Tech
Elon Musk under federal investigation! Cryptocurrency Market Crashes Due to Hot CPI Stats
Elon Musk is under federal investigation over his Twitter deal, read top tech news today!
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: Elon Musk is under investigation by federal agencies over his $44 billion Twitter deal!
Quick insights: October becomes the best month for cryptocurrency scammers as they managed to steal almost $700 million this year!
Elon Musk is under federal investigation over his $44 billion deal to acquire Twitter. The documentation mentioned that she was under investigation, but did not mention the exact cause of that investigation and under what circumstances federal authorities were conducting it. Twitter previously sued Elon in July, forcing him to end the deal. Now the company claims that Musk asserted his investigative privilege and refused to turn over any documents without cause.
The Microsoft Surface event revealed a suite of new Surface devices, including the new Surface tablet and laptop. Also revealed at the event were the Surface Pro 9 tablet, Surface Laptop 5, Surface Studio 2+, and numerous other announcements relating to the success of the Xbox Adaptive Controller. Microsoft has also introduced the range of adaptive accessories such as a customizable mouse and an adaptive hub that can connect wirelessly or via a USB-C cable.
Big tech hiring freeze turns out to be a blessing for US startups! In fact, startups around the world are taking advantage of the rich pool of tech talent as large companies have refused to continue the hiring process this year. Companies with steady cash flow from market-worthy products are offering rich salaries to attract talented, skilled professionals who previously sought jobs at big tech companies.
Bitcoin fell massively amid widespread bearish market trends triggered by the “worse-than-expectations” Consumer Price Index (CPI) reading of 8.2%. The revelation of this index will not only put pressure on the cryptocurrency market but also on global financial markets. The data shows that Bitcoin is the hardest hit cryptocurrency: it fell by 3% as soon as the data was released.
October marks the best month for cryptocurrency scammers who managed to steal around $700 million from DeFi protocols through eleven different hacks this month. From a cryptocurrency perspective, October is the worst month, and with just two weeks left until the end of the month, experts are worried about the tricks scammers are hiding.