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Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that he takes payment in bitcoin. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” Musk clarified. Elon Musk Discusses Finding New Twitter CEO Elon Musk set up a poll on Twitter over the weekend asking his 122.3 million followers whether he should step down as head of the social media platform. The billionaire added that he will abide by the results of the poll, which ended with 57.5% of over 17.5 million respondents wanting him to step down. Responding to a comment about him having a new CEO picked out already and that he will retire to being chairman of the Twitter board, Musk clarified: “No one wants the job who can actually keep Twitter alive. There is no successor.” In another tweet, the Tesla chief explained: Th

The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for each one. Basel Committee Defines Final Rules for Crypto Exposure As banks have stepped into the realm of cryptocurrency services, standards organizations are now defining the ways in which traditional financial institutions will be able to hold crypto. The Basel Committee, which is the standards-setting organization for banks at a worldwide level, has finalized the rules which will define requirements for banks to be allowed to have cryptocurrency exposure, dividing the assets into two different groups. The first group includes stablecoins and tokenized assets, while the second one includes other cryptoc