Scroll, an Ethereum layer-2 project, was recently listed on the centralized cryptocurrency exchange Binance, sparking debate in the crypto community about centralization. The listing, announced on Oct. 11, was praised for its potential to boost growth but criticized for its perceived alignment with centralized entities. Concerns were raised about whether the project was compromising on…
Stripe, a major payments provider, saw users from 70 countries adopt its newly launched stablecoin payment option on the first day of its rollout, highlighting strong global demand for alternative payment solutions. Stripe was the first major payment provider to adopt Bitcoin in 2014. Still, the company backtracked on the decision in 2018, citing slow…
Blockchain analytics firm Arkham Intelligence reportedly plans to launch a cryptocurrency derivatives exchange as soon as next month, according to a Bloomberg report. The exchange will target retail traders and compete with existing platforms such as Binance, Bloomberg said, citing a person familiar with the matter. Arkham is already reportedly in the process of obtaining…
Blockchain technology offers a solution as the video content industry faces growing challenges around monetization and audience engagement. By enabling real-time payments to creators, transparent watch data and gamified audience engagement, blockchain-powered streaming platform Replay aims to empower creators and viewers. Through its free ad-supported streaming service, Replay rewards viewers for every hour watched while allowing them…
Dubai’s crypto regulator has initiated a crackdown on unregulated crypto companies and firms violating its marketing rules. On Oct. 9, Dubai’s Virtual Assets Regulatory Authority (VARA) issued fines and cease-and-desist orders to seven businesses for breaching marketing regulations and operating without required licenses. VARA said it’s conducting further investigations in collaboration with other local authorities. The regulator…
Increasing regulatory clarity around spot Bitcoin and Ether exchange-traded funds (ETFs) in the United States and Asia has encouraged almost half of traditional hedge funds to obtain exposure to digital assets. A survey conducted by the Alternative Investment Management Association and PwC revealed that 47% of hedge fund managers trading in traditional markets have exposure…
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