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X, formerly known as Twitter and under the ownership of Elon Musk , has achieved a significant milestone in its pursuit of becoming the ultimate “everything app.” The company recently obtained a money transmitter license from regulators in South Dakota on Nov. 27, marking a substantial leap forward in its ambition to dominate the financial services sector. The Money Transmitter License and X’s Increasing Influence The sought-after money transmitter license officially designates X as a Money Service Business (MSB) in South Dakota. It provides the company with the authorization to facilitate seamless cross-border money transfers. This regulatory approval solidifies X’s position as a key player in the financial landscape. It further puts it in the league of established entities such as PayPal and Stripe. As intermediaries, MSBs play a pivotal role in connecting individuals and businesses engaged in financial transactions. Elon Musk ’s vision for X as the “everything app” aligns seam

Cryptocurrency detective ZachXBT disclosed on social media that his account, along with a few others, has been subpoenaed by a court demanding a wide array of personal information. Cryptocurrency detective ZachXBT said on social media that his X account and a few others were subpoena ed by a court, seeking more information about them “for an unclear reason.” It seems that my account and a few others were subpoena ed for overly broad info for an unclear reason. I do appreciate that X policy is to notify you of this if it happens. pic.twitter.com/MNML5LMiUX — ZachXBT (@zachxbt) October 21, 2023 In a post on Oct. 21, the blockchain sleuth attached two screenshots. One describes the information required by a court, which X was obliged to produce. The second one was X’s notice about the legal request. You might also like: Blockchain investigator ZachXBT slams Gotbit over controversial services Although the reason behind the subpoena remains unclear, the required informati

Twitter has experienced significant transformations over the past year. These changes encompassed the leadership shift when Elon Musk assumed control, staff reductions, and the current ongoing process of potential rebranding. Given Musk’s affinity for the crypto sector, many in the community had high hopes. Nonetheless, the alterations made so far appear to be relatively minor, with Musk’s main emphasis being on the rebranding aspect. On July 23, Musk suggested that the platform might undergo a rebranding, potentially becoming the “X” platform. This move marked an initial stage in its intended evolution into an all-encompassing “everything app.” The proposed image re-invent, as indicated in a series of tweets and a poll, may entail alterations such as adopting a black color scheme, eliminating Twitter’s iconic blue bird logo, and officially changing its name to “X.” And soon we shall bid adieu to the Twitter brand and, gradually, all the birds — Elon Musk (@elonmusk) July

Twitter , the social media giant platform owned by Elon Musk , has announced that it will charge corporations $1000 per month for gold-verified check marks. The move is an attempt for the social media platform to amp up its earnings. The decision comes amid Musk offering stock grants to employees at a valuation of nearly $20 billion. However, the tech mogul purchased the platform for $44 billion, more than double its current valuation. As per an official announcement, “vetted organizations that sign up for Verified Organizations are in full control of vetting and verifying accounts they’re affiliated with.” Moreover, the platform will charge an additional $50 per month for each associated account.  Verified Organizations is a new way for organizations and their affiliates to distinguish themselves on Twitter . Rather than relying on Twitter to be the sole arbiter of truth for which accounts should be verified, vetted organizations that sign up for https://t.co/1v6wSVKfDb…

Greenpeace’s “Skull of Satoshi” artwork highlights their gripes with Bitcoin’s consensus mechanism, but Bitcoin supporters adopted it as a new mascot. Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by Bitcoiners, who want to adopt it as its mascot. On March 23, the climate activism group partnered with art activist Benjamin Von Wong for its ongoing “change the code, not the climate” campaign that seeks to convert Bitcoin’s consensus mechanism to a proof-of-stake (PoS) model. Greenpeace revealed its art piece dubbed the “Skull of Satoshi” — an 11 feet (3.3 meters) tall skull featuring the Bitcoin logo and red laser eyes, a popular meme adopted by Bitcoin supporters. Some climate activists think #Bitcoin is just fake internet money they can safely ignore. The truth? Bitcoin is causing dangerous amounts of real-world pollution from its rav

Elon Musk surprised everybody today by conducting a poll on Twitter , asking people if he should step down as the head of the social media giant. Musk also said that he would abide by the results of the poll. Well, the poll concluded with 57.5% wanting Musk to step down as Twitter ’s boss. A total of 17.5 million people participated in the poll. BREAKING: Elon Musk to step down as head of Twitter . — Watcher.Guru (@WatcherGuru) December 19, 2022 Musk is yet to respond to the poll’s results. Chances are that he will make some statement about how he would hand over the reins to his successor. Should I step down as head of Twitter ? I will abide by the results of this poll. — Elon Musk (@elonmusk) December 18, 2022 Since his $44 billion purchase of the site, Musk has come under fire from several corners regarding his leadership. However, many have even praised his decisions as the de facto boss. The poll got replies from several prominent figures in finance and tech. Mi