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Bruce B. Dec 8, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Tony Fadell, a career Silicon Valley executive known as the “Father of the iPod”, unveiled his latest project - a hardware wallet used to store cryptocurrency offline.

Fadell spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music player, and later helped create the company's best-known device, the iPhone.

After quitting Apple in 2008, he launched Nest Labs, a smart home-devices company. Nest was later acquired by tech giant Google for $3.2 billion.

Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet.

The recent collapse of crypto exchange FTX, which has seen more than $1 billion of customer’s funds vanish, prompted an unprecedented surge in demand for offline, or "self-custody", services such as Ledger.

Previous models released by Ledger, such as the Nano S, have been shaped like USB memory sticks.

Fadell's new design, the Ledger Stax, is a credit-card sized device featuring a curved spine and electronic-ink display.

"All of the secure hardware up to this point was like all the MP3 players before the iPod, and it was time for an iPod," said Ian Rogers, chief experience officer at Ledger.

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Bruce B. Dec 6, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Rumors suggest that Elon Musk is planning to launch a new cryptocurrency, the Twitter Coin. In a tweet posted by researcher and blogger Jane Wong, there is an image many now consider a Twitter Coin logo.

In a different tweet, Wong hinted that Twitter could launch a crypto payment and tips feature sometime soon.

However, Wong’s account seems to have been deleted shortly after she posted the information. Nima Owji, a researcher, tweeted an image about Twitter working on payments, including a picture showing a “Coins” section in a hidden “Tips” setting on the app.

In response to the news about a possible Twitter Coin, DOGE jumped nearly 6% and hit $0.111. However, as of press time, DOGE is trading at $0.1061.

If the Twitter Coin turns out to be a different standalone cryptocurrency, an official launch could be problematic for other Twitter-popular “crypto assets”, including DOGE and Bitcoin.

A Twitter Coin may mean that the Musk-led company would be disinterested in official support for any other cryptocurrencies. However, the images leaked by Owji and Wong suggest that Twitter could embrace more than one crypto instead of sticking exclusively to the Twitter Coin.

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Bruce B. Dec 1, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Apple Blocks Coinbase Wallet App From Sending NFTs Due To In-App Purchase Dispute

NFT and cryptocurrency app Coinbase Wallet today said that Apple required an NFT-sending feature to be removed from the app due to an in-app purchase dispute.

Apple's App Store review team reportedly told Coinbase that the "gas fees required to send NFTs need to be paid through in-app purchase."

Apple wanted a percentage of the transactions. Coinbase Wallet replied Apple is asking for something that is not possible, because the in-app purchase system does not support cryptocurrency tokens.

Coinbase Wallet says that Apple would not approve an app update until the NFT-sending feature was disabled.

The removal of the functionality will make it more difficult for iPhone users who have an NFT to transfer the NFT to other wallets or gift an NFT to friends or family.

Developers behind the app say that Apple has introduced profit-protecting policies that come at the expense of "developer innovation across the crypto ecosystem."

Coinbase Wallet is hoping that this is a mistake and has tweeted an invitation to Apple to discuss the matter.

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