Elon Musk Under Federal Investigation! Crypto Market Plunges Due to Hot CPI Statistics

Elon Musk

Read today’s top tech news to learn more about the FBI inquiry into Elon Musk’s Twitter transaction!
Here are some short tech updates for you to take note of this morning, tech family!

What’s New Today: Federal authorities are looking into Elon Musk’s $44 billion Twitter acquisition!

Fast-Track Insights: With the theft of about US$700 million this year, October has emerged as the greatest month for cryptocurrency fraudsters.

Federal authorities are looking into Elon Musk’s $44 billion contract for the acquisition of Twitter. The document said that he was under investigation, but it omitted to state the specific reason for the inquiry or the context in which federal agents were conducting it. Earlier, Elon was forced to finalize the acquisition when Twitter sued him in July. The business now asserts that Musk refused to turn over any papers without justification and asserted his investigative privilege.

The new Surface tablet and laptop were among the new Surface products that were unveiled during the Microsoft Surface event. The Surface Pro 9 tablet, Surface Laptop 5, Surface Studio 2+, and numerous other announcements related to the success of the Xbox Adaptive Controller were also announced at the event. Microsoft also unveiled the line of adaptive accessories, which includes an adaptable mouse and a hub that can be connected wirelessly or through a USB-C connection.

The hiring freeze in large tech turns out to be advantageous for US entrepreneurs! Since the major corporations declined to continue the hiring process this year, entrepreneurs all around the world are snatching up the rich tech talent pool. Corporations with a consistent revenue flow from marketable products are luring smart and qualified workers away from giant tech companies with generous compensation packages.

Due to the general adverse market tendencies brought on by the Consumer Price Index (CPI) report of 8.2%, which was “worse-beyond-expectations,” bitcoin experienced a sharp decline. The disclosure of this index will have an impact on both the cryptocurrency market and the international financial markets. According to the statistics, Bitcoin has been the most severely affected cryptocurrency; after the data was published, it fell by 3%.

The greatest month for cryptocurrency fraudsters was October, when they were able to steal from DeFi protocols in eleven distinct attacks, totaling almost US$700 million. October is the worst month for cryptocurrency, and with only two weeks left until the end of the month, experts are concerned about the scams that fraudsters may have up their sleeves.

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