🚀 Stripe Launches USDC Payment Support for Over 150 Countries
#Stripe #USDC #Payments #Cryptocurrency #Blockchain #Ethereum #Solana #Polygon #Fintech #Stablecoin
According to BlockBeats, on October 10, payment giant Stripe has initiated and now supports USDC payments, allowing stablecoin transactions from over 150 countries. Buyers can make payments using USDC on the Ethereum, Solana, and Polygon blockchains, and U.S. businesses can directly receive payments in dollars.
This new feature can be integrated with checkout, content, or payment intents, and upcoming subscription services. Currently, it is available to hundreds of thousands of U.S. businesses, with plans to expand to more countries and regions in the future.#Stripe #USDC #Payments #Cryptocurrency #Blockchain #Ethereum #Solana #Polygon #Fintech #Stablecoin
🚀 Chris Dixon Calls For Clearer Stablecoin Regulations
#ChrisDixon #Stablecoin #Regulations #Cryptocurrency #Investment #DigitalAssets #PolicyClarity #Infrastructure #A16z #Entrepreneurs
According to BlockBeats, a16z partner Chris Dixon recently shared his perspectives on stablecoin regulation and the necessity for clearer regulatory guidelines from the US government. Dixon highlighted that the cryptocurrency market has started to overcome numerous technical challenges but still faces significant hurdles in infrastructure and policy clarity.
Dixon pointed out that the current market is constrained by two major factors: infrastructure and policy clarity. Contrary to some analysts' claims that large investors are ignoring application layer startups, Dixon noted that a substantial portion of their investments over the past few years has been in the application layer. However, he emphasized that these startups are unable to fully realize their potential due to concerns about prolonged legal disputes.
Dixon expressed optimism about the future, stating that the emergence of new entrepreneurs and applications in the digital asset space could lead to a #ChrisDixon #Stablecoin #Regulations #Cryptocurrency #Investment #DigitalAssets #PolicyClarity #Infrastructure #A16z #Entrepreneurs
🚀 Tim Draper Reveals Altcoin Investments And Emphasizes Utility
#TimDraper #AltcoinInvestments #Blockchain #Arkham #Tezos #DeFi #Bancor #Handshake #Utility #Cryptocurrency #ARKM #XTZ #BNT
According to PANews, American billionaire investor Tim Draper recently shared his altcoin investment portfolio on the Thinking Crypto podcast. Draper has invested in several blockchain projects, including Arkham, a blockchain analytics company whose team can link Bitcoin wallets to real identities, attracting institutional interest. He also holds Tezos, praising its governance mechanism and security, making it suitable for smart contracts and decentralized application development. Additionally, Draper has invested in the DeFi liquidity network Bancor and the decentralized domain name protocol Handshake. He emphasized the importance of ensuring that tokens have practical utility rather than being purely speculative before investing.#TimDraper #AltcoinInvestments #Blockchain #Arkham #Tezos #DeFi #Bancor #Handshake #Utility #Cryptocurrency #ARKM #XTZ #BNT
🚀 Ethereum ETF Sees No Net Inflows Or Outflows
#Ethereum #ETF #crypto #blockchain #investment #ETH
According to BlockBeats, on October 10, monitoring by Trader T revealed that the net inflow and outflow for the U.S. spot Ethereum ETF was zero on the previous day.#Ethereum #ETF #crypto #blockchain #investment #ETH
🚀 Thailand SEC Proposes New Regulations For Digital Asset Investments
#Thailand #SEC #DigitalAssets #Investments #Regulations #MutualFunds #PrivateFunds #InstitutionalInvestors #Crypto #ETFs #AssetManagement
According to Odaily, the Thailand Securities and Exchange Commission (SEC) has introduced new regulations that permit mutual funds and private funds to invest in digital assets. This move aims to align with international developments and cater to the growing interest from institutional investors. A draft proposal released on Wednesday is currently seeking public feedback on the revised standards for funds investing in digital assets.
