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 Read More
Bernstein forecasts monthly active users for the Ethereum stack to jump to about 500 million by 2032 from around 8.5 million currently.
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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 Read More
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 Read More
It may not have been Tulip season in the Netherlands, but there was a palpable buzz at the picturesque Westerpark, which played host to the Bitcoin Amsterdam 2022 conference.Prominent speakers from all corners of the Bitcoin (BTC) ecosystem drew in a healthy number of attendees across the two days of Read More
Although the cryptocurrency market appears to grow in a positive feedback loop, that does not mean that (un)expected events may not impact the trajectory of the ecosystem as a whole. Although blockchain and cryptocurrencies are fundamentally meant as ‘trustless’ technologies, trust remains key there where humans interact with one Read More
Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterday’s trading session, the Read More
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 Read More
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 Read More
Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no bones about this one. Read More