Scrrum weekly digest for 1st week of november

Scrrum weekly digest for 1st week of november

Latest trending news about Twitter, Jio, Bitcoin, Xiaomi news.

Twitter Co-founder Jack Dorsey's New Social Media App 'BlueSky' Is Under Beta Testing

Jack Dorsey's new venture - a new decentralised application “BlueSky”, is in beta testing. BlueSky is being touted as an alternative or, Dorsey hoped, a replacement for Musk's Twitter.

According to BlueSky, the AT protocol, also known as "The Social Internet", is a network concept developed by Bluesky to support the coming wave of social applications.

“The AT Protocol is a new federated social network. It integrates ideas from the latest decentralised technologies into a simple, fast, and open network," BlueSky added.It works simultaneously with account portability, algorithmic selection, interoperability, and performance. Jack Dorsey aims to stabilise social networks as a whole by expanding the network to multiple entities rather than narrowing it down to one, "an open protocol for public communications".

Xiaomi closes its Indian financial services operation

Chinese smartphone maker Xiaomi Corp (1810. HK) has shut down its financial services business in India, four years after it was founded, a spokesman for Xiaomi India said on Friday.

A company spokesperson said, "As part of our annual strategic review and in response to an increased focus on our core business services, we closed Mi Financial Services in March 2022." 

Xiaomi recently removed its Mi Credit, which connects smartphone users to lending companies for quick loans, as well as Mi Pay apps from the local Play Store and its own app store.

Cryptoverse: Bitcoin wants to break its bond with stocks

After months of tears and tantrums, Bitcoin is looking to separate itself from the stock markets.

Cryptocurrency, which has been closely associated with tech stocks for much of its torrid 2022, is making one of its strongest efforts to break away from them.

Hovering around a one-month high near $20,500, Bitcoin is up more than 5% last week, beating the Nasdaq's 2% gain based on quarterly earnings from Microsoft, Alphabet, Meta, and Amazon.

Market participation has also declined, with the average daily trading volume for digital assets down to $61.3 million through Oct 25, a far cry from last November's daily volumes of around $700 million, according to data from Show CryptoCompare.

Elon Musk encourages staff to be prepared for mass layoffs while Twitter is down for some users

There's a lot going on at Twitter headquarters as Elon Musk prepares to lay off almost 50% of his employees. Twitter has stopped working for some users. The mobile app works well for users but not for the Twitter web platform Twitter website is unavailable for some of us at India Today. For some people, the website shows "Something went wrong, but don't worry - let's try again." 

Outage tracking website DownDetector also shows users reporting problems on Twitter. Affected users cannot log in to the Twitter website. The page is showing an error at the moment.

As Jio introduces its own satellite-based broadband in India, Elon Musk's Starlink is having trouble getting off the ground.

Reliance Jio on Monday announced it would launch satellite broadband services across India in partnership with Luxembourg-based telecoms company SES. The joint venture, named Jio Space Technology Limited, will lead the development of broadband services using a combination of geostationary (GEO) and medium-orbiting (MEO) satellite constellations. The broadband service will be able to offer multi-gigabit connections and bandwidth to businesses, mobile networks, and retail customers at a maximum speed of 100Gbps, Jio said.

Although there is no name for Jio's new satellite-based broadband service, it poses a threat to Elon Musk's Starlink, which is struggling to find a way to the homes of India's internet users.


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