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Apple bites 🍎 🔪
US federal appeals court has ruled that Apple can't forbid app makers from circumventing its 30% cut. Brian picks out Gary over hypocrisy. SBF's favourite game to shutdown. Solana to integrate ChatGPT
Hello, y'all. Tryna find the good in the maze of lawsuits, hacks, volatility and the unknown. What crypto life feels like in reality. An undying spirit 🤔
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A US federal appeals court has ruled that Apple's App Store is violating California's Unfair Competition Law. Because it doesn't allow people to use any other payment method besides the App Store's own, which means a huge cut on all transactions.
I mean, their Apple, their Apple store they can levy 30% fee, but they cannot stop people from using alternative payment methods.
No more monopoly big fruit 🍎📱
The company opened its App Store to NFTs last September, but only those sold through its own payments system. It's like being invited to a party but only if you bring your own snacks. And if you want to use NFTs to unlock cool features within an app, you have to buy them through Apple's system, which means the 30% cut.
Now this ruling is not just a victory for app developers - this ruling could have major benefits for Web3 app developers too.
We're talking about the future, people.
And all thanks to Epic Games, the creators of Fortnite, who filed the lawsuit in 2020 against Apple over its alleged monopoly in the mobile games market.
What's hidden in Mac?
The original Bitcoin white paper has been found hidden on Macintosh computers for over five years! It's been a secret Easter egg all this time, planted by Apple (or its employees, wink wink). It went unnoticed until last year, when a designer named Joshua Dickens tweeted about it. And now, after all the hype, Apple has decided to remove it from the upcoming operating system update. Some people are wondering why the Bitcoin white paper was chosen and if there's a secret Bitcoin enthusiast at Apple.
But who knows? Maybe it was just a lightweight PDF for testing purposes. Either way, it's been quite the discovery.
Why not sponsor us, eh?
The Great Gary Grilling continues with the resurfacing of a new video of Gary being a hypocrite and saying that cryptocurrencies are on par with commodities or cash, not securities.
What are you saying? Yes. That is true.
That is on video. And as far as we know, it ain’t an AI generated fake.
Before SEC, Gary was a professor at MIT, right? And he said this while teaching his students "Blockchain and Money."
He really was a good teacher back then.
"So we already know in the US and in many other jurisdictions that 3/4 of the market are not ICOs or NOT what would be called securities, even in the US, Canada, and Taiwan, the three jurisdictions that follow something similar to the Howey Test that we've talked about. 3/4 of the market is non-securities. It's just a commodity, a cash crypto." says the one who now thinks that everything touched by crypto is security.
Coinbase is taking SEC to the court and also, supporting the Stand with Crypto commemorative NFT.
The cryptocurrency exchange is taking on the Securities and Exchange Commission (SEC) and asking for clearer crypto regulations.
Coinbase sent a petition with 50 questions for the SEC to answer, but after nine months of silence, they're taking legal action to get a response.
According to the exchange, they're not trying to tell the SEC what to do, and they just want the SEC to actually respond, which they're required to do by law. Until then, Coinbase's push for regulatory clarity is on ice.
And if that wasn't enough, Coinbase's CEO Brian Armstrong is backing a "Stand with Crypto" NFT campaign. He even minted an NFT himself and is urging the crypto community to unite in their efforts to establish clear rules for the industry.
TTD Shutdown 🔐
Storybook Brawl, a Web3 video game that FTX acquired just 13 months ago, is shutting down.
Storybook Brawl creator Good Luck Games announced that the competitive card game will be shut down in a matter of days, after struggling to find a way out or a new way forward after FTX collapse.
TTD AI 🕹️
The multi-platform web browser Opera’s forthcoming version, Opera One, will include the in-browser integration of generative AI.
Solana Labs to allow users to interact with the network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available.
ChatGPT users can now turn off chat history, allowing you to choose which conversations can be used to train the models.
TTD Surfer 🏄
ARK Invest and 21Shares have filed a third Bitcoin ETF application despite previous rejections from the SEC. Always bullish. Not backing down.
Circle CEO Jeremy Allaire says that the cryptocurrency crackdown by the US regulators has led to the declining market cap of USD Coin.
Meta profits set to drop at the first-quarter earnings as Zuckerberg pivots to AI. After metaverse pivot struggled to gain traction.
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.