technology
Snapchat’s parent company shutters Web3 division amid layoffs
Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this round of layoffs comes after the company experienced slow revenue growth, a slump in stock prices, and a general lag behind its financial targets. Speigel shared: “Our forward-looking revenue visibility remains limited, and our current year-over-year QTD revenue growth of 8% is well below what we were expecting earlier this year.” Snap Inc. will now undertake the task of restructuring in an attempt to ensure the company’s success in a highly competitive space where Instagram and TikTok are currently dominating. As part of its restructuring process, the company has axed its entire We...
Former blockchain skeptic David Rubenstein discloses investments in crypto companies
Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States. Speaking with CNBC’S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the U.S. Congress will tak a collaborative approach to boost an innovation environment in the country. “The crypto constituency is very strong in congress [and] they tend to be very Republican [or] very libertarian,” he noted. “The industry is not likely to be soft when dealing with members of Congress.” Previously skeptical about cryptocurrencies, Rubenstein reportedly changed his mind ...
Twitter Releases Edit Button
Share 1 Whatsapp reddit Tweet 0 1Shares Social media platform, Twitter, has finally released its highly requested Edit Tweet feature. This comes after many years of request and it will be available first to some paying Twitter subscribers later in September. According to Twitter, the feature is currently undergoing “internal testing.” .u08af3d3a71d129b6894b4c79e86a5864 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } ...
Why interoperability is the key to blockchain technology’s mass adoption
Every year, we see new blockchain networks being developed to tackle specific niches within certain industries, each blockchain having specialized functions based on its purpose. For example, layer-2 scaling solutions like Polygon are built to have ultra-low transaction fees and fast settlement times. The increase in the number of new blockchain networks is also a result of the recognition that there is no one perfect solution that will be able to meet all of the needs associated with blockchain technology all at once. Therefore, as more organizations become aware of this rising technology and its capabilities, the interconnection of these unique blockchains is becoming necessary. What is interoperability? Blockchain interoperability refers to a wide variety of methods that enable many blo...
Blockchain audits: The steps to ensure a network is secure
The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others. As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer transactions between individuals and companies, they are not immune to issues of hacking and third-party infiltration. Just a ...
Uniswap eyes NFT financialization, in talks with lending protocols
Crypto exchange Uniswap engaged in talks with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap’s head of NFT product Scott Lewis. In the tweet, Lewis highlights the company’s interest in tackling both liquidity issues and “information asymmetry” surrounding NFTs. uniswap is the interface for all nft liquidity. we are now in talks with 7 nft lending protocols. we will be working with each one to solve for liquidity fragmentation and information asymmetry. this is the first step to building nft financialization. — Scott (@Scott_eth) August 23, 2022 While Uniswap’s goal of these talks and potential collaborations with lending protocols is NFT financialization, the crowd on Twitter came back with a double-sided response. Some users deemed ...
Janet Jackson’s ‘Rhythm Nation’ Crashes Older Laptops, Microsoft Engineer Reveals
One unforeseen part of the “Rhythm Nation”? The classic Janet Jackson music video has been proven to crash certain older laptops, says Microsoft’s chief software engineer Raymond Chen in a company blog post. It’s all because of a specific frequency featured in “Rhythm Nation” that interferes with laptop hard drives that spin at 5400 rpm. Explore Explore See latest videos, charts and news See latest videos, charts and news Released in 1989, the computer-offending song was the titular anthem of Jackson’s Rhythm Nation 1814. The album was one of the most commercially successful of its day, producing seven top five singles on the Billboard Hot 100 — which continues to be a record for the pop sensation. But don’t throw Jackson’s classic hit off your playlists just yet: Manufacturers who made th...
Ethereum advances with standards for smart contract security audits
The Ethereum ecosystem continues to witness a flurry of activity that has individuals and organizations deploying token contracts, adding liquidity to pools and deploying smart contracts to support a wide range of business models. While notable, this growth has also been riddled with security exploits, leaving decentralized finance (DeFi) protocols vulnerable to hacks and scams. For instance, recent findings from crypto intelligence firm Chainalysis show that crypto-related hacks have increased by 58.3% from the beginning of the year through July 2022. The report further notes that $1.9 billion has been lost to hacks during this timeframe — a figure that doesn’t include the $190 million Nomad bridge hack that occurred on August 1, 2022. Although open source code may be beneficial for...
Metaverse is a key factor in long-term NFT success, says new research
A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40 million by 2027. One of the top catalysts to push NFT adoption will be those linked to metaverse use cases, according to the study. This niche of NFTs will be the fastest growing in the next five years. Metaverse-related NFTs will experience an increase in transactions from 600,000 transactions in 2022 to 9.8 million by 2027. A good indicator for brands such as Gucci and Adidas, which have already adopted the technology for wearables in the digital universe, this data shows that consumers want their digital assets to have value beyond the monetary. This ...
3 East African Economic Sectors Ripe for Tech Innovation
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This Air-Powered Hybrid of a Vehicle and Musical Instrument Tests the Limits of Sound
I don’t mean to toot my own horn… As part of its “Two Yamahas, One Passion” joint project, Yamaha Design Lab has designed an unexpected piece of technology: a mobile musical instrument powered by gas and air. With the new concept, dubbed “Untitled Instrument,” two Yamaha departments joined forces to re-envision the principle of sound and how it can be used in conjunction with modern day automotive engineering technology. If the airflow through a wind or brass instrument, like a trumpet, is controlled properly, a musical scale can be played. This same air is also used to power the propulsion of the bike. Depending on how the air is converted into energy, it can bring out different outcomes. The bike is able to move when air is converted into mat...
Curve Finance resolves site exploit, directs users to revoke any recent contracts
On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an exploit on its site. The team behind the protocol noted that the issue, which appeared to be an attack from a malicious actor, was affecting the service’s nameserver and frontend. Don’t use https://t.co/vOeMYOTq0l site – nameserver is compromised. Investigation is ongoing: likely the NS itself has a problem — Curve Finance (@CurveFinance) August 9, 2022 Curve stated via Twitter that its exchange — which is a separate product — appeared to be unaffected by the attack, as it uses a different DNS provider. However, the issue was quickly addressed by the team. An hour after the initial warning, Curve said it had both found and reverted the issue, directing users to have approved any contracts o...
