[ad_1] <br><div><div class="featured"> <img width="1000" height="600" src="https://www.crypto-news-flash.com/wp-content/uploads/2019/04/mk1one-Dogecoin5-1000x600.jpg" class="attachment-main-featured size-main-featured wp-post-image" alt="" decoding="async" title="Dogecoin investors watch out: Twitter and Elon Musk stop crypto wallet development – DOGE drops sharply"/></div><ul><li><strong>Since Musk’s Twitter takeover, DOGE’s value has surged by over 200 p.c.</strong></li><li><strong>A Bloomberg report claims that Musk plans to put off over 50 p.c of social community employees.</strong></li></ul><hr/><p>In response to a number of <a target="_blank" href="https://www.coindesk.com/business/2022/11/04/twitter-halts-work-on-crypto-wallet-report-dogecoin-drops-4/" rel="nofollow noopener">reports</a>, social media platform, Twitter, has paused plans to create a crypto pockets following a raft of modifications within the platform’s construction. New Twitter proprietor, Elon Musk, has been making a number of modifications to Twitter since finishing his takeover of the social platform. Consequently, one report learn, “the plan to construct a Twitter crypto pockets is now on ice.”</p><p>The worth of the meme-themed coin DOGE dropped by almost 10 p.c following the information. DOGE has constantly trended positively or negatively every time Musk makes any pronouncement or takes crypto-related actions. Musk has by no means hidden his love for the meme-themed crypto asset.</p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="und" dir="ltr">😉 <a target="_blank" href="https://t.co/eaIYaDRBnu" rel="noopener">pic.twitter.com/eaIYaDRBnu</a></p><p>— Elon Musk (@elonmusk) <a target="_blank" href="https://twitter.com/elonmusk/status/1587297730631696384?ref_src=twsrc%5Etfw" rel="noopener">November 1, 2022</a></p></blockquote><p>As Musk accomplished his Twitter takeover final week, DOGE’s value <a target="_blank" href="https://www.crypto-news-flash.com/dogecoin-will-pass-ath-as-elon-musk-confirms-integration-to-twitter-here-are-the-details/" rel="noopener">spiked </a>by greater than 200 p.c. It reached a peak value because it did in April, fueling optimism that Musk may launch crypto-favorable applications on Twitter.</p><h3>Is that this Musk’s Twitter plan?</h3><p>A Bloomberg report on Thursday cited sources conversant in the matter and claimed that the social platform will nonetheless lay off extra employees members. Musk fired the platform’s chief govt and different top-level executives this previous week. Nevertheless, the world’s richest man reiterates that the modifications will proceed until he achieves his imaginative and prescient for the platform.</p><div class="nso_single_social"><p>Observe us for the most recent crypto information!</p></div><p>Twitter has but to subject any official assertion concerning creating a crypto pockets. Moreover, the platform has not granted any media interviews or answered any questions from the media concerning the matter.</p><p>As the large layoffs proceed, Twitter’s bodily places of work stay closed as of Friday morning. Whereas some Twitter employees gained’t thoughts the severance bundle with the dismissal, others plan to hunt redress in court docket.</p><p>In the meantime, lawyer Shannon liss-Riordan has filed a class-action lawsuit in opposition to Twitter on behalf of the affected employees. The lawsuit claims that Twitter violated the Employee Adjustment and Retraining Notification (WARN) act following the sacking of lots of its staff.</p><p>Below the warn act in California’s labor legal guidelines, employers should give a 60-day discover to staff prone to be affected by a mass sacking. If the court docket finds Twitter responsible of violating the warn act, the platform must pay billions in compensation and advantages to the affected employees.</p><p>However, a subsidiary of the US Treasury, CFIUS, is contemplating whether or not it has the clearance to research Musk’s Twitter takeover. DOGE value stays downward following the information of a pause on Twitter crypto wallets.</p><p>In response to our information, the meme-themed coin is down 3.02 p.c within the final 24 hours and trades at $0.127. Equally, the MASK token is down by 20 p.c. This token is one many speculate Twitter would use to help crypto funds.</p></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script><script async defer crossorigin="anonymous" src="https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v6.0&appId=1013315845685396&autoLogAppEvents=1"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMihwFodHRwczovL3d3dy5jcnlwdG8tbmV3cy1mbGFzaC5jb20vZG9nZWNvaW4taW52ZXN0b3JzLXdhdGNoLW91dC10d2l0dGVyLWFuZC1lbG9uLW11c2stc3RvcC1jcnlwdG8td2FsbGV0LWRldmVsb3BtZW50LWRvZ2UtZHJvcHMtc2hhcnBseS_SAQA?oc=5">Source link </a>