The SEC's proposal would allow securities companies and asset management firms to offer services to large investors interested in crypto-related products, such as ETFs. This initiative is designed to create more opportunities for investors to diversify their portfolios under expert management.#Thailand #SEC #DigitalAssets #Investments #Regulations #MutualFunds #PrivateFunds #InstitutionalInvestors #Crypto #ETFs #AssetManagement
🚀 Bitcoin Spot ETF Options Likely To Launch In Early 2025, Analyst Predicts
#Bitcoin #ETFs #options #investment #SEC #CFTC #financialmarkets #2025
According to Odaily, Bloomberg ETF analyst James Seyffart has indicated that Bitcoin spot ETF options might be introduced in the United States by the first quarter of 2025. Speaking at the Permissionless conference on October 9, Seyffart stated, 'I think there is a possibility of launching (Bitcoin spot ETF) options by the end of this year, but it is more likely to happen in the first quarter of 2025.'
In September of this year, the U.S. Securities and Exchange Commission (SEC) authorized options related to BlackRock's IBIT to be listed on Nasdaq. These options are currently awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC). Seyffart noted, 'Unlike the SEC's regulations, the CFTC and OCC do not have strict deadlines, so they can delay further if they choose to.'#Bitcoin #ETFs #options #investment #SEC #CFTC #financialmarkets #2025
🚀 Mantle Global Hackathon MNT Buildathon Opens Applications With $150,000 Prize Pool
#MantleGlobalHackathon #MNTBuildathon #hackathon #prizepool #ConInfra #ConCon #infrastructure #middleware #frontendapplications #socialapps #games #health #userfriendly #mentorship #DevCon #growth #adoption
According to Odaily, the Mantle Global Hackathon, known as MNT Buildathon, has opened its application process. The event features a total prize pool of $150,000 and is divided into two main tracks: ConInfra and ConCon. The ConInfra track focuses on building infrastructure or middleware to support next-generation consumer applications. Meanwhile, the ConCon track is dedicated to creating front-end applications, including social apps, games, health, and accountability tools, with an emphasis on user-friendly experiences.
The timeline for the event is as follows: Applications are open from October 9, 2024, to November 12, 2024. Participants will receive one-on-one mentorship and access to Mantle resources starting from October 16, 2024. The DevCon demonstration days are scheduled from November 12, 2024, to November 15, 2024. The growth and adoption phase will take place from November 18, 2024, to December 7, 2024.#MantleGlobalHackathon #MNTBuildathon #hackathon #prizepool #ConInfra #ConCon #infrastructure #middleware #frontendapplications #socialapps #games #health #userfriendly #mentorship #DevCon #growth #adoption
🚀 OpenAI's Financial Projections Indicate Significant Losses Until 2029
#OpenAI #FinancialProjections #Losses #Profitability #Revenue #Expenses #StockBasedCompensation
According to Odaily, OpenAI incurred expenses amounting to $340 million in the first half of 2024. The company's forecasts suggest that it will not achieve profitability until 2029, at which point its revenue is expected to reach $100 billion.
