Apple Pauses X Ads Following Musk’s Controversial Tweet
Apple follows IBM’s lead and suspends ads on X in response to Elon Musk’s incendiary comment, igniting discussions about antisemitism and business ethics. All advertising on X, the website formerly known as Twitter, has been suspended by Apple. This move is reminiscent of one that IBM made, both impacted by a contentious exchange between Elon […]
Jump Spins Off Wormhole Project, Shrinking its Crypto Business
In the midst of significant security breaches and continuous regulatory scrutiny, Jump Trading has separated its cross-chain protocol, Wormhole, into a separate company. Wormhole, a well-known cross-chain mechanism, has been formally split off by Jump Trading and made its organization. According to a Bloomberg story, important Wormhole personnel have left, including COO Anthony Ramirez and […]
Proton Mail Tests Blockchain Tool to Verify Email Addresses
Users will be able to use blockchain technology to validate email addresses with a new feature created by Proton Mail. Swiss end-to-end email provider focused on encryption Proton Mail is piloting a new blockchain-based feature allowing users to verify email addresses. In a Fortune interview, Proton CEO Andy Yen emphasized that the new Key Transparency […]
XREX Receives MAS Payment Institution Licence In-principle Approval
A Major Payment Institution (MPI) license in Singapore has been granted in principle to XREX, an Asian cryptocurrency exchange specializing in cross-border payments. The Monetary Authority of Singapore gave XREX first permission for a license that would eventually enable the company to provide digital payment token services and products in the city-state on November 17, […]
MasterCard Says Wide Adoption of CBDCs Would be Difficult
According to payments giant Mastercard, adoption is the most challenging aspect of state-issued digital currencies. According to Mastercard, the second-largest payment processing company, central bank digital currencies, or CBDCs, are not anticipated in the near future since modern consumers are “comfortable using today’s type of money.” The APAC head of Mastercard’s digital assets and blockchain, […]