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San Francisco-based payments company Stripe announced on Thursday that it is rolling out a service that makes it easier for Web3 companies to accept payments in cryptocurrencies like Bitcoin BTC/USD . What Happened: According to Stripe, it is offering a widget, which can be embedded directly into a decentralized exchange (DEX), non-fungible token (NFT) platform,
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Why would a fairly successful financial executive in his early 70s get involved with a FinTech startup serving the cannabis industry? Richard Laiderman gets asked this a lot. People seem to be curious. His glib answer is that its fun. In the 1940 essay, A Mathematicians Apology, G.H. Hardy felt the need to explain why
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An FTX FTT/USD customer who claimedhe lost $750,000 after the exchange went bankrupt has filed a lawsuit against the NBA's Golden State Warriors based on the teampromoting the allegedly fraudulent crypto exchange, according to a Reuters reportfromMonday. Elliott Lamfiled the class-action lawsuit in San Francisco, naming Sam Bankman-Fried, Caroline Ellisonand the Golden State Warriors in
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President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
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Rising interest rates have crushed high-growth tech stock valuations in 2022, and most of the high-profile fintech IPOs of recent years are now trading well off their post-IPO highs. On Wednesday, DataTrek Research co-founder Jessica Rabe said fintech startups are now relying heavily on private financing. Coinbase Global Inc COIN , SoFi Technologies Inc SOFI
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At this point, you have probably absorbed, directly and indirectly, more than enough information on Web3s disgraced hero, Sam Bankman-Fried (SBF) and his currently insolvent businesses, FTX FTT/USD and its sister company, quantitative trading firm Alameda Research. Yet the story continues to unfold well beyond the investigations underway by the US Securities and Exchange Commission
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Bitcoin and Ethereum traded lower on Wednesday evening as the global cryptocurrency market cap dropped 1.8% to $841.15 billion at 7:21 p.m. EST. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1.3% -1.75% $16,856.27 Ethereum ETH/USD -2.9% -4.75% $1,233.13 Dogecoin DOGE/USD -4.3% -10.5% $0.096 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour
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Ending Jack Mas Ant Groups two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaires fintech company. What Happened: Chinas central bank which has been driving the revamp at Ant after the Xi Jinping-led administration scuttled the company's $37 billion IPO at the last minute in 2020
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Stock, drop, and roll — Adobe Stock begins selling AI-generated artwork AI-wielding artist must assert ownership and label each piece as “Generative AI.” Benj Edwards – Dec 6, 2022 11:12 pm UTC Enlarge / An AI-generated watercolor illustration, now eligible for inclusion in Adobe Stock.Benj Edwards / Ars Technica reader comments 79 with 0 posters
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