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Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees


Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin,...

Coinbase Commerce suggests merging Solana with Lightning Network


Coinbase Commerce is likely to integrate Solana and the Lightning Network. The same has been teased through its product lead, Lauren Dowling. Coinbase Commerce has, for now, removed support for UTXO and Bitcoin. The idea behind making such changes is to address the struggles of customers with...

Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case


Blockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Here’s why it matters: Hermés, designer of the legendary Birkin bag,...

Report: Japan’s E-Commerce Giant Mercari to Accept BTC Payments


Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to Continue Displaying Yen Prices One of Japan’s...

Japanese E-commerce Heavyweight Mercari to Accept Bitcoin Payments


Source: vladim_ka/Adobe Mercari, one of Japan’s biggest e-commerce platforms, says it will start accepting Bitcoin (BTC) from June this year. Per a report from Nikkei, the firm will process Bitcoin payments via its Tokyo-based crypto subsidiary Melcoin. Melcoin will convert all BTC payments into...

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending


Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying...

Petition to Stop Proposed Crypto Ban in US Gains Traction


A petition to stop a proposed crypto ban in the U.S. has gained traction. The Chamber of Digital Commerce explained that the Digital Asset Anti Money Laundering Act, introduced by Senator Elizabeth Warren and currently supported by 19 U.S. senators, is “a crypto ban” that...

Bitcoin’s Market Cap Increased by a Peak of 172% in 2023 + More News


Source: AdobeStock / Coloures-Pic Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin’s Market Cap Increased by a Peak of 172% in 2023 Bitfinex Securities Facilitates $5.2M...

House Committee Unanimously Passes Pro-Blockchain Bill


The House Committee on Energy has voted unanimously to approve a new piece of legislation entitled the “Deploying American Blockchains Act.” What the bill entails According to the brief, the bill would “direct the Secretary of Commerce to promote the competitiveness of the United States related to...

Pro-Blockchain Bill Clears Hurdle in U.S. House


Another crypto bill has cleared the goal posts of a committee in the U.S. House of Representatives, with the unanimous approval of legislation that would direct the U.S. Secretary of Commerce to support blockchain technology

Shopify COO: Expect Surprising Progress in Our Crypto Implementation


Source: Adobe / boumenjapet People will be surprised by the fast progress being made with crypto implementations at e-commerce platform Shopify, according to a senior executive at the company. Writing on social media platform X on Sunday, Kaz Najatian, Vice President of Product and Chief Operating...

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