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Layoffs Still Ongoing at Twitter as Musk Terminates Employment of Few More Workers

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The layoffs at social media company Twitter has clearly not ended, as the company’s CEO Elon Musk on Thursday laid off a few more members of its workforce from its remaining public policy team.

A Twitter user Theodora Skeadas, who was a member of the company’s public policy team disclosed that she has been laid off while noting that team members who were not sacked during Musk’s takeover of the company have had their employment terminated.

She wrote,

Yesterday was my last day at Twitter, as half of the remaining Public Policy team was cut from the company. It’s hard to convey how fortunate I feel to have had this exceptional opportunity.

I am unbelievably proud of the work we did to protect people in global conflicts including Iran, Ukraine, and Libya. I am especially proud of my work in. Managing our Trust and Safety Council, until it was dissolved last week”.

The recent layoff by Musk has seen him terminate the employment of the remaining members of the public policy team. 

The team was responsible for interacting with lawmakers and civil society on issues including free speech, privacy, and online safety.

Meanwhile, reports disclose that Twitter’s public policy chief, Sinead McSweeney, had left the company before the recent layoff.

With a fresh round of layoffs, Twitter now reportedly has roughly 2,000 employees, down from 7,500 as of late September.

Recall that during Musk’s takeover of the company in October, he laid off thousands of employees in departments across the company, in a severe round of cost-cutting.

He later pushed out additional employees, including through an ultimatum requiring them to work hardcore or voluntarily  exit the company.

Musk however disclosed that the mass layoffs were necessitated to cut costs at the struggling company.

Meanwhile, sacked Twitter employees were not cool with the way he went about it as more than 100 former Twitter employees have filed demands for arbitration and are participating in proposed class action lawsuits related to the layoffs.

They are alleging that they were unfairly laid off, noting that Musk also terminated employees who were actively on medical or parental leave and reneged on promises related to severance pay. Some also claim that Musk placed “unreasonable demands” on Twitter’s workforce to shrink its staff.

The former employees suing Twitter scored an early win last week when a judge ruled in favor of their motion ordering the company to alert all laid-off employees of the pending lawsuits before requiring them to sign severance agreements waiving their litigation rights.

The conduct of Musk since he took over Twitter, has been described as incredibly egregious.

In the meantime, Musk may be considering finding someone else to head the social platform, after Twitter users voted over the weekend for him to step down as CEO. Musk tweeted this week that he would leave the top role “as soon as he finds someone foolish enough to take the job!”

High Trading Volumes on Optimism Blockchain Spark Speculation

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Mysterious transaction volumes on Ethereum scaling solution Optimism ($OP) have sparked speculation as to what happened to lead to such a significant transaction volume, as experts struggle to identify the cause.

According to on-chain analytics firm Santiment, Optimism saw a “massive spike” in stablecoin transaction volumes on its network, at the time the price of its native token $OP hit a local high. Sentiment Feed in a tweet highlighted reasons for the massive volume spike.

Per the firm, the average transaction volume for leading stablecoins USDT and USDC on Optimism is less than $10 million  When the price of $OP hit a high against $BTC last week, the transaction volume for these two stablecoins skyrocketed 9,900% to $1 billion.

Over the last 7 days $OP has mostly been ranging between $0.9111 and $0.9462, $OP is looking Neutral overall, Support still strong at $0.9382.

While it could have been liquidity mining or wash trading on a platform. Token velocity, a measure of how frequently a token changes hands over a given period, surged along with the transaction volume.

The number of active addresses on the network notably did not spike, and only maintained a “healthy trend.” Per Santiment’s data, it has been steadily growing over time but did not explode upwards, suggesting the spike wasn’t caused by an influx of new users.

However, Popular cryptocurrency wallet MetaMask recently announced that it is adding support for its Swaps feature on Layer 2 networks such as Arbitrum and Optimism. Previously, MetaMask Swaps were only available to Ethereum, Binance Smart Chain (BSC), Polygon, and Avalanche networks.

Optimism (OP) is a layer-two platform built on top of the Ethereum blockchain that aims to improve the scalability and accessibility of decentralized applications (dApps). It does this by using a technique called “optimistic rollups,” which allow dApps to offload some of their computation and data storage onto a separate layer, while still remaining secure and decentralized.

This technique enables low-cost, near-instantaneous Ethereum transactions by batching multiple transactions into one and settling them on the Optimism layer, with the data fed back to the main Ethereum network.

Relatively, Optimism’s Goerli Testnet is migrating to Bedrock on Jan. 12, 2023. Bedrock is Optimism, optimized after the Bedrock upgrade, Optimism mainnet will; Reduce transaction fees, Incorporate multiple proof include ZK proof and somewhat Optimize withdrawals feature.

Crypto giants Binance Coin (BNB) and Huobi token (HT) offer little transparency after FTX collapse whilst Snowfall Protocol (SNW) releases its secure governance-based token

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TEHRAN, IRAN - JULY 19: (RUSSIA OUT) Russian President Vladimir Putin leaves his presidential plane during the welcoming ceremony at the airport, on July 19, 2022 in Tehran Iran. Russian President Putin and his Turkish counterpart Erdogan arrived in Iran for the summit. (Photo by Contributor/Getty Images)

It’s no secret that the crypto industry is shrouded in mystery and oftentimes lacks transparency. This was most recently demonstrated when the popular crypto exchange, FTX, experienced a collapse, leaving many investors wondering what happened to their money. In the aftermath of the FTX collapse, two of the biggest crypto exchanges – Binance Coin (BNB) and Huobi Token (HT) – couldn’t offer much clarity to their investors.

This lack of information heightened the anxiety and uncertainty surrounding these exchanges, leading to price declines. On the other hand, Snowfall Protocol (SNW) rose to new highs despite the market conditions. In this article, we will discuss the current and future prospects of the Huobi token (HT), Binance Coin (BNB), and Snowfall Protocol (SNW).

Binance Coin (BNB) drops to major support levels

The crypto market is in disarray as a result of the lack of transparency surrounding Binance Coin’s (BNB) financial situation. The United States Department of Justice is looking into one of the ‘biggest’ cryptocurrency exchanges, Binance (BNB), for possible money laundering and sanctions violations. Since the FTX collapsed in November, its outsized role and impact on Binance Coin (BNB) have been under closer examination. Following the recent chaos, market participants are on high alert for any developments with the Binance Coin (BNB) trail. Additionally, fear among investors has emerged in the crypto market, majorly for Binance Coin (BNB). Binance Coin (BNB) dropped below its multi-month support of $252 when the cryptocurrency market crashed, and the price has been declining since. The outcome was a 16% drop in the price of Binance Coin (BNB), over the course of two weeks, beginning in the middle of December.

Huobi Token (HT) declines by 86%

Huobi token (HT) is one of many tokens that have been the most impacted in value alongside the cryptocurrency market this year. After it was discovered that a wallet associated with Huobi Token (HT) had transferred 10,000 ETH to deposit wallets at Binance and OKX in November, the market crashed. This was mainly due to the collapse of the FTX (FTT) exchange, sending Huobi Token (HT) to a low of $3.91. Since last Sunday, the value of a Huobi Token (HT) has dropped by 15.13%. Additionally, Huobi Token’s (HT) current price of $5.28 is 86.72% less than its all-time high of $39.81. According to market watchers, a large downward correction would have been triggered by a price drop below $5.50, which the token has already surpassed. Huobi Token’s price forecasts for the next two years are generally pessimistic, with some analysts predicting prices in the $0.7-$4 range.

Snowfall Protocol (SNW) raises over $3 million in two months

Since its introduction, Snowfall Protocol (SNW) has been the talk of the crypto space amongst savvy investors and market analysts. The goal of Snowfall Protocol (SNW) is to create a distributed, trustworthy infrastructure for apps and services. Snowfall Protocol (SNW) allows users to transfer assets easily and quickly with its one-of-a-kind bridging technology. Snowfall Protocol’s (SNW) remarkable performance may be traced back to these cutting-edge capabilities from its presale introduction two months ago.

Snowfall Protocol (SNW) has had two incredibly successful presale rounds so far, bringing in a total of $3 million. Snowfall Protocol (SNW) tokens in the second round were in such high demand that they sold out ahead of schedule. The third presale round of Snowfall Protocol (SNW), which began at the beginning of this month, has also been quick to announce enormous progress. In just a few weeks, the value of a single SNW token has climbed by 400%, from $0.005 to $0.14. Snowfall Protocol (SNW) is all set to launch at a price of $0.24 by next month.

get in while you can and invest in Snowfall Protocol (SNW) today!!!

 

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Big Eyes Coin, Tezos, And Chain Link: Possible Wealth-Increasing Christmas Crypto Purchase To Consider

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The holiday season is characterized by increased activity in the crypto market. Market players are trading and exchanging different crypto assets in a bid to make the new year a happy one. The ultimate goal for every crypto investor in the coming year will be to finish the year better than they are currently. One of the metrics to measure this goal is wealth increase.

Any market player looking to benefit from the crypto market’s profitability must identify great altcoins with huge financial prospects. A few cryptocurrencies out of the 10,000+ in the crypto market would have a great year, and major crypto assets like Chainlink (LINK) and Tezos (XTZ) could be a part of them. The altcoins are tipped to be wealth-increasing purchases alongside Big Eyes Coin (BIG), a promising new cryptocurrency that could bring high returns for holders.

Chainlink (LINK)

Chainlink was launched to ensure seamless and secure interaction of blockchain networks with external systems. These systems may be data feeds, payment platforms, or events. The data processing platform achieves this by permitting off-chain smart contract integration.

Chainlink is open-sourced and has numerous participants performing different functions on the platform. Some of the activities on the blockchain network include data provision, security auditing, node operations/ transaction validation, and smart contract development, among others.

Being a node operator on the platform is rewarding, as you earn passive income for playing an important role. Users will also be able to earn by staking the platform’s native token, LINK. This is a new feature on the platform, and it’s aimed at improving the platform’s security and benefits.

