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Shopify Expands Crypto Payment Options With Crypto.com Pact

Shopify merchants also have access to Jack Mallers’ Strike, Coinbase Commerce and BitPay. Merchants using e-commerce platform Shopify (SHOP) now have access to Crypto.com as another way for accepting cryptocurrency payments. Sellers using the Crypto.com Pay feature can allow customers to settle their accounts with over 20 tokens, according to a statement. Strike, the payments network headed by Jack Mallers, announced …

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Mastercard launches tech that lets you pay with your face or hand in stores

KEY POINTS Mastercard on Tuesday launched a program that allows retailers to offer biometric payment methods, like facial recognition and fingerprint scanning. Users can authenticate a payment by showing their face or the palm of their hand instead of swiping their card. The technology could one day help with the development of payments infrastructure for …

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Ernst & Young Unveils Supply Chain Manager on Polygon Network

It marks the first joint project between the accounting firm and the Ethereum-scaling platform. Big Four accounting and consulting firm Ernst & Young has unveiled its blockchain-based supply chain manager that is built for the Polygon network and that is aimed at solving bottlenecks in tracing products as they come to market. The EY OpsChain …

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COINSOURCE PARTNERS WITH KWIK TRIP TO LAUNCH 800 BITCOIN ATMS

Coinsource has partnered with Kwik Trips, one of the largest independently owned gas station brands, to launch 800 bitcoin ATMs across the United States. Coinsource is installing 800 bitcoin ATMs across midwestern Kwik Trip gas stations. Coinsource charges a flat 11% fee and offers a discount to Kwik Trip rewards members. Kwik Trip employs over …

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For the first time, Japan’s SoftBank could spend more on share buybacks than new investments: CLSA

KEY POINTS Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its landmark Vision Fund, according to CLSA’s Oliver Matthew. SoftBank on Thursday posted a record $27 billion loss in its Vision Fund as tech stocks have plummeted in recent months. Shares of SoftBank soared more than …

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Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

The fund is one of the few ways for stock traders in the U.S. to gain exposure to the price movements of bitcoin. The $18.3 billion Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin (BTC) fund, has seen its market discount widen to an all-time low of 30.79% this week as crypto markets suffered one …

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JAPAN’S LARGEST BROKER NOMURA NOW OFFERS BITCOIN DERIVATIVES

Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand. Nomura Holdings, Japan’s largest brokerage, now offers bitcoin-based derivatives. Available derivative contracts are non-deliverable forward and options, as well as futures and options contracts. Nomura’s economic consulting arm Nomura Research Institute launched a crypto-asset index in 2020. Nomura Holdings Inc, …

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Tesla CEO Elon Musk Reaffirms Dogecoin ‘Has Potential as a Currency’ as Twitter Deal Is Put on Hold

Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Elon Musk Says Dogecoin Has Potential as a Currency Tesla CEO Elon Musk has made another …

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Why it’s bad news for the entire market when Apple has a big drop

KEY POINTS Apple stock is down over 8% this week, wiping out hundreds of billions in value. The tech giant faces some supply chain challenges, but the outlook for its business hasn’t markedly changed this week. Investors have been seeing Apple as a “safe” place to park their money, but the sell-off suggests that sentiment …

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The maker of Marlboro cigarettes is betting big on nicotine pouches placed under your upper lip

KEY POINTS Marlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives. Swedish Match was trading at a 32% premium Wednesday since talks between the two companies were first announced Friday. It is the latest move Philip Morris International to …

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