Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»Tech news»Bitcoin price nosedives below $34,000 mark as Global Crypto market crashes
    Tech news

    Bitcoin price nosedives below $34,000 mark as Global Crypto market crashes

    Girish ShettiBy Girish ShettiMay 9, 20223 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

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

    1)

    Bitcoin price nosedives below $34,000 mark as Global Crypto market crashes

    Price of Bitcoin, the world’s most popular cryptocurrency, crashed below the psychological mark of $34000 during the weekend. In fact, last week turned out to be a horror for all cryptos including Ethereum, which was down by more than 10%. Bitcoin’s price is currently trading below the $33000 mark in the global crypto market. According to reports, Bitcoin lost $200Bn market capitalization due to heavy sell off in the crypto market. Analysts have pinned the blame on the ongoing bloodbath in the global stock market and increase in interest rates by major economies in the world.

     

    2)

    Instagram to start offering NFT feature integration from this week

    switch Instagram accounts

    Starting this week photo sharing platform Instagram will reportedly start offering NFTs to its users. These NFTs will be  based on blockchain networks used by cryptos like Ethereum, Polygon, Solana and Flow. The Meta owned platform will offer this feature as a pilot project and currently this feature will be restricted only to the U.S market. According to reports, Instagram won’t be charging its users for sharing and posting NFTs. Notably, earlier this month, Mark Zuckerberg had already promised about launching the NFT feature on Instagram.

     

    3)

    Elon Musk denies rumors that Trump convinced him to buy Twitter  

    President Trump at a press event

    Elon Musk has flatly denied the U.S. media report that it was former U.S President Donald Trump who convinced him to buy the microblogging platform. Reacting to The New York Times report, Tesla CEO said “this is false. I’ve had no communication, directly or indirectly with Trump.” Rumors of Musk and Trump’s nexus are largely based on the speculation that Tesla CEO will reactivate Trump’s Twitter. However, the former U.S. President has already clarified that he has no plans to come back to Twitter and will remain restricted to his newly launched social media app Truth Social.

    4)

    India’s Edtech Unicorn Vedantu lays off 120 employees

    Vedantu, one of India’s leading edtech unicorns, has laid off 120 staff members including 80 permanent employees. However, the Pune based startup said that this layoff was part of the normal retrenching exercise and it will hire more employees in the coming months. Notably, last month another leading unicorn edtech startup Unacademy had also removed 600 employees. Earlier this year there were strong rumors that edtech giant Byju’s was in talks to acquire Vedantu. A rumor that was later strongly refuted by the Pune based startup.         

    5)  

    Google Cloud forms Web3 team to tap the booming Crypto & Blockchain market

    Photo of Google CEO Sundar Pichai
    Google CEO Sundar Pichai

    Google’s cloud computing unit has formed an independent Web3 team as the tech giant looks to capitalize the booming crypto and blockchain market. The tech giant said that this team will help developers in developing the efficient Web3 applications. For all those who don’t know, Web3 is considered to be the next big revolution in the world of internet. The buzz around this technology has grown tremendously ever since Facebook’s foray into the Metaverse technology.

    featured
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    Twitter launches new $5000 API plan for Startups  

    May 26, 2023

    OpenAI may Exit Europe if Regulation Toughens, says CEO Sam Altman

    May 25, 2023

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Comments are closed.

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to upload more than 100mb to discord How to Upload More Than 100MB to Discord: Unlocking File Size Limits
    • how to clear spotify queue How to Clear Spotify Queue: Enjoy a Fresh Listening Experience
    • how to stop facebook from scrolling automatically How to Stop Facebook from Scrolling Automatically: Taking Control of Your Browsing Experience
    • how to use depth effect ios 16 How to Use Depth Effect on iOS 16: Unlocking the Power of Visual Depth
    • Twitter launches new $5000 API plan for Startups  
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]