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Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’ – Featured Bitcoin News

Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn.” Twitter Could Go

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A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive – Sponsored Bitcoin News

sponsored This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is a cryptocurrency that serves a specific purpose within

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Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption

Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain.According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele Foletti cited El

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Pantera Capital’s CEO suggests Blockchain growth will continue despite economic turmoil

The economic landscape may seem dire at the moment, but it's unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the

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World Economic Forum launches coalition to use web3, blockchain for positive climate action

The World Economic Forum is launching a new public-private partnership to leverage web3 technologies to better support positive climate outcomes as awareness over blockchain technologies’ impact on the environment picks up steam. The Switzerland-based non-government organization on Wednesday announced the Crypto Sustainability Coalition, consisting of 30 partners within the intersection of sustainable

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