Elon Musk’s X (formerly known as Twitter) ranked lowest in the climate misinformation scorecard, despite promises to combat misinformation on his platform. The world’s richest man bought Twitter in October 2022 for $44 billion and renamed it X in July
PayPal’s cryptocurrency partner Paxos overpaid $510,750 for a transaction on the Bitcoin network. The so-called “fat finger” mistake, implying human error, is now thought to be a bug. The smoke clears A crypto payment blunder originally attributed to PayPal was
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
In another dimension of AI, a Romanian startup, DreamGF, is bringing AI girlfriends to life, attracting both support and controversy over stereotyping women. Indications are that three months after officially launching, the firm is already recording profits and has thousands
In an interview with Cowboy State Daily, Custodia Bank’s CEO, Caitlin Long, has spoken out against the regulatory crackdown on digital assets by Washington, D.C. Long voiced opposition in the interview, stating that despite facing significant regulatory hurdles, her Bank
Discord.io said it “shut down all operations” on Aug. 15 after attackers stole the data of around 760,000 users and put it up for sale on the illegal hacking platform Breached Forums. Discord.io is a third-party service that allows people
Congresswoman Maxine Waters voices concerns as PayPal unveils PYUSD stablecoin, highlighting potential implications for financial markets. Meanwhile, reports suggest an alarming surge in counterfeit PYUSD tokens across blockchains. The influential Democrat on the House Financial Services Committee has recently articulated
PayPal’s new stablecoin, dubbed PayPal USD (PYUSD), is not so much a program to boost blockchain-based payment services as a marketing stunt designed to cash in on the cryptocurrency hype, according to some analysts. The company launched its dollar-pegged stablecoin
Twitter no longer exists as a company after owner Elon Musk merged it with another entity called X Corp, in a move seen to signal his goal to turn the social media platform into an “everything app.” A court filing
Elon Musk is forging ahead with plans to turn Twitter into a payment platform and compete with Apple Pay and PayPal with the company reported to have started the licensing processes in the US. Payments could be another way for
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