Connect with us

Economy

According to the director of Twitter, buying cryptocurrencies is not worth it now.

Published

on

According to the director of Twitter, buying cryptocurrencies is not worth it now.

Ned Segal, Twitter’s CFO, said Wall Street Magazine that at the moment there is no point in buying cryptocurrency. The speech takes place simultaneously with the launch of the team of the social network dedicated to cryptocurrencies.

Under the pretext of needing to restructure its investment policy, Twitter has probably been unable to make good money in recent years without bitcoins in its box. Even Jack Dorsey, the bitcoin-loving founder of Twitter, failed to achieve this.

Though Square inc, another Dorsey company already has bitcoins in the box, and also Twitter itself has bitcoin transfer implementations, it’s time for Twitter to get off the fence investing in bitcoins, not just pretty hashtags.

dissenting opinions

While Jack Dorsey, the founder and CEO of Twitter, is a big supporter of Bitcoin, Ned Segal, the company’s chief financial officer, does not seem to be such a fan of the world’s largest cryptocurrency.

While Square Inc, another Dorsey company, already has Bitcoin in the box, as do other companies like Tesla and MicroStrategy, Twitter seems far from that path. Segal says that for this to be possible, several decisions and changes need to be made.

“We will have to change our investment policy and choose more volatile assets. […] If we had cryptocurrencies on our balance sheet, we would have to make a different set of decisions. “these Ned Segal, CFO, are doing Twitter

Twitter has approximately $ 3.47 billion (£ 19 billion) in cash and other assets, according to a September report. If he were to convert some of that amount into bitcoins, it would be one of the companies that has more cryptocurrency in cash. Currently, the largest of these is MicroStrategy com 114,042 BTC (R $ 38).

See also  Tech, Retail and Powell Beat Wall Street - Markets in a Minute

No bitcoins in the box, but with bitcoins on the platform

While Twitter’s CFO seems reluctant to devote some of the company’s cash to bitcoin, the platform is gradually allowing its users to use bitcoin internally to interact with other users.

The biggest case was introduction of a tip system – Tips that can be sent to others – You can support content creators, for example, through the Lightning Network. However, today the service is only available in a few countries, such as the United States and El Salvador.

Other use cases, such as the possible integration of using NFT as an avatar, are also being developed by Twitter, which doesn’t have a release date yet. In addition, the company also created a team dedicated to cryptocurrencies, claiming to be gearing up for Web 3.0 focused on decentralized work and user rewards.

Finally, it remains to be seen when Twitter will bet on bitcoins, instead of putting the bitcoin symbol next to its hashtag, the company needs to put its hand on the fire by putting a few bitcoins in its pocket.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  Tesla's Inventory Break up: This is What It will Glance Like When It Happens

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending