Crypto-news

Cash App users can now send and receive Bitcoin payments instantly via the Lightning Network, the company announced. Previously, this Lightning function on the popular payments app was limited but now Cash App users can send and receive Bitcoin via the fast solution. Michael Rihani, Cash App Bitcoin Product Lead, announced on Twitter that Cash…

Apple has updated its App Store Review Guidelines with more rules for crypto assets, Web3 games, and NFTs. The tech giant’s ban on peer-to-peer NFT trading de facto remains. Apple also reaffirms its longstanding policy preventing links to alternative payment methods. According to the new rules published on Oct. 24, the tech corporation has no…

The Near Foundation, an organization behind the NEAR blockchain, urged the winding down of the USN stablecoin and announced a $40 million fund for a “USN Protection Programme.” The foundation is setting aside the funds, which it says is equal to the amount of a “collateral gap” associated with the undercollateralization of the USN project….

Crypto-staking platform Freeway, which touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. The platform also deleted its team details, which allegedly hints at a rug pull, according to FatManTerra. As a result, the platform’s native token FWT was down more than 70% over the…

MakerDAO, the issuer of DAI stablecoin, is reportedly moving forward with a proposal to onboard an account to Coinbase prime and transfer about $1.1 billion (33% of its USDC) into custody. The platform could earn around 15 million USDC in annual revenue by moving assets to Coinbase, MakerDAO says. Porter Smith, an a16z deal partner,…

Breaking crypto news from the last week (Oct. 15 – 21, 2022): Oct. 15: TRON founder Justin Sun announced a merger between the TRON network and the Heco Chain. In his words, the TRON and BitTorrent chain network will merge with developers from Heco. Sun made this announcement a day after revealing his Huobi tokens…