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Today in Crypto: Unstoppable Domains Users Can Now Get ‘.com’ Addresses, Ledger Reveals 2nd Season of Metaverse Game

October 30, 2023

Source: AdobeStock / Bits and Splits Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Web3 news Domain and digital identity platform Unstoppable Domains announced that it entered the .com Namespace. Unstoppable users can now purchase “.com” addresses, the most popular type of…
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Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more

October 28, 2023

This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more. Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate…
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Mastercard Explores Web3 Alliances: MetaMask and Ledger Included

October 25, 2023

Source: Pexels Global payments giant Mastercard is eyeing potential collaborations with self-custody wallet firms, such as MetaMask and Ledger, as part of its strategic push into the Web3 space. Citing an internal report from a Web3 strategy workshop, CoinDesk on Tuesday said Mastercard sees the integration of payments cards with self-custody wallets as a mutually…
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Consultant’s Heroic Act: How a Personal Wallet Saved $400 Million During the FTX Hack

October 10, 2023

In a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history. According to a Wired report from Monday, Kumanan Ramanathan, an adviser to FTX from consulting firm…
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Ripple CTO seeks community consensus for XRPL AMM feature adoption

October 8, 2023

David Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment. Ripple chief technology officer David Schwartz has advocated for XRP Ledger (XRPL) validators to support an automated market maker (AMM) feature, but only if there is consensus within the community. On X (formerly Twitter),…
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CoinShares-owned Komainu secures crypto custodian registration in UK

October 7, 2023

Komainu is increasing its presence in the U.K. after agreeing with authorities to store crypto seized during local investigations in 2021. Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has secured major regulatory approval in the United Kingdom. The company announced on Oct.…
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Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’

October 5, 2023

The wallet manufacturer reportedly had around 734 employees at the time of publication, suggesting roughly 88 people may have lost their jobs. Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%. In an Oct. 5 blog post, Gauthier said the staff cuts…
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Paypal Offers More Crypto Payment Options for Web3 Merchants in US

September 13, 2023

Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On- and Off-Ramps for Web3 Payments Payments giant Paypal revealed on Monday it’s moving…
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Leading Crypto Companies Band Together to Advocate for Regulatory Clarity in Texas

September 12, 2023

In an effort to promote regulatory clarity in the cryptocurrency industry, several prominent crypto and blockchain companies have joined forces to establish the Crypto Freedom Alliance of Texas. The alliance, which includes a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm, aims to advocate for the development of coherent and predictable regulations for…
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Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

August 25, 2023

After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline of Prime Trust In a declaration filed along with the bankruptcy petition…
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Tag: Ledger