Alchemy Pay Integrates with Scroll Network
Alchemy Pay, a well-known fiat-crypto payment processing solution, expands support by integrating with Scroll. Users can obtain and utilize USDT and USDC on Scroll through Alchemy Pay, which uses zero-knowledge technology and is interoperable with the Ethereum Virtual Machine (EVM). The integration of international clientele and the resolution of issues in decentralized finance (DeFi) are […]
Tether Invests over $18m in Cross-Border Exchange Startup XREX
Tether has contributed $18.75 million to the cross-border payments firm XREX to enhance the use cases of USDT-based payments in developing nations. In order to increase the amount of stablecoin cross-border business-to-business (B2B) payments made in emerging economies, Tether, the company that issues the USDT stablecoin, has contributed close to $19 million to XREX, a […]
Argentina Introduces National Registry for Crypto Exchanges
Argentina is implementing a national registration for cryptocurrency exchanges to maintain market integrity, indicating tighter control over the rapidly growing industry. According to a government notification, the Virtual Asset Service Provider (VASP) registry has been created by the National Securities Commission (CNV) of Argentina, and approximately one hundred individuals and legal entities have applied. New […]
FTX Settles with IRS Over $24B Tax Bill
FTX has settled with the IRS for $200 million instead of $24 billion, clearing a significant hurdle in its bankruptcy. As per the documents submitted to the Bankruptcy Court for the District of Delaware, FTX has agreed to settle $200 million worth of priority claims against the Internal Revenue Service (IRS). This sum is payable […]
Polygon Labs Acquires ZK builder Toposware for Unified Web3
Ethereum ecosystem contributor Polygon Labs increased its zero-knowledge investment to $1 billion by acquiring the startup Toposware. The company that created the MATIC ecosystem, Polygon Labs, has expanded its toolkit for zero-knowledge (ZK) development to include the $30 million blockchain builder Toposware. A cryptographic technique known as “zero-knowledge” enables blockchains to validate transactions while keeping […]