News

In A Shock Move, Twitter Adds An Edit Button To Tweets

The social media giant has finally backtracked after years of pressure and will first roll out the new Edit Tweet feature to premium subscribers.

Published

2 years ago

September 2, 2022

Nour Nasir

in a shock move twitter adds an edit button to tweets

It’s taken years of complaints and thousands of desperate pleas from a vocal portion of Twitter’s 237 million active users, but now, the social media giant has finally caved under pressure. After nearly 16 years of sticking to a tried and tested format, Twitter will finally allow users to edit Tweets after posting them.

If it were any other platform, adding such a tiny, seemingly inconsequential feature would largely go unnoticed. Yet, because we’re talking about Twitter here, the move represents one of the most significant changes to the social media landscape since the company doubled the character limit of posts from 140 to 280 way back in 2017.

Many would argue that the lengthier Tweets and new addition of an edit button will change the platform into something it was never meant to be. Certainly, the entire atmosphere of the site will (and already has) changed since its niche beginnings — though it’s always been a place for spicy takes and online brawls.

So why the sudden change of direction? Here’s what the company had to say about the controversial matter:

“We’re hoping that with the availability of Edit Tweet, tweeting will feel more approachable and less stressful. You should be able to participate in the conversation in a way that makes sense to you,” says Twitter in an official statement.

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We should mention at this point that not everyone will be granted access to this mythical new feature. Employees will first test the edit button; then, it will be added to the accounts of Twitter Blue subscribers. Eventually, Twitter plans to roll out the Edit Tweet feature to its entire user base, though we don’t have any formal word on a date for that.

Users will be allowed to edit Tweets within a 30-minute window of posting, and any changes will trigger a label to be displayed, notifying readers that a change has been made. If the label is clicked, you’ll be able to see a list of edits, so the new feature won’t entirely save you from embarrassing spelling mistakes or attempts to tone down poorly judged online rants.

News

Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

Published

6 hours ago

April 19, 2024

Nour Nasir

binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.