Twitter Welcomes Kanye West After His ‘Verbal Fast’! FTX Owes US$3.1 Billion to its Biggest Creditors
Good morning tech fam, here are some quick tech updates for you to catch on to!
What’s New Today: Google Maps will soon introduce an AR-based search feature for Maps in September. The company is preparing to roll out the upgrade for select cities.
Fast-Track Insights: The Korea Financial Intelligence Unit has noticed that listing native cryptocurrencies has led to the demise of several exchanges and ecosystems this year and is currently leading a probe into such businesses.
Rapper Kanye West has returned to Twitter once again, over a month, after his Twitter and Instagram accounts were restricted. It was his first post almost three weeks after he said that he is taking a ‘verbal fast’ for 30 days. Twitter’s new owner, Elon Musk also welcomed him back to the platform. Earlier, Kanye’s social media accounts were restricted due to the violation of the social media platform’s policies.
Google revealed an augmented reality-based live-view search feature for Maps back in September, and the company is now prepared to roll out this upgrade. The new functionality will be made available in selected cities starting with Los Angeles, London, New York, Paris, San Francisco, and Tokyo. The Live View mode will overlay arrows on top of the user’s surroundings as well as point to landmarks or other places that are looking for.
India will reportedly take over the Chair of the Global Partnership on Artificial Intelligence for 2022-23 at a meeting of the body in Tokyo. During the election to the Council Chair, India had received more than a two-thirds majority of first-preference votes, whereas, Canada and the USA ranked among the next two best places in the tally- so they were elected for the next two additional government seats on the Steering Committee.
Cryptocurrency exchange FTX owes more than US$3.1 billion to its 50 largest creditors. The embattled firm, which filed for bankruptcy in the US last week claims that it owes almost over US$1.46 billion to its top ten creditors. The collapse of the world’s second-largest crypto exchange has currently shaken confidence in the already declining crypto market.
Investigations have revealed that almost all crypto exchanges have performed lawful operations across South Korea, however, there are still certain exchanges that have listed native cryptocurrencies in their exchanges. Native cryptocurrencies have turned out to be the biggest factors contributing to the demise of numerous exchanges and ecosystems this year, the most recent example is the collapse of FTX.