Cryptocurrency Analysis and News Portal
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
Read More
Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk.According to multiple sources, Musk started massive layoffs at Twitter on Nov. 4, reducing the company’s workforce of 7,500 people. The CEO was speculated to cut as much as 50% of
Read More
David Schwartz, chief technology officer of Ripple Labs, told CryptoX in an interview this week that the goal is to enable mass adoption of tokenization – representing ownership of real-world things through NFTs – by offering lower costs, higher speeds and improved security over existing blockchains. Ethereum is among the
Read More
From reversible transactions to increased regulation and a rising tide
Read More
The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met.A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK)
Read More
Widespread adoption of Web3 mayeventually become a reality but Trust Wallet CEO Eowyn Chen foresees three main barriers standing in the way of mass adoption.During the Australian Crypto Convention on Sept. 18, Chen outlined how security, ease of use, identity, and privacy were all vital aspects to address for growth
Read More
Snapchat’s Spectacles AR glasses launched in 2016, three years after the company rolled out Lenses, its custom AR filters. Last year, the company acquired WaveOptics, the supplier of the AR displays used in Snap’s Spectacles, for more than $500 million, the company’s largest acquisition of 2021. Source
Read More
Every year, we see new blockchain networks being developed to tackle specific niches within certain industries, each blockchain having specialized functions based on its purpose. For example, layer-2 scaling solutions like Polygon are built to have ultra-low transaction fees and fast settlement times.The increase in the number of new blockchain
Read More
As a bear market sweeps the crypto industry, CryptoX is keeping a running list of industry players that have been forced to cut back on staff. Source
Read More
In February 2022, the Ukrainian government ran a crypto donation campaign to support victims of the Russian invasion. When the nation tried to reward those who had contributed to the fundraiser by sending crypto wallet holders complimentary NFTs, a slew of scammers took advantage of the government’s generosity, causing the
Read More