Everything web3, crypto, defi, degen
In brief The firm will slide Palisade’s offerings into its Ripple Payments and Ripple Custody solutions. Ripple acquired Hidden Road and GTreasury in billion dollar deals earlier this year. Ripple ended a four-year legal battle with the SEC this August. Ripple has acquired digital wallet provider and custody firm Palisade, the blockchain-based financial technology company…
In brief The CBS segment was Trump’s first sit-down with 60 Minutes in five years, spanning the government shutdown, foreign policy, and crypto. Trump said he “didn’t know” CZ and had been “told” Zhao was wrongfully targeted by the Biden administration. O’Donnell pressed the president on Binance’s $2 billion transaction involving his family’s World Liberty…
In brief Stripe is working with crypto venture firm Paradigm to build a new layer-1 network for payments and stablecoins. The network is in private testnet, being built with design input from global firms like OpenAI, Shopify, and Visa. Tempo will feature low fees, a payments-first user experience, and opt-in privacy features. Stablecoins and payment…
In brief A federal appeals court affirmed the Fed’s ability to deny crypto bank Custodia a master account. Custodia had argued the Fed had no choice but to award a master account to eligible banks. The Fed said it could deny Custodia an account based on the risk posed by crypto activity. Custodia said it…
In brief California’s Department of Financial Protection and Innovation (DFPI) fined Coinhub $675,000 for violating digital assets law. Of that total, $105,000 is due as restitution to consumers who were overcharged by the ATM operator. This marks the fourth enforcement action from the regulator as it cracks down on crypto ATM operators that it says…
In brief Fold and Steak ‘n Shake are partnering to provide Bitcoin rewards for Bitcoin Steakburger buyers. Those who buy the burger or Bitcoin meal can earn $5 in BTC, claimable via the Fold app. Shares in FLD are down around on the day, but Bitcoin is up slightly on the day. Publicly traded Bitcoin…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors fall 2-3% after Powell says rate cut not certain in December US Senator claims Binance helped with TRUMP launch for…
In brief Bitcoin dropped more than 6% during Q3, a more tepid performance than in the previous quarter. On Monday, Strategy announced a $43 million Bitcoin purchase for its treasury, its largest in a month. Co-founder Michael Saylor has remained upbeat about Bitcoin, despite its price drop this month. Leading Bitcoin treasury Strategy (MSTR) generated…
In brief Western Union said on Wednesday that the publicly announced new coin would be called USDPT. The WUUSD trademark application is being reviewed by the U.S. Patent and Trademark Office. The payments giant has said it plans to introduce a “digital asset network.” Western Union has applied to trademark the name “WUUSD” shortly after…
In brief The deal would outpace Stripe’s massive $1.1 billion purchase of stablecoin startup Bridge last year. Stablecoin activity has mushroomed with tokens’ total market cap increasing by about $100 billion year-to-date. Last month, Morgan Stanley teamed with Zerohash to enable E*Trade customers to trade Bitcoin, Ethereum, and Solana. Credit card giant Mastercard is reportedly…
