Elon Musk set to 'welcome' back more than 62,000 banned accounts on Twitter

According to a report from Platformer, Twitter is now in the process of reinstating around 62,000 banned accounts that each have more than 10,000 followers. This total includes one Twitter account that has more than 5 million followers, and 75 accounts that have more than 1 million followers,

Coinbase Wallet App will delist BCH, ETC, XLM and XRP due to low usage

Coinbase wrote: As of December 5th, 2022, Coinbase Wallet will no longer be supporting the following assets and networks due to low usage: BCH, ETC, XLM and XRP. This does not mean your assets will be lost. They added: In order to view or transfer these assets after Jan. 23rd,

Crypto users are offloading G-Wagons and luxury cars in record numbers after the FTX crash

Per NYP: The bankruptcy filing of crypto firm FTX hhas resulted in crypto investors reportedly selling their luxury cars like hotcakes and it could be affecting the resale value of the market, reports the New York Post. Some of the most popular models that people buy up when they come

Twitter is no longer enforcing its Covid misinformation policy

Per CNN: Twitter  will no longer ban Covid misinformation. Previously, Twitter prohibited "harmful misinformation" around Covid. 11,000 accounts were reportedly suspended, per CNN. Twitter said in an informal change on its note: "Effective November 23, 2022, Twitter is no longer enforcing the COVID-19 misleading information

EQRXW Stock Plunged: Here’s What Happened

The Situation EQRx Inc (NASDAQ: EQRXW) shares -- a pharmaceutical company committed to developing and delivering medicine for diseases including cancer and immune-inflammatory conditions -- plunged on Tuesday after the resignation of a member of its Board of Directors. As of 12:00 PM, ET EQRx shares dropped by 21.41%

Elon Musk Expects Managers to Identify Low Performers Regularly

Per Zoe Schiffer from The Platformer Elon Musk's $44 billion acquisition of Twitter was met with layoffs after layoffs, and now, the new CEO is requiring managers to identify low performers regularly. Employees identified as low performers will be given up to four weeks to improve or be

FTX Founder Sam Bankman-Fried Sued by BlockFi Over Robinhood Shares Allegedly Pledged as Collateral

Per FT Sam Bankman-Fried, the founder of FTX, is being sued by BlockFi over allegedly pledged Robinhood shares as collateral. The lawsuit comes after the crypto company seeks bankruptcy protection. The lawsuit alleges that SBF pledged his Robinhood shares as collateral just days before FTX collapsed and came just

FTX Resumes Salary Payments After Filing for US Bankruptcy Court Protection

Per Reuters Employees of FTX will be protected during the bankruptcy process and are guaranteed to receive salary and benefits. This is effective for all FTX employees worldwide. Employees are still entitled to cash payments for pre- and post-petition periods, subject to the Bankruptcy Court's limitations. Sam

Elon Musk is Considering Increasing 280-Character Limit on Twitter to 1,000, Saying 420-Characters is a 'Good Idea'

Per Business Insider After Elon Musk's $44 billion acquisition, the new Twitter CEO constantly looks for new ways to improve the platform. One of these ways is by potentially increasing the word limit. While Twitter is well known for its character limit, some users feel its effects on

Elon Musk considering increasing to 420 character Twitter limit

Elon Musk tweeted that it was a good idea to increase limits to 420. That same day, he stated that increasing the limit to 1000 characters may be worthwhile, stating, "It's on the todo list." Numerous users on Twitter noted their support for it. Others stated

Crypto exchange Bitfront shuts down

Per Reuters: Bitfront has shut down. It was originally with Line, a Japenese social media firm. It stated that it is unrelated to FTX or other exchanges working with misconduct. Notably, this month, it had filed for Chapter 11. Read more from breaking news: https://www.reuters.com/technology/crypto-

CINC Stock Plunged: Here’s What Happened

The Situation CinCor Pharma Inc (NASDAQ: CINC) shared -- a clinical-stage biopharmaceutical company that aims to advance clinical candidates with a focus on cardiovascular, metabolic, and kidney diseases -- plunged on Monday after the Phase 2 trial of its hypertension treatment didn’t meet primary endpoints. As of 12:00 PM,

