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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Elon Musk is being investigated by federal agencies for his US$44 billion Twitter deal!
Fast-Track Insights: October becomes the best month for crypto scammers as they managed to steal almost US$700 million, this year!
Elon Musk is under federal investigation over his US$44 billion contract for the Twitter takeover deal. The filing mentioned that he has been under investigation, but it failed to mention the exact cause of that investigation and under which circumstances are the federal authorities conducting them. Earlier, Twitter sued Elon in July, forcing him to close the deal. Now the company claims that Musk claimed his investigative privilege and refused to hand in any documents without cause.
The Microsoft Surface event revealed a suite of new Surface devices, including the new Surface tablet and laptop. The event also unveiled the Surface Pro 9 tablet, Surface Laptop 5, Surface Studio 2+, and several other announcements pertaining to the success of the Xbox Adaptive Controller. Microsoft also introduced the Adaptive Accessories range like a customizable mouse and Adaptive Hub that can connect either wirelessly or through a USB-C cable.
The big tech hiring freeze emerges as a blessing for US startups! Infact, startups all over the world are scooping in the rich tech talent pool since the big companies have refused to continue the hiring process this year. Companies with a steady cash flow from viable products in the market are offering rich paychecks to lure talented and skilled professionals who were previously seeking jobs in big tech companies.
Bitcoin dropped massively amid the widespread bearish market trends triggered by the 'worse-beyond-expectation' Consumer Price Index (CPI) reading of 8.2%. The revelation of this index will not only put pressure on the crypto market but also on the global financial markets. Data shows that Bitcoin is the worst-hit cryptocurrency, it plummeted by 3% as soon as the data was released.
October marks the best month for crypto scammers who managed to steal approximately US$700 million from DeFi protocols across eleven different hacks this month. Crypto-wise October is the worst month and with only two weeks to go for the month to end, experts are worried as to what tricks scammers are holding up their sleeves.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
