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This week, the tech industry continued to watch the Elon Musk and Twitter story unfold. In the latest development, the platform’s new CEO organized an online auction to sell surplus furniture from Twitter headquarters.
On the crypto side, Sam Bankman-Fried was arrested and charged with eight criminal offenses, including but not limited to wire fraud and money laundering. Amid the FTX debacle, Binance experienced $8.7 billion in cryptocurrency withdrawals as worried traders withdrew funds. Instagram rolled out a messaging feature called Notes, and TikTok started testing full-screen videos.
Below, HYPEBEAST has compiled the week’s top tech stories so you can stay up to date with industry trends.
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tick tock may be more like Youtube in the near future. The Video app is testing videos that are displayed in landscape and full size on the screen. TechCrunch report. Some users in the beta group already have access to this feature, which appears as a “full size” button and allows you to increase the video size.
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infamous FTX Founder Sam Bankman-Fried was arrested In the Bahamas on December 12th. After appearing in court a few days later, SBF found him guilty of eight criminal charges, including wire fraud, money laundering and illegal political contributions.
Prosecutors allege that the founders hid information from investors while using investor funds to purchase luxury properties in the Bahamas. If convicted, the SBF faces up to 115 years in prison, said Nicholas Bierce, a spokesperson for the U.S. prosecutor.
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Following the FTX debacle, cipher trading platform binance We have been hit by a huge increase in withdrawals. Between December 6th and December 13th, about US$8.7 billion was withdrawn from the platform, of which US$3 billion was withdrawn in just 24 hours. Nonetheless, Binance has received an inflow of US$5.1 billion and the outflow number simply represents business as usual, he reported on Twitter.
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Elon Musk held an online auction to sell “office surplus assets,” or furniture. twitter headquarters. After a wave of layoffs at the company, Twitter’s headquarters seems to be left with a ton of unwanted chairs and desks.In addition to the iconic Twitter bird logo engraving, the auction includes chairs designed by Eames, Includes a desk, his espresso machine, and a refrigerator. Heritage Global Partners is hosting the sale, which is scheduled to start on January 17th. Please note that potential buyers will need to go directly to his Twitter HQ in San Francisco to pick up the item.
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Instagram has a new tool called Notes. This is a convenient way for users to leave messages for their friends without sending her individual DMs. Similar to Instagram Stories, the note is visible to him 24 hours at a time and appears at the top of the user’s inbox. Users can curate a list of who can access notes from followers who follow them or who are on their close friends list.
