It was a challenging week for the crypto community as the leading coins fell yet again. As usual on Crypto Twitter, prices were everyone’s least concern. Instead, the drama centered on the seemingly interminable saga of Tesla CEO Elon Musk’s bid to buy Twitter. There were also more accusations of foul play leveled at Terraform Labs CEO Do Kwon in the wake of UST’s collapse.
On Monday, Musk made it clear in a letter to Twitter’s General Counsel that his $44 billion acquisition bid is “temporarily on hold” pending confirmation that less than 5% of the microblogging platform’s users are spambots. In the amended document, which was filed with the United States Securities and Exchange Commission, Musk accused Twitter of “actively resisting and thwarting his information rights.”
Alex Weprin, a journalist for The Hollywood Reporter, argued that Musk's latest move was either tactical or a sign of cold feet. Decrypt’s EIC thinks Musk's gripe about bots is his attempt to back out of the deal....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...