Western Union CEO Embraces Stablecoins as a Path to Innovation and Efficiency
Western Union CEO Devin McGranahan stated in a recent interview that stablecoins should be viewed as an opportunity rather than a threat to the company’s business model. He emphasized that stablecoins can facilitate faster and cheaper cross-border transactions, benefiting both the company and its customers. McGranahan told Bloomberg that while stablecoins cannot be directly spent […] Powered by...
Block Initiates Onboarding of Sellers for Bitcoin Lightning Payments on Square
Jack Dorsey’s Block, Inc. (NYSE: XYZ) has announced the initiation of onboarding for its first few sellers on Square to facilitate a new native bitcoin acceptance experience. In a social media post, the company’s executive officer expressed enthusiasm for this development, stating, “boom. today we’re onboarding our first few Square sellers for the new native […] Powered by...
MARA Holdings to Raise $850 Million for Additional Bitcoin Purchases
MARA Holdings announced plans to issue $850 million in zero-coupon convertible notes due 2032, with proceeds earmarked for bitcoin purchases and debt repayment. $850 Million in Convertible Notes to Fund Additional Bitcoin Acquisition MARA Holdings, Inc. (Nasdaq: MARA) has announced plans to raise $850 million through a private offering of zero-coupon convertible senior notes due […] Powered by...
South Korean Regulator Urges ETF Managers to Scale Back Exposure to Crypto-Related Companies
A South Korean financial regulator has issued verbal guidance to domestic asset management companies, advising them to limit the proportion of cryptocurrency-related stocks in their exchange-traded funds. Rising ‘Coin Theme’ Stock Inclusions Spur Caution South Korea’s Financial Supervisory Service (FSS) has reportedly issued verbal guidance to domestic asset management companies, urging them to limit the […] Powered by...
Labels Don’t Want Supreme Court Review to Delay Piracy Lawsuit Against Verizon
Last month, the Supreme Court granted Cox Communications’ petition for a writ of certiorari in a landmark copyright liability battle. The internet provider challenged the $1 billion damages award by a Virginia jury in 2019, which went in favor of a group of major record labels, including Sony, Universal, and Warner. Cox successfully convinced the Supreme Court that the contributory infringement standards, which determine how ISPs...
