BITCOIN

Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained. Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’ Tesla and Spacex CEO Elon Musk’s lawyer sent a letter to Twitter Inc. Friday regarding Musk’s offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission (SEC), states: Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement. The letter claims that Twitter “made false and misleading representations” and Musk relied on them when he signed the merger agreement between Twitter and his companies: X Holdings I Inc. and X Holdings II Inc. The lawyer explained that Twitter has not complied with its contractual obligations to provide necessary data to Musk. For nearly two m

Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited to just a chain and an ecosystem tied to a certain token. Metao to Focus on Interoperability Blockchain is becoming a big element in several companies that are trying to mix gaming with cryptocurrency. Jason Fung, who was the gaming boss at Tiktok, one of the biggest video-based social networks, is reportedly launching a blockchain-based gaming company. Metao, as the startup is being called, will focus on offering a framework for other companies to build blockchain-based games, in the same way in which companies like Unity license their tech to others. This would make the lives of developers easier, focusing just on the content while dropping the complexities of integrating these mechanisms by themselves