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Bankrupt Sri Lanka warns against using Cryptocurrency

Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on.


Bankrupt Sri Lanka warns against using Cryptocurrency

Island nation Sri Lanka, which is currently going through an unprecedented economic crisis, has warned its citizens against the use of cryptocurrency. Sri Lanka’s central bank has said that cryptocurrencies does not enjoy any legal status in the country. It is increasingly feared that Sri Lankans may start using digital currencies for coping with massive spike in inflation. For all those who are not aware, Sri Lanka has officially declared itself as bankrupt. The island nation has been left with no money for importing any basic necessities from the international market. Sri Lanka’s president and prime minister have already fled from the country amid the ongoing economic crisis.


LinkedIn Co-founder takes a Jibe at Donald Trump

LinkedIn’s co-founder Reid Hoffman has taken a pretty nasty swipe at former U.S. President Donald Trump. Hoffman’s controversial comments, which were made on Twitter, were in response to the ugly spat between Trump and Elon Musk that took place earlier this week. LinkedIn co-founder tweeted that he isn’t surprised that Trump hates Musk. He went on to say that Trump has been a grand failure all throughout his life while Musk’s success is something that America should be proud of. The LinkedIn’s co-founder also blamed Trump for destroying America’s economy and labelled him a ‘spoiled rich kid’ who  has achieved nothing in his life.


Boycott ‘Nothing Phone’ Trends on Twitter

Carl Pei Appoints Samsung Veteran Manu Sharma to Oversee Nothing’s india Operation

The much anticipated Nothing Phone, which was launched barely 48 hours ago, had to face anger from the South Indian community. According to media reports, earlier this week many South Indians took to Twitter and started trending the hash-tag boycott Nothing Phone. This after a YouTube video featuring a Nothing Phone went viral on the internet. In this video, the Nothing Phone is shown accompanied with a small sticker, in which it was written that this ‘phone is not meant for south Indians.’ However, it turned out that this video was fake and the Nothing Phone used in this video was actually fake.


NFT marketplace giant OpenSea lays off employees    

Hit by a sharp decline in the demand for NFTs in recent months, NFT marketplace OpenSea has decided to lay off nearly 20% of its staff. OpenSea’s co-founder Devin Finzer shared this news on the company’s Twitter handle. OpenSea was the biggest gainer when the demand for NFTs was at its peak earlier this year. However, the demand for NFTs has been almost flat for last two months. Many experts argue that the demand for NFTs may have nosedived because of the ongoing bloodbath in the crypto market.


Facebook may soon allow five profiles from same account

In an unprecedented change to its longstanding policy, Facebook may soon allow its users to have five different profiles from the same account itself. According to Bloomberg, Facebook is currently testing this feature among limited users. As of today, Facebook users can have only one profile per account. Notably, the social media giant is currently going through a crisis due to declining user base and advertising revenue. Bloomberg claims that Facebook may be testing this unique feature for reviving its declining fortune. If the social media giant does launch this feature then it will forever change the way we interact and use Facebook.

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