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Mastercard backs stablecoins post-GENIUS Act, but not as decentralized money

Mastercard publicy embraced stablecoins following the passage of the Genius act, but sees itself at the core of the system. The Genius Act is already having a tangible impact on the discourse around stablecoins. Following its passage, the payments giant Mastercard publicly embraced stablecoins, signalling that the legislation cleared a major roadblock to expansion. Still,…

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Bit Digital aims stealth power play in Ethereum’s ecosystem after amassing $436m ETH

Ethereum’s proof-of-stake era has created new power dynamics, and Bit Digital appears to be positioning itself at the center. With $436 million in ETH acquired, and the majority of it staked, the company could significantly influence network security and governance decisions. Nasdaq-listed company Bit Digital announced on July 18 that it has added 19,683 Ether…

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