Tesla CEO and Dogecoin superfan Elon Musk has pulled out of his $44 billion deal with Twitter citing concerns over “false and misleading representations.” One of the key concerns was a lack of data available to Musk to analyze the severity of the bot problem on the platform. The post Elon Musk pulls out of Twitter deal amid “false and misleading” information from Twitter appeared first on CryptoSlate.

BlockFi appears to be managing damage control as it sent out an email to users Wednesday evening for investors “looking for reassurance in this crypto bear market.” The email confirmed that BlockFi continues to put risk management first while navigating market volatility. The post BlockFi confirms it holds 50% of client funds in short-term positions with 10% in collateral appeared first on CryptoSlate.

FTX has “enough cash on hand to do a $2 billion deal if necessary” to help support the crypto industry through difficult times, CEO Sam Bankman-Fried told Reuters. The post FTX willing to use $2B in cash to bail out crypto industry, stop contagion appeared first on CryptoSlate.

The crypto industry is going through a tough time, but a prolonged bear market is nothing new for those who have been around the space since 2017. The post Industry insiders remain bullish, believe crypto winter will improve Web3 appeared first on CryptoSlate.

CryptoSlate caught up with Nirmala Shome, Head of Community for the NFT fashion platform The Fabricant at Blockdown 2022 in Croatia. The post Is crypto suffering from a lack of women in senior positions within web3 projects? appeared first on CryptoSlate.