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Apple’s Threat to Remove Twitter From Its AppStore Triggers Musk Outburst

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Apple’s threat to remove Twitter from its AppStore, has sparked a reaction from Elon Musk who has called out the company to explain the reason for its proposed plan.

In a recent tweet, Musk said, “Apple has also threatened to withhold Twitter from its AppStore, but won’t tell us why.

However, since Musk took over as Twitter’s CEO, Apple’s App Store has approved five updates to the Twitter app. This includes the addition of new features to Twitter Blue earlier this month.

Musk had previously stated that if Twitter is removed from Apple’s and Google’s app stores, he will make an alternative phone that can work with the platform.

After he had earlier alleged that Apple had paused its ads on the platform, he went ahead to ask if the company hated free speech in America.

“Apple has mostly stopped advertising on Twitter. Do they hate free speech in America”, he tweeted.

Meanwhile, despite Musk’s allegation against Apple regarding the suspension of its ad on the platform, Twitter users disclosed that they could still see Apple’s ads in their feeds.

Apple hasn’t responded to Musk’s claims, also Musk hasn’t shown any data to back up his claim. Phil Schiller, Apple’s long-time executive who oversees the app store, deleted his Twitter account after Musk reinstated the account of former President Trump, who was removed from the platform in the wake of the Jan. 6, 2021, attack on the U.S. Capitol.

Meanwhile, analysts disclose that a decision by Apple to suspend its Twitter ads would pose a major challenge for the social network, as reports reveal that Apple is one of the top advertisers on the platform.

In the first quarter of 2022, it spent $48 million, accounting for 4% of Twitter’s total revenue for the period.

Musk had also disclosed that Apple has made demands on Twitter’s content moderation. He posted a yes-no survey, saying, “Apple should publish all censorship actions it has taken that affect its customers.”

It is a known fact that Apple has strict rules for its app store, as it limits objectionable content which includes discriminatory content related to religion, race, and sexual orientation. It also restricts overly realistic violence and pornographic material.

Asides from Apple’s pullback on its ads, a number of large companies have also paused their ads on Twitter since Musk took over the company. The exodus included General Mills Inc. and Pfizer Inc., which Musk acknowledged that the defections led to a “massive drop” in revenue.

After his acquisition of Twitter, Musk has been carrying out a serious revamp on the micro-blogging platform which has sparked several controversies.

FTX Collapse Negatively Impacts Crypto Lender BlockFi

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The ripple effect of the FTX collapse has no doubt negatively impacted the crypto industry as crypto lender BlockFi has recently filed for bankruptcy.

The company on Monday filed for voluntary cases under chapter 11 of the U.S. bankruptcy code in the United States Bankruptcy Court, New Jersey district.

The crypto exchange platform disclosed that its reason for filing for bankruptcy was necessitated as it seeks to stabilize its business and provide the Company with the opportunity to consummate a comprehensive restructuring transaction that maximizes value for all clients and stakeholders.

BlockFi wrote on Twitter,

Maximizing value for all clients and other stakeholders is our priority. This process will help BlockFi to stabilize our business and provide us with the opportunity to work towards consummating a comprehensive restructuring transaction to maximize value.

As part of our restructuring efforts, we will focus on recovering all obligations owed to BlockFi by counterparties, including FTX.

Acting in the best interest of our clients is our top focus and continues to guide our path forward. Chapter 11 is a transparent process and we will continue to communicate with our clients to ensure they hear directly from us”.

The company’s financial advisor Mark Renzi disclosed that following FTX’s collapse, the management team swiftly swung into action to prevent its clients and the company from incurring losses.

BlockFi however clarified that the majority of its assets were not kept at FTX, but acknowledged that it has significant exposure to the crypto exchange platform. 

According to its bankruptcy findings, BlockFi subsequently borrowed $275 million from a subsidiary of FTX. This financial entanglement meant that when FTX filed for bankruptcy amid revelations of corporate missteps and suspicious management, BlockFi began to struggle too.

Also, a few days after FTX’s collapse, BlockFi notified its customers that they would not be able to withdraw their deposits due to its “significant exposure” to FTX, including additional funds the company had hoped to draw on under the agreement and other assets held on the FTX platform.

A Bloomberg report disclosed that BlockFi had to sell $239 million of its cryptocurrency to cater for its bankruptcy expenses while notifying about 250 of its workers of a possible layoff, after employing about 850 people last year.

In its bankruptcy filings, BlockFi still owes the Securities and Exchange Commission (SEC) $30 million, making the nation’s top securities cop its fourth-largest creditor.

FTX collapse has no doubt posed a major challenge to many of the industry’s stakeholders, as it operated at the center of the crypto ecosystem.

Many prominent institutional venture funds, and market makers were also not spared, as they had direct exposure to FTX based on their respective public statements.

Other than direct exposure to having assets on FTX, other centralized finance (CeFi) companies are currently experiencing a liquidity crunch. Crypto lenders such as BlockFi, SALT and Genesis, SALT, have since halted withdrawals, citing liquidity issues following FTX’s collapse.

Few Analysts disclose that the long-term effects of FTX collapse will be unfriendly, noting that the fallout will affect many early-stage projects backed by FTX and Alameda’s venture arms, as well as increasing regulatory pressure and also denting investors’ confidence.

As An Innovator, You Must Create New Paths

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As an innovator, during that phase of creating a new basis of competition, it could look lonely. Fascinating, category-defining innovators understand the power of going alone. In this Harvard Business Review piece, I explained why that is necessary: one single strategy bullet will not destroy your business even as the industry is distorted. When I wrote this article, I was co-designing an accelerometer for the iPhone, contracted to the company I worked at then. My mindset was on innovation.

‘For a long time, Ford, Chrysler, and GM followed the same strategy: they built big gas-guzzlers. Asian competitors attacked that model, took market share, and transformed the U.S. automobile industry.

‘Also for a long time, Yahoo and AOL offered email customers 4MB of storage. Google came out with Gmail and provided a free 1GB email account (250 times as much). Many switched.

‘In both cases, the new entrants attacked a reliable business model and disrupted a market in which the incumbents competed by cooperating, tacitly agreeing to procedures that ensured that the industry as a whole remained continuously healthy. Indeed, terms like “win-win” and “coopetition” are very common in our contemporary business lexicons.

‘But in many cases, firms fail to separate the necessity of preserving their industries from developing individual survival strategies. They become docile and follow one another. From wireless carriers to broadcast TV, casinos to airlines, we often see an ordered communality within industries. They move in packs regarding features, services, and prices.’ Unfortunately, when an innovator strikes, all of them could be taken down together. Hello Tesla to Ford/GM/etc. Continue in Harvard here.

 

The Triple Names of the New Governor of Osun – Quantum Understanding and Implications

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Apart from the fact that God created objects and living things for them to worship Him, He understands why they cannot be easily identified or isolated in the absence of names.

The concept of name has been discussed in various ways by literary writers, critics, and philosophers. In one of his novels, William Shakespeare, a well-known British writer, asks, “What’s in a name?” That which we call a rose would smell as sweet by any other name. This is Juliet’s line when she tells Rome that a name is nothing more than a name and that it is thus a convention with no meaning.” Name has been described as one of the factors for forming and nurturing identity from a philosophical and sociological standpoint. Objects and people are frequently named using cultural, familial, and historical indices, particularly in Africa.

The new governor of Osun state, like all other humans, was named by his parents a few days after his birth. Child is named using religious and cultural indices, similar to what is available in other Yoruba communities in Nigeria. This is why many Yoruba have names that are influenced by religion or culture. Ademola and Adeleke, for example, were chosen for the new governor based on cultural rather than religious considerations. The two names are solely determined by the royal ancestry of the parents, particularly the father. In both names, “Ade” means “crown,” whereas “mola” and “leke” mean “someone who joins others in riches” and “someone who leads a group or community,” respectively.

Despite the fact that these two names are associated with the new governor, it is important to remind the public that Adeleke is the name of his late father, indicating his (Ademola) surname. Available information indicates that the late Adeleke also named the new governor, Nurudeen, a Muslim (his father). Nurudeen is an Arabic name that means “light” (Nuru) and “religion” (Deen). Looking at the two divisions, it is clear that the name is good, and any practicing Muslim parent would be proud to give his son such a name.

Before adding Jackson, the new governor bore Nurudeen Ademola Adeleke for several years, at least during his childhood. According to available information, the new governor added Jackson to his name(s) after converting to Christianity. Jackson is an old English name that means “son of Jack” and “son of John,” according to several sources. According to the sources, using “John” as the basis for interpreting the name indicates that “God has been gracious.” As a result, the parents who named their child could be said to believe that God has been gracious to them.

While there is no genuine evidence that the new governor is not a Muslim, it is instructive to know that having more than three names is not illegal, according to our analyst. Meanwhile, having four names for official engagement appears absurd and causes public confusion. Without using the new governor’s father’s name (Adeleke), there is confusion about which of the names could be used for discussing or searching information about him.

Which is it, Jackson or Nurudeen? Jackson Adeleke produces results. Nurudeen Adeleke produces results. However, using Senator Ademola Adeleke in addition to Jackson or Nurudeen yields better results. So, what exactly is in the new governor’s triple names? The answer to this question was given briefly earlier with an explanation of the meanings associated with some of his names. Meanwhile, our analyst observes that as the new governor is described and represented in the news media, using these names interchangeably indicates confusion, which needs to be cleared up as soon as possible. The confusion started when the Independent National Electoral Commission announced his victory following the July 27, 2022 governorship election with “Senator Adeleke Ademola Jackson Nurudeen,” he must have filled out the nomination form using these names.

Confusion in the media

According to our analysis, the names have been used interchangeably on numerous occasions in the newspapers listed below. Senator Ademola Nurudeen Jackson Adeleke (Daily Trust), Senator Ademola Adeleke Jackson Nurudeen (Daily Trust), Senator Ademola Jackson Nurudeen Adeleke (Leadership), Senator Ademola Jackson Nurudeen Adeleke (The Nigerian Tribune), Senator Nurudeen Jackson Ademola Adeleke (Premium Times), Senator Ademola Nurudeen Jackson Adeleke (Premium Times); Senator Nurudeen Ademola Jackson Adeleke (Vanguard), Senator Ademola Adeleke (Vanguard), Senator Ademola Adeleke (The Guardian)

Our analyst concludes from the revealed insights that the new governor must select two of these names in order to avoid giving his administration a contradictory public image and level of engagement. The media team must also step up by providing the governor with a strong and strategic personal brand portfolio and by guiding media professionals, particularly those working for mainstream media organizations, through the values and standards associated with the portfolio.

Why are Klaytn (KLAY) and USDD (USDD) non-existent in today’s market compared to Snowfall Protocol (SNW)!

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The crypto market is a rapidly-growing industry that allows users to trade digital assets.

The Snowfall Protocol (SNW) token, which is based on Snowfall Protocol (SNW) platform, is one of the most promising young cryptos in the market. But what makes it better than Klaytn (KLAY) and USDD (USDD)? Read along to know more.

Klaytn (KLAY) down by over 95%

Built keeping the metaverse and gamers in mind, Klaytn (KLAY) is an enterprise-ready public blockchain platform. Klaytn (KLAY), which launched in 2019, facilitates simple blockchain interactions for thousands of KLAY token holders. Klaytn (KLAY) is a public blockchain project that provides a metaverse package and facilitates the creation and personalization of services for businesses within the blockchain ecosystem. Recently, the bear market has hit Klaytn (KLAY). Klaytn (KLAY) was one of the most well-known and profitable blockchain projects in the metaverse space. However, since reaching an all-time high earlier this year, Klaytn’s (KLAY) price has been steadily declining. To date, haKlaytn (KLAY) s shown no evidence of widespread adoption, which is making the price drop significantly. The current price of Klaytn (KLAY) is $0.179524. The price of Klaytn (KLAY) has dropped 95% from its all-time high of $4.38.

USDD (USDD) drops from its $1 anchor

After the collapse of a major cryptocurrency exchange, FTX, investor trust in the broader cryptocurrency markets has plummeted. Thus, the Tron network’s algorithmic stablecoin, decentralised USD (USDD), has also been affected. USDD (USDD) fell off its $1 anchor in the week of the collapse. Following last week’s deviation from a purported 1:1 exchange rate with the U.S. dollar, USDD (USDD) dropped to as low as 97 cents on some cryptocurrency platforms. Users of the decentralised financial system, Curve, can trade USDD (USDD) for other stablecoins like USDT, USDC, and DAI. However, the liquidity pool for USDD (USDD) is unbalanced, with USDD (USDD) making up about 80% of the pool’s assets. Due to this disparity, the USDD (USDD) exchange rate is likely to continue to fall. At the time of writing, one USDD (USDD) could buy about 99.5 cents worth of other stablecoins.

Snowfall Protocol (SNW) conquers the market

The Snowfall Protocol (SNW) token, used in Snowfall Protocol (SNW), is a promising cryptocurrency that is gaining traction and providing owners with a wide range of advantages. Snowfall Protocol (SNW) streamlines and secures user interaction with the DeFi and cryptocurrency markets. Snowfall Protocol (SNW) will allow millions of users to interconnect different blockchain networks. Snowfall Protocol (SNW) token performed well in phase one of the ICO process. As of late, Snowfall Protocol (SNW) has been making waves in the industry for supplying a huge number of tokens at a fair price. Snowfall Protocol (SNW) has a lot of promise, and it’s being developed by an experienced team of crypto experts. We recommend keeping an eye on and researching this endeavour. During the first presale, Snowfall Protocol’s (SNW) value increased by 150%. Snowfall Protocol’s (SNW) current price is $0.060, which is below its real worth, according to market analysts. Snowfall Protocol (SNW) has the potential to increase in value by 5000% or more upon launch.

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