Analysis of data from OpenAI's financial documents indicates that the company's losses could escalate to $14 billion by 2026, nearly three times the anticipated losses for this year. The total projected losses from 2023 to 2028 are estimated to be $44 billion. This estimate does not account for stock-based compensation, which is one of OpenAI's largest expenditures, despite not being paid in cash.#OpenAI #FinancialProjections #Losses #Profitability #Revenue #Expenses #StockBasedCompensation
🚀 Nigeria Securities Regulator Vows To Combat Crypto Fraud And Market Manipulation
#Nigeria #SecuritiesRegulator #CryptoFraud #MarketManipulation #CryptoEducation #InvestorsProtection
According to Odaily, Nigeria's securities regulatory body has committed to intensifying efforts against fraud, money laundering, and market manipulation within the cryptocurrency sector. Emomotimi Agama, the Director-General of the country's Securities and Exchange Commission, has pledged stringent enforcement actions against illegal crypto platforms. He also emphasized the importance of educating investors to protect them from scams.#Nigeria #SecuritiesRegulator #CryptoFraud #MarketManipulation #CryptoEducation #InvestorsProtection
🚀 German Investment Firm Lennertz & Co. Seeks $165 Million for Third Crypto Fund
#LennertzCo #CryptoFund #Investment #Blockchain #VentureCapital #Cryptocurrency #FundOfFunds #PrivateEquity #Multicoin #Polychain #HackVC #BainCapital #Lightspeed #AndreessenHorowitz
According to Odaily, German investment firm Lennertz & Co. is aiming to raise $165 million for its third cryptocurrency fund. Oksana Tiedt, the head of fund investments at Lennertz, confirmed the fund has completed its first close but did not disclose specific figures. Founded in 2015, Lennertz & Co. is a multi-family office that invests in various asset classes, including private equity and traditional venture capital. The firm began exploring the blockchain sector around 2016 and launched a $35 million fund of funds in 2020 after privately investing in a fund. In 2022, it introduced a second $65 million fund. As a fund of funds, Lennertz does not directly invest in portfolio companies or token trades but rather invests in other firms, including well-known crypto venture capital firms like Multicoin, Polychain, and Hack VC. The second fund focused on generalist funds with crypto strategies, including Bain Capital, Lightspeed, and Andreessen Horowitz. With the third fund, Lennertz plans to invest in 8 to 10 blockchain-focused venture capital funds, some in Europe but mostly in the United States. Tiedt mentioned that Lennertz has already raised sufficient funds to invest in two funds, specifically Polychain and Bain Capital's crypto funds.#LennertzCo #CryptoFund #Investment #Blockchain #VentureCapital #Cryptocurrency #FundOfFunds #PrivateEquity #Multicoin #Polychain #HackVC #BainCapital #Lightspeed #AndreessenHorowitz
🚀 Intercom Partners With Anthropic To Enhance AI-Driven Customer Service
#Intercom #Anthropic #AI #CustomerService #ChatGPT #Investment #MachineLearning #GenerativeAI
According to Odaily, Irish technology company Intercom has ended its collaboration with ChatGPT and opted to partner with OpenAI's competitor, Anthropic, to drive growth in AI-powered customer service. Des Traynor, Intercom's co-founder and Chief Strategy Officer, stated that since integrating generative AI into customer service queries, the company has doubled its support volume without increasing staff size. In May, Intercom CEO Eoghan McCabe announced an additional $100 million investment in AI capabilities and the creation of 75 new jobs, focusing on expanding the machine learning department. Part of this investment includes collaborating with Anthropic's Claude to support its AI-driven Fin 2 customer service bot, instead of using OpenAI's ChatGPT, which powered the original Fin.#Intercom #Anthropic #AI #CustomerService #ChatGPT #Investment #MachineLearning #GenerativeAI
🚀 Texas Drug Ring Members Sentenced For Dark Web Activities
#Texas #DrugRing #DarkWeb #Loverbois #Cryptocurrency #Methamphetamine #FederalInvestigation #DrugOrders
According to Odaily, six members of a Texas drug ring have been sentenced for their involvement in dark web drug activities. The group, operating under the name 'Loverbois,' laundered up to $50,000 monthly using cryptocurrency. They sold nearly 12 kilograms of methamphetamine and handled approximately 20 drug orders daily from July 2019 to December 2020. Following a federal investigation that dismantled the network, the members received sentences ranging from probation to 84 months in prison.#Texas #DrugRing #DarkWeb #Loverbois #Cryptocurrency #Methamphetamine #FederalInvestigation #DrugOrders
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 1.91% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On Oct 10, 2024, 05:46 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400 USDT, with a narrowed narrowed 1.91% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Bitcoin(BTC) Surpasses 61,000 USDT with a Narrowed 2.34% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #finance
On Oct 10, 2024, 05:49 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 61,000 USDT benchmark and is now trading at 61,001.011719 USDT, with a narrowed narrowed 2.34% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #finance
🚀 Kriptown Secures €4.2 Million In Series A Funding
#Kriptown #SeriesAFunding #Blockchain #SecuritiesTrading #EuropeanDLTPilot #SMEs #BNPParibas #Bpifrance #FinancialMarkets #DLTTSS #ACPR
According to Odaily, French blockchain securities trading platform Kriptown has announced the completion of a €4.2 million Series A funding round. The round was led by BNP Paribas, Bpifrance, and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders in the company. The newly acquired funds will be utilized to establish a European securities exchange specifically for small and medium-sized enterprises (SMEs) under the European DLT pilot regime. This initiative aims to create financial markets based on blockchain technology.
