Twitter’s shares fell by over 11% after Elon Musk abandoned the hyped up $44 billion deal on Sunday.
Twitter’s Shares Fall By 11% After Elon’s Exit
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In a yet to be fully aired interview by Coinage Media, hosted by Zack Guzman, called “Inside Crypto’s Largest Collapse”, the founder of beleaguered Terra Form labs Do Kwon breaks silence and for the first time, we hear what the CEO has to say. The new Elizabeth Holmes? The implosion of the Terra ecosystem in
The post “I bet big and I think I lost” Do Kwon Speaks On Terra’s crash appeared first on CoinGape.
Crypto companies have usually been the victims of corporate crackdowns over the years. The same is now the case with one of the largest email marketing services in the world. Earlier this week, some notable crypto companies and service providers took to Twitter to air their grievances with Mailchimp. The problem? Closure of their accounts […]
Billionaire entrepreneur, Shark Tank judge, and crypto investor Mark Cuban locked horns with World Mobile CEO Micky Watkins this week over the utility of projects built on Cardano. Cuban has historically been critical of Cardano and its utility and recently turned to Twitter to voice his skepticism around the potential for success of Cardano-based projects in Africa. The post led to Cardano advocates speaking out on Twitter. The community voiced their perspective on the blockchain’s ability to deliver real-world services. Cuban responded he had not seen much adoption of Cardano applications or demand for payments in $ADA. The discussion quickly moved on to the Cardano-based project, World Mobile Token (WMT), which powers the World Mobile network as an example of real-world utility and value. World Mobile delivers a sharing economy that allows anyone to own a part of a network built by the people and earn income for connecting people around the world. Cuban quickly came back, stating the World Mobile network and token needed “a real” business model to succeed, and asked whether it had even begun to earn revenue from users on its network. At this point, World Mobile CEO Micky Watkins entered the debate, responding with a tweet citing the company’s average revenue per unit (ARPU) in Tanzania of $3 per month. A Passionate and Public Debate This Tweet off a long and passionate debate between Watkins and Cuban, with Cuban grilling Watkins about World Mobile’s business model and Watkins responding with data-led arguments around utility, adoption, and scaling. Cuban was initially skeptical, but the conversation quickly turned technical, with Cuban asking Watkins about the type of mesh protocols World Mobile uses, customer bandwidth, and more. Cuban and Watkins also argued over feedback from end users, with Cuban stating: “I don’t see you retweeting anything from actual end users. Which is why I’m so cynical about this and all the cardano Africa project posts. They don’t come from end users. Every great product lets the users do the talking for them.” Watkins responded by linking to a series of testimonial videos from users connected to and using the World Mobile network in Zanzibar. The Change in Attitude Throughout this energetic debate, Watkins and World Mobile seemed to score a few points with Cuban, who commended the goals of the project and the idea of reducing capital expenditure by allowing users to build out the network and own infrastructure. Finally, after the lengthy discussion on how the network nodes work, Watkins signed off the Twitter debate with a friendly and open invitation for further discussion. Cuban’s debate with Watkins served to show that regardless of the scepticism surrounding the Cardano, all that matters are the solutions blockchain has to offer. The value of World Mobile and WMT lies in real-world utility and a sound business model that holds up under fire from the “shark” himself. Perhaps this is the project that makes Cuban fall in love with Cardano after all. Image: Entrepreneur/Getty Images (Eric McCandless)
While several cryptocurrencies have significantly recovered in the past two months, the GALA price struggles to escape its consolidation phase. This range of barriers is spread from $0.07 to $0.046. Furthermore, another fundamental perk of GALA is the launch announcement of GALA film by partnering with Stick Figure Productions. This news should attract more buyers to the
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The Tornado Cash chronicle unfolds. Authorities in the Netherlands apprehended a man suspected to be a Tornado Cash developer in Amsterdam on Wednesday. The Fiscal Information and Investigation Service said that the unidentified 29-year-old man was reportedly involved in money laundering via the decentralized Ethereum mixer Tornado Cash. In the Netherlands, FIOD is the body […]
Gala is Announcing a Partnership With Stick Figure Productions to Distribute Four Down on The Blockchain
Gala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they … Continued
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Authorities in Uzbekistan are now clamping down on online crypto trading platforms that operate outside the nation and are not registered with the government. Authorities have mandated that platforms hold a license in order to provide digital currency services to users. However, they have observed in recent weeks that numerous exchanges are providing their services […]