Grayscale cites security concerns for withholding on-chain proof of reserves
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.” In a Nov. 18 Twitter thread addressing investor concerns, Grayscale laid out information regarding the security and storage of its crypto holdings and said all crypto underlying its investment products are stored with Coinbase’s custody service, stopping short of revealing the wallet addresses. 6) Coinbase frequently performs on-chain validation. Due to security concerns, we do not make such on-chain wallet information and confirmation information publicly available through a cryptographic Proof-of-Reserve, or other advanced cryptographic accounting procedure. — Grays...
#BlackPlanetBack: Will Twitter’s Downturn Spark New Interest In BlackPlanet?
Written By D.L. Chandler , Senior Editor Posted 10 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first...
Elon Musk’s Twitter Bans Employees From Entering Company Offices Until Monday
HipHopWired Featured Video Source: NurPhoto / Getty Elon Musk’s Twitter epic downfall due to his incompetent leadership continues. Twitter informed the employees who are bravely still sticking with the company that they would be locked out of its offices until Monday. Multiple news sources reported that Twitter offices were closed effective immediately. No reason for the decision was shared at the time, but there are speculations. Musk’s team made a similar move during the mass layoffs “out of a concern for safety and an apparent fear that exiting employees could attempt to sabotage the company on their way out,” per ABC 7 Eyewitness News. Some feel this closure of the Twitter offices is happening for the same reason. In the message announcing the closing of Twitter offices, employee...
Black Twitter Pours One Out For The Social Media Network Amid Rumors Of Shutdown
Written By D.L. Chandler , Senior Editor Posted 2 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first ...
Twitter closes offices, staff resign while users eye decentralized options
Elon Musk has been shaking the Twitter tree since he took over the micro-blogging platform in late October. His latest move has resulted in an exodus of employees and office closures. Earlier this week, Musk issued an emailed ultimatum to Twitter staff saying that they need to commit to “working long hours at high intensity,” or clear their desks by Thursday, Nov. 17. A large number of them have taken the second option which is understood to include three months’ severance pay, resulting in the company temporarily closing its offices as hundreds of employees have walked out, according to reports. Twitter also announced it was temporarily suspending all badge access until Monday, Nov. 21, asking staff to “refrain from discussing confidential company information on social media, with the pre...
Because Duh: Balenciaga Exits Twitter After Elon Musk Purchase
HipHopWired Featured Video Source: Joshua Bright / Joshua Bright The mass exodus from Twitter continues. Balenciaga is the latest brand to leave the platform. As per Hypebeast, Balenciaga is no longer on the social media app and all signs are pointing that the recent move is due largely in part to its new ownership by Elon Musk. This exit is not the first, and probably not the last, notable brand to leave or totally divest as companies like General Motors have decided not to use the tool to communicate to consumers. Additionally, some high-profile celebrities have deactivated their accounts as well, including Whoopi Goldberg, Gigi Hadid and Toni Braxton. Back in October, Musk finally bought out Twitter and since then the acquisition has left a poor impression on a large number of their use...
FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the erratic series of tweets from former CEO and founder Sam Bankman-Fried. The official Twitter account of FTX on Nov. 16 tweeted a statement from Ray addressing Bankman-Fried’s recent public statements, reiterating he “has no ongoing role at [FTX], FTX US, or Alameda Research Ltd. and does not speak on their behalf.” (3/3) Mr. Bankman-Fried has no ongoing role at @FTX_Official, FTX US, or Alameda Research Ltd. and does not speak on their behalf. — FTX (@FTX_Official) November 16, 2022 On Nov. 14 Bankman-Fried began a strange Twitter thread that — over the course of 40 or so hours — eventually spelled out “What HAPPENED” across nine tweets, he then went on to claim he...
Jimmy Fallon Calls on Elon Musk to Help Take Down #RIPJimmyFallon on Twitter
Jimmy Fallon is not dead, and Jimmy Fallon wants people to know that. A scurrilous hashtag, #RIPJimmyFallon, has been trending on Twitter Tuesday night (Nov. 15) and The Tonight Show host has had enough, calling on the company’s CEO Elon Musk personally to take down the hashtag. Earlier on Tuesday, the more mischief-making element on Twitter launched #RIPJimmyFallon, with users posting the hashtag often with a picture of someone other than Fallon. Explore Explore See latest videos, charts and news See latest videos, charts and news Twitter users, particularly those abroad, who weren’t in on the supposed joke were shocked and confused. One Korean user tweeted, “This came up as a hashtag, so I was taken aback. Really. Oh, it’s funny. Because Melon Musk fired all the people in the information...
Twitter Users Can Soon Get Blue Check for $7.99 Monthly Fee
Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the platform’s verification system just ahead of U.S. midterm elections. In an update to Apple iOS devices available in the U.S., Canada, Australia, New Zealand and the U.K., Twitter said users who “sign up now” for the new “Twitter Blue with verification” can receive the blue check next to their names “just like the celebrities, companies and politicians you already follow.” But Twitter employee Esther Crawford tweeted Saturday (Nov. 5) that the “new Blue isn’t live yet — the sprint to our launch continues but some folks may see us making updates because we are testing and pushing changes in real-time.” Verified accounts did...
Joe Biden unhappy with Elon Musk for buying a platform that “spews lies”
The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President Joe Biden accused the website of spewing lies. Biden attended a fundraising event in Chicago for upcoming elections, wherein he called out Elon Musk for purchasing Twitter. He stated: “Now what are we all worried about? Elon Musk goes out and buys an outfit that sends and spews lies all across the world.” While the Biden administration has previously clarified its stance to promote the suppression of hate speech and misinformation on social media platforms, the president highlighte...
Here’s why Binance’s CZ invested in Twitter following Elon Musk acquisition
The acquisition of Twitter by billionaire Elon Musk got mixed reactions from crypto and global communities, sparking discussions around changes to censorship, account verification and the launch of new crypto and blockchain-centric features. However, Binance CEO Changpeng “CZ” Zhao’s decision to invest $500 million in the social media site took the limelight. Acknowledging the buzz, CZ shared six reasons why he opted to support Twitter and what it may mean for the future of Twitter. Ever since Twitter’s new sink was in, I was asked about it in every interview. And I had many interviews last week. So, here is a summary. Why did we do it? 6 reasons. — CZ Binance (@cz_binance) November 4, 2022 CZ’s primary reason for investing in Twitter was his belief in free speech. “Free speech is a prereq...
Elon Musk Complains of “Massive Drop in Revenue” as Advertisers Flee Twitter
Elon Musk is complaining of a “massive drop in revenue” as several advertisers have pulled spending from Twitter, according to reports from CNN and The Wall Street Journal. Companies to pause their Twitter advertising include General Mills; Mondelez International, which makes Oreos and other snacks; pharmaceutical giant Pfizer; and Volkswagen, which owns brands such as Audi, Porsche, and Bentley. Additionally, Interpublic Group, which consults on advertising strategy for large corporations including Coca-Cola and Unilever, has advised their clients to hold their money for now. In a November 4th tweet, Musk laid the blame on unnamed “activist groups.” He wrote, “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing ...