Additionally, Kriptown has officially submitted an application for a DLT TSS (Trading and Settlement System) license to the French Prudential Supervision and Resolution Authority (ACPR) under the European DLT pilot regime.#Kriptown #SeriesAFunding #Blockchain #SecuritiesTrading #EuropeanDLTPilot #SMEs #BNPParibas #Bpifrance #FinancialMarkets #DLTTSS #ACPR
🚀 MeWe Secures $6 Million In Series B Funding For AI And Web3 Development
#MeWe #Funding #ArtificialIntelligence #Web3 #SocialMedia #Decentralized #UserAcquisition #Marketing #NativeToken #PlatformEngagement
According to Odaily, privacy-focused social media network MeWe, which operates on the Decentralized Social Networking Protocol (DSNP), has successfully raised $6 million in a Series B funding round. The investment was led by McCourt Global. The newly acquired funds will be allocated towards the further development of artificial intelligence integration and the introduction of new Web3 product features. Additionally, the company plans to use the funds for strategic user acquisition through targeted marketing efforts and the launch of a native token aimed at enhancing user growth, platform engagement, and utility.#MeWe #Funding #ArtificialIntelligence #Web3 #SocialMedia #Decentralized #UserAcquisition #Marketing #NativeToken #PlatformEngagement
🚀 Malware Disguised As Legitimate Software Infects Over 28,000 Users
#Malware #Cybersecurity #CryptoMining #DoctorWeb #LegitimateSoftware #Infection #Cryptocurrency #Hackers #FraudulentLinks #Clipper
According to BlockBeats, on October 10, cybersecurity firm Doctor Web reported the detection of malware disguised as legitimate software, such as office programs, game cheats, and online trading bots. This crypto-mining and stealing software has infected over 28,000 users, primarily in Russia, but also in Belarus, Uzbekistan, Kazakhstan, Ukraine, Kyrgyzstan, and Turkey.
Doctor Web stated that hackers have only obtained approximately $6,000 worth of cryptocurrency. However, it remains unclear how much the malware creators have earned from cryptocurrency mining. The cybersecurity company noted that the sources of this malware include fraudulent GitHub pages and YouTube video descriptions with malicious links.
Once a device is infected, the covertly deployed software hijacks computing resources to mine cryptocurrency. The malware, known as 'Clipper,' also monitors the cryptocurrency wallet addresses copied to the device's clipboard and replaces them with addresses controlled by the attackers, enabling them to steal small amounts of cryptocurrency.#Malware #Cybersecurity #CryptoMining #DoctorWeb #LegitimateSoftware #Infection #Cryptocurrency #Hackers #FraudulentLinks #Clipper
🚀 Worldcoin Launches World ID Verification Service In Dominican Republic
#Worldcoin #WorldID #VerificationService #DominicanRepublic #DigitalIdentity #IdentityVerification #Security #Efficiency #WLD
According to Odaily, Worldcoin has announced the launch of its World ID verification service in the Dominican Republic. This new service aims to provide secure and reliable identity verification for users in the region. The introduction of World ID is part of Worldcoin's broader strategy to enhance digital identity solutions globally. The company believes that this service will significantly improve the security and efficiency of identity verification processes in the Dominican Republic.#Worldcoin #WorldID #VerificationService #DominicanRepublic #DigitalIdentity #IdentityVerification #Security #Efficiency #WLD
🚀 ECB Questions Stability Of Stablecoins Amid US Monetary Policy Influence
#ECB #Stablecoins #MonetaryPolicy #Cryptocurrencies #USInterestRates #MarketVolatility #FinancialMarkets #DigitalAssets #InvestmentSafety
According to Odaily, the European Central Bank (ECB) has raised doubts about the perception of stablecoins as a 'safe haven' for investors during market turbulence, arguing that they are significantly influenced by U.S. monetary policy. A recent working paper examined the connections between U.S. monetary policy, money market funds (MMFs), and stablecoins. The authors concluded that 'monetary policy, especially dollar policy, is a key link between cryptocurrencies and traditional financial markets.' The paper highlighted that stablecoins, which typically have a fixed price and are often pegged to fiat currencies like the U.S. dollar, are susceptible to shocks from traditional financial markets, such as changes in U.S. monetary policy, including interest rate hikes.
