USDC stablecoin issuer Circle adds support for Apple Pay

    Accepting payments in Circle’s USDC stablecoin is now available via Apple Pay. The addition will help crypto businesses by making it easier to take payments, Circle said. Merchants who accept payments in Circle’s USDC stablecoin can now interact with Apple Pay, Circle said in a blog post. “NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets,…

    Visa ends its crypto debit card program with FTX

    Payments company Visa has ended its partnership with crypto exchange FTX amid its ongoing collapse. FTX announced that it was launching a Visa debit card in more than 40 countries just in October. Payments giant Visa has terminated its partnership with FTX after the cryptocurrency exchange’s recent collapse, Reuters reported.  “The situation with FTX is…

    Solana liquidity hub Serum to be forked amid security concerns after FTX hack

    Solana developers are forking Serum, the FTX-developed liquidity hub widely used on Solana, after it may have been compromised in the FTX hack. Meantime, some Serum-related Solana apps have begun limiting their exposure, citing security concerns. On Nov. 11, an unknown attacker made unauthorized withdrawals of more than $400 million from FTX. The situation has…

    Nike to launch its own virtual trading platform for digital goods

    Nike is opening an online store and trading platform for virtual sneakers pumping investment into the metaverse. The ‘.Swoosh’ platform is a major part of the sneaker maker’s push into the metaverse. User registration begins on Nov. 18. Nike Inc., the world’s largest sportswear company, plans to release its own digital goods on the .Swoosh…

    Binance to launch a recovery fund for crypto projects facing a liquidity crisis

    Binance’s CEO Changpeng Zhao said that Binance would launch the fund to help projects “who are otherwise strong, but in a liquidity crisis,” welcoming investors to contribute to the fund and qualifying projects to apply. Tron founder Justin Sun said that Tron, Huobi Global, and Poloniex will support the initiative. Binance plans to launch a…

    Crypto Trends Weekly – Nov. 5–11

    Breaking crypto news from the last week (Nov. 5–11, 2022): Nov. 5: Google Cloud is adding support for the Solana blockchain in BigQuery, to make it easier to access Solana data. It is also working on bringing Solana support to its Blockchain Node Engine. Support for Solana will go live in the first quarter of…

    Quick guide: Is Bitcoin halal or haram? Here’s what Islamic scholars are saying

    Bitcoin and other crypto assets have Islamic scholars racking their brains as they attempt to discern how this new technology fits into Islamic finance, a concept that already dates back 1,400 years – studies Alex Lielacher on CryptoNews. Read on to discover the opinions of various Islamic scholars and an answer to the question: Is…

    Crypto Investments Weekly – Nov. 5–11

    Top investment deals across the crypto sector over the last week (Nov. 5–11, 2022): Japanese mobile operator NTT Docomo plans up to $4 billion in Web3 investments Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter…

    Gulf Crypto Insight: Hot crypto news from the MENA region – November 11

    Top crypto news from the Middle East region over the last week (Nov. 4 –10, 2022): Middle East, Asia, and Africa blockchain association launches in Abu Dhabi A new blockchain, the cryptocurrency-focused association has been established within Abu Dhabi’s free economic zone, with the goal of advancing the development of blockchain and cryptocurrency ecosystems throughout…

    Massive funds flow out FTX and Alameda over ‘unauthorized access’ or bespoke ‘backdoor’

    Over $400 million outflow crypto exchange FTX and Alameda wallets on Nov. 11. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort to change financial records and move funds. Crypto exchange…