Top Tech News Today: No Toilet Paper, No Rent Paid, Kitchens Closed: Elon Musk’s Twitter Is Going Through a Rough Phase! Bitcoin Core Dev Loses At Least $3.6 Million In BTC To Hack

Elon Musk's Twitter is going through a rough phase right now! Read more tech news

Good Morning Tech fam, here are some quick tech updates for you to catch on to!

What's New Today: Mukesh Bansal Withdraws from Tata Neu's Daily Operations. Tata Digital Opposes The "Growing at All Costs" Philosophy; Bansal May Stay on As an Advisor.

Fast-Track Insights: Winklevoss-Gemini CEO Silbert Is Criticised for His "Bad Faith Stall Tactics." 900+ Million in Locked Funds.

When co-founder and former CEO Jack Dorsey led the company, Twitter was not what it is now. Musk let off over 50% of the staff after the $44 billion acquisition, including hundreds from the India offices and several top executives, including Parag Agrawal. The Twitter CEO terminated janitors as well as several staff benefits in order to reduce costs. In addition, he makes money by selling furniture, kitchen appliances, and other things. To save money, Musk also ceased providing complimentary lunches. Musk is now taking cost-cutting measures to the extreme by forgoing rent for several months. According to estimates, Twitter has only made rent payments of Rs. 1.12 crore so far.

According to a report, Mukesh Bansal steps down from Tata Neu's daily operations. In June 2021, Bansal, cofounder of fashion e-tailer Myntra, joined Tata Digital. However, he is no longer part of Neu's core businesses, people with knowledge of the situation said but is likely to continue to provide advisory services, according to ET. According to The Economic Times, Mukesh Bansal, president of Tata Digital, has resigned from his role overseeing Tata Neu, a business subsidiary. Bansal is reportedly contemplating starting a new business as well. These ideas, however, are allegedly still in their very early phases. During this time, the company is undergoing ongoing changes at the top.

Many of Microsoft's online services, including OneDrive, are temporarily unavailable due to a global outage that the company is currently facing. People are reportedly unable to upload or view data stored on Microsoft OneDrive, according to numerous reports on Twitter. According to Downdetector, a number of Microsoft services, including Azure, a cloud service, Skype, Teams, and Microsoft 365, are presently unavailable. The reason for this extensive outage of several Microsoft services is unknown. Given that there are a variety of causes for Internet service interruptions. Some of the common causes of technological outages include errors in deployment code or actual physical damage to a server.

According to Luke Dashjr, who calls himself "the longest contributing Bitcoin Core developer," "essentially all" of his Bitcoin holdings were plundered on New Year's Day by an unidentified hacker. Although the entire amount of stolen Bitcoin is unknown, Dashjr tracked "part of it" to a wallet address that got little under 217 Bitcoin, or around $3.6 million at the current exchange rate. In a Reddit conversation, Dashjr later claimed that a compromised PGP (Pretty Good Privacy) key was to blame for the hack of his Bitcoin wallet and that the attacker's IP address originated from a ColoCrossing server.

Genesis, a cryptocurrency broker owned by Digital Currency Group (DCG), is in trouble. The company's loan division reportedly owes users of cryptocurrency exchange Gemini's Earn programme $900 million and stopped allowing customer withdrawals in November due to the failure of FTX. One of the founders of Gemini is now criticising DCG's CEO for what he terms "bad faith stall tactics." Cameron Winklevoss, co-founder of Gemini, tweeted an open letter to Barry Silbert, CEO and founder of DCG, criticising what he called their evasive actions as they attempted to resolve the issue together.