Meta reportedly plans large-scale staff layoffs
According to reports, Facebook and Instagram’s parent company Meta are preparing for “large-scale layoffs” this week due to rising costs and a recent decline in its share price. The planned layoffs could affect thousands of workers across Meta’s 87,000-strong workforce, according to a Wall Street Journal (WSJ) report from Nov. 6 that cited people familiar […]
Anatoly Yakovenko addresses Solana blockchain reliability issues
Anatoly Yakovenko, a co-founder of Solana, in response to the various network downtime the blockchain suffered in the past months stated that different recent modifications will aid the blockchain in resolving these problems. On Nov. 5, Yakovenko spoke about the blockchain’s past and future in Lisbon, Portugal at the Breakpoint 2022 annual conference , pointing […]
Binance to sell off all of its FTX Token holdings
Binance CEO Changpeng Zhao cited “recent revelations” as the basis for the liquidation, stating the sale of FTX tokens might take months. Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, announced that his company would liquidate all of its holdings in FTX Token, the native token of rival exchange FTX. Zhao stated that the […]
OpenSea releases “on-chain” mechanism to impose NFT royalties
The CEO of OpenSea announced the debut of a new tool in the marketplace that will enable authors to deliver “on-chain enforcement” of their royalties. OpenSea, a nonfungible (NFT) marketplace, appears to have weighed in on the issue of NFT royalties by introducing a new “on-chain” tool to assist producers in enforcing royalties. While other […]
SBF contributes significantly to US midterm elections
According to Open Secrets, SBF reportedly spent approximately $40 million primarily supporting Democrats during the current election campaign. Before the 2022 midterm elections, crypto millionaire and FTX creator , Sam Bankman-Fried acknowledged being a “major donor” to both sides of the political aisle. SBF informed his Twitter followers that he had contributed to electoral campaigns […]