stripe Archives

Twitter, Stripe roll out crypto payments for creators

Twitter has partnered with financial infrastructure platform Stripe to launch a pilot payout for creators. Stripe will initially release payouts using USD Coin (USDC), a stable coin pegged to the US dollar. Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology, and integration with Ethereum.

Crypto prices today: Bitcoin falls 3.2%, ETH down 4.7%

Bitcoin is currently trading at $38,500.93, a 3.2% decline over the previous day. Ethereum is down 4.74% over the last 24 hours to $2,814.74. Solana fell 6.3% to $95.27, while Cardano is trading lower by 6.65% at $0.837. Polkadot (DOT) crashed nearly 9% to $17.22. The global crypto market cap stands at $1.77 trillion, a 4.15% decline over the previous day.

US bank regulator accuses crypto bank of compliance issues

The Office of the Comptroller of the Currency (OCC) in the US plans to start cease & desist proceedings against Anchorage Digital Bank National Association (ADBNA). The crypto bank failed to adopt a compliance program that meets the requirements of the Bank Secrecy Act and anti-money laundering rules.

Crypto trading volumes in Indian exchanges drop after new tax rules

The trading volumes on major Indian crypto exchanges has declined following the adoption of the new tax law. The volumes of four Indian exchanges— WazirX, ZebPay, CoinDCX, and BitBns— were compiled using data from CoinMarketCap and Nomics. Trading volumes in WazirX was down 72%, ZebPay down 59%, CoinDCX down 52%, and BitBns down 41%.

eBay teases ‘digital wallet’ in investor presentation

Online marketplace eBay flashed a “digital wallet” slide early in its Investor Day presentation. This added to chatter about what the company’s plans might be with respect to crypto. Last month, CEO Jamie Iannone said the company is studying the potential for accepting crypto as it aims to be the go-to marketplace for Gen Z and millennials. eBay already allows the sale of non-fungible tokens (NFTs) on its platform.

Crypto prices today: Bitcoin falls marginally, ETH up 0.5%

Bitcoin is currently trading at $39,177.65, a 0.3% decline over the previous day. Ethereum is up 0.4% over the last 24 hours to $2,606.5. Solana decreased by 0.3% to $82.3, while Cardano is down 0.5% to $0.806. Meanwhile, Polkadot (DOT) jumped 5% to $17.8. The global crypto market cap stands at $1.75 trillion, a 0.04% decline over the previous day.

Crypto brain drain is “absolutely crazy” in India: Polygon co-founder

Dubai-based blockchain platform Polygon’s co-founder Sandeep Nailwal, while discussing India’s crypto sector and its regulations, said “the brain drain is absolutely crazy.” He discussed how developers, investors, and entrepreneurs are leaving for places with more friendly regulations. Nailwal said he wishes to stay in India and promote the Web3 ecosystem but regulatory uncertainty is a hurdle.

Payments giant Stripe launches support for crypto, NFTs

Financial services company Stripe has launched its crypto services, offering businesses the ability to use Stripe as a payment method for crypto and NFT transactions. Stripe is offering payout services for Web3 companies as well as know-your-customer (KYC) and fraud prevention. Currently, Stripe’s crypto services are only available to businesses in the US, UK, and European Union.

Dubai adopts crypto law; looking to become a hub for Web3.0

Dubai has adopted its first law meant to regulate the operations of cryptocurrencies and digital assets like NFTs. Under the new law, the UAE wants to establish a Dubai Virtual Assets Regulatory Authority (VARA), which would regulate digital assets. The transfer of virtual assets, exchange services, and operating virtual assets platforms is also under the VARA’s domain.