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forklog.media Snap to Replace 1,000 Employees with AI to Save $500 Million

Snap plans to cut around 1,000 employees, approximately 16% of its global workforce. This move is part of CEO Evan Spiegel's strategy to reduce costs and achieve profitability, according to Bloomberg. In a letter to staff, the company's head emphasized that workforce optimization is necessary to enhance efficiency. He mentioned advancements in artificial intelligence technologies that enable employees to perform their tasks much faster. “While changes are necessary to realize Snap's long-term potential, we believe that advancements in AI allow our teams to reduce routine work, increase speed, and better support the community, partners, and advertisers,” the entrepreneur stated. In addition to layoffs, the company has canceled hiring for more than 300 open positions. According to Spiegel, these measures will reduce annual expenses by more than $500 million by the second half of the current year. The company's total revenue in the first quarter increased by 12%, reaching $1.53 billion. “Last fall, I described the situation at Snap as a turning point, requiring the implementation of a new, faster, and more efficient approach to work, as well as a refocus on profitable growth,” the executive wrote in a memo. He added that in recent months, the leadership has carefully analyzed the necessary measures to “serve the community and partners” and made “difficult decisions about prioritizing investments.” Since the beginning of the year, Snap's shares have fallen by 25%. One reason is the challenge of expanding its user base, exacerbated by regulatory pressures from various countries. These regulators seek to limit the use of social networks by teenagers. Snap's shares. Source: Yahoo Finance. The company's efforts to reorganize its advertising business have yielded mixed results. While CEO Evan Spiegel promotes the concept of augmented reality glasses, the firm continues to rely heavily on third-party AI solutions. Meanwhile, competitors are actively investing in developing their own AI tools and necessary infrastructure. The workforce reduction occurred a few weeks after investor Irenic Capital Management acquired a stake in the company and called for rapid changes to improve financial performance. Layoffs as a Broad Trend Other major tech companies have also conducted significant layoffs. For instance, Meta laid off hundreds of employees worldwide in March and cut around 1,000 people from its Reality Labs division in January. Simultaneously, the company is increasing its investments in artificial intelligence. In February, Block CEO Jack Dorsey announced the layoff of nearly 4,000 employees. The decision is related to the firm's transition to a “more compact, flat, and AI-focused” structure. According to Dorsey, artificial intelligence and related tools are fundamentally changing work principles. Despite financial stability and gross profit growth, Block is forced to restructure its business for long-term development. In April, Oracle began laying off thousands of employees amid falling stock prices and significant capital expenditures on AI infrastructure. The company's core business faces challenges due to competition from generative AI models. Additionally, investors are concerned about increasing debt and shrinking cash flows. Silicon Valley IT corporations have moved from recommending AI adoption to policies requiring employees to use neural networks in their work. Nearly half of firms already report positive returns on investments in generative AI. In comparison, this figure averages 35% in other industries. Some employers have even stopped considering candidates without skills in working with neural networks. Potential employees undergo testing on their ability to solve tasks using AI and must explain their choice of tools and prompts. Earlier in February, OpenAI CEO Sam Altman stated that some companies use artificial intelligence as a pretext for layoffs.

blockonomi.com Tennessee Senate to Review State Bitcoin Reserve Bill

TLDR Tennessee Senate Finance Committee will review SB 2639 on April 21 to consider creating a state Bitcoin reserve. The bill would allow the State Treasurer to invest up to 10% of certain public funds in Bitcoin. Annual Bitcoin purchases would be limited to 5% of each eligible fund until the cap is reached. The [...] The post Tennessee Senate to Review State Bitcoin Reserve Bill appeared first on Blockonomi.

cryptobriefing.com Luke Gromen: Closure of the Strait of Hormuz could trigger nonlinear supply chain breaks, US faces a critical choice between economic contraction and monetary expansion, and significant food inflation is on the horizon | Macro Voices

Closure of the Strait of Hormuz threatens global supply chains and could trigger significant market disruptions. The post Luke Gromen: Closure of the Strait of Hormuz could trigger nonlinear supply chain breaks, US faces a critical choice between economic contraction and monetary expansion, and significant food inflation is on the horizon | Macro Voices appeared first on Crypto Briefing.

