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Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its involvement in the crypto ecosystem. Waters, who serves as the top Democrat on the House Financial Services Committee, conveyed her concerns through a letter addressed to Meta’s top executives, including CEO Mark Zuckerberg and COO Javier Olivan. The letter delves into inquiries about Meta’s strategic direction in web3 and explores its stance on stablecoin initiatives following Meta’s submission of five trademark applications related to crypto and blockchain products with the U.S. Patent and Trademark Office. “With its initial filings on Mar. 18, 2022, Meta’s application submissions as of Jan. 22 appear to represent a continued intention to expand the compan...

Twitter is reportedly threatening to sue Meta over its newly introduced Threads App. The newly implemented Twitter alternative could face legal action, as Twitter has alleged the company used former employees to create a platform that contains “trade secrets and other intellectual property.” Meta introduced the new Instagram-connected Threads application on Wednesday. Subsequently, the app is text-based and is meant as a companion product to the immensely successful Meta offering. Moreover, just hours after its release, Twitter’s lawyer, Alex Spiro, sent a letter to Mark Zuckerberg threatening legal action.  JUST IN: Twitter threatens to sue Meta over its new app, Threads. — Watcher.Guru (@WatcherGuru) July 6, 2023 Also Read: How to Use Instagram’s Threads? Twitter Could Take Lega Action Against Meta Over Threads The arrival of Meta’s Threads application was certainly notable. The text-based application had been perceived a...

Cointelegraph went to the NFT.NYC event in New York and learned how industry leaders feel about the state of play-to-earn gaming. In this week’s newsletter, read about how Mastercard launched an accelerator program for musicians powered by nonfungible tokens (NFTs), and how online safety groups urged Meta to refrain from allowing minors into its new metaverse. Check out what happens to NFTs when a collector dies, and, in other news, find out how publishers are looking for alternatives to play-to-earn gaming. And don’t forget this week’s Nifty News, featuring Bitcoin (BTC) miners earning from Ordinals and Reddit facing backlash for Gen 3 avatars.  Mastercard launches NFT-gated musician accelerator program Payment processing company Mastercard announced an artist accelerator program with a Web3 twist. The program aims to help musicians by giving them access to artificial intelligence tools and other experiences. However, it will only be accessible to those with the limited-edition Maste...