Plaid Co-Founder Unveils Bank for Fintechs
Plaid co-founder William Hockey has unveiled his new startup, a Column — an infrastructure bank designed exclusively to assist developers in creating financial products.
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Privacy-Focused Blockchain Project Aleo Raises $200 Million From Softbank, Tiger, And Others
According to the initiative's chief executive officer, Howard Wu, Aleo intends to develop a GitHub-like firm. Aleo's team has also developed its own scripting language, Leo, to make it easier for programmers to construct decentralized and secured apps.
Puerto Rico is on the way to becoming the US capital of crypto investors
Puerto Rico is the most crypto-favorable US territory, due to Act 22. According to this local act, US residents living in Puerto Rico for at least six months are not charged taxes related to crypto incomes. The law covers different categories of gains. Furthermore, a person is able to live in Puerto Rico, having US residency (there is no necessity to renounce the status).
Punks vs. Apes: It’s a Fight For NFT Dominance
Bored Apes and CryptoPunks are the only NFT projects that show great results despite the overall drop in the market. It attracts many notable people (for instance, Jordan Belfort bought Punk in October).
Revolut Launched Crypto Staking
Customers in the UK and EEA may now earn profits on their crypto holdings by locking it up in a wallet thanks to Revolut's launch of cryptocurrency staking.
Revolut Launches Crypto Spending on Its Debit Cards
Customers will be able to switch between crypto and fiat payment methods online and offline, thanks to Revolut, which has integrated crypto spending mode into its debit cards.
Rhodium Enterprises mining company is about to attract $100 M through IPO
Rhodium Enterprises, a mining company from Delaware, sent an application to the Securities and Exchange Commission to run an IPO. The company is going to enter the Nasdaq exchange under the ticker RHDM.
Russian Lawmaker Suggests Nation Could Accept Bitcoin for Oil Payments
Under pressure from Western sanctions, Russia is considering alternative currencies for natural resource transactions.
Russia’s Sberbank Receives Licence To Issue Digital Assets
Sberbank, Russia's largest lender, has been given a licence by the central bank to issue digital assets. The move follows the US sanctions that caused the institution's value to plummet earlier in the month.
Samsung Introduces Credit Card in India
Axis Bank and IT giant Samsung have partnered to provide a co-branded Visa credit card in India.
SEC aims to regulate stablecoins within the USA
For years stablecoins have been recognized as a threat to a traditional economic system by official governments. The US Securities and Exchange Commission came up with a decision that such assets need to be strictly controlled on the territory of the USA.
SenseTime Said to Get About $500 Million Cornerstone Investment
According to individuals familiar with the situation, Chinese artificial intelligence firm SenseTime Group Inc. has acquired around $500 million in cornerstone funding ahead of its anticipated Hong Kong IPO.
Shares Launches Beta Testing of Crypto Trading in Europe
Shares beta testing for cryptocurrency trading began last week across 11 European nations. Here is what to expect from its launch.
SHIBA INU to debut in the crypto top-10
The time for jokes is over, as the meme coin, SHIBA INU, sets one record after another. The cryptocurrency is celebrating its debut into the top-10 of the crypto ranking, according to market capitalization.
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