Square merchants can now convert up to 10% of sales to Bitcoin via Cash App
Block gets 1% of every conversion.
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Atari creates new blockchain division amid leadership shuffle
The video game giant says the new blockchain division will focus on leveraging the novel tech for decentralized gaming. 2152 Total views 14 Total shares Atari has announced the creation of a new blockchain division as part of an organizational shuffle within the company.In a press statement issued on Tuesday, the gaming behemoth revealed the…

Bitcoin Lightning Network is growing, but 3 major challenges remain
The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels. The Lightning Network has gained traction since its launch in 2018, hitting a…

3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu arrested in Singapore, sending a wave of the disgraced blockchain executives' entrepreneurial ventures in disarray. Meanwhile, creditors continue to pursue the duo on asset recovery. by Zhiyuan Sun 4 min October 6, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments.

Major Coins Trading Sideways With Moderate Losses, Bitcoin Near $10,400
Sunday, July 21 — Major coins are mostly trading sideways, remaining relatively quiet with moderate losses over the past 24 hours, according to data from Coin360.Market visualization from Coin360The leading cryptocurrency Bitcoin (BTC) broke the $11,000 threshold earlier yesterday, but could not hold its position and dipped to its current price point of $10,406, down…

The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?
On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being called “Bloody Friday” for the industry.These lawsuits are class action in nature. For those unfamiliar…

SEC sues Coinbase in NY federal court for offering unregistered securities
The SEC lawsuit alleges that Coinbase operated as an unregistered broker and several tokens offered on its platform qualify as security. 921 Total views 5 Total shares The United States Securities and Exchange Commission has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities.The SEC lawsuit alleged that Coinbase has never registered…

CME overtakes OKEx as largest Bitcoin futures market
Bitcoin derivatives trading is on the rise as institutional investors flood the market. 2520 Total views 17 Total shares CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as…

$3 billion blockchain bond sale delayed ‘until further notice’
It is not currently clear when or if China Construction bank's debt issuance sale will be rescheduled. The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang exchange where they were due to be…