Category Crypto Page 3 of 5
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Stripe Unlocks Crypto Payments for US Firms Across Ethereum, Solana, and Polygon
In a significant move, Stripe has announced the reactivation of crypto payments for U.S. businesses, allowing them to accept USDC through Ethereum, Solana, and Polygon. This development marks the first time since 2018 that U.S. Stripe customers can process crypto transactions, following the company’s previous decision to discontinue support for Bitcoin due to declining demand.
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Crypto.com Takes Legal Action Against SEC to Safeguard Crypto's Future in the U.S.
In a bold move to defend the cryptocurrency industry, major exchange Crypto.com has filed a lawsuit against the United States Securities and Exchange Commission (SEC). The announcement, made by co-founder and CEO Kris Marszalek on October 8, comes in response to a Wells notice received from the SEC, signaling potential enforcement actions against the company.
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Unlocking the Modular Blockchain Future, Avail's $43 Million Series A Funding
In a significant move that underscores the growing importance of modular blockchain technology, Avail, a project that spun out of Polygon, has raised $43 million in a Series A funding round. The round was co-led by Peter Thiel’s Founders Fund, Dragonfly, and Cyber Fund, with participation from a host of other prominent investors.
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DMM Outlining Funding Plan to Recover from $300 Million Hack Losses
Japanese crypto exchange DMM Bitcoin has taken proactive steps to address the aftermath of a recent hack that resulted in over $300 million in losses. Following the unauthorized outflow of funds on May 31, the exchange has detailed a funding plan to cover the stolen amount and reassure its users.
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Mining Pool Ocean.xyz Establishes International Bitcoin Hub in EL Salvador
In a move that solidifies El Salvador’s position as the “Bitcoin Country,” the Bitcoin mining pool Ocean.xyz has announced the establishment of its international hub and headquarters in the capital city of San Salvador. This strategic decision underscores El Salvador’s commitment to fostering a Bitcoin-first culture and accelerating the adoption of the world’s first and most prominent cryptocurrency.
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Mastercard Enters the Crypto Peer-to-Peer Arena in Latin America - Mastercard Crypto Credential
In a move to capitalize on the growing interest in blockchain and digital assets, Mastercard has announced the launch of its Mastercard Crypto Credential network, a peer-to-peer platform for cryptocurrency users in Europe and Latin America.
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Farcaster, a Blockchain Social Media Platform to Compete With Twitter
In the ever-evolving landscape of social media, a new player has emerged that aims to disrupt the status quo. Farcaster, an open-sourced blockchain-based social protocol founded by two former Coinbase employees, has just closed a staggering $150 million funding round led by Paradigm, with participation from industry heavyweights like a16z crypto, Haun Ventures, and Union Square Ventures.
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Monad Raises $225 Million to Become an Ethereum and Solana Alternative
The Ethereum Virtual Machine (EVM)-compatible blockchain Monad recently raised $225 million in a funding round led by crypto venture firm Paradigm. This constitutes the largest crypto raise so far in 2024 and signals that investors see potential for Monad to become a major player in decentralized finance (DeFi) as an alternative to both Ethereum and Solana.
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Uniswap Surpasses $2 Trillion in All-Time Trading Volume
Decentralized exchange (DEX) Uniswap has reached a major milestone, surpassing $2 trillion in total trading volume since its launch in November 2018.
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Ellipsis Labs Raises $20M to Develop Solana Decentralized Exchange
Decentralized exchange developer Ellipsis Labs has closed a $20 million Series A funding round led by crypto venture firm Paradigm, according to a report by The Block. Electric Capital also participated, along with investors from the Ethereum Foundation and Solana Labs.