Tech Brew Ride Home Tue. 11/08 – FTX: You Ok, Bro?
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Nov 8, 2022 FTX is in crisis mode, halting withdrawals and sparking fears of a crypto meltdown. Musk's potential paywall for Twitter raises eyebrows about its future. Meanwhile, the NFT market is buzzing with turmoil over creator royalties, challenging established platforms like OpenSea. Apple's design team faces instability with high turnover and the looming departure of a key figure, jeopardizing its creative vision. Discussions on alternative investments like fractional ownership of fine art offer intriguing financial strategies amid market volatility.
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FTX's Potential Collapse
- FTX halted withdrawals amid solvency concerns, causing FTT's price to plummet.
- Binance's CEO, Changpeng Zhao, selling his FTT holdings might have exacerbated the situation.
Twitter's Potential Paywall
- Elon Musk considers putting Twitter entirely behind a paywall.
- The current Twitter Blue subscription model may be financially unsustainable.
Trustcore's Alleged Government Ties
- Trustcore Systems, a root certificate authority, allegedly has ties to US intelligence.
- This raises security concerns about potential surveillance.