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  • 12:23
    Stripe launches a feature for B2B payments through stablecoins
    On November 20, Patrick Collison, CEO of American payment giant Stripe, posted on platform X that Stripe has launched a feature for B2B payments through stablecoins. A company employee @BackseatVC explained that users can now create and send invoices payable with stablecoins on Stripe; last month when Stripe launched the "Pay with Cryptocurrency" feature, one of the strongest user demands was to improve the B2B payment experience; with the support of invoice features, this demand is now met. Previously reported news stated that Stripe had launched a "Pay with Crypto" function in the United States which supports stablecoins including USDC and USDP.
  • 12:22
    Canaan Technology Q3 Financial Report: Total revenue is 73.61 million US dollars, Bitcoin holdings increased to 1231.3 coins
    On November 20, according to official news, Canaan Inc. (NASDAQ stock code: CAN) released its unaudited financial performance report as of September 30, 2024 today. The report shows that the total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, an increase of 120.9% year-on-year; total sales computing power was about 7.3 million Thash/s, a year-on-year increase of 93.8%; mining income was $8.96 million, with 147 bitcoins mined and an average income per bitcoin of $61,034; operating loss was $56.84 million, a decrease of 49.6% year-on-year . As of September 30th ,2024 ,the company held a total of1 ,231 .3 bitcoins ,with fair value combined from cryptocurrency assets and receivables totaling$79 .02million.
  • 12:21
    The South Korean financial regulatory authority refuses to approve the ETF investing in virtual assets
    On November 20, the South Korean financial regulatory authority banned the issuance of cryptocurrency ETFs for spot and futures products, while also rejecting funds investing in crypto companies including exchanges. The head of an asset management company stated that they have been preparing to launch a fund investing in virtual asset companies since the end of last year, but so far have not received approval from local regulators. Meanwhile, an official from FSS acknowledged the growing demand for Bitcoin investment, but said that unless there is a change in current government policy, regulations will not be relaxed.
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