💼 Lower Paid Workers Are Earning Huge Sums from Crypto & Quitting Jobs, Says a Survey

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Lower Paid Workers Are Earning Huge Sums from Crypto & Quitting Jobs, Says a Survey

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Data from a recent survey report suggests that a few low-paid workers are quitting their jobs after making life-changing profits from their crypto assets.

According to a survey conducted by analytics firm Civic Science, about 4% of 6741 respondents aged 18 and above had quit their jobs in the past year mainly because of the “financial freedom” they earned by investing in crypto assets.

The analytics firm then referenced the figure of 4 percent with the data from 1,201 respondents, based on their yearly income who had quit their jobs due to crypto profits.

The survey findings say that almost two-thirds of those who had quit their jobs due to ‘mad gains’ earned under $50,000 per year, including 27% of those who earned less than $25,000, while 37% had a total income of between $25,000 and $50,000.

15% of those working with crypto had an income between $50,000 and $75,000, 13% between $75,000 and $150,000 and 8% with $150,000 or more.

However, it is also unclear what comprises “financial freedom” in this context, as Civic does not provide any explanation or data on the level of crypto gains made by respondents.

Instagram Link Previews Have Finally Returned to Twitter

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Almost nine years after they disappeared, Instagram has brought back its link previews for its posts on Twitter, also known as Twitter Cards.

Since 2012, tweets that had a link to an Instagram post have been showing just that- a link. However, now the link will show a small preview of the Instagram post, helping you to make a well-informed decision about whether you want to click through to the Instagram app to view it in full.

“They said it would never happen… Twitter Card previews start rolling out TODAY. Now, when you share an Instagram link on Twitter a preview of that post will appear,” said Instagram in a Twitter post. The feature will work on Android, iOS, and the web version of Twitter.

While this move will put an end to a long-running feud between Instagram and Twitter, it’s unclear what prompted the decision.

But it is a piece of good news for social media users as there would be less guesswork and more attention for your posts.

Facebook is Using Subscription Links to Avoid Apple’s App Store Fees

Screenshot of Stars Challenge

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Facebook (now known as Meta) has announced its plans to avoid Apple’s infamous platform fees.

Mark Zuckerberg, the CEO of Meta, said that their platform would give eligible creators on its platform new custom links that allow them to accept payments directly, skirting Apple’s controversial 30% cut.

“As we build for the metaverse, we’re focused on unlocking opportunities for creators to make money from their work. The 30% fees that Apple takes on transactions make it harder to do that, so we’re updating our Subscriptions product so now creators can earn more,” said Zuckerberg in a Facebook post.

With this move, Facebook creators will now be able to direct users to a website allowing them to complete subscriptions via Facebook Pay and avoid fees set out by Apple.

In addition to not collecting fees on subscription transactions until at least 2023, Facebook will start paying creators a bonus of between $5 and $20 for every new subscriber they add, regardless if they pay through the custom web link or through Apple and Google’s systems.

Ocean Data Collection Startup Sofar Raises $39 Million

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Sofar Ocean, a U.S.-based startup of an ocean intelligence platform, has raised $39 million in its Series B funding round. The funding was led by Union Square Ventures and the Foundry Group.

Founded in 2019, Sofar Ocean connects to the world’s oceans to provide insights to science, society, and industry for a more sustainable planet.

It is a real-time ocean intelligence platform that is powered by thousands of coastal and open ocean drifter buoys covering the world’s oceans.

To date, the startup’s client base includes climate and ocean scientists, global shipping carriers, and international government agencies that leverage its IoT-enabled ocean intelligence platform for applications including, climate research, weather models and forecasting, offshore energy site, and risk assessment, among others.

With the latest proceeds, Sofar Ocean plans to scale its technology platform and grow its team across key regions worldwide.

The fresh funds will empower the startup to execute its mission of delivering climate insights through ocean intelligence, enabling strategic business decisions, and promoting climate adaptation and mitigation.

Around the Web

📱 Emerge Tools Raises $1.7 Million: Emerge Tools, a company that is building tools that help to monitor and reduce app size has raised $1.7 million in its latest funding round. The funding was backed by Haystack, Matrix Partners, Y Combinator, Liquid2 Ventures, and a few angel investors.

👨‍⚖️ US Senator Proposes Crypto as Payment in Capitol Complex: U.S. Senator Ted Cruz has submitted a resolution on the Senate floor that would require vendors in the Capitol Complex to accept cryptocurrency as a payment method. The resolution calls for administrative managers on Capitol Hill to solicit and enter contracts that would let businesses take digital assets as payment for goods.


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