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Did you hear SBF tried to pay Taylor Swift $100m?!

SBF tried to pay Taylor Swift $100m, Telegram's no-sim signup, and recent crypto lay offs

December 09, 2022

GM Baos,

SWIFTIES UNITE. Let's go Taylor for not accepting $100m of our money to promote FTX 🤧

We cover:

  • Questionable decisions made by SBF

  • Blockchain powered phone numbers

  • A list of recent crypto lay offs

The partnership that never was...

I know, I'm tired of hearing about FTX too. Did you hear about this though!? 

Sam Bankman- Fried (SBF) reportedly tried to get Taylor Swift to endorse FTX. He was willing to pay her $100m for a sponsorship 😳. The deal was intended to revolve around her upcoming world tour and even releasing NFTs together as part of it. 

Many FTX executives including former FTX US President Brett Harrison disagreed with the deal. They thought the deal was too expensive and questioned how strategic it was. Would her audience be keen to crypto trading?

Aside from her massive fanbase, a sponsorship with Taylor Swift is SO random. What are your thoughts?

Telegram 🤝 Blockchain technology 

Telegram has never showed your phone number to anyone, but now you can sign up without using a phone number at all. Privacy for the win 🙌

As part of their 9.2 update from December 6th, you can buy a blockchain-powered anonymous numbers to use on Telegram's messenger app. How does it work? You buy a fake number for 9 TON on Fragment (Telegram's decentralized action platform), then that number is used to receive verification codes. 

Read more of what's included in the latest update here. 

More crypto lay offs 😬

This is the crypto winter they warned you about in the mist of the bull run. As market conditions have gotten worse and trading is volume low, there are new reports of layoffs every week. Here's a round up of recent lay offs: 

Cryptocurrency exchange Kraken cut its workforce by 30% (1,100 employees). Stating they tried to slow hiring and marketing efforts, but it wasn't enough. Employees let go will receive 16 weeks pay, four months of health care coverage and immigration support if they need it. 

Bybit, another large exchange will lay off 30% of their workforce. CEO Ben Zhou tweeted it's to refocus in a "deepening bear market".

Tax startup Koinly laid off 14% (16 employees). CEO Robin Singh said in a statement, "We are taking measures to ensure we're as lean as possible as we make our way through the crypto winter".

Australian crypto exchange Swyftx cut 35% (90 employees) of their workforce. A spokesperson told Cointelegraph, "Swyftx maintains strong revenue but we're not willing to take any risks post- FTX and are being exceptionally cautious about costs next year". 

Gamestop let go of more employees in their 4th set of lay offs this year. Their crypto wallet division being affected the most.

These lay offs are really sad to hear about especially before the holidays. However, if you've been looking for a job in crypto, I wouldn't completely get your hopes up. There are still amazing companies in this industry who are hiring and market conditions will eventually get better! Don't give up 😉

Bao-Sized News

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Have an amazing weekend y'all 🥟

–Cassidy