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Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter


On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform...

Stablecoins See Growth With Crypto Market Stuck in ‘Bearish Lull’


  A “bearish lull” in the crypto market fuelled growth in stablecoins, with the market capitalization of the top five stablecoins growing by 13% in the first quarter, according to a new report from the coin tracking site CoinGecko. The growth in the market capitalization of stablecoins is notable...

Financial Giant BlackRock Becomes 'Strategic Investor' in USDC Issuer Circle


  The global fintech firm Circle has entered into an agreement for a new USD 400m funding round with participation from several major players from traditional finance, while making asset management giant BlackRock, Inc. a “strategic investor” in the company. The funding round, announced by Circle...

When Bitcoin Meets Inflation


  Alice Liu, Senior Associate, Cryptocurrency Investments at exchange-traded fund and exchange-traded product sponsor WisdomTree. __________... Read More: When Bitcoin Meets Inflation

Circle Chooses BNY Mellon to Custody USDC Reserves


Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators


According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge...

Sentiment Improves as Bitcoin, Ethereum Jump into Positive Territory


  Sentiment in the crypto market improved markedly over the past week, with the 7-day sentscores of both of the two largest cryptoassets now back in positive territory, according to the market sentiment analysis service Omenics. With the average 7-day sentscore for the 10 major coins tracked...

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