| 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $17,079 | Bitcoin price is sitting above the $17,000 mark to begin the week, after a strong jump to as high as $17,400 overnight. | Top-20 altcoins are mostly unchanged over the last 24 hours of trading, as Ethereum and BNB each gain less than 1%, while Litecoin is the primary outlier with a 7% run. | Top Stories for December 5, 2022 🔥 | | Twitter may be developing a native cryptocurrency and integrating crypto payments, according to security researcher Jane Manchun Wong. | Wong found code for a vector image depicting a "Twitter Coin" in a recent version of the Twitter Web App, and also discovered a "Coins" section within the platform's "Tips" feature. However, it is not known if Twitter is actively working on these features. | Twitter CEO Elon Musk has previously expressed interest in incorporating crypto into the platform. | | USDC stablecoin issuer Circle has canceled its deal with special purpose acquisition company (SPAC) Concord Acquisition Corp, a move that would have helped the company to go public. | Circle has previously announced that it would go public in July of last year, at a valuation of $4.5 billion. This valuation doubled when the companies amended the terms of their deal earlier this year. | | Bybit and Swyftx have announced job cuts due to the downturn in the crypto market, with 30% of Bybit's staff expected to be laid off. | The move comes after the bankruptcy of crypto lender BlockFi and struggles faced by crypto brokerage Genesis. | Bybit CEO Ben Zhou said the cuts were necessary for the "long-term sustainability" of the trading platform. Swyftx did not disclose the number of job cuts it plans to make. |
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