Elon Musk fired Twitter’s top executives, Mara launches an African crypto wallet service, and Google Cloud launches its own node service.
Elon Musk fired Twitter’s top executives
Elon Musk finally officially acquired Twitter on October 27 and began his tenure by purging top executives.
Twitter CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde have been sacked for misinformation and misrepresentation regarding spam and fake accounts on the platform, according to multiple sources.
Musk tried to pull Twitter out of the deal last July, accusing the company of making “false and misleading statements” about the number of spam and fake accounts.
Now, with the completion of the acquisition deal, Musk plans to change the algorithms and eliminate all spam and fake accounts to avoid political repercussions, as well as turn Twitter into a bastion of freedom of speech.
On the other hand, Musk wrote “Chief Twit” in the description section of his account on Twitter on October 26 and shared the video taken while entering the company’s San Francisco headquarters with a reference phrase meaning “get it into your mind”.
Mara launches African crypto wallet service
Nearly 2 million users in Nigeria and Kenya are preparing to join a new cryptocurrency wallet backed by companies like Coinbase Ventures and Alameda Research.
Mara is a digital financial ecosystem project that started its journey with the launch of a cryptocurrency wallet for registered users in Nigeria. Part of the waiting list will be included in the crypto wallet through an invitation-only process that started on October 27 and continued with users in Kenya and Ghana.
The project in question has raised $23 million in a funding round led by Coinbase Ventures, Alameda Research, Huobi, as well as several other investors and venture capitalists, indicating that it is supported by key players in the cryptocurrency industry.
Mara wallet will offer crypto brokerage services through its app, as well as allow users to buy, send, sell and withdraw fiat and crypto. The app will also provide access to educational resources focused on cryptocurrencies and personal finance management.
The nonprofit Mara Foundation has also partnered with USD Coin issuer Circle and Euro Coin (EUROC) to increase the uptake of stablecoins.
Google Cloud launches its own node service
Google’s cloud computing platform Google Cloud has announced that it has launched an Ethereum-powered “node” service for Web3 developers. It was stated that the service named “Blockchain Node Engine” will allow developers to take advantage of Google Cloud when deploying a new ‘node’. It was also underlined that the service will make the process much easier, much faster and much safer for developers.
According to the transferred details; The Google Cloud Blockchain Node Engine will track “nodes” for developers and address any potential issues that may arise. The two main challenges the service will address will be the time it takes to roll out “nodes” and the effort required to keep “nodes” up and running. Aiming to eliminate these problems, the Blockchain Node Engine will also allow developers to have full control over where their “node” will be placed.
On the other hand; Ethereum, one of the most used networks in the world, will be the first blockchain powered by the Google Cloud Blockchain Node Engine.