blockonomi.com Exodus Expands Native XRPL Support for XRP and RLUSD

TLDR Exodus Movement has expanded its native integration with the XRPL network across its software wallet platform. The update introduces enhanced in-wallet tools for managing and sending XRP directly. Exodus has added support for Ripple USD RLUSD within the XRPL ecosystem. Users can store, send, and swap XRP and RLUSD while maintaining full control of [...] The post Exodus Expands Native XRPL Support for XRP and RLUSD appeared first on Blockonomi.

blockonomi.com CFTC Chair Michael Selig Grilled Over Prediction Markets

TLDR Lawmakers questioned CFTC Chair Michael Selig over oversight of prediction markets tied to political events and deaths. Rep. Jim Costa criticized certain contracts and said “This is nuts” during the House hearing. The CFTC said it has exclusive jurisdiction and issued a proposed rulemaking notice in March. Republican Rep. Austin Scott raised concerns about [...] The post CFTC Chair Michael Selig Grilled Over Prediction Markets appeared first on Blockonomi.

news.bitcoin.com Crossmint’s Lobster.cash Integrates Mastercard Agent Pay for Agentic Commerce

Lobster.cash, the artificial intelligence (AI) agent payment platform built by Crossmint, announced this week that it will integrate Mastercard Agent Pay and Verifiable Intent, allowing AI agents to process purchases against cardholders’ existing Mastercard accounts. Key Takeaways: Lobster.cash and Mastercard will let Openclaw’s 1 million-plus AI agents charge purchases to existing Mastercard cards. The Verifiable […]

cryptobriefing.com Freddie New: Currency debasement leads to economic instability, historical parallels with Rome reveal modern risks, and the cyclical trap of money printing | The Peter McCormack Show

Historical currency debasement patterns reveal insights into modern economic instability and sovereign debt challenges. The post Freddie New: Currency debasement leads to economic instability, historical parallels with Rome reveal modern risks, and the cyclical trap of money printing | The Peter McCormack Show appeared first on Crypto Briefing.

blockonomi.com X Money Eyes U.S. Payments, Faces Crypto Law Hurdles

TLDR Mizuho analysts said X Money could disrupt U.S. payments and pressure PayPal and Venmo. The analysts downgraded PayPal stock to a neutral rating due to competitive risks. X Money plans to launch in April as part of Elon Musk’s broader everything app strategy. New York’s proposed CRYPTO Act could complicate X Money’s future crypto [...] The post X Money Eyes U.S. Payments, Faces Crypto Law Hurdles appeared first on Blockonomi.

bitcoinmagazine.com Bitcoin Scholars Fund Launches With $21 Million Goal to Bring Bitcoin Education to K–12 Schools

Bitcoin Magazine Bitcoin Scholars Fund Launches With $21 Million Goal to Bring Bitcoin Education to K–12 Schools Bitcoin Scholars Fund aims to redirect $21 million in federal tax credits into K–12 Bitcoin education, offering donors a “net cost $0” way to fund curricula. This post Bitcoin Scholars Fund Launches With $21 Million Goal to Bring Bitcoin Education to K–12 Schools first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com AllUnity Expands EURAU Across Major DeFi Exchanges

TLDR AllUnity expanded its MiCA-regulated EURAU stablecoin into major decentralized exchanges, including Uniswap and Raydium. The rollout includes EURAU trading pairs against USDT on Ethereum and Solana, and against USDT0 on Tempo. AllUnity operates under a BaFin-issued Electronic Money Institution license obtained in July 2025. The company launched EURAU on July 31, 2025, and continues [...] The post AllUnity Expands EURAU Across Major DeFi Exchanges appeared first on Blockonomi.

blockonomi.com Bet365 Alternatives: Why ZunaBet Is on Every Player’s Radar in 2026

Bet365 has been a household name in online gambling for over two decades. Launched in the UK in 2000, it grew into one of the largest betting platforms in the world, covering sports, casino, poker, and live dealer games. Millions of players use it, and its reputation is well established. But a growing segment of [...] The post Bet365 Alternatives: Why ZunaBet Is on Every Player’s Radar in 2026 appeared first on Blockonomi.

bitcoinist.com Blockchain Is South Korea’s New Fiscal Weapon — A Blow To Privacy?

