Chain News by Thebittimes.Com

The massive Twitter takeover by Elon Musk has garnered attention on a global scale. On October 27, 2022, Musk closed the acquisition deal of Twitter for $44 billion. Immediately after the takeover, Musk started his work by initially firing some of the top executives. This included the firing of former CEO Parag Agrawal. What comes next for the dominant social media platform has also been a topic of discussion. Musk has stacked up several plans for the social media giant. However, not all were made public by him. In one of his recent tweets, Elon Musk unveiled the changes for Twitter Blue. JUST IN: Elon Musk says Twitter Blue will cost $8 per month. — Watcher.Guru (@WatcherGuru) November 1, 2022 Elon Musk discusses what comes with $8 Twitter Blue subscription. Elon Musk revealed in one of his recent tweets that “ Twitter ’s current lords & peasants system for who has or doesn&rsquo ;t have a blue checkmark is bullshit.” Musk stated that Twit...

Source: iStock/standret The US Department of Justice has revamped a probe into whether Tether’s executives committed bank fraud in the early days of the stablecoin.  According to a Bloomberg report, the investigation has been transferred to another team within the DOJ and is now directed by US Attorney Damian Williams of Manhattan in the Southern District of New York (SDNY).  In July last year, Bloomberg claimed federal prosecutors in Washington were investigating whether top officials at Tether hid the nature of its crypto-related transactions and deceived its banking partners during the fledgling days of its business. "But after months of legal wrangling, the case has been transferred within the department, according to people familiar with the matter," the report said, adding that Williams, who has been one of the most "aggressive" in pursuing suspected cryptocurrency crimes, took over the inquiry in recent weeks. Citing former federal prosec...