforce. According to recent reports from The Washington Post, the billionaire
Saga includes the SMS, a web3 layer for Solana built on the phone. Web3 phone would provide digital ownership rights to users and firms rather than charging the 30% tax. Solana declared in June that it was launching a web3 phone, called the “Saga.” following that, in a recent TechCrunch
Dubai, UAE, 11 October 2022, LooBr.com has taken creation, display, and trading of NFTs to a whole new level. As a general understanding and use of NFTs has increased, LooBr has emerged as the first truly comprehensive marketplace that combines numerous media – as well as highly advanced features –
As per South Korean authorities, Do Kwon left Singapore last month for Dubai. 4,400 former Terra investors started searching for Kwon, following the actions taken by South Korea. Do Kwon, the CEO of Terraform Labs, left Singapore last month for Dubai, claimed by the South Korean authorities. According to the
Jim Rogers says the upcoming recession must be the worst in his lifetime. Consumer Price Index in September surged to 8.1%. In a recent interview, Jim Rogers, an famed investor who launched the Quantum Fund along with billionaire investor George Soros, warns that the bear market will only get worse
Tesla’s net income (GAAP) for the third quarter of 2022 was $3.33 billion. In the third quarter, Tesla (TSLA) didn’t sell any of its bitcoin holdings. Tesla reported adjusted earnings per share of $1.05, exceeding the $1.00 consensus of analyst estimates submitted to FactSet, on revenue of $21.45 billion, falling
Valkyrie recently said that the biggest participant in the funding round had defaulted. The crypto platform previously announced that it had raised $11.15 million. Valkyrie Investments, a leading financial service firm has lost its largest investor in its $11 million funding round. Earlier this month, Valkyrie revealed that the biggest
According to GWR’s report, Bitcoin is the “First decentralized cryptocurrency.” Bitcoin (BTC) is down 1.08% and is now trading at $19,204. Bitcoin, Satoshi Nakamoto’s cryptocurrency and blockchain network, has been widely praised and acknowledged by both online and offline media outlets. Because of bitcoin’s status as the “first decentralized cryptocurrency,”
Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “wanted” Terraform Labs founder, Do Kwon accepts full responsibility for Terra’s demise. In a recent interview, Do Kwon addressed the Terra collapse and the
A legal framework governing cryptocurrencies was first adopted in Japan. After Terra Luna collapsed in 2022, a bill was passed allowing licensed banks to use stablecoins. The Japanese government endorsed a cabinet decision to revise six laws related to the Foreign Exchange Act to resist money laundering. The bill tightens
