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Twitter Introduces Safety Mode to Block Abusive Accounts
Microblogging platform Twitter has rolled out an important feature called “Safety Mode.” The new feature has been launched to offer a safe experience to the users.
Users on Twitter are regularly subjected to trolling, abusive language, etc. However, by using the “Safety Mode” feature, a user can get any abusive account blocked for seven days at least.
Announcing the news, Twitter’s senior product manager Jarrod Doherty said in a blog post, “Unwelcome Tweets and noise can get in the way of conversations on Twitter, so we’re introducing Safety Mode, a new feature that aims to reduce disruptive interactions.”
The Safety Mode has started rolling out from September 1 to “a small feedback group on iOS, Android, and Twitter.com, beginning with accounts that have English-language settings enabled,” adds the post.
For years, Twitter has faced criticism for spreading abusive and hateful content on its platform. But, this new feature will change all that.
By rolling out the safety mode feature, the platform wants to protect its users by reducing the prevalence and visibility of harmful remarks, thereby ensuring they enjoy healthy conversations.
Delivery Startup Cajoo Raises $40 Million
French delivery startup, Cajoo has raised $40 million in Series A funding.
The funding round was led by retail giant Carrefour and included other investors like Headline (formerly e.ventures), as well participation from previous investors Frst and XAnge.
With its latest funding round, Cajoo will look to compete more aggressively in the fast-growing new market of food delivery services.
Moreover, Carrefour’s investment in the company isn’t just about money. The delivery startup will take advantage of Carrefour’s purchasing network. As a result, Cajoo will be able to provide a wider selection of goods to its consumers.
The goal of Cajoo is to solidify its strong market position in its current markets, as well as expand its operations in other regions including, Italy, Spain, Belgium, Portugal, among other Eastern European countries.
Cajoo is a member of a growing number of businesses attempting to invent a new kind of grocery delivery and is doing everything to keep it a big, independent business in the long run.
Apple Announces New Settlement With Japanese Regulators
Tech giant Apple will allow developers of some apps to link from their software to their own websites for payments by users.
By doing so, Apple has addressed the longstanding App store complaint and settled an investigation by the Japanese Fair Trade Commission. The changes will come into effect in early 2022.
This settlement comes following the Japan Fair Trade Commission (JFTC) forcing Apple to change its existing policies on playback apps including, Netflix, Audible, Spotify, among others which offer content subscriptions for music, video, books, and other content.
Till now, Apple has forced such applications to use its in-app purchase system, which gives up to 30% commission on downloads and in-app subscriptions for Apple. However, by navigating users to the web to sign-up, developers of those apps can sidestep that fee.
Before the amendments come into effect, Apple will continue to update its guidelines and review process for users of apps to make sure that it is a better market for users and developers.
SEC Chairman Speaks to EU Parliament About Crypto And Fintech Disruption
The chairman of the United States Securities and Exchange Commission, Gary Gensler, appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets.
Addressing the European Parliament’s Economic and Monetary Affairs Committee, he said, “I think the transformation we’re living through right now could be every bit as big as the internet in the 1990s.”
He also highlighted the fact that cryptocurrency is borderless, and its markets do not close- “It operates 24 hours a day, 7 days a week.”
The SEC chairman also noted concerns about stablecoins, estimating that nearly three-quarters of crypto trading volumes involve stable token pairs.
This speech to the parliament comes a month after he delivered a similar speech at the Aspen Security Forum, in which he issued a statement that drew a dividing line between Bitcoin and its wide field of imitators.
Ultimately, Gensler’s address to the parliament was a key attempt to connect the U.S. cryptocurrency and fiat regulatory interests both to the larger global financial markets.
Around the Web
🇩🇪 Berlin Brands Group raises $700 million: Berlin Brands Group (BBG) has secured $700 million of additional equity and debt financing to fund growth and M&A, taking the valuation of the German e-commerce company to over $1 billion.
📈 Market Cap of publicly-traded crypto companies has multiplied 4 times: The combined market capitalization of publicly-traded crypto companies has almost quadrupled this year, whereas the number of publicly digital asset companies has increased by 28% over the same period.