Chainlink (LINK) has about $2 billion market capitalization, indicating that it’s a valuable crypto asset. Analysts believe its decline in the current year is due to the bear rally, and the cryptocurrency could surge again in the coming year.

Tezos (XTZ)

Tezos is a future-proof smart contract platform providing great support for web3 developers to build beneficial and beneficial infrastructures that can stand the test of time. The decentralized protocol leverages Delegated Proof-of-stake (DPoS) consensus algorithm to keep its protocol safe, secure, and highly efficient.

Tezos is built to resist hard forks and promotes easy interaction between users without any intermediary. The blockchain protocol runs a DAO, allowing token holders to participate in governance and decision-making processes. Tezos token (XTZ) gives holders voting rights; the more tokens you hold, the more rights you have.

Users can increase their Tezos (XTZ) holdings through staking. Tezos unique staking mechanism ensures users enjoy financial incentives and are equally compelled to make unbiased contributions to the DAO. Tezos (XTZ) looks to increase its prominence and market reach in the coming year, which could cause the crypto asset to rise in value.

Big Eyes Coin (BIG)

Big Eyes Coin is a DeFi meme coin with unique cute cat non-fungible tokens (NFTs) collections. These NFTs will play vital roles in the blockchain ecosystem and positively impact holders’ financial status. As a Big Eyes Coin NFT holder, you’ll have access to exclusive NFT events, content, and membership. The collections will also improve in worth, bringing profits to holders as time goes on.

Big Eyes Coin’s NFTs application will improve the meme coin’s value. It will be equally helpful in DeFi shifting more wealth to the ecosystem. The Big Eyes Coin ecosystem will be shopping-tax-free. This implies that users won’t need to pay additional Big Eyes Coin (BIG) fees for buying or selling in the platform’s marketplace or exchange.

The crypto project judiciously allocates its supply, with a large percentage going to presale and others shared to charity, marketing, and exchange. The charity funds will be directed at protecting oceans and preserving sea life. This will increase the meme coin’s popularity. Big Eyes Coin (BIG) will likely have a great year, and joining its presale now could help you profit from the predicted good run. 

Use this promo code for extra BIG tokens: Ocean389

 

Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Step Aside Ethereum Classic And Vechain – Big Eyes Coin Is Here With A Massive Disruption Into The Crypto Space

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The upcoming meme coin Big Eyes Coin (BIG) is about to hit the market and has attracted a lot of attention. Will it surpass Ethereum Classic (ETC) and VeChain (VET)? Let’s analyze these projects!

Ethereum Classic (ETC): The Classical Version of Ethereum (ETH)

The original unmodified version of Ethereum, Ethereum Classic (ETC), was created by a hard fork in 2016. Created in response to the massive ETH DAO (Decentralized Autonomous Organization) hack after losing 3.6 million tokens. Although the main blockchain has been updated to remove the DAO hacking transaction, ETC has an unaltered Ethereum history. Similar to ETH, this hard fork also supports smart contracts and dApps for DeFi (decentralized finance) applications. However, to validate the transaction, it runs on the original PoW (Proof of Work) protocol. With a market cap of over $2.6 billion, ETC was also among the top 25 cryptocurrencies globally. It is trading below $19.25 compared to the ATH of $176.16 reached last May.

What Makes VeChain (VET) So Desirable In The Crypto Space?

The VeChain blockchain is a decentralized platform that helps businesses scale and improve their supply chains. The VeChain network supports building decentralized applications (dApps) and provides developers with the tools they need. A new project can also utilize VeChain to organize its ICO. VeChain (VET) uses Proof-of-Authority consensus. It ensures that the platform remains efficient and secure while being beneficial to users.

It is a dual token platform, with each token performing a different function. VET is used to pay transaction fees and can be used as a cryptocurrency to store value. As of writing this, VET has a market capitalization of more than $1 billion, and it ranks among the top 50 cryptocurrencies globally. Token holders, who hit record lows in 2020, will be able to enjoy solid profits, and they’ll likely make the same next year.

Is Big Eyes Coin (BIG) Equipped With Any Usability Features?

Big Eyes Coin (BIG) is an upcoming crypto project aiming to revolutionize DeFi and meme coins. A meme coin based on an adorable cat with “Big Eyes” works on Ethereum. It plans to utilize NFT (Non-Fungible Token) technology to transfer wealth into the DeFi ecosystem. It also wants its holders to prosper while focusing on the community and donating to charities to save the oceans. Furthermore, the token supply has reached 200 billion, 70% of which is currently on presale. 5% of tokens are reserved for charity wallets. Phase 7 presale is still in progress.

You can purchase BIG from the presale page. At this stage, he gets 3181.82. After the presale ends, you can claim your BIG Tokens. To purchase, you must have sufficient funds in your crypto wallet in ETH, BNB, or USDT. Overall, BIG is an upcoming project with great potential beyond ETC and VET. To date, it raised over $11 million in presale funding. Additionally, the project has received green flags from top crypto auditors Solidity Finance and CoinSniper. Plus, you can use the code Ocean728 for a bonus.

For more information on Big Eyes Coin (BIG), you can visit the following links:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL