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Crypto News & Tech Updates

Instagram announced it will simplify its in-app navigation after years of confusing changes designed to push various products like Instagram Shop and Reels. The company says, starting in February, it will return the Compose button (the plus sign “+”) to the front and center of the navigation bar at the bottom of the app and it will remove the Shop tab entirely.

As a result, the Reels button will now move over to the right of Compose, losing its prime spot. The earlier changes that had pushed Reels over Compose had been fairly controversial as Instagram users felt as if the company was forcing them to use the app’s new products at the expense of the overall user experience.

The company had first relocated the Reels tab to the middle of the navigation bar in 2020, when it also replaced the popular Activity tab with the Shop tab instead. The Compose button and Activity were also then relocated to the top right of the home screen, making them harder to find. At the time, Instagram explained these changes would make it easier for users to access Instagram’s “expanded suite of products.”

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Crypto News & Tech Updates

The Binance platform is suffering from the pressure of withdrawals, which reached $ 12 billion in 60 days.

Forbes analysis shows that Binance's cash outflow is at its worst.

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Crypto News & Tech Updates

⚡️ LG to add meta universe support to its TVs

The company has partnered with Web3-based gaming and music platform Oorbit, making it possible for future generations of LG TVs to:

▪️ Attend virtual concerts;
▪️ Play multiplayer games;
▪️ Communicate with friends and shop;
▪️ Create and customize your avatar.

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Crypto News & Tech Updates

A Princeton student built an app that aims to tell if essays were written by AIs like ChatGPT.

Edward Tian, a computer science student at Princeton, said he spent the holiday period building GPTZero.

The app analyzes text to see how randomly it is written, allowing it to detect if it was written by AI.

The website hosting the app crashed due to high traffic.

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Crypto News & Tech Updates

India set an “incredibly important precedent” by banning TikTok two and a half years ago, FCC Commissioner said, as he projected a similar fate for the Chinese giant Bytedance app in the U.S.

Brendan Carr, Commissioner of the FCC, warned that TikTok “operates as a sophisticated surveillance tool,” and told the Indian daily Economic Times that banning the social app is a “natural next step in our efforts to secure communication network.”

The senior Republican on the Federal Communications Commission said he is worried that China could use sensitive and non-public data gleaned from TikTok to “blackmail, espionage, foreign influence campaigns and surveillance.”

“We need to follow India’s lead more broadly to weed out other nefarious apps as well,” he said.

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It has been revealed that #ElonMusk has not only lost his title as the richest person in the world but he simultaneously set another record.

The new CEO of #Twitter has now lost $200 billion in assets making it the most ever lost by a person in history According Bloomberg Billionaire’s Index.

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Crypto News & Tech Updates

MicroStrategy announced the purchase of an additional 2,500 bitcoins, bringing its total to 132,500 bitcoins, with a market value of $4.03 billion and an average price of $30,397 per bitcoin.

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📉 $9.6 Trillion-Asset Manager Fidelity Files Trademark Applications For An Nft Marketplace And Crypto Trading Services.

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Crypto News & Tech Updates

Meta has agreed to pay $725 million to settle a privacy lawsuit that accused Facebook of illegally sharing user data with a political consulting firm.

The settlement is "the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," lawyers for the plaintiffs said in a court filing on Thursday.

The class-action lawsuit was originally filed in 2018 by Facebook users in California. It came after Facebook revealed it had exposed the data of 87 million users to Cambridge Analytica.

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🔵 You can now check the price of $ETH and $BTC directly on Twitter.

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Crypto News & Tech Updates

Google issued a “code red” in response to the rise of ChatGPT, NYT reports.

CEO Sundar Pichai redirected some teams to focus on building out AI products, per the report.

The move comes as talks abound over whether ChatGPT could one day replace Google’s search engine.

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Crypto News & Tech Updates

Last week, students at Alabama's Auburn University were told the school is blocking TikTok access. The popular app will no longer be accessible on campus Wi-Fi.

The policy is in response to a statewide ban of the app imposed by Alabama Governor Kay Ivey.

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BREAKING: Elon Musk to step down as head of Twitter, according to poll results

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🥇 BTC drawdowns from the maximum per cycle

🗣Each cycle the maximum drawdown decreases in percentage equivalent.

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Crypto News & Tech Updates

Twitter suspended several journalists’ accounts on Thursday.

Many of the affected writers had been covering or criticizing Elon Musk in the preceding days.

Twitter also suspended the account for Mastodon, a social media platform that has marketed itself as an alternative to Twitter.

It was not immediately clear what had prompted the wave of suspensions.

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Crypto News & Tech Updates

⚡️Financial asset classes as a percentage of the total in the world

💭Bitcoin is only at the beginning of its journey 💰

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Crypto News & Tech Updates

🇮🇷 Iranian courts have ordered the return of thousands of crypto mining rigs seized by the government in 2021 as a measure to address power shortages in the country.

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Crypto News & Tech Updates

🇺🇸 US unemployment rate falls to 3.5%, lower than expectations.

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$3.7 billion was lost to crypto scams, hacks, and exploits in 2022, according to blockchain audit firm CertiK. That marks the worst year ever for the industry, which lost $3.2 billion in 2021.

Among last year's notable hacks, Sky Mavis' Ronin Bridge was exploited for $625 million in April.

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Crypto News & Tech Updates

🥇 Draft legislation for the digital Ruble forwarded by legislators in Russia.

A group of Russian legislators, headed by Anatoly Aksakov have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue.

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Crypto News & Tech Updates

The latest article by Binance CEO CZ indicated that the platform now has 7,500 employees and currently provides services to more than 120 million users around the world.

It has licenses in 14 countries including Colombia 🇨🇴, Abu Dhabi 🇦🇪, Bahrain 🇧🇭, Dubai, South Africa 🇿🇦, France 🇫🇷, Italy 🇮🇹, Spain 🇪🇸, Poland 🇵🇱, Lithuania 🇱🇹 and Cyprus 🇨🇾 And Kazakhstan 🇰🇿, Australia 🇦🇺, and New Zealand 🇳🇿.

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Crypto News & Tech Updates

🔵 Telegram will launch a service with NFT gifts on the TON blockchain.

Telegram will launch the TON Gifts service with NFT gifts on the TON blockchain.

Users will be able to mint various New Year’s items from rabbit and snowmen Christmas trees to a bouquet of flowers.

Also, those who wish will be able to send any amount of TON in a beautiful animated NFT envelope or box from the TON Diamonds platform.

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Crypto News & Tech Updates

🔵 Twitter Data Breach.

400 million Twitter users’ data containing private emails and linked phone numbers have reportedly been up for sale on the black market.

The private contact information of Vitalik Buterin, shark tank host Kevin O'Leary and Mark Cuban are among those purportedly for sale.

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Crypto News & Tech Updates

👀 SBF escorted out of courthouse after posting $250 million bail.

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Crypto News & Tech Updates

Amazon is the first company in history to have a one Trillion dollar drop in market cap.

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Crypto News & Tech Updates

🔵 Elon Musk will resign as Twitter CEO and will run software and server teams.

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Crypto News & Tech Updates

🥇 Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies.

The Nigerian government will reportedly soon pass a law that will recognize the usage of Bitcoin and other cryptocurrencies as a means to keep up to date with “global practices.”

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Crypto News & Tech Updates

👀 Sam Bankman-Fried could face up to 115 years in prison if convicted on all eight counts against him.

SBF of FTX has been indicted on conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering.

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Crypto News & Tech Updates

🟠 In total this year, Binance Futures had a volume of ~$15 trillion dollars. At an average taker fee of 0.02%, that would be $3 Billion in annual revenue just from trading.

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Crypto News & Tech Updates

🟠 Mazars, the firm that audited Binance  has deleted the link to the audit report from their website.

Mazars will stop all its audit work of crypto companies including 🟢 Kucoin, 🔹 Cryptocom.

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