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- Get your daily, bite-sized roundup of cryptoasset and blockchain-related news-examine the stories that fly under the radar of today’s crypto news.*
- Crypto payment company BitPay and retail company Verifone have announced the expansion of BitPay’s blockchain payment technology to enable cryptocurrency payments for consumers on Verifone’s cloud service platforms in business and e-commerce in the United States. Merchants can accept crypto payments directly from Verifone without the need for an account with BitPay, while consumers can pay with approved crypto wallets.
- Fintech company Revolut wants to launch its own crypto token, CoinDesk reported, citing unnamed sources. The report claims that the company will produce something similar to an Exchange token, rather than creating a stablecoin, subject to approval by the UK’s Financial Conduct Authority (FCA).
- Morgan Stanley analyst Ken Zerbe has released a research note recommending shares of crypto-focused bank Silvergate pro ZeroHedge. He added that it is one of the most "distinctive" banks they cover and that it is severely undervalued at its current USD 109 trading price, meaning USD 158 would be more accurate.
- Chinese e-commerce giant Alibaba has announced it will ban the sale of crypto miners on its platform, as well as tutorials, strategies and software that can be used for crypto mining. = = References = = The Agreement will enter into force on October 15 and the Company points out that members of its platform are “responsible for compliance with the relevant laws and regulations that apply to each country of sale."
*U.S. Senators Maggie Hassan and Joni Ernst have introduced bipartisan legislation"to improve oversight of cryptocurrency mining operations abroad."The bill would require the Treasury Department to report to Congress on virtual currencies and their global use – including the use and mining of cryptocurrencies by other countries and the impact of cryptocurrency mining operations on supply chains, including critical technologies such as semiconductors, according to the announcement.
- BeePool, the fourth largest mining pool of Ethereum (ETH) in terms of computing power or hashrate (6% of the total hashrate), announced that it will cease its services from October 15.
Stock Exchange News
- Securitize, a digital asset marketplace, said they had launched Securitize Markets, which offers investors access to invest and trade in a range of alternative assets, including shares of private companies, real estate and funds, within a single regulated digital market.
- Social Token Infrastructure Company, Roll, said it has raised USD 10m in Series A funding led by IOSG Ventures with participation from Animoca Brands, Alchemy, Huobi Ventures and more. To date, Roll is used by 350 creators, while last month Roll’s social tokens eclipsed the market value of USD 250m and the daily trading volume of USD 2m, the company said.
- Nahmii, a Layer 2 (L2) scaling protocol for the Ethereum blockchain, said they launched an L2 scaling solution "for institutional scaling" and raised USD 8m in an investment round led by DARMA Partners, the general partner of DARMA Capital, an investment fund managed by Ethereum veterans Andrew Keys and James Slazas.
- Angle Labs, the company behind the Angle protocol, has launched a USD 5m funding round led by Andreessen Horowitz, TechCrunch reported. The small team has been working on a Euro stablecoin on the Ethereum blockchain, it added.