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PayPal-Backed Raise Secures $63M to Expand Blockchain-Based Smart Cards

Raise secures $63M in funding, backed by PayPal, to expand its blockchain-based Smart Cards system, enhancing gift card security, programmability, and fraud prevention. Raise Aims to Revolutionize the Gift Card Market With Smart Cards with Paypal Chicago-based gift card marketplace Raise has secured $63 million in funding, led by Haun Ventures with participation from PayPal,…
March 4, 20250Comments

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cronos prepaid cards crypto.com
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Cronos Partners with Crypto.com to Enable Direct Crypto-to-Debit Card Transfers

Popular blockchain firm, Cronos, has launched a new service allowing users to withdraw funds directly to a prepaid card, streamlining the process of converting cryptocurrency to fiat.  Notably, the feature, developed in partnership with Crypto.com, is aimed at enhancing the accessibility of decentralized finance (DeFi) in everyday transactions. By linking their Web3 non-custodial wallets on…
February 27, 20250Comments

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consensys
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Consensys Founder Declares Victory as SEC Drops MetaMask Case, Pledges Stronger Ethereum Future

Consensys and the U.S. Securities and Exchange Commission (SEC) have reached an agreement in principle to dismiss the agency’s enforcement case against the blockchain software firm, according to statements from Consensys CEO Joseph Lubin.  The case, which targeted MetaMask’s staking service, is pending formal approval by the SEC Commission. The lawsuit, filed in June 2024…
February 27, 20250Comments

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safe safe{wallet} cz
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Safe Reveals How Lazarus Breached Bybit—CZ Calls for More Transparency

In a February 26 statement on X, Safe{Wallet} confirmed that the recent attack on Bybit was executed by the Lazarus Group, a North Korean state-sponsored hacking organization.  Significantly, the breach was facilitated through a compromised Safe{Wallet} developer machine, allowing the attackers to propose a malicious transaction affecting an account operated by Bybit. https://t.co/9zhPMCmGbB — Safe.eth…
February 26, 20250Comments

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phantom acquires simplehash
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Phantom Acquires SimpleHash to Enhance Real-Time Token Data for Users

Phantom, a popular crypto wallet service provider, has acquired blockchain data platform SimpleHash, marking its third acquisition in eight months.  Notably, the move aims to improve the accuracy and performance of token data for Phantom users, enhancing their experience in tracking digital assets. SimpleHash is known for its real-time blockchain insights and supports over 80…
February 26, 20250Comments

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bybit ceo ben zhou lazarus bounty
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Bybit CEO Launches Lazarus Bounty Platform to Track and Freeze Sanctioned Funds

Bybit co-founder and CEO Ben Zhou has announced the launch of Lazarus Bounty, an initiative aimed at tracking and freezing funds linked to the North Korean hacker group Lazarus after its $1.5B attack on the exchange company. Notably, the Lazarus bounty platform introduces a transparent and community-driven approach to combating cryptocurrency-related money laundering. For context,…
February 25, 20250Comments

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505 Million
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OKX Pleads Guilty to U.S. Anti-Money Laundering Violations, Agrees to $505 Million Settlement

Seychelles-based crypto exchange OKX has admitted to violating U.S. anti-money laundering laws, agreeing to a $505 million settlement after facilitating billions in suspicious transactions. OKX Settles U.S. Criminal Case for $505 Million OKX, a major cryptocurrency exchange operated by Aux Cayes FinTech Co., has pleaded guilty to running an unlicensed money-transmitting business in the U.S.…
February 25, 20250Comments

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zachxbt arkham bounty bybit hack
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ZachXBT To Claim Arkham Bounty for Exposing North Korean Lazarus Group’s Role in Bybit Hack

Blockchain investigator ZachXBT has linked the recent $1.46 billion Bybit hack to North Korea’s Lazarus Group, according to a submission made to Arkham Intelligence at 19:09 UTC.  Notably, the finding, which includes an extensive forensic analysis of wallet movements and test transactions, has been shared with Bybit’s security team to support its ongoing investigation. BREAKING:…
February 21, 20250Comments

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Wind Energy
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Bitcoin Miner MARA Acquires Texas Wind Energy Farm to Cut Costs and Boost Sustainability

MARA Holdings Inc. acquires a Texas wind energy farm to power bitcoin mining with renewable energy, reducing costs and boosting sustainability. Bitcoin Miner MARA Invests in Wind Energy to Cut Costs and Reduce Environmental Impact MARA Holdings Inc. (Nasdaq: MARA) has acquired a wind farm in Hansford County, Texas, to power its bitcoin mining operations…
February 21, 20250Comments

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Hong Kong's SFC
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Hong Kong’s SFC Unveils New Roadmap to Strengthen Virtual Asset Market

The Securities and Futures Commission (SFC) has announced a new regulatory roadmap, ASPIRe, outlining 12 key measures to bolster Hong Kong’s position as a global virtual asset hub. Notably, the initiative focuses on enhancing security, fostering innovation, and expanding market growth. Key Pillars of  the SFC’s ASPIRe The ASPIRe roadmap consists of five pillars: Access,…
February 19, 20250Comments

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