One of the most extensive layoffs in the US this year, Meta announced it would lay off more than 11,000 people or 13% of its entire staff.
The letter from Mark Zuckerberg to the Meta staff
Zuckerberg stated that he was implementing “some of the most challenging adjustments we’ve ever made in Meta’s existence” in a statement sent to staff members on Wednesday morning.
CEO and co-founder of Meta, Mark Zuckerberg, wrote in a blog entry on the company’s official newsroom:
Cryptocurrency newswire platform Chainwire bags nine awards from G2
Chainwire has received nine excellence awards from G2, a leading software marketplace. The badges were assigned in G2’s Fall 2022 report based on the responses received from real users featured in its quarterly review form. The awards earned by Chainwire include Highest User Adoption, Best Performer, and more.
Chainwire receives 9 Excellency Badges
Chainwire, a cryptocurrency, and blockchain press release distribution service, has been awarded nine excellency badges by the G2 software marketp
Binance custody integrates NEAR protocol into its infrastructure
Binance Custody integrates the NEAR protocol and its native NEP-141 $NEAR token. This development is an attempt by NEAR protocol to provide secured custody for growing its layer one ecosystem native token (NEP-141).
NEAR protocol believes this will open doors for budding projects intending to build on the NEAR blockchain conveniently.
In reaction to the latest developments, NEAR protocol, via its official website, expressed excitement and optimism. It said:
Ledger partners with Solana Mobile to enhance security features
Popular global technology provider Ledger is partnering with Solana Mobile to build easy-to-use, secure Web3 experience for Solana Mobile users.
Ledger collaborates with Solana Mobile
Leading crypto infrastructure builder Ledger has announced a new collaboration with Solana Mobile, a subsidiary of Solana Labs, to enhance Web3 security features for Solana Mobile users. The two crypto firms made the big reveal earlier today, the 7th of October, on Twitter.
How bitcoin technology is affecting the finance industry
In the aftermath of the global financial crisis of 2008, a fantastic innovation in the name of Bitcoin emerged. The mysterious technology developer, Satoshi Nakamoto, wanted to provide an alternative to the traditional payment system. With Bitcoin, people would no longer have to worry about government control and the interference of banks and other financial institutions in their financial transactions and dealings.
Today, the reality of digital currency is here. Whether it is mobile money or d
More banks embrace cryptocurrency after trying to kill bitcoin
When Satoshi Nakamoto launched Bitcoin in 2009, it did not seem like anything worth consideration. At first, Bitcoin remained relatively unknown, with limited interest in it. Yet, this was the fuel it needed to finally become the most popular cryptocurrency with over 300 million users today.
Bitcoin is just one among many cryptocurrencies that have since emerged. Cryptocurrencies have become increasingly popular, and this is what initially caused banks to worry. When cryptocurrencies began to
Japanese banking giant’s subsidiary set to adopt Bitcoin in 2023
By the first quarter of 2023, Laser Digital, the bitcoin and cryptocurrency-focused division of Nomura, will allegedly introduce an institutional trading platform. A bitcoin trading platform for institutional clients is expected to go live in 2023.
According to a report from Blockworks, Laser Digital, the recently established cryptocurrency division of Nomura, Japan’s largest brokerage and financial bank, aims to hire many more people to expand its range of services.
Binance moves to liquidate FTX token holdings as open interest in FTT futures doubles
This week, FTT has attracted some notice. Users of BitMEX can trade FTT with up to 50x leverage through our FTTUSD and FTTUSDT listings starting at 12:00 UTC today. Quanto Contract Specs for FTTUSD.
FTT listings margined by Tether and Bitcoin
Regardless of the FTT/USD pricing, the FTTUSD product, like all other Quanto contracts, has a fixed Bitcoin multiplier. Due to this, traders can buy or sell FTT without touching either FTT or USD.
As the FTT/USD exchange rate fluctuates, traders can post
FTX’s native token FTT continues to plummet as rumors about the crypto exchange’s possible insolvency continue to make the rounds.
FTT plunges 25%
The price of FTT declined more than 25% on Tuesday, falling from $21.83 to $15.40 in the space of three hours amid a continued selloff of the exchange’s native coin. FTT has since rallied slightly to above $17 but is still down more than 20% in today’s trading period. Despite the rally, FTT has lost almost $600 million from its market capitalization