It’s been a rollercoaster year for Crypto from meme coin pump and dumps to a $2 trillion crash. And just when you think you can take a sigh of relief, buckle in because we’re about to hit the drop.
Yesterday, in the latest shockwave to the crypto world, Binance, the largest crypto exchange in the world, announced its intent to buy one of its main rivals, FTX.
FTX, once valued at $32 billion was (seemingly overnight) on the verge of total collapse due in large part to rumors of FTX’s finances, which led to massive withdrawals totaling over half a billion dollars according to crypto research firm Nansen. Naturally this led to an even greater demand for withdrawals, which led to FTX issuing a halt, compounding their problems.
What does this mean for crypto? Well, in the short term it means more pain for the markets with Bitcoin dropping a whopping 10% and Ethereum going even further and dropping more than 17%. In the long term, it’s anyone’s guess but this could affect the U.S crypto regulation discussions and it settles any doubt that Binance is truly the powerhouse of crypto — for now anyway.
To buy or not to buy? As they say, the best time to buy is during the dip. But what if you didn’t have to buy at all? Lolli recently dropped their mobile app that rewards you with crypto.
The concept is simple: Go about your day and if you shop online or in-store at 10,000+ plus stores, Lolli will give you up to 30% in Bitcoin or cashback rewards. Of course, we definitely wouldn't blame you for skipping the coaster. What do you think? Is it worth the...
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Another gloomy day in the tech world as Meta announced its first ever round of layoffs: 13% of their 87,000 strong workforce; 11,000ish people.
We explored why layoffs are shaking the tech industry, and it’s no different when it comes to Meta. Plus, the company has been struggling to find direction as its flagship platform, Facebook, hemorrhages young users, while it doubles down on the metaverse. $80 billion was wiped from its market value after news of a poor Q3.
Despite the constant cycle of big tech layoff news, companies are still hiring, especially startups. Discover your next role here.