Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Pentagon gives $9 billion to Amazon, Microsoft, Google, and Oracle for a cloud initiative.
Fast-Track Insights: Co-founder Kang of Crypto Hedge fund BKCoin was fired for misusing investor funds.
Another complaint has been filed against Twitter Inc. as a result of the recent purge of half of its workers; this one claim that the social media corporation discriminatorily targets female employees for layoffs. According to a class action lawsuit filed late on Wednesday in federal court in San Francisco, after Twitter was taken over by Elon Musk, the world's richest person, Twitter fired 57 percent more women than men.
Musk has been very outspoken about the US$8 fee that users will have to pay to have their accounts verified. Twitter has to pay the 30% commission Apple charges developers for recurring subscriptions. Musk and Twitter may charge iPhone users more than $8 for verified blue ticks in order to cover that expense.
Starbucks is offering a web3 loyalty programme and NFT community to initial beta testers. This programme will allow users to earn rewards through a number of activities such as shopping, engaging with content, and participating in NFT auctions. Customers will also be able to use their rewards to purchase exclusive NFTs. The program is intended to reward customers for their loyalty, provide them with deeper engagement opportunities, and create an immersive community experience.
ByteX, a platform for zero-collateral cryptocurrency loans and exchanges, has announced the release of a non-custodial setup that gives users the option of storing their digital assets in either an exchange wallet or a Metamask wallet. This follows the FTX collapse, which reduced the market capitalization of cryptocurrencies by about US$100 billion.
According to documents filed with the U.S. government, cryptocurrency hedge company BKCoin fired co-founder Kevin Kang in October for allegedly stealing US$12 million in assets from three multi-strategy funds. Florida Circuit Court. The documents, in the 11th circuit court covering Miami-Dade County, date back to Oct. 28 but have largely gone unnoticed.
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