RATE Group | Blockchain Bites: Magic’s Raise, Compound’s Distribution and Trump’s Twitter War
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Blockchain Bites: Magic’s Raise, Compound’s Distribution and Trump’s Twitter War

Blockchain Bites: Magic’s Raise, Compound’s Distribution and Trump’s Twitter War

The case for decentralized platforms has never been clearer, as President Donald Trump goes on the offensive against big tech platforms like Twitter and Facebook, said lawyers and technologists surveyed by CoinDesk.

Meanwhile, decentralized identity service Magic has raised $4 million from heavy-weight investors including Naval Ravikant, SV Angel and Placeholder, and the Digital Dollar Project is making its case for updating the U.S. dollar with its first white paper. Here’s the story:

You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. 

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U.S. President Donald Trump signed an executive order Thursday targeting Twitter and other social media platforms after Twitter fact-checked two of the President’s tweets, which seeks to amend Section 230 of the Communications Decency Act. Lawyers and technologists…

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