The ECB evaluated data since 2019 and found that U.S. government interest rate increases led to a 10% decline in the market value of stablecoins within the following 12 weeks. In contrast, traditional non-crypto assets, such as money market funds, experienced significant capital inflows during the same period.#ECB #Stablecoins #MonetaryPolicy #Cryptocurrencies #USInterestRates #MarketVolatility #FinancialMarkets #DigitalAssets #InvestmentSafety
🚀 Argentina's Growing Adoption Of Stablecoins Amid Currency Devaluation
#Argentina #Stablecoins #Cryptocurrency #CurrencyDevaluation #Inflation #FinancialFuture #CryptoAdoption #Blockchain
According to Odaily, blockchain security firm Chainalysis released a study on Wednesday indicating that Argentina's cryptocurrency adoption rate is on the rise, with a notable correlation between the use of stablecoins and the country's currency devaluation. The study reveals that stablecoins account for 61.8% of all crypto transactions in Argentina, surpassing Brazil's 59.8% and only trailing behind Colombia's 66%.
The report attributes the surge in the use of stablecoins in Argentina to the population's need to gain exposure to the US dollar. Argentina is recognized as one of the countries with the highest inflation rates globally. The report states, 'The interest in stablecoins among Argentinians highlights the role of cryptocurrencies in unstable markets and how citizens can better control their financial future by adopting cryptocurrencies, regardless of official monetary policies.'
Additionally, the report notes that the devaluation of the Argentine peso frequently leads to an increase in stablecoin transactions on crypto exchanges.#Argentina #Stablecoins #Cryptocurrency #CurrencyDevaluation #Inflation #FinancialFuture #CryptoAdoption #Blockchain
🚀 Tron And El Dorado Collaborate On Gas-Free USDT Transactions In Latin America
#Tron #ElDorado #USDT #GasFreeTransactions #LatinAmerica #Stablecoin #Blockchain #Ethereum #Crypto #PeerToPeerTransactions #Finance #TRX
According to Odaily, Tron and El Dorado have announced a collaboration to pilot gas-free USDT transactions in Latin America. From October 7 to October 30, users will be able to withdraw USDT from the Tron network to external wallets through the El Dorado platform without incurring gas fees, albeit with a limited number of free transactions per day. El Dorado, a leading stablecoin trading platform in Latin America, has facilitated over 2.5 million USDT in peer-to-peer transactions and serves a community of more than 270,000 users.
In July, Tron founder Justin Sun revealed that the team is developing a gas-free transfer solution, expected to launch in the fourth quarter of this year. The costs will be entirely covered by the stablecoin itself. This innovation will initially be implemented on the Tron blockchain and later extended to Ethereum and all EVM-compatible public chains.
As of now, the circulating supply of TRC20-USDT exceeds 61.8 billion tokens, accounting for 51% of the total USDT supply across all networks. The number of users has surpassed 53.65 million, with over 2.037 billion cumulative transactions, making it the most widely adopted on-chain stablecoin.#Tron #ElDorado #USDT #GasFreeTransactions #LatinAmerica #Stablecoin #Blockchain #Ethereum #Crypto #PeerToPeerTransactions #Finance #TRX