Lark Davis dismisses the "ridiculous" allegations against him. â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â Market Activity Total Market Cap 948.15B
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Cardano Price[(ADA) $0,4366 (+1.19%)]( Editor's Note No Blockchain for Twitter In a series of recently released messages from a court filing for the upcoming Elon vs Twitter trial, weâve learned a few new things. One, that Elon Musk and Parag Agrawal did not get along. Two, that FTXâs Sam Bankman-Fried was willing to contribute a few billion to the Twitter acquisition, and three, that Elon Musk is firmly set against a blockchain-based Twitter. As we know now, SBF did not end up contributing any billions (not even one) to Muskâs campaign to buy Twitter. We also now know that Musk is doing everything legally possible to get out of buying Twitter, hence the current court case. However, taking a look down memory lane to the start of Muskâs Twitter bid, when he (and part of the world) were excited for how a Twitter takeover could change the site for the better, we find this conversation. One of SBFâs advisors reached out to Musk, asking to set up a meeting for fundraising, and noting that Bankman-Fried would be interested in developing Twitter onto the blockchain. Musk replies: Blockchain twitter isnât possible, as the bandwidth and latency requirements cannot be supported by a peer to peer network, unless those âpeersâ are absolutely gigantic, thus defeating the purpose of a decentralized network. And agrees to a meeting âSo long as I donât have to have a laborious blockchain debate.â Back in April, Bankman-Fried had tweeted a 10 tweet-long thread on how a decentralized Twitter could play out, ending with âanyway, some rambling thoughts, in case there's anyone it happens to be useful for.â It turns out that in the background, in that same month, he was out there actively trying to get in touch with Musk and hoped that this was the kind of âjust in caseâ idea that would be useful for Musk. The SBF blockchain Twitter idea was quickly shut down by Musk (and their connection came to nothing), but now Musk is trying to shut down his own Twitter deal as well. What does this all mean? If two negatives equal a positive, then it could open up the possibility for a Musk-free, blockchain-full Twitter. Maybe even an SBF-full, blockchain-full Twitter. Or perhaps, most likely and least headline-worthy, a Musk-and-SBF-less and blockchain-less Twitter. CMC-Community Spotlight of the Day Forks]( In todayâs CMC Community Spotlight, EthereumFair breaks down some frequently asked questions about how their Ethereum fork works. Todayâs Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Todayâs Top Stories ] denies 'ridiculous' allegations]( ð Self-styled "on-chain sleuth" ZachXBT has accused crypto influencer Lark Davis of promoting low-cap projects to his audience â "just to dump on them shortly after." In a thread published on Thursday, Zach gave eight examples, and said he had discovered Lark's wallet after linking it to an NFT posted on Twitter. Davis has shot back against the allegations, describing them as "ridiculous." ZachXBT claimed $1.2 million in low-cap altcoins was offloaded in these cases â describing it as "one of the more egregious instances of dumping on followers I've seen." Davis said selling tokens after launch is "common investing practice," adding: "There is also nothing wrong with selling and making money." and Instagram ramp up NFT rolloutâ¦]( ð¥ Every Facebook and Instagram user in the U.S. can now share their NFTs â and cross-post them across both social networks. Meta has also confirmed that everyone in the 100 countries where digital collectibles are available on Instagram can now access the feature. Slowly but surely, the tech giant has been rolling out crypto collectibles to its users â and says no fees are associated with posting or sharing NFTs. It means that millions of people can now interact with non-fungible tokens on mainstream sites, in what could be a watershed moment for adoption. Tests have been taking place for several months. Mark Zuckerberg has also been getting in on the action â and selling an NFT version of his childhood baseball card. storm clouds are gathering at Meta]( ð© All of this comes as clouds begin to form at Meta, with Mark Zuckerberg announcing plans to reduce the company's headcount for the first time ever. According to Bloomberg, the firm is planning its first major budget cut since launching in 2004 â with teams restructured to trim expenses. Zuckerberg was quoted as saying: "I had hoped the economy would have more clearly stabilized by now. But from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively." Meta has been struggling to contend with stiff competition from TikTok, which is enticing away younger users. The social network has also been aggressively investing in the metaverse, but some analysts remain skeptical. the bear market could be a good thing]( ð¬ The dramatic crash in the crypto markets is a good thing, according to executives. Speaking at the Bloomberg Technology Summit in London, Atomico partner Irina Haivas said the collapse in prices had weeded out "tourists." She welcomed the fact that hype had left the market â and argued that crypto entrepreneurs "want to build something more sustainable rather than speculate around it." Another panelist, Revolut's Edward Cooper, said the bear market has also taken care of crypto companies that emerged without a viable business model. He added: "Then the tide goes out and the ones with good business models survive and they become stronger." Thanks for reading! Have a great day â more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States