BlockFi Files for Immediate Chapter 11 Bankruptcy

Per Decrypt BlockFi files for Chapter 11 bankruptcy protection as it lays off a large portion of its staff. The platform initially halted withdrawals on Nov 11, when FTX filed for bankruptcy. The crypto lending platform took a $400 million credit line from FTX US and laid out terms for

OnlyFans CEO Doesn't See Slowdown Despite Inflation Saying They Have No Plans to Become Public

Per Axios OnlyFans CEO Amrapali "Ami" Gan and chief strategy and operations officer Keily Blair said they don't see any slowdowns as their platform continues to grow. When asked about a potential IPO, Ami Gan said, "We're happy being privately held, and we

Elon Musk Wants Paid Subscriptions to Result in 50% of Twitter Revenue

Per Business Insider and NYT Elon Musk wants half of Twitter's total revenue from paid subscriptions. The new CEO believes this decision would help with conversations, and credit card payment could help eliminate bots. Before shutting down, Twitter Blue already had 140,000 paying subscribers as of November

Bahama's Attorney General Says Country is Still Safe to Operate Business In While Urging Authorities to Exercise Restraint

Per CoinDesk Bahama's attorney general Ryan Pinder stated to investors and tourists saying the country is still a safe place to visit and operate business. The attorney general said they decided not to engage with speculation or gossip but instead "proceed methodically and deliberately" in accordance

Elon Musk Predicts Over a Billion Twitter Users by 2024

Per Business Insiders Elon Musk predicts that Twitter could have over a billion users by 2024. The CEO replied to a tweet pointing to "what failure looks like to the left," saying he sees the platform on the path to exceed a "billion monthly users in 12

Numerous areas in China are protesting the Covid zero lockdowns

Per Fox: Chinese protesters reportedly fought against Chinese Communist Party's zero-COVID policy increased. Thousands have been reportedly sent to Covid camps. Numerous protests popped up in Beijing and Shanghai. Doors were reporteldy welded shut. In Guangzhou, officers fought with protesters, per various social media films. Read more

Prices for the most popular pre-owned Rolex, Patek Philippe and Audemars Piguet watches will fall further

Per Bloomberg: Pre-owned Rolex, Patek Philippe and Audemars Piguet watches will drop further, analysts at Morgan Stanley said in a report. It is estimated they will drop by at least 21%. Patek Philippes are down 19% themselves. Prices will probably keep falling due to a “dramatic” increase in supply,

Home buyers need to make tens of thousands of dollars more now to afford a typical home

Per Inquirer: Households needs at least 100K to buy a typical home for sale, according to a report by Redfin. In October, people needed to make $107,000 annually, 46% up from from about $74,000 a year earlier,  according to Redfin. Increases in home prices and mortgage interest rates

Buy now, pay later is driving Gen Z into debt

Per Bloomberg: Reports that numerous Gen Z are going into debt. The numbers aren't exactly clear, and largely anecdotal. Notes that this surged in popularity in Covid. AFRM is down largely this year. See full article: https://www.bloomberg.com/news/articles/2022-10-28/buy-now-pay-

IRS has stated that Americans must report payments on Venmo, PayPal over $600

Per MarketWatch: The Internal Revenue Service will charge up $600 on Venmo and PayPal. Individuals must fill out a Form 1099-K. Reportedly the attempt is to focus on gig work.  Previously 1099-K report was at least 200 transactions totaling an aggregate of at least $20,000. Now it

FTX donated $1 million to the Super-PAC linked to Mitch McConnell, The Senate Leadership Fund, on October 27 just days before FTX declared bankruptcy

Per Bloomberg: FTX US gave a $1 million donation on Oct. 27 to the The Senate Leadership Fund. The super-PAC spent $239 million in the midterms on behalf of Republican candidates, according to OpenSecrets. FTX US also gave $750,000 to the Congressional Leadership Fund and $150,000 to

Elon Musk has said he’d "make an alternative phone" if Google and Apple remove Twitter from their App Stores

Liz Wheeler said to Elon: If Apple & Google boot Twitter from their app stores, @elonmusk [https://twitter.com/elonmusk] should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy,

DCG Founder Reveals $2 Billion Debt While Trying to Calm Investors After FTX Fiasco

Per CNBC DGC founder Barry Silbert tries to address the "noise" about DGC's subsidiaries; Genesis, Grayscale Investments, and Foundry. The founder tries to calm investors by saying the company is on pace to generate $800 million in revenue this year while having a $2 billion debt.