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

RWA protocols are closing in on $8B total value locked: Messari
Martin Young5 hours agoRWA protocols are closing in on $8B total value locked: MessariThe TVL across real-world asset tokenization protocols has surged almost 60% since February, says blockchain analytics firm Messari.14
Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon
Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon The once-popular and now discontinued file-sharing platform Limewire is returning
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its
What is Toncoin (TON), and how to buy it?
Dilip Kumar PatairyaJun 22, 2024What is Toncoin (TON), and how to buy it?Toincoin is a cryptocurrency that uses advanced blockchain technology to ensure efficiency and anonymity while enabling quick, safe transactions.19
Indian enforcement agency collaborates with Binance to bust scam app
Prashant Jha16 minutes agoIndian enforcement agency collaborates with Binance to bust scam appThe law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version thr
Bitquery’s New Streaming API is Changing Web3 Infrastructure Space
Bitquery"s New Streaming API is Changing Web3 Infrastructure Space sponsored Bitquerylaunched its Streaming APIin early March, giving users to access blockchain data in real time.
Derek Andersen6 hours agoIsraeli authorities seize crypto from terror organizations, credit new technologyThe Israeli ministries of defense and justice and a number of intelligence and enforcement agencies collaborated;
Dogecoin $3 Dream: Whale Activity Hints At A Surge—Details
Este artículo también está disponible en español. Dogecoin (DOGE) has once again captivated the crypto market, as significant investors have initiated transactions that s
SEC requests final S-1 submissions for Ether ETF launch
Ana Paula Pereira3 hours agoSEC requests final S-1 submissions for Ether ETF launchAccording to Bloomberg analyst Eric Balchunas, the SEC has directed issuers to submit their final S-1 filings by July 16, with the aim of
Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent?
Este artículo también está disponible en español. Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark. This perilous situat
Alice Ivey12 hours agoHow to use Microsoft Power BILearn how Power BI unlocks the potential of your data and is useful for data visualization and analysis.1770 Total views5 Total sharesListen to article 0:00OverviewJoin