X has lost more than half its value since Elon Musk bought it last yearMusk originally purchased the company for more than $44 billion in October 2022; today that valuation sits at $19 billion.
Happy Tuesday!The global crypto market cap is $1.27 trillion, with a 24-hour volume of $40.95 billion. The price of Bitcoin is $34,420.34, and BTC market dominance is 52.8%. The price of Ethereum is $1,801.90, and ETH market dominance is 17.0%. The best-performing sector is Yield Farming, which gained 5%. The Crypto Fear & Greed Index is currently Greed (66). Top News
X has lost more than half its value since Elon Musk bought it last yearMusk originally purchased the company for more than $44 billion in October 2022; today that valuation sits at $19 billion. Join us at Newconomics 2023, Nov. 14-15, in LisbonAd: A new event is launching on the fringe of the Web Summit in Lisbon this year, highlighting the future of work on the blockchain. HUMAN Protocol, the decentralized, automated solution to work, is hosting Newconomics so that technologists, business people, and the curious can learn how the blockchain can work in a host of new applications. Non-profit linked to Stellar co-founder Jed McCaleb invests $500M in AI chipsVoltage Park plans to rent access to Nvidia chips starting in February 2024. SBF Trial – Week 5 kicks off with SBF retaking the stand for an intense cross-examinationSBF was hit with intense questioning about his role as the CEO of FTX and the inner workings of the crypto exchange in the weeks leading up to their collapse. Dive into the Halloween Season with a $40,000 USDT Prize Pool!
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More NewsBitcoin miners navigate increasing difficulty for higher rewardsThe increase in Bitcoin mining difficulty and cost amidst price surge hints at healthy profitability for miners. Unibot hacker moves $630,000 of stolen funds through Tornado CashTelegram trading bot Unibot confirmed that it was exploited on Oct. 31. Terra co-founder Daniel Shin blames ecosystem failure on Do Kwon’s managementShin is currently facing trial over his role in the collapse of the Terra ecosystem and its flagship stablecoin. Bankrupt FTX moves $156M worth of assets including Ethereum and SolanaFTX creditor's claim has risen to more than 50 cents on the dollar after Google committed $2 billion to Anthropic. Terraform Labs, Do Kwon file motion to dismiss SEC lawsuitTerraform Labs claims that the SEC has not provided any admissible evidence to back the allegations made in the lawsuit.
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Tuesday, October 31, 2023
X has lost more than half its value since Elon Musk bought it last year
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