Hey Waivly Crew! 🌊 Elon Musk has taken control of Twitter and fired its CEO and other top executives. Hong Kong plans to legalize retail crypto trading in March 2023. Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard! 🎃 Halloween Special Offer - 50% off until November 1st 🎃 Elon Musk completes $44bn Twitter takeover
Elon Musk has completed his $44 billion takeover of Twitter, according to an investor in the social media company. As the world’s richest man took over Thursday night, Twitter’s chief executive, Parag Agrawal, and chief financial officer Ned Segal left the company, The Washington Post reported, citing people familiar with the matter. Musk also fired Vijaya Gadde, head of legal, policy, and trust, who made the decision to ban former U.S. president Donald Trump’s Twitter account, along with chief customer officer Sarah Personette, and Sean Edgett, general counsel at Twitter since 2012. The execs received handsome payouts for their trouble. Business Insider disclosed: Agrawal got $38.7 million, Segal got $25.4 million, Gadde got $12.5 million, and Personette, who had a positive discussion with Musk on Wednesday, got $11.2 million. Twitter shares will be suspended from trading on Friday, according to the New York Stock Exchange's website. Musk initially offered to buy Twitter in April, then changed his mind and tried to back out in May. On October 3rd, he changed his mind again, filing a letter with the SEC affirming his commitment to close the deal at the previously agreed price. Musk met with Twitter employees on Wednesday, and is expected to address them later today now that his $44 billion takeover is complete. Google launches Cloud Node Engine for Ethereum developers
Google is launching a cloud-based node engine for Ethereum projects, the tech giant announced Thursday. Officially called Blockchain Node Engine, Google’s offering is a “fully managed node-hosting service that can minimize the need for node operations,” meaning that Google will be responsible for monitoring node activity and restarting them during outages. “While self-managed nodes are often difficult to deploy and require constant management, Blockchain Node Engine is a fully managed node-hosting service that minimizes the need for node operations. web3 companies who require dedicated nodes can relay transactions, deploy smart contracts and read or write blockchain data with the reliability, performance and security they expect from Google Cloud compute and network infrastructure,” Google wrote in the blog post. Google says its nodes will be placed behind a virtual private cloud firewall, allowing only trusted machines and users to communicate with endpoints. Additionally, services such as Google Cloud Armor would help protect the nodes from denial-of-service (DDoS) attacks. In February, Google CEO Sundar Pichair revealed the company was actively looking for ways to "contribute" to Web3. Three months later, Google formed a team to build services for developers running blockchain applications. The Waves😅 “How much have you spent on NFTs?” 👗 Gucci Vault Land opens in The Sandbox 📝 Elon Musk addresses Twitter advertisers in open letter 💬 Network with others in Web3 on the Waivly platform Crypto SpecialRevolut to allow customers to make purchases with crypto balances
Digital banking company Revolut is launching a crypto spending feature that will enable customers to use their crypto balance to pay for everyday purchases on their Revolut card. The service will be available starting on November 1st, and for a limited time, customers will also be able to earn 1% cash back on all their crypto balance spent. Revolut's new feature comes after the firm received approval from the Financial Conduct Authority to offer crypto services in the U.K. The platform offers in-app trading of more than 30 digital currencies for its 20 million+ personal users, according to its website. Hong Kong plans to legalize retail crypto trading
Hong Kong is planning to legalize retail trading of cryptocurrency, contrasting with the city’s position in recent years and China’s ban on crypto trading, per a report from Bloomberg. The program, which is expected to launch in March next year, would require crypto platforms to apply for a license to offer retail trading. It comes amid Hong Kong’s efforts to restore its position as a global crypto hub, after years of Covid-19, political turmoil, and regulation made the city less attractive to companies in the crypto industry. “Introducing mandatory licensing in Hong Kong is just one of the important things regulators have to do,” said Gary Tiu, executive director at crypto firm BC Technology Group Ltd. “They can’t forever effectively close the needs of retail investors.” Hong Kong has its own financial and judicial systems, separate from the Chinese mainland, as part of the “One Country, Two Systems” framework, under which it has been governed since 1984. Explore the world like a local with Babbel
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