On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter will transition to a private company. Musk Acquires Social Media Platform Twitter — Aims to Enhance Free Speech and Unlock Twitter’s Potential Tesla’s Elon Musk officially acquired Twitter on April…
Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It could be summed up as letting crypto firms explore the boundaries of what is permissible by themselves and then punishing industry participants in case their exploratory actions come to look like a transgression.…
In a remarkable turnaround, the board of Twitter has accepted Elon Musk’s $44 billion bid to buy the social media company—roughly a week after rejecting the billionaire’s buyout attempt. Musk, the CEO of automobile maker Tesla and SpaceX, earlier this month announced he had a 9% share in the company and was set to join the Twitter board. He later…
Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued since March 1. Meanwhile, China has been struggling to contain…
Social media giant Facebook’s parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space. In a Monday announcement, Meta said it would be opening a retail store in Burlingame, California on May 9 aimed at providing interactive demos for the company’s hardware products, including virtual reality headsets, video communications…
Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection called Moonbirds has bolstered most…
Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. Source: https://cointelegraph.com/news/price-analysis-4-25-btc-eth-bnb-xrp-sol-luna-ada-avax-doge-dot
The New York state legislature might ban Proof-of-Work (PoW) crypto mining in the state for at least two years, citing environmental concerns. Over the past weekend, on April 23 and 24, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation — rang the alarm over the upcoming vote in the New York Assembly. The state…
In brief The Bored Ape Yacht Club Instagram account was hacked and used to briefly share a link to a scam that stole Ethereum NFTs from connected wallets. In total, 91 NFTs were apparently stolen with an estimated total value above $2.8 million. The official Instagram account for the Bored Ape Yacht Club was hacked on Monday, and it shared…
Fort Worth will vote on a bill intended to strengthen the bitcoin mining industry of Texas tomorrow. The Texas Blockchain Council is set to donate three bitcoin miners to the City Council.The donation will signal the start of a 6-month trial period in which the City Council of Fort Worth will begin mining bitcoin. Fort Worth, Texas is set to…