South Korea is kicking off a pilot that will replace government expense credit cards with blockchain‑based deposit tokens. Blockchain Goes TradFi? The Ministry of Finance and Economy announced on an official press release that the pilot project for the execution of national treasury funds using blockchain‑based digital currency has been approved. This new official venture […]

news.bitcoin.com Bitcoin’s Tug of War at $75K Leaves Traders Bruised; Analyst Eyes $85K by Late April

Bitcoin has experienced significant volatility over the last 24 hours, repeatedly testing the $75,000 resistance level before settling near $74,200. Key Takeaways Bitcoin repeatedly tested $75,000 on April 16, resulting in $137 million in total trader liquidations. Coinglass data shows 8,061 traders were liquidated as BTC price volatility exceeded 2.94% in 24 hours. MEXC Research […]

news.bitcoin.com Cardano Founder Hoskinson: Bitcoin’s Quantum Fix Is a Hard Fork in Disguise

Cardano founder Charles Hoskinson said Bitcoin’s proposed quantum fix, BIP 361, would effectively confiscate 1.7 million BTC while misrepresenting the scope of changes required to pull it off. Key Takeaways: Cardano founder Charles Hoskinson says BIP 361 misclassifies its own fix, requiring a hard fork Bitcoin has never executed. As of March 1, 2026, over […]

blockmanity.com Major Blow to Crime: CAB and Europol Seize €30M Crypto in Historic Raid

What Happened in This Big Crypto Seizure? In a stunning move, Ireland’s Criminal Assets Bureau (CAB) teamed up with Europe’s top police agency, Europol, to grab cryptocurrency worth €30 million. This cash came from illegal activities. The raid shows how […] The post Major Blow to Crime: CAB and Europol Seize €30M Crypto in Historic Raid appeared first on Blockmanity.

blockonomi.com Bitcoin Price Prediction Flips Bullish After Strategy Loads $1 Billion in BTC but Pepeto Is the Best Crypto to Buy Now

The bitcoin price prediction is running hot after Strategy dropped $1 billion on 13,927 BTC in a single week, lifting total holdings to 780,897 coins and leaving the company just 19,103 BTC from the 800,000 mark, per CoinDesk. That kind of corporate conviction while the Fear and Greed Index sits at 12 tells you exactly [...] The post Bitcoin Price Prediction Flips Bullish After Strategy Loads $1 Billion in BTC but Pepeto Is the Best Crypto to Buy Now appeared first on Blockonomi.

blockonomi.com XRP Stalls, ETH Strengthens, and BlockDAG Breaks Into 2026’s Top Crypto Gainers With 195x ROI Potential!

Big opportunities are lining up in crypto right now, and the smart money is already paying attention. The XRP price prediction models are pointing to a critical support test that could either trigger a historic breakout or a sharp correction. The Ethereum price forecast 2026 is also getting a vote of confidence from institutional buyers [...] The post XRP Stalls, ETH Strengthens, and BlockDAG Breaks Into 2026’s Top Crypto Gainers With 195x ROI Potential! appeared first on Blockonomi.

btcmanager.com BlockDAG goes live on BingX as $0.000000726 window tightens while BTC and DOT signal shifting market trends

Bitcoin Cash and Polkadot show mixed trends, driving interest in early-stage projects like BlockDAG amid shifting market sentiment. Price action across major crypto names is starting to feel uneven again as traders reassess Bitcoin Cash price prediction and where range-bound…

blockonomi.com High-Growth Technology Stocks in the Spotlight: Taiwan Semiconductor (TSM), Nvidia (NVDA), and AMD Lead This Week

TSMC, Nvidia, AMD, Netflix, and ServiceNow lead this week's growth stocks with earnings reports and AI innovations driving semiconductor and tech sectors. The post High-Growth Technology Stocks in the Spotlight: Taiwan Semiconductor (TSM), Nvidia (NVDA), and AMD Lead This Week appeared first on Blockonomi.