📱 Apple Abused Dominance in Mobile-Wallets Markets

Today’s pick

Apple Abused Dominance in Mobile-Wallets Markets, According to Preliminary EU View. European Union antitrust authorities have told Apple Inc. that they have formed a preliminary view that it has abused its dominant position in markets for mobile wallets. The European Commission said that by limiting technology used for contactless… (Laurence Norman / Wall Street Journal)

Fabrizio Goria @FGoria

European Union antitrust authorities have told Apple that they have formed a preliminary view that it has abused its dominant position in markets for mobile wallets wsj.com/articles/apple…

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Bored Ape Metaverse Frenzy Raises Millions, Disrupts Ethereum. Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, shepherded a sale of virtual land related to its highly anticipated metaverse project, raising about $320 million in the largest offering of its kind. Demand was so… (Olga Kharif / Bloomberg)

Laurie Macfarlane @L__Macfarlane

Last night the launch of a much-hyped NFT caused Ethereum transaction fees to soar to more than $6,000 The NFTs were on sale for $5,800, so the absurd transaction fees more than doubled the price of buying one. So much for ‘democratising finance’

bloomberg.comBored Ape Metaverse Frenzy Raises Millions, Crashes EthereumYuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, launched a sale Saturday of virtual land related to its highly anticipated metaverse project, raising about $320 million worth of cryptocurrency in the largest offering of its kind. Demand was so strong that activity rel…

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Warren Buffett gives his most expansive explanation for why he doesn't believe in Bitcoin. Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday… (Tanaya Macheel / CNBC)

Stephen Diehl @smdiehl

Warren Buffet's analysis on bitcoin is eternally correct. Assets are either intrinsically useful or they're financial asset that produces a yield that does not depend on price appreciation. Bitcoin is neither, it's completely worthless.

cnbc.comWarren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoinDespite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy bitcoin.

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Automation Isn't the Biggest Threat to US Factory Jobs. The number of American workers who quit their jobs during the pandemic—over a fifth of the workforce—may constitute one of the largest American labor movements in recent history. Workers demanded higher pay and better conditions… (Anna Waldman-Brown / WIRED)

WIRED @WIRED

Will robots automate away the jobs of entitled millennials who “don’t want to work,” or could this technology actually improve workers’ jobs and help firms attract more enthusiastic employees?

wired.trib.alAutomation Isn’t the Biggest Threat to US Factory JobsGerman factories have more robots than their US counterparts—so why are Americans four times more likely to leave their manufacturing jobs?

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Wikipedia will no longer accept cryptocurrency donations. The Wikipedia community just successfully pushed back against cryptocurrency. On Sunday, the non-profit Wikimedia Foundation, which owns and operates Wikipedia, announced that it would no longer accept cryptocurrency donations. The decision was… (Matt Binder via Mashable)

Mashable @mashable

The Wiki community has spoken.

mashable.comWikipedia will no longer accept cryptocurrency donations. Here’s why.The Wiki community has spoken.

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