The US Federal Reserve announced a 75 basis points rate hike to control the rising inflation. The rate hike came on the expected line as the Fed shared how it will tackle monetary policy going ahead.
Twitter’s Chief Elon Musk is gearing up to fire as many as 50% of the total workforce of the company in a bid to downsize and reduce costs simultaneously.
Binance founder and CEO Changpeng Zhao is considering buying banks. The exchange founder talked about this vision while speaking in an interview with Bloomberg at the Web Summit Conference in Lisbon.
Tech giant Meta, the parent company of Instagram, has announced that the social media platform will soon introduce several nonfungible token-related tools that will allow creators to mint, showcase, and sell digital collections powered by NFTs.
Web3 studio Dapper Labs appears to be the latest in a long list of firms that have slashed their staff. According to the announcement, the firm has decided to terminate the contract it has with about 22% of its team.
