Hey Waivly Crew! 🌊 Elon Musk will create his own smartphone if Apple and Google remove Twitter from their app stores. Binance has released its Proof of Reserves System. 🛍 Black Friday Special offer - Get 50% off 🛍 Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard! Elon Musk may create his own smartphone
Elon Musk on Friday said he would create his own smartphone if Apple and Google remove Twitter from their app stores. After sparking controversy by granting “general amnesty” to suspended accounts, Musk responded to right-wing podcaster Liz Wheeler’s suggestion that he should create a new phone if the tech giants choose to deplatform Twitter. Wheeler pointed out that the endeavour would be easy for a man who “builds rockets to Mars,” and claimed that “half the country would happily ditch the biased, snooping iPhone & Android” and purchase the “tELONpHONE.” “I certainly hope it does not come to that, but, yes, if there is no other choice, I will make an alternative phone,” Musk replied. This comes shortly after Phil Schiller, the former Apple executive who still oversees the App Store, deleted his Twitter account for unknown reasons. Binance releases Proof of Reserves system
Binance, the world’s largest crypto exchange, released its Proof of reserves (PoR) system on Friday, which it said “is the next step in its “commitment to transparency and fostering trust in the ecosystem.” According to the announcement, the launch of the PoR system initially starts with Bitcoin (BTC), with other tokens and networks to be added in the next couple of weeks.  As part of our ongoing commitment to transparency, we have provided new updates on #Binance’s Proof of Reserves. Further updates for $ETH, $USDT, $USDC, #BUSD & #BNB will be coming in the near future. Stay tuned. “When we say Proof of Reserves, we are specifically referring to those assets that we hold in custody for users,” said Binance. “This means that we are showing evidence and proof that Binance has funds that cover all of our users assets 1:1, as well as some reserves.” Binance provided a snapshot of account balances along with its own Bitcoin reserves as of 23:59 UTC on November 22, 2022. The exchange disclosed it has 582,485 BTC in its reserves, while its users have a net balance of 575,742 BTC — giving Binance a reserve ratio of 101%. Users can also verify their assets on the platform using a Merkle tree—a cryptographic tool that enables the consolidation of large amounts of data into a single hash. Not everyone in the crypto space appreciated Binance’s transparency. In a Twitter thread, Kraken co-founder Jesse Powell stated: “ The Merkle tree is just hand wavy bulls*** without an auditor to make sure you didn’t include accounts with negative balances.” Join The Waivly Discord
We’re on Discord! Our Discord is a place for everyone in the Waivly Crew and those surrounding the areas we’re involved in to come together, talk all things future-led such as NFTs, crypto, and Web3, and meet new people 🙌 Click here to join our Discord server. The Waves✔️ Twitter to launch grey & gold verification checks 👀 CME Head appears to say he bribed CTFC official 🚨 Coinsquare confirms data breach 🌴 Argentina's Ripio sets up shop in Florida NFT Special
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Several U.S. state regulators have launched investigations into cryptocurrency lending firm Genesis Global Capital, according to a report from Barron's. Alabama Securities Commission Director, Joseph Borg, told Barron’s that his agency and "several other states" are part of the investigations, which focus on whether Genesis and other crypto firms enticed residents to invest in crypto securities without having the proper registrations. The investigations are another step in Genesis’ downfall, after the firm disclosed it had around $175 million worth of funds locked on FTX. On November 16th, Genesis announced it had temporarily suspended withdrawals, citing “unprecedented market turmoil” following FTX's collapse. Earlier this week, Genesis hired investment banking advisory firm Moelis & Co. to explore its options, including a potential bankruptcy. "We've begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG," Genesis interim CEO Derar Islim said. "We expect to expand these conversations in the coming days," noting that Moelis was hired to fast-track these talks. In addition to its exposure to FTX, Genesis has yet to recover from the collapse of Three Arrow Capital (3AC) in July, which left the firm with a $2.3 billion debt. With Noom's psychology, you can lose weight
Hot take: losing weight is less about dieting and more about psychology. That's why so many trust Noom Weight to help them get healthy and reach their weight loss goals. Learn the skills you need to achieve lasting results with help from Noom. Share The WaveThat wraps up today's Waivly edition. Thank you for reading through and we hope you liked today's content. Do you know someone else who would like Waivly just as much as you do? Send them to our website and get them onboard the Waivly Crew so they can enjoy daily Waivly editions too! Get more from us on Twitter, Instagram, and TikTok. ㅤ Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!
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