Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development…
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Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments
Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from…
FBI Recovers $5 Million From Pig Butchering Crypto Scam
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to…
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance…
Paypal Launches PYUSD Rewards Program With Anchorage Digital
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto…
Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight
The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief…
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial…
Mercado Libre, Latam’s Largest Company, Launches Own Dollar Stablecoin
Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was…
El Salvador to Educate 80,000 Public Servants on Bitcoin
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation…
Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT.…
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