Twitter’s Payment Platform Moves Forward with Money Transmitter Licenses
Twitter Payments, a subsidiary of Twitter, has received its first money transmitter licenses in three states: Michigan, New Hampshire, and Missouri. The company aims to provide transfer services in all 50 U.S. states, but further approvals are still pending. The goal of Twitter’s payment platform is to allow bank accounts to be connected to social media profiles, incorporating debit cards and money transfers. This plan is reminiscent of Facebook’s failed global payments project, Diem.
Key Points:
– Twitter Payments received its first money transmitter licenses in Michigan, New Hampshire, and Missouri.
– The company aims to provide transfer services in all 50 U.S. states.
– Twitter’s payment platform is similar to Facebook’s failed project, Diem.
– The platform limited its content reach, affecting the crypto ecosystem that relies on Twitter for information sharing.
– Twitter’s success depends on its crypto-tech community and its ability to overcome challenges.
Gemini’s Cameron Winklevoss Slams Digital Currency Group’s Barry Silbert
Cameron Winklevoss, co-founder of Gemini, criticized Digital Currency Group’s CEO Barry Silbert for allegedly owing $1.2 billion to Gemini’s Earn customers. Winklevoss accused Silbert of playing the victim while fees continue to increase and impact Earn users. Winklevoss has given Silbert an ultimatum to accept Gemini’s offer or face a lawsuit. Gemini has filed a lawsuit against DCG.
Key Points:
– Cameron Winklevoss called out Digital Currency Group’s CEO for owing $1.2 billion to Gemini’s Earn customers.
– Winklevoss accused Silbert of playing the victim and increasing fees.
– An ultimatum has been given to Silbert to accept Gemini’s offer or face legal action.
– Gemini has filed a lawsuit against DCG.
Twitter Implements Post Limits, Affecting the Crypto Community
Twitter has imposed post limits due to “extreme levels of data scraping and system manipulation.” Verified accounts can now only view 10,000 posts per day, while unverified and new unverified accounts are capped at 1,000 and 500 posts per day, respectively. This decision has received criticism from the crypto community, as Twitter is a vital platform for communication and information sharing. The rate limits have already impacted tweet visibility on Google’s search engine, reducing the presence of crypto-related content.
Key Points:
– Twitter has implemented post limits due to data scraping and system manipulation concerns.
– Verified, unverified, and new unverified accounts have different daily post limits.
– The crypto community heavily relies on Twitter for communication and information sharing.
– The rate limits have affected tweet visibility on Google’s search engine, reducing crypto-related content.
OpenAI Pauses ChatGPT’s Bing Feature to Address Paywall Bypassing
OpenAI has temporarily disabled ChatGPT’s Browse feature, a Bing-based search engine, after users found a loophole to bypass paywalls. A Reddit post showcased how users were able to access paywalled articles in full through the ChatGPT browser. OpenAI responded by pausing the feature. ChatGPT’s Browse function is currently in beta and available to subscribers of the ChatGPT Plus service.
Key Points:
– OpenAI has temporarily disabled ChatGPT’s Browse feature due to paywall bypassing.
– Users found a loophole to access paywalled articles in full.
– The Browse function is in beta and exclusive to ChatGPT Plus subscribers.
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