Tag: Platform

Twitter Files for Payment Business — Elon Musk Says Platform Could Offer Debit Cards, Money Market Accounts – Featured Bitcoin News

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Twitter has filed paperwork with the U.S. Financial Crimes Enforcement Network (FinCEN) to start a payment business. Tesla CEO and Twitter chief Elon Musk explained the social media platform could offer “an extremely compelling money market account” in addition to “debit cards, checks, and whatnot.” Elon Musk Shares Ideas for Twitter’s Payment System Twitter Inc. filed registration paperwork with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to allow it to process payments, The New York Times reported Wednesday, noting that it has seen the filing. During a Twitter Spaces…

BlockFi limits platform activity, including a halt on client withdrawals

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Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit on platform activity in the wake of FTX’s collapse. The company said in a Nov. 11 tweet that a “lack of clarity on the status of FTX.com, FTX US and Alameda” has prevented it from being able to operate as normal. As a result, it has limited platform activity until there is further clarity on the developing situation, it said.  The firm has also requested that clients do not deposit to BlockFi wallets or…

FTX US announces it may halt trading on its platform in a few days

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In a long apology issued by the CEO of FTX, Sam Bankman-Fried, also popularly known as SBF, he assured the crypto community that the recent turn of events was only going to affect FTX international. According to him “FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.” He assured users that FTX US was “100% liquid” and that “Every user could fully withdraw (modulo gas fees etc)”.  19) A few other assorted comments: This was about FTX International. FTX US, the US based…

Cross-ecosystem Platform Evmos Partners With Anchorage Digital to Offer Custody and Staking

“We’ve seen a great deal of interest in Cosmos’ ecosystem assets and interoperability networks like Evmos, especially where staking early counts” said Diogo Monica, president and co-founder of Anchorage Digital. “As the digital asset ecosystem continues to grow, cross-chain networks like Evmos are playing an increasingly important role by making it easier to transact and communicate across distinct blockchains.” Source

From NFL to NFTs, Tim Tebow Gets Into the College Game With Solana-Based Platform

Tebow, who also played for the New York Jets before spending several years in the baseball minor leagues in the New York Mets organization, started CAMPUS as a Solana-backed software company that aims to serve as a marketplace for college sports. The platform has teamed up with Nissan Heisman House for a contest that would give eight winners memorabilia and a virtual meet-and-greet with Tebow and seven other Heisman winners. Source

Joe Biden unhappy with Elon Musk for buying a platform that “spews lies”

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The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President Joe Biden accused the website of spewing lies. Biden attended a fundraising event in Chicago for upcoming elections, wherein he called out Elon Musk for purchasing Twitter. He stated: “Now what are we all worried about? Elon Musk goes out…

Bakkt Acquires Turnkey Platform Apex Crypto to Bolster Digital Asset Footprint – Bitcoin News

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Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings by Acquiring Apex Crypto On Nov. 3, 2022, Bakkt announced that the company has purchased a “turnkey” crypto-trading platform called Apex Crypto, a platform that offers trading solutions, custody, and more for a myriad of…

Digital asset platform Bakkt set to acquire Apex Crypto for $200M

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Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at the closing of the deal. The transaction will likely be completed by the first half of 2023 and is subject to regulatory approvals.  Launched in 2019, Apex Crypto is a “turnkey platform” dedicated to integrated crypto trading, built with the intention of meeting the increasing demands of more…