Fun

News Feed - 2023-07-06 06:07:27

Tristan Greene2 hours agoTwitter receives money transmitter licenses in three US statesMichigan, Missouri and New Hampshire have granted money transmitter licenses to Twitter Payments LLC, leaving 47 U.S. states yet to weigh in.758 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksTwitter Payments LLC, a subsidiary of Elon Musk’s Twitter social network, appears to have received its first money transmitter licenses after Michigan, New Hampshire and Missouri approved the company’s applications. NEWS: Twitter has finally secured its first money transmitter licenses in several US states. pic.twitter.com/gziiRgelYU— T(w)itter Daily News  (@TitterDaily) July 5, 2023


A money transmitter license allows a company to provide transfer services or payment instruments. This differs from a license to conduct sales in that it’s meant to provide consumer protections for businesses that facilitate the transmission of money from one party to another, not just the purchase of products and services.


It remains unclear at this time exactly what offerings will be on tap if and when Twitter Payments eventually rolls out. The company applied for licenses in all 50 U.S. states, and there’s no clear timeline for the approval process. 


Related:Meta’s Twitter rival Threads to launch July 6, but will the crypto community budge?


Even assuming a clean sweep of approvals, Musk and CEO Linda Yaccarino have yet to offer many details. People familiar with the company’s plans indicate that Twitter Payments will initially offer fiat currency transaction services, perhaps similar to those provided by Stripe, Venmo and PayPal.


In the future, the company reportedly intends to open the platform to cryptocurrency services. It’s also been rumored that Twitter Payments plans to offer its own token with a project called “Twitter Coin” and that the company will even unveil its own wallet.


As Cointelegraph previously reported, all of this falls under Musk’s promise that Twitter would “do lots of dumb things,” another way of saying the company would adhere to the modern tech mantra of “move fast and break stuff.”


Some of the changes have come across as polarizing at best. Twitter tweaked the site’s rate limiter — a function that limits the number of posts a user can read in a given period — to a mere 500 posts per non-paying user.


The site also recently restricted the ability to view posts to those who were logged into their Twitter accounts. This change was quietly rescinded on Wednesday, July 5, per reports from TechCrunch and Engadget.# Twitter# Business# Elon Musk# RegulationAdd reactionAdd reactionRelated NewsWhat is NFT rarity, and how to calculate it?‘A lot of the bad actors have been shaken out of the market" — Bitvo CEOThe Supreme Court could stop the SEC’s war on cryptoTwitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claimUS senator pushes tech companies to label AI-generated contentElon Musk imposes ‘rate limit’ on Twitter, citing extreme ‘system manipulation’

News Feed

Apple Censors Some Cryptocurrency and Defi Features of Coinbase App
Apple Censors Some Cryptocurrency and Defi Features of Coinbase AppApple Inc. has censored some cryptocurrency features of the Coinbase app. Specifically, Apple has blocked Coinbase
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not reg
Bitcoin’s strong monthly close could spark a rally in XRP, TAO, RUNE and SEI
Rakesh Upadhyay5 hours agoBitcoin’s strong monthly close could spark a rally in XRP, TAO, RUNE and SEIBitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE,
State of Wisconsin reports $164M investments in spot Bitcoin ETFs
Turner Wright5 hours agoState of Wisconsin reports $164M investments in spot Bitcoin ETFsThe entity responsible for managing assets in the state’s pension system reported it held millions of shares of the BlackRock iSh
Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban
Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban Billionaire hedge fund manager Ray Dalio has admitted that he may be wrong a
How DePIN is poised to disrupt the cloud computing industry: Report
Cointelegraph Research5 hours agoHow DePIN is poised to disrupt the cloud computing industry: ReportCointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry
Bitcoin price tied to US dollar performance, not politics, custodian says
Ana Paula Pereira3 hours agoBitcoin price tied to US dollar performance, not politics, custodian saysMarket expectations of a weakening US dollar may be behind Bitcoin’s recent surge, overshadowing election speculation
Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets
Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets Russian investigators are pressing the parliament and government in Moscow for permissio
Bullish Signs For Cardano: Expert Forecasts $6 Price Target As Buying Pressure Grows
Este artículo también está disponible en español. Cardano (ADA), currently ranked as the ninth-largest cryptocurrency, has emerged as one of the market’s top perfor
Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?
Zoltan Vardai8 hours agoBitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark
Tether’s slowdown in supply points to cooling crypto activity
Ana Paula Pereira4 hours agoTether’s slowdown in supply points to cooling crypto activityAs of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May.692 Total views
Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market
Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market The CEO of Blackrock, the world’s largest asset manager, s