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MicroStrategy will raise $600 million to buy more Bitcoin

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MicroStrategy Incorporated (Nasdaq: MSTR) announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offer is subject to market conditions and other factors, with the potential to increase by an additional US$90 million. These senior unsecured obligations of MicroStrategy will bear…

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PayPal Allows US Users to Sell Cryptocurrencies Through MetaMask Wallet

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PayPal continues to expand its digital asset services, integrating new methods of selling cryptocurrencies like Bitcoin. Global payments giant PayPal continues to expand its digital asset services by integrating new methods of selling cryptocurrencies like Bitcoin (BTC). On September 11, PayPal officially introduced new on- and off-ramps for Web3 payments, allowing US users to convert…

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Bitcoin strike-based payment app announces expansion in Philippines

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Bitcoin Strike-based financial app and payment network announced that they are expanding their money transfer services with Bitcoin Lightning Network to the Philippines. The ad sees Strike making its foray into one of the biggest remittance markets in the world, valued at a staggering $35 million. Expansion to the Philippines Digital payments company Strike has…

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Why did the US Treasury sanction the Tornado Cash cryptocurrency exchange?

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According to a press release, the U.S. Treasury Department announced sanctions against Tornado Cash, a decentralized exchange (DEX). The institution has added the tornado.cash website, associated entities, and various Ethereum-based addresses to its Office of Foreign Assets Control (OFAC) list of Specially Designated Citizens and Blocked Persons (SDN). There are around 40 ETH addresses on…

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Mastercard Sees Crypto More As An Asset Class Than A Payment Method

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Mastercard views cryptocurrency more as an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s encryption strategy “has been quite successful as long as encryption environments have existed,” he added. Mastercard CFO on Cryptocurrency as an Asset Class vs. Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his…

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Argentine Soccer Club Uses Cryptocurrency to Sign Local Player

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Argentina has been national news with the latest signing of a local soccer player with cryptocurrency. São Paulo is one of the biggest soccer teams in Brazil and they just bought a player with cryptocurrencies. São Paulo, with the help of USDC, a stablecoin pegged to the US dollar, signed the player from the Argentine…

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Crypto Giant Coinbase To Strengthen Its Presence In Europe, Plans To Expand In France And Three Other Countries

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Coinbase, the leading US-based cryptocurrency exchange, is looking to increase growth outside of the US as the company plans to expand its services to four European countries. In a new company blog post, the cryptocurrency exchange says it is stepping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands after gaining…

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Ripple Launches Innovation Challenge for CBDC Solutions on XRP Ledger

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Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…

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MicroStrategy takes a big hit after crypto crash

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Software giant MicroStrategy continues to suffer thanks to its ongoing ties to bitcoin. The world’s number one digital currency by market capitalization has been seeing a series of big losses in recent weeks that have finally seen all of its 2021 gains disappear over the course of a few months, and now it looks like…