Tech giant Stripe takes the plunge into crypto

Online payments company Stripe’s move back into cryptocurrencies has deepened with the firm announcing a new comprehensive solution to support crypto-focused businesses, including exchanges, wallet providers and NFT marketplaces. Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more. https://t.co/3X173SkdPd …

Polygon (MATIC) suffers network outage sparking a wave of angry users

Polygon devs yesterday alerted users to an issue regarding Tendermint implementation, leading to network downtime. Network update:The team is currently looking into an issue with the Tendermint implementation used by one of the two layers of Polygon PoS chain.All users funds and data remain fully secure but there is a potential threat of Polygon PoS …

“Wen Ford Focus?” How one of the Kylin community members might get a new car 

A provocative reply by one of the Kylin community members to the project’s Twitter post that celebrated a recent milestone prompted the network to start a challenge in which one lucky individual is expected to win a car. Designed to provide the data infrastructure for the future DeFi and Web 3 powered by Polkadot, the …

Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case

Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.” Canadian Authority Seizes Bitcoin Worth $28 Million The U.S. Department of Justice (DOJ) …

AMC Theatres Now Accepts Dogecoin and Shiba Inu Crypto Payments

The world’s largest movie exhibition company, AMC Entertainment, has finally begun accepting payments in dogecoin and shiba inu. Supporters of DOGE and SHIB have been waiting for AMC Theatres to accept the two meme cryptocurrencies since September last year. AMC Customers Can Now Pay With Dogecoin and Shiba Inu AMC Theatres now accepts payments in …

US Treasury Launching Cryptocurrency Awareness Program

The U.S. Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness The U.S. Department of the Treasury is launching an initiative to raise awareness about cryptocurrency …

Whale moves $1.17 billion in BTC out of Coinbase as U.S. inflation soars

Did an institution just invest $1.17 billion in bitcoin (BTC)? It sure looks so judging by three crypto transactions moving massive amounts of BTC from a wallet held by Coinbase Pro, to an anonymous bitcoin wallet. The three transactions were detected by the popular crypto tracking service Whale Alert and announced in a series of …

Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion

Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine. Chainalysis Offers Crypto Industry New Sanctions-Screening Tools As the military conflict in …

Report: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether

The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets …

Veteran Trader Peter Brandt Gives Gen Zers Advice: ‘Contribute Monthly Savings to Bitcoin and Hold’

Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that “crypto is still unproven,” but also said that those that know him best, know he’s been “bullish for years.” …

Biggest Movers: RUNE Rallies on Friday, With KDA Climbing Over 10%

Despite mainly being in the red, there were a few notable big movers in crypto markets on Friday. Initially, STX was one of them, climbing by as much as 36%, before giving up all of these gains. However, RUNE and KDA managed to sustain gains. Thorchain (RUNE) Thorchain (RUNE) rose for the second time in …

Fantom Foundation debunks misinformation after Andre Cronje’s departure

Almost a week ago, Andre Cronje announced his and his colleague Anton Nell’s departure from crypto and DeFi.  Immediately, the rumors of their exits sent the tokens of projects associated with them crashing amidst fears of a rug pull. Cronje’s associate, Anton Nell announced over Twitter: “Andre and I have decided that we are closing …

Hoskinson responds to the “noise” of recent criticism saying it has no bearing on Cardano

It’s been a tough week for Charles Hoskinson following accusations he faked his educational attainment. The incident has acted as a catalyst for attacks against Cardano, stoking the flames of tribalism further. But in a live stream titled “Angels and Demons,” in reference to the psychological tendency to praise or vilify figureheads, he responds to …

Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury

The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA …

Bitcoin, Ethereum Technical Analysis: More Crypto Price Uncertainty Heading Into the Weekend

Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support. Bitcoin Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions …

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