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Former Meta, PayPal executive building payment solution on Bitcoin Lightning Network

0xMain
June 10, 2023

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David Marcus, an executive whose past stints include working at Meta, formerly Facebook—a company that is using technology to connect people and bring the metaverse to life; and PayPal, an online payment system, is now building a payment solution that leverages the Bitcoin...

SEC accepting ethereum for penalty payment

0xMain
May 31, 2023

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The U.S. Securities and Exchange Commission (SEC) is accepting ethereum as part of a penalty payment in a recent fraud case, while maintaining the classification of the digital asset as a security. In an unexpected twist of events, the Securities and Exchange Commission...

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New York proposes legislation to allow stablecoins as bail payment

0xMain
May 11, 2023

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New York State has proposed new legislation that would authorize fiat-collateralized stablecoins as a means of bail payment. The bill, known as New York Assembly Bill 7024, introduced on May 10, would add stablecoins to the list of approved methods of paying bail...

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Liechtenstein explores bitcoin payment option for government services

0xMain
May 8, 2023

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Liechtenstein’s Prime Minister, Daniel Risch, has announced plans to allow citizens to pay for government services using bitcoin. In a May 7 interview, Risch stated that a bitcoin payment option is coming, without providing further details. The European microstate plans to accept payments...

Mastercard to expand crypto payment card program

0xMain
April 28, 2023

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Raj Dhamodharan, Mastercard’s head of crypto and blockchain, stated that the payment company intends to grow its cryptocurrency payment card program by looking for further collaborations with crypto businesses. The move is being taken despite the recent scrutiny by regulators on banks and...

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Coinbase suspends support for Signature Bank’s Signet payment service

0xMain
March 21, 2023

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Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. Following the recent shutdown of Signature Bank, Brian Armstrong’s Coinbase crypto exchange has made it clear to its customers that Signet, the former’s real-time...

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US Fed to launch its payment network in 2023

0xMain
March 16, 2023

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The United States Federal Reserve has announced that its own instant payment service will go live in July. Dubbed FedNow, the solution will enable instant payments on a 24/7 basis within the US. The Federal Reserve‘s financial services division has